Financial Performance - For the fiscal year ending March 31, 2024, the total revenue was HKD 198,537,000, an increase of 12.0% compared to HKD 176,807,000 for the fiscal year ending March 31, 2023[3] - The net loss from continuing operations for the fiscal year was HKD 60,985,000, compared to a loss of HKD 45,959,000 in the previous year, representing a 32.8% increase in losses[4] - The basic loss per share from continuing operations increased to HKD 8.59 from HKD 6.48, indicating a worsening financial performance[4] - For the year ending March 31, 2024, total revenue from continuing operations was HKD 22,573 million, a decrease from HKD 26,036 million in the previous year, representing a decline of approximately 13.5%[25][26] - The pre-tax loss for the year ending March 31, 2024, was HKD 76,797 million, compared to a pre-tax loss of HKD 68,694 million for the previous year, indicating a worsening of approximately 11.5%[25][26] - The company reported a loss of approximately HKD 76,797,000 for the fiscal year 2024, compared to a loss of HKD 68,694,000 in the fiscal year 2023[69] Assets and Liabilities - The total assets decreased to HKD 660,924,000 from HKD 790,015,000, reflecting a decline of 16.4% year-over-year[6] - The total liabilities decreased to HKD 289,496,000 from HKD 345,850,000, a reduction of 16.3%[8] - The company’s non-current assets decreased to HKD 446,808,000 from HKD 485,122,000, a decline of 7.9%[6] - The total assets as of March 31, 2024, amounted to HKD 660,924 million, an increase from HKD 790,015 million as of March 31, 2023, reflecting a decrease of about 16.3%[28] - The total liabilities as of March 31, 2024, were HKD 326,356 million, down from HKD 378,883 million in the previous year, showing a reduction of approximately 13.9%[28] Cash Flow and Financing - The cash and cash equivalents dropped significantly to HKD 18,218,000 from HKD 62,568,000, a decrease of 70.9%[6] - The group expects to generate sufficient cash flow to repay liabilities due within the next 12 months[14] - The group plans to issue new shares and has the capability to obtain new financing to renew existing credit facilities or refinance as needed[14] - The group has approximately HKD 22,799,000 in unused bank financing as of March 31, 2024[114] Credit Losses and Risks - The company recognized expected credit losses of HKD 4,214,000 on loans, significantly higher than HKD 205,000 in the previous year[4] - The company recorded expected credit losses of HKD 4,214 million for loans receivable, indicating a significant risk in its lending portfolio[30] - The expected credit loss provision for receivables was HKD 1,394,000, impacting the net accounts receivable balance[56] Discontinued Operations - The financing services segment, including the sale of Longxiong Group Limited, is classified as discontinued operations for the year ending March 31, 2024[23] - For the year ended March 31, 2024, the revenue from discontinued operations was HKD 7,127,000, down from HKD 10,850,000 in the previous year, representing a decrease of 34.5%[38] - The pre-tax loss from discontinued operations for the year was HKD 15,812,000, compared to HKD 22,735,000 in the previous year, indicating an improvement of 30.5%[38] Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code as per the listing rules, except for one independent non-executive director's absence at a special general meeting[124] - The independent auditor's report emphasized a significant uncertainty regarding the group's ability to continue as a going concern due to its financial losses and liabilities[130] Strategic Focus and Future Plans - The company plans to focus on market expansion and new product development to improve future performance[30] - The company plans to focus on its mortgage financing business, aligning with its long-term strategy following the potential sale of Chang Hung Group[37] Employee and Operational Insights - The group had a total of 62 employees as of March 31, 2024, with compensation packages reviewed regularly based on market norms and individual performance[120] - The group has implemented effective internal control procedures for its operations, ensuring compliance with the Securities and Futures Ordinance[108] Market Environment - The market environment remains challenging due to geopolitical tensions and high interest rates, prompting the company to adopt a cautious approach towards new investment opportunities[92] - The average daily trading volume in the securities market for fiscal year 2024 was approximately HKD 99 billion, a decrease of 22% compared to the previous fiscal year[71]

