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]

Financial Performance - For the first half of 2023, the company reported a pre-tax profit of HKD 230.9 million, an increase of 9.4% or HKD 19.8 million compared to the same period in 2022[62]. - The net profit after tax rose by 8.3%, from HKD 176.8 million in the first half of 2022 to HKD 191.4 million in the first half of 2023[62]. - Earnings per share increased from HKD 0.4221 to HKD 0.4571 during the reporting period[62]. - The group’s sales for the first half of 2023 increased by 24.6% compared to the same period in 2022[77]. - Total revenue for the period from March 1, 2023, to August 31, 2023, reached HKD 783,109,000, a significant increase of 37% compared to HKD 571,730,000 for the same period in 2022[146]. - Interest income for the same period was HKD 657,771,000, up 37% from HKD 479,715,000 in the previous year[150]. - The group reported a profit before tax of HKD 230,865,000 for the period, compared to HKD 211,111,000 for the same period in 2022, reflecting an increase of 9%[149]. - The profit for the period was HKD 191,426,000, an increase from HKD 176,774,000 in the previous year[98]. Customer Loans and Receivables - Private loan receivables increased by 38.5% to HKD 148 million for the first half of 2023 compared to HKD 110.9 million in the same period of 2022, despite a decline in classified performance from HKD 36.8 million to HKD 26.9 million[5]. - Total customer loans and receivables increased to HKD 6,439,903,000 as of August 31, 2023, compared to HKD 4,822,040,000 as of August 31, 2022, reflecting a growth of approximately 33.5%[176]. - The net increase in customer loans and receivables for the period was HKD 731,821,000, compared to a net increase of HKD 640,055,000 in the previous period, showing an increase of approximately 14.3%[176]. - Customer loans and receivables increased to HKD 4,780,681 thousand, up from HKD 4,404,568 thousand, representing a growth of about 8.5%[101]. - The company reported a total of HKD 4,817,439,000 in receivables from credit card accounts as of August 31, 2023, an increase from HKD 4,481,038,000[191]. Equity and Debt - The net debt to equity ratio increased to 0.6 as of August 31, 2023, compared to 0.5 on February 28, 2023, indicating a rise in leverage[9]. - The company reported a total equity of HKD 3,957 million as of August 31, 2023, compared to HKD 3,892 million on February 28, 2023[9]. - As of August 31, 2023, the company's debt consists of 59.4% equity and 40.6% direct borrowings, with a debt-to-equity ratio of 0.6, up from 0.5 on February 28, 2023[24]. - The average duration of the company's debt was 2.1 years as of August 31, 2023, compared to 1.9 years as of February 28, 2023[23]. - The total equity rose to HKD 3,957,015 thousand from HKD 3,892,460 thousand, indicating an increase of approximately 1.7%[101]. Dividends - The interim dividend declared is HKD 0.24 per share, up from HKD 0.22 per share in the first half of 2022, with a payout ratio of 52.5%[79]. - The company declared a final dividend of HKD 92,128 thousand for the fiscal year 2022/2023[121]. - The company declared a final dividend of HKD 0.22 per share, totaling HKD 92,128,000, consistent with the previous year's dividend[153]. Risk Management - The company has implemented policies to monitor and manage credit risk, significantly reducing its credit risk exposure[31]. - The company has adopted interest rate swaps to convert variable rate debt to fixed rates, mitigating cash flow interest rate risk[29]. - The company continues to utilize long-term bank loans to fund growing receivables, mitigating liquidity risk[14]. - The company has invested resources in cybersecurity risk management to enhance its network defense capabilities[47]. Sustainability and Development - The company has established key performance indicators related to sustainability for its subsidiaries, focusing on improving internal processes for greater sustainable development[7]. - The company is focusing on sustainable development, introducing new uniforms made from recycled materials to reduce carbon footprint[77]. - A strategy committee was established on June 29, 2023, to oversee strategic initiatives within the company[50]. Customer Engagement and Services - The company aims to enhance customer experience and expand its credit card services, leveraging strong liquidity and financial stability to capture growth in the consumer finance market[7]. - The company issued 81,000 AEON cards in the first year of the cash rebate loyalty program, indicating strong customer engagement[46]. - The new mobile app includes features such as biometric authentication and simplified payment options to enhance credit card services[82]. - The Tuen Mun branch was relocated to a new site with nearly double the floor area to improve customer experience[82]. Operational Performance - The operating income for the first half of 2023 was HKD 732,680,000, compared to HKD 572,265,000 in the same period of 2022[96]. - Operating expenses increased to HKD 351,383,000 from HKD 323,464,000, primarily driven by higher employee costs and administrative expenses[152]. - The company has implemented various measures to promote healthy growth in sales and receivables amidst a favorable market environment[3]. Asset Management - The company has reported a significant increase in property, plant, and equipment to HKD 172,083 thousand from HKD 84,584 thousand, marking a growth of approximately 103.5%[100]. - The company purchased property, plant, and equipment amounting to HKD 118,100,000 during the period, a significant increase from HKD 8,532,000 in the previous year[189]. - The company has issued new direct holding company loans amounting to HKD 500,000 thousand, which was not present in the previous period[101]. Cash Flow and Investments - The net cash used in operating activities for the six months ended August 31, 2023, was HKD (327,527) thousand, compared to HKD (312,019) thousand for the same period in 2022[103]. - The company incurred a net cash outflow from investing activities of HKD (68,778) thousand, compared to HKD (31,769) thousand in the prior year, indicating a worsening of approximately 116%[103]. - The cash and cash equivalents at the end of the period were HKD 346,802 thousand, compared to HKD 426,922 thousand at the end of the previous period, reflecting a decrease of about 18.7%[103]. Accounting and Compliance - The company applied new accounting standards which did not have a significant impact on the financial position and performance[124]. - The company continues to assess the impact of deferred tax assets and liabilities related to temporary differences in accordance with the revised accounting standards[126]. - The company has applied Hong Kong Accounting Standard No. 1 and the revised Practical Guidance No. 2, which will be effective for the financial year starting March 1, 2023[157].

