目錄 | 2 | 公司資料 | | --- | --- | | 3 | 股東日誌 | | 4 | 主要亮點 | | 6 | 五年財務摘要 | | 8 | 管理層討論及分析 | | 23 | 董事會 | | 26 | 企業管治報告書 | | 46 | 董事會報告書 | | 54 | 企業可持續發展報告 | | 134 | 獨立核數師報告書 | | | 財務報表 | | 138 | 綜合損益表 | | 139 | 綜合損益及其他全面收益表 | 140 綜合財務狀況表 142 綜合股東權益變動報表 143 綜合現金流動表 145 綜合財務報表附註 221 詞彙 公司資料 董事會 執行董事 魏愛國 （董事總經理） 黎玉光 （董事副總經理） 温育芳 非執行董事 藤田健二 （主席） 金華淑 獨立非執行董事 李澄明 盛慕嫻 土地順子 蔡炳中 公司秘書 洪敦信 核數師 德勤 • 關黃陳方會計師行 註冊公眾利益實體核數師 股份過戶登記處 卓佳證券登記有限公司 香港 夏愨道16號 遠東金融中心17樓 主要往來銀行 Mizuho Bank, Ltd. 香港分行 MUFG Bank, Ltd. 香港分行 Sumitomo Mitsu ...

每经记者 赵云 每经编辑 肖芮冬 4 月 28 日，市场全天震荡调整，三大指数小幅下跌。截至收盘，沪指跌 0.2% ，深成指跌 0.62% ，创业板指跌 0.65% 。 板块方面， PEEK 材料、游戏、银行、钢铁等板块涨幅居前，海南、房地产、旅游、食品等板块跌幅居前。 全市场超 4100 只个股下跌，近百股跌超 9% 。沪深两市全天成交额 1.06 万亿元，较上个交易日缩量 572 亿。 今日，三大股指窄幅震荡，但小盘股普遍弱于大盘股，甚至可以说短线情绪是比较差的。因此，场内资金更偏向于 抱团各板块的龙头。 | 三日 | 画线 工具▼ | ר 7 שנו » | R 600900 长江电力 | | | | | --- | --- | --- | --- | --- | --- | --- | | | | 前复权 ▲ つ © ● ✿ 29.72 ↑ 0.20 +0.68% | | | | | | -32.07 | | 32.00 | CHY 沪 高电 Bt | | | | | | | 30.00 | GDR: 40.600 (0.00%) | | | | | | | | | 中国综合实力最优质的电力企业,运行 ...

Financial Performance - Total revenue for the year ended February 28, 2025, was HKD 1,759,316,000, an increase of 8.4% from HKD 1,623,321,000 in the previous year[3] - Net interest income reached HKD 1,347,582,000, up 7.0% from HKD 1,258,899,000 year-on-year[3] - Operating income for the year was HKD 1,649,317,000, reflecting a growth of 8.4% compared to HKD 1,520,966,000 in the prior year[3] - The annual profit attributable to the company's owners was HKD 400,478,000, representing an increase of 2.9% from HKD 392,270,000 in the previous year[5] - Earnings per share (EPS) increased to HKD 95.63 from HKD 93.67, marking a growth of 2.1%[3] - Total comprehensive income for the year amounted to HKD 384,176,000, up from HKD 368,165,000, indicating a rise of 4.3%[5] - The company reported a decrease in interest expenses to HKD 129,785,000 from HKD 108,463,000, reflecting a rise in net interest income[3] - Other income increased to HKD 19,792,000 from HKD 15,205,000, showing a growth of 30.5%[3] - The company recognized a gain from the sale of non-performing assets amounting to HKD 14,605,000, compared to HKD 12,067,000 in the previous year[3] Assets and Liabilities - Total assets decreased from HKD 5,883,689 thousand in 2024 to HKD 5,593,986 thousand in 2025, representing a decline of approximately 4.9%[7] - Total liabilities decreased from HKD 2,274,343 thousand in 2024 to HKD 1,677,543 thousand in 2025, indicating a reduction of about 26.2%[7] - Total equity increased from HKD 4,067,993 thousand in 2024 to HKD 4,251,161 thousand in 2025, reflecting an increase of approximately 4.5%[7] - Non-current assets decreased from HKD 1,935,813 thousand in 2024 to HKD 1,812,341 thousand in 2025, a decrease of about 6.4%[6] - Current assets increased from HKD 5,932,516 thousand in 2024 to HKD 5,932,516 thousand in 2025, remaining stable[6] - Current liabilities decreased from HKD 2,274,343 thousand in 2024 to HKD 1,677,543 thousand in 2025, a decrease of approximately 26.2%[7] - Cash and cash equivalents decreased from HKD 257,989 thousand in 2024 to HKD 226,220 thousand in 2025, a decline of about 12.4%[6] - The company's total borrowings increased from HKD 1,015,149 thousand in 2024 to HKD 1,239,685 thousand in 2025, an increase of approximately 22.2%[7] Dividends and Shareholder Information - For the fiscal year ending February 29, 2024, the company declared a mid-term dividend of HKD 100,504,000[8] - The company plans to distribute a final dividend of HKD 0.25 per share for the fiscal year 2025, compared to HKD 0.24 per share in 2024, representing a 4.2% increase[34] - The company maintains a stable dividend policy with a payout ratio of at least 30.0% of the consolidated net profit for the fiscal year, proposing a final dividend of HKD 0.25 per share, resulting in an annual dividend of HKD 0.49 per share with a payout ratio of 51.2%[50] - The company will suspend the registration of shareholders from June 23, 2025, to June 26, 2025, to determine eligibility for