Revenue Performance - Total revenue decreased by HK$2,151,510, or 21%, from HK$10,353,668 for the six months ended May 31, 2024 to HK$8,202,158 (US$1,046,074) for the six months ended May 31, 2025[2] - Revenue for the six months ended May 31, 2025, was HK$8,202,158, a decrease of 20.7% compared to HK$10,353,668 for the same period in 2024[50] - Total revenues for the six months ended May 31, 2025, were HK$8,202,158 (US$1,046,074), a decrease of 20.8% compared to HK$10,353,668 in the same period of 2024[89] - Financial PR Services revenue decreased from HK$7,611,392 in 2024 to HK$4,679,637 in 2025, representing a decline of 38.4%[89] Cost and Expenses - Direct cost of revenues decreased by HK$1,235,933, or 36%, from HK$3,475,990 in 2024 to HK$2,240,057 (US$285,689) in 2025[9] - General and administrative expenses increased by HK$566,648, or 10%, from HK$5,633,768 in 2024 to HK$6,200,416 (US$790,778) in 2025[13] - Staff costs decreased by HK$310,710, or 19%, from HK$1,641,745 in 2024 to HK$1,331,035 (US$169,755) in 2025[14] - Professional and consultancy fees increased by HK$1,934,136, or 123%, from HK$1,576,579 in 2024 to HK$3,510,715 (US$447,744) in 2025[15] - Operating expenses for the six months ended May 31, 2025, totaled HK$9,165,755, a decrease of 5.4% from HK$9,687,065 in the prior year[50] Income and Taxation - Net income for the six months ended May 31, 2025, was HK$36,606, a significant decline from HK$1,231,158 in the prior year[50] - Income tax benefits of HK$82,500 (US$10,522) were recognized in 2025, compared to an expense of HK$40,302 in 2024, reflecting a decrease in income before taxes[24] Assets and Liabilities - Accounts receivable, net increased by HK$887,011, or 38%, from HK$2,358,162 as of November 30, 2024 to HK$3,245,173 (US$413,878) as of May 31, 2025[28] - Total current assets as of November 30, 2024, were HK$69,688,174, with cash and cash equivalents at HK$63,535,847[49] - Total liabilities increased to HK$8,497,197 as of May 31, 2025, compared to HK$7,124,051 as of November 30, 2024[49] - The allowance for credit losses rose from HK$7,027,799 in November 2024 to HK$7,527,799 in May 2025, indicating an increase of 7.1%[113] - As of May 31, 2025, the Group had taxes payables of HK$2,932,183 (US$373,960)[130] Cash Flow - Net cash used in operating activities was HK$95,540 for the six months ended May 31, 2025, compared to HK$1,562,652 for the same period in 2024[36] - Cash provided by investing activities was HK$2,694,991 for the period ended May 31, 2025, primarily from director repayment[40] - Net cash used in financing activities was HK$251,422 for the period ended May 31, 2025, primarily due to repayment of bank loan[42] - Cash and cash equivalents at the end of the period for May 31, 2025, were HK$65,883,876, reflecting a slight increase from HK$65,526,292 at the end of the previous period[52] Shareholder Equity and Stock - The company had total shareholders' equity of HK$64,641,861 as of May 31, 2025, compared to HK$64,605,255 as of November 30, 2024[49] - The weighted average number of ordinary shares for the six months ended May 31, 2025, was 12,565,068, slightly up from 12,377,049 in the previous year[50] - The Company had 450,000,000 authorized Class A Ordinary Shares, with 11,625,000 issued and outstanding[139] - The maximum aggregate number of Class A Ordinary Shares issuable under the 2025 Stock Incentive Plan is 2,625,000[144] Acquisitions and Future Plans - In August 2025, the Company signed an agreement to acquire LQ Capital Limited, which holds a money lender's license, to enhance its lending capabilities[142] - The Company completed the acquisition of LQ Capital on August 7, 2025, for total consideration of approximately HK$130,000[147] - The Company completed the acquisition of Shenzhen Huiyue Technology Co., Ltd on August 21, 2025, for a total consideration of HK$1, aiming to leverage opportunities in the Hong Kong IPO market[149] - The Company expects the acquisitions to require additional resources and potentially impact operating expenses in future periods[143] Financial Management and Risk - The Group's liquidity management ensures sufficient cash on demand to meet operational expenses for a period of 180 days[108] - The Group's exposure to foreign currency risk is minimal as HK$ is pegged to US$[106] - The Group does not expect significant changes in its assessment regarding unrecognized tax positions over the next 12 months[97]

Core Viewpoint - Intelligent Group Limited, through its subsidiary Huiyue Finance, is facing a decline in revenue and profitability, indicating potential challenges in its business operations and market conditions [1]. Financial Performance - As of November 30, 2024, Huiyue Finance reported total revenue of HKD 20.29 million, a year-on-year decrease of 1.23% [1]. - The company recorded a net profit attributable to shareholders of HKD -0.4257 million, reflecting a significant year-on-year decline of 110.46% [1]. Company Overview - Intelligent Group Limited was established on July 5, 2018, in the British Virgin Islands and operates primarily through its Hong Kong-based subsidiary, Huiyue Finance Group [1]. - The company has built strong partnerships with over 100 securities firms and 150 financial analysts in Hong Kong and mainland China, focusing on providing valuable financial content services [1]. - Huiyue Finance Group is headquartered in Hong Kong, with additional branches in Guangzhou and Shenzhen, serving as a communication service provider for leading enterprises in the Hong Kong and US stock markets [1].