Financial Performance - The profit for the six months ended August 31, 2023, was HKD 191,426,000, compared to HKD 176,774,000 for the same period last year, representing an increase of approximately 8.3%[3] - The total comprehensive income for the period was HKD 156,683,000, down from HKD 209,026,000, indicating a decrease of about 25.1%[4] - The group reported a revenue of HKD 783,109,000 for the six months ended August 31, 2023, representing a 37% increase from HKD 571,730,000 in the same period last year[27] - Net interest income increased to HKD 611,050,000, up 32.5% from HKD 463,632,000 year-on-year[27] - The operating profit before impairment losses was HKD 381,297,000, a 53% increase compared to HKD 248,801,000 in the previous year[27] - Profit before tax was HKD 230,865,000, reflecting a 9.5% increase from HKD 211,111,000 in the prior period[27] - Basic earnings per share increased to HKD 45.71 from HKD 42.21, marking a 5.9% rise[27] - The company reported a pre-tax profit of HKD 230,865,000, compared to HKD 211,111,000 in the previous period, indicating a growth of around 9.3%[69] Assets and Liabilities - Non-current assets increased significantly to HKD 172,083,000 from HKD 84,584,000, reflecting a growth of approximately 103.5%[10] - Customer loans and receivables rose to HKD 1,424,727,000, up from HKD 1,239,940,000, marking an increase of about 14.9%[10] - Total equity as of August 31, 2023, was HKD 3,957,015,000, compared to HKD 3,892,460,000, showing an increase of approximately 1.7%[11] - The total assets less current liabilities amounted to HKD 5,990,552,000, an increase from HKD 5,266,848,000, representing a growth of about 13.7%[11] - The group’s total assets as of August 31, 2023, were HKD 3,957,015,000, an increase from HKD 3,750,440,000 as of August 31, 2022[32] - As of August 31, 2023, total customer loans and receivables amounted to HKD 6,439,903, an increase from HKD 5,836,217 as of February 28, 2023, representing a growth of 10.3%[88] Cash Flow and Operating Activities - The net cash used in operating activities was HKD (327,527,000), slightly worse than HKD (312,019,000) in the previous period[14] - The cash and cash equivalents at the end of the period were HKD 346,802,000, down from HKD 426,922,000, indicating a decrease of approximately 18.7%[14] - The group’s cash flow from operating activities for the six months ended August 31, 2023, was not disclosed in the provided content[33] Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.22 per share, totaling HKD 92,128,000 for the fiscal year 2022/2023[59] - The company declared an interim dividend of HKD 0.24 per share, totaling HKD 100,504,000, to be paid on October 31, 2023[112] - The group issued an interim dividend of HKD 0.24 per share, up from HKD 0.22 per share in the previous year, with a payout ratio of 52.5%[155] Customer Loans and Receivables - The company reported a significant increase in customer loans and receivables, with a total of HKD 4,780,681,000, compared to HKD 4,404,568,000, reflecting a growth of about 8.5%[10] - Non-credit impaired customer loans amounted to HKD 651,073,000, up from HKD 475,725,000, which shows a growth of approximately 36.8%[54] - The first stage of customer loans and receivables accounted for 95.6% of the total, with HKD 6,156,277, while the second and third stages accounted for 1.1% and 3.3%, respectively[88] - The total amount of customer loans and receivables (excluding impairment provisions) was HKD 234,495 as of August 31, 2023[115] Impairment and Provisions - The increase in impairment losses and provisions rose from HKD 89,500,000 to HKD 164,600,000, an increase of 83.9% due to rising credit risk[163] - The impairment provision as of August 31, 2023, was HKD 234,500,000, accounting for 3.6% of total customer loans and receivables, up from 3.3% on February 28, 2023[165] Market and Economic Outlook - The overall economic environment is expected to improve, with signs of recovery in the Hong Kong economy, particularly in the travel and service sectors due to increased visitor numbers from mainland China[170] - The company aims to enhance sustainable development through improved internal business processes and key performance indicators[172] Corporate Governance and Compliance - The company maintained a high level of corporate governance, adhering to applicable corporate governance codes throughout the reporting period[125] - The group confirmed the recognition of deferred tax liabilities for all taxable temporary differences, ensuring compliance with the revised accounting standards[40] Strategic Initiatives - The company expanded its branch network, relocating the Tuen Mun branch to a new site with nearly double the area to enhance customer experience[102] - New credit card and loan systems, along with the AEON one-stop online financial service and "AEON HK" mobile app, were launched to support new payment solutions and product advantages[104] - The group plans to enhance customer relationship management and promote interaction through various channels, including new contactless payment products and digital services[149]

