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 ...

Financial Performance - For the fiscal year 2020, the company recorded a revenue of approximately HKD 207,293,000, a decrease from HKD 234,787,000 in the fiscal year 2019, indicating a decline of about 11.5%[48]. - The company reported an annual loss of approximately HKD 64,037,000 for the fiscal year 2020, compared to a loss of HKD 6,435,000 in the fiscal year 2019, reflecting a significant increase in losses[48]. - As of March 31, 2020, the group's net assets were approximately HKD 499,234,000, down from HKD 548,510,000 in the previous fiscal year, with cash and cash equivalents totaling about HKD 53,308,000[68]. - The group's borrowings amounted to approximately HKD 183,045,000 as of March 31, 2020, with a debt-to-equity ratio of about 0.37, slightly up from 0.36 in the previous fiscal year[68]. - The group held listed securities with a fair value of approximately HKD 32,596,000 as of March 31, 2020, an increase from HKD 27,721,000 in the previous fiscal year[69]. - The company did not recommend the distribution of a final dividend for the fiscal year 2020, indicating that dividend payments depend on business performance and liquidity status[147]. - As of March 31, 2020, the company's distributable reserves amounted to HKD 210,211,000, with HKD 188,663,000 available for distribution as bonus shares under Bermuda law[156]. Business Operations - The core business focuses on financial services, mortgage financing, property development and investment, and securities trading[21]. - The company has over 20 years of experience in financial services, providing competitive pricing and attractive product features[29]. - The asset management team offers tailored solutions for high-net-worth clients, aiming to achieve financial goals and competitive returns[25]. - The company has a strong customer base across various core businesses, including brokerage, IPO, corporate finance, asset management, and mortgage financing[31]. - The mortgage financing department provides attractive rates for first and second mortgage loans, focusing on real estate collateral[27]. - The company is well-positioned for growth by concentrating on high-growth businesses with good long-term prospects[31]. - The company has successfully served IPO clients, acting as sponsors and lead underwriters[14]. - The online trading platform facilitates stock and futures trading for clients[22]. - The company has maintained smooth operations across all core businesses despite facing challenges such as economic recession and social unrest[42]. - The company aims to expand its financial services in the Guangdong-Hong Kong-Macao Greater Bay Area, anticipating significant opportunities in the future[39]. COVID-19 Response - The company has implemented strict health and safety measures during the COVID-19 pandemic, including providing hand sanitizers and masks to employees[40]. - The company continues to monitor the developments of the COVID-19 pandemic and its impact on business operations[65]. - The company has implemented multiple preventive measures during the COVID-19 outbreak, including providing masks and hand sanitizers to reduce infection risks[122]. - The group has adopted a "work from home" policy to ensure employee safety during the pandemic[91]. Environmental and Social Responsibility - The group is committed to sustainable development and engages with stakeholders to balance their interests and concerns[89]. - The group 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[103]. - The group emphasizes environmental protection and has established a comprehensive environmental policy covering waste reduction and energy efficiency[95]. - The group has developed a "green office" initiative to promote resource management and reduce environmental impact[102]. - The group has a waste management strategy focused on collecting and recycling paper[96]. - The group encourages employees to use reusable water bottles and cups to reduce carbon emissions and avoid disposable items[108]. - The company actively participates in community investment and charitable activities, contributing to social stability and community harmony[135]. Governance and Compliance - The company has maintained compliance with applicable laws and regulations, with no significant violations reported for the fiscal year 2020[149]. - The company emphasizes the importance of maintaining good relationships with employees and clients, providing value-added services to licensed business customers[150]. - The board consists of five executive directors and five independent non-executive directors, ensuring a strong independent component for effective governance[179]. - The company has adopted a board diversity policy, considering various factors such as gender, age, and professional experience in selecting candidates[186]. - The company ensures clear separation of responsibilities between the chairman and the CEO to avoid power concentration[183]. - The audit committee held three meetings in the fiscal year 2020, with full attendance from its members[188]. - The company has established a continuous learning funding program to support the professional development of its members, including directors[183]. Employee Relations - The group had 88 employees as of March 31, 2020, with compensation packages reviewed regularly based on market norms and individual performance[80]. - The group regularly reviews employee compensation to ensure it is competitive and aligned with market standards[117]. - The company maintained a five-day work week and adhered to Hong Kong employment regulations, ensuring employee rights to rest days and various leaves[118]. - During the fiscal year 2020, the company provided training for new employees, focusing on corporate culture and industry knowledge, enhancing professional skills and efficiency[119]. - No significant violations related to employment, health and safety, or labor standards occurred during the fiscal year 2020[123].

