China Development Bank International Investment Limited (CDB Int’l Inv, 01062) reported a HK$90.73 million net loss for the six months ended 30 June 2026, widening markedly from the HK$11.68 million loss in the prior-year period. The downturn was driven chiefly by HK$161.90 million in net valuation losses on financial assets at fair value through profit or loss (FVTPL), compared with a HK$4.56 million loss a year earlier.

Revenue and expenses • Finance income inched up 4.5% year on year to HK$5.62 million. • General and administrative expenses fell 11.9% to HK$10.80 million, reflecting lower staff and professional costs. • Other gains surged to HK$76.51 million, mainly comprising dividends from investee Jade Sino Ventures. • Finance costs declined to HK$0.15 million.

Balance-sheet highlights (30 June 2026) • Total assets: HK$847.17 million, down from HK$944.29 million at end-2025. • Cash and cash equivalents: HK$446.63 million, up 24.0% from HK$360.10 million. • Financial assets at FVTPL: HK$390.24 million, versus HK$568.98 million six months earlier. • Total equity: HK$838.60 million; net asset value (NAV) per share slipped to HK$0.29 from HK$0.32 at end-2025. • The group remained debt-free, with a debt-to-equity ratio of 0%.

Key portfolio movements • Jade Sino Ventures: carrying value fell to HK$27.02 million from HK$90.59 million, producing a HK$63.56 million valuation loss; the investment nevertheless generated HK$76.51 million in dividend income. • Meicai: value declined to HK$115.15 million (-HK$77.51 million). • G7 Connect: value edged down to HK$193.85 million (-HK$8.80 million). • J&T Global Express: stake marked to HK$54.21 million (-HK$12.03 million). These four positions accounted for a combined 46.1% of total assets at period-end.

Operational metrics • Headcount: 8 employees (vs. 9 a year earlier). Staff costs decreased to HK$2.74 million. • Current ratio improved to 52.88 times; total liabilities/total assets eased to 1.01%. • No borrowings, asset charges, material commitments, or contingent liabilities were reported.

Management outlook The board expects to focus on logistics infrastructure, supply-chain services, advanced manufacturing and new energy sectors, leveraging China Development Bank resources while maintaining a conservative treasury stance. No post-period events requiring disclosure were identified up to the report date of 26 August 2026.