Financial Performance - Imagi Brokerage's total assets under management reached approximately HK$793 million as of June 30, 2021, generating asset management fee income of approximately HK$4.1 million during the review period [13]. - Revenue from placements and underwriting services for the review period was approximately HK$12.5 million, a significant increase from approximately HK$0.3 million in the corresponding period of 2020 [15]. - Imagi Brokerage's revenue for the Period under Review was approximately HK$50.6 million, a substantial increase from approximately HK$16 million in the same period last year, representing a year-over-year growth of 216.25% [21]. - The segment results for Imagi Brokerage were approximately HK$43.1 million, compared to approximately HK$14.2 million for the same interim period last year, indicating a year-over-year increase of 203.77% [23]. - The money lending business contributed approximately HK$6.9 million in revenue during the Period under Review, reflecting the company's cautious approach in a challenging economic environment [26]. - The company reported a total revenue of HK$9,280,000 for the period ending June 30, 2021, representing a year-over-year increase of 18.24% [123]. - The net loss for the same period was HK$21,780,000, which is a decrease of 0.78% compared to the previous year [127]. - The company achieved a market capitalization of HK$20,385,253,835, reflecting a growth of 1.78% [129]. - The total assets held by the company amounted to HK$942,527,875 as of June 30, 2021 [141]. Margin Financing - The outstanding margin financing as of June 30, 2021, was approximately HK$581 million, with related revenue of approximately HK$32.1 million, compared to HK$308 million and HK$15.4 million for the same period in 2020, representing a year-over-year increase of 88% in outstanding margin financing and 108% in revenue [14]. - The company has focused substantial resources on the development of its margin financing business, indicating a strategic emphasis on expanding this segment [14]. Business Development and Strategy - Imagi Brokerage is licensed for multiple regulated activities, including Type 1 (Dealing in Securities), Type 2 (Dealing in Futures Contracts), Type 4 (Advising on Securities), Type 5 (Advising on Futures Contracts), and Type 9 (Asset Management) under the Securities and Futures Ordinance [10]. - The company is committed to enhancing its brokerage and related services, aiming to capture a larger market share in the financial services sector [10]. - The report highlights the company's ongoing efforts to improve its financial service offerings and expand its client base through strategic initiatives [10]. - The company is taking a cautious approach towards new business ventures and expansion plans due to current unstable market conditions [21]. - The company has applied for an additional license for Type 6 (Advising on Corporate Finance) regulated activity, which is expected to generate additional revenue [21]. - The company has commenced a new service in IPO financing and secured banking facilities dedicated to this business [21]. - Imagi Brokerage's management is committed to continuously reviewing market conditions and adjusting strategies accordingly [21]. Market Presence and Future Outlook - The company has a strategic focus on expanding its market presence, particularly in the new energy vehicle sector [176]. - The company is actively pursuing new product development initiatives to enhance its competitive edge in the market [176]. - The company reported a significant investment in technology, with a focus on innovation and sustainability [176]. - The company is exploring potential mergers and acquisitions to accelerate growth and market penetration [176]. - The company has set ambitious performance guidance for the upcoming fiscal year, aiming for a revenue increase of at least 15% [176]. - The company is committed to improving operational efficiency, targeting a reduction in net losses by 10% in the next quarter [176]. Market Conditions - Despite the challenges posed by the COVID-19 pandemic, the company remains confident in the long-term prospects of the Hong Kong equity market [21].
元汇集团(00585) - 2021 - 中期财报