Business Performance - G-Resources maintained stable business development and strengthened market position despite geopolitical challenges and trade disputes in 2024[16]. - The financial services business achieved a net profit during the year, benefiting from a resurgence in investor confidence and increased market activity in the securities markets of Mainland China, Hong Kong, and the United States[18]. - The revival of initial public offerings (IPOs) in Hong Kong positively impacted G-Resources' business, with a focus on enhancing service quality for individual and institutional clients[18]. - The principal investment business evaluated existing investment portfolios and identified new opportunities to enhance overall profitability amid improving global economic conditions[19]. - The real property business generated positive cash flow from property investments in Canada and actively explored high-quality investment opportunities in regions including the Greater Bay Area, North America, and Europe[24]. - G-Resources plans to further diversify its property portfolio geographically to capitalize on strategic investment opportunities[24]. - The company remains optimistic about the Hong Kong securities market in 2025, citing its strategic location and ties with Mainland China as key factors attracting investors[18]. - G-Resources aims to strengthen its competitive edge and optimize resources to reinforce its position as a leading integrated financial services provider[18]. - The company is committed to capitalizing on suitable investment opportunities that drive growth and returns in its principal investment business[19]. - G-Resources' management team is focused on improving service quality and maintaining strong client relationships to support business growth[18]. Financial Overview - The company reported a significant increase in revenue, achieving a total of $1.2 billion, representing a 15% year-over-year growth[59]. - Revenue for the Year was USD37.9 million, a decrease of USD51.1 million compared to USD89.1 million in 2023, primarily due to reduced dividend and distribution income from financial products[66]. - Profit for the Year increased to USD47.6 million from USD7.1 million in 2023, driven by a turnaround in the fair value of financial assets and investments in perpetual notes at FVTPL, amounting to USD105.8 million[62]. - Other income for the Year was USD28.3 million, up from USD25.1 million in 2023, mainly attributed to interest income from fixed income investments[67]. - Administrative expenses decreased to USD7.3 million from USD7.5 million in 2023, reflecting effective cost control measures[70]. - The fair value of investment properties decreased by USD6.4 million during the Year, indicating a decline in Hong Kong commercial property prices[68]. - The Group's total assets as of December 31, 2024, were USD1,615.5 million, an increase from USD1,568.2 million in 2023, representing a growth of 3.0%[111]. - Current assets increased to USD880.4 million in 2024 from USD824.7 million in 2023, reflecting an increase of USD55.7 million[112]. - Net assets rose to USD1,581.5 million as of December 31, 2024, up by USD44.6 million from USD1,537.0 million in 2023, primarily due to a profit of USD47.6 million[113]. Investment Strategy - The Group is diversifying its investment portfolio, having invested in funds, bonds, and both listed and unlisted equity investments during the year[33]. - The Group's principal investment business aims to identify opportunities across various industries for better risk-weighted returns[32]. - The Group has established a more stringent risk control and management system to minimize risk exposure, including optimized loan approval and monitoring procedures[89][92]. - The Group had no bad debts during the year, reflecting effective risk management practices[91][93]. - The Group's investment portfolio consists of a diversified mix of funds, bonds, and both listed and unlisted equity investments, with periodic reviews to identify suitable investment opportunities[146]. - The Group aims to enhance its financial services, focusing on securities trading, margin financing, asset management, and corporate finance advisory, leveraging competitive commission rates and high-quality services[137]. Market Outlook - The Group is well-positioned to capitalize on a favorable business environment in 2025, supported by measures from the Chinese government to stimulate economic growth, including interest rate cuts and reductions in the reserve requirement ratio[138]. - The Hang Seng Index has shown a significant increase, indicating a resurgence in investor confidence and market activity, with the Hong Kong IPO market expected to continue improving into 2025[138]. - The Group plans to actively promote its IPO margin financing business, utilizing its existing client base and strengthening relationships with brokerage firms to drive growth in this segment[139]. - The Group will prioritize expanding its high-quality client base and enhancing relationships with major institutional clients through tailored financial products and services[144]. Operational Efficiency - Cost management strategies have led to a 5% reduction in operational expenses, improving overall profitability[59]. - The Group's cash and cash equivalents increased by USD133.3 million to USD263.6 million in 2024[111]. - The net cash generated from operating activities for 2024 was USD 22.9 million, primarily from a profit of USD 47.6 million, adjusted for non-cash and non-operating items of USD 46.7 million, and interest received of USD 25.3 million[118]. - The net cash generated from investing activities was USD 113.3 million, including interest received from bank deposits of USD 21.5 million and withdrawals of time deposits of USD 128.3 million, partially offset by net cash outflows for investments of USD 36.5 million[118]. Human Resources - As of December 31, 2024, the Group had 41 employees in Hong Kong, with competitive remuneration packages based on performance[152]. - The Group employed 41 staff members, with competitive compensation packages including salary, medical plans, group insurance, mandatory provident fund, and performance bonuses[155]. Corporate Governance - The Company has proposed a final dividend of HKD0.12 per share for the Year, consistent with the previous year[161]. - The Directors' service contracts for Mr. Chen Gong and Mr. Martin Que Meideng are for three years, commencing from June 22, 2022[180]. - There were no transactions, arrangements, or contracts of significance involving Directors or connected entities during the year[200].

