CONTENTS ONTENTS 目錄 CONTENTS | 2 | Corporate Information | 公司資料 | | --- | --- | --- | | 6 | Management Discussion and Analysis | 管理層討論與分析 | | 28 | Other Information | 其他資料 | | 37 | Condensed Consolidated Income Statement | 簡明綜合收益表 | | 39 | Condensed Consolidated Statement of | 簡明綜合全面收益表 | | | Comprehensive Income | | | 41 | Condensed Consolidated Statement of | 簡明綜合財務狀況表 | | | Financial Position | | | 44 | Condensed Consolidated Statement of | 簡明綜合權益變動表 | | | Changes in Equity | | | 47 | Condensed Consolida ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 （於百慕達註冊成立之有限公司） （股份代號：412） 截 至2023年6月30日 止 六 個 月 中 期 業 績 公 告 財務業績 山高控股集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公 司及其附屬公司（統稱為「本集團」）截至2023年6月30日止六個月（「報告期」）之未 經審核中期業績，連同2022年同期（「去年同期」）之比較數字如下： 簡明綜合收益表 截至2023年6月30日止六個月 截至6月30日止六個月 2023年 2022年 千港元 千港元 附註 （未經審核） （未經審核） 收益 4 3,074,206 1,216,778 銷售及服務成本 (1,411,77 6) (535,86 1) ...

山高控股集團有限公司 SHANDONG HI-SPEED HOLDINGS GROUP LIMITED (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) 股份代號 Stock Code：00412 2022 ANNUAL REPORT 年 報 CONTENTS 目錄 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|--------------------------------|-------|-------|------------------------------|-------|-------|-------|-------| | | | | | | | | | | | 2 | Corporate Information | | 134 | Independent Auditor's Report | | | | | | | 公司資料 | | | 獨立核數師報告 | | | | | | 6 | Chairman's Statement | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告 之全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責任。 （於百慕達註冊成立之有限公司） （股份代號：412） 截 至2022年12月31日 止 年 度 之 全 年 業 績 公 告 財務業績 山高控股集團有限公司（前稱中國山東高速金融集團有限公司）（「本公司」或「山 高控股」）之董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公司（統稱為「本 集團」或「集團」）截至2022年12月31日止年度（「報告期」）之綜合業績，連同截至 2021年12月31日止年度（「去年同期」）之比較數字如下： 綜合全面收益表 截至2022年12月31日止年度 2022年 2021年 附註 千港元 千港元 收益 5 4,193,421 1,065,661 銷售及服務成本 (1,931,889) (327,030) 毛利 2,261,532 738,631 ...

山 高 控 股 集 團 有 限 公 司 Shandong Hi-Speed Holdings Group Limited (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) 股份代號 Stock Code : 00412 酮 0 III III III I INTERIM REPORT ２０２２２ 中 期 報 告 CONTENTS 目錄 2 Corporate Information 公司資料 | --- | --- | --- | |-------|------------------------------------------------|----------------------| | | | | | | | | | 6 | Management Discussion and Analysis | 管理層討論與分析 | | 33 | Other Information | 其他資料 | | 40 | Condensed Consolidated Income Statement | 簡明綜合收益表 | | 42 | Co ...

2021 Annual Report CONTENTS 目錄 | 2 | Corporate Information | 公司資料 | | --- | --- | --- | | 6 | Chairman's Statement | 主席報告 | | 13 | Management Discussion and Analysis | 管理層討論與分析 | | 51 | Biography of the Directors and | 董事及高級管理人員簡歷 | | | Senior Management | | | 63 | Report of the Directors | 董事會報告 | | 91 | Corporate Governance Report | 企業管治報告 | | 119 | Independent Auditor's Report | 獨立核數師報告 | | 133 | Consolidated Statement of Comprehensive Income | 綜合全面收益表 | | 135 | Consolidated Statement of Financial Positi ...

