正乾金融控股(01152) - 2024 - 中期财报

Financial Performance - For the six months ended June 30, 2024, Momentum Financial Holdings Limited reported a total revenue of $50 million, representing a 15$10 million, which is a 20% increase year-over-year, indicating improved operational efficiency[8]. - Revenue for the six months ended June 30, 2024, was HK$329,077,000, a decrease of 12.4$375,853,000 for the same period in 2023[9]. - Profit before taxation decreased to HK$12,898,000, representing a decline of 37.5$20,565,000 in the prior year[9]. - Profit for the period attributable to the owners of the Company was HK$9,488,000, a decrease of 42.5$16,634,000 in the same period last year[9]. - The Group recorded a profit of approximately HK$9.5 million for the six months ended 30 June 2024, representing a decrease of approximately HK$7.1 million or (42.8)% compared to the same period last year, mainly due to the decrease in revenue[115]. Revenue Projections and Growth - The company has projected a revenue growth of 10% for the next six months, aiming for a total revenue of $55 million by December 2024[8]. - New product launches are expected to contribute an additional$5 million in revenue, with a focus on enhancing digital financial services[8]. - Momentum Financial is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next year[8]. User and Market Data - User data showed a growth in active users by 25%, reaching a total of 200,000 users as of June 30, 2024[8]. - Revenue from external customers in Hong Kong was HK$328,950,000, slightly up from HK$325,270,000 in the same period last year[48]. - The PRC segment generated revenue of HK$127,000, a significant decrease from HK$50,583,000 in the prior year[48]. Financial Position and Assets - The company has strengthened its financial position with a cash reserve of $15 million, providing flexibility for future investments and growth initiatives[8]. - Current assets increased to HK$490,126,000 as of June 30, 2024, compared to HK$407,874,000 at the end of 2023, reflecting a growth of 20.1$115,831,000 as of June 30, 2024, compared to HK$107,874,000 at the end of 2023, reflecting an increase of 7.4$496,322,000, an increase of 19.6% from HK$414,741,000 as of December 31, 2023[43]. Cash Flow and Liquidity - For the six months ended June 30, 2024, the net cash used in operating activities was HK$ (9,943,000), compared to HK$7,508,000 in the same period of 2023, indicating a significant decline in operational cash flow[17]. - The total cash and cash equivalents at June 30, 2024, were HK$ 12,224,000, down from HK$14,886,000 at the same date in 2023, indicating a decrease in liquidity[17]. - The cash and cash equivalents at January 1, 2024, were HK$ 24,335,000, showing a significant drop in available cash by June 30, 2024[17]. Expenses and Liabilities - Gross profit for the period was HK$21,263,000, down 20.1$26,618,000 in the previous year[9]. - Administrative and other expenses totaled HK$2,809,000, compared to HK$4,234,000 in the previous year, showing a reduction of 33.5%[35]. - Consolidated liabilities reached HK$380,491,000, reflecting a 24$306,867,000 as of December 31, 2023[43]. Strategic Initiatives - The company is investing $2 million in research and development for new technologies aimed at improving user experience and security[8]. - A strategic acquisition of a fintech startup is under consideration, which could enhance the company's service offerings and customer base[8]. - The management emphasized a commitment to sustainability and plans to implement eco-friendly practices in operations by 2025[8]. Corporate Governance and Compliance - The financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency[24]. - The Group has adopted all new and revised HKFRSs effective from January 1, 2024, which may impact future financial reporting[24]. - The Board has resolved not to declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[135][136]. Shareholder Information - Triumph Hope Limited holds 501,330,000 shares, representing 50.13$4,910,000[101].