Financial Performance - Total revenue for the six months ended September 30, 2020, was HKD 31,932,000, an increase of 14.8% compared to HKD 27,859,000 for the same period in 2019[12]. - The company reported a net loss attributable to owners of the company of HKD 872,000 for the six months ended September 30, 2020, compared to a loss of HKD 189,000 for the same period in 2019[12]. - The company recorded a pre-tax profit of HKD 85,000 for the three months ended September 30, 2020, down from HKD 1,113,000 for the same period in 2019[12]. - The total comprehensive income for the three months ended September 30, 2020, was HKD 6,000, down from HKD 963,000 for the same period in 2019[12]. - The company reported a pre-tax loss of HKD 769 thousand for the six months ended September 30, 2020, compared to a loss of HKD 56 thousand in the previous year[15]. - The company’s total comprehensive loss for the period was HKD 872 thousand, compared to a loss of HKD 189 thousand for the same period in 2019[14]. Revenue Breakdown - Revenue for the six months ended September 30, 2020, was approximately HKD 31.0 million, an increase of about 11.5% compared to HKD 27.8 million for the same period in 2019[52]. - Revenue breakdown for the six months ended September 30, 2020: HKEX contributed HKD 27.4 million (88.2%), SGX contributed HKD 1.3 million (4.2%), and OTC transactions contributed HKD 2.4 million (7.6%) [54]. Employee Costs - Employee costs increased significantly to HKD 22,599,000 for the six months ended September 30, 2020, up from HKD 14,808,000 in the same period of 2019, representing a rise of 52.5%[12]. - Employee costs increased from approximately HKD 14.8 million to HKD 22.6 million, representing a rise of about 52.7% due to the hiring of two senior brokers and increased share-based payments[55]. - The total compensation for key management personnel for the six months ended September 30, 2020, was 10,282,000 HKD, compared to 5,366,000 HKD for the same period in 2019, reflecting a significant increase[49]. Assets and Liabilities - As of September 30, 2020, the company's total assets decreased to HKD 94,060 thousand from HKD 94,452 thousand as of March 31, 2020, reflecting a decline of approximately 0.41%[13]. - The company’s trade receivables decreased to HKD 11,743 thousand from HKD 14,736 thousand, a reduction of about 20%[13]. - The company’s total liabilities decreased to HKD 4,069 thousand from HKD 7,959 thousand, reflecting a decline of approximately 48%[13]. - The total equity increased to HKD 89,731 thousand as of September 30, 2020, from HKD 86,184 thousand as of March 31, 2020, marking an increase of approximately 3%[13]. Cash Flow and Investments - The operating cash flow for the six months ended September 30, 2020, was HKD 9,567 thousand, significantly higher than HKD 2,134 thousand for the same period in 2019, indicating an increase of approximately 348%[15]. - The company’s net cash used in investing activities was HKD 265 thousand for the six months ended September 30, 2020, compared to HKD 49 thousand in the previous year[15]. - The group had no significant investments or acquisitions during the review period[69]. Share and Equity Plans - The company adopted a share option scheme on July 30, 2018, aimed at incentivizing employees and contributors through equity participation[41]. - The share option plan will remain effective for ten years starting from July 30, 2018, with a maximum of 10% of issued shares available for grants without prior shareholder approval[42]. - The share award plan was adopted on April 4, 2019, and is valid for five years, aimed at recognizing and rewarding contributions to the group's growth[44]. - A total of 88,000,000 shares were injected into the share award plan by Mr. Yu on April 10, 2019[45]. - As of September 30, 2020, 61,552,000 shares remain unexercised from the share award plan after 26,448,000 shares were vested during the period[48]. - The company has not granted any options under the share option plan since its adoption[42]. Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules during the six months ending September 30, 2020[91]. - The company has adopted the GEM Listing Rules regarding securities trading standards, confirming compliance with no violations reported as of September 30, 2020[92]. - The audit committee was established on July 30, 2018, and is responsible for reviewing financial information, risk management, and internal control systems[97]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2020[98]. Future Outlook - The company has indicated a focus on improving operational efficiency and exploring new market opportunities in the upcoming periods[12]. - The company has made progress in its business goals, including hiring brokers and expanding its product offerings in the OTC market[78]. - The company has allocated approximately HKD 2.0 million for hiring a senior broker to strengthen its Hong Kong Exchange division[79].
衍汇亚洲(08210) - 2021 - 中期财报