CL GROUP(08098)

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昌利控股(08098) - 股份发行人的证券变动月报表(截至2025年9月30日)
2025-10-02 09:14
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08098 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | 公司名稱: 昌利(控股)有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 本月底法定/註冊股本總額: HKD 50,000,000 FF301 第 1 頁 共 10 頁 v ...
昌利控股(08098) - 股份发行人的证券变动月报表(截至2025年8月31日)
2025-09-01 09:04
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致:香港交易及結算所有限公司 公司名稱: 昌利(控股)有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08098 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | FF301 III.已發行股份及/或庫存股份變動詳情 本月 ...
昌利控股(08098) - 股东週年大会之投票表决结果
2025-08-11 10:30
香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內容概不負責,對其準確性 或完整性亦不發表任何聲明,並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該 等內容而引致之任何損失承擔任何責任。 股東週年大會之投票表決結果 謹此提述 昌利(控股)有限公司(「本公司」)於二零二五年七月九日發出之通函(「通 函」),其中包含股東週年大會(「股東週年大會」)通告(「通告」)。除本公佈另有界定外, 本公佈採用之詞彙概與股東週年大會通告所界定具備相同涵義。 董事會欣然宣佈,所有載於股東週年大會通告中的各項提呈之決議案(「該等決議案」), 已於二零二五年八月十一日獲股東於股東週年大會上以股數表決方式正式通過。 本公司之香港股份過戶登記分處卓佳證券登記有限公司獲委任於股東週年大會上擔任監 票人。 於股東週年大會日期,已發行股份總數為2,200,000,000股,即賦予持有人有權出席股東週 年大會並於會上投票贊成或反對決議案的股份總數。概無股份賦予持有人權利出席股東 週年大會但依GEM上市規則第17.47A條所載須放棄投票贊成決議案。概無股東須依GEM 上市規則於股東週年大會上就決議案放棄投票。並無人士表明彼擬 ...
昌利控股(08098) - 股份发行人的证券变动月报表(截至2025年7月31日)
2025-08-01 08:52
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致:香港交易及結算所有限公司 公司名稱: 昌利(控股)有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08098 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | 本月底法定/註冊股本總額: HKD 50,000,000 ...
昌利控股(08098) - 2025 - 年度财报
2025-07-08 10:05
CL GROUP (HOLDINGS) LIMITED 昌利(控股)有限公司 (於開曼群島註冊成立之有限公司) 股份代號 : 8098 年 報 (Incorporated in the Cayman Islands with limited liability) Stock Code: 8098 CL GROUP (HOLDINGS) LIMITED 昌利(控股)有限公司 CL GROUP (HOLDINGS) LIMITED 昌 利(控股)有 限公司 ANNUAL REPORT 2025 年報 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM乃為較於聯交所上市的其他公司帶有更高投資風險的公司提供上市的市場。有意投資者應了解投 資於該等公司的潛在風險,並應經過審慎周詳考慮後方作出投資決定。GEM的較高風險及其他特色表示 GEM較適合專業及其他經驗豐富的投資者。 由於GEM上市公司的新興性質使然,在GEM買賣的證券可能會承受較於主板買賣的證券為高的市場波動 風險,同時亦無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司以及香港聯合交易所有限公司對本報告的內容概不負責,對其準確性或完 ...