Core Insights - Intelligent Group Limited's stock price increased by 3.27% to $1.105 per share, with a total market capitalization of $31.08 million as of August 8 [1] - The company's total revenue for the period ending November 30, 2024, is projected to be HKD 20.29 million, reflecting a year-on-year decrease of 1.23% [1] - The net profit attributable to the parent company is expected to be a loss of HKD 425,700, representing a significant year-on-year decline of 110.46% [1] Company Overview - Intelligent Group Limited was established on July 5, 2018, in the British Virgin Islands and operates primarily through its subsidiary, Huiyue Finance Group [1] - The company has established a strong presence in Hong Kong, collaborating with over 100 securities firms and more than 150 financial analysts to provide valuable financial content services [1] - Huiyue Finance Group is headquartered in Hong Kong, with additional branches in Guangzhou and Shenzhen, focusing on communication services for leading enterprises in the Hong Kong and US stock markets [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of Intelligent Group Limited, particularly its subsidiary, Huiyue Finance, which has experienced a decline in revenue and net profit [1] - As of August 7, Huiyue Finance's stock price increased by 5.22%, reaching $1.21 per share, with a total market capitalization of $34.03 million [1] - Financial data indicates that for the period ending November 30, 2024, Huiyue Finance's total revenue was HKD 20.29 million, a year-on-year decrease of 1.23%, while the net profit attributable to the parent company was a loss of HKD 425,700, reflecting a significant year-on-year decline of 110.46% [1] Group 2 - Intelligent Group Limited was established on July 5, 2018, in the British Virgin Islands and operates primarily through its Hong Kong-based subsidiary, Huiyue Finance Group [1] - The company has built strong partnerships with over 100 securities firms and 150 financial analysts in Hong Kong and mainland China, focusing on providing valuable financial content services to major financial institutions [1] - Huiyue Finance Group is headquartered in Hong Kong, with additional branches in Guangzhou and Shenzhen, serving as a communication service provider for leading enterprises in the Hong Kong and US stock markets [1]

Core Insights - The stock price of Intelligent Group Limited (INTJ) increased by 2.63% on August 4, closing at $1.17 per share with a total market capitalization of $32.9062 million [1] - Financial data indicates that as of November 30, 2024, the total revenue of Intelligent Group Limited was HKD 20.2866 million, representing a year-on-year decrease of 1.23% [1] - The net profit attributable to the parent company was a loss of HKD 425,700, reflecting a significant year-on-year decline of 110.46% [1] Company Overview - Intelligent Group Limited was established on July 5, 2018, in the British Virgin Islands and operates primarily through its subsidiary, Intelligent Finance Group [1] - The company has a strong presence in Hong Kong, collaborating closely with over 100 securities firms and more than 150 financial analysts to provide valuable financial content services [1] - The group is headquartered in Hong Kong and has branches in Guangzhou and Shenzhen, focusing on communication services for leading enterprises in the Hong Kong and U.S. stock markets [1]

Revenue Performance - Total revenue for the year ended November 30, 2024, was HK$20,286,590 (US$2,607,363), a decrease of HK$252,628 or 1.2% compared to HK$20,539,218 in 2023[286]. - Financial PR services revenue constituted 51% of total revenues in 2024, down from 75% in 2023 and 92% in 2022, reflecting a significant decline due to clients adjusting their strategic positioning[288]. - Project-based financial PR services revenue increased by HK$4,883,105 or 187% from HK$2,607,555 in 2023 to HK$7,490,660 (US$962,748) in 2024, driven by increased demand for roadshow and listing ceremony services[290]. Expenses and Costs - Direct cost of revenues rose to HK$7,970,194 (US$1,024,381) in 2024, an increase of HK$3,464,711 or 77% from HK$4,505,483 in 2023, primarily due to higher staff costs and supplier procurement costs[293]. - Staff costs for the year ended November 30, 2024, amounted to HK$5,767,541 (US$741,282), up from HK$3,160,163 in 2023, indicating a significant increase in operational expenses[280]. - General and administrative expenses increased to HK$13,875,156 (US$1,783,324) in 2024, up from HK$8,623,437 in 2023, reflecting rising operational costs[286]. - Selling expenses increased significantly to HK$3,276,562 for the year ended November 30, 2023, up 243% from HK$957,546 in 2022[294]. - Entertainment expenses surged by HK$2,325,708, or 656%, from HK$354,652 in 2022 to HK$2,680,360 in 2023, driven by increased capital market activities[295]. - Advertisement expenses rose by HK$52,414, or 185%, from HK$28,374 in 2022 to HK$80,785 in 2023, reflecting heightened advertising activities[298]. - Administrative expenses grew by HK$1,550,077, or 22%, from HK$7,073,360 in 2022 to HK$8,623,437 in 2023, and further increased by 61% to HK$13,875,156 in 2024[304]. - Staff costs rose by HK$471,228, or 45%, to HK$1,506,800 in 2023, and increased by 121% to HK$3,322,707 in 2024 due to recruitment and salary raises[305]. Financial Performance - The company experienced a net loss of HK$425,709 (US$54,715) for the year ended November 30, 2024, compared to a net income of HK$4,068,979 in 2023[286]. - The company’s income (loss) from operations for 2024 was a loss of HK$2,526,233 (US$324,688), compared to a profit of HK$4,133,736 in 2023[286]. - Provision for doubtful accounts increased by HK$1,614,945, or 299%, from HK$540,000 in 2022 to HK$2,154,945 in 2023, and further increased by 126% to HK$4,872,854 in 2024[311]. Assets and Liabilities - Current assets rose to HK$69,688,174 in 2024, up from HK$30,797,351 in 2023, with cash and cash equivalents increasing to HK$63,535,847[320]. - Working capital improved significantly to HK$64,576,951 in 2024, compared to HK$16,548,284 in 2023[320]. - Accounts receivable, net balance decreased by HK$3,062,378, or 56%, from HK$5,420,540 as of November 30, 2023, to HK$2,358,162 (US$303,086) as of November 30, 2024[322]. - Prepayments and other receivables increased by HK$1,766,344, or 2,208%, from HK$80,000 to HK$1,846,344 as of November 30, 2023, and 2024, mainly due to prepayment of a consultancy fee[324]. - Accruals and other payables increased by HK$1,125,289, or 746%, from HK$150,940 as of November 30, 2023, to HK$1,276,229 (US$164,029) as of November 30, 2024[325]. - Contract liabilities decreased by HK$1,391,183, or 92%, from HK$1,519,584 as of November 30, 2023, to HK$128,400 (US$16,503) as of November 30, 2024[326]. Cash Flow and Financing - Net cash used in operating activities for the year ended November 30, 2024, was HK$1,247,966, primarily due to a net loss of HK$425,709[333]. - Net cash provided by financing activities for the year ended November 30, 2024, was HK$48,580,126, primarily from HK$49,040,843 funds from issuance of ordinary shares[337]. - Cash and cash equivalents at the end of the year for 2024 were HK$63,535,847 (US$8,166,037), up from HK$25,296,811 in 2023[329]. Related Party Transactions - As of November 30, 2023, the amount due from Ms. Wai Lau is HK$1,556,765 (US$200,085), which is expected to be fully repaid by March 2025 to support business expansion[341]. - The total amount due to related parties as of November 30, 2023, is HK$7,536,359, which includes HK$6,358,430 owed to Ms. Wai Lau[341]. - The company made payments on behalf of Ms. Wai Lau totaling HK$9,093,124 (US$1,168,707) during the year[341]. Credit Risk and Liquidity - Provision for allowance for credit loss of accounts receivables was HK$3,890,793 for the year ended November 30, 2024[323]. - The company has no off-balance sheet arrangements that would affect its liquidity or capital resources[342]. - The Group adopts the current expected credit loss model (CECL) for estimating expected credit losses on accounts receivable[346]. - The company ensures sufficient liquidity to meet financial obligations for a period of 180 days under normal conditions[508]. - The exposure to foreign currency risk is minimal as HK$ is pegged to US$[506]. - The company does not require collateral from customers, minimizing credit risk exposure[503]. Outlook - The company plans to closely monitor economic conditions and market developments throughout 2025 and beyond, indicating a cautious outlook amid ongoing uncertainties[284].

