Financial Performance - For the six months ended December 31, 2024, the company reported total revenue of HKD 22,663,000, a decrease of 1.54% compared to HKD 23,017,000 in the same period of 2023[5]. - The company incurred a loss before tax of HKD 25,199,000, which is an improvement of 16.4% from a loss of HKD 30,302,000 in the previous year[5]. - The basic and diluted loss per share was HKD 3.38, compared to HKD 4.05 in the prior period, indicating a reduction in loss per share by 16.6%[5]. - The company reported a net loss of HKD 25,187,000 for the period, compared to a net loss of HKD 30,134,000 in the previous year, showing a 16.4% improvement[6]. - The company’s total comprehensive loss for the period was HKD 46,996,000, compared to HKD 31,983,000 in the previous year, indicating an increase in comprehensive loss by 46.9%[6]. Revenue Breakdown - Revenue from client contracts amounted to HKD 6,297,000, down from HKD 6,833,000 in the previous year, reflecting a decline of 7.8%[16]. - Commission and fee income from brokerage, futures, and options decreased to HKD 2,918,000 from HKD 3,620,000, a drop of 19.4%[16]. - Corporate finance revenue increased to HKD 867,000, up 33.8% from HKD 648,000 in the prior year[16]. - Interest income from financial assets at amortized cost was HKD 9,829,000, down from HKD 11,012,000, representing a decrease of 10.7%[16]. - Dividend income rose to HKD 3,804,000, an increase of 31.4% compared to HKD 2,895,000 in the previous year[16]. - Rental income for the period was HKD 1,375,000, slightly down from HKD 1,467,000, a decrease of 6.3%[16]. Asset and Liability Management - Total non-current assets decreased to HKD 378,285,000 from HKD 457,665,000, reflecting a decline of 17.3%[8]. - The company's cash and cash equivalents increased to HKD 98,543,000 from HKD 108,818,000, a decrease of 9.5%[8]. - The total liabilities increased to HKD 584,456,000 from HKD 484,046,000, representing an increase of 20.7%[8]. - The company’s investment properties value decreased to HKD 61,745,000 from HKD 68,599,000, a decline of 10%[8]. - The company’s administrative expenses decreased to HKD 30,588,000 from HKD 33,634,000, a reduction of 9.1%[5]. Shareholder Information - The company declared an interim dividend of HKD 7,603,000 for the six months ended December 31, 2024, consistent with the previous year's interim dividend of HKD 7,445,000[26]. - The board declared an interim dividend of HKD 0.01 per ordinary share for the six months ended December 31, 2024[55]. Compliance and Governance - The company has maintained its accounting policies consistent with the previous year, ensuring no impact on financial performance from the adoption of revised Hong Kong Financial Reporting Standards[11]. - The group has reassessed its liabilities and concluded that the classification of liabilities as current or non-current remains unchanged, indicating stability in financial reporting[12]. - The company has adopted the corporate governance code principles as per the Hong Kong Stock Exchange rules for the six months ending December 31, 2024[57]. - The audit committee has reviewed the accounting principles and practices, including the interim report for the six months ending December 31, 2024[60]. - Ernst & Young has conducted an independent review of the unaudited interim financial statements as per the Hong Kong Institute of Certified Public Accountants[61]. Market and Investment Outlook - The investment market is expected to heat up again in January and February 2025, with the Hang Seng Index surpassing its October 2024 high[49]. - The group recorded a revaluation loss of HKD 5 million during the period, compared to a loss of HKD 2 million in the same period last year[46]. - The group’s capital-to-debt ratio was approximately 11% as of December 31, 2024[50]. - The group has a significant investment in a non-listed equity security, which accounted for about 3.1% of total assets as of December 31, 2024[45].
新华汇富金融(00188) - 2025 - 中期业绩