attending the annual general meeting[48] - The company will also suspend the registration of shareholders from July 9, 2025, to July 10, 2025, for eligibility to receive the proposed final dividend[49] Future Outlook and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[3] - The company plans to continue expanding its services in the insurance and personal loan sectors to drive future growth[26] - The group aims to enhance customer experience through a new integrated rewards platform, allowing seamless management of points from various merchants[88] - The outlook for 2025 anticipates moderate global economic growth, supported by policy measures in mainland China to stimulate local demand[86] - The group aims to improve credit assessment and monitoring methods to maintain a sustainable asset quality and accelerate approval speed[87] - New mobile payment products and self-service branch concepts will further enhance customer experience and maintain competitive advantage[88] - The group is committed to sustainable development and plans to introduce loan products that support low-carbon living[89] - The group will further invest in developing virtual card features to enhance non-contact mobile payment services in Hong Kong[90] - The group aims to leverage the potential of the Guangdong-Hong Kong-Macao Greater Bay Area to expand its customer base and enhance corporate governance[91] Customer Loans and Receivables - As of February 28, 2025, total customer loans and receivables amounted to HKD 7,329,378,000, an increase from HKD 6,960,859,000 as of February 29, 2024, representing a growth of approximately 5.3%[38] - The breakdown of customer loans and receivables shows that the first stage accounts for 95.8% of the total, with HKD 7,018,669,000, compared to 96.0% or HKD 6,682,702,000 in the previous year[38] - The impairment provision for receivables as of February 28, 2025, was HKD 264,939,000, up from HKD 247,091,000 on February 29, 2024, indicating an increase of approximately 7.2%[39] - The total amount of loans and receivables, net of impairment provisions, was HKD 7,064,439,000 as of February 28, 2025, compared to HKD 6,713,768,000 in the prior year, reflecting a growth of about 5.2%[37] - The company’s total customer loans and receivables are categorized into three stages, with the first stage being the largest contributor to the overall balance[38] Accounting Standards and Compliance - The group has adopted new accounting standards for classifying liabilities as current or non-current, effective from the current fiscal year[16] - The amendments clarify that the classification of liabilities should be based on rights existing at the end of the reporting period, not management's intentions[18] - The application of the new accounting policies has no significant impact on the consolidated financial statements for the current year[17] - The amendments provide additional guidance on assessing rights to defer settlement of liabilities for at least twelve months from the reporting date[16] - The group has implemented the revised Hong Kong Financial Reporting Standards without significant effects on past financial performance[15] - The new Hong Kong Financial Reporting Standards (HKFRS) No. 18 will replace HKAS No. 1, introducing new presentation and disclosure requirements for financial statements[20] - The implementation of HKFRS No. 18 is expected to impact the presentation of the income statement and future disclosures in financial statements[21] - The company is currently assessing the detailed impact of HKFRS No. 18 on its consolidated financial statements[21] - The new standards will take effect for annual periods beginning on or after January 1, 2027, with early application permitted[21] - The main accounting policies adopted in the consolidated financial statements are consistent with those used in the preparation of the financial statements for the year ended February 29, 2024[23] Operational Highlights - The company completed the relocation of its data center