Financial Performance - The company reported a revenue of HKD 120,962,000 for the six months ended September 30, 2023, a decrease of 11.3% compared to HKD 136,054,000 in the same period last year[8]. - The company incurred a loss before tax of HKD 26,658,000, compared to a loss of HKD 24,790,000 in the previous year, reflecting a year-over-year increase in losses of 7.5%[8]. - Basic and diluted loss per share was HKD 0.038, compared to HKD 0.035 in the previous year, indicating an 8.6% increase in loss per share[8]. - The company reported a total comprehensive loss of HKD (26,658,000) for the six months ended September 30, 2023, compared to a loss of HKD (24,790,000) for the same period in 2022[14]. - The loss attributable to the company's owners was approximately HKD 26,658,000, compared to a loss of HKD 24,790,000 in the same period last year, indicating an increase in losses[61]. Assets and Liabilities - Total assets decreased to HKD 731,197,000 as of September 30, 2023, down from HKD 790,015,000 as of March 31, 2023, representing a decline of 7.4%[10]. - Current liabilities decreased to HKD 291,339,000 from HKD 346,520,000, a reduction of 15.9%[12]. - The company’s net assets decreased to HKD 384,474,000 from HKD 411,132,000, reflecting a decline of 6.5%[12]. - The total cash and cash equivalents decreased to HKD 27,164,000 as of September 30, 2023, down from HKD 62,568,000 at the beginning of the period, representing a decline of approximately 56.6%[16]. - The group’s net asset value was approximately HKD 384,474,000 as of September 30, 2023, down from HKD 411,132,000 as of March 31, 2023[81]. Cash Flow - The net cash used in operating activities for the six months ended September 30, 2023, was HKD (34,711,000), compared to HKD (2,345,000) for the same period in 2022, indicating a significant increase in cash outflow[16]. - The net cash generated from investing activities was HKD 28,541,000 for the six months ended September 30, 2023, a recovery from a cash outflow of HKD (13,131,000) in the previous year[16]. - The company experienced a net cash outflow from financing activities of HKD (29,234,000) for the six months ended September 30, 2023, compared to HKD (32,273,000) in the previous year, indicating a slight improvement[16]. Revenue Breakdown - Brokerage income decreased to HKD 1,913,000 from HKD 2,384,000, representing a decline of 19.7% year-over-year[25]. - Interest income from mortgage financing was HKD 6,664,000, slightly down from HKD 6,950,000, a decrease of 4.1%[25]. - The total income from external customers across all segments was HKD 11,337,000, down from HKD 12,409,000, reflecting a decline of 8.6%[27]. - The financial services segment reported a loss of HKD 7,994,000, while the mortgage financing segment generated a profit of HKD 4,581,000[27]. Credit and Risk Management - The company recorded a provision for expected credit losses of HKD 12,400,000 for financing business receivables, a decrease from HKD 14,801,000 in the previous period, indicating improved credit quality[38]. - The group closely monitors credit risk associated with receivables, taking legal action if clients fail to respond to repayment plans[88]. - The group faces price risk from equity investments classified at fair value through profit or loss, which will be monitored for potential hedging[97]. Corporate Governance - The company has confirmed compliance with the corporate governance code during the review period, with no significant deviations reported[108]. - The company is committed to maintaining high standards of corporate governance as a key element of its successful development[108]. - The company’s audit committee reviewed the unaudited interim financial statements for the period, ensuring compliance with financial reporting standards[129]. Shareholder Information - As of September 30, 2023, Mr. Zhang Haohong holds a total of 467,759,471 shares, representing 65.95% of the company's issued shares[102]. - The company has a share option plan that allows for the issuance of up to 639,480,610 shares, which is 10% of the issued share capital as of the adoption date[111]. - The maximum number of shares that can be issued to eligible participants under the plan within any twelve-month period is capped at 1% of the issued shares[112].

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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就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之任何損失承擔任何責任。 STYLAND HOLDINGS LIMITED 大 凌 集 團 有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：211） （認股權證證券代號：2403） 截至二零二三年九月三十日止六個月之 業績公佈 大凌集團有限公司（「本公司」）董事會（「董事」或「董事會」）欣然宣佈，本公司及其 附屬公司（統稱為「本集團」）截至二零二三年九月三十日止六個月（「回顧期間」）之 未經審核綜合業績，連同比較數字載列如下： 簡明綜合損益及其他全面收益表 截至九月三十日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） 附註 千港元 千港元 ...

