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Public company info - Goldstone Investment Group Limited , 00901.HK
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Goldstone Investment Group Limited, 00901.HK - Company Profile
Chairman Xiao Yanming
Share Issued (share) 2,164,000,000
Par Currency Hong Kong Dollar
Par Value 0.0125
Industry Investments & Assets Management
Corporate Profile Business Summary: The Group is principally engaged in investment holding and trading of financial assets at fair value through profit or loss (“FVTPL”). Performance for the year: The net loss attributable to owners of the Company was approximately HK$36,302,000, a decrease of approximately HK$7,372,000 from the loss of approximately HK$43,674,000 in the last financial year. Business Review： Goldstone Investment Group Limited is an investment holding company. The Company’s investment instruments are to be made in the form of investment fund or equity securities or equity related securities or debt-related instruments in listed and unlisted companies. The investments normally are to be made in enterprises which are established within their respective fields. The Company may also subscribe for the funds mainly includes equity investment funds, hedge funds, quantitative funds, index funds, securities and futures investment funds, Pre-IPO cornerstone funds, strategic investment and M&A funds, digital currency funds, art investment funds and gold funds. Year 2020 was a year full of challenges, difficulties and unpredictability. The global financial markets were impacted by COVID-19 pandemic severely across the stock, bond and commodity (including crude oil and gold) markets. The public health crisis has deeply plagued Hong Kong’s economy in 2020, which contracted by 6.1%, the sharpest annual decline on record. The economic turmoil associated with the COVID-19 pandemic has been regarded as the major cause for the economic downturn with a severe blow to the labor market and business activities. Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued in 2021, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged period. However, China’s continued economic recovery is expected with lower unemployment rates, rising consumer confidence and offline consumption to return to normal in 2021, together with lightened US-China trade conflict. The pandemic has changed the lives globally, it also spawned new technologies and business models. All these contributed to cautious sentiment among investors, and created a challenging but promising market environment for the Company. During the year ended 31 December 2020, the Company continued its investments in both listed and unlisted equity securities and other related financial assets. As at 31 December 2020, the Company’s investment portfolio was diversified and across different business sectors including education and investment in securities. Prospects: Looking forward into the Year of 2021, the operating environment for financial markets is expected to remain challenging. The outbreak of the global virus has adversely impact on the investment market and thus many economic and political uncertainties remain. Capital markets in 2021 are likely to be volatile. The Company will continue to adopt and maintain a prudent investment approach to capture attractive investment opportunities as and when they arise. The Company will continue fully leveraging its strong market analytical capability and carefully identify the market trend, focusing on high-tech, new economy, bio-medicine, new energy, real estate, and education and culture as the core investment areas. The Company intends to initiate the establishment of the SPAC (Special Purpose Acquisition Company) in 2021 to acquire outstanding targets in the health industry. The company is committed to adopting the rigorous investment attitudes and professional investment methods, through a flexible investment strategy to bring the maximum returns for all the shareholders.

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