and redeployment of core system platforms to support ongoing digital transformation, with upgraded applications for credit assessment and the launch of virtual card features[53] - The overall sales revenue reached a historical high with a continuous growth of 10.5% compared to the previous fiscal year, while customer loans and accounts receivable increased by 5.3%[54] - The company secured HKD 300 million in sustainable performance-linked loans from a consortium of nine regional and local banks, demonstrating its commitment to integrating sustainability into its operations[55] - The company expanded its branch network, including the opening of a new branch in Sha Tin in June 2024, to enhance customer service and meet growing demand for face-to-face consultations[56] - The upgraded credit application processing platform facilitated the launch of virtual credit card features in the "AEON Hong Kong" mobile app, allowing customers to make purchases immediately after approval[57] - The company enhanced its credit monitoring models and data analysis tools to improve credit risk allocation and proactively identify customers needing credit consultation[58] - The core data center was relocated to a more efficient site, adhering to internationally recognized green building certification standards, enhancing the company's IT infrastructure for future product launches[59] Employee and Corporate Governance - As of February 28, 2025, the total number of employees is 596, with 380 in Hong Kong and 216 in mainland China[92] - The company maintains high standards of corporate governance, balancing the interests of shareholders, customers, employees, and other stakeholders[93] - The group celebrates the 35th anniversary of AEON Credit Financial Services in the Hong Kong market, focusing on innovative and customized products[91] - The annual performance has been reviewed by the audit committee, ensuring compliance with financial reporting standards[96] - The group will publish its annual report containing relevant information as required by listing rules at an appropriate time[98]

Financial Performance - For the nine months ending November 30, 2024, the company reported a total revenue of HKD 1,304,551,000, an increase from HKD 1,192,889,000 in the same period last year, representing a growth of approximately 9.36%[2] - The net interest income for the current period was HKD 1,008,263,000, compared to HKD 928,720,000 in the previous year, reflecting an increase of about 8.58%[2] - Operating income for the nine months was HKD 1,217,802,000, up from HKD 1,115,111,000, indicating a growth of approximately 9.19%[2] - The company reported a profit before tax of HKD 328,748,000, slightly down from HKD 339,443,000, showing a decrease of about 3.06%[2] - The net profit for the period was HKD 275,307,000, compared to HKD 282,263,000 in the previous year, a decline of approximately 2.93%[2] - The basic earnings per share decreased to HKD 65.74 from HKD 67.40, reflecting a decline of about 2.47%[2] - Total comprehensive income for the period was HKD 267,664,000, an increase from HKD 243,410,000, representing a growth of approximately 9.97%[16] Assets and Liabilities - The total assets as of November 30, 2024, were HKD 2,042,612,000, compared to HKD 2,007,847,000, indicating an increase of about 1.73%[20] - The company’s total liabilities were HKD 2,322,924,000, up from HKD 1,677,543,000, reflecting a significant increase of approximately 38.54%[20] - The net amount of current assets was HKD 3,539,623,000, down from HKD 3,875,842,000, indicating a decrease of about 8.66%[20] - Total equity increased to HKD 4,134,649 thousand as of November 30, 2024, compared to HKD 4,067,993 thousand in the previous period, reflecting a growth of approximately 1.64%[24] - The total liabilities decreased to HKD 5,582,235 thousand from HKD 5,883,689 thousand, indicating a reduction of approximately 5.11%[24] Cash Flow - For the nine months ending November 30, 2024, the net cash generated from operating activities was