Financial Performance - Revenue for the period from March 1, 2023, to May 31, 2023, reached HKD 379,953,000, a 36% increase from HKD 279,059,000 in the same period last year[3] - Net interest income for the current period was HKD 297,209,000, compared to HKD 226,087,000, reflecting a 31% growth[3] - Operating profit before impairment losses was HKD 176,953,000, up from HKD 126,896,000, representing a 39% increase[3] - Profit before tax for the current period was HKD 117,458,000, compared to HKD 98,324,000, indicating a 19% rise[3] - Basic earnings per share increased to HKD 23.16 from HKD 19.74, marking a 17% growth[3] - The company reported a net profit of HKD 96,967,000 for the three months ended May 31, 2023, compared to HKD 82,663,000 for the same period in 2022, representing an increase of approximately 17.2%[16] - The company reported a pre-tax profit of HKD 117,500,000, an increase of 19.5% or HKD 19,100,000 compared to the same period last year[66] - The net profit after tax rose by 17.3% or HKD 14,300,000, from HKD 82,700,000 to HKD 97,000,000[66] Comprehensive Income - Total comprehensive income for the period was HKD 75,093,000, down from HKD 107,518,000, a decrease of 30%[9] - Total comprehensive income for the period was HKD 75,093,000, down from HKD 107,518,000 in the previous year, indicating a decrease of approximately 30%[16] Assets and Liabilities - Non-current assets as of May 31, 2023, totaled HKD 1,481,400,000, a decrease from HKD 1,589,787,000[12] - Customer loans and receivables amounted to HKD 4,869,272,000, an increase from HKD 4,404,568,000, reflecting a growth of 10%[12] - The company reported a significant increase in non-current liabilities, with bank loans rising to HKD 1,711,591,000 from HKD 1,317,698,000, a 30% increase[14] - Total equity increased to HKD 3,967,553,000 from HKD 3,892,460,000, showing a growth of 2%[14] - The total assets as of May 31, 2023, amounted to 6,811,700,000 HKD, compared to 6,457,700,000 HKD at the end of February 2023[49] - The net debt to equity ratio increased from 0.4 on February 28, 2023, to 0.5 on May 31, 2023[43] Cash Flow - The net cash used in operating activities was HKD (187,229,000) for the three months ended May 31, 2023, compared to HKD (41,151,000) in the same period of 2022, showing a significant increase in cash outflow[18] - The company incurred a net cash outflow from investing activities of HKD (58,285,000) for the three months ended May 31, 2023, compared to HKD (20,303,000) in the same period last year, indicating increased investment expenditures[18] - The cash and cash equivalents at the end of the period were HKD 387,849,000, a decrease from HKD 547,774,000 at the end of the same period last year[18] Customer Loans and Receivables - The total customer loans and receivables amounted to HKD 6,158,463, with a provision for impairment of HKD 214,436[57] - The total amount of customer loans and receivables increased by 5.5% compared to the end of February 2023, amounting to 214,436,000 HKD[33] - Total customer loans and receivables increased by 5.5% or HKD 322,300,000 to HKD 6,158,500,000 as of May 31, 2023[87] Marketing and Business Development - The company successfully launched a new credit card and loan system in early March 2023, enhancing online security and customer service[65] - The group plans to focus on integrating digital and traditional marketing channels to promote credit card and personal loan products, while also exploring new investment opportunities[77] - The group plans to enhance digital marketing and provide new payment solutions following the completion of the credit card and loan system upgrade project[92] Expenses - Marketing and promotional expenses increased by 4,200,000 HKD to 25,300,000 HKD during the reporting period[47] - The company recorded an increase in fees and overdue charges by HKD 14,300,000 to HKD 30,600,000 during the reporting period[69] - Interest expenses rose 162.0% or HKD 12,600,000 to HKD 20,400,000 due to increased borrowing and market rates, with average funding costs rising from 2.6% to 3.8%[82] Credit Risk and Impairment - The company effectively managed credit risk, contributing to stable asset quality despite the challenges posed by the pandemic[42] - The group recorded an increase in impairment losses and provisions from HKD 36,800,000 to HKD 68,000,000 due to a significant rise in customer loans and receivables[86] - The proportion of loans and receivables classified as credit risk significantly deteriorated decreased from 4.3% to 4.1% between February 28, 2023, and May 31, 2023[42] Subsidiary Performance - The insurance brokerage business saw a decline in revenue to HKD 5,600,000 and performance to HKD 2,400,000, down from HKD 7,500,000 and HKD 4,200,000 respectively in the same period last year[75] - Revenue from the Shenzhen micro-lending subsidiary increased by HKD 1,300,000 to HKD 6,600,000, while performance from the Tianjin micro-lending subsidiary rose from HKD 700,000 to HKD 1,300,000[76] - Credit card receivables increased, driving credit card business revenue up 39.3% or HKD 85,600,000 to HKD 303,700,000 compared to the same period last year[74] - Private lending revenue increased by 32.1% or HKD 17,200,000 to HKD 70,700,000 compared to HKD 53,500,000 in the same period last year[89] - Hong Kong business revenue increased by 36.4% from HKD 273.8 million in Q1 2022 to HKD 373.3 million in Q1 2023, with segment performance rising by 33.0% from HKD 93.1 million to HKD 123.8 million[90]