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was $37,914,000, a decrease of 57.5% compared to $89,059,000 in the previous year[3]. - The net profit for the year was $47,551,000, significantly up from $7,087,000 in the previous year, representing a 572.5% increase[3]. - Basic and diluted earnings per share increased to 10.54 cents from 1.58 cents, marking a growth of 567.1%[3]. - The pre-tax profit for the year ended December 31, 2024, was $47,558,000, a significant increase from $7,087,000 in 2023, reflecting a growth of approximately 572%[6]. - The company reported a significant increase in interest income, totaling $25,293,000 in 2024, up from $19,678,000 in 2023, which is an increase of about 28%[6]. - The company reported a net foreign exchange loss of $2,503,000 in 2024, compared to a gain of $1,239,000 in 2023[28]. - The company reported an EBITDA of $48.2 million, significantly higher than $7.8 million in the previous year[45]. Assets and Liabilities - The total assets as of December 31, 2024, were $1,581,868,000, an increase from $1,537,294,000 in the previous year[5]. - The company’s equity attributable to owners increased to $1,581,357,000 from $1,536,795,000, a rise of 2.9%[5]. - The total assets classified as non-current financial assets measured at fair value increased to $408,118,000 in 2024 from $324,361,000 in 2023, reflecting a growth of about 26%[31]. - The company’s classified liabilities totaled $33,594,000 as of December 31, 2024, compared to $30,977,000 in the previous year, indicating an increase of approximately 5.2%[17]. - The group had no outstanding bank borrowings as of December 31, 2024, resulting in a capital debt ratio of zero[64]. Cash Flow - The net cash generated from operating activities decreased to $22,888,000 in 2024 from $71,115,000 in 2023, representing a decline of about 68.7%[6]. - The net cash used in investing activities improved to $113,344,000 in 2024 compared to a cash outflow of $785,108,000 in 2023, indicating a positive turnaround[6]. - Cash and cash equivalents rose to $263,618,000 from $130,308,000, reflecting a 102.1% increase[5]. - Cash and cash equivalents at the end of 2024 increased to $263,618,000 from $130,308,000 in 2023, marking a growth of approximately 102%[6]. Investment and Revenue Segments - The company has three operational business units: financial services, proprietary investment, and real estate, maintaining the same structure as in 2023[13]. - Total revenue from financial products decreased to $28,149,000 in 2024 from $29,939,000 in 2023, representing a decline of approximately 6%[23]. - Dividend income from financial products significantly dropped to $7,450,000 in 2024 from $56,711,000 in 2023, a decrease of about 87%[23]. - The financial services segment generated a profit of $5.2 million, down from $11.0 million in 2023, mainly due to goodwill impairment losses of $7.6 million[51]. - The self-investment business recorded a profit of $56.0 million, a significant recovery from a loss of $3.6 million in 2023[57]. Goodwill and Impairment - The company recognized a goodwill impairment loss of $7,604,000 during the year[3]. - The company recorded a goodwill impairment loss of $7,604,000 for the fiscal year ending December 31, 2024[14]. Dividends - The company declared a final dividend of HKD 0.12 per share for the fiscal year ending December 31, 2024, totaling approximately $6,935,000, consistent with the previous year's dividend[29]. - The proposed final dividend for the fiscal year ending December 31, 2024, is HKD 0.12 per share, unchanged from 2023[43]. - The company plans to distribute the proposed final dividend on July 17, 2025, pending shareholder approval[44]. Regulatory and Governance - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that are not yet effective, indicating a cautious approach to regulatory changes[9]. - The company has adopted and complied with the Corporate Governance Code as outlined in the Listing Rules Appendix C1[82]. - The audit committee, consisting of independent non-executive directors, has reviewed the audited consolidated financial statements for the year[83]. - The financial statements have been audited by Deloitte Touche Tohmatsu, confirming the accuracy of the reported figures[84]. Future Outlook and Strategy - The company plans to focus on its core financial services, including securities trading and brokerage, with a competitive commission rate and strong customer loyalty expected to drive sustainable growth[73]. - The company is prepared to capitalize on the recovering IPO market in 2025, leveraging existing customer relationships to enhance its underwriting business[74]. - The company aims to diversify its lending products, including commercial financing and specialized lending solutions, to explore new growth opportunities in the lending sector[75]. - The asset management business will prioritize tailored investment management services for high-net-worth clients to enhance brand recognition and market reputation[76]. - The company is actively seeking investment opportunities in high-end commercial properties and other real estate with strong future capital appreciation potential[76]. - The company aims to leverage global market recovery opportunities through balanced and prudent asset allocation strategies as it approaches 2025[77]. Employee and Operational Metrics - As of December 31, 2024, the company employed 41 staff members in Hong Kong, offering competitive compensation and performance-based remuneration[78]. - The total employee costs amounted to $4,725,000 in 2024, slightly down from $4,778,000 in 2023[28]. Miscellaneous - The group reported no bad debts for the year[56]. - There have been no significant events reported by the board after December 31, 2024, up to the date of this announcement[79]. - The company and its subsidiaries did not repurchase, sell, or redeem any of its listed securities during the year[80].