Financial Performance - The company reported a revenue of HKD 98,098,000 for the six months ended September 30, 2019, a decrease of 9.4% compared to HKD 108,013,000 for the same period in 2018[7]. - The net loss attributable to the company's owners for the period was HKD 29,611,000, compared to a loss of HKD 39,154,000 in the previous year, representing a 24.5% improvement[9]. - The company reported a basic and diluted loss per share of HKD 0.56, compared to HKD 0.79 in the same period last year, reflecting an improvement in loss per share[9]. - For the six months ended September 30, 2019, total revenue from external customers was HKD 31,772 million, a decrease from HKD 41,357 million in the same period of 2018, representing a decline of approximately 23.2%[42]. - The company reported a pre-tax loss of HKD 45,957 million for the six months ended September 30, 2018, indicating a significant financial challenge compared to the current period[42]. - The company reported unallocated expenses of HKD 29,609 million, which impacted overall profitability for the reporting period[42]. Assets and Liabilities - The total assets as of September 30, 2019, were HKD 809,258,000, down from HKD 1,091,144,000 as of March 31, 2019, indicating a decrease of 25.8%[10]. - As of September 30, 2019, the total equity of the company was HKD 536,267,000, a decrease from HKD 548,510,000 as of March 31, 2019, representing a decline of approximately 2.26%[12]. - The company's current liabilities, including accounts payable, decreased from HKD 106,438,000 as of March 31, 2019, to HKD 72,721,000 as of September 30, 2019, a reduction of approximately 31.67%[12]. - The total assets less current liabilities amounted to HKD 543,638,000 as of September 30, 2019, compared to HKD 550,510,000 as of March 31, 2019, showing a decrease of about 1.24%[12]. - The company's net liabilities classified as held for sale amounted to HKD 265,620,000 as of September 30, 2019, compared to HKD 221,588,000 as of March 31, 2019, reflecting an increase of about 19.87%[12]. Cash Flow - The net cash used in operating activities for the six months ended September 30, 2019, was HKD (4,365,000), compared to HKD (46,308,000) for the same period in 2018, indicating an improvement[18]. - The company reported a net cash outflow from investing activities of HKD (21,416,000) for the six months ended September 30, 2019, compared to HKD (7,006,000) in the previous year, reflecting increased investment expenditures[18]. - The net cash used in financing activities was HKD (32,756,000) for the six months ended September 30, 2019, compared to a net cash inflow of HKD 11,631,000 in the same period of 2018, indicating a shift in financing strategy[18]. Expenses - The company’s administrative expenses were HKD 61,856,000, up from HKD 50,745,000 in the previous year, indicating a rise of 21.5%[7]. - The company incurred financing costs of HKD 9,803,000, which increased from HKD 7,707,000 in the previous period[7]. - Depreciation expenses increased to HKD 4,501,000, up from HKD 702,000 in the previous year, with the addition of right-of-use assets contributing HKD 3,312,000[51]. - Employee costs decreased to HKD 26,999,000 from HKD 28,312,000, while share-based payment expenses were HKD 10,332,000, a new expense category[51]. Investments and Financing - The company made capital expenditures of HKD 17,048 million, indicating ongoing investment in non-current assets[46]. - The company’s total loans receivable, net of expected credit loss provisions, was HKD 196,424,000 as of September 30, 2019, compared to HKD 169,462,000 as of March 31, 2019[57]. - The mortgage financing segment's total loan portfolio was approximately HKD 136,339,000 as of September 30, 2019, showing a slight increase compared to March 31, 2019, with revenue from this segment amounting to HKD 11,382,000[85]. Corporate Governance - The company maintains a high level of corporate governance, adhering to the corporate governance code as per listing rules[111]. - The company is committed to enhancing corporate governance practices continuously[111]. - The company’s audit committee, composed of five independent non-executive directors, reviewed the unaudited interim financial statements for the review period[139]. Shareholder Information - Major shareholders include Mr. Zhang with 1,303,448,437 shares, representing 24.22% of total shares[108]. - The company did not recommend an interim dividend for the period, consistent with the previous year[53]. - The company issued a total of 989,226,416 warrants, with an initial subscription price of HK$0.01 per share, approved by shareholders on September 24, 2018[137].