Financial Performance - For the fiscal year 2023, the company recorded a revenue of approximately HKD 187.66 million, a decrease from HKD 190.28 million in the fiscal year 2022, resulting in a loss of approximately HKD 68.69 million compared to a profit of HKD 7.39 million in the previous year[39]. - The average daily trading volume in the securities market for the fiscal year 2023 was approximately HKD 120 billion, representing a 19% decrease compared to the fiscal year 2022[41]. - As of March 31, 2023, the company's net asset value was approximately HKD 411.13 million, down from HKD 479.83 million in the previous fiscal year[59]. - The company's bank and cash on hand amounted to approximately HKD 62.57 million, with about 94% held in HKD, 4% in USD, 1% in RMB, and 1% in TWD[59]. - The total borrowings were approximately HKD 260.37 million, slightly down from HKD 261.09 million in the previous fiscal year, with a debt-to-equity ratio of approximately 0.63 compared to 0.54 previously[59]. Business Strategy and Operations - The core business includes financial services, mortgage financing, insurance brokerage, property development, and investment and securities trading[14]. - The company aims to provide high-quality financial services and create long-term value for clients, shareholders, and stakeholders[14]. - The company has implemented a digital trading platform to offer clients fast and reliable online trading services[25]. - The company adapts its strategies in response to government policies and changes in the international business environment[25]. - The company plans to capture a larger market share in the wealth management sector, leveraging the supportive business environment in Hong Kong and mainland China[33]. Client and Market Engagement - The company focuses on providing tailored investment solutions based on clients' needs and goals[17]. - The number of active clients increased by 42% compared to the fiscal year 2022, despite a decrease in IPO market activity and daily average trading volume in the Hong Kong stock market[42]. - The company successfully conducted due diligence for IPO clients in mainland China following the reopening of borders, indicating potential for increased business from mainland China in the future[31]. - The company continues to provide brokerage services for futures investment products, facilitating risk management for clients investing in Chinese A-shares[42]. - The company anticipates improvements in IPO activities and investment market sentiment as the economy recovers from the COVID-19 pandemic[42]. Environmental, Social, and Governance (ESG) Initiatives - The company aims to enhance its environmental, social, and governance (ESG) initiatives, integrating these elements into daily operations[36]. - The board of directors emphasizes the importance of environmental, social, and governance (ESG) issues for stakeholders and commits to reporting on these matters[90]. - The group aims to balance business expansion with stakeholder interests through a sustainable development framework focusing on environmental protection and resource management[90]. - The management team is tasked with monitoring the execution of ESG action plans and reporting progress to the board[96]. - The company is committed to integrating responsible environmental practices into its operations and fostering an environmentally conscious culture among employees[91]. Employee Development and Workplace Culture - The company encourages continuous professional development for employees to enhance their skills and knowledge[25]. - The company promotes a culture of inclusivity and encourages employees to express their ideas and concerns[27]. - The company has established a long-term strategy for talent development and training, emphasizing continuous learning and professional skills enhancement[144]. - The average monthly employee turnover rate for the fiscal year 2023 was 1.60% for males and 3.16% for females, showing a decrease from the previous year[136]. - The company maintains a five-day work week and complies with Hong Kong employment regulations regarding rest days and holidays[139]. Compliance and Risk Management - The company adheres strictly to the Securities and Futures Ordinance, ensuring compliance and operational risk management in its financial services[66]. - The group complies with anti-money laundering regulations and has included relevant summaries in loan agreements to enhance customer awareness[69]. - The company has implemented strict policies to prevent money laundering and protect customer data, adhering to applicable laws and regulations[156]. - The company has established a compliance manual and anti-money laundering guidelines to manage transactions and customer identities[164]. - The company has strengthened its internal control mechanisms to ensure compliance with anti-corruption laws and regulations[162]. Community Engagement and Social Responsibility - The company is committed to social responsibility and environmental care, actively participating in meaningful charitable activities[14]. - The company made community investments totaling HKD 10,000 to improve oral health services and support homeless residents[167]. - The company actively engages in charitable and environmental activities, encouraging employee participation[105]. - The company emphasizes sustainable business development and maintains close communication with stakeholders, including government, investors, employees, customers, suppliers, and the community[99]. - The company aims to establish long-term strategic partnerships with service providers and business partners to fulfill social responsibilities[151].