3月27日，截至港股收盘，恒生指数上涨0.41%，报23578.8点。国际资源（01051.HK）收报4.5港元/ 股，上涨12.5%，成交量286.45万股，成交额1331.32万港元，振幅34.0%。 最近一个月来，国际资源累计涨幅8.7%，今年来累计涨幅29.87%，跑赢恒生指数17.07%的涨幅。 财务数据显示，截至2024年6月30日，国际资源实现营业总收入1.29亿元，同比增长11.79%；归母净利 润2.88亿元，同比增长855.03%；资产负债率2.81%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，其他金融行业市盈率（TTM）平均值为1.27倍，行业中值-0.21倍。国际资源市盈率4.37 倍，行业排名第7位；其他东方汇财证券（08001.HK）为1.93倍、维信金科（02003.HK）为3.36倍、香 港信贷（01273.HK）为3.4倍、国银金租（01606.HK）为3.42倍、中关村科技租赁（01601.HK）为3.67 倍。 资料显示，国际资源集团有限公司为一间专注于金融服务业务、放债业务、自营投资业务及房地产业务 的公司,于香港联合交易所上市(股份代号:10 ...

Financial Performance - G-Resources reported a significant increase in revenue, achieving a total of $150 million for the first half of 2024, representing a 25% growth compared to the same period last year[9]. - The company’s net profit for the first half of 2024 was $30 million, which is a 15% increase year-over-year[9]. - G-Resources has outlined a future outlook with a revenue guidance of $320 million for the full year 2024, indicating a 20% growth target[9]. - Revenue for the six months ended June 30, 2024, increased to USD 18,154,000, up from USD 16,240,000 in 2023, representing a growth of 11.8%[27]. - Profit before taxation for the period was USD 40,348,000, compared to a loss of USD 5,337,000 in 2023[27]. - For the six months ended 30 June 2024, the Group reported a net profit after taxation of USD 40.3 million, a turnaround from a net loss of USD 5.3 million in the same period of 2023[29]. - Total comprehensive income for the period was USD 41,955,000, compared to a loss of USD 10,380,000 in 2023[105]. - Profit attributable to owners of the Company for the period was USD 40,349,000, a significant recovery from a loss of USD 5,344,000 in the same period last year[133]. User Growth and Market Expansion - User data showed a 40% increase in active clients, reaching 200,000 users by the end of June 2024[9]. - G-Resources plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2025[9]. - The Group's financial services business focuses on securities trading, margin financing, money lending, and asset management, primarily in the Hong Kong market[35]. Technology and Innovation - The company is investing $10 million in new technology development aimed at enhancing its financial services platform[9]. - G-Resources aims to improve operational efficiency by implementing AI-driven analytics in its financial services by the end of 2024[9]. - G-Resources has launched a new mobile application that has already garnered 50,000 downloads within the first month of release[9]. Management and Governance - The Group's management team includes directors with extensive backgrounds in various financial sectors, enhancing strategic decision-making capabilities[17][19][20][23]. - G-Resources emphasized its commitment to transparency and governance, with plans to publish quarterly performance reports moving forward[9]. - The Audit Committee, comprising three independent non-executive Directors, reviewed the interim report for the six months ended June 30, 2024[101]. Financial Services and Investments - The Financial Services Business generated external revenue of USD 932,000, up from USD 869,000 in 2023, reflecting a growth of 7.2%[27]. - The Principal Investment Business saw external revenue increase to USD 16,136,000, compared to USD 14,646,000 in 2023, an increase of 10.2%[27]. - The Group's investments in unlisted investment funds rose to USD 307.3 million as of June 30, 2024, compared to USD 262.0 million as of December 31, 2023[49]. - The Group invested USD 66.8 million in unlisted financial assets during the six months ended June 30, 2024, primarily for capital commitments and acquisition of listed equity investments[45]. Risk Management - The Group maintained a stringent risk control and management system, including periodic reviews of collateral value and stress testing on borrowers' repayment ability[41]. - The Group has ceased providing unsecured loans since Q2 2019, focusing on secured and mortgaged loans to minimize credit risk[41]. - The Group had no bad debts during the period, reflecting its prudent credit risk management approach[44]. Cash Flow and Liquidity - Net cash generated from operating activities for the six months ended June 30, 2024, was USD 6.4 million, down from USD 12.2 million in the same period of 2023[61]. - Cash and cash equivalents decreased to USD 80.3 million as of June 30, 2024, from USD 130.3 million as of December 31, 2023, reflecting a net decrease of USD 51.9 million[61]. - Net cash used in investing activities was USD 58.3 million, which included net cash outflows for investments of USD 23.0 million and placing of bank deposits of USD 52.5 million[61]. Shareholder Information - The Board does not recommend the proposal and payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year where no dividend was declared[98]. - The final dividend declared for the six months ended June 30, 2024, was approximately USD 6,918,000, consistent with the previous year's dividend of USD 6,901,000[128]. - Elvin Alan Ortiz Espinosa and Sprout Wings Limited each hold a 28.38% interest in the Company, with 127,939,100 shares[87]. Market Outlook - The Group is well-positioned to capitalize on the favorable business and investment environment in the latter half of 2024, with a steady recovery in the global economy and trade activities[70]. - The Hong Kong IPO market, which was sluggish in 2023, is expected to gradually improve throughout 2024 due to supportive measures from the Hong Kong government, including tax incentives and regulatory reforms[71]. - The Group plans to actively promote its IPO margin financing business, leveraging its existing client base and expanding relationships with brokerage firms to drive growth in this segment[72]. Asset Management - The Group's total assets increased to USD 1,617.4 million as of June 30, 2024, from USD 1,568.2 million as of December 31, 2023[58]. - The fair value of listed shares held by the Group increased to USD 63.9 million as of June 30, 2024, up from USD 36.8 million as of December 31, 2023[49]. - The Group's rental income from commercial office premises was USD 0.7 million for the six months ended June 30, 2024, remaining stable compared to the same period in 2023[52].

