Financial Performance - The group reported a diluted loss per share of HKD 0.56 for the year ended March 31, 2024, compared to HKD 0.25 in 2023, indicating an increase in losses[31]. - The company reported a total comprehensive loss of HKD 12,257,049 for the year ended March 31, 2023, compared to a loss of HKD 5,557,338 in the previous year, indicating a significant increase in losses[34]. - The company’s total comprehensive loss for the year ended March 31, 2024, is projected to be HKD 13,371,976, reflecting ongoing challenges in the market[34]. - The loss attributable to the company's owners for the year ending March 31, 2024, is approximately HKD 12,300,000, compared to HKD 5,600,000 for the year ending March 31, 2023[53]. - The company recorded a net loss attributable to shareholders of HKD 12,257,049 for the year ending March 31, 2024, compared to a loss of HKD 5,557,338 in 2023[127]. Revenue and Income - Revenue from commission and brokerage fees for securities trading on the Stock Exchange amounted to HKD 4,485,249, up from HKD 3,807,725 in the previous year, reflecting a growth of approximately 17.8%[49]. - The company generated total income of HKD 40,516,830, representing an increase from HKD 37,971,113 in the previous year, which is an increase of approximately 4.3%[49]. - The group's total revenue and investment income for the year amounted to approximately HKD 37,400,000, an increase of about 17.8% compared to HKD 31,700,000 for the year ending March 31, 2023[53]. - Commission income from placement and underwriting increased by approximately 143.8% from HKD 840,994 to HKD 2,050,753[174]. - Interest income from margin clients increased to HKD 13,791,831, a rise of 68.5% compared to HKD 8,204,639 in the prior year[49]. Assets and Liabilities - The group's total assets decreased to HKD 182,712,587 as of March 31, 2024, down from HKD 198,131,781 in 2023, representing a decline of approximately 7.4%[33]. - The group’s net assets decreased to HKD 181,678,837 as of March 31, 2024, down from HKD 195,365,266 in 2023, reflecting a decline of approximately 7%[33]. - The company’s total liabilities amounted to HKD 105,848,801 for the year ending March 31, 2024, compared to HKD 72,776,070 in the previous year[113]. - The group’s secured loans totaled HKD 70,980,572 as of March 31, 2024, down from HKD 95,769,725 in 2023, indicating a reduction of approximately 26%[14]. - The total amount of trade payables for securities trading decreased from HKD 64,015,324 to HKD 28,141,118[159]. Impairment and Credit Losses - The expected credit loss model resulted in impairment losses of HKD 881,977 for the year, an increase from HKD 618,935 in the previous year[23]. - The group recorded a goodwill impairment loss of HKD 30,526,810 in 2024, compared to HKD 17,577,504 in 2023[23]. - The expected credit loss on trade receivables for 2024 is HKD 3,852,949, compared to HKD 202,431 in 2023[73]. - The expected credit loss on loans receivable for 2024 is HKD 30,096,209, compared to HKD 33,849,805 in 2023[73]. - The total receivables impairment loss for the year was HKD 30,096,209, compared to HKD 33,849,805 in the previous year, indicating a decrease of approximately 8.2%[158]. Expenses - The group’s administrative expenses increased to HKD 17,540,267 in 2024 from HKD 16,217,755 in 2023, indicating a rise of about 8.1%[23]. - The pre-tax loss for the year was HKD 11,053,072, reflecting an increase in administrative expenses and financing costs[76]. - The company’s financing costs amounted to HKD 1,223,892, contributing to the overall financial strain[76]. - Administrative expenses for the year were approximately HKD 17,500,000, an increase of about 8.2% from HKD 16,200,000 in the previous year[197]. Market Conditions - The company continues to face high market volatility risks associated with trading on the GEM, which may affect liquidity and trading volume[52]. - The Hong Kong IPO market saw a total fundraising amount of approximately HKD 46.294 billion in 2023, a decline of about 57% compared to 2022[146]. - The Hang Seng Index dropped to 16,541 points as of March 31, 2024, down approximately 18.9% from 20,400 points a year earlier[146]. Client and Borrower Information - The number of clients increased to 29 in 2024, up from 24 in 2023, with personal clients rising from 15 to 18 and corporate clients from 9 to 11[151]. - The company had a significant customer contributing approximately 11.5% of total revenue for the year ending March 31, 2024, up from 10.6% in the previous year[119]. - The company had a total of 29 borrowers as of March 31, 2024, compared to 24 borrowers in the previous year[170]. - The maximum borrower accounted for approximately 36.8% of the total loan portfolio, an increase from 25.1% in the previous year[172].
昌利控股(08098) - 2024 - 年度业绩