Financial Performance - The company recorded an unaudited revenue of approximately HKD 26,300,000 for the six months ended September 30, 2021, representing an increase of about 23% compared to the same period last year[3]. - The unaudited profit attributable to the owners of the company for the six months ended September 30, 2021, was approximately HKD 13,700,000, a decrease compared to the same period in 2020, primarily due to changes in the fair value of financial assets[3]. - Basic and diluted earnings per share for the six months ended September 30, 2021, were approximately HKD 0.62, down from HKD 1.00 in the same period of 2020[3]. - The company reported a net loss attributable to owners of approximately HKD 758,403 for the six months ended September 30, 2021, compared to a profit of HKD 13,619,208 in the same period of 2020[5]. - The company’s total comprehensive income for the six months ended September 30, 2021, was HKD 13,696,151, compared to HKD 22,109,116 for the same period in 2020, reflecting a decrease of approximately 38.2%[11]. - The total revenue for the six months ended September 30, 2021, was HKD 26,260,018, an increase from the previous year's HKD 18,049,172[29]. - The pre-tax profit for the period was HKD 15,997,900, with a net profit of HKD 13,696,151 after tax expenses of HKD 2,301,749[29]. - The company’s net profit attributable to shareholders for the six months ended September 30, 2021, was approximately HKD 13,700,000, a decrease from HKD 22,100,000 in the same period of 2020[91]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2021, consistent with the previous year[3]. - The company did not recommend an interim dividend for the six months ended September 30, 2021, consistent with no dividend declared for the same period in 2020[48]. - The board does not recommend the payment of an interim dividend for the six months ended September 30, 2021, consistent with the previous year[95]. Assets and Liabilities - Total assets less current liabilities as of September 30, 2021, were HKD 234,412,385, compared to HKD 234,248,453 as of March 31, 2021[9]. - The company's non-current assets as of September 30, 2021, amounted to HKD 29,466,675, a decrease from HKD 57,417,772 as of March 31, 2021[7]. - The company’s total liabilities as of September 30, 2021, were HKD 72,121,816, an increase from HKD 53,132,944 as of March 31, 2021[9]. - The total assets of the group as of September 30, 2021, were HKD 294,082,357, with total liabilities of HKD 38,150,889[33]. - The company’s total equity increased to HKD 233,342,057 as of September 30, 2021, from HKD 232,785,779 as of April 1, 2021[11]. Cash Flow and Investments - The company reported a net cash outflow from operating activities of HKD (7,096,952) for the six months ended September 30, 2021, compared to HKD (462,084) for the same period in 2020[13]. - The company incurred a net cash outflow from investing activities of HKD (8,728,872) for the six months ended September 30, 2021, slightly improved from HKD (8,988,306) in the same period of 2020[13]. - The company reported a net cash outflow from financing activities of HKD (562,428) for the six months ended September 30, 2021, compared to HKD (13,761,315) in the same period of 2020, indicating a significant reduction in cash outflow[13]. - The company reported a decrease in cash and cash equivalents at the end of the period to HKD (5,386,552) from HKD 9,924,511 at the end of the previous year[13]. Revenue Sources - Total revenue from ongoing operations for the six months ended September 30, 2021, was HKD 26,260,018, an increase from HKD 21,356,586 in the same period of 2020, representing a growth of approximately 22.4%[22]. - The company generated commission and brokerage fees from securities trading on the Stock Exchange amounting to HKD 4,061,349 for the six months ended September 30, 2021, compared to HKD 3,218,197 in the previous year, reflecting a growth of 26.2%[22]. - Interest income from cash and margin clients was HKD 4,106,952 for the six months ended September 30, 2021, up from HKD 3,689,683 in the same period of 2020, indicating an increase of 11.4%[22]. - Interest income from loan financing services was approximately HKD 11,000,000 for the six months ended September 30, 2021, compared to approximately HKD 11,100,000 in the same period of 2020[86]. Trade Receivables - Trade receivables increased to HKD 83,339,500 as of September 30, 2021, compared to HKD 49,662,276 as of March 31, 2021[7]. - The total trade receivables as of September 30, 2021, amounted to HKD 83,339,500, an increase of 67.6% from HKD 49,662,276 as of March 31, 2021[54]. - The aging analysis of trade receivables showed that the balance for margin clients as of September 30, 2021, was HKD 71,501,334, significantly higher than HKD 43,283,860 as of March 31, 2021[59]. - The company reported no impairment losses on trade receivables for the six months ended September 30, 2021, maintaining a consistent credit quality assessment[61]. Credit and Risk Management - Credit risk is considered low due to established credit policies and regular monitoring of overdue balances, with a focus on minimizing credit risk from receivables[105]. - The company has established credit limits for each customer, which are subject to regular reviews to mitigate credit risk[68]. - The company continues to assess the credit quality of receivables based on the initial credit granting date and any changes in credit quality up to the reporting date[68]. Future Outlook and Strategy - The group plans to actively seek investment opportunities to enhance profitability, although there are no major investment or acquisition plans currently[102]. - The management expects the impact of COVID-19 to continue to diminish, with a focus on expanding the customer base and enhancing trading platforms to grow brokerage and underwriting businesses[103]. - The group aims to become a leading financial services group in Hong Kong, exploring potential business opportunities to generate new revenue streams[103]. Governance and Compliance - The audit committee has been established to review and supervise the financial reporting procedures and internal controls of the group, consisting of three independent non-executive directors[133]. - The unaudited condensed consolidated interim results for the six months ended September 30, 2021, have been reviewed by the audit committee, confirming compliance with applicable accounting standards and regulations[133]. - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, representing approximately 68.18% of the company's issued share capital[121].
昌利控股(08098) - 2022 - 中期财报