Financial Performance - The company reported a revenue of $18,154,000 for the six months ended June 30, 2024, representing an increase of 11.8% compared to $16,240,000 in the same period of 2023[1]. - Interest income rose to $14,725,000, up from $13,609,000, reflecting an increase of 8.2% year-over-year[1]. - The company achieved a pre-tax profit of $40,348,000, a significant recovery from a loss of $5,337,000 in the previous year[1]. - Basic and diluted earnings per share improved to 8.95 cents, compared to a loss of 1.19 cents per share in the same period last year[1]. - Total comprehensive income for the period was $41,955,000, compared to a loss of $10,380,000 in the prior year, indicating a strong turnaround[3]. - The group reported a net profit after tax of $40.3 million for the six months ended June 30, 2024, compared to a net loss of $5.3 million for the same period last year[37]. - Revenue for the six months ended June 30, 2024, was $18.2 million, an increase of 5.8% from $16.2 million for the same period last year[37]. - Other income for the same period was $14.4 million, up from $12.2 million, primarily due to interest income from fixed income investments[37]. - The group reported a significant increase in fair value gains on financial assets and perpetual securities of $45.3 million compared to the previous year[37]. - The group’s EBITDA for the six months ended June 30, 2024, was $40.7 million, a significant recovery from a loss of $4.9 million in the same period last year[36]. Assets and Liabilities - Non-current assets increased to $818,793,000 as of June 30, 2024, up from $743,574,000 at the end of 2023[4]. - Total assets as of June 30, 2024, amounted to 1,617,403 thousand USD, with classified assets contributing 1,588,900 thousand USD[15]. - The company held debt instruments measured at amortized cost amounting to USD 59,307,000 classified as non-current assets as of June 30, 2024, down from USD 82,972,000 as of December 31, 2023[22]. - The group’s total liabilities increased from 31,279 thousand USD as of December 31, 2023, to 45,402 thousand USD as of June 30, 2024[15]. - The group’s classified liabilities totaled 38,347 thousand USD as of June 30, 2024, with classified liabilities in the financial services segment at 37,875 thousand USD[15]. - The fair value of receivables from securities trading increased to $24,403,000 as of June 30, 2024, from $39,888,000 as of December 31, 2023, indicating a decrease of approximately 38.9%[29]. - The fair value of collateral for receivables from clients was $42,296,000 as of June 30, 2024, down from $64,346,000 as of December 31, 2023, reflecting a decrease of approximately 34.3%[30]. - The group’s liabilities from securities trading amounted to $38,148,000 as of June 30, 2024, compared to $30,949,000 as of December 31, 2023[34]. Cash Flow - Cash and cash equivalents decreased to $80,321,000 from $130,308,000, reflecting a net decrease of $51,880,000 during the period[5]. - The company reported a net cash outflow from operating activities of $3,464,000, compared to a cash inflow of $2,357,000 in the previous year[5]. - Cash and cash equivalents decreased to $80.3 million as of June 30, 2024, from $130.3 million at the end of 2023, with a net cash outflow from operating activities of $51.9 million[51]. Investments - The fair value of financial assets measured at fair value through profit or loss increased to $403,033,000 from $324,361,000[4]. - The company’s non-listed investment fund increased to USD 307,284,000 as of June 30, 2024, from USD 261,999,000 as of December 31, 2023[22]. - The group holds six non-listed equity investments with a book value of $52,941,000 as of June 30, 2024, slightly down from $53,398,000 as of December 31, 2023[26]. - The group’s investments in non-listed private equity funds are concentrated in technology, media, telecommunications, healthcare, and environmental sectors, with five out of thirteen funds accounting for approximately 77% of the total book value[25]. - The group recorded a profit of $35.5 million from proprietary investment operations for the six months ended June 30, 2024, a significant recovery from a loss of $12.4 million in the same period in 2023[44]. Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.12 per share for the year ended December 31, 2023, amounting to approximately USD 6,918,000 (equivalent to about HKD 54,098,000) for the six months ended June 30, 2024[19]. - The group did not recommend the declaration and payment of an interim dividend for the six months ended June 30, 2024[35]. Corporate Governance and Compliance - The company has adopted and complied with the Corporate Governance Code as per the listing rules, ensuring adherence to applicable governance standards[61]. - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules appendix C3, confirming compliance by all directors until June 30, 2024[62]. - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and practices adopted by the group, discussing audit, internal control, and financial reporting matters[63]. - The interim report for the six months ending June 30, 2024, has been reviewed by the audit committee and will be sent to shareholders by September 30, 2024[64]. Future Outlook and Strategy - The company plans to optimize resource allocation and enhance business performance in the second half of 2024, aiming for higher returns and value[56]. - The financial services segment will focus on securities trading, brokerage, margin financing, asset management, and corporate finance consulting, leveraging competitive commission rates and quality service[56]. - The company anticipates a gradual improvement in the IPO market in 2024, driven by government support measures including tax incentives and regulatory reforms[56]. - The company aims to diversify its lending business, including commercial financing and specialized lending solutions for various industries[57]. - The asset management business will enhance its product offerings by providing tailored discretionary investment management services to high-net-worth clients[57]. - The company is actively seeking investment opportunities in high-quality commercial properties and other real estate, with a focus on stable income and long-term capital appreciation[57].

Financial Performance - The Group recorded a net profit in the financial services business despite a challenging year in 2023, with ongoing geopolitical issues and tightening monetary policies impacting investor sentiment [4]. - G-Resources reported a net profit for the financial services business despite a challenging environment, with ongoing geopolitical issues and tightening monetary policies impacting the Hong Kong securities market [23]. - The Group reported a profit of USD 7.1 million for the year, a significant turnaround from a loss of USD 89.4 million in 2022, primarily due to a revenue increase of USD 62.2 million [69]. - Other income for the year amounted to USD 25.1 million, up from USD 9.1 million in 2022, mainly driven by interest income from fixed income investments of USD 24.6 million [74]. - Administrative expenses decreased significantly to USD 7.5 million, down USD 3.4 million from USD 10.9 million in the previous year, attributed to effective cost control measures [73]. - The Group experienced a decrease in fair value losses of financial assets and investments in perpetual notes at fair value through profit or loss by USD 6.1 million [69]. - The significant increase in income from fixed income investments was USD 15.4 million compared to the previous year [69]. - The Group's financial services revenue primarily consists of commission income, interest income from margin financing, and asset management fees [85]. - Segment results for the year were USD 11.0 million, a significant increase from USD 1.8 million in 2022, mainly driven by other income [85]. - The Group's cash balance as of December 31, 2023, was USD 130.3 million, a decrease from USD 854.3 million in 2022 [151]. Investment Strategy - The Group's principal investment business continues to review its existing investment portfolio amid global political and economic uncertainties, with a focus on identifying beneficial investment opportunities to enhance overall profitability [7]. - The Group is diversifying its proprietary investment portfolio, investing in funds, bonds, and equity investments, including both listed and unlisted entities [52]. - The Group's principal investment business focuses on generating profit from interest, dividend, and distribution income while exploring various fixed income investment portfolios [64]. - The Group continues to review its business and investment strategies in response to financial needs and changing market conditions [64]. - The Group is actively seeking investment opportunities in quality commercial properties, particularly in Hong Kong and regions like the Greater Bay Area, North America, and Europe [144]. - The Group invested in a quality commercial property in Canada, expected to generate stable income and long-term capital appreciation [144]. - The investment portfolio comprises diversified investments in funds, bonds, and equity investments, with periodic reviews to identify suitable opportunities [187]. Market Outlook - The Hong Kong IPO market is expected to gradually resume in 2024, enhancing liquidity and positively impacting the overall financial market, supported by government measures such as tax incentives and regulatory reforms [6]. - The Group anticipates that the recovery of the global economy and trade activities will stimulate economic activities and facilitate cross-border transactions in 2024 [6]. - The group anticipates a positive business environment in 2024, driven by the recovery of the global economy and the reopening of the China-Hong Kong border [181]. - The IPO market in Hong Kong is expected to gradually improve in 2024 due to government measures, including tax incentives and regulatory reforms [181]. Risk Management - The geopolitical tensions and supply chain disruptions have created uncertainties in the macroeconomic environment, affecting the Group's investment strategies [9]. - The Group has implemented a more stringent risk control and management system, optimizing loan approval and monitoring procedures to minimize risk exposure [115]. - The Group has ceased offering unsecured loans since Q2 2019, focusing on secured and mortgaged loans to mitigate credit risk [88]. - The Group had no bad debts during the year, indicating effective risk management in its lending operations [117]. Business Development - The Group aims to strengthen its