HKD 24,855,000, compared to a net cash outflow of HKD 559,966,000 for the same period in 2023[26] - The cash and cash equivalents at the end of the period were HKD 229,386,000, down from HKD 284,126,000 at the end of the previous year[26] - The company reported a net cash outflow from investment activities of HKD 38,385,000 for the nine months ending November 30, 2024, compared to HKD 85,961,000 in the same period of 2023[26] - The company incurred a net cash outflow of HKD 44,694,000 for lease liabilities and paid interest during the nine months ending November 30, 2024[26] Customer Loans and Receivables - The total customer loans and receivables as of November 30, 2024, amounted to HKD 7,354,369,000, with HKD 5,458,623,000 in customer loans and HKD 7,135,907,000 in receivables[47] - The total customer loans and receivables balance as of November 30, 2024, was HKD 7,354,369,000, representing a 5.7% increase from HKD 6,960,859,000 as of February 19, 2024[53] - The first stage loans, which have not shown significant increases in credit risk, accounted for 95.6% of total customer loans and receivables as of November 30, 2024[53] - The second stage loans, indicating a significant increase in credit risk, represented 0.9% of total customer loans and receivables as of November 30, 2024[54] - The third stage loans, which have experienced credit loss events, accounted for 3.5% of total customer loans and receivables as of November 30, 2024[55] Impairment and Provisions - The company reported a decrease in impairment provisions for receivables, with HKD 268,200,000 as of November 30, 2024, compared to HKD 247,091,000 as of February 29, 2024[49] - The total expected credit loss remeasurement during the period was HKD 338,885,000, with significant contributions from the third stage loans[51] - Impairment losses and provisions increased by 28.8% or HKD 76.1 million to HKD 340.2 million, up from HKD 264.1 million in the previous year[79] Marketing and Business Strategy - The company plans to continue expanding its services and improving its product offerings to enhance market presence[35] - The marketing strategy focused on targeted promotional activities to attract customers and drive local and international sales growth[62] - The group successfully implemented targeted marketing plans, leading to continuous growth in credit card and personal loan receivables despite slow local consumer recovery[71] - The company has prioritized the digitization of operations, enhancing call center capabilities and developing data analytics tools to improve marketing and credit management[64] Economic Outlook - The economic outlook in mainland China has improved, which is expected to enhance consumer confidence and positively impact local market sentiment[60] - The overall business environment in Hong Kong is gradually improving due to U.S. interest rate cuts and stimulus measures in mainland China[93] - The local consumption market is expected to continue a slow recovery, with a focus on overseas and online sales growth[94] Sustainability and Innovation - The company is committed to reducing carbon footprint and energy consumption through digital payment solutions and energy-saving measures[95] - The new credit card design reflects the company's commitment to innovation and sustainability, incorporating contactless payment and recycled plastic features[64] - The introduction of online private loan confirmation programs will enhance customer convenience and reduce paper consumption[95]

AEON CREDIT SERVICE (ASIA) COMPANY LIMITED AEON 信 貸 財 務 ( 亞 洲 ) 有 限 公 司 (於香屋注冊成立之有限公司) (股份代號：900) 中 期 報 告 止 六 個 月 截 至 二 零 二 四 年 八 月 三 十 一 日 COBDARE 目錄 目 錄 頁次 公司資料 2 財務摘要 3 財務報表 簡明綜合損益表 4 簡明綜合損益及其他全面收益表 5 簡明綜合財務狀況表 6 簡明綜合股東權益變動報表 8 簡明綜合現金流動表 9 簡明綜合財務報表附註 10 暫停辦理股份過戶登記手續 34 管理層論述與分析 34 信貸業務模式及主要內部監控 44 風險管理 47 企業管治及其他資料 52 簡明綜合財務報表審閱報告 57 詞彙 59 – 1 – 公司资料 | --- | --- | |----------------------------|---------------------------------------------------------| | | | | 並 事 曾 | 主要往來銀行 | | 執行董事 | Mizuho Bank, Ltd. | ...

