Financial Overview - The interim financial information includes the consolidated statement of financial position as of September 30, 2022, and the comprehensive income statement for the six-month period then ended[9]. - The company reported compliance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" in the preparation of its interim financial information[10]. - PricewaterhouseCoopers conducted the review of the interim financial information and found no significant issues[10]. - The report outlines the responsibilities of the board of directors in preparing the interim financial information[9]. - Total assets as of September 30, 2022, amounted to HK$1,207,343,000, an increase from HK$1,177,075,000 as of March 31, 2022, representing a growth of 2.6%[16]. - Total equity attributable to owners of the Company increased to HK$758,241,000 from HK$736,620,000, reflecting a rise of 2.9%[16]. - Current liabilities totaled HK$444,625,000, slightly up from HK$436,239,000, indicating an increase of 1.0%[18]. - Cash and cash equivalents rose significantly to HK$90,060,000 from HK$24,882,000, marking an increase of 262.5%[16]. - Loans receivable decreased to HK$569,008,000 from HK$621,809,000, a decline of 8.5%[16]. Revenue and Profitability - Revenue for the six months ended September 30, 2022, was HK$76,772,000, an increase from HK$74,902,000 in the same period of 2021, representing a growth of 2.5%[14]. - Operating profit decreased to HK$43,315,000, down from HK$52,794,000 in the previous year, reflecting a decline of 17.9%[14]. - Profit attributable to owners of the Company for the period was HK$27,016,000, compared to HK$35,515,000 in 2021, a decrease of 23.8%[14]. - Basic and diluted earnings per share were both HK$6.51, down from HK$8.56 in the prior year, indicating a decline of 24.0%[14]. - Revenue from property mortgage loans was HK$50,376,000, up from HK$48,295,000, indicating a growth of 4.3%[38]. - Revenue from personal loans was HK$26,396,000, slightly down from HK$26,607,000, reflecting a decrease of 0.8%[38]. Expenses and Costs - For the six months ended September 30, 2022, employee benefit expenses increased to HK$12,217,000 from HK$10,473,000 in the same period of 2021, representing a 16.7% increase[46]. - Advertising and marketing expenses rose to HK$5,523,000, up from HK$3,637,000, reflecting a 51.9% increase year-over-year[46]. - Total finance costs for the six months ended September 30, 2022, were HK$10,135,000, a decrease from HK$10,837,000 in the previous year[48]. - The total administrative expenses for the six months ended September 30, 2022, were HK$26,274,000, an increase from HK$22,890,000 in the previous year[46]. Cash Flow and Investments - Net cash generated from operating activities for the six months ended September 30, 2022, was HK$81,575,000, compared to a net cash used of HK$27,253,000 in the same period of 2021, indicating a significant improvement[22]. - Total cash used in investing activities was HK$14,172,000, up from HK$873,000 in the prior year, indicating increased investment activity[22]. - The Group invested HK$14,000,000 in a joint venture during the reporting period, compared to no investment in the same period of the previous year[22]. Governance and Management - The company appointed new directors and committee members as of November 1, 2022, indicating a potential shift in governance[3]. - The management discussion and analysis section is included in the report, providing insights into the company's performance[2]. - The audit committee reviewed the unaudited interim results in conjunction with the management and independent auditors[189]. Shareholder Information - The Company declared dividends of HK$5,395,000, consistent with the previous year, maintaining a stable dividend policy[14]. - A final dividend of HK1.3 cents per share was declared, amounting to HK$5,395,000, related to the year ended March 31, 2022[59]. - The Company declared an interim dividend of HK1.3 cents per share for the current period, consistent with the previous year[190]. Risk Management - The Group's financial risk management includes exposure to market risk, credit risk, and liquidity risk, which are critical for maintaining financial stability[30]. - The Group has not made any changes to its risk management policies since year-end[32]. - The Group did not use derivative financial instruments to hedge against foreign exchange risks, as business activities were denominated in Hong Kong dollars[139]. Market Conditions and Outlook - The outlook for the second half of the financial year is expected to remain challenging, with potential interest rate increases by the Federal Reserve of 0.5% to 0.75%[142]. - The Centa-City Leading Index decreased by 8.1% from 179.36 in March 2022 to 164.78 in November 2022, indicating a correction in the Hong Kong property market[103].