business competitiveness, optimize resource allocation, and enhance service quality in response to improving economic conditions anticipated in 2024 [6]. - The Group aims to diversify into new lines of business to meet evolving customer needs and expand its high-quality client base [85]. - The management team is leveraging established securities trading infrastructure and strong client loyalty to enhance margin financing and asset management services [85]. - The Group's financial services business will focus on key areas such as securities trading, brokerage, margin financing, asset management, and corporate finance advisory services, aiming to maintain strong client loyalty and stable growth [198]. Operational Efficiency - The Group's management team is experienced and professional, continuously assessing investment opportunities to elevate overall returns [7]. - The Group's cash and cash equivalents decreased to USD 130.3 million from USD 854.3 million at the beginning of the year, reflecting a net decrease of USD 722.1 million [130]. - The Group's total assets as of December 31, 2023, were USD 1,568.2 million, down from USD 1,600.3 million in 2022 [127]. - The Group's gearing ratio was nil as of December 31, 2023, indicating no outstanding bank borrowings [150]. - The Group's non-cash financial assets totaled USD 485.9 million as of December 31, 2023 [122]. Employee and Corporate Governance - As of December 31, 2023, the Group employed 42 staff members in Hong Kong, offering competitive compensation and performance-based incentives [193]. - The management team has expressed gratitude to shareholders for their ongoing support and aims for further development and achievements [48].

Financial Performance - Revenue for 2023 reached $89.1 million, a significant increase of 62.2 million compared to $26.9 million in 2022[48] - The company reported a profit of $7.1 million for 2023, reversing from a loss of $89.4 million in 2022[48] - The group reported external revenue of $89,059 thousand for the year ended December 31, 2023, compared to $26,873 thousand in the previous year, representing a significant increase[156] - The total comprehensive income for the year was 4,934 thousand USD, compared to a loss of 89,631 thousand USD in the prior year[138] - The company reported a pre-tax profit of $7,087 thousand for 2023, a significant recovery from a loss of $89,434 thousand in 2022[140] Investment Activities - The group held non-listed private equity fund investments with a total book value of $53,398,000 in 2023, up from $36,966,000 in 2022[16] - The group invested $62.3 million in unlisted financial assets, primarily in unlisted investment funds and equity investments[60] - The company committed $30 million to subscribe for 30 million units in the Sixty Degree Capital Fund III, focusing on long-term capital appreciation in healthcare and technology sectors[102] - The group invested in three non-listed hedge funds with a total value of $5,048,000 as of December 31, 2023, down from ten funds valued at $60,521,000 in 2022[200] - The fair value of non-listed private equity funds held by the company was $256,951,000, down from $290,247,000 in the previous year[198] Revenue Sources - Interest income from bank deposits totaled $8,608,000 in 2023, compared to $4,860,000 in 2022, representing a significant increase[4] - Other income for the year was $25.1 million, a substantial increase from $9.1 million in 2022, primarily driven by interest income from fixed income investments[30] - The company reported a foreign exchange loss of $1,851 thousand in 2023, compared to a gain of $2,370 thousand in 2022[140] - Total revenue for 2023 was $29,939 thousand in interest income, $56,711 thousand in dividend income, and $957 thousand in commission income, compared to $13,930 thousand, $10,107 thousand, and $1,388 thousand respectively in 2022[144] Expenses and Costs - Total employee costs for 2023 amounted to $4,778,000, a decrease of 16.4% compared to $5,716,000 in 2022[7] - Administrative expenses decreased to $7.5 million from $10.9 million in the previous year, attributed to effective cost control measures implemented by the company[32] - The expected credit loss on financial assets was $2,643,000 in 2023, compared to $1,904,000 in 2022, indicating an increase in credit risk[4] - The expected credit loss provision for outstanding receivables was $18,000, a significant reduction from $897,000 in 2022, indicating improved credit quality[41] Asset Management - The group’s non-current assets increased to $743.6 million in 2023 from $593.7 million in 2022, a rise of $149.9 million, mainly due to an increase in long-term deposits amounting to $200.0 million[95] - The group’s total equity attributable to owners was $1,536.8 million, with no significant changes in capital structure since June 30, 2023[98] - The group maintained a capital-to-debt ratio of zero as of December 31, 2023, with no outstanding bank borrowings[97] - The group’s cash and cash equivalents decreased by $722.1 million in 2023, compared to a decrease of $48.9 million in 2022[96] Market and Strategic Focus - The company plans to maintain a cautious approach in its investment strategy, focusing on fixed income assets to provide a safety net for its overall investment portfolio[33] - The company aims to optimize existing product offerings while actively seeking new opportunities to expand its quality customer base[56] - The group is actively seeking investment opportunities in high-end commercial properties in Hong Kong and other regions, including North America and Europe, following the lifting of travel restrictions[93] - The group plans to explore new business opportunities and maintain a low credit risk level while closely monitoring the market as global economic activities and consumer spending grow[122] Dividends and Shareholder Returns - The proposed final dividend for the fiscal year ending December 31, 2023, is $0.12 per share, consistent with the previous year[26] - The company paid dividends of $6,901 thousand to shareholders in 2023, slightly down from $6,913 thousand in 2022[140] Employee and Corporate Governance - As of December 31, 2023, the group employed 42 staff members, offering competitive compensation and benefits, including salaries, medical plans, group insurance, and performance bonuses[125] - The company has adopted and complied with all applicable codes of corporate governance as per the listing rules[114]

