Nordic Asia Investment Group – Quarterly report Q2 2022
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This news feature refers to the press release published on 2022-08-22 at 08.30, which can be read in its entirety on Nordic Asia's Investor Relations page belowPress & Nyheter.
SECOND QUARTER 2022
The net asset value per common share amounted to SEK 7.47 compared to SEK 6.77 at the beginning of the quarter, which corresponds to an increase of approx. 10%. This can be compared with MSCI China, which rose about 2% during the corresponding period.
The net asset value amounted to SEK 257 013 thousand compared to SEK 249 918 thousand at the beginning of the quarter, an increase of SEK 7,095 thousand (17 851).
The result for the period amounted to SEK 26 667 thousand (2 351). Earnings per common share (share classes A and B) amounted to SEK 0.73 (0.61).
During the quarter, net securities were acquired for SEK 12 443 000 (13 425), which is attributed to increased allocation in existing holdings and acquisition of a new portfolio company (Contemporary Amperex Technology).
JANUARY – JUNE 2022
The net asset value per common share amounted to SEK 7.47 compared to SEK 7.87 at the beginning of the period, which corresponds to a decrease of approx. 5%. This can be compared with MSCI China, which fell by around 12% during the same period.
The period's result amounted to SEK -13 397 000 (384). Earnings per common share (share classes A and B) amounted to SEK -0.37 (0.11).
During the period, net securities were acquired for SEK 84 333 000 (20 632), which largely refers to the allocation of the issue proceeds from the listing in December 2021.
AFTER THE END OF THE PERIOD
The net asset value per common share amounted to SEK 6.70 as of August 16, 2022.
Nordic Asia is a Swedish investment company with a focus on investments in primarily listed Chinese companies that focus on domestic consumption. The company's business concept is based on applying an investment model for long-term strategic ownership of listed companies with a focus on the growing Chinese consumer market. Nordic Asia has around twenty portfolio companies and invests in listed companies that are listed in Shanghai, Shenzhen, Hong Kong and the USA and that have a market capitalization of at least USD 1 billion.
For further information, refer to the press release published on the Company's website Investor Relations-sida.
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