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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 STYLAND HOLDINGS LIMITED 大 凌 集 團 有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：211） 截至二零二三年三月三十一日止年度 末期業績公佈 大凌集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈，本公司及其 附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度（「二零二三年財政 年度」）之經審核綜合業績連同截至二零二二年三月三十一日止年度（「二零二二年 財政年度」）比較數字載列如下： 綜合損益及其他全面收益表 截至三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 營業額 187,657 190,278 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 136,054,000, an increase of 3.7% compared to HKD 131,106,000 for the same period in 2021[8] - The company reported a loss before tax of HKD 24,790,000, an improvement from a loss of HKD 26,180,000 in the previous year, representing a reduction of 5.3%[8] - Basic and diluted loss per share was HKD 0.035, compared to HKD 0.037 in the prior year, indicating a slight improvement in performance[8] - The total loss before tax for the group was HKD 24,790 thousand, compared to a loss of HKD 26,180 thousand in the previous year, indicating an improvement of approximately 5.3%[36] - The loss attributable to the company's owners was HKD 24,790,000, an improvement from a loss of HKD 26,180,000 in the previous year, indicating a reduction in losses by 5.3%[76] Assets and Liabilities - Total assets as of September 30, 2022, were HKD 809,703,000, down from HKD 882,051,000 as of March 31, 2022, reflecting a decrease of 8.2%[11] - Current liabilities decreased to HKD 340,326,000 from HKD 363,609,000, a reduction of 6.4%[13] - Net assets as of September 30, 2022, were HKD 455,036,000, down from HKD 479,826,000, representing a decrease of 5.2%[13] - As of September 30, 2022, total equity amounted to HKD 455,036,000, a decrease from HKD 479,826,000 on April 1, 2022, reflecting a loss of HKD 24,790,000 during the period[17] - The total amount of accounts receivable, net of expected credit loss provisions, was HKD 22,500,000, down from HKD 24,174,000 in the previous year[59] Cash Flow - The net cash used in operating activities for the six months ended September 30, 2022, was HKD (2,345,000), compared to HKD 12,099,000 in the previous year, indicating a significant decline in cash flow[19] - The total cash and cash equivalents as of September 30, 2022, were HKD 43,674,000, down from HKD 66,010,000 a year earlier, showing a decrease of approximately 33.8%[19] - The company reported a net cash outflow from financing activities of HKD (32,273,000) for the six months ended September 30, 2022, compared to HKD (43,524,000) in the previous year, indicating improved cash management[19] Income and Expenses - The company recorded other income of HKD 2,051,000, an increase from HKD 1,300,000 in the previous year, showing a growth of 57.7%[8] - The financial services segment generated service fees and commission income of HKD 5,128 thousand for the six months ended September 30, 2022, down from HKD 11,539 thousand in the previous year, a decrease of approximately 55.6%[34] - Mortgage financing interest income was HKD 6,950 thousand for the current period, compared to HKD 8,906 thousand in the prior year, reflecting a decline of about 21.9%[34] - The insurance brokerage segment reported commission income of HKD 209 thousand, significantly lower than HKD 491 thousand in the previous year, a decrease of approximately 57.5%[34] - The total stock trading volume managed by the group reached HKD 1.29 billion during the review period[77] Strategic Focus and Future Plans - The company plans to focus on market expansion and new product development in the upcoming periods[8] - The company has identified potential acquisition targets to enhance its market position and operational capabilities[8] - The group anticipates that the Hong Kong government's measures to attract high-income talent will support property market purchasing power and stabilize property prices[89] - The group plans to leverage the tightening economic integration between Hong Kong and mainland China to enhance its securities and futures brokerage business[88] - The group will continue to implement prudent measures in its mortgage financing business despite uncertainties in the market outlook[89] Compliance and Governance - The company is committed to maintaining high standards of corporate governance, which is considered essential for its successful development[117] - The company has engaged an external IT consulting firm to enhance its cybersecurity risk management[107] - The company has complied with the corporate governance code as per the listing rules during the review period[118] - The audit committee, composed of three independent non-executive directors, reviewed the unaudited interim financial statements for the review period[143] Employee and Shareholder Information - As of September 30, 2022, the company had 73 employees, with a compensation structure based on market norms and individual performance[108] - Major shareholders include Mr. Zhang Zhi Cheng and Ms. Yang Xing Yi, each holding 187,036,982 shares, representing 26.37% of the company[114] - The total compensation for directors and key management personnel for the six months ended September 30, 2022, was HKD 1,230,000, a decrease of 13.39% from HKD 1,420,000 in the same period of 2021[131]