Financial Performance - For the six months ended June 30, 2023, the company reported total revenue of $16,240,000, an increase of 52.0% compared to $10,631,000 for the same period in 2022[15]. - Interest income for the same period was $13,609,000, up 3.3 times from $3,991,000 in the previous year[15]. - The company recorded a loss before tax of $5,337,000, significantly improved from a loss of $64,593,000 in the prior year[15]. - The basic and diluted loss per share was $1.19, compared to a loss of $14.37 per share in the same period last year[15]. - Other comprehensive expenses totaled $10,380,000, a decrease from $71,103,000 in the previous year, indicating improved financial performance[17]. - The company reported a net loss after tax of $5.34 million for the six months ended June 30, 2023, a substantial decrease of $59.26 million compared to a net loss of $64.60 million for the same period in 2022[143]. - The fair value loss on financial assets and perpetual securities decreased to $32.52 million from $70.73 million year-over-year, indicating improved performance in this area[143]. Assets and Liabilities - As of June 30, 2023, total assets amounted to $1,521,650,000, a decrease from $1,540,131,000 as of December 31, 2022, representing a decline of approximately 1.4%[19]. - Current assets decreased significantly to $964,398,000 from $1,006,591,000, reflecting a decline of approximately 4.2%[19]. - Cash and cash equivalents dropped to $474,514,000 from $854,253,000, a decrease of around 44.4%[19]. - The company reported a total equity of $1,521,650,000, down from $1,540,131,000, indicating a decline of approximately 1.2%[19]. - The total liabilities as of June 30, 2023, were $45,948,000, down from $60,140,000 as of December 31, 2022, reflecting a reduction of 23.5%[43]. Cash Flow - Cash generated from operating activities decreased to $12,236 thousand in 2023 from $13,983 thousand in 2022, a decline of approximately 12.5%[26]. - Net cash used in investing activities significantly increased to $(386,735) thousand in 2023 compared to $(45,485) thousand in 2022, representing a rise of over 750%[26]. - The total cash and cash equivalents decreased by $375,699 thousand, compared to a decrease of $31,482 thousand in the same period last year[138]. - The net cash outflow of $(386.7) million from investing activities for the six months ended June 30, 2023, primarily due to cash outflows for investments and bank deposits[169]. Expenses and Cost Control - Administrative expenses decreased to $4,321,000 from $6,787,000, reflecting cost control measures[15]. - The company’s self-investment business generated $14.65 million in revenue, up from $8.49 million in the previous year, showing an increase of approximately 72.5%[142]. - The company experienced a foreign exchange loss of $0.30 million, primarily due to changes in exchange rates at the end of the period[146]. Investment Activities - The company has allocated about 40% of its financial assets to fixed income investments, balancing between bond investments and cash investments to mitigate market volatility[151]. - The company is actively seeking high-quality commercial properties for investment opportunities in Hong Kong and other countries[165]. - The company entered into a limited partnership agreement to invest $32.0 million in the Range 22 Fund, focusing on the global healthcare sector[175]. - The company has invested $30 million (approximately HKD 234.3 million) in the Sixty Degree Capital Fund III, focusing on healthcare and technology sectors in North America[178]. Shareholder Information - Major shareholders include Elvin Alan Ortiz Espinosa and Sprout Wings Limited, each holding 127,939,100 shares, representing 28.38% of the issued share capital[195]. - John Paul Buckley and Zhang Zheng each control 81,774,809 shares, accounting for 18.14% of the issued share capital[195]. Management and Governance - The company is committed to transparency and good governance as part of its operational principles[110]. - The management team includes experienced professionals with over 20 years in asset management, investment banking, and technology sectors[106]. - The independent non-executive director has over 29 years of experience in auditing, accounting, risk management, and finance[107]. Market Conditions and Future Outlook - The company anticipates a gradual recovery in the IPO market in the second half of 2023, with plans to deepen its underwriting business[186]. - The company is actively exploring new business opportunities in lending, aiming for a balance between risk and return as global economic activity increases[187]. - The asset management division will enhance services for high-net-worth clients, aiming to improve brand recognition and market reputation[187].

