大中华金融2023 中期报告

INTERIM REPORT CONTENTS PAGE(S) CORPORATE INFORMATION2MANAGEMENT DISCUSSION AND ANALYSIS4INTERIM DIVIDEND13DISCLOSURE OF INTERESTS14OTHER INFORMATION17CONDENSED CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME22CONDENSED CONSOLIDATED STATEMENT OFFINANCIAL POSITION24CONDENSED CONSOLIDATED STATEMENT OFCHANGES IN EQUITY26CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS27NOTES TO THE CONDENSED CONSOLIDATEDFINANCIAL STATEMENTS28 CORPORATE INFORMATION Executive DirectorsMr. Liu Kequan (Chairman)Mr. Yang Dayong (Chief Executive Officer)Mr. Chen Zheng Non-executive DirectorMr. Zhang Peidong Independent Non-executive DirectorsMr. Kwan Kei ChorDr. Lyu ZiangMr. Zhou Liangyu Audit CommitteeMr. Kwan Kei Chor (Chairman)Dr. Lyu ZiangMr. Zhou Liangyu Remuneration CommitteeDr. Lyu Ziang (Chairman)Mr. Kwan Kei ChorMr. Zhang Peidong Nomination CommitteeMr. Liu Kequan (Chairman)Dr. Lyu ZiangMr. Zhou Liangyu Company SecretaryMs. Chan Siu Mun AuditorHLM CPA LimitedCertified Public Accountants Principal BankersBank of China (Hong Kong) LimitedHang Seng Bank LimitedTaicang Rural Commercial Bank Legal AdvisorSidley Austin Head Office and Principal Place of Business 13612-16 Suites 3612-16, Tower TwoTimes Square1 Matheson StreetCauseway BayHong Kong Victoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda Registered OfficeVictoria Place, 5th Floor31 Victoria StreetHamilton HM10Bermuda MUFG Fund Services (Bermuda) Limited4th Floor North Cedar House41 Cedar AvenueHamilton HM12Bermuda Principal Share Registrar and Transfer Office in Bermuda MUFG Fund Services (Bermuda) Limited4th Floor North Cedar House41 Cedar AvenueHamilton HM12Bermuda 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 431 Stock Code431 http://www.irasia.com/listco/hk/greaterchina/index.htm Website http://www.irasia.com/listco/hk/greaterchina/index.htm MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW AND PROSPECT 20236 30 Greater China Financial Holdings Limited (the “Company”)and its subsidiaries (the “Group”) are principally engaged ininvestment holding, industrial property development and loanfinancing operations including the provision of loan financing,financial guarantee services, loan referral and consultancyservices. The segment revenue and results of the Group for thesix months ended 30 June 2023 (the "Period"), together withthe comparative figures for the corresponding period in 2022,are stated in the table below: Note 1:Loan financing I represents the provision of loan financing,financial guarantees, loan referral and consultancy services inHong Kong and Beijing. 2II Note 2:Loan financing II represents the provision of micro-financing,loan referral and consultancy services in Ningbo. Industrial Property Development 48,600271,0008,568,0008,839,000525,000935,000100% Revenue from the segment mainly represents warehouse storageincome generated from warehouse operation. The Group’swarehouse is located in Taicang, Jiangsu Province, the People’sRepublic of China (the “PRC”). It is divided into six units and thetotal area is approximately 48,600 square meters. Revenue fromthe warehouse operation recorded a decrease of approximatelyHK$271,000 to approximately HK$8,568,000 for the Period (30June 2022: approximately HK$8,839,000) due to the exchangerate difference for the Period and last year. The segment profitfor the Period was approximately HK$525,000 (30 June 2022:approximately HK$935,000). The average occupancy rate ofthe Group’s warehouse during the Period was 100% and wasprimarily used as storage of electric power tools and consumerproducts. 95% The Group’s warehouse operation maintained high percentageof occupancy rate during the Period due to the advantageouslocation of its warehouse and long term relationship with thecustomers. The Group’s management anticipates that the Group’swarehouse occupancy can maintain at a rate of over 95% for theyear of 2023. General Trading 26,000,00042,370,0002240,672,000301,000 The Group continued to face challenges in the operation ofliquor trading and no sales revenue was generated duringthe Period. However, during the Period, a subsidiary of theGroup raised a lawsuit in respect of the outstanding depositof RMB26,000,000 and subsequently reached a settlementagreement with the relevant co-operator who agreed to refundthe deposit and compensate the Group with an aggregateamount of approximately RMB42,370,000 which will be settledby instalment in 22 months. As a result, the segment recorded aprofit of approximately HK$40,672,000 for the Period (30 June2022: approximately HK$301,000). I Loan Financing I I8,400,00073,899,00039,482,00046,061,000 The Group’s loan financing I services comprise the provision ofloan financing, financial guarantees, loan referral and consultancyservices in Hong Kong and Beijing. Revenue from the segmentfor the Period was approximately HK$8,400,000 (30 June 2022:approximately HK$73,899,000), resulti