大禹金融2025中期业绩报告

(Stock Code1073) 2025 Hong Kong’s capital market miraculously reclaimed the world’stop spot not long after being mocked as a financial relic,reminding us the constant need to be vigilant and to remain resilientin adapting to the rapid changes of Hong Kong’s role go forward. 由 香 港 被 諷 金 融 遺 址 ， 至 奇 蹟 地 回 升 世 界 第 一 ，我 們 將 保 持 韌 性 來 適 應 香 港 今 後 急 速 之 變 化 。 Corporate Information公司資料 BOARD OF DIRECTORS Non-Executive Director:Mr. Kuo Jen-Hao(Chairman) Executive Directors:Mr. Lee Wa Lun, Warren(Managing Director) Mr. Xu HaohaoMr. Lam Chi ShingMs. Li Ming Independent Non-Executive Directors:Mr. Chan Sze ChungMr. Suen Chi WaiMr. Sum Wai Kei, Wilfred EXECUTIVE COMMITTEE Mr. Lee Wa Lun, Warren(Chairman)Mr. Xu HaohaoMr. Lam Chi ShingMs. Li Ming AUDIT COMMITTEE Mr. Chan Sze Chung(Chairman)Mr. Kuo Jen-HaoMr. Suen Chi WaiMr. Sum Wai Kei, Wilfred NOMINATION COMMITTEE Mr. Suen Chi Wai(Chairman)Ms. Li Ming(appointed with effect from 30 May 2025)Mr. Chan Sze ChungMr. Sum Wai Kei, Wilfred REMUNERATION COMMITTEE Mr. Sum Wai Kei, Wilfred(Chairman)Mr. Kuo Jen-HaoMr. Chan Sze ChungMr. Suen Chi Wai COMPANY SECRETARY Ms. Lau Ka Ki, Klare AUTHORISED REPRESENTATIVES Mr. Lee Wa Lun, WarrenMs. Lau Ka Ki, Klare Corporate Information (Continued)公 司 資 料（ 續 ） INDEPENDENT AUDITOR BDO LimitedRegistered Public Interest Entity Auditor PRINCIPAL BANKERS BNP Paribas Hong Kong BranchDBS Bank Ltd., Hong Kong Branch HEADQUARTER AND PRINCIPALPLACE OF BUSINESS INHONG KONG Room 1801, 18th FloorAllied Kajima Building138 Gloucester RoadWanchai, Hong Kong 138181801 REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong STOCK CODE 1073 (listed on the Main Board of The StockExchange of Hong Kong Limited) 1073 WEBSITE www.irasia.com/listco/hk/dayufinancial/ www.irasia.com/listco/hk/dayufinancial/ Management Discussion and Analysis管理層討論及分析 BUSINESS REVIEW For the six months ended 30 June 2025 (the “InterimPeriod”), Da Yu Financial Holdings Limited (the “Company”)and its subsidiaries (collectively the “Group”) are principallyengaged in the provision of corporate finance advisoryservices and asset management services through its wholly-owned subsidiary, Yu Ming Investment Management Limited(“Yu Ming”), in investment in securities through a wholly-owned subsidiary, Yu Ming High Dividend Fund (“YMHDFund”), in securities broking and placing of securities througha wholly-owned subsidiary, Morton Securities Limited(“Morton Securities”), and in money lending business inHong Kong mainly through another wholly-owned subsidiary,Morgan Finance Limited (“Morgan Finance”). Yu Ming High Dividend FundYMHD Yu Ming is licensed to carry out Type 1 (dealing in securities),Type 4 (advising on securities), Type 6 (advising on corporatefinance) and Type 9 (asset management) regulated activitiesunder the Securities and Futures Ordinance (Chapter 571 ofthe Laws of Hong Kong) (the “SFO”). 5711469 YMHD YMHD Fund is a fund incorporated as an exempted companyin the Cayman Islands and registered as a regulated mutualfund under the Mutual Funds Act of the Cayman Islands. Morton Securities is a securities dealer licensed to carry outType 1 (dealing in securities), Type 4 (advising on securities)and Type 9 (asset management) regulated activities underthe SFO. Morton Securities is also an Exchange Participantof The Stock Exchange of Hong Kong Limited (the “StockExchange”) and is admitted by Hong Kong SecuritiesClearing Company Limited to participate in the CentralClearing and Settlement System as a Direct ClearingParticipant (within the meaning of the General Rules ofCentral Clearing and Settlement System). 149 Morgan Finance holds the money lenders licence, whichwas granted by the licensing court pursuant to the MoneyLenders Ordinance (Chapter 163 of the Laws of HongKong) and the Money Lenders Regulations, allowing MorganFinance to carry on money lending business in Hong Kong. 163 Management Discussion and Analysis (Continued)管 理 層 討 論 及 分 析（ 續 ） Corporate Finance Advisory During the Interim Period, the corporate finance advisoryservices provided by Yu Ming mainly included the following: (i)GEMGEM (i)acting as financial adviser to advise listed issuers,shareholders and investors of listed issuers andentities on specific transactions in respect of theRules Governing the Listing of Securities on the StockExchange (the “Listing Rules”), the Rules Governing