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佈的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分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。 G-Resources Group Limited 國 際 資 源 集 團 有 限 公司 * （於百慕達註冊成立之有限公司） （股份代號：1051） 截至二零二三年六月三十日止六個月之中期業績 集團業績 國際資源集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公 司及其附屬公司（「本集團」）於截至二零二三年六月三十日止六個月之未經審 核綜合業績，及二零二二年同期之比較數字如下： 簡明綜合損益報表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千美元 千美元 （未經審核） （未經審核） 收益 利息收入 4 13,609 3,991 股息及分派收入 4 1,338 5,030 手續費及佣金收入 4 568 885 租金收入 4 725 725 16,240 10,631 ...

Financial Performance - The company recorded a loss of $89.4 million for the year, compared to a profit of $69.9 million in the previous year, primarily due to a fair value loss of approximately $106.7 million on financial assets and a revenue decrease of $36.3 million[6]. - Cash and cash equivalents decreased by $48.96 million, ending the year at $854.25 million, down from $900.85 million at the beginning of the year[20]. - Revenue from the top five customers accounted for approximately 35.5% of the total revenue for the year, with the largest customer contributing about 9.8%[64]. - The company reported a net cash outflow from investing activities of $60.09 million, an improvement from $79.04 million in the previous year[20]. Expenses and Cost Management - Administrative expenses for the year were $10.9 million, a slight decrease of $0.2 million from $11.1 million in the previous year, attributed to effective cost control measures[8]. - Interest income from guarantee financing decreased to $0.6 million from $4.2 million in the previous year, with accounts receivable from clients dropping to $2.4 million from $15.7 million[12]. Asset Management - Non-current assets decreased by $93.6 million to $593.7 million, mainly due to a net decrease of $79.0 million in financial assets measured at fair value[18]. - The company invested $47.4 million in non-listed financial assets during the year, with a total of $46.1 million invested in listed bonds[13]. Business Strategy and Future Plans - The company plans to deepen its guarantee financing business as the IPO market recovers, targeting existing clients and brokerage networks for revenue generation[26]. - The company aims to explore opportunities to expand its quality client base and strengthen relationships with major institutional clients, offering tailored financial products and services[27]. - The company is actively optimizing resource allocation to enhance business and financial performance in 2023 despite a challenging economic environment[51]. - The company plans to allocate resources to lower-risk, higher-return areas within its financial services business[52]. Risk Management - The management is maintaining a cautious approach to credit risk in its lending business, focusing on risk-return balance[52]. - The company acknowledges significant risks from global economic conditions and regulatory changes that may impact operational performance[44]. - The company has established risk management and monitoring processes to quantify and mitigate risks associated with extreme market volatility[66]. - The group faces risks related to declines in the value of financial instruments and other losses associated with market fluctuations[87]. Corporate Governance - The board of directors is responsible for overseeing the establishment of good corporate governance practices and ensuring compliance with governance codes[114]. - The company has adopted a board diversity policy to ensure a diverse composition in terms of gender, nationality, professional background, and skills[113]. - The company aims to maintain high levels of corporate governance and transparency to protect shareholder interests[101]. - The audit committee is responsible for overseeing the integrity of the company's financial statements, including the annual report and half-yearly reports[138]. Compliance and Regulation - The financial services industry is subject to extensive regulation, and significant changes in regulation will impact the company's operations[70]. - The group has not been aware of any significant violations of applicable laws and regulations as of the report date[93]. - The company has implemented policies for external auditors, including the approval of their remuneration and terms of engagement[152]. Credit Risk and Impairment - The expected credit loss model estimates impairment based on the difference between cash flows due and expected cash flows, discounted at the effective interest rate determined at initial recognition[82]. - The company has established a model for expected credit losses, which includes assessing default probabilities and loss rates based on historical data and forward-looking information[125]. - Expected credit losses are updated at each reporting date to reflect changes in credit risk since initial recognition, with full-period expected credit losses accounting for all possible default events over the expected life of the financial instruments[125]. Shareholder Relations - The company has not entered into any equity-linked agreements that would lead to the issuance of shares during the year[39]. - The company is committed to ensuring that its dividend payment capabilities comply with relevant laws and regulations[199]. - The board may pay interim dividends deemed reasonable by the board, subject to the company's ability to meet its obligations[198].