Financial Performance - The total revenue for the group for the six months ended September 30, 2021, was approximately HKD 21.6 million, representing a 3.0% increase compared to the same period in 2020[7]. - Net profit for the period was approximately HKD 8.7 million, representing a 29.0% increase from approximately HKD 6.7 million for the six months ended September 30, 2020[19]. - The company reported total revenue of HKD 21,621,000, an increase of 3.05% compared to HKD 20,983,000 for the same period in 2020[71]. - The company's profit before tax for the same period was HKD 10,560,000, representing a 29.3% increase from HKD 8,161,000 in the previous year[71]. - The company reported a net profit of HKD 8,663,000 for the six months ended September 30, 2021, compared to HKD 6,713,000 for the same period in 2020, representing a year-over-year increase of approximately 29.05%[75]. Revenue Breakdown - Commission income from the brokerage services decreased by 0.6% to approximately HKD 10.3 million, accounting for 47.5% of total revenue[8]. - Interest income from margin financing services increased by 0.8% to approximately HKD 9.4 million, representing 43.5% of total revenue[10]. - Commission income from placement and underwriting services rose by 48.1% to approximately HKD 1.9 million, accounting for 9.0% of total revenue[11]. - Total revenue from commission and brokerage income for the six months ended September 30, 2021, was HKD 12,219 thousand, up from HKD 11,651 thousand in the previous year, indicating a growth of about 4.88%[85]. - The brokerage services segment generated revenue of HKD 10,275,000, while the margin financing services segment contributed HKD 9,402,000, indicating strong performance in these areas[91]. Expenses and Costs - Other operating expenses decreased by 5.2% to approximately HKD 4.7 million, down from approximately HKD 4.9 million for the six months ended September 30, 2020[17]. - Employee costs increased by approximately 31.4% to about HKD 5.4 million, compared to HKD 4.1 million for the six months ended September 30, 2020[28]. - The total employee costs for the six months ended September 30, 2021, amounted to HKD 5,351,000, an increase from HKD 4,554,000 in the same period of 2020, showing a rise of approximately 17.5%[99]. - The total commission expenses for the six months ended September 30, 2021, were HKD 1,526,000, compared to HKD 809,000 in the same period of 2020, representing an increase of approximately 88.5%[91][93]. - Interest expenses for the six months ended September 30, 2021, totaled HKD 268,000, a decrease from HKD 956,000 in the same period of 2020, reflecting better cost management[100]. Assets and Liabilities - As of September 30, 2021, the group's cash and bank deposits totaled approximately HKD 97.9 million, an increase from approximately HKD 92.4 million as of March 31, 2021[20]. - The group's current assets net value was approximately HKD 330.1 million, an increase of about HKD 8.0 million from approximately HKD 322.1 million as of March 31, 2021[20]. - The company’s current liabilities rose to HKD 243,057 thousand as of September 30, 2021, compared to HKD 211,176 thousand as of March 31, 2021, marking an increase of approximately 15.08%[73]. - The total liabilities as of September 30, 2021, included accounts payable of HKD 229,443,000, an increase from HKD 206,198,000 as of March 31, 2021, reflecting a rise of approximately 11.3%[120]. - The company’s receivables decreased to HKD 270,002 thousand as of September 30, 2021, from HKD 295,770 thousand as of March 31, 2021, representing a decline of approximately 8.73%[73]. Shareholder Information - The board does not recommend the payment of an interim dividend for the period[37]. - The controlling shareholders have committed to a non-competition agreement effective from the company's listing date, prohibiting them from engaging in competitive businesses directly or indirectly[45]. - As of September 30, 2021, Mr. Li holds a 75% equity interest in the company, represented by 750,000,000 shares[49]. - The controlling shareholder Wan Shun holds a 75% equity interest in the company, also represented by 750,000,000 shares[54]. - The company reported no dividends declared or proposed for the period ended September 30, 2021, consistent with the previous year where no dividends were paid[106]. Future Outlook and Strategy - The group plans to expand its margin financing services to capture market opportunities[15]. - The group anticipates a gradual recovery in the global economy as COVID-19 vaccination programs are implemented worldwide[14]. - The group aims to enhance its capabilities to solidify its position in the industry amidst external economic factors[15]. - The group has adopted a conservative approach to its expansion plans due to the ongoing COVID-19 crisis and market uncertainties[34]. - The group plans to utilize the net proceeds of approximately HKD 90.6 million from its listing for various purposes, including expanding its placement and underwriting business and upgrading IT systems[32].
富石金融(02263) - 2022 - 中期财报