Company Performance - For the year ended November 30, 2023, total revenue was HK$20,539,218 (US$2,630,030), a significant increase from HK$14,331,576 in 2022 [222]. - Net income for the year ended November 30, 2023, was HK$4,068,979 (US$521,029), compared to HK$3,479,011 in 2022 [222]. - Financial PR services revenue constituted 85% of total revenues for the year ended November 30, 2023, amounting to HK$15,427,899 (US$1,975,530), up 16% from HK$13,248,243 in 2022 [223]. - Project-based financial PR services revenue increased by 140% to HK$2,607,555 (US$333,895) for the year ended November 30, 2023, following the lifting of COVID-19 restrictions [226]. Expenses and Costs - Staff costs for the year ended November 30, 2023, amounted to HK$3,160,163 (US$404,656), up from HK$2,096,145 in 2022 [215]. - Direct cost of revenues increased by HK$2,013,179, or 80.78%, from HK$2,492,304 for the year ended November 30, 2022 to HK$4,505,483 (US$576,923) for the year ended November 30, 2023, mainly due to the increase in staff costs and employee compensation [230]. - Total selling expenses increased to HK$3,276,562 (US$419,561) for the year ended November 30, 2023, up from HK$957,546 in 2022, representing a significant increase of 242.5% [231]. - Entertainment expenses surged by HK$2,325,708, from HK$354,652 in 2022 to HK$2,680,360 (US$343,218) in 2023, driven by increased capital market activities [235]. - Administrative expenses rose by HK$1,550,077, or 21.9%, to HK$8,623,437 (US$1,104,224) for the year ended November 30, 2023, primarily due to an increase in provision for doubtful accounts [239]. - Professional and consultancy fees decreased by HK$813,555, or 23%, to HK$2,628,447 (US$336,571) for the year ended November 30, 2023, following a prior increase due to audit fees related to the proposed listing [249]. Assets and Liabilities - Current assets increased by HK$12,397,384, or 67.4%, from HK$18,399,967 as of November 30, 2022 to HK$30,797,351 (US$3,943,576) as of November 30, 2023 [263]. - Total current liabilities increased by HK$9,242,934, or 184.5%, from HK$5,006,133 to HK$14,249,067 (US$1,824,581) primarily due to an increase in due to related parties [263]. - Contract liabilities increased by HK$352,747, or 30.2%, from HK$1,166,837 to HK$1,519,584 (US$194,581) as a result of serving more customers and new corporate clients paying fees in advance [270]. - Operating lease liabilities surged by HK$607,540, or 237%, from HK$255,968 to HK$863,508 (US$110,572) due to a new lease for office premises [272]. Cash Flow - Net cash provided by operating activities decreased to HK$2,728,981 from HK$7,066,941, reflecting a decline in net income adjustments and changes in operating assets and liabilities [274]. - Net cash provided by financing activities increased significantly to HK$7,082,765, primarily from funds received from a director and related parties [283]. - The company had net cash used in financing activities of HK$4,547,805 for the year ended November 30, 2022, mainly due to dividend payments of HK$2,300,186 [295]. - The company had net cash provided by investing activities of HK$6,560 for the year ended November 30, 2023, primarily from equipment purchases and director repayment [293]. Risk Factors - The company faces significant competition in the financial services industry in Hong Kong, which may pressure profitability and market share [216]. - The ongoing geopolitical tensions and economic conditions may adversely affect the Hong Kong capital markets and the company's operations [213]. - The company will continue to monitor economic conditions and market trends closely throughout 2024 and beyond [220]. Credit Management - The company made an allowance for doubtful debts of HK$2,154,945 during the year ended November 30, 2023, indicating a focus on managing credit risk [266]. - The company believes its working capital will be sufficient to meet anticipated cash needs for at least the next twelve months [296].

NEW YORK, March 19, 2024 (GLOBE NEWSWIRE) -- Intelligent Group Limited (NASDAQ:INTJ) (the "Company"), a Hong Kong based financial public relations company, today announced the pricing of its initial public offering (the "Offering") of 1,875,000 ordinary shares (the "Ordinary Shares"), at a price of $4 per Ordinary Share. The Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on March 20, 2024 under the symbol "INTJ." The Offering is expected to close on March 22, 2024, subject to the ...