Financial Performance - The annual profit for the year ended February 28, 2023, was HKD 373,611,000, an increase from HKD 342,592,000 in the previous year, representing a growth of approximately 9.4%[1][13]. - The pre-tax profit for the year was HKD 449,294,000, compared to HKD 397,973,000 in the previous year, indicating an increase of about 12.9%[6][18]. - Total revenue for the year reached HKD 1,231,631,000, up from HKD 1,049,589,000 in the prior year, reflecting a growth of approximately 17.3%[13]. - The total comprehensive income attributable to the company's owners for the year was HKD 443,174,000, up from HKD 379,018,000, reflecting an increase of approximately 16.9%[15]. - The company reported a total comprehensive income of HKD 443,174,000 for the year, compared to HKD 373,611,000 the previous year, reflecting a growth of approximately 18.6%[47]. - The net profit for the year was HKD 373,611,000, compared to HKD 342,592,000 in the previous year, indicating an increase of about 9.1%[72]. - The audited profit before tax for the year ended February 28, 2023, was HKD 449.3 million, an increase of HKD 51.3 million compared to the previous fiscal year[117]. - The net profit after tax grew by 9.1%, rising from HKD 342.6 million in the fiscal year 2021 to HKD 373.6 million in the fiscal year 2022[117]. Revenue and Income Sources - Interest income for the year increased to HKD 1,032,133,000, representing a rise of 17.4% from HKD 879,273,000 in the previous year[33]. - Net interest income increased to HKD 988,005,000 from HKD 847,443,000, marking a rise of about 16.6%[13]. - The group's revenue for the fiscal year was HKD 1,231,600,000, an increase of 17.3% or HKD 182,000,000 compared to the previous fiscal year's revenue of HKD 1,049,600,000[146]. - The group's operating income for the fiscal year 2022 was HKD 1,204.2 million, an increase of 18.0% or HKD 183.6 million from HKD 1,020.5 million in the previous year[122]. - The group recorded an increase in interest expenses of 38.6% or HKD 12,300,000, rising from HKD 31,800,000 to HKD 44,100,000 due to a rise in average funding costs from 2.6% to 3.5%[148]. Expenses and Liabilities - Operating expenses rose to HKD 647,484,000 from HKD 577,861,000, which is an increase of approximately 12.0%[10][13]. - The company reported a significant increase in market and promotional expenses, which rose to HKD 118,293,000 from HKD 89,443,000, representing a growth of about 32.3%[10]. - The company’s total liabilities increased to HKD 5,266,848,000 from HKD 4,599,202,000, reflecting a growth of 14.5%[25]. - The total liabilities due within one year amounted to HKD 2,107,675, compared to HKD 1,084,139 in the previous year[76]. Assets and Equity - Total equity as of February 28, 2023, was HKD 3,892,460,000, up from HKD 3,633,542,000 a year earlier, reflecting a growth of 7.1%[25]. - The company’s reserves grew to HKD 3,622,983,000, up from HKD 3,364,065,000, marking an increase of 7.7%[25]. - Current assets rose from HKD 4,057,168,000 to HKD 4,867,893,000, an increase of approximately 20%[46]. - The company’s cash and cash equivalents decreased to HKD 387,507,000 from HKD 588,963,000, a decline of 34.2%[27]. Customer Loans and Receivables - The company’s non-credit impaired customer loans amounted to HKD 1,023,395,000, an increase from HKD 866,626,000 in the previous year[38]. - Total customer loans and receivables increased by HKD 1,561.7 million, reaching HKD 5,836.2 million as of February 28, 2023, compared to HKD 4,274.6 million a year earlier[129]. - The overdue customer loans and receivables exceeding one month totaled HKD 174,354, representing 3.0% of total customer loans and receivables as of February 28, 2023, compared to HKD 145,595 and 3.5% in the previous year[75]. - The percentage of overdue customer loans and receivables decreased from 3.5% to 3.0% of total customer loans and receivables[153]. Strategic Initiatives and Future Outlook - The company plans to implement new strategies and expand its market presence, although specific details were not disclosed in the conference call[12]. - The group anticipates that the financial performance will continue to improve in the upcoming fiscal year, driven by strategic initiatives and market expansion efforts[56]. - The company plans to leverage its strong capital base for business expansion and potential acquisitions in the coming year[134]. - The group aims to maintain sales and receivables growth momentum while closely monitoring asset quality in a highly competitive market[161]. Market and Economic Context - The Hong Kong economy experienced a 3.5% decline in GDP compared to the previous year, influenced by high inflation and geopolitical factors[112]. - The unemployment rate in Hong Kong reached a low of 3.5% in recent months, indicating a recovery in the consumer market[195].

