Financial Performance - Commission and fee income increased to HKD 96,019,000, up 27.8% from HKD 75,132,000 in the same period last year[1] - Interest income decreased to HKD 162,669,000, down 41.0% from HKD 275,298,000 year-on-year[1] - Total revenue and other income decreased to HKD 285,148,000, down 40.8% from HKD 481,665,000 in the previous year[1] - The company reported a loss attributable to shareholders of HKD 355,288,000, compared to a loss of HKD 373,225,000 in the same period last year, representing an improvement of 4.5%[2] - Basic and diluted loss per share improved to HKD 0.13 from HKD 0.14 year-on-year[2] - The company reported a pre-tax loss of HKD 368,664,000 for the six months ended June 30, 2024, compared to a loss of HKD 312,915,000 in 2023[11] - The group reported a loss of approximately HKD 355.3 million for the six months ended June 30, 2024, compared to a loss of HKD 373.2 million in the same period of 2023[41] Revenue Breakdown - Total revenue for the brokerage segment was HKD 42,331,000, while the corporate finance and underwriting segment generated HKD 33,717,000[10] - Other income increased to HKD 109,053,000 for the six months ended June 30, 2024, compared to HKD 91,256,000 in 2023, marking a rise of 19.5%[14] - The asset management and advisory segment reported revenue of HKD 19,971,000, while the margin financing segment had no revenue[10] - Commission and fee income from corporate finance and underwriting services was HKD 33.7 million, an increase of HKD 28.6 million or 560.6% compared to HKD 5.1 million in the same period of 2023[34] Assets and Liabilities - Total assets decreased to HKD 17,162,460,000 from HKD 18,211,046,000 as of December 31, 2023[5] - Total liabilities decreased to HKD 15,583,763,000 from HKD 16,414,406,000 as of December 31, 2023[6] - The company’s total equity decreased to HKD 1,578,697,000 from HKD 1,796,640,000[5] - The total amount of loans and advances as of June 30, 2024, was HKD 1,344,776, a decrease from HKD 1,504,413 as of December 31, 2023, reflecting a decline of approximately 10.6%[23] - The total accounts receivable as of June 30, 2024, was HKD 818,560, significantly higher than HKD 475,934 as of December 31, 2023, representing an increase of approximately 71.9%[24] Expenses - The total expenses for the group were HKD 676,375,000, leading to a pre-tax loss of HKD 358,524,000[10] - The total expenses for the six months ended June 30, 2024, were HKD 855,422,000, compared to HKD 577,456,000 in 2023, reflecting an increase of approximately 48%[11] - Depreciation expenses totaled HKD 61,631,000 across various segments[10] Cash Flow and Liquidity - As of June 30, 2024, the group's cash and bank balances increased by HKD 292.1 million to HKD 1,591.5 million[42] - The net current assets increased by HKD 323.8 million to HKD 4,382.2 million as of June 30, 2024[42] - The group has sufficient liquidity to support business operations and potential investment opportunities[43] Market Activity - The company completed 29 new listings on the Hong Kong Stock Exchange, a decrease of 6.45% from the same period in 2023, with total IPO fundraising amounting to HKD 13.15 billion, down 26.04% year-on-year[34] - The group covered 135 listed companies across nine major industries, with a 30% increase in the issuance of in-depth reports compared to the previous year[40] Strategic Focus - The company is focusing on expanding its asset management services in mainland China through its subsidiaries in Shanghai and Shenzhen[35] - The company aims to transform towards a light-asset business model while enhancing its financial service capabilities through technology and green finance initiatives[44] - The company is focused on enhancing its comprehensive financial service capabilities to create value for shareholders and investors[44] Governance and Compliance - The company has adopted the Corporate Governance Code and complied with all relevant provisions during the reporting period[46] - No interim dividends were declared for the six months ending June 30, 2024, consistent with the previous year[47]
交银国际(03329) - 2024 - 中期业绩