Financial Performance - Revenue for the six months ended June 30, 2021, was HK$540.4 million, a decrease from HK$621.5 million in the same period in 2020[8] - Gross profit increased to HK$341.9 million in 2021 from HK$284.3 million in 2020[8] - Net profit attributable to the company's owners was HK$115.4 million in 2021, compared to a loss of HK$65.6 million in 2020[8] - Basic earnings per share were 0.48 HK cents in 2021, compared to a loss of 0.27 HK cents in 2020[8] - Total comprehensive income for the period was HK$244.95 million in 2021, compared to a loss of HK$383.81 million in 2020[10] - The company reported a net loss of 65,645 thousand HKD for the period[14] - Other comprehensive losses for the period amounted to 399,008 thousand HKD[14] - Total comprehensive income for the period was HKD 115,388 thousand, with a total comprehensive income attributable to equity holders of HKD 258,493 thousand[15] - Revenue for the six months ended June 30, 2021, was approximately HK$540.4 million, a decrease of 13.05% compared to HK$621.5 million in the same period last year[148] - Gross profit increased by 20.23% to HK$341.9 million, compared to HK$284.3 million in the previous year[148] - Net profit for the period surged by 337.32% to HK$258.5 million, up from HK$59.1 million in the same period last year[148] - The company's attributable profit turned around to HK$115.4 million, compared to a loss of HK$65.6 million in the previous year[148] - Revenue for the six months ended June 30, 2021, was HK$540.4 million, a decrease from HK$621.5 million in the same period in 2020[198] - Gross profit increased to HK$341.9 million in 2021 from HK$284.3 million in 2020[198] - Net profit attributable to the company's owners was HK$115.4 million in 2021, compared to a loss of HK$65.6 million in 2020[198] - Basic earnings per share were 0.48 HK cents in 2021, compared to a loss of 0.27 HK cents in 2020[198] - Other comprehensive loss for the period was HK$13.5 million in 2021, significantly lower than HK$442.9 million in 2020[200] - Total comprehensive income attributable to the company's owners was HK$97.5 million in 2021, compared to a loss of HK$507.4 million in 2020[200] Financial Assets and Investments - The company's financial assets at fair value through profit or loss recorded a net gain of HK$151.98 million in 2021, up from HK$24.87 million in 2020[8] - The fair value loss included in other comprehensive income that will not be reclassified to profit or loss was HKD 239,065 thousand, and the fair value loss that may be reclassified to profit or loss was HKD 108,072 thousand[19] - The total fair value of financial assets at fair value through other comprehensive income (FVOCI) was HK$5,198.986 million as of June 30, 2021, compared to HK$4,884.539 million as of December 31, 2020[57] - The Group realized a net gain of approximately HK$12.713 million from the sale of the Belt and Road Stable Growth Fund during the six months ended June 30, 2021[61] - The fair value of the sold portion of the Belt and Road Stable Growth Fund at the time of sale was approximately HK$120.487 million[61] - Non-listed equity investments in other regions decreased to HK$257.397 million as of June 30, 2021, from HK$262.961 million as of December 31, 2020[57] - Listed equity investments in Hong Kong decreased to HK$111.684 million as of June 30, 2021, from HK$140.321 million as of December 31, 2020[57] - The Group's investment in the Belt and Road Stable Growth Fund was HK$83.913 million as of June 30, 2021, down from HK$175.930 million as of December 31, 2020[57] - The fair value of financial assets measured at fair value through other comprehensive income increased from HKD 4,884,539 thousand as of December 31, 2020, to HKD 5,198,986 thousand as of June 30, 2021[131] - The fair value of financial assets measured at fair value