Revenue and Profit - For the six months ended June 30, 2021, revenue was approximately HKD 55.46 million, an increase of about 71.7% compared to HKD 32.31 million for the same period in 2020[7]. - Profit for the six months ended June 30, 2021, was approximately HKD 13.70 million, representing a 35.1% increase from HKD 10.14 million for the same period in 2020[8]. - The company's revenue for the six months ended June 30, 2021, was HKD 13,698,257, an increase of 35.3% compared to HKD 10,138,734 for the same period in 2020[12]. - Total revenue for the six months ended June 30, 2021, was HKD 55,457,960, representing a 71.9% increase from HKD 32,305,714 for the same period in 2020[72]. - Client contract revenue for the six months ended June 30, 2021, was HKD 38,113,651, up from HKD 23,170,239 in the same period of 2020, reflecting a 64.4% growth[75]. Expenses - Employee costs for the six months ended June 30, 2021, were approximately HKD 14.01 million, up from HKD 9.64 million for the same period in 2020, primarily due to business expansion[9]. - Commission expenses for the six months ended June 30, 2021, were approximately HKD 9.37 million, an increase from HKD 5.46 million for the same period in 2020, mainly due to increased trading activity in the Stock Connect programs[9]. - Other operating expenses for the six months ended June 30, 2021, were approximately HKD 8.31 million, compared to HKD 6.13 million for the same period in 2020, driven by increased trading and settlement fees as well as marketing expenses[10]. - Financing costs for the six months ended June 30, 2021, were approximately HKD 3.74 million, up from HKD 2.11 million for the same period in 2020, consistent with increased interest income from financing services[10]. - Total tax expenses for the six months ended June 30, 2021, were HKD 1,965,785, compared to HKD 1,672,140 in the same period in 2020, marking a 17.5% increase[98]. Assets and Liabilities - The total assets as of June 30, 2021, amounted to HKD 886,112,883, a significant increase from HKD 431,876,659 as of December 31, 2020[17]. - Current liabilities increased to HKD 729,805,008 as of June 30, 2021, from HKD 280,306,122 at the end of 2020, indicating a rise in short-term obligations[17]. - The company’s total liabilities as of June 30, 2021, were HKD 742,566,025, compared to HKD 281,801,192 at the end of 2020, indicating a substantial increase in overall debt[17]. - The company’s cash and cash equivalents as of June 30, 2021, were HKD 44,122,445, up from HKD 30,335,158 at the end of 2020[17]. - Total receivables increased to HKD 819,694,613 as of June 30, 2021, compared to HKD 384,821,689 as of December 31, 2020, reflecting a growth of 113.2%[190]. Equity and Dividends - The interim dividend declared for the six months ended June 30, 2021, was HKD 0.013 per share, unchanged from the same period in 2020[10]. - Total equity as of June 30, 2021, is HKD 208,941,860, an increase from HKD 205,376,379 as of June 30, 2020, representing a growth of approximately 1.3%[27][30]. - Retained earnings reached HKD 33,283,894, showing a significant increase from HKD 15,665,689 in the previous year, indicating a growth of approximately 112.5%[27][30]. Cash Flow - The net cash used in operating activities for the six months ended June 30, 2021, was HKD (435,358,640), compared to HKD (2,798,592) in the same period of 2020, reflecting a substantial increase in cash outflow[33]. - The company reported a net cash inflow from financing activities of HKD 448,457,553, a significant increase from HKD 21,788,163 in the previous year[34]. - The company’s cash flow from investing activities showed a net outflow of HKD (10,305,176), compared to HKD (2,798,868) in the previous year, indicating increased investment activity[33]. Financial Performance by Segment - The securities and futures brokerage services segment generated revenue of HKD 34,640,317 for the six months, contributing significantly to the overall performance[66]. - Financing services reported revenue of HKD 8,012,305 for the six months, with a profit before tax of HKD 5,414,965[66]. - Asset management services achieved revenue of HKD 16,915,567 for the six months, with a profit before tax of HKD 12,237,753[66]. - Insurance consulting services generated revenue of HKD 385,058 for the six months, with a slight loss of HKD 11,173[66]. Accounting and Reporting - The financial statements for the six months ending June 30, 2021, were prepared in accordance with Hong Kong Accounting Standards and have been reviewed by the audit committee[56]. - The company has not reported any significant changes in accounting policies compared to the previous fiscal year ending December 31, 2020[57]. - The financial report does not include all disclosures required by annual financial statements, indicating a focus on interim reporting[52]. Investments and Assets Valuation - The company has established a licensed entity for institutional financing advisory services, which is restricted to professional investors and does not hold client assets[48]. - The group has secured general bank financing against its properties, with total carrying values of HKD 48,300,000 for land and buildings and HKD 9,900,000 for investment properties as of June 30, 2021[115][137]. - The company plans to continue engaging external valuers quarterly to assess the value of its properties, ensuring accurate market assessments[135].
胜利证券(08540) - 2021 - 中期财报