昌利控股(08098) - 2025 - 年度业绩
2025-06-25 13:59
Financial Performance - The total revenue and investment income for the year ended March 31, 2025, was approximately HKD 39,100,000, an increase of about 4.6% compared to HKD 37,400,000 for the year ended March 31, 2024[3]. - The pre-tax loss for the year ended March 31, 2025, was approximately HKD 500,000, significantly improved from a loss of HKD 11,100,000 in the previous year[3]. - The loss attributable to owners of the company for the year ended March 31, 2025, was approximately HKD 2,700,000, down from HKD 12,300,000 for the year ended March 31, 2024[3]. - Basic and diluted loss per share for the year ended March 31, 2025, was approximately HKD 0.12, compared to HKD 0.56 for the previous year[3]. - The total comprehensive loss attributable to owners for the year ended March 31, 2025, was approximately HKD 2,672,795, compared to HKD 13,686,429 in the previous year[5]. - The group reported a net loss before tax of HKD 525,563 for the year 2025, compared to a net loss of HKD 11,053,072 in 2024, indicating an improvement in financial performance[29]. - The company reported a loss attributable to shareholders of HKD 2,658,944 in 2025, compared to a loss of HKD 12,257,049 in 2024, indicating a significant improvement[44]. Assets and Liabilities - Total assets less current liabilities as of March 31, 2025, amounted to HKD 181,188,666, a slight decrease from HKD 182,712,587 in the previous year[7]. - Total assets for the year ending March 31, 2025, amounted to HKD 232,934,296, a decrease from HKD 249,342,480 in 2024, representing a decline of approximately 6.6%[33]. - Total liabilities for the year ending March 31, 2025, were HKD 53,928,254, compared to HKD 67,663,643 in 2024, indicating a reduction of about 20.3%[33]. - The total borrowings as of March 31, 2025, were HKD 10,968,832, a decrease from HKD 28,293,898 in 2024, with secured bank loans at HKD 6,468,832 and shareholder loans at HKD 4,500,000[60]. Revenue Sources - Commission income from securities trading on the Hong Kong Stock Exchange increased to HKD 4,847,295 in 2025 from HKD 4,485,249 in 2024, reflecting a growth of about 8.06%[24]. - Interest income from margin clients rose significantly to HKD 18,218,874 in 2025, up from HKD 13,791,831 in 2024, marking an increase of approximately 32.5%[24]. - The total segment revenue for the investment holding segment was HKD 52,500 in 2025, compared to HKD 94,620 in 2024, indicating a decline of approximately 44.5%[29]. - Interest income from loan clients decreased by approximately 32.9% from HKD 16,117,891 in 2024 to HKD 10,808,059 in 2025[69]. Credit Quality and Impairment - The expected credit loss on trade receivables for 2025 was HKD (10,870,446), a substantial increase from HKD (3,852,949) in 2024, highlighting a deterioration in credit quality[26]. - The expected credit loss provision for margin clients increased to HKD 21,109,758 in 2025 from HKD 15,984,639 in 2024, showing a rise of about 32.5%[49]. - The total impairment loss provision for receivables increased by HKD 19,186,630, with contributions from Stage 1, Stage 2, and Stage 3 receivables amounting to HKD 91,794, HKD 12,491,209, and HKD 6,603,627 respectively[54]. - The total impairment losses recognized for trade receivables and loans under the expected credit loss model were approximately HKD 10,900,000 and HKD 19,200,000 for the year ending March 31, 2025, compared to HKD 3,900,000 and HKD 30,100,000 for the year ending March 31, 2024[77]. Cash Flow and Liquidity - The company’s cash and cash equivalents in general accounts amounted to HKD 11,277,168 as of March 31, 2025, compared to HKD 3,618,638 in the previous year[6]. - Cash and bank balances increased by approximately 211.6% to HKD 11,300,000 as of March 31, 2025, compared to HKD 3,600,000 as of March 31, 2024[80]. - The current ratio improved to approximately 3.7 times as of March 31, 2025, compared to approximately 3.0 times as of March 31, 2024[80]. - The company maintains sufficient liquidity to meet both long-term and short-term financial obligations, supported by a monitoring system and backup bank credit lines[91]. Dividends and Shareholder Information - The company reported no proposed dividend for the year ended March 31, 2025, consistent with the previous year[3]. - No dividends are proposed for the fiscal year ending March 31, 2025, and the annual general meeting is scheduled for August 11, 2025[100]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the financial results for the year ending March 31, 2025, ensuring compliance with applicable accounting standards[101]. - The preliminary performance figures for the year ending March 31, 2025, have been verified by the auditor, Tianjian International CPA Limited[102]. - The company has not issued any certification regarding the preliminary announcement as it does not constitute an audit engagement under Hong Kong auditing standards[102]. Future Outlook and Strategy - The company aims to expand its client base by attracting customers affected by local brokerage closures and enhancing its trading platform[93]. - The company is committed to becoming a leading financial services group in Hong Kong and will continue to explore new revenue opportunities to enhance profitability[93]. - The group did not have any significant investments or acquisitions planned as of March 31, 2025, but will actively seek investment opportunities to enhance profitability[85].