through profit or loss increased from HKD 5,914,185 thousand as of December 31, 2020, to HKD 6,751,356 thousand as of June 30, 2021[131] - Non-listed equity investments in other regions were valued at HKD 257,397 thousand as of June 30, 2021, compared to HKD 262,961 thousand as of December 31, 2020, with a discount for lack of marketability of 20.0%[133] - Listed equity investments in Hong Kong were valued at HKD 111,684 thousand as of June 30, 2021, compared to HKD 140,321 thousand as of December 31, 2020, using Level 1 inputs[133] - Notes in other regions were valued at HKD 776,278 thousand as of June 30, 2021, compared to HKD 237,476 thousand as of December 31, 2020, using Level 2 inputs[133] - Non-listed bonds in other regions were valued at HKD 779,469 thousand as of June 30, 2021, compared to HKD 899,501 thousand as of December 31, 2020, using Level 3 inputs with a discount rate of 6.63%[133] - Listed bonds in Hong Kong, China, and other regions were valued at HKD 287,715 thousand, HKD 68,180 thousand, and HKD 1,243,147 thousand respectively as of June 30, 2021, using Level 2 inputs[133] - Investment funds in other regions were valued at HKD 83,913 thousand as of June 30, 2021, compared to HKD 175,930 thousand as of December 31, 2020, using Level 2 inputs[133] - The fair value of Haitong Anxin Preferred Tiered Bond Fund decreased to HKD 358,019,000 as of June 30, 2021, from HKD 368,694,000 as of December 31, 2020[68] - SCCS Investment Fund LP's fair value increased to HKD 266,574,000 as of June 30, 2021, from HKD 256,840,000 as of December 31, 2020[68] - Amber Hill ES Fund SPC's fair value slightly increased to HKD 165,655,000 as of June 30, 2021, from HKD 165,435,000 as of December 31, 2020[69] - ABCI China Rising Private Equity 3 SP and CEL Odyssey Project Fund LP's fair value increased to HKD 601,069,000 as of June 30, 2021, from HKD 540,171,000 as of December 31, 2020[70] - The fair value of non-listed equity investments in a Cayman Islands entity engaged in AI development in China increased to HKD 167,172,000 as of June 30, 2021, from HKD 151,530,000 as of December 31, 2020[71] - The fair value of non-listed equity investments in a Chinese limited partnership focused on automotive design and manufacturing increased to HKD 399,682,000 as of June 30, 2021, from HKD 370,159,000 as of December 31, 2020[71] - The unrealized loss on listed equity investments in Hong Kong was HKD 94,884,000 for the six months ended June 30, 2021, compared to a loss of HKD 56,890,000 for the same period in 2020[73] - The realized gain on listed equity investments in Hong Kong was HKD 225,797,000 for the six months ended June 30, 2021, compared to a loss of HKD 21,106,000 for the same period in 2020[75] - The realized gain on other investment funds in other regions was HKD 14,636,000 for the six months ended June 30, 2021, compared to no gain or loss for the same period in 2020[75] - The realized gain on listed bonds in other regions was HKD 16,525,000 for the six months ended June 30, 2021, compared to HKD 6,312,000 for the same period in 2020[75] - The fair value of a financial asset at amortized cost as of June 30, 2021, was approximately HKD 155,256,000, which was used as collateral for other borrowings[76] Segment Performance - The company reclassified its reportable operating segments, splitting the securities investment segment into standard investment and non-standard investment segments, and renaming the lending segment to licensed business segment[27] - The company's reportable segments include standard investment, non-standard investment, licensed business, financial leasing, and fintech, with unallocated segments consolidated under "unallocated"[28] - The company's standard investment segment focuses on investing in listed securities and bonds for interest income, dividend income, and capital