Financial Performance - For the fiscal year ending March 31, 2022, the company recorded a revenue of approximately HKD 190,278,000, compared to a loss of HKD 38,895,000 in the previous fiscal year[39]. - In the fiscal year 2022, the group's securities trading turnover was approximately HKD 7.4 billion[43]. - As of March 31, 2022, the net balance of the brokerage financing business was approximately HKD 35.67 million, with interest income from brokerage loans decreasing by 18.6% due to reduced IPO financing[44]. - The group's mortgage financing segment had a consolidated loan balance of approximately HKD 93.02 million as of March 31, 2022, with interest income of HKD 16.61 million for the fiscal year 2022[49]. - As of March 31, 2022, the group's net asset value was approximately HKD 479,826,000, an increase from HKD 470,321,000 in the previous fiscal year[58]. - The group's total borrowings amounted to approximately HKD 261,087,000, compared to HKD 256,258,000 in the previous fiscal year, with a debt-to-equity ratio of approximately 0.54[58]. - The group held listed securities with a fair value of approximately HKD 11,827,000, down from HKD 23,405,000 in the previous fiscal year[59]. - The group has approximately HKD 485,500,000 in investment properties pledged to banks as collateral for credit facilities[60]. - The group did not recommend a final dividend for the fiscal year 2022, with cash dividends and other forms of returns dependent on business performance and liquidity[171]. - In the fiscal year 2022, the revenue from the largest customer and the top five customers accounted for approximately 18.83% and 27.89% of the total revenue, respectively[200]. Business Strategy and Expansion - The company has established a wealth management business in Hong Kong and plans to expand this service in the Greater Bay Area, targeting the growing population of millionaires in China[4]. - The company aims to provide comprehensive financial investment and insurance solutions to new clients in the Greater Bay Area and existing clients in Hong Kong[4]. - The company plans to expand its wealth management business in the Greater Bay Area, targeting the growing population of millionaires in China, which is expected to outpace the U.S. by three times in the next five years[29]. - The group plans to leverage the increasing population of high-net-worth investors in the Greater Bay Area following the launch of the "Cross-Border Wealth Management Connect" in September 2021[47]. - The company has actively participated in the Stock Connect programs, helping clients invest in Chinese A-shares and providing hedging tools for managing market risks[32]. - The group has become a qualified participant in the Stock Connect programs, providing clients with access to invest in Chinese A-shares[43]. Corporate Social Responsibility and ESG Initiatives - The annual report highlights the company's commitment to corporate social responsibility and environmental care[9]. - The company emphasizes the importance of environmental, social, and governance (ESG) initiatives, actively engaging in various activities to benefit the environment and society[36]. - The board emphasizes the importance of integrating ESG matters into management policies and strategies, aiming for sustainable business operations[80]. - The company is committed to reducing its environmental impact and fostering a culture of environmental management among employees[82]. - The management team and all employees actively supported the group's sustainable development strategies and goals during the fiscal year 2022[83]. - The company aims to reduce greenhouse gas emissions and promote resource efficiency as part of its community engagement and environmental protection efforts[94]. - The company has established a comprehensive environmental policy covering the reduction of greenhouse gas emissions, energy efficiency, and waste management[100]. - The company has implemented measures to reduce carbon emissions, including encouraging the use of reusable cups and minimizing the purchase of disposable items[114]. - The company is committed to increasing investments in environmental protection and managing natural resources effectively[115]. - The group actively participated in community investment activities, including donations for oral health services during the fiscal year 2022[160]. Employee Welfare and Management - Employee welfare, including labor rights, career development, and workplace safety, is a priority, with measures in place to support health and safety during the pandemic[92]. - The company has established internal management systems for recruitment, promotion, and employee treatment, emphasizing equal opportunities and diversity[122]. - The company conducts regular performance evaluations for employees, providing constructive feedback and using data for fair assessment of rewards and promotions[123]. - The company has a share option plan to incentivize and reward eligible participants contributing to its business success[123]. - The company maintained competitive compensation packages to attract and retain talent, regularly reviewing employee salaries to align with market standards[127]. - No employees were laid off due to the COVID-19 pandemic in fiscal year 2022, and employee benefits remained unchanged[130]. - The company has established a long-term strategy for talent development and training, encouraging continuous learning among employees[134]. - The