昌利控股(08098.HK)5月6日收盘上涨11.9%,成交940港元
Sou Hu Cai Jing· 2025-05-06 08:28
Group 1 - The Hang Seng Index rose by 0.7% to close at 22,662.71 points on May 6 [1] - Changli Holdings (08098.HK) closed at HKD 0.047 per share, up 11.9%, with a trading volume of 20,000 shares and a turnover of HKD 940 [1] - Over the past month, Changli Holdings has seen a cumulative decline of 10.64%, underperforming the Hang Seng Index's increase of 12.19% [2] Group 2 - As of September 30, 2024, Changli Holdings reported total revenue of HKD 20.637 million, a year-on-year increase of 16.5%, and a net profit attributable to shareholders of HKD 22.352 million, up 332.36% [2] - The company's debt-to-asset ratio stands at 17.91% [2] - Currently, there are no institutional investment ratings for Changli Holdings [3] Group 3 - The average price-to-earnings (P/E) ratio for the other financial industry is 20.62 times, while Changli Holdings has a P/E ratio of 3.98 times, ranking 8th in the industry [3] - Other financial companies have the following P/E ratios: High Yu Financial (08221.HK) at 0.55 times, Oriental Huicai Securities (08001.HK) at 1.93 times, China Merchants China Fund (00133.HK) at 2.17 times, Hong Kong Credit (01273.HK) at 3 times, and Guoyin Financial Leasing (01606.HK) at 3.04 times [3] Group 4 - Changli Holdings is a well-established financial services group in Hong Kong, fully owning Changli Securities Limited, which provides securities and futures trading services, as well as placement and underwriting services [3] - The company has a strong client base, including many high-end institutional clients, which is a key factor in its rapid growth [3] - The group plans to optimize its existing trading platforms, expand its client network, launch new services, and form partnerships with more financial institutions to become a comprehensive financial services enterprise [3]
昌利控股(08098) - 2025 - 中期财报
2024-11-14 10:01
Financial Performance - For the six months ended September 30, 2024, the company recorded an unaudited revenue of approximately HKD 22,500,000, representing an increase of about 16.4% compared to the same period last year[3]. - The unaudited profit attributable to the owners of the company for the same period was approximately HKD 24,800,000, primarily due to the reversal of impairment losses on trade receivables under the expected credit loss model[3]. - Basic and diluted earnings per share for the six months ended September 30, 2024, were approximately HKD 1.13, compared to a basic loss per share of HKD 0.48 for the same period last year[4]. - The company reported a net loss from expected credit loss model on trade receivables of HKD 4,563,578 for the six months ended September 30, 2024, compared to no losses in the same period of 2023[16]. - The profit attributable to owners for the six months ended September 30, 2024, is HKD 24,786,049, compared to a loss of HKD 10,666,937 for the same period in 2023[30]. - The total revenue for the six months ended September 30, 2024, was approximately HKD 22,500,000, an increase of about 16.4% compared to approximately HKD 19,400,000 for the same period in 2023[55]. Dividends and Share Capital - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[4]. - The group did not recommend an interim dividend for the six months ended September 30, 2024[28]. - The total issued and paid-up share capital remained at 2,200,000,000 shares with a par value of HKD 0.01 per share as of September 30, 2024[45]. Assets and Liabilities - As of September 30, 2024, total assets amounted to HKD 214,863,102, an increase from HKD 200,588,652 as of March 31, 2024[5]. - Current liabilities as of September 30, 2024, were HKD 43,956,621, a decrease from HKD 66,629,893 as of March 31, 2024[6]. - The net asset value of the company as of September 30, 2024, was HKD 206,411,618, compared to HKD 181,678,837 as of March 31, 2024[6]. - The group reported a total asset value of HKD 251,432,371 as of September 30, 2024, with total liabilities of HKD 45,020,753[22]. - The company's net current assets as of September 30, 2024, were approximately HKD 170,900,000, an increase from approximately HKD 134,000,000 as of March 31, 2024[66]. - The current ratio as of September 30, 2024, was approximately 4.9 times, up from approximately 3.0 times as of March 31, 2024[66]. - The company's debt-to-equity ratio as of September 30, 2024, was approximately 2.2%, significantly reduced from approximately 15.6% as of March 31, 2024[66]. Cash Flow and Financing - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 15,489,209, a decrease of 17.5% compared to HKD 18,738,101 in the same period of 2023[8]. - The company reported a financing cost of HKD 647,169 for the six months ended September 30, 2024, compared to HKD 712,912 for the same period last year[4]. - The company’s financing activities resulted in a net cash outflow of HKD 25,006,998 for the six months ended September 30, 2024, compared to HKD 15,739,093 in the same period of 2023[8]. - The company’s cash and cash equivalents decreased by HKD 2,349,420, ending at HKD 