Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 250,778,000, a decrease of 8.8% compared to HKD 275,060,000 in the same period last year[4] - The net loss from other gains and losses was HKD (24,779,000), compared to HKD (2,597,000) in the previous year, indicating a significant decline[4] - The pre-tax profit for the period was HKD 118,347,000, down 12.8% from HKD 135,647,000 in the prior year[4] - The net profit for the period was HKD 98,127,000, a decrease of 10.0% from HKD 109,067,000 year-on-year[4] - Total comprehensive income for the period was HKD 142,304,000, compared to HKD 94,820,000 in the previous year, reflecting an increase of 50.1%[7] - Basic and diluted earnings per share were both HKD 0.81, down from HKD 0.96 in the previous year, a decline of 15.6%[7] - The company reported a significant decline in net profit, with a loss of HKD (38,591) thousand compared to a profit of HKD 1,061,514 thousand in the previous year[18] - Profit attributable to the company's owners for the same period was approximately HKD 78.7 million, down from HKD 92.8 million in 2019[89] - Basic earnings per share decreased to HKD 0.81 from HKD 0.96 in the previous year[89] Assets and Liabilities - The total assets as of September 30, 2020, were HKD 6,078,935,000, an increase from HKD 5,899,920,000 at the end of the previous fiscal year[9] - The company’s total assets as of September 30, 2020, were HKD 6,638,008 thousand, reflecting a decrease from HKD 7,232,000 thousand in the previous year[18] - The company’s liabilities totaled HKD 1,257,235,000 as of September 30, 2020, compared to HKD 663,489,000 as of March 31, 2020, indicating a significant increase[36] - Total receivables as of September 30, 2020, amounted to HKD 4,133,324,000, an increase from HKD 3,564,867,000 as of March 31, 2020, indicating a growth of approximately 15.9%[56] - The company reported a provision for losses of HKD 223,443,000 for receivables as of September 30, 2020, compared to HKD 148,318,000 as of March 31, 2020, representing an increase of approximately 50.6%[55] Cash Flow - The company reported a net cash outflow from operating activities of HKD (237,182) thousand for the six months ended September 30, 2020, compared to HKD (31,815) thousand in the same period of 2019[23] - The net cash used in investing activities was HKD (599,954) thousand, a significant decrease from HKD 119,156 thousand in the previous year[23] - The company generated net cash from financing activities amounting to HKD 411,391 thousand, contrasting with a net cash outflow of HKD (189,138) thousand in the prior year[23] - The total cash and cash equivalents decreased by HKD (425,745) thousand, compared to a decrease of HKD (101,797) thousand in the same period last year[23] - The ending cash and cash equivalents stood at HKD 479,450 thousand, up from HKD 404,165 thousand at the end of the previous year[23] Dividends - The company declared dividends of HKD 86,965,000, a decrease from HKD 169,097,000 in the previous year, reflecting a reduction of 48.7%[7] - The company declared an interim dividend of HKD 0.5 per share for the six months ended September 30, 2020, down from HKD 0.75 per share in 2019[46] Business Segments - The brokerage segment generated revenue of HKD 29,850,000, while the corporate finance segment contributed HKD 860,000, and the investment segment brought in HKD 27,206,000 for the six months ended September 30, 2020[34] - The brokerage business recorded a profit of approximately HKD 8.1 million, compared to a loss of HKD 1.4 million in 2019, driven by increased turnover and larger corporate financing transactions[95] - Brokerage segment revenue increased by 50% to approximately HKD 29.9 million, up from HKD 19.9 million in the previous fiscal period[95] Risk Management - The company has a robust risk management policy in place to monitor financial risks, including market, credit, and liquidity risks[74] - Credit risk is managed through setting limits on the amount of risk per borrower and monitoring the credit quality of financial assets[79] - The company faces cash flow interest rate risk due to its receivables, loans, and bank borrowings, but currently has no interest rate hedging policy in place[75] Corporate Governance - The company has adhered to the corporate governance code but noted deviations regarding the appointment terms of non-executive directors and the roles of the chairman and CEO being held by the same individual[131] - All directors confirmed compliance with the trading code for securities during the review period[134] Employee Information - The total employee compensation cost for the period was HKD 12,500,000, compared to HKD 12,300,000 in 2019[114] - As of September 30, 2020, the company had 77 employees, a decrease from 78 employees on March 31, 2020[114]
结好控股(00064) - 2021 - 中期财报