ZIJING INTL FIN(08340)

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紫荆国际金融(08340) - 2020 - 中期财报
2020-07-20 10:24
Financial Performance - For the six months ended June 30, 2020, the group recorded revenue of approximately HKD 5.88 million, compared to HKD 5.48 million for the same period in 2019, representing an increase of 7.3%[6] - The profit attributable to shareholders for the same period was approximately HKD 60,000, a significant improvement from a loss of HKD 3.7 million in the same period of 2019[6] - The group reported a basic and diluted earnings per share of HKD 0.01 for the six months ended June 30, 2020, compared to a loss per share of HKD 0.58 in the same period of 2019[7] - The group’s total comprehensive income for the six months ended June 30, 2020, was HKD 60,000, a recovery from a comprehensive loss of HKD 3.7 million in the same period of 2019[7] - The group completed around 12 corporate finance-related projects and one listing project during the first half of 2020 despite various negative factors impacting operations[32] Operating Expenses and Cash Flow - Operating expenses decreased to HKD 5.93 million for the six months ended June 30, 2020, down from HKD 9.17 million in 2019, reflecting a reduction of 35.5%[7] - The net cash generated from operating activities was HKD 2.01 million, compared to a cash outflow of HKD 4.45 million in the same period of 2019[10] - The group maintained a healthy and stable cash flow position as of June 30, 2020[36] - Cash and cash equivalents increased to HKD 28.44 million as of June 30, 2020, compared to HKD 27.57 million at the end of 2019, marking an increase of 3.1%[10] Equity and Assets - The total equity as of June 30, 2020, was HKD 28.44 million, slightly up from HKD 28.38 million at the end of 2019[8] - The group’s non-current assets decreased significantly from HKD 3.41 million at the end of 2019 to HKD 1.04 million as of June 30, 2020[8] - Trade receivables as of June 30, 2020, amounted to HKD 100,000, down from HKD 360,000 as of December 31, 2019[25] Dividend and Shareholder Information - The group did not recommend the payment of any dividend for the six months ended June 30, 2020, consistent with the previous year[6] - The total number of ordinary shares as of June 30, 2020, was 640,000,000[37] - As of June 30, 2020, Mr. Zhong Haoren holds 344,680,000 shares, representing 53.86% of the company's equity[41] - Vinco Asia Limited, wholly owned by Mr. Zhong, holds 326,400,000 shares, accounting for 51% of the company's equity[43] - No other directors or senior management personnel have disclosed any interests or short positions in the company's shares as of June 30, 2020[41] Corporate Governance - The company has complied with the corporate governance code and report, except for certain deviations due to its relatively small scale[49] - The audit committee has reviewed the financial statements for the six months ended June 30, 2020, and confirmed compliance with applicable accounting standards[55] - The remuneration committee includes one executive director and two independent non-executive directors, responsible for reviewing the remuneration policies[52] - The nomination committee is tasked with developing nomination policies and making recommendations regarding director appointments[53] - The company is currently assessing the impact of implementing the corporate governance code on its operations[49] Employee Information - The group has 15 employees with total employee costs of approximately HKD 3.82 million for the half-year period[39] Other Information - The company has not established any share option schemes as of the report date[46] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the six months ended June 30, 2020[47] - The group has no significant contingent liabilities as of June 30, 2020[40]
紫荆国际金融(08340) - 2020 Q1 - 季度财报
2020-04-20 10:59
Financial Performance - The group's revenue for the three months ended March 31, 2020, was approximately HKD 4.53 million, an increase of about 18% compared to HKD 3.84 million for the same period in 2019[20]. - The profit attributable to the owners of the company for the three months ended March 31, 2020, was approximately HKD 1.49 million, compared to a net loss of approximately HKD 0.86 million for the same period in 2019[20]. - The basic earnings per share for the three months ended March 31, 2020, was HKD 0.23, compared to a loss of HKD 0.13 per share for the same period in 2019[17]. - The group’s pre-tax profit for the three months ended March 31, 2020, was HKD 1.49 million, compared to a pre-tax loss of HKD 0.86 million for the same period in 2019[8]. - The operating expenses for the three months ended March 31, 2020, were HKD 3.04 million, a decrease from HKD 4.70 million in the same period in 2019[8]. Dividends and Shareholder Information - The company does not recommend the payment of any dividends for the three months ended March 31, 2020, consistent with no dividends declared for the same period in 2019[19]. - The group’s major shareholder, Mr. Zhong Haoren, holds 344,670,000 shares, representing 53.85% of the company[26]. - Vinco Asia Limited, controlled by Mr. Zhong, holds 326,400,000 shares, accounting for 51.00% of the company[28]. Operational Challenges - The group faced unprecedented challenges during the review period, including the US-China