1,022,509 as of September 30, 2024, compared to HKD 16,726,756 at the end of the previous year[8]. Customer and Trade Receivables - Trade receivables as of September 30, 2024, were HKD 117,595,443, an increase from HKD 109,271,568 as of March 31, 2024[5]. - Major customers accounted for approximately 12% of total revenue for the six months ended September 30, 2024, compared to 11% for the same period in 2023[26]. - Trade receivables from cash clients increased to HKD 8,783,102 as of September 30, 2024, from HKD 5,618,079 as of March 31, 2024[34]. - The impairment loss for trade receivables as of September 30, 2024, was HKD 15,018,216, compared to HKD 15,984,639 as of March 31, 2024[37]. - The expected credit loss provision for the period was HKD 4,563,577, up from HKD 3,852,949 as of March 31, 2024[38]. Operational Performance - The company generated interest income from cash and margin clients amounting to HKD 9,561,771, an increase of 51.5% from HKD 6,329,984 in the previous year[13]. - The company’s total other income, gains, and losses for the six months ended September 30, 2024, was HKD 343,274, an increase from HKD 269,934 in the previous year[15]. - The company’s dividend income increased to HKD 159,052 for the six months ended September 30, 2024, up from HKD 137,223 in the same period of 2023[15]. - The total trading volume for securities transactions decreased by approximately 19.7%, from about HKD 37,220,900,000 for the six months ended September 30, 2023, to about HKD 29,907,600,000 for the same period in 2024[56]. Corporate Governance - The company has adopted a code of conduct for directors regarding securities trading, which complies with GEM listing rules[94]. - The company has complied with all corporate governance code provisions as per GEM Listing Rules Appendix 15 for the six months ending September 30, 2024, with the exception of not having a designated chairman[95]. - Following the resignation of independent non-executive directors Mr. Wang and Mr. Song on August 6, 2024, the company did not meet the requirement of having at least three independent non-executive directors on the board[96]. - On August 9, 2024, Ms. Liu was appointed as an independent non-executive director and chair of the nomination committee, restoring compliance with GEM Listing Rules regarding the composition of the nomination committee[97]. - Mr. Lin was appointed as an independent non-executive director and chair of the remuneration committee on November 5, 2024, ensuring compliance with GEM Listing Rules for the remuneration committee[98]. Future Plans - The company aims to expand its brokerage and underwriting business by broadening its customer base and enhancing its trading platform[74]. - The company plans to explore potential investment opportunities to enhance profitability[74].
昌利控股(08098) - 2025 - 中期业绩
2024-11-11 10:24
Financial Performance - The company recorded an unaudited revenue of approximately HKD 22,500,000 for the six months ended September 30, 2024, representing an increase of about 16.4% compared to the same period last year[3]. - The profit attributable to the owners of the company for the same period was approximately HKD 24,800,000, primarily due to the reversal of impairment losses on trade receivables and loans under the expected credit loss model[3]. - Basic and diluted earnings per share for the six months ended September 30, 2024, were approximately HKD 1.13, compared to a basic loss per share of HKD 0.48 for the same period last year[3]. - The company reported a pre-tax profit of approximately HKD 27,466,616 for the six months ended September 30, 2024, compared to a pre-tax loss of HKD 9,626,544 for the same period last year[4]. - The company’s total comprehensive income for the period was approximately HKD 24,732,781, compared to a total comprehensive loss of HKD 11,629,714 for the same period last year[4]. - The company reported a net loss of HKD 10,666,937 for the six months ended September 30, 2024, compared to a net profit of HKD 24,786,049 for the same period in 2023[7]. - The total revenue from ongoing operations for the six months ended September 30, 2024, was HKD 22,541,160, an increase from HKD 19,372,695 in 2023, reflecting a growth of about 11%[13]. Assets and Liabilities - Total assets as of September 30, 2024, were approximately HKD 214,863,102, compared to HKD 200,588,652 as of March 31, 2024[5]. - Current liabilities amounted to approximately HKD 43,956,621 as of September 30, 2024, down from HKD 66,629,893 as of March 31, 2024[6]. - The net asset value of the company as of September 30, 2024, was approximately HKD 206,411,618, compared to HKD 181,678,837 as of March 31, 2024[6]. - The company reported a total asset value of HKD 251,432,371 as of September 30, 2024, with total liabilities amounting to HKD 45,020,753[20]. - As of September 30, 2024, the group's net current assets were approximately HKD 170.9 million, an increase from approximately HKD 134.0 million as of March 31, 2024[63]. - The current ratio as of September 30, 2024, was approximately 4.9 times, up from approximately 3.0 times as of March 31, 2024[63]. - The debt-to-equity ratio as of September 30, 2024, was approximately 2.2%, a significant decrease from approximately 15.6% as of March 31, 2024[63]. Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 15,489,209, compared to HKD 18,738,101 for the same period in 2023, representing a decrease of approximately 12%[8]. - The financing activities resulted in a net cash outflow of HKD 25,006,998 for the six months ended September 30, 2024, compared to HKD 15,739,093 in the previous year, indicating a significant increase in cash used for financing[8]. - The total cash and cash equivalents at the end of the period were HKD 1,022,509, a significant decrease from HKD 16,726,756 at the end of September 2023[8]. Revenue Sources - The company recorded a decrease in commission and brokerage fees from securities trading on the Stock Exchange, amounting to HKD 1,868,703, down from HKD 2,129,636 in the prior year, a decline of approximately 12%[13]. - Interest income from cash and margin clients was HKD 8,293,745 for the six months ended September 30, 2024, compared to HKD 6,329,984 in 2023, marking an increase of about 31%[13]. - The company reported interest income from loan financing of approximately HKD 8,300,000 for the six months ending September 30, 2024, unchanged from the same period in 2023[55]. - The company’s total income from other sources was HKD 18,437,998, contributing significantly to overall revenue[18]. Dividends - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[3]. - The company did not recommend any interim dividend for the six months ending September 30, 2024, consistent with the previous year[26]. Impairment and Credit Loss - The expected credit loss on trade receivables was HKD 4,563,578 for the six months ended September 30, 2024, indicating a significant impairment compared to the previous year[15]. - The impairment loss for trade receivables was HKD 4,563,577 for the six months ended September 30, 2024, compared to HKD 3,852,949 as of March 31, 2024[36]. - The impairment provision for receivables decreased to HKD 67,178,241 as of September 30, 2024, from HKD 79,842,250 as of March 31, 2024[38]. - The company maintained a robust credit quality with no significant changes in the credit risk profile of its clients[36]. Corporate Governance - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the GEM Listing Rules[89]. - The company has adhered to all corporate governance code provisions during the six months ending September 30, 2024, with some deviations noted regarding the separation of roles between the chairman and CEO[90]. - The audit committee consists of three independent non-executive directors, ensuring oversight of the group's financial reporting and internal controls[96]. - The board is responsible for the overall internal control framework and acknowledges the necessity of risk management and internal control systems to protect shareholders' interests[95]. Future Plans - The group plans to expand its brokerage and underwriting businesses by broadening its customer base and enhancing its trading platform[69]. - The group aims to become a leading financial services group in Hong Kong and will continue to explore potential opportunities to enhance profitability[69].
昌利控股(08098) - 2024 - 年度财报
2024-06-28 10:04
Financial Performance - As of March 31, 2024, the total revenue and investment income recorded by the company was approximately HKD 37.4 million, representing an increase of about 17.8% compared to the previous fiscal year[7]. - The company reported a loss attributable to owners of approximately HKD 12.3 million for the fiscal year 2023 to 2024, a reduction of about 135.8%[7]. - The value of the company's investment portfolio as of March 31, 2024, was approximately HKD 16.1 million, down from approximately HKD 27.6 million in the previous fiscal year[7]. - The total revenue and investment income for the year amounted to approximately HKD 37,400,000, an increase of about 17.8% from approximately HKD 31,700,000 in 2023[11]. - Commission and brokerage fees from securities trading increased by 17.8% to approximately HKD 4,485,249, with total trading volume rising by 50.3% to approximately HKD 73,281,500,000[12]. - Interest income from margin clients reached approximately HKD 13,791,831, a 68.1% increase from approximately HKD 8,204,639 in the previous year[12]. - Interest income from loan clients decreased to approximately HKD 16,117,891, down 27.5% from HKD 22,235,828 in 2023[13]. - Placement and underwriting commissions surged by 143.8% to approximately HKD 2,050,753 from HKD 840,994 in the previous year[17]. Market Conditions - The Hong Kong IPO market saw a total fundraising amount of approximately HKD 46.294 billion in 2023, a decrease of about 57% compared to 2022, marking a new low in nearly 10 years[10]. - The first quarter of 2024 saw an IPO fundraising amount of approximately HKD 4.7 billion, a decrease of about 30% compared to the same period in 2023[10]. - The Hang Seng Index closed at 16,541 points on March 31, 