Financial Performance - Revenue for the nine months ended November 30, 2022, was HKD 887,361,000, representing a 15.2% increase from HKD 770,280,000 in the same period last year[1]. - Profit for the period was HKD 250,314,000, up from HKD 243,256,000, indicating a 2.3% increase year-on-year[2]. - Total comprehensive income for the period reached HKD 292,255,000, compared to HKD 236,522,000 in the previous year, marking a 23.5% rise[2]. - The group reported a profit before tax of HKD 299,664,000 for the period, compared to HKD 291,839,000 in the prior year, reflecting a growth of approximately 2.5%[12]. - Revenue for the reporting period was HKD 887.4 million, representing an increase of HKD 117.1 million or 15.2% year-on-year[30]. - Net interest income for the reporting period was HKD 715.8 million, an increase of 14.1% or HKD 88.7 million compared to the previous year[31]. - Operating income increased to HKD 878.3 million for the nine months, up HKD 131.5 million from HKD 746.8 million in the previous year[32]. - The group recorded an operating profit of HKD 380.7 million for the nine months of the fiscal year 2022/2023, an increase of 17% compared to HKD 325.3 million in the same period last year[33]. Assets and Equity - Total assets as of November 30, 2022, amounted to HKD 4,634,667,000, up from HKD 4,057,168,000, reflecting a 14.2% increase[3]. - The company's equity totalled HKD 3,741,541,000, an increase from HKD 3,633,542,000, representing a growth of 3.0%[4]. - The total amount of customer loans and receivables reached HKD 5,277.2 million as of November 30, 2022, up from HKD 4,274.6 million as of February 28, 2022[36]. - Total assets increased by 18.8% from HKD 5,089.6 million as of February 28, 2022, to HKD 6,045.6 million as of November 30, 2022[35]. Customer Loans and Receivables - Customer loans and receivables increased significantly to HKD 1,081,108,000 from HKD 750,797,000, a growth of 43.9%[3]. - The total customer loans and receivables amounted to HKD 5,277,168,000, an increase from HKD 4,209,886,000 in the previous year, marking a growth of about 25.3%[19]. - The group’s credit card receivables were HKD 4,047,100,000, up from HKD 3,304,452,000 in the previous year, indicating a growth of approximately 22.4%[19]. - Personal loan receivables rose by HKD 247 million to HKD 1,152.4 million as of November 30, 2022, driven by successful marketing and brand building[36]. Operating Expenses - The group’s operating expenses totaled HKD 497,615,000, compared to HKD 421,475,000 in the previous year, representing an increase of approximately 18.0%[17]. - Total operating expenses rose to HKD 497.6 million, an increase of HKD 76.1 million or 18.1% compared to the previous year, with the expense-to-revenue ratio slightly increasing to 56.7%[32]. Cash Flow - For the nine months ended November 30, 2022, the net cash generated from operating activities was a negative HKD 652,527,000, compared to a positive HKD 95,484,000 for the same period in 2021[7]. - The net cash used in financing activities was HKD 620,326,000, contrasting with a negative cash flow of HKD 385,145,000 in the same period last year[7]. - The cash and cash equivalents at the end of the period were HKD 558,132,000, a decrease from HKD 531,287,000 at the end of the previous year[7]. Impairment and Provisions - The total amount of impairment provisions as of November 30, 2022, was HKD 199,438 thousand, with HKD 90,418 thousand in Stage 1, HKD 26,923 thousand in Stage 2, and HKD 82,097 thousand in Stage 3[21]. - Impairment losses and provisions increased by 115.6% from HKD 65 million in the previous fiscal year to HKD 140.2 million in the current fiscal year[33]. Revenue Segments - Credit card segment revenue reached HKD 694,582,000, up from HKD 611,204,000 in the previous year, indicating a year-over-year increase of about 13.6%[12]. - The group’s insurance segment revenue was HKD 19,287,000, down from HKD 21,047,000 in the previous year, reflecting a decline of about 8.4%[12]. - Revenue from Hong Kong operations increased by HKD 114,100,000 or 15.1%, from HKD 757,300,000 to HKD 871,400,000[42]. - Mainland China business revenue rose from HKD 13,000,000 to HKD 16,000,000, an increase of HKD 3,000,000 or 23.08%[43]. Strategic Initiatives - The company launched promotional activities, including a "Japan Travel Spending Reward" program, to stimulate overseas consumer spending[25]. - The group signed a new distribution partnership with An Dan Life Insurance to expand offline and online insurance sales channels, enhancing customer access to various insurance products[27]. - The group established a sustainable performance-linked loan framework, signing three agreements totaling HKD 320 million for a three-year term, marking its first sustainable financing initiative[28]. - Significant resources will be invested in digitization to improve internal business processes and sustainability[45].

