中国天弓控股2024 中期报告

(Incorporated in the Cayman Islands with limited liability and continued in Bermuda with limited liability) (Stock Code: 428) INTERIMREPORT20 2 4中期報告 CONTENTS CORPORATE INFORMATION BOARD OF DIRECTORSExecutive DirectorsChau Wai Hing(Chairman)Wu Ming Gai Independent Non-executive Directors Lin Hsiu MeiLeung Yin TingWong Sze Lok AUDIT COMMITTEE Wong Sze Lok(Chairman)Leung Yin TingLin Hsiu Mei NOMINATION COMMITTEE Leung Yin Ting(Chairman)Wong Sze LokLin Hsiu Mei REMUNERATION COMMITTEE Wong Sze Lok(Chairman)Lin Hsiu MeiLeung Yin Ting BANKERS OCBC Wing Hang Bank LimitedBank of China (Hong Kong) LimitedThe Hongkong and Shanghai Banking Corporation Limited CORPORATE INFORMATION AUDITOR 18824 McMillan Woods (Hong Kong) CPA LimitedCertified Public Accountants24/F, Siu On Centre188 Lockhart Road, Wan ChaiHong Kong COMPANY SECRETARY Au Yeung Ming Yin Gordon REGISTERED OFFICE Canon’s Court22 Victoria StreetHamilton, HM12Bermuda Canon’s Court22 Victoria StreetHamilton, HM12Bermuda PRINCIPAL PLACE OF BUSINESS INHONG KONG 6114A Room 14AFortune House61 Connaught Road CentralCentral, Hong Kong HONG KONG BRANCH REGISTRAR 183171712 1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWan ChaiHong Kong STOCK CODE 428 The Stock Exchange of Hong Kong Limited: 428 FINANCIAL HIGHLIGHTS Thefinancial highlights of Cocoon Holdings Limited(the“Company”)and its subsidiaries(collectively referred to as the“Group”) for the six months ended 30 June 2024 are summarisedas follows: –Revenueof the Group for the six months ended 30June2024(the“Reporting Period”)was approximatelyHK$77,000as compared to approximately HK$1.3millionfor the six months ended 30 June 2023(the“Corresponding Period”). –77,0001.3 –Gross proceeds from disposals of trading securities fortheReporting Period was recorded of approximatelyHK$4.0million as compared to approximately HK$17.6million for the Corresponding Period. –4.017.6 –Lossattributable to owners of the Company for theReporting Period was approximately HK$19.0 million ascompared to the profit of approximately HK$30.6 millionfor the Corresponding Period. –19.030.6 –Basic loss per share of the Group was HK cents 3.03 forthe Reporting Period as compared to the basic earningper share of HK cents 5.90 for the Corresponding Period. –3.035.90 INTERIM RESULTS TheBoard(the“Board”)of Directors(the“Directors”)oftheCompany presents the interim report and the unauditedcondensedconsolidated interim financial statements(“InterimFinancial Statements”) of the Group for the six months ended 30June 2024. The condensed consolidated statement of profit or lossandother comprehensive income,the condensed consolidatedstatementof changes in equity,the condensed consolidatedstatementof cash flows of the Group and the condensedconsolidated statement of financial position of the Group for theperiod ended 30 June 2024 all of which are unaudited, along withselected explanatory notes, are set out on pages 23 to 43 of thisinterim report. 2343 INTERIM DIVIDEND The Board resolved not to declare an interim dividend for theReporting Period (Corresponding Period: nil). MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW, PROSPECTS AND FUTUREPLAN Themarket environment in 2024 was characterised byacontinuation of the sluggish performance that had definedtheprevious year in 2023.After the economic and marketchallenges that emerged in 2023, the anticipated recovery failedto materialise in 2024, leading to a prolonged period of lacklusterreturnsand heightened uncertainty of stock market in HongKong, The People’s Republic of China (the “PRC”) and The UnitedStates of America (the “U.S.”). Thekey factors contributing to the persistent lacklusterperformance included persistent inflationary pressures, tighteningmonetarypolicy,geopolitical uncertainty,sluggish economicgrowth, etc. As a result, major market indices struggled to achievemeaningful growth throughout 2024, forcing investors to adopt amore cautious and defensive approach. The persistent lacklusterperformance eroded investor confidence and highlighted the needforpolicymakers and businesses to address the fundamentalchallenges hindering economic and market growth. Overall,the stock market and economic prospects in 2024remained subdued, marked by a prolonged period of uncertainty,volatility,and lackluster performance as policymakers andbusinessesgrappled with the persistent challenges that hadcarried over from the previous years. Looking ahead to second half of 2024, the Company will stayin focus to invest in trading securities, private equity funds andprivate enterprises with potential prospect. Our approach will keeptimely and appropriate investment strategies in response to thevolatile market, in order to enhance our investment portfolio andachieve net asset appreciation. The Board will pay close attentionto the macro trends and keep seeking opportunities to invest inthe PRC, Hong Ko