2024, down approximately 18.9% from 20,400 points on March 31, 2023[10]. Business Strategy - The company aims to expand its customer base and enhance its trading platform despite economic uncertainties[8]. - The company plans to continue exploring new business opportunities to provide optimal returns to shareholders[8]. - The company aims to expand its client base by attracting customers affected by local brokerage closures and enhancing its trading platform[41]. - The company is committed to becoming a leading financial services group in Hong Kong by exploring new revenue sources to improve profitability[41]. Investment and Financial Management - The company maintains a balanced investment portfolio through stable income investments such as investment properties, listed securities, and debt instruments[7]. - The expected credit loss on receivables was approximately HKD 30,100,000, a decrease from HKD 33,900,000 in the previous year[15]. - The total amount of loans classified as Stage 3 was approximately HKD 28,000,000, an increase from HKD 26,200,000 in 2023, due to borrowers failing to respond to legal collection letters[22]. - Cash and bank balances as of March 31, 2024, were approximately HKD 8,600,000, a decrease of about 47.8% from HKD 16,500,000 in 2023[25]. - The net current assets decreased from approximately HKD 145,500,000 in 2023 to about HKD 134,000,000 in 2024, a reduction of approximately 7.9%[25]. - The debt-to-equity ratio as of March 31, 2024, was approximately 15.6%, compared to 14.8% in 2023[25]. Corporate Governance - The board of directors is responsible for formulating strategies and overseeing performance, ensuring sound corporate governance practices[46]. - The company has adopted a code of conduct for directors' securities trading, confirming compliance with relevant regulations throughout the fiscal year[47]. - All independent non-executive directors have confirmed their independence according to GEM listing rules, ensuring compliance with governance standards[53]. - The board has established procedures to ensure that directors can seek independent professional advice when necessary[55]. - The board meets regularly, with all directors attending all meetings held during the year[54]. - The audit committee includes three independent non-executive directors, with the chairman possessing appropriate professional qualifications and experience in financial matters[64]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an ESG working group comprising senior management and external advisors to enhance ESG awareness across the organization[89]. - The company is committed to disclosing significant ESG matters transparently, adhering to principles of materiality and consistency[85]. - The total greenhouse gas emissions recorded for the year were 35,823 kg CO2 equivalent for Scope 2 and 463.3 kg CO2 equivalent for Scope 3, a decrease from 55,881.72 kg and 1,197.60 kg respectively in the previous year[96]. - The company has implemented multiple waste reduction measures, resulting in negligible amounts of non-hazardous waste generated during operations[97]. - The company has complied with all relevant environmental laws and regulations, including those related to gas and greenhouse gas emissions[98]. Employee and Workplace Policies - The overall employee turnover rate for the year was 6.7%, down from 7% in the previous year, indicating a healthy and normal turnover rate[118]. - The company recorded zero work-related injury cases over the past three years, resulting in no lost workdays, demonstrating a strong commitment to workplace safety[119]. - The company has implemented a series of occupational safety measures and maintains a clean and environmentally friendly work environment[120]. - The company is committed to providing competitive compensation and benefits, including mandatory contributions to a provident fund for eligible employees[116]. - The company has a non-discrimination policy applicable to all employment activities, ensuring equal treatment regardless of race, gender, or other factors[114]. Compliance and Risk Management - The group has established a whistleblowing policy to detect fraud and corruption risks, encouraging employees and stakeholders to report any suspicious activities[137]. - The group’s compliance with relevant laws and regulations includes adherence to the Prevention of Bribery Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance[136]. - The management has significantly reduced the credit risk associated with accounts receivable by implementing credit limits and monitoring procedures[37]. Shareholder Information - The group’s distributable reserves as of March 31, 2024, amount to approximately HKD 159.7 million, which includes a share premium of about HKD 130.9 million[154]. - The group does not recommend any dividend payment for the current year, consistent with the previous year[149]. - Major shareholders include Zillion Profit Limited and Ms. Au Shuk Ming, each holding 1,500,000,000 shares, which accounts for 68.18% of the total issued shares[189].