appreciation[28] - The company's non-standard investment segment engages in direct investment activities, including debt instruments, unlisted bonds, notes, unlisted equity investments, and investment funds[28] - The company's licensed business segment provides lending services, securities brokerage, asset management, advisory services, and asset trading platforms[28] - The company's financial leasing segment is involved in direct financial leasing and advisory services[28] - The company's fintech segment focuses on online investment, technology-driven lending services, and internet new media services[28] - The company's segment performance is evaluated based on adjusted profit before tax, excluding unallocated income, financing costs, expenses, and share of associates' performance[28] - The company allocated all assets and liabilities to reportable segments, except for corporate assets, deferred tax liabilities, certain borrowings, and other payables and accruals[28] - Standard investment business achieved a pre-tax profit of HKD 188,171,000, an increase of 84.71% compared to the same period last year[153] - Non-standard investment business generated revenue and pre-tax profit of HKD 225,622,000 and HKD 91,559,000 respectively[154] - Licensed business revenue decreased by 71.13% to HKD 43.64 million compared to HKD 151.15 million in the same period last year[155] - Financial leasing business revenue increased by 53.72% to HKD 94.12 million, with pre-tax loss decreasing by 38.75% to HKD 115.65 million[156] - Tech finance business revenue was HKD 18.67 million, down from HKD 63.46 million last year, and the company sold Coastal Silk Limited for HKD 171.14 million, exiting the tech finance business[157] Assets and Liabilities - Total non-current assets decreased from 6,471,950 thousand HKD to 5,875,709 thousand HKD, a decline of 9.2%[12] - Total current assets decreased from 18,494,244 thousand HKD to 16,801,720 thousand HKD, a decline of 9.1%[12] - Total current liabilities decreased from 7,758,594 thousand HKD to 4,032,683 thousand HKD, a significant decline of 48%[12] - Net current assets increased from 10,735,650 thousand HKD to 12,769,037 thousand HKD, an increase of 19%[13] - Total assets minus current liabilities increased from 17,207,600 thousand HKD to 18,644,746 thousand HKD, an increase of 8.3%[13] - Total non-current liabilities increased from 7,550,852 thousand HKD to 8,973,432 thousand HKD, an increase of 18.8%[13] - Equity attributable to owners of the company increased slightly from 2,393,777 thousand HKD to 2,491,312 thousand HKD, an increase of 4.1%[13] - Total equity remained relatively stable, increasing from 9,656,748 thousand HKD to 9,671,314 thousand HKD, a marginal increase of 0.15%[13] - Total assets as of June 30, 2021, were HK$22.68 billion, a decrease from HK$24.97 billion as of December 31, 2020[149] - Net assets increased slightly to HK$9.67 billion, compared to HK$9.66 billion at the end of 2020[149] - Cash and cash equivalents decreased significantly to HK$2.01 billion from HK$5.05 billion at the end of 2020[149] - Total borrowings decreased to HK$12.66 billion from HK$14.83 billion at the end of 2020[149] - Total assets as of June 30, 2021, were approximately HK$22.68 billion, with a net asset value of HK$9.67 billion[166] - The company's debt-to-asset ratio decreased to 55.84% as of June 30, 2021, from 59.40% at the end of 2020[166] - Cash and cash equivalents totaled HK$2.01 billion as of June 30, 2021, representing 8.88% of total assets[167] - Outstanding borrowings included bank loans of HK$3.49 billion, bonds of HK$7.47 billion, and other borrowings of HK$1.70 billion as of June 30, 2021[168] - The company's issued share capital increased by 4.07% to HK$2.49 billion as of June 30, 2021[170] Expenses and Costs - Administrative expenses increased to HK$225.1 