Financial Performance - The company reported a significant turnaround in the second quarter with a pre-tax profit of approximately HKD 3.7 million, recovering from a pre-tax loss of about HKD 3.5 million in the first quarter[4]. - Total revenue for the second quarter was approximately HKD 21.7 million, representing an increase of about 50% compared to HKD 14.1 million in the first quarter[4]. - For the six months ended September 30, 2021, total revenue was approximately HKD 35.8 million, nearly unchanged from HKD 36.1 million in the same period last year[4]. - The company recorded a pre-tax profit of approximately HKD 0.2 million for the first half of the fiscal year, a decrease from HKD 6.6 million in the previous year[13]. - The corporate finance consulting segment generated revenue of approximately HKD 35.8 million, consistent with the previous year's figures, but pre-tax profit decreased to about HKD 2.3 million from HKD 3.0 million[13]. - The group reported revenue of HKD 21,732,000 for the six months ended September 30, 2021, compared to HKD 21,700,000 for the same period in 2020, reflecting a slight increase of 0.15%[55]. - The group recorded a profit before tax of HKD 3,743,000 for the three months ended September 30, 2021, down from HKD 6,748,000 in the same period of 2020, representing a decrease of approximately 44.5%[55]. - The total comprehensive income for the period was HKD 3,564,000, compared to HKD 6,630,000 for the same period in 2020, showing a decline of about 46.3%[55]. - The company reported a profit attributable to owners of HKD 3,655,000 for the three months ended September 30, 2021, a decrease of 45.5% compared to HKD 6,703,000 for the same period in 2020[58]. - Basic earnings per share for the three months ended September 30, 2021, was HKD 2.58, down 45.4% from HKD 4.73 in the same period last year[58]. Revenue Breakdown - Revenue from financial advisory and independent financial advisory services was approximately HKD 24.1 million, accounting for about 67.3% of total revenue, down from 77.6% in 2020[16]. - Compliance advisory services generated revenue of approximately HKD 11.7 million, representing about 32.7% of total revenue, an increase from 21.9% in 2020[16]. - The company reported segment revenue of HKD 35,765,000 from corporate finance consulting services, slightly down from HKD 36,096,000 in the previous year[83]. - Advisory fees from financial consulting services amounted to HKD 12,369,000, an increase of 30.3% from HKD 9,462,000 in the previous year[93]. Expenses and Costs - Employee benefit costs slightly increased from approximately HKD 24.6 million to about HKD 24.8 million, mainly due to the absence of accrued bonuses[21]. - Depreciation and other operating expenses decreased by about 0.9% to approximately HKD 10.5 million from HKD 10.6 million in the previous period[26]. - The group’s financial costs for the six months ended September 30, 2021, were HKD 150,000, compared to HKD 158,000 for the same period in 2020, indicating a decrease of about 5.1%[55]. - The total depreciation of property and equipment was HKD 508,000, slightly down from HKD 518,000 in the previous year[98]. Assets and Liabilities - Total assets as of September 30, 2021, amounted to HKD 114,877,000, an increase from HKD 105,465,000 as of March 31, 2021[62]. - The company’s total liabilities increased to HKD 24,690,000 from HKD 11,272,000 as of March 31, 2021, showing a significant rise in financial obligations[85]. - The company has a net current asset position of HKD 89,387,000 as of September 30, 2021, down from HKD 98,454,000 as of March 31, 2021[62]. - Trade receivables increased to HKD 12,782,000 as of September 30, 2021, compared to HKD 7,486,000 as of March 31, 2021, reflecting a growth of 70.5%[62]. - Cash and cash equivalents decreased to HKD 82,608,000 as of September 30, 2021, down from HKD 96,478,000 as of March 31, 2021, a decline of 14.4%[62]. Corporate Governance and Shareholder Information - The company adhered to corporate governance guidelines, although the roles of Chairman and CEO were not separated during the period[158]. - The board confirmed compliance with the trading code for directors throughout the period[160]. - No conflicts of interest were reported between directors and the company's business during the period[161]. - As of September 30, 2021, the company has a total of 94,361,350 shares held by SGL, representing approximately 66.46% of the issued shares[165]. - Major shareholders include New Baili Group Limited, which holds 94,361,350 shares, representing 66.46%[176]. - The company has not established any arrangements that would allow directors to profit from purchasing shares of the company or any other corporation during the reporting period[174]. Future Outlook and Strategic Plans - The outlook for the second half of the fiscal year remains cautious due to ongoing market and political uncertainties, despite encouraging trading channels[7]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[60]. - The company has not disclosed any new strategies or future outlook in the provided documents[180].
新百利融资(08439) - 2022 - 中期财报