Financial Performance - Revenue for the six months ended August 31, 2022, was HKD 571,730,000, an increase of 11.8% compared to HKD 511,570,000 for the same period in 2021[4] - Net interest income rose to HKD 463,632,000, up 11.1% from HKD 417,047,000 year-on-year[4] - Profit before tax for the period was HKD 211,111,000, slightly up from HKD 206,999,000 in the previous year, representing a growth of 1.1%[4] - The company reported a net profit of HKD 176,774,000, compared to HKD 172,340,000 for the same period last year, reflecting a 2.5% increase[4] - The company reported a total comprehensive income of HKD 209,026,000 for the period, compared to HKD 155,581,000 in the previous year, indicating a substantial increase of 34.3%[6] - The company reported a net profit of HKD 172,340,000 for the six months ended August 31, 2022, compared to HKD 176,774,000 in the same period of 2021, showing a slight decline of about 2.5%[9] - The company achieved a net profit of HKD 176.8 million for the first half of 2022, a 2.6% increase from HKD 172.3 million in the same period last year[67] Assets and Equity - Total assets as of August 31, 2022, amounted to HKD 4,809,988,000, an increase from HKD 4,599,202,000 as of February 28, 2022[8] - The company's total equity rose to HKD 3,750,440,000, compared to HKD 3,633,542,000 at the end of February 2022, marking a 3.2% increase[8] - Non-current assets totaled HKD 1,277,503,000, compared to HKD 1,032,388,000 as of February 28, 2022, reflecting a significant increase of 23.7%[7] - The total amount of customer loans and receivables, net of impairment, was HKD 4,822,040 as of August 31, 2022, compared to HKD 4,635,063 as of February 28, 2022[32] - The total amount of customer loans and receivables increased by HKD 2,476 during the reporting period, with specific transfers between credit loss stages impacting the overall provision[37] Cash Flow and Dividends - The net cash generated from operating activities was a negative HKD 312,019,000 for the six months ended August 31, 2022, compared to a positive HKD 169,447,000 in the same period of 2021[10] - The company declared a final dividend of HKD 92,128,000 for the year ended February 28, 2022, compared to HKD 75,378,000 for the previous year, representing an increase of about 22.2%[9] - The company declared an interim dividend of HKD 22.0 per share, totaling HKD 92,128,000, compared to HKD 75,378,000 in the previous year[27] Customer Loans and Receivables - Customer loans and receivables increased to HKD 3,670,897,000, up from HKD 3,342,610,000, indicating a growth of 9.8%[7] - The company reported a non-credit impaired customer loan balance of HKD 475,725,000, an increase from HKD 426,917,000 year-on-year[22] - The total overdue customer loans and receivables exceeding one month amounted to HKD 131,474, representing 2.8% of total customer loans and receivables as of August 31, 2022, compared to HKD 145,595 and 3.5% as of February 28, 2022[38] Expenses and Costs - The company reported a total of HKD 323,464,000 in employee costs, an increase from HKD 274,974,000 in the previous year[24] - Overall operating expenses increased by 17.6% or HKD 48,500,000 to HKD 323,500,000, with the expense-to-revenue ratio slightly rising from 55.7% to 56.5%[71] - Impairment losses and provisions surged by 157% or HKD 54,700,000 to HKD 89,500,000 due to weak economic indicators and a significant rise in customer loans and receivables[72] Risk Management - The group has established a risk management system to monitor and control market risk, credit risk, liquidity risk, equity risk, operational risk, and cybersecurity risk[96] - The group utilizes cross-currency swaps to hedge foreign currency debt, effectively transferring foreign currency liabilities to functional currency[98] - The group has implemented policies and systems to monitor and control credit risk, significantly reducing the overall credit risk exposure[99] Market and Business Strategy - The company plans to maintain sales and receivables growth momentum while closely monitoring asset quality in a competitive market[80] - The company aims to enhance customer relationship management and promote customer interaction through various channels[80] - The company’s credit card and personal loan businesses will continue to see large promotional campaigns to capture rising consumer demand[80] Shareholder Information - The total issued share capital as of August 31, 2022, was 269,477 thousand HKD, with 418,766,000 shares outstanding[53] - Major shareholders include AEON Japan with 286,088,000 shares (68.32% of issued capital) and AFS with 226,314,000 shares (54.04% of issued capital)[108] - The company has not purchased, sold, or redeemed any of its listed shares during the period[111] Compliance and Governance - The board of directors confirmed compliance with the standard code of conduct during the review period[106] - The company’s financial statements were reviewed by Deloitte, confirming no significant issues were found[115]

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告的內容概不 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 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 （股份代號︰900） （於香港註冊成立之有限公司） AEON 信貸財務（亞洲）有限公司 AEON CREDIT SERVICE (ASIA) COMPANY LIMITED 截至二零二二年五月三十一日止三個月之未經審核業績 AEON信貸財務（亞 洲）有限公司（「本 公 司」）董事會欣然宣佈本公司及其附屬公 司（「本 集 團」）截 至 二 零 二 二 年 五 月 三 十 一 日 止 三 個 月 之 未 經 審 核 綜 合 業 績，連 同 上 期 比 較 數 字 如 下： 簡明綜合損益表 截至二零二二年五月三十一日止三個月 | --- | --- | --- | --- | |----------------------------------------------------------------------------------------- ...