average monthly employee turnover rate for males was 2.65% and for females was 2.62% in fiscal year 2022, compared to 1.09% and 0.85% respectively in fiscal year 2021, indicating an increase in turnover rates[126]. - The total number of employees was 107, a decrease from 131 in fiscal year 2021, representing a reduction of approximately 18.3%[125]. Health and Safety Measures - The company has implemented various health and safety measures to reduce the risk of COVID-19 infection, including providing masks and hand sanitizers[132]. - The company has implemented strict health measures during the fifth wave of COVID-19, allowing employees to work from home and reducing in-person meetings[34]. - The company has not reported any work-related injuries or fatalities in the past three fiscal years, including fiscal year 2022[132]. - The group did not encounter any significant violations related to employment, health and safety, or labor standards during the fiscal year 2022[140]. Environmental Impact and Resource Management - The company's electricity consumption for the fiscal year 2022 was approximately 101.99 MWh, a decrease of about 5.55 MWh or 5.16% compared to the previous year[106]. - The gasoline consumption for the fiscal year 2022 was approximately 6.78 tons, an increase of about 3.13 tons or 85.75% compared to the previous year[108]. - The total greenhouse gas emissions (Scope 1) rose to 24.89 tons in fiscal year 2022, up from 13.42 tons in the previous year, indicating an increase of 85.1%[163]. - The company has implemented energy-saving measures to reduce energy consumption and improve energy efficiency, including encouraging employees to turn off unused equipment and using energy-efficient appliances[106]. - The company has complied with environmental protection regulations during its property development projects, ensuring minimal impact on the surrounding environment[103]. - The company has set targets for reducing energy consumption and corresponding greenhouse gas emissions, achieving a reduction compared to the fiscal year 2021[106]. - The company actively manages its waste, focusing on the collection and recycling of paper waste and using environmentally friendly office supplies[101]. - The company consumed approximately 2.94 tons of paper in the fiscal year 2022, a decrease of about 0.51 tons or 14.78% compared to the previous year[112]. - The company promotes a "green office" policy, encouraging employees to reduce paper usage and utilize electronic documents whenever possible[112]. Governance and Compliance - The group has implemented strict internal controls to comply with anti-corruption laws, enhancing its corporate governance and ethical standards[154]. - The group has established a compliance manual and anti-money laundering guidelines to ensure adherence to legal standards[160]. - The group continues to maintain good relationships with clients and business partners, which is crucial for the development of its mortgage financing and insurance brokerage businesses[174]. - The company emphasizes transparency and accountability to shareholders, maintaining high standards of governance and risk management[90]. - The company has established a comprehensive internal monitoring system to ensure compliance with legal regulations and ethical standards[90].

Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 131,106,000, an increase of 12.5% compared to HKD 116,268,000 for the same period in 2020[23] - The company reported a loss before tax of HKD 26,180,000, compared to a loss of HKD 14,733,000 in the previous year, representing an increase in loss of 77.5%[23] - Basic and diluted loss per share for the period was HKD 0.037, compared to HKD 0.023 in the previous year, indicating a 60.9% increase in loss per share[23] - The company reported a decrease in other income to HKD 1,309,000 from HKD 2,039,000, a decline of 35.9% year-on-year[23] - The company’s financing costs increased to HKD 3,179,000 from HKD 2,723,000, reflecting a rise of 16.7%[23] - Total revenue for the group reached HKD 21,035,000 in the fiscal year 2021, an increase of 8.3% compared to HKD 19,416,000 in 2020[47] - The group reported a loss before tax of HKD 26,180,000, reflecting the challenges faced in the financial services sector[51] - The group’s income from external customers in the financial services segment was HKD 11,539,000, while mortgage financing generated HKD 8,906,000[51] Assets and Liabilities - Non-current assets increased to HKD 452,263,000 as of September 30, 2021, from HKD 436,127,000 as of March 31, 2021, reflecting a growth of 3.7%[27] - Current assets decreased to HKD 386,914,000 as of September 30, 2021, from HKD 389,402,000 as of March 31, 2021, showing a slight decline of 0.6%[27] - The total assets of the company stood at HKD 839,177,000 as of September 30, 2021, an increase from HKD 825,529,000 as of March 31, 2021, representing a growth of 1.6%[27] - Total equity as of September 30, 2021, was HKD 444,293,000, down from HKD 470,321,000 as of March 31, 2021, indicating a decline of about 5.5%[28] - The total liabilities of the company as of September 30, 2021, were HKD 466,102,000, down from HKD 491,971,000 as of March 31, 2021, representing a decrease of approximately 5.3%[28] - The company’s total reserves decreased to HKD 374,051,000 as of September 30, 2021, from HKD 400,132,000 as of March 