trade war, political unrest in Hong Kong, and the outbreak of COVID-19, leading to a decline in financial advisory service activities[21]. - The ongoing trade war, social instability in Hong Kong, and the COVID-19 outbreak are expected to have unavoidable impacts on the group's operations and financial performance in 2020[23]. - The group anticipates that the uncertainties and global economic downturn will temporarily affect its financial performance in 2020[23]. Business Strategy and Focus - The group will continue to focus on general corporate financing advisory services and related projects listed in Hong Kong to maintain market competitiveness[23]. - The group completed one IPO and three corporate financing projects in the first quarter of the year despite intense competition[21]. Governance and Committees - A remuneration committee has been established to review and suggest policies regarding the remuneration of directors and senior management[35]. - A nomination committee has been formed to develop nomination policies and make recommendations to the board regarding the appointment of directors[36]. - An audit committee has been established to review and monitor the financial reporting procedures and internal control systems of the group[37]. - The audit committee has reviewed the financial statements for the three months ended March 31, 2020, and confirmed compliance with applicable accounting standards[37]. - The board of directors consists of two executive directors and three independent non-executive directors[38]. Cash Flow and Taxation - The group maintained a healthy and stable cash flow position during the reporting period[20]. - There were no income taxes payable by the group in the Cayman Islands as per local regulations[16]. Stock Options and Conduct - The company did not grant or formally adopt any stock options during the review period[30]. - The company has adopted a code of conduct for securities trading by directors, which is less stringent than the GEM Listing Rules[34].
紫荆国际金融(08340) - 2019 Q3 - 季度财报
2019-10-21 08:42
Financial Performance - For the nine months ended September 30, 2019, the group recorded revenue of approximately HKD 96.3 million[4]. - For the three months ended September 30, 2019, the group achieved a profit of HKD 1.18 million, compared to a loss of HKD 1.22 million for the same period in 2018[6]. - The loss attributable to shareholders for the nine months ended September 30, 2019, decreased to approximately HKD 2.52 million from a profit of HKD 3.14 million in the same period of 2018[6]. - Operating expenses for the nine months ended September 30, 2019, were HKD 12.15 million, slightly reduced from HKD 12.19 million in the same period of 2018[6]. - Basic loss per share for the nine months ended September 30, 2019, was HKD 0.39, compared to earnings of HKD 0.49 per share in the same period of 2018[19]. - For the nine months ended September 30, 2019, the group recorded a revenue of approximately HKD 9.63 million[25]. - For the three months ended September 30, 2019, the group achieved a profit of approximately HKD 1.18 million, while for the nine months, it recorded a net loss of approximately HKD 2.52 million[25]. Shareholder Information - The total equity attributable to shareholders as of September 30, 2019, was HKD 32.55 million, down from HKD 36.27 million at the beginning of the year[8]. - The total number of ordinary shares as of September 30, 2019, was 640,000,000 shares[26]. - The major shareholder, Mr. Zhong Haoren, holds 344,680,000 shares, representing 53.86% of the total shares[30]. Corporate Governance - The company has established a Nomination Committee to develop nomination policies and make recommendations to the Board regarding director appointments[40]. - The Audit Committee consists of three independent non-executive directors and has reviewed the financial statements for the nine months ending September 30, 2019, ensuring compliance with applicable accounting standards[41]. - The Audit Committee has confirmed that the financial statements provide sufficient disclosure as per the GEM listing rules[41]. - The Board of Directors includes both executive and independent non-executive members, ensuring a balanced governance structure[42]. Business Operations - The group primarily provides financial services in Hong Kong, with no significant business or geographical segment analysis reported[14]. - The group completed over 13 corporate finance advisory projects despite facing intense competition and market challenges[23]. - The group plans to continue focusing on corporate finance advisory services, placements, underwriting, and IPO-related projects to maintain competitiveness[24]. Financial Position and Outlook - The group maintained a healthy and stable cash flow situation as of September 30, 2019[25]. - The group did not incur any income tax provision due to tax losses for the nine months ended September 30, 2019[16]. - The company did not grant or formally adopt any share options during the reporting period[32]. - The economic outlook for the remainder of 2019 remains uncertain, with expectations of market volatility[24]. - As of September 30, 2019, the group had no significant contingent liabilities[27]. Dividends - The group did not recommend the payment of any dividends for the nine months ended September 30, 2019[21].
