中国投融资中期报告 2024/25

China Investment and Finance Group Limited (Incorporated in the Cayman Islands with limited liability)()(Stock Code:1226) 02China 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 Room 1104, Crawford House70 Queen’s Road CentralHong Kong 701104 AUDITOR 3323 Elite Partners CPA LimitedLevel 23, YF Life Tower33 Lockhart RoadWanchai, 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 http://www.chnif.com.hk WEBSITEhttp://www.chnif.com.hk * *Ceased to act as investment manager with effect from 4 October 2024 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 2024 (the “Period”). MANAGEMENT DISCUSSION AND ANALYSISFINANCIAL RESULTS 11,000,00015,900,0002,700,0003,300,00024.4%27,700,0007,000,000151,900,000158,900,0007,000,000 For the six months ended 30 September 2024, the Group recordedgrossproceeds from disposal of securities of approximatelyHK$11.0 million for the Period (six months ended 30 September2023: approximately HK$15.9 million). The Group also recorded anincrease in revenue from approximately HK$2.7 million for the sixmonths ended 30 September 2023 to approximately HK$3.3 millionfor the Period, representing an increase of approximately 24.4%.The loss attributable to the owners decreased from approximatelyHK$27.7 million for the six months ended 30 September 2023 toloss of approximately HK$7.0 million for the Period. The unauditedconsolidated net assets of the Group as at 30 September 2024amountedto approximately HK$151.9 million(31 March 2024:approximatelyHK$158.9 million). The decrease in the Group’snet asset value over the Period is resulted from the net loss ofapproximately HK$7.0 million for the Period. 0.370.39 Thenet asset value per share of the Group was amounted toapproximately HK$0.37 (31 March 2024: approximately HK$0.39). INVESTMENT REVIEW As at 30 September 2024, the Group’s investments were as follows: STATEMENT FROM THE MANAGEMENT 151,800,0005%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$151.8million.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 2024, are stated in notes 9 and 10 to the condensedconsolidated financial statements and elsewhere in Statement fromthe Management. 06China Investment and Finance Group Limited中國投融資集團有限公司 STATEMENT FROM THE MANAGEMENT Notes: (a)397 (a)Minerva Group Holding Limited (“Minerva Group”, stock code: 397) 104,100,000 Minerva Group is principally engaged in business of financial services,assets investment and money lending. For the financial year ended31December 2023,the audited consolidated loss attributable toshareholders of Minerva Group was approximately HK$104.1 million. Asstated in Minerva Group’s 2024 interim report,the Hong Kongeconomyis still facing high interest rates and a slowdown in thegrowth of the economic market performance and GDP. This situationcould have significant implications for the financial industry in HongKong. It is expected that market volatility will continue to persist amidrising interest rates and inflation pressures. Furthermore, the HongKong Government has forecasted a real GDP growth rate of 2.5%to 3.5% for 2024, which is similar to the actual result of real GDP in2023. It is anticipated that there may not be a significant improvementin the economic market performa