Financial Performance - Total revenue for the six months ended June 30, 2021, was HKD 9,307,000, a decrease of 28.5% compared to HKD 13,024,000 for the same period in 2020[4] - Gross profit for the same period was HKD 8,534,000, down 30.5% from HKD 12,254,000 in 2020[4] - The company reported a significant increase in realized gains from listed securities, totaling HKD 11,270,000, compared to HKD 5,229,000 in the previous year, representing a 115.4% increase[4] - The net profit attributable to owners for the six months was HKD 80,141,000, a substantial increase from HKD 697,000 in 2020[4] - Basic and diluted earnings per share for the period were HKD 57.59, compared to HKD 0.50 in the same period last year[4] - The adjusted profit before tax for the six months ended June 30, 2021, was HKD 96,054,000, a significant increase from HKD 1,576,000 in the same period of 2020[23] - The company reported a profit of HKD 80,368,000 for the six months ended June 30, 2021, compared to HKD 1,289,000 in the same period of 2020, indicating a substantial increase[23] Assets and Liabilities - Total assets as of June 30, 2021, amounted to HKD 403,764,000, an increase from HKD 350,837,000 at the end of 2020[5] - The company's net asset value increased to HKD 352,550,000 from HKD 272,628,000 at the end of 2020, reflecting a growth of 29.3%[7] - The company’s cash and cash equivalents in ordinary accounts increased to HKD 147,056,000 from HKD 126,065,000, indicating a 16.6% rise[5] - Non-current assets decreased to HKD 63,400,000 from HKD 65,300,000, a decline of 2.9%[5] - The total assets increased to HKD 467,164,000 as of June 30, 2021, from HKD 416,137,000 as of December 31, 2020, representing a growth of approximately 12.0%[24] - The total liabilities decreased to HKD 114,614,000 as of June 30, 2021, from HKD 143,509,000 as of December 31, 2020, a reduction of about 20.1%[24] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2021, was HKD 33,302,000, compared to a net cash used of HKD 5,590,000 in the same period of 2020[11] - The cash and cash equivalents at the end of the period increased to HKD 147,056,000 from HKD 91,965,000, marking a rise of approximately 60.0%[11] - The company’s financing activities used net cash of HKD 12,321,000 for the six months ended June 30, 2021, compared to HKD 1,080,000 in the same period of 2020[11] Revenue Sources - The securities brokerage business generated revenue of approximately HKD 5,400,000 for the period, down from HKD 7,200,000 in the same period of 2020, accounting for about 57.9% of total revenue[48] - Loan interest income from lending activities was approximately HKD 3,600,000 for the period, down from HKD 5,600,000 in 2020, representing about 38.7% of total revenue[51] - Rental income for the period was approximately HKD 300,000, maintaining the same level as in 2020, and accounted for about 3.3% of the group's total revenue[55] Investments - The company completed the acquisition of 49% equity in a subsidiary for HKD 200,000, which is no longer considered a related party[9] - The group recorded realized gains from the sale of listed securities of approximately HKD 11,300,000, up from HKD 5,200,000 in the same period of 2020[56] - The unrealized gains from listed securities amounted to approximately HKD 84,100,000, a significant increase from a loss of HKD 8,100,000 in 2020, primarily due to the investment in Hong Kong Aerospace Technology Group Limited, which contributed approximately HKD 82,500,000[56] - As of June 30, 2021, the group held listed equity investments with a fair value of approximately HKD 108,700,000, up from HKD 41,200,000 as of December 31, 2020[66] Corporate Governance - The audit committee, composed solely of independent non-executive directors, reviewed the unaudited financial results for the six months ended June 30, 2021, confirming compliance with applicable accounting standards[85] - The company has adhered to the corporate governance code throughout the six-month period ending June 30, 2021, except for the absence of two independent non-executive directors at the annual general meeting[82] - The company has not authorized any director or senior management to profit from acquiring the company's shares or bonds during the reporting period[77] - The company has no interests held by directors or management shareholders in any competing businesses[78] Shareholder Information - As of June 30, 2021, Ms. Huang Jiawen holds 26,533,363 shares, representing 19.07% of the company's issued share capital[74] - The company has no unexercised share options as of June 30, 2021, following the termination of the 2002 Share Option Scheme and the adoption of a new scheme effective from June 15, 2012[75] - The new share option scheme will remain effective for a period of ten years from its adoption date[75] - The company has not received any notifications of other interests or short positions in its issued share capital as of June 30, 2021[74]
树熊金融集团(08226) - 2021 - 中期财报