大中华金融2024 中期报告

2024INTERIM REPORT中 期 報 告 CONTENTS PAGE(S) CORPORATE INFORMATION2MANAGEMENT DISCUSSION AND ANALYSIS4INTERIM DIVIDEND11DISCLOSURE OF INTERESTS12OTHER INFORMATION15CONDENSED CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME20CONDENSED CONSOLIDATED STATEMENT OFFINANCIAL POSITION22CONDENSED CONSOLIDATED STATEMENT OFCHANGES IN EQUITY24CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS25NOTES TO THE CONDENSED CONSOLIDATEDFINANCIAL STATEMENTS26 CORPORATE INFORMATION Executive DirectorsMr. Liu Kequan (Chairman)Mr. Chen Zheng Non-executive DirectorMr. Zhang Peidong Independent Non-executive DirectorsMr. Kwan Kei ChorDr. Lyu ZiangMr. Zhou Liangyu Audit CommitteeMr. Kwan Kei Chor (Chairman)Dr. Lyu ZiangMr. Zhou Liangyu Remuneration CommitteeDr. Lyu Ziang (Chairman)Mr. Kwan Kei ChorMr. Zhang Peidong Nomination CommitteeMr. Liu Kequan (Chairman)Dr. Lyu ZiangMr. Zhou Liangyu Company SecretaryMs. Chan Siu Mun AuditorConfucius International CPA LimitedCertified Public Accountants Principal BankersBank of China (Hong Kong) LimitedHang Seng Bank LimitedTaicang Rural Commercial Bank Legal AdvisorSidley Austin 2828 Head Office and Principal Place of Business28/F., Lee Garden Two28 Yun Ping RoadCauseway BayHong Kong Victoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda Registered OfficeVictoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda Principal Share Registrar and Transfer Office in BermudaMUFG Fund Services (Bermuda) Limited4th Floor North Cedar House41 Cedar AvenueHamilton HM12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor North Cedar House41 Cedar AvenueHamilton HM12Bermuda 1617 Hong Kong Branch Share Registrar and Transfer OfficeTricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 431 Stock Code431 http://www.irasia.com/listco/hk/greaterchina/index.htm Websitehttp://www.irasia.com/listco/hk/greaterchina/index.htm MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW AND PROSPECT Greater China Financial Holdings Limited (the “Company”) andits subsidiaries (collectively, the “Group”) are principally engagedin investment holding, industrial property development, generaltrading of consumable goods and loan financing operationsincluding the provision of loan financing, financial guaranteeservices, loan referral and consultancy services. The segmentrevenue and results of the Group for the six months ended 30June 2024 (the “Period”), together with the comparative figuresfor the corresponding period in 2023, are stated in the tablebelow: Industrial Property Development 48,6002,092,0006,476,0008,568,0002,381,000525,000100% Revenue from the segment mainly represents warehouse storageincome generated from warehouse operation. The Group’swarehouse is located in Taicang, Jiangsu Province, the People’sRepublic of China (the “PRC”). It is divided into six units and thetotal area is approximately 48,600 square meters. Revenue fromthe warehouse operation recorded a decrease of approximatelyHK$2,092,000 to approximately HK$6,476,000 for the Period (30June 2023: approximately HK$8,568,000) due to the discountprovided to a customer on renewal of the contract. The segmentloss was approximately HK$2,381,000 (30 June 2023: segmentprofit of approximately HK$525,000), which was due to a majorrepair incurred for the warehouse during the Period. The averageoccupancy rate of the Group’s warehouse during the Period was100% and was primarily used as storage of electric and non-electric power tools and spare parts. 100% The Group’s warehouse operation achieved an exceptionaloccupancy rate during the Period, leveraging the strategiclocation of its facilities and the strong long-term relationshipswith its customers. Capitalizing on these competitive advantages,the Group’s management confidently anticipates that thewarehouse occupancy rate will maintain at a full 100% capacitythroughout the year of 2024. General Trading In the first half of 2024, due to market challenges and slowrecovery in the economic environment, the Group was unableto conduct any liquor trading business. However, the Group’smanagement expects market conditions for the liquor tradingbusiness to rise again in the second half of 2024. In the pressconference for introducing the core decisions (the “Decisions”)of 3rd Plenary Session (“the 3rd Session”) of the 20th CentralCommittee of the Communist Party of China () held in July 2024, theCentral Committee of the Chinese Communist Party () explained that the Decisions of the 3rdSession emphasized the need for the PRC government to boostdomestic consumption demand. The 3rd Session urged thegovernment to explore opportunities for further expansion andto effectively leverage the PRC’s substantial domestic marketsize as a key competitive advantage. This policy is expected toimprove business environment for liquor trading business, withits underlying baijiu products being popular consumer productsfor business and social gatherings in the PRC. In