紫荆国际金融(08340) - 2019 - 中期财报
2019-07-22 11:16
Financial Performance - For the six months ended June 30, 2019, the group recorded revenue of approximately HKD 5.48 million, a decrease of 58.8% compared to HKD 13.27 million for the same period in 2018[4] - The loss attributable to shareholders for the six months ended June 30, 2019, was approximately HKD 3.70 million, compared to a profit of approximately HKD 4.36 million for the same period in 2018[4] - The basic and diluted loss per share for the six months ended June 30, 2019, was HKD 0.58, compared to earnings of HKD 0.68 per share for the same period in 2018[6] - The company recorded a revenue of approximately HKD 5.48 million for the six months ended June 30, 2019, compared to a profit of approximately HKD 4.36 million for the same period in 2018, indicating a significant decline in performance[33] - The loss attributable to equity holders for the six months ended June 30, 2019, was approximately HKD 3.7 million, compared to a profit of approximately HKD 4.36 million in 2018, reflecting a shift in financial performance[22] Operating Expenses and Cash Flow - The operating expenses for the six months ended June 30, 2019, were HKD 9.17 million, an increase of 13.8% from HKD 8.07 million in the same period of 2018[6] - The net cash used in operating activities for the six months ended June 30, 2019, was HKD 0.84 million, compared to a net cash generated of HKD 5.42 million in the same period of 2018[10] - The company maintained a healthy and stable cash flow position as of June 30, 2019[34] Equity and Assets - The total equity as of June 30, 2019, was HKD 31.38 million, a decrease of 10.4% from HKD 35.07 million as of December 31, 2018[8] - The cash and cash equivalents at the end of June 30, 2019, were HKD 32.93 million, down from HKD 34.41 million at the beginning of the period[10] - The group’s non-current assets increased to HKD 4.57 million as of June 30, 2019, from HKD 1.32 million as of December 31, 2018[8] - The group’s current liabilities increased to HKD 6.18 million as of June 30, 2019, from HKD 2.39 million as of December 31, 2018[8] - The company has no significant contingent liabilities as of June 30, 2019, indicating a stable financial position[39] - The company has no assets pledged as collateral as of June 30, 2019, reflecting a low-risk profile[37] Dividend and Shareholder Information - The group did not recommend the payment of any dividend for the six months ended June 30, 2019, compared to no dividend in the same period of 2018[4] - The company does not recommend any dividend payment for the six months ended June 30, 2019, consistent with the previous year[29] - As of June 30, 2019, the total number of ordinary shares was 640,000,000, with a par value of HKD 0.01 per share[36] - Mr. Zhong Haoren holds 344,670,000 shares, representing 53.85% of the company's equity[43] - Vinco Asia Limited, controlled by Mr. Zhong, holds 326,400,000 shares, accounting for 51% of the company's equity[43] Corporate Governance and Management - The company has established a remuneration committee to review and recommend the remuneration policies for directors and senior management[53] - The audit committee has reviewed the financial statements for the six months ended June 30, 2019, ensuring compliance with applicable accounting standards[56] - The company has complied with the corporate governance code, except for certain deviations due to its relatively small size[49] - There are no known conflicts of interest involving directors and management with respect to competitive businesses[45] - The company is currently evaluating the impact of implementing the corporate governance code on its operations[50] - The board consists of two executive directors and three independent non-executive directors[57] - The company has not granted any share option schemes as of the report date[46] Market Outlook and Operations - The company completed approximately nine corporate finance-related projects during the first half of 2019, despite facing intense competition in the market[31] - The outlook for the second half of 2019 remains uncertain, but the company remains optimistic and will continue to focus on corporate finance advisory services and related projects[32] - The company has 17 employees, with total employee costs (including director remuneration) amounting to approximately HKD 4.01 million for the half-year period[38] - The company did not engage in any purchase, sale, or redemption of its listed securities during the six months ended June 30, 2019[47]
