中国投融资中期报告 2023/24

(Incorporated in the Cayman Islands with limited liability)()(Stock Code:1226) China Investment and Finance Group Limited中國投融資集團有限公司 CORPORATE INFORMATION 1226 STOCK CODE1226 BOARD OF DIRECTORSExecutive Director:Mr. CHAN Cheong Yee Non-executive Directors:Mr. WU QiMr. FONG On Shek Independent Non-executive Directors:Mr. LUK SimonMs. LIU XiaoyinMr. HON Leung AUDIT COMMITTEEMr. HON Leung(Chairman)Mr. LUK SimonMs. LIU Xiaoyin NOMINATION COMMITTEE Ms. LIU Xiaoyin(Chairman)Mr. HON LeungMr. LUK Simon REMUNERATION COMMITTEE Ms. LIU Xiaoyin(Chairman)Mr. LUK SimonMr. HON Leung REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands CORPORATE INFORMATION PRINCIPAL PLACE OF BUSINESS IN HONG KONG 701104 Room 1104, Crawford House70 Queen’s Road CentralHong Kong AUDITOR 810 Elite Partners CPA Limited10/F, 8 Observatory RoadTsim Sha TsuiKowloon, Hong Kong SHARE REGISTRARS AND TRANSFEROFFICE IN HONG KONG 3382333301-04 Union Registrars LimitedSuites 3301-04, 33/FTwo Chinachem Exchange Square338 King’s Road, North Point, Hong Kong PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China (Asia) LimitedChong Hing Bank Limited INVESTMENT MANAGEREvergrande Securities (Hong Kong) Limited COMPANY SECRETARYMr. CHAN Ka Yin AUTHORISED REPRESENTATIVESMr. CHAN Cheong YeeMr. CHAN Ka Yin WEBSITEhttp://www.chnif.com.hk http://www.chnif.com.hk 04China Investment and Finance Group Limited中國投融資集團有限公司 STATEMENT FROM THE MANAGEMENT Theboard(the“Board”)of directors(the“Directors”)of ChinaInvestment and Finance Group Limited (the “Company”) and itssubsidiaries (collectively, the “Group”) is pleased to announce theunauditedconsolidated results of the Group for the six monthsended 30 September 2023 (the “Period”). MANAGEMENT DISCUSSION AND ANALYSISFINANCIAL RESULTS 15,900,00024,600,0002,000,0002,700,00036%12,400,00027,700,000168,900,000196,600,00027,700,000 For the six months ended 30 September 2023, the Group recordedgrossproceeds from disposal of securities of approximatelyHK$15.9 million for the Period (six months ended 30 September2022: approximately HK$24.6 million). The Group also recorded anincrease in revenue from approximately HK$2.0 million for the sixmonths ended 30 September 2022 to approximately HK$2.7 millionforthe Period,representing an increase of approximately 36%.The change of financial performance from profit attributable to theowners of approximately HK$12.4 million for the six months ended30 September 2022 to loss of approximately HK$27.7 million forthe Period. The unaudited consolidated net assets of the Groupas at 30 September 2023 amounted to approximately HK$168.9million(31 March 2023:approximately HK$196.6 million).Thedecreasein the Group’s net asset value over the Period isprincipallyresulted from the net loss of approximately HK$27.7million for the Period. Thenet asset value per share of the Group was amounted toapproximately HK$0.41 (31 March 2023: approximately HK$0.48). 0.410.48 INVESTMENT REVIEW As at 30 September 2023, the Group’s investments were as follows: HK$160.1 million160,100,000 STATEMENT FROM THE MANAGEMENT 160,100,0005%910 Theinvestment portfolio of the Group maintained during thePeriod mainly comprises of unlisted equity securities, unlisted debtsecuritiesand listed equity securities in Hong Kong and China.The value of investment portfolio of the Company is approximatelyHK$160.1million.Further details of the Group’s significantinvestments, which are defined as any of the Group’s investmentswithfair value over 5%of the Group’s total assets as at 30September 2023, are stated in notes 9 and 10 to the condensedconsolidated financial statements and elsewhere in Statement fromthe Management. China Investment and Finance Group Limited中國投融資集團有限公司 STATEMENT FROM THE MANAGEMENT Notes: (a)8021 (a)WLS Holdings Limited (“WLS”, stock code: 8021) 112,400,000 WLS is principally engaged in the provision of scaffolding and fittingout services and other auxiliary services for construction and buildingswork,and money lending business. The audited consolidated lossattributable to shareholders of WLS for the year ended 30 April 2023was approximately HK$112.4 million. Asstated in WLS annual report 2023,looking ahead,in view ofpresenteconomic uncertainty and difficulties,WLS is reviewing itsexistingassets structure and business strategies and may makeadjustment to its existing assets structure, with the aim to consolidateits resources, so as to be flexibly prepared for uncertainties in thefuture. Meanwhile, in order to enhance its competitiveness, WLS willlook for opportunities to revitalise the scaffolding business to keepup with the recent development and trend in the industry, in particularthe declining use of bamboo scaffolds. At the same time, WLS willcontinue focusing on those business segments that generate higherprofitm