Financial Performance - Total revenue for the fiscal year 2022 was HKD 1,049,589 million, a decrease from HKD 1,089,858 million in 2021[22]. - The annual profit for 2022 was HKD 342,592 million, compared to HKD 301,575 million in 2021, reflecting an increase of approximately 13.6%[22]. - Earnings per share for 2022 were HKD 81.81 cents, up from HKD 72.02 cents in 2021, representing a growth of 13.5%[22]. - Total revenue for the year was HKD 1,049.6 million, a decrease of 3.7% or HKD 40.3 million from the previous fiscal year[29]. - Net interest income decreased by 6.3% to HKD 847.4 million, down from HKD 904.6 million in the previous year[30]. - The group’s operational income for the fiscal year 2021/22 was HKD 1,020.5 million, a decline of 4.0% compared to HKD 1,063.1 million in the previous year[32]. - The group recorded a pre-tax profit of HKD 398 million, an increase of HKD 40.1 million from the previous fiscal year, resulting in a net profit growth of 13.6%[29]. - The total comprehensive income for the year was HKD 379,018, up from HKD 292,744, indicating a significant increase of 29.4%[186]. Assets and Equity - Total assets as of February 28, 2022, were HKD 5,089,556 million, a slight decrease from HKD 5,083,366 million in 2021[23]. - The total equity as of February 28, 2022, was HKD 3,633,542 million, an increase from HKD 3,422,030 million in 2021, indicating a growth of approximately 6.2%[23]. - As of February 28, 2022, the company's net asset value was HKD 3,633,500,000, an increase from HKD 3,422,000,000 on February 28, 2021, reflecting a growth of approximately 6.2%[44]. - The net debt-to-equity ratio as of February 28, 2022, was 0.1, unchanged from the previous year[153]. Customer Loans and Receivables - The group's overall sales increased by 21.1% compared to the fiscal year 2020/21, with total customer loans and receivables rising by 5.2% as of February 28, 2022[25]. - Total customer loans and receivables increased by HKD 212.3 million to HKD 4,274.6 million, with personal loans rising by 15.9% to HKD 905.4 million[37]. - The overdue customer loans and receivables ratio decreased from 4.1% to 3.5% year-on-year, indicating improved credit quality[25]. - The impairment provision balance as of February 28, 2022, was approximately HKD 181,143,000, with HKD 94,095,000 deducted in the consolidated income statement for the year ended February 28, 2022[179]. - The expected credit loss model is applied based on a three-stage process, with the expected credit loss calculated using individual assessments and/or a provisioning matrix based on internal credit ratings[179]. Dividends - The company declared an interim dividend of HKD 0.22 per share for the fiscal year 2022[21]. - The group plans to maintain a stable dividend policy with a target payout ratio of no less than 30% of the fiscal year's consolidated net profit, proposing a final dividend of HKD 0.22 per share[28]. - The proposed final dividend is HKD 0.22 per share, totaling HKD 92,128,000, an increase from HKD 0.18 per share in the previous year, totaling HKD 75,378,000[155]. - The company declared dividends totaling HKD 92,128 thousand for the year, consistent with the previous year[189]. Operational Challenges and Strategies - The company faced challenges due to the ongoing COVID-19 pandemic but saw a rebound in local consumer spending during the first three quarters of the fiscal year[24]. - The demand for anti-epidemic products increased significantly as consumer behavior shifted back to online shopping in response to tightened social distancing measures in the fourth quarter[24]. - The company plans to continue focusing on market expansion and adapting to changing consumer preferences in the post-pandemic environment[24]. - The management remains optimistic about returning to a stable growth trajectory despite the challenges faced during the fiscal year[24]. - The company anticipates continued challenges in the operating environment due to geopolitical and economic conflicts, impacting business activities in Hong Kong[46]. Employee and Training Initiatives - The total number of employees increased from 379 on February 28, 2021, to 510 on February 28, 2022, with 358 based in Hong Kong and 152 in mainland China[50]. - The company has implemented various training programs to enhance employee skills and ensure high-quality customer service[50]. - Total training hours increased from 4,938 in 2020/21 to 8,034 in 2021/22, representing a growth of approximately 62.5%[83]. - The number of employees trained rose from 1,887 in 2020/21 to 2,737 in 2021/22, an increase of about 45%[83]. - The company has a comprehensive onboarding training program for new employees to understand its corporate values and compliance standards[79]. Sustainability and Corporate Governance - The company established a Sustainability Committee that held four meetings and reported five times to the Board during the fiscal year ending February 28, 2022[59]. - The company conducted a comprehensive materiality assessment to identify key sustainability issues impacting its operations and stakeholders[60]. - Eight key sustainability focus areas were developed, including customer-centricity, corporate governance, and environmental protection[61]. - The company is committed to maintaining high standards of corporate governance and social responsibility, ensuring compliance with applicable laws and regulations[63]. - The company has implemented a risk-based approach to establish effective anti-money laundering and counter-terrorist financing systems, with no violations reported for the fiscal year ending February 28, 2022[64]. Risk Management and Internal Controls - The company has established a corporate risk management framework that includes credit, operational, market, liquidity, compliance, legal, and regulatory risks[134]. - The internal control system is designed to prevent unauthorized use or disposal of the group's assets and ensure reliable financial reporting[134]. - The company has established a three-line defense risk management model, including operational units, risk management department, and internal audit department[135]. - No significant internal control deficiencies were found during the year, and appropriate measures have been taken based on recommendations from internal auditors and external auditors[136]. - The company has implemented a whistleblowing policy to maintain high standards of integrity and accountability, ensuring confidentiality for whistleblowers[137]. Shareholder Communication and Corporate Structure - The company held its annual general meeting on June 25, 2021, with all board members and key executives in attendance[146]. - The company has established various communication channels with shareholders, including annual general meetings and regular meetings with investors and analysts[145]. - The company’s board of directors is required to retire at the annual general meeting in 2022 but is eligible for re-election[159]. - The board consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors, complying with the requirement of at least one-third independent non-executive directors[113]. Financial Reporting and Compliance - The company’s financial statements for the year ended February 28, 2022, were audited by Deloitte, confirming compliance with Hong Kong Financial Reporting Standards[176]. - The application of revised Hong Kong Financial Reporting Standards did not have a significant impact on the financial position and performance of the company for the current and prior years[3]. - The company’s financial reporting adheres to the applicable disclosure requirements set forth by listing rules and company ordinances[8]. - The auditors identified and assessed risks of material misstatement in the consolidated financial statements due to fraud or error, implementing audit procedures to address these risks[182].