31, 2021, reflecting a reduction of about 6.5%[32] Cash Flow - Cash and cash equivalents decreased significantly to HKD 66,010,000 from HKD 114,614,000, a decline of 42.5%[27] - Net cash generated from operating activities for the six months ended September 30, 2021, was HKD 12,099,000, a decrease from HKD 13,282,000 in the same period of 2020[33] - The company reported a net cash decrease of HKD 48,604,000 for the six months ended September 30, 2021, compared to an increase of HKD 71,479,000 in the same period of 2020[33] - The financing activities resulted in a net cash outflow of HKD 43,524,000 for the six months ended September 30, 2021, compared to an inflow of HKD 68,240,000 in the same period of 2020[33] Segment Performance - Securities and futures brokerage, corporate finance, and asset management fees and commission income amounted to HKD 7,142,000, up 46.5% from HKD 4,876,000 in the previous year[47] - Interest income from mortgage financing was HKD 8,906,000, a decrease of 14.9% from HKD 10,459,000 in the prior year[47] - Insurance brokerage service commission income was HKD 491,000, with no income reported in the previous year[47] - The mortgage financing segment reported a loan balance (net of expected credit loss provisions) of HKD 108,265,000 as of September 30, 2021, down from HKD 135,159,000 as of March 31, 2021, representing a decline of 20%[82] Corporate Governance and Compliance - The company has complied with the corporate governance code as per the listing rules during the review period, despite having only two independent non-executive directors[151] - The company plans to appoint a new independent non-executive director and new committee members to comply with listing rules following the passing of a previous director[150] - The company has a commitment to high standards of corporate governance, which it considers essential for its successful development[150] - The company’s board has adopted a standard code for securities transactions by directors, confirming compliance during the review period[152] Risk Management - The group has implemented stricter credit monitoring for mortgage loans due to ongoing uncertainties in the property market caused by the COVID-19 pandemic[117] - The group aims to leverage the "Consumption Voucher Scheme" and other government measures to stimulate the local economy and reduce credit risk in its mortgage financing business[120] - The group has established effective internal control procedures to mitigate operational risks in its financial services business[134] Employee and Management Compensation - The company recorded a total of 20,899 thousand HKD in salaries, allowances, and other benefits for the period, an increase from 17,000 thousand HKD in the previous year[76] - The compensation for directors and key management personnel for the six months ended September 30, 2021, is 1,420,000 HKD, a decrease of 19.6% from 1,767,000 HKD in the same period of 2020[169] - The group employed a total of 82 staff members as of September 30, 2021[141] Related Party Transactions - The company has engaged in related party transactions, including receiving commissions totaling 15,000 HKD from a related party during the review period[170] - Accounts receivable from Mr. Zhang Haohong amounted to HKD 379,000[174] - Accounts payable to Mr. Zhang totaled HKD 803,000[174] - Total accounts payable to various individuals, including Mr. Yang and Mr. Zhang, reached HKD 1,993,000 and HKD 1,461,000 respectively[174] Future Outlook - The group anticipates benefiting from the "Cross-Border Wealth Management Connect" and "Bond Connect" initiatives launched in September 2021, which are expected to enhance Hong Kong's position as an international asset management center[119] - The group has adopted new accounting standards effective from January 1, 2023, which may require adjustments in accounting policy disclosures[45] - The company is focused on expanding its financial services, mortgage financing, property development, and investment segments[46] - The company is committed to enhancing its service offerings in securities trading and insurance brokerage to drive future growth[46]

Financial Performance - The financial year ending March 31, 2021, was challenging, yet the company maintained stable operations across all core businesses[27] - In the fiscal year 2021, the company recorded a revenue of approximately HKD 213,256,000, compared to HKD 207,293,000 in the fiscal year 2020, indicating a growth of about 4.7%[38] - The company reported a loss of approximately HKD 38,895,000 in fiscal year 2021, an improvement from a loss of approximately HKD 64,037,000 in fiscal year 2020, reflecting a reduction in losses by about 39.4%[38] - The group's net asset value as of March 31, 2021, was approximately HKD 470.32 million, down from HKD 499.23 million in the previous fiscal year[53] - The group's cash and bank balances totaled approximately HKD 114.61 million, an increase from HKD 53.31 million in the previous fiscal year[53] - The group's borrowings amounted to approximately HKD 256.26 million, up from HKD 183.05 million in the previous fiscal year, with a debt-to-equity ratio of 0.54[53] Business Strategy and Operations - The company aims to create long-term value for shareholders, warrant holders, customers, and other stakeholders[5] - The company plans to continue its strategy of leveraging