Financial Performance - For the fiscal year 2019, the company reported a revenue of HKD 234,787,000 and a net loss of HKD 6,435,000[19] - The group recorded a revenue of approximately HKD 234,787,000 for the fiscal year 2019, a decrease of 5.4% compared to HKD 248,614,000 in fiscal year 2018[35] - The net loss for fiscal year 2019 was approximately HKD 6,435,000, significantly improved from a net loss of HKD 17,348,000 in fiscal year 2018[35] - Corporate finance revenue for fiscal year 2019 was approximately HKD 17,661,000, with ongoing IPO projects and strong relationships with other brokerage firms[40] - The mortgage financing segment achieved a loan portfolio of approximately HKD 133,138,000 as of March 31, 2019, with revenue of HKD 23,490,000 for the fiscal year[42] - The total transaction value of securities handled by the group in the fiscal year 2019 was approximately HKD 4.4 billion[55] - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year, representing a growth of 15% year-over-year[184] Cash and Assets - The company maintained a strong cash position with bank balances and cash on hand amounting to HKD 112,372,000 as of March 31, 2019[19] - The group's net asset value as of March 31, 2019, was approximately HKD 548.51 million, down from HKD 593.14 million in the previous fiscal year[50] - The group's external financing amounted to approximately HKD 200.07 million, a decrease from HKD 288.05 million in the previous fiscal year, with a debt-to-equity ratio of approximately 0.36 compared to 0.48 previously[50] - The group holds financial assets at fair value amounting to approximately HKD 27.72 million, down from HKD 79.96 million in the previous fiscal year[50] Business Development and Strategy - The company launched a new futures brokerage service during the fiscal year, aimed at helping clients hedge risks[20] - The corporate finance department secured a new IPO mandate for Gao Ao Shi International Holdings Limited, which successfully completed its IPO during the fiscal year[21] - The company applied to the Securities and Futures Commission for a license to provide financial advisory services for mergers and acquisitions, indicating a focus on expanding this business area[21] - The company plans to intensify its focus on securing more IPO business, recognizing its importance as a key revenue source[21] - The group plans to enhance its asset management strategy to capitalize on opportunities in the high-tech sector and the Greater Bay Area development plan[41] - The group plans to enhance its financial services in the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on debt and equity fundraising services[48] - The group is preparing to offer index futures products to clients to manage risks associated with the volatility of the Chinese A-share market[47] Community Engagement and Sustainability - The company has a strong commitment to community investment, participating in various activities, including sponsoring the "Ecological Protection Race" to raise awareness about marine plastic pollution[24] - The company is committed to environmental sustainability through participation in various eco-friendly activities[69] - The environmental, social, and governance report outlines the group's policies and strategies related to sustainability for the fiscal year 2019[73] - The company has established a comprehensive environmental protection policy focusing on reducing emissions and managing waste[78] - The company has implemented energy-saving measures to improve energy efficiency and reduce environmental impact[81] - The company encourages employees to participate in continuous education and professional training[76] - The company emphasizes the importance of community engagement and aims to actively participate in public welfare initiatives[113] Employee and Governance - As of March 31, 2019, the group employed 113 staff members, with compensation packages reviewed regularly based on market norms and individual performance[60] - The company emphasizes ongoing professional development for directors, ensuring they are well-informed about regulatory changes and best practices[153] - The board consists of five executive directors and five independent non-executive directors, ensuring a strong independent component for effective governance[151] - The audit committee, composed entirely of independent non-executive directors, held three meetings in the fiscal year 2019, with full attendance from its members[158] - The company has adopted a board diversity policy, emphasizing the importance of diverse backgrounds in achieving strategic goals and sustainable development[156] - The company has a zero-tolerance policy towards corruption and has implemented strict guidelines and reporting mechanisms to prevent bribery and fraud[107] Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 12%[184] - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on expanding the product line in the technology sector[184] - The company is investing HKD 50 million in research and development for new technologies aimed at enhancing user experience[184] - Market expansion plans include entering two new regions in Asia, targeting a market size of approximately HKD 300 million[184] - The company is considering strategic acquisitions to enhance its market position, with a budget of up to HKD 100 million allocated for potential deals[184] - A new marketing strategy has been implemented, aiming to increase brand awareness by 25% over the next year[184]