华科智能投资中期报告 2024/2025

Contents目錄 5Management Discussion and Analysis 37Condensed Consolidated Statement ofProfit or Loss and Other Comprehensive Income 39Condensed Consolidated Statement ofFinancial Position 41Condensed Consolidated Statement ofChanges in Equity 42Condensed Consolidated Statement of Cash Flows 44Notes to the Condensed Consolidated FinancialStatements CORPORATE INFORMATION BOARD OF DIRECTORS Executive Director Dr. LIU Zhiwei(Resigned on 9 October 2024) Non-executive Directors Dr. WANG Qin(Chairman)Dr. FU WeigangDr. WANG ShibinMs. SUN Qing(Appointed on 29 November 2024) Independent Non-executive Directors Mr. CHEN Yuming(Resigned on 4 September 2024)Mr. YAN XiaotianMr. ZHAO KaiMr. YANG Songbin(Appointed on 4 September 2024) CHIEF EXECUTIVE OFFICER Dr. QIAO Bingya AUDIT COMMITTEE Mr. CHEN Yuming(Chairman) (Resigned on4 September 2024)Mr. YAN XiaotianMr. ZHAO KaiMr. YANG Songbin(Chairman) (Appointed on4 September 2024) REMUNERATION COMMITTEE Mr. ZHAO Kai(Chairman)Mr. CHEN Yuming(Resigned on 4 September 2024)Mr. YAN XiaotianMr. YANG Songbin(Appointed on 4 September 2024) NOMINATION COMMITTEE Dr. WANG Qin(Chairman)Mr. CHEN Yuming(Resigned on 4 September 2024)Mr. YAN XiaotianMr. ZHAO KaiMr. YANG Songbin(Appointed on 4 September 2024) CORPORATE GOVERNANCE COMMITTEE Mr. YAN Xiaotian(Chairman)Mr. CHEN Yuming(Resigned on 4 September 2024)Mr. ZHAO KaiMr. YANG Songbin(Appointed on 4 September 2024) AUTHORIZED REPRESENTATIVES Dr. LIU Zhiwei(Resigned on 9 October 2024)Ms. NG Sau Lai(Resigned on 17 October 2024)Dr. WANG Qin(Appointed on 9 October 2024)Ms. YAN Xin(Appointed on 17 October 2024) COMPANY SECRETARY Ms. NG Sau Lai(Resigned on 17 October 2024)Ms. YAN Xin(Appointed on 17 October 2024) INVESTOR RELATIONS CONTACT DETAILS Tel: (852) 2842 9688Fax: (852) 2842 9666Email: ir@1140.com.hk (852) 2842 9688(852) 2842 9666ir@1140.com.hk INVESTMENT MANAGER Honor Capital (HK) Limited(Former name: Blue Carbon TaiYue Capital (HK) Limited) AUDITOR 38223 ZHONGHUI ANDA CPA Limited23/F, Tower 2, Enterprise Square Five38 Wang Chiu RoadKowloon Bay, KowloonHong Kong CORPORATE INFORMATION PRINCIPAL REGISTRAR SMP Partners (Cayman) LimitedRoyal Bank House, 3rd Floor24 Shedden Road, P.O. Box 1586Grand Cayman KY1-1110Cayman Islands SMP Partners (Cayman) LimitedRoyal Bank House, 3rd Floor24 Shedden Road, P.O. Box 1586Grand Cayman KY1-1110Cayman Islands BRANCH REGISTRAR 1617 Tricor Abacus Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong REGISTERED OFFICE P.O. Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands P.O. Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands PRINCIPAL PLACE OF BUSINESS Room 3910-13, 39/F, COSCO TowerGrand Millennium Plaza183 Queen’s Road CentralHong Kong 183393910-13 PRINCIPAL BANKER Shanghai Pudong Development Bank Co., Ltd. Hong Kong BranchChina Guangfa Bank Co., Ltd. Hong Kong BranchShanghai Commercial Bank LimitedChina Construction Bank Corporation Hong Kong BranchChina Zheshang Bank Hong Kong Branch STOCK CODE 1140 The Stock Exchange of Hong Kong LimitedCode: 1140 WEBSITE www.1140.com.hk www.1140.com.hk MANAGEMENT DISCUSSION AND ANALYSIS WEALTHINK AI OVERVIEW WealthinkAI-Innovation Capital Limited(“Wealthink AI”)isacross-border investor with a focus on China’s fast-growingindustriesand the best investment opportunities.We leverageourcapital strength to invest in targeted companies,withreturnsprimarily generated from interests,dividends andcapitalappreciation.Since last year,in view of changes inmarketenvironment and the strategic development needs oftheCompany,we underwent comprehensive adjustments andoptimization of our investment strategy, re-establishing our four-core investment strategy, namely core-holding-centered unlistedequity investments, debt investments, fund investments and listedequity investments. INVESTMENT REVIEW Investment Activities During the Period (as of 30 September 2024), external macrofactors remain the major risks. The monetary stance of majorcentral banks and the financial health of the US and Europeanbanking sectors affected global market performance. In mainlandChina,the pace of economic recovery,the extent of policystimulus and Sino-US relations are the key focuses. Although theworldwide major stock markets resumed an upward trend afterexperiencing a rapid correction in the second quarter of 2024,thechanges of international situation may affect the world’smajor economies, the global economy may be uncertain in therestof 2024.Confronted by the volatility and uncertainty ofthe market, we adhered to the principle of investment diversityand risk diversification, prudently evaluated various investmentopportunities,and comprehensively adjusted and improvedinvestment strategies. Through various asset categories includinginvestments in unlisted equity, debt, fund and listed equity, wefurtherimproved the diversity and stability of our investmentportfolio.In addition,under the complex and ever-changingeconomicsituati