Revenue and Profit - For the six months ended June 30, 2020, revenue was approximately HKD 32.31 million, an increase of about 0.8% compared to HKD 32.06 million for the same period in 2019[8]. - Profit for the six months ended June 30, 2020, was approximately HKD 10.14 million, representing an increase of about 28.6% from HKD 7.88 million for the same period in 2019[9]. - Revenue for the three months ended June 30, 2020, was HKD 15,026,807, a decrease of 10.5% compared to HKD 16,797,343 for the same period in 2019[12]. - The company reported a total comprehensive income of HKD 5,606,230 for the three months ended June 30, 2020, compared to HKD 3,251,743 for the same period in 2019, reflecting a growth of 72.5%[17]. - The total comprehensive income for the period was HKD 8,189,987, reflecting a significant recovery from the previous period[26]. - Basic earnings per share for the six months ended June 30, 2020, were HKD 5.07, compared to HKD 3.94 for the same period in 2019, representing a growth of 28.7%[81]. - Diluted earnings per share for the six months ended June 30, 2020, were HKD 5.07, reflecting the same growth as basic earnings per share[85]. - The company reported a net profit attributable to equity holders of HKD 10,138,734 for the six months ended June 30, 2020, an increase of 28.7% from HKD 7,881,855 in the previous year[82]. Expenses and Costs - Other operating expenses decreased to approximately HKD 6.34 million for the six months ended June 30, 2020, down from HKD 8.56 million for the same period in 2019[9]. - Employee costs increased to approximately HKD 9.64 million for the six months ended June 30, 2020, compared to HKD 8.30 million for the same period in 2019[11]. - Financing costs increased to approximately HKD 2.11 million for the six months ended June 30, 2020, compared to HKD 1.45 million for the same period in 2019[11]. - The company reported a net credit loss provision of HKD 82,750 for the six months ended June 30, 2020, compared to a net credit loss reversal of HKD 43,031 in the same period of 2019[12]. - The total tax expense for the six months ended June 30, 2020, was HKD 1,672,140, compared to HKD 885,348 for the same period in 2019, reflecting a significant increase[74]. - The group’s pre-tax profit for the six months ended June 30, 2020, was impacted by various costs, including depreciation of property, plant, and equipment totaling HKD 1,163,844, down from HKD 1,230,305 in the previous year[72]. Assets and Liabilities - Total assets as of June 30, 2020, amounted to HKD 288,685,452, an increase from HKD 243,839,652 as of December 31, 2019[20]. - The company’s net asset value increased to HKD 210,418,194 as of June 30, 2020, compared to HKD 205,376,379 at the end of 2019[23]. - The company’s total liabilities increased to HKD 135,086,294 as of June 30, 2020, from HKD 97,233,568 at the end of 2019, reflecting a rise of 39%[18]. - The total receivables amounted to HKD 233,810,987 as of June 30, 2020, up from HKD 214,306,465 at the end of 2019, indicating an increase of approximately 9%[141]. - The total amount of other receivables, including prepayments, was HKD 6,136,365 as of June 30, 2020, significantly higher than HKD 2,588,035 as of December 31, 2019[160]. - The company holds securities with a total fair value of HKD 623,669,728 as collateral for margin clients receivables as of June 30, 2020, up from HKD 412,690,408 at the end of 2019[146]. Dividends - The interim dividend declared was HKD 0.013 per share for the six months ended June 30, 2020, compared to HKD 0.012 per share for the same period in 2019[11]. - The company declared an interim dividend of HKD 2,600,546 for the six months ended June 30, 2020, up from HKD 2,400,000 for the same period in 2019[78]. Financial Performance by Segment - The financing services segment generated revenue of HKD 7,952,725 for the six months ended June 30, 2020, with a profit before tax of HKD 5,937,280[53]. - The securities and futures brokerage services segment reported revenue of HKD 21,609,499 for the six months ended June 30, 2020, resulting in a loss before tax of HKD 5,223,705[53]. - The asset management services segment recorded a revenue of HKD 342,410 for the three months ended June 30, 2020, with a loss before tax of HKD 97,706[53]. - The insurance consulting services segment achieved revenue of HKD 746,199 for the six months ended June 30, 2020, with a loss before tax of HKD 233,028[53]. Cash Flow and Investments - The net cash used in operating activities was HKD (2,798,592), an improvement from HKD (3,442,326) in the same period last year[28]. - The company generated cash inflow from investing activities of HKD 15,051,139 from the sale of financial assets, compared to HKD 10,033,382 in the prior year[28]. - The financing activities resulted in a net cash inflow of HKD 21,788,163, a substantial increase from HKD 6,442,653 in the previous period[28]. - The company’s cash flow from operating activities included interest received of HKD 8,009,417, compared to HKD 6,892,290 in the previous year[28]. Accounting and Compliance - The unaudited interim consolidated financial statements for the six months ended June 30, 2020, were prepared in accordance with Hong Kong Accounting Standards[36]. - The company’s interim financial performance has not been audited but has been reviewed by the audit committee[42]. - The company has adopted the revised Hong Kong Financial Reporting Standards effective from January 1, 2020, with no significant impact on its financial position[48]. - The company has not experienced any significant changes in lease terms due to COVID-19, and the related amendments did not impact its financial performance[49]. Stock and Share Capital - The total issued and paid-up share capital was HKD 2,000,418 as of June 30, 2020, an increase from HKD 1,999,998 as of December 31, 2019[188]. - The number of issued shares increased to 200,042,000 as of June 30, 2020, from 200,000,000 as of December 31, 2019[188]. - The company has a stock option plan effective for 10 years from June 14, 2018, aimed at rewarding eligible participants[191]. - A total of 42,000 stock options were exercised, resulting in the issuance of 42,000 ordinary shares and an increase in share capital of HKD 420 (before issuance expenses)[197].
胜利证券(08540) - 2020 - 中期财报