million in 2021 from HK$196.3 million in 2020[8] - Finance costs significantly increased to HK$128.19 million in 2021 from HK$1.13 million in 2020[8] - Unallocated expenses increased significantly, with employee benefits rising to HKD 68,897,000 from HKD 38,080,000 year-over-year, while lease payments decreased to HKD 1,188,000 from HKD 6,683,000[30] - Total employee benefit expenses increased to 118,677 thousand HKD from 92,507 thousand HKD in the previous period[42] - Employee costs, including director remuneration, amounted to HK$118.68 million for the reporting period[173] Borrowings and Financing - Total borrowings as of June 30, 2021, were HKD 12,662,127,000, a decrease from HKD 14,829,314,000 as of December 31, 2020[106] - Bank borrowings increased to HKD 3,492,948,000 as of June 30, 2021, from HKD 2,931,344,000 as of December 31, 2020[107] - Unsecured loans guaranteed by Shandong Hi-Speed Group amounted to HKD 2,446,131,000 as of June 30, 2021, up from HKD 2,044,256,000 as of December 31, 2020[107] - The company had two secured loans as of June 30, 2021: (i) a loan guaranteed by the company with a book value of approximately HKD 23,306,000 (secured by financing lease receivables of approximately HKD 19,032,000), and (ii) a loan guaranteed by a subsidiary with a book value of approximately HKD 126,281,000 (secured by financing lease receivables of approximately HKD 180,345,000)[108] - As of June 30, 2021, the company's bonds included: (i) a 3.80% bond maturing in 2021 with a value of HKD 1,168,616,000, (ii) a 3.95% bond maturing in 2022 with a value of HKD 3,944,398,000, (iii) a 3.95% bond maturing in 2024 with a value of HKD 1,558,774,000, and (iv) a 4.30% bond maturing in 2029 with a value of HKD 789,996,000[109] - The total bond value as of June 30, 2021, was HKD 7,472,284,000, compared to HKD 11,348,620,000 as of December 31, 2020, reflecting a decrease due to repayments and interest payments[110] - Coastal Emerald Limited issued a 3.80% guaranteed bond (3.80% Guaranteed Bond-I) with a principal amount of USD 800,000,000, which matured on June 1, 2021, and was fully repaid during the six months ended June 30, 2021[111] - Coastal Emerald issued a 3.95% guaranteed bond (3.95% Guaranteed Bond-II) with a principal amount of USD 200,000,000 on May 24, 2021, maturing on May 24, 2024, and guaranteed by the company[112] - As of June 30, 2021, the group had six outstanding other borrowings, including a USD 15,000,000 loan secured by financial assets at fair value through other comprehensive income (FVOCI) of approximately USD 30,000,000, with an annual interest rate of 3.50% and due for repayment by June 28, 2022[113] - The company had three outstanding other borrowings totaling approximately $70.86 million (equivalent to approximately HK$549.35 million) as of December 31

中國山東高速金融集團有限公司 CHINA SHANDONG HI-SPEED FINANCIAL GROUP LIMITED (於百慕達註冊成立之有限公司) 股份代號：00412 年報 目錄 目錄 2 公司資料 | --- | --- | |-------|------------------------| | | | | | | | | 主席報告 | | | 管理層討論與分析 | | 27 | 董事及高級管理人員簡歷 | | 32 | 董事會報告 | | 50 | 企業管治報告 | | 71 | 獨立核數師報告 | | 78 | 綜合全面收益表 | | 80 | 綜合財務狀況表 | | 82 | 綜合權益變動表 | | 84 | 綜合現金流量表 | | 86 | 綜合財務報表附註 | | 244 | 五年財務概要 | 中國山東高速金融集團有限公司 1 公司資料 公司資料 董事會 執行董事兼主席 王小東先生 執行董事兼副主席 劉涵先生 執行董事 劉紅輝先生 劉志杰先生 劉堯先生 非執行董事 梁占海先生 陳滌先生 高貴成先生 獨立非執行董事 關浣非先生 陳維曦先生 譚岳鑫先生 Jonathan Jun Yan先 ...

股份代號：00412 （於百慕達註冊成立之有限公司） 年報2019 目錄 arm 目錄 | --- | --- | |-------|------------------------| | | | | 2 | 公司資料 | | 5 | 主席報告 | | 7 | 管理層討論與分析 | | 16 | 董事及高級管理人員簡歷 | | 22 | 董事會報告 | | 39 | 企業管治報告 | | 57 | 獨立核數師報告 | | 65 | 綜合收益表 | | 66 | 綜合全面收益表 | | 67 | 綜合財務狀況表 | | 69 | 綜合權益變動表 | | 71 | 綜合現金流量表 | | 73 | 綜合財務報表附註 | | 228 | 五年財務概要 | 中國山東高速金融集團有限公司 1 公司資料 公司資料 林家禮博士 邱劍陽先生 盧文端先生 獨立非執行董事 薪酬委員會 張榮平先生（主席） 杜成泉先生 廖劍蓉女士 劉志杰先生 譚岳鑫先生 董事會 執行董事兼主席 王小東先生 執行董事兼副主席 劉涵先生 執行董事 廖劍蓉女士 劉志杰先生 劉堯先生 非執行董事 杜成泉先生 張榮平先生 關浣非先生 譚岳鑫先生 審核委員會 ...