中达集团控股二零二四年年报

(Incorporated in Bermuda with limited liability)(於百慕達註冊成立之有限公司)Stock Code股份代號 : 139 Corporate Information Executive DirectorsChen Xiaodong(Vice Chairman and Chief Executive Officer)Yu QingruiWang Jinsong Independent Non-Executive DirectorsChan Ngai FanWu MingLi Meifeng Audit CommitteeChan Ngai Fan(Chairman)Wu MingLi Meifeng Remuneration CommitteeChan Ngai Fan(Chairman) Chen XiaodongLi Meifeng Nomination CommitteeChen Xiaodong(Chairman)Chan Ngai FanLi Meifeng Company SecretarySzeto Pui Tong, Patrick AuditorKTC Partners CPA Limited Principal BankersCMB Wing Lung Bank Chong Hing Bank LimitedPublic Bank (Hong Kong) LimitedShanghai Commercial Bank LimitedHang Seng Bank Limited Registered OfficeClarendon House Clarendon House2 Church StreetHamilton HM 11Bermuda 2 Church StreetHamilton HM 11Bermuda Head Office and Principal Place of Business5th Floor, Phase II 85 China Taiping Tower8 Sunning RoadCauseway BayHong Kong Principal Share RegistrarConyers Corporate Services (Bermuda) Limited Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda Hong Kong Branch Share Registrarand Transfer Office 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong www.cwghl.com Company’s Websitewww.cwghl.com 139 Stock Code139 Chairman’s Statement andManagement Discussion and Analysis Review of Results 75,700,00090,200,0005,500,00039,500,00083,200,000133,800,000 The Group recorded a revenue of approximately HK$75.7 millionfor the year ended 31 December 2024 (the “Year”),compared toa revenue of approximately HK$90.2 million for the year ended31 December 2023. The decrease was mainly attributable to thesignificant decrease in revenue in the provision of Debt CapitalMarket (“DCM”) services, as well as the decrease in the scaleof asset management. The revenue from the provision of DCMwas approximately HK$5.5 million, as compared to a revenue ofapproximately HK$39.5 million for the year ended 31 December2023. Due to the difficult operating environment of China’s USdollars bonds market, the provision of DCM services slowed downduring the year. The loss before tax for the Year was approximatelyHK$83.2million as compared to the loss before tax ofapproximately HK$133.8 million for the year ended 31 December2023. 83,200,000133,900,0000.490.80 The net loss after income tax for the Year was approximatelyHK$83.2 million as compared to the net loss after income tax ofapproximately HK$133.9 million for the year ended 31 December2023. Basic loss per share attributable to owners of the Companyfor the Year was approximately HK$0.49 cent (31 December 2023:basis loss of approximately HK0.80 cent). Economy ReviewIn 2024, the Hong Kong economy continued to expand, though 2.5%3.2% at a moderated pace, total exports of goods saw deceleratedgrowth,while exports of services increased further.Overallinvestment expenditure shows a further increase. However, privateconsumption expenditure continues to decline. The GDP growth forthe year is 2.5%, following a contraction of 3.2% in 2023. 3% InHong Kong,the external environment has turned morechallenging recently, the Hong Kong economy is expected tomaintain its growth momentum for the reminder of the year.Increased global economic uncertainties and escalation of tradeconflicts would affect the performance of goods exports. Theseasonally adjusted unemployment rate stayed at 3% in the fourthquarter 2024. 916,78820,060 The global economic slowdown and persistent high interest ratescast doubt on Hong Kong’s economic prospects. The local stockmarket stays soft during the first half of the year, following the USinterest rate cut in mid-September and the Mainland’s subsequentannouncement of a package of support measures, the local stockmarket improved significant as market sentiment getting better. Forthe Year, the Hang Seng index opened at 16,788 points and closedat 20,060 points at the end of the Year. Although the governmenttake the measures like abolishing stamp duties and easing mortgagerestrictions, Hong Kong’s property market was remained quiet andsoft due to the persistent high interest rates and weak economicperformance. Due to the high US dollar financing costs and intensified credit risksof Chinese property developer, the issuance of Chinese offshorebonds continues the downward trend and slowed down in the year. Business ReviewBrokerage & margin financing The business is carried on through Instant Achieve Limited (“IAL”), 14 a wholly owned subsidiary of the Group, which in turn owned100%equity interest in Central Wealth Securities InvestmentLimited (“CWSI”). CWSI is incorporated in Hong Kong with limitedliability and are carrying on business in type 1 (dealing in securities)and type 4 (advising on securities) regulated activities under theSecurities and Futures Ordinance. 5,500,0005,300,00025,100,0009,200,000 During the Year, the commiss