Revenue and Loan Portfolio - The mortgage loan business contributed approximately 66.6% to the Group's revenue, with interest income decreasing by 6.8% to HK$102.2 million[7]. - The gross mortgage loan portfolio increased to HK$766.1 million as of March 31, 2022[7]. - Interest income from unsecured personal loans rose by 12.0% to HK$51.3 million, accounting for about 33.4% of the Group's revenue[7]. - The gross personal loan portfolio was HK$186.3 million as of March 31, 2022[7]. - Interest income from the money lending business decreased by HK$2.0 million or 1.3% from HK$155.5 million to HK$153.5 million, primarily due to a decrease in mortgage loan interest income[9]. - Interest income from the mortgage loan business decreased by HK$7.5 million or 6.8% from HK$109.7 million to HK$102.2 million, while personal loan interest income increased by HK$5.5 million or 12.0% from HK$45.8 million to HK$51.3 million[9]. Economic Environment and Challenges - The ongoing COVID-19 pandemic and geopolitical tensions have created significant economic uncertainties impacting the Hong Kong economy[7]. - The Group's performance was affected by the fifth wave of COVID-19, which severely impacted business activities in early 2022[7]. - The economic environment remains challenging, necessitating a cautious approach to lending and credit management[7]. - The economic recovery in Hong Kong is expected to be influenced by the pandemic's development and government recovery strategies, with ongoing uncertainties from global factors such as the Russia-Ukraine conflict and U.S. interest rate hikes[40]. - The Group anticipates that the global and Hong Kong economic outlook will remain sluggish, posing challenges to mortgage and personal loan products[40]. Strategic Initiatives - The Group adopted prudent measures, including strict credit policies and loan-to-value ratio controls, to maintain its loan portfolio and generate stable interest income[7]. - The Group's strategy includes diversifying into unsecured personal loan products to enhance overall interest margins[7]. - The Group plans to implement cautious credit policies and increase business with high net-worth customers, focusing on personal loans for property owners[41]. - The Group aims to leverage its brand and experience in the money lending industry to stabilize its position and prepare for future economic recovery[41]. Financial Performance - Profit attributable to owners decreased by 3.6% to HK$70.6 million from HK$73.2 million last year[19]. - As of March 31, 2022, the Group recorded net current assets of HK$244.7 million, a decrease from HK$286.7 million in 2021[23]. - Cash and cash equivalents amounted to HK$24.9 million as of March 31, 2022, down from HK$80.0 million in 2021[23]. - Interest-bearing bank and other borrowings increased to HK$293.8 million in 2022 from HK$177.1 million in 2021[23]. - The current ratio decreased to 1.56 in 2022 from 1.72 in 2021[28]. - The gearing ratio increased to 0.55 in 2022 from 0.48 in 2021[28]. - The return on equity ratio was 9.6% for the year ended March 31, 2022, compared to 10.8% in 2021[28]. Corporate Governance - The Company has adopted and complied with the Code Provisions during the year ended 31 March 2022[47]. - The Board conducts ongoing comprehensive reviews of the Group's business strategies and policies to adapt to major market changes and seize long-term business opportunities[51]. - The Company has established a whistleblowing policy to ensure employees can report misconduct confidentially without fear of retaliation[52]. - The Group's culture of accountability is supported by strong leadership from the Board and clear objectives set in business plans and budgets[50]. - The Company has implemented an Anti-Corruption and Bribery Policy to guide employees in recognizing and dealing with bribery and corruption[60]. Risk Management - The Board acknowledges its duty to oversee the Company's risk management and internal control systems on an ongoing basis, reviewing their effectiveness at least annually[148]. - During the year, no significant risks were identified under financial and compliance risk categories, with principal risks classified into strategic and operational risks[150]. - The Group maintains a risk register to track identified risks, providing a profile of major risks and management's actions to mitigate them[149]. - The prolonged COVID-19 situation in Hong Kong poses operational risks, potentially disrupting normal business operations if employees are quarantined[152]. - The decline in the value of mortgaged properties increases the risk of recovering the full amount of loans, impacting the Group's financial stability[152]. Stakeholder Engagement - The Group emphasizes the importance of stakeholder insights for business activities[199]. - Key stakeholders have been identified, and various communication channels have been established[200]. - The Group is committed to developing mutually beneficial relationships with stakeholders[198]. Shareholder Communication - The company has established a Shareholders' communication policy to ensure timely access to balanced and understandable information regarding financial performance and strategic goals[165]. - The company has committed to a proactive investor relations policy, maximizing the use of its website for timely disclosures to shareholders and stakeholders[168]. - The company encourages shareholders to attend meetings to stay informed about business developments and express concerns to management[168].

米香 港 信 貸 貸 利 股 查 申 NE OF OF OF OF o 9 INTERIM REPORT 中期報告 0 0 | --- | --- | --- | |-------|-------------------------------------------------------------------|--------------------------| | | | | | | ENTS 目錄 | | | 02 | Corporate Information | 公司资料 | | 04 | Report on Review of Interim Financial Information | 中期財務資料審閱報告 | | 06 | Interim Condensed Consolidated Statement of Comprehensive Income | 中期簡明綜合全面收入表 | | 07 | Interim Condensed Consolidated Statement of Financial Position | 中期簡明綜合財務狀況表 | | 09 | Interim Co ...

*香 港 信 貸 Hong Kong Finance 香 港 信 貸 集 團 有 限 公 司 Hong Kong Finance Group Limited (Incorporated in the Cayman Islands with limited liability) Stock Code: 1273 (於同曼群島註冊成立之有限公司）股份代號：1273 ANNUAL REPORT 年報 O o O CONTENTS 目錄 2 Corporate Information 公司資料 4 Management Discussion and Analysis 管理層討論及分析 | --- | --- | --- | |-------|-----------------------------------------------------|----------------------| | | | | | | | | | | 12 Corporate Governance Report | 企業管治報告 | | | 35 Environmental, Social and Governance Report ...

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* 香 港 信 貸 Hong Kong Finance 香 港 信 貸 集 團 有 限 公 司 Hong Kong Finance Group Limited (Incorporated in the Cayman Islands with Imited liability) Stock Code: 1273 (於開曼群島註冊成立之有限公司) 股份代號：1273 F L ( 2) S w : - < 8 * 1 年報 ANNUAL REPORT s 2 Corporate Information 公司資料 l Manager F CONTENTS 目錄 | --- | --- | --- | |-------|-----------------------------------------------------|----------------------| | | | | | | 4 Management Discussion and Analysis | 管理層討論及分析 | | | 12 Corporate Governance Report | 企業管治報告 | | | 35 Environmen ...

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