strengths to advance further in the future[25] - The company continues to engage in socially responsible activities and contribute positively to the environment and community[5] - The company has not made any other significant acquisitions or disposals during the fiscal year 2021, indicating a cautious approach to expansion[66] - The company is committed to creating long-term value for shareholders and stakeholders through its strong employee team and robust core business[33] Financial Services and Products - The company promoted its financial services products and services in major markets in Hong Kong and mainland China to generate revenue and expand its customer base[27] - The company offers competitive margin ratios and interest rates for its brokerage financing services[10] - The company focuses on mortgage financing services, offering attractive rates for first and second mortgage loans[20] - The company assists corporate clients in raising capital from equity and debt markets[12][14] - The company acquired an insurance brokerage in fiscal year 2021, expanding its offerings to include a wider range of financial products such as life insurance, auto insurance, and home insurance[29] Technology and Innovation - The company plans to enhance its capabilities in artificial intelligence to provide initial public offering (IPO) selection services, aiming to offer more value-added services to clients[29] - The company has enhanced its fintech trading systems to facilitate online trading for customers, attracting new clients during the fiscal year[40] - The company provides a comprehensive online trading platform and mobile application for clients to trade securities and futures contracts[9] Environmental and Social Responsibility - The company is committed to sustainable development and engages with stakeholders to balance their interests and concerns[72] - The company has established a comprehensive environmental protection policy focusing on reducing waste gas and greenhouse gas emissions, energy efficiency, and water conservation[82] - The company has implemented energy-saving measures, including encouraging employees to turn off unused office equipment and adjusting air conditioning to 25.5 degrees Celsius[87] - The company has actively engaged in community contributions and environmental protection initiatives, aligning its business goals with stakeholder expectations[81] - The company has committed to energy conservation and emission reduction as a top priority, aligning with increasingly stringent environmental regulations[127] Employee Welfare and Governance - The company has implemented various employee welfare programs, including medical insurance and stock option plans, to enhance employee satisfaction[64] - The company emphasizes continuous professional development through sponsorship programs for its members, including directors[64] - The company has established a robust internal control system to manage environmental, social, and governance risks effectively[72] - The company has a policy against any form of child labor or forced labor, ensuring compliance with relevant labor laws[100] - The company aims to provide a safe and high-quality working environment for employees, emphasizing competitive compensation to attract talent[127] Compliance and Risk Management - The company has implemented strict data management policies to protect customer information, with no complaints regarding privacy violations or data loss reported in the fiscal year 2021[119] - The company has established a robust internal control mechanism to prevent corruption and ensure compliance with anti-bribery laws[120] - The company maintained compliance with the corporate governance code throughout the fiscal year 2021[176] - The company has provided training to employees on anti-money laundering and compliance responsibilities[121] Market Trends and Outlook - The company believes that the attractive listing environment in Hong Kong will lead to a stable influx of Chinese concept stocks, benefiting its corporate finance division[29] - The group is expected to benefit from the increasing demand for asset management services, particularly from high-net-worth investors in the Greater Bay Area[45] - Hong Kong's GDP grew significantly by 7.9% year-on-year in Q1 2021, indicating a recovery from the pandemic[50] Shareholder Information - The company did not recommend a final dividend for the fiscal year 2021, indicating a focus on business performance and liquidity[137] - Major shareholders include Mr. Zhang Zhi Cheng and Ms. Yang Xing Yi, each holding 26.74% of the company with a total of 187,696,570 shares[154] - A total of 138,997,618 warrants were issued in 2021, with an initial subscription price of HKD 0.285, and 6,903,498 warrants were exercised during the fiscal year, raising approximately HKD 1,967,000[156][158]

浪 破 前 進 大 凌 集 團 有 限 公 司 STYLAND HOLDINGS LIMITED (於百慕達註冊成立之有限公司 Incorporated in Bermuda with limited liability) (股份代號 Stock Code: 0211) 中期報告 INTERIM REPORT 2020/21 創立於1977年 Established in 1977 目 | --- | --- | |----------------------------------|-------| | | 頁次 | | 公司資料 | 2 | | 簡明綜合損益及其他全面收益表 | 4 | | 簡明綜合財務狀況表 | 6 | | 簡明綜合權益變動表 | 8 | | 簡明綜合現金流量表 | 9 | | 簡明綜合中期財務報表附註 | 10 | | 管理層討論及分析 | 26 | | 董事於證券的權益 | 31 | | 主要股東 | 32 | | 企業管治 | 33 | | 購股權計劃 | 34 | | 阴連人士交易 | 35 | | 購買、出售或贖回本公司之上市證券 | 37 | | 發行紅利認股權證 | 37 ...