Financial Performance - The company reported a profit attributable to owners of the company of HKD 26,941 thousand for the six months ended June 30, 2024, compared to HKD 5,309 thousand for the same period in 2023, representing a significant increase[1]. - Total revenue for the six months ended June 30, 2024, was HKD 24,057 thousand, up 30.5% from HKD 18,410 thousand in the previous year[1]. - External revenue for the six months ended June 30, 2024, totaled HKD 43,068,000, an increase from HKD 22,044,000 for the same period in 2023, representing a growth of 95.3%[11]. - The pre-tax profit for the six months ended June 30, 2024, was HKD 26,941,000, compared to HKD 5,309,000 for the same period in 2023, indicating a significant increase of 408.5%[11]. - The group recorded a net profit of approximately HKD 25.8 million for the six months ended June 30, 2024, an increase of about HKD 21.6 million compared to HKD 4.2 million in the same period of 2023[35]. Revenue Breakdown - Service revenue increased to HKD 24,057 thousand, with notable contributions from consulting and related services (HKD 11,034 thousand) and asset management services (HKD 7,722 thousand)[7]. - Revenue from corporate finance advisory services was approximately HKD 11 million for the interim period, compared to HKD 9 million in 2023, showing an increase of about 22.2%[33]. - Revenue from asset management services was approximately HKD 8.1 million, up from HKD 7.8 million in 2023, indicating a growth of about 3.8%[34]. - Revenue from securities brokerage and related services was approximately HKD 4.9 million, significantly up from HKD 1.2 million in 2023, representing an increase of about 308.3%[34]. Assets and Equity - The company's total assets as of June 30, 2024, were HKD 531,883 thousand, a substantial increase from HKD 260,503 thousand as of December 31, 2023[2]. - The total assets of the group amounted to approximately HKD 789.5 million as of June 30, 2024, compared to HKD 492.5 million at the end of 2023, representing a growth of about 60.3%[37]. - The total equity attributable to owners of the company rose to HKD 505,837 thousand from HKD 309,938 thousand, indicating a growth of approximately 63.3%[3]. - The group’s net assets increased to approximately HKD 505.8 million as of June 30, 2024, from HKD 309.9 million at the end of 2023, reflecting a rise of about 63.2%[37]. Liabilities - The group’s liabilities totaled approximately HKD 283.7 million as of June 30, 2024, up from HKD 182.6 million at the end of 2023, marking an increase of about 55.4%[37]. Cash and Investments - The group held cash and cash equivalents of approximately HKD 194.4 million as of June 30, 2024, compared to HKD 70.4 million as of December 31, 2023, indicating a significant increase[36]. - The company invested USD 15 million (approximately HKD 117.4 million) in the YMHD fund in February 2024, increasing the total investment to USD 19.2 million (approximately HKD 150.2 million) by July 2024[41]. - The fair value of the East Asia Bank perpetual notes held by the company was approximately HKD 46.5 million as of June 30, 2024, representing 5.9% of the total assets[42]. Performance Obligations - The company has a remaining performance obligation of HKD 16,412 thousand expected to be fulfilled in the fiscal year ending December 31, 2024[8]. - The company expects to recognize amounts related to remaining performance obligations as revenue within the next 6 to 12 months, depending on contract terms[9]. Earnings Per Share - The basic and diluted earnings per share attributable to the company's owners for the six months ended June 30, 2024, is HKD 25,813, compared to HKD 4,203 for the same period in 2023, representing a significant increase[19]. - The weighted average number of ordinary shares for calculating basic and diluted earnings per share increased to 2,073,580,946 shares for the six months ended June 30, 2024, from 1,139,330,190 shares in 2023[20]. Dividends - The company did not declare an interim dividend for the period, consistent with the previous year[21]. - The group did not declare an interim dividend for the interim period, consistent with the previous year[35]. Governance and Compliance - The audit committee has reviewed the financial report and the interim results for the six months ending June 30, 2024[47]. - The company has complied with all applicable provisions of the corporate governance code during the interim period, except for the absence of the chairman at the annual general meeting[48]. - All directors have confirmed compliance with the standard code for securities transactions during the interim period[49].
大禹金融(01073) - 2024 - 中期业绩