According to the Zhitong Finance App, Chuangsheng Holdings (02680) announced interim results for the six months ending August 31, 2022. The group achieved revenue of HK$1,844 million during the period, a decrease of 0.33% over the previous year; loss attributable to shareholders was HK$9.339 million, an increase of 373.1% over the previous year; and a basic loss of HK2.33 cents per share.

The announcement said that during the current period, revenue from corporate financing business, placement and underwriting business, and asset management business decreased by about 3.5%, 59.3% and 17.7% respectively, while the related decline in revenue was partially offset by increased revenue from securities financing business and securities trading and brokerage business. Revenue from the corporate financing business and placement and underwriting business declined mainly due to the progress of due diligence on initial public offering sponsorship projects undertaken by the Group due to the pandemic and the decline in the number of new stock listings on the Stock Exchange, respectively, while revenue from asset management declined, mainly due to the reduction in the scale of assets managed by the Group. The increase in revenue from the securities financing business and securities trading and brokerage business was mainly due to the increase in interest income generated by the securities financing business and the increase in the average daily turnover of the Group, respectively.