Financial Performance - Revenue for the six months ended August 31, 2021, was HKD 511,570,000, a decrease of 11% compared to HKD 574,460,000 for the same period in 2020[5] - Net interest income decreased to HKD 417,047,000 from HKD 474,553,000, reflecting a decline of 12% year-over-year[5] - Operating profit before impairment losses was HKD 219,133,000, down from HKD 301,873,000, representing a decrease of 27%[5] - Profit for the period attributable to owners of the company increased to HKD 172,340,000, compared to HKD 152,401,000, marking an increase of 13%[5] - Basic earnings per share rose to HKD 41.15 from HKD 36.39, an increase of 13%[5] - The company reported a net profit of HKD 172,340,000 for the six months ending August 31, 2021, compared to HKD 152,401,000 for the same period in the previous year, representing a growth of approximately 13.1%[9] - The company reported a pre-tax profit of HKD 206,999,000 for the period, compared to HKD 181,640,000 in the same period of the previous year, indicating an increase of approximately 14%[24] - Net profit after tax rose by 13.1% from HKD 152.4 million in the first half of 2020 to HKD 172.3 million in the first half of 2021[71] Assets and Liabilities - Total assets as of August 31, 2021, were HKD 4,298,722,000, compared to HKD 4,141,605,000 as of February 28, 2021, indicating an increase of 4%[8] - Non-current assets decreased to HKD 893,990,000 from HKD 882,362,000, a decline of 1%[7] - Current liabilities decreased to HKD 843,723,000 from HKD 941,761,000, a reduction of 10%[7] - The company’s equity increased to HKD 3,502,233,000 from HKD 3,422,030,000, reflecting an increase of 2%[8] - The total amount of customer loans and receivables was HKD 4,058,860,000 as of August 31, 2021, slightly down from HKD 4,062,272,000 at the end of the previous period[37] - The total amount of fixed deposits as of August 31, 2021, was HKD 383,351,000, compared to HKD 135,302,000 as of February 28, 2021[45] - The company’s total bank loans amounted to HKD 1,186,511,000, an increase from HKD 1,182,881,000 as of February 28, 2021, representing a growth of approximately 0.3%[50] Cash Flow and Dividends - Cash generated from operating activities was HKD 169,447,000, a significant decrease from HKD 734,855,000 in the previous year, indicating a decline of approximately 77.0%[10] - The company ended the period with cash and cash equivalents of HKD 681,882,000, down from HKD 816,932,000 at the end of the previous year[10] - The company declared a final dividend of HKD 75,378,000 for the fiscal year 2020/21, compared to HKD 92,128,000 in the previous year, reflecting a decrease of approximately 18.2%[9] - The company declared an interim dividend of HKD 0.22 per share, totaling HKD 92,128,000, compared to HKD 0.18 per share and HKD 75,378,000 for the previous period[32] Operational Expenses - Total operating expenses for the period were HKD 274,974,000, an increase from HKD 257,536,000 in the previous year, reflecting a rise of about 6.7%[8] - The company’s general administrative expenses increased to HKD 81,060,000 from HKD 77,643,000, marking an increase of about 4.9%[8] - The company’s market and promotional expenses rose significantly to HKD 43,529,000 from HKD 26,494,000, indicating a growth of approximately 64.4%[8] - Operating expenses rose by 6.8% or HKD 17,400,000 to HKD 275,000,000, with the expense-to-revenue ratio increasing from 46.0% to 55.7%[74] Credit and Loans - Revenue from credit card services was HKD 405,533,000, while private loans generated HKD 91,894,000, and insurance services contributed HKD 14,143,000, totaling HKD 511,570,000[21] - The company’s overdue customer loans as a percentage of total customer loans decreased from 4.8% in August 2020 to 3.4% in August 2021[68] - The total overdue customer loans and receivables exceeding one month amounted to HKD 136,817,000 as of August 31, 2021, accounting for 3.4% of total customer loans and receivables[43] - Credit card business accounted for 79.3% of total revenue, while private loans accounted for 18.0%[79] Risk Management and Compliance - The company has established policies and procedures to measure, monitor, and control various financial risks, including market risk and interest rate risk[89] - The group has implemented measures to manage liquidity risk, ensuring sufficient reserves and monitoring cash flow forecasts[94] - The group has established an operational risk management system to identify, assess, and mitigate various inherent risks, including process and information security risks[96] - The group has invested resources in cybersecurity risk management to enhance its network defense capabilities and regularly conducts assessments to evaluate the robustness of its cybersecurity measures[97] - The company is committed to maintaining compliance with the Securities and Futures Ordinance in Hong Kong[112] Corporate Governance - The company has adhered to corporate governance codes, although it has exceptions regarding the appointment and rotation of non-executive directors[98] - The company’s board of directors underwent several changes, including the appointment of new non-executive directors[103][104] - The company’s financial statements must comply with Hong Kong Accounting Standards[108] - The company’s directors are responsible for preparing and presenting the financial statements according to the relevant standards[109] Future Outlook and Strategy - The company anticipates an increase in vaccination rates due to more incentives for vaccination, although the emergence of the Delta variant may hinder the recovery of normal social activities and overseas travel[83] - The company plans to enhance data analysis to strengthen marketing and credit control activities, with a focus on increasing promotional activities for credit cards and personal loans[83] - The company aims to allocate more resources to improve the IT infrastructure of its Shenzhen operations to enhance profitability while maintaining reasonable asset quality[84] - The company will continue to invest significantly in digitalization to improve operational efficiency and adapt to market changes[83]