Financial Performance - Total revenue for the year ended June 30, 2024, was HKD 51,038,000, an increase of 25.2% from HKD 40,742,000 in 2023[2] - The company reported a loss before tax of HKD 56,409,000, improved from a loss of HKD 79,181,000 in 2023[2] - Basic and diluted loss per share was HKD 7.64, compared to HKD 10.69 in the prior year, indicating a reduction in loss per share[2] - Total comprehensive loss for the year was HKD 81,550,000, a decrease from HKD 93,989,000 in 2023[2] - The company reported a net loss of HKD 20,211,000 for the year ended June 30, 2024, compared to a net loss of HKD 27,608,000 in 2023, indicating an improvement of 26.5%[25] - The company reported a pre-tax loss of HKD 56,654,000 for the year 2024, compared to a loss of HKD 78,497,000 in 2023, indicating an improvement in financial performance[38] - The group recorded a post-tax loss of HKD 57 million in the fiscal year 2024, an improvement from a post-tax loss of HKD 79 million in fiscal year 2023[47] Revenue Breakdown - Commission and fee income rose to HKD 20,702,000, up 35.5% from HKD 15,328,000 in the previous year[2] - Total revenue from customer contracts generated revenue of HKD 20,702,000 in 2024, up from HKD 15,328,000 in 2023, representing a growth of 35.5%[22] - Corporate finance income significantly increased to HKD 10,350,000 in 2024 from HKD 4,626,000 in 2023, marking a growth of 123.5%[14] - Total income from securities investment, brokerage, and financial advisory services reached HKD 51,038,000 in 2024, up from HKD 40,742,000 in 2023, reflecting a growth of 25.1%[15] - Brokerage and lending services generated revenue of HKD 9,027,000 for the year ended June 30, 2024, up from HKD 8,982,000 in the previous year, indicating a slight increase of 0.5%[24] - Revenue from other services totaled HKD 3,363,000 for the year ended June 30, 2024, compared to HKD 2,897,000 in 2023, which is an increase of 16.1%[23] - The total income from the Hong Kong market for the year ended June 30, 2024, was HKD 20,316,000, up from HKD 14,686,000 in 2023, representing a growth of 38.5%[22] Asset and Liability Management - Non-current assets totaled HKD 457,665,000, down from HKD 513,302,000 in the previous year[3] - Current assets decreased to HKD 313,325,000 from HKD 385,976,000 in 2023[3] - Total liabilities were HKD 484,046,000, a decrease from HKD 608,709,000 in the previous year[3] - The company's net assets stood at HKD 709,557,000, down from HKD 804,952,000 in 2023[3] - The total accounts receivable decreased to HKD 112,933,000 in 2024 from HKD 153,476,000 in 2023, a decline of approximately 26%[38] - The company’s accounts payable as of June 30, 2024, totaled HKD 337,219,000, down from HKD 442,967,000 in 2023, indicating a decrease of approximately 24%[43] Accounting Standards and Compliance - The group has adopted revised Hong Kong Financial Reporting Standards, which did not impact the measurement, recognition, or presentation of any items in the financial statements[5] - The amendments to Hong Kong Accounting Standard 12 reduced the scope of initial recognition exceptions, which now do not apply to transactions generating temporary differences related to taxation[6] - The group has proactively applied the amendments related to leases effective from July 1, 2022, and anticipates applying these amendments to future transactions occurring on or after July 1, 2023[6] - The amendments to Hong Kong Financial Reporting Standard 16 clarify the regulations for lessor-lessee transactions in sale and leaseback arrangements, effective from January 1, 2024[8] - The group has disclosed significant accounting policy information in Note 3 of the financial statements, in accordance with the revised standards[5] - The group has not early adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[7] - The group has not experienced any significant impact from the amendments related to international tax reform under Pillar Two, as it does not fall within the scope of these regulations[6] Operational Strategy and Future Outlook - The company plans to enhance its asset management services and expand its market presence in the coming fiscal year[26] - The group aims to improve its operational efficiency and explore potential mergers and acquisitions to drive growth[27] - The group is currently assessing the impact of the amendments to accounting standards, which are not expected to have a significant effect on the financial statements[10] - The group is evaluating whether existing loan agreements need amendments in light of the new accounting standards[10] Dividend and Shareholder Information - The company paid an interim dividend of HKD 1 per share, totaling HKD 7,445,000 in 2024, slightly up from HKD 7,396,000 in 2023[36] - The company proposed a final dividend of HKD 0.01 per ordinary share for the fiscal year ending June 30, 2024, subject to shareholder approval at the annual general meeting on November 28, 2024[60] - The final dividend, if approved, will be payable to shareholders on January 23, 2025[60] - The company will suspend share registration from November 25, 2024, to November 28, 2024, to ensure eligibility for voting at the annual general meeting[61] - The company will also suspend share registration from December 4, 2024, to December 6, 2024, to confirm eligibility for the proposed final dividend[62] Audit and Compliance - The audit committee reviewed the consolidated financial performance for the fiscal year ending June 30, 2024[63] - Ernst & Young has confirmed that the financial statements for the year ending June 30, 2024, align with the audited consolidated financial statements[64] - The company did not purchase, sell, or redeem any of its listed securities during the fiscal year ending June 30, 2024[65]
新华汇富金融(00188) - 2024 - 年度业绩