Financial Performance - The company reported a net interest income of HKD 860,321 thousand for the six months ending August 31, 2024, compared to HKD 783,109 thousand for the same period in 2023, representing an increase of approximately 9.8%[1] - The operating profit before impairment losses was HKD 425,969 thousand, up from HKD 381,297 thousand in the previous year, indicating a growth of about 11.7%[1] - The net profit for the period was HKD 170,361 thousand, a decrease of 11.0% from HKD 191,426 thousand in the same period last year[2] - The company’s total assets amounted to HKD 5,901,177 thousand as of August 31, 2024, compared to HKD 5,883,689 thousand as of February 29, 2024, reflecting a slight increase[3] - The company’s operating expenses increased to HKD 378,246 thousand from HKD 351,383 thousand, indicating a rise of approximately 7.6%[1] - The total comprehensive income for the period was HKD 158,549 thousand, slightly up from HKD 156,683 thousand year-over-year[2] - Total revenue for the six months ended August 31, 2024, was HKD 860,321,000, representing an increase from HKD 783,109,000 in the same period last year, a growth of approximately 9.9%[12] - Interest income increased to HKD 734,492,000 for the six months ended August 31, 2024, compared to HKD 657,771,000 for the same period in 2023, reflecting a growth of about 11.6%[12] Customer Loans and Receivables - Customer loans and receivables reached HKD 1,572,145 thousand, up from HKD 1,512,414 thousand, marking an increase of approximately 3.9%[3] - The total amount of customer loans and receivables as of August 31, 2024, was HKD 7,225,325,000, representing a 3.8% increase from HKD 6,960,859,000 as of February 29, 2024[25] - The first stage of customer loans and receivables accounted for 95.7% of the total, indicating stable credit risk without significant increases[25] - The second stage of customer loans and receivables accounted for 0.9%, showing a slight increase in credit risk[26] - The third stage of customer loans and receivables accounted for 3.4%, indicating the occurrence of credit loss events[26] Impairment and Provisions - The provision for impairment as of August 31, 2024, was HKD 269,509,000, compared to HKD 247,091,000 as of February 29, 2024, indicating an increase of 9.1%[27] - The total impairment provision amounted to HKD 269,509,000, an increase from HKD 234,495,000 as of August 31, 2023, representing a growth of approximately 14.94%[28] - Impairment losses and provisions increased by 43.4% to HKD 236,100,000 from HKD 164,600,000 in the previous year[46] Dividends and Shareholder Returns - The company paid dividends amounting to HKD 100,504 thousand during the period, up from HKD 92,128 thousand in the previous year, representing an increase of approximately 9%[7] - The interim dividend declared for October 16, 2024, is HKD 0.240 per share, an increase from HKD 0.220 per share for the same period in 2023, totaling HKD 100,504,000[22] - The group maintained a dividend payout of HKD 0.24 per share, with a payout ratio of 59.0%, consistent with its policy of distributing at least 30.0% of net profit as dividends[39] Credit Card and Personal Loan Performance - Credit card income from card issuance decreased to HKD 19,386,000 from HKD 31,223,000, a decline of approximately 38.0% year-over-year[12] - The group’s total income from credit cards for the six months ended August 31, 2024, was HKD 668,977,000, compared to HKD 624,052,000 in the same period last year, indicating a growth of approximately 7.2%[13] - The group’s total income from personal loans for the six months ended August 31, 2024, was HKD 175,961,000, compared to HKD 148,001,000 in the same period last year, reflecting an increase of about 18.9%[13] - Credit card business accounted for 77.8% of total revenue, down from 79.7% in the previous year, while personal loan business increased to 20.5% from 18.9%[49] Operational Developments - The company established a new branch in Sha Tin in June 2024 to diversify its branch network and meet the growing demand for face-to-face consultation services[36] - The