Financial Performance - Total revenue for the six months ended September 30, 2020, was HKD 185,537,000, a decrease of 3.6% from HKD 191,701,000 in the same period last year[8]. - The net profit for the period was HKD 70,151,000, representing an increase of 18.8% compared to HKD 59,026,000 in the previous year[8]. - The company reported a total comprehensive income of HKD 85,476,000, up from HKD 59,918,000, marking a year-on-year increase of 42.6%[11]. - Basic and diluted earnings per share increased to HKD 2.8 from HKD 2.4, an increase of 16.7%[11]. - The group reported a segment profit of HKD 88,362,000 for the combined operations, reflecting strong performance across its business segments[41]. - Profit attributable to the company's owners for the period was approximately HKD 70.2 million, an increase from HKD 59 million in 2019, primarily due to reduced financing costs from convertible bonds[86]. - Basic earnings per share increased to HKD 2.8, up from HKD 2.4 in 2019, reflecting the increase in profit[87]. Revenue Breakdown - Segment revenue for brokerage was HKD 31,110,000, while the revenue from margin financing was HKD 153,567,000, contributing to a total segment revenue of HKD 185,537,000[41]. - Revenue from the brokerage segment increased by 46.7% to approximately HKD 31.1 million, compared to HKD 21.2 million in the previous fiscal period[94]. - Interest income from securities margin financing decreased by 9.8% to approximately HKD 153.6 million, down from HKD 170.3 million in 2019[95]. Assets and Liabilities - Total assets as of September 30, 2020, were HKD 5,054,006,000, compared to HKD 4,294,585,000 at the end of the previous period[13]. - The total assets of the group as of September 30, 2020, amounted to HKD 5,197,504,000, with total liabilities of HKD 1,230,555,000, indicating a healthy asset-liability ratio[44]. - The company’s total liabilities as of September 30, 2020, were HKD 487,807,000, with allocated liabilities primarily in securities and margin financing[47]. - As of September 30, 2020, the total accounts payable from securities trading amounted to HKD 581,170,000, an increase from HKD 478,475,000 as of March 31, 2020, representing a growth of approximately 21.5%[63]. Cash Flow - For the six months ended September 30, 2020, the net cash used in operating activities was HKD (385,938,000), compared to HKD (280,923,000) in 2019, indicating a significant increase in cash outflow[27]. - The net cash generated from financing activities was HKD 583,548,000, a substantial increase from HKD 84,105,000 in the previous year, reflecting improved financing conditions[27]. - Total cash and cash equivalents at the end of the period increased to HKD 410,690,000 from HKD 226,067,000 in the prior year, showing a positive cash flow trend[27]. - Bank balances and cash on hand increased to HKD 410,700,000 from HKD 260,900,000 as of March 31, 2020, primarily due to cash inflow from loans from the ultimate holding company[103]. Dividends and Retained Earnings - The company declared a dividend of HKD 125,000,000, down from HKD 175,000,000, indicating a decrease of 28.6%[11]. - The group’s retained earnings decreased by HKD 100,000,000 due to dividend distributions during the period[25]. - The interim dividend proposed is HKD 75,000,000, maintaining the same per share dividend of HKD 0.03 as in 2019[50]. Employee and Management Information - The total remuneration for directors and key management personnel for the six months ended September 30, 2020, was HKD 1,792,000, a decrease from HKD 1,949,000 in 2019, representing a decline of approximately 8.1%[82]. - The group had a total of 58 full-time employees as of September 30, 2020, down from 59 as of March 31, 2020[110]. Corporate Governance - The company has adhered to the corporate governance code as per the listing rules during the period ending September 30, 2020[133]. - The audit committee reviewed the unaudited condensed consolidated interim financial statements for the six months ending September 30, 2020[136]. - All directors confirmed compliance with the standard code for securities trading throughout the review period[137]. - There have been no changes in director information since the publication of the annual report for the year ending March 31, 2020[138].
结好金融(01469) - 2021 - 中期财报