User Growth and Market Expansion - During the reporting period, the number of registered users for the open securities trading platform software "TradeGo Public Version" increased to 123,062, representing an increase of approximately 18,442 users or 17.6% compared to 104,620 users as of September 30, 2018[8]. - The number of registered users for the open securities trading platform "Trading Treasure Public Version" increased by approximately 18,442 or 17.6% to about 123,062 users[11]. - The company aims to maintain its market-leading position in providing integrated securities trading platforms for Hong Kong brokers[9]. - The company is actively seeking opportunities for market expansion and acquisitions to increase its business scale and provide sustainable returns to shareholders[30]. - The company plans to continue expanding its integrated securities trading platform services to better serve its clients in Hong Kong[90]. Financial Performance - The group reported a net profit of approximately HKD 5,886,305, compared to a loss of approximately HKD (9,546,635) in the same period last year[11]. - Revenue for the period was approximately HKD 21,871,882, a decrease of 10.3% from HKD 24,385,993 in the same period last year[11]. - Basic earnings per share attributable to owners of the company were HKD 1.22, compared to a basic loss per share of approximately HKD (2.76) in the same period last year[11]. - The net profit for the period was HKD 5,797,507, compared to a loss of HKD 10,374,895 in the same period of 2018, reflecting a positive performance shift[81]. - Total comprehensive income for the period was HKD 4,749,815, which includes other comprehensive losses of HKD 1,047,692[87]. Research and Development - The company is actively increasing its research and development investment to expand its integrated trading system services amid market uncertainties due to factors like the US-China trade war[7]. - The newly developed employee stock option management system has received positive market feedback, leading to new cooperation agreements with major Hong Kong brokers[8]. - 14.7% of the net proceeds (HKD 6.1 million) will be used for developing innovative products and enhancing R&D capabilities[32]. Operational Developments - The company has established new front-end trading system service contracts with five Hong Kong brokers, enhancing its integrated front-end trading system services[7]. - The group signed new front-end trading system service contracts with 11 Hong Kong brokers during the reporting period[15]. - The group launched a data-driven product "AiH" to track information on stocks listed under the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect systems[15]. Shareholder Information - The total number of issued shares was 500,000,000 as of September 30, 2019[51]. - The total beneficial ownership of Xin Cheng International Limited is 74,039,137 shares, representing 14.81% of total shares[57]. - Major shareholders include Maojia Holdings Limited and Fuwang Global Limited, each holding 154,264,654 shares, representing 30.85% of total shares[57]. Cash Flow and Assets - The net cash generated from operating activities was HKD 5,493,503, a significant improvement from a cash outflow of HKD 556,491 in the prior year[89]. - The company incurred a cash outflow of HKD 6,889,500 for intangible asset payments during the investment activities[89]. - Cash and cash equivalents decreased by HKD 2,897,483, resulting in a balance of HKD 45,447,349 as of September 30, 2019[89]. Compliance and Governance - The audit committee reviewed the unaudited consolidated financial statements for the six months ended September 30, 2019, ensuring compliance with applicable accounting standards[79]. - The company has adopted a code of conduct for securities transactions by directors, confirming compliance with GEM listing rules[72]. - The company maintained a balanced governance structure with three independent non-executive directors, ensuring no individual has unfettered decision-making power[73]. Economic Environment and Challenges - The establishment of the Guangdong-Hong Kong-Macao Greater Bay Area presents both unprecedented development opportunities and competitive challenges for the company[7]. - The company has delayed the establishment of a marketing center in Hong Kong due to economic slowdown and uncertainties from US-China trade tensions[41].
捷利交易宝(08017) - 2020 - 中期财报