group successfully relocated its core data center to a new facility in Jiangjun Ao, enhancing operational reliability and sustainability[38] - The company has implemented various measures to drive sales and improve receivables growth during the reporting period, responding to a slower-than-expected economic recovery[36] Taxation and Compliance - Hong Kong profits tax for the period ending August 31, 2024, amounted to HKD 37,868,000, an increase of 26.5% from HKD 29,899,000 for the same period in 2023[20] - The effective tax rate for Hong Kong profits tax was calculated at 16.5% based on estimated taxable profits[20] - The company confirmed compliance with the standards for securities trading by its directors throughout the review period[35] Workforce and Corporate Governance - The group has a total of 581 employees as of August 31, 2024, compared to 567 employees as of February 29, 2024, indicating growth in workforce[58] - The company has maintained a high level of corporate governance, adhering to applicable corporate governance codes during the reporting period[34] Future Outlook and Strategies - The company anticipates a downward trend in market interest rates following a 50 basis point cut in September, which may alleviate funding cost pressures[52] - The company plans to enhance customer relationship management and marketing strategies to adapt to changing consumer behavior[53] - The group intends to leverage its strong liquidity and management capabilities to capitalize on the recovery opportunities in the consumer finance market[54]

私 人 貸 款 業 務 方 面，由 於 應 收 款 項 餘 額 逐 步 增 加，二 零 二 四╱二 五 財 年 第 一 季 度 的 收 入 由 去 年 同 期 的70,700,000港 元 增 加21.9%或15,500,000港 元 至 86,100,000港 元。然 而，該 收 入 增 加 未 能 彌 補 報 告 期 間 持 續 高 企 的 融 資 成 本 以 及 減 值 虧 損 和 減 值 準 備 的 增 加，報 告 期 間，集 團 分 類 業 績 錄 得 虧 損 2,200,000港 元，而 二 零 二 三╱二 四 財 年 第 一 季 度 溢 利 為14,100,000港 元。 地 域 分 類 方 面，由 於 應 收 款 項 餘 額 增 加，香 港 業 務 的 收 入 從 二 零 二 三╱ 二 四 財 年 第 一 季 度 的373,300,000港 元 增 加12.0%，或45,000,000港 元，至 二 零 二 四╱二 五 財 年 第 一 季 度 的418,300,000港 元，而 分 類 業 績 則 有 所 下 降，由 於 融 資 成 本 高 企 及 消 費 環 境 低 迷，由 二 零 二 三╱ ...

在 信 用 卡 方 面，本 集 團 於 報 告 年 度 錄 得 信 用 卡 銷 售 額 逐 步 增 長，並 持 續 累 積 循 環 信 用 卡 餘 額，這 受 惠 於 持 續 建 設 的 品 牌 效 應 以 產 生 更 多 的 市 場 知 名 度 及 推 出 廣 受 好 評 的 營 銷 計 劃。因 此，來 自 信 用 卡 分 類 的 收 入 由 二 零 二 二 財 年 的963,400,000港 元 增 加33.3%或320,400,000港 元 至 二 零 二 三 財 年 的1,283,800,000港 元。收 入 的 大 幅 增 長 抵 銷 了 借 貸 成 本、減 值 損 失 及 撥 備 的 增 加，這 使 得 報 告 年 度 的 分 類 業 績 錄 得24.7%或83,300,000港 元 的 增 長， 由 過 去 年 度 的337,600,000港 元 增 加 至 報 告 年 度 的421,000,000港 元。 在 私 人 貸 款 方 面，截 至 二 零 二 四 年 二 月 二 十 九 日，私 人 應 收 貸 款 較 二 零 二 三 年 二 月 二 十 八 日 的 餘 額 增 加24.5%，主 要 ...

Financial Performance - As of November 30, 2023, the total equity of the group was HKD 3,943,200,000, an increase of 1.3% or HKD 50,800,000 compared to HKD 3,892,500,000 on February 28, 2023[13] - The group reported a sales growth of 18.5% for the first nine months of the fiscal year 2023 compared to the same period in the previous year[30] - The company reported a total income of HKD 1,192,889,000 for the nine months ended November 30, 2023, an increase from HKD 887,361,000 for the same period in 2022, representing a growth of approximately 34.3%[48] - The pre-tax profit for the nine months ended November 30, 2023, was HKD 339,443,000, compared to HKD 299,664,000 for the same period in 2022, reflecting an increase of about 13.3%[48] - The company recorded a total comprehensive income of HKD 243,410,000 for the nine months ended November 30, 2023, compared to HKD 292,255,000 for the same period in 2022[56] - The company achieved a profit for the period of HKD 282,263 thousand, which is a 12.7% increase from HKD 250,314 thousand in the prior year[64] - The company’s credit card income for the nine months ended November 30, 2023, was HKD 945,285,000, up from HKD 694,582,000 in the same period of the previous year, marking an increase of about 36.1%[48] Customer Loans and Receivables - The group reported a significant increase in customer loans and receivables, with total loans rising from HKD 1,263,900,000 on February 28, 2023, to HKD 1,539,300,000 on November 30, 2023, representing a growth