紫荆国际金融(08340) - 2019 Q1 - 季度财报
2019-04-25 10:57
Financial Performance - The group's revenue for the three months ended March 31, 2019, was approximately HKD 3.84 million, a decrease of 49.6% compared to HKD 7.61 million for the same period in 2018[5]. - The net loss attributable to the company's owners for the three months ended March 31, 2019, was approximately HKD 860,000, compared to a profit of HKD 2.81 million for the same period in 2018[7]. - Operating expenses increased by approximately 10.08% to about HKD 4.7 million, up from HKD 4.27 million in the previous year, primarily due to one-time office relocation costs[23]. - The company reported a basic and diluted loss per share of HKD 0.13 for the three months ended March 31, 2019, compared to earnings of HKD 0.44 per share in the same period of 2018[18]. - The company reported a revenue increase of 15% year-over-year, reaching $500 million in Q3 2023[42]. - The company provided guidance for Q4 2023, expecting revenue between $520 million and $550 million, representing a growth of 10% to 12%[42]. Cash Flow and Dividends - The company maintained a healthy and stable cash flow position, with no debt-to-equity ratio reported[22]. - The company did not recommend the payment of any dividends for the three months ended March 31, 2019, consistent with the previous year[20]. Market and Operational Insights - The performance was negatively impacted by the US-China trade war and clients' negative sentiment towards tightening regulatory measures[23]. - During the reporting period, the company completed one listing project and six corporate financing projects despite intense competition[23]. - The company will continue to focus on general corporate financing advisory services and related projects listed in Hong Kong to maintain its market competitiveness[24]. - Market expansion efforts led to a 30% increase in international sales, contributing $150 million to total revenue[42]. - Customer retention rate reached 85%, indicating strong user satisfaction and loyalty[42]. Shareholding and Governance - As of March 31, 2019, Mr. Zhong Haoren holds 344,670,000 shares, representing 53.85% of the company's equity[26]. - Vinco Asia Limited, wholly owned by Mr. Zhong, holds 326,400,000 shares, accounting for 51.00% of the company's equity[28]. - The company has complied with the corporate governance code and report, except for certain deviations due to its relatively small scale[32]. - The audit committee reviewed the financial statements for the three months ended March 31, 2019, and confirmed compliance with applicable accounting standards[40]. - The board of directors consists of executive directors Mr. Zhong Haoren and Mr. Lin Yiqing, along with independent non-executive directors[41]. Future Outlook and Strategic Initiatives - Investment in new product development increased by 25%, with a focus on AI-driven financial solutions[42]. - The company announced a strategic acquisition of a fintech startup for $50 million to enhance its technology capabilities[42]. - Operating margin improved to 18%, up from 15% in the previous quarter[42]. - The company plans to launch two new products in Q1 2024, targeting a 5% increase in market share[42]. - Overall, the company remains optimistic about future growth, citing a robust pipeline of projects and strategic initiatives[42].
紫荆国际金融(08340) - 2018 - 年度财报
2019-03-28 10:48
(於開曼群島註冊成立的有限公司 ) 股份代號 年報 2018 Annual Report 2018 年 報 Annual Report 2018 1 域高金融集團有限公司 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在主板本交易所上市的公司帶有 較高投資風險的公司提供一個上市的市場。有意投資的人士應了解投資於該等公司的潛在風險,並應經過 審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司新興的性質所然,在GEM買賣的證券可能會較於主板買賣之證券承 受較大的市場波動風險,同時無法保證在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及香港聯合交易所有限公司對本報告之內容概不負責,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報告全部或任何部分內容而產生或因依賴該等內容而引致之任何 損失承擔任何責任。 本報告(域高金融集團有限公司各董事願共同及個別對此負全部責任)乃遵照聯交所GEM證券上市規則 (「GEM上市規則」)的規定而提供關於域高金融集團有限公司的資料。董事在作出一切合理查詢後,確認就 彼等所 ...