of 21.0%[13] - Customer loans and receivables increased by 16.8% compared to February 2023[30] - Total customer loans and receivables amounted to HKD 6,814,828,000 as of November 30, 2023, with a provision for impairment of HKD 254,794,000[43] - Credit card receivables stood at HKD 5,091,392,000, while personal loan receivables were HKD 1,539,278,000 as of November 30, 2023[43] - As of November 30, 2023, total customer loans and receivables amounted to HKD 6,814,800,000, representing an increase of 16.8% or HKD 978,600,000 compared to HKD 5,836,200,000 on February 28, 2023[123] Credit Risk and Impairment - The group experienced an increase in credit impairment losses, which rose from HKD 140,200,000 in the previous year to HKD 264,100,000 during the reporting period[12] - The impairment provision increased to HKD 254,794,000 as of November 30, 2023, from HKD 191,709,000 as of February 28, 2023, indicating a rise of approximately 32.9%[45] - The total amount of impaired customer loans and receivables increased from HKD 254,000,000 on February 28, 2023, to HKD 322,100,000 on November 30, 2023[123] - The proportion of higher credit risk loans and receivables rose slightly from 4.3% in February 2023 to 4.7% by November 30, 2023[30] Revenue and Income Sources - The net interest income increased, with total operating income rising, resulting in a cost-to-income ratio decreasing from 56.6% in the first nine months of 2022 to 47.8% in the same period of 2023[11] - Other income decreased by HKD 10,300,000 to HKD 7,600,000 in the first nine months of 2023 compared to the same period last year[9] - The credit card business accounted for 79.2% of the group's revenue in the first nine months of 2023, up from 78.3% in the same period last year[15] - Revenue from the Hong Kong business increased by 34.6% or HKD 301,000,000 to HKD 1,172,400,000 compared to HKD 871,400,000 in the first nine months of the previous year[127] Operating Expenses and Liabilities - Operating expenses for the period totaled 532,677 thousand HKD, an increase from 497,615 thousand HKD in the previous year[40] - The company’s total liabilities were HKD 1,685,843 thousand, up from HKD 1,190,832 thousand, reflecting increased borrowing[58] - The total liabilities to equity ratio increased from 0.5 on February 28, 2023, to 0.7 on November 30, 2023, with total equity to total assets ratios of 53.4% and 60.3% respectively[6] Market and Economic Conditions - The group faced macroeconomic challenges including high inflation and rising interest rates, impacting consumer confidence[27] - The company anticipates that inbound tourism and personal consumption will continue to stimulate economic growth this year[128] Strategic Initiatives - The group aims to expand its customer base through innovative and personalized credit card services, leveraging its strong liquidity and balance sheet[20] - The company plans to continue expanding its market presence and enhancing its product offerings in the upcoming quarters[48] - The company plans to accelerate sales and accounts receivable growth while maintaining improved credit assessment techniques[113] - New non-contact payment products and digital services will continue to be launched to enhance customer experience and maintain competitive advantage[113] - The group has integrated sustainable practices by issuing credit cards made from recycled PVC, enhancing its commitment to sustainability[32] - The company aims to further reduce its carbon footprint and energy consumption by adopting more paperless payment solutions and digital solutions[129]

– 31 – 暫停辦理股份過戶登記手續 本公司將於二零二三年十月十六日（星期一）至二零二三年十月十七日（星期二）（包括首尾兩日） 暫停股東名冊的登記。期間內，將不會辦理股份過戶登記。為符合領取中期股息之資格，所有 股份過戶文件連同有關股票必須於二零二三年十月十三日（星期五）下午四時三十分前送達本公 司之股份過戶登記處卓佳秘書商務有限公司，地址為香港夏愨道16號遠東金融中心17樓。 在市場環境氣氛持續向好的情況下，本集團於報告期間及時採取多項措施，推動銷售及應收賬 款健康增長，維持優質的產品組合同時締造收入，增長及彈力。 管理層論述與分析（續） 私人貸款方面，隨著開設新分行並投入具個性化的營銷活動，以及即時貸款的推廣，私人貸款 應收款項於二零二三年八月三十一日的餘額較二零二二年八月三十一日增加38.5%。私人貸款 收入由二零二二年度上半年的110,900,000港元增加33.4%或37,100,000港元至二零二三年度上半 年的148,000,000港元。然而，由於融資成本、減值準備損失的增加，加上去年同期的不良資產 處置收益，拖累分類業績由二零二二年度上半年36,800,000港元下降9,900,000港元至 ...