Financial Performance - For the six months ended September 30, 2024, the company reported total revenue of HKD 167,906,000, a slight decrease of 0.2% compared to HKD 168,244,000 in the same period last year[3]. - The company experienced a net loss from impairment of receivables amounting to HKD 59,186,000, which is an increase of 28.9% from HKD 45,905,000 in the previous year[3]. - The pre-tax profit for the period was HKD 80,054,000, down 22% from HKD 102,614,000 in the prior year[5]. - The net profit for the period was HKD 71,814,000, representing a decrease of 16.5% compared to HKD 85,957,000 in the same period last year[5]. - The company declared a dividend of HKD 75,000,000, which is a reduction of 50% from HKD 150,000,000 in the previous year[5]. - Basic and diluted earnings per share for the period were HKD 2.9 cents, down from HKD 3.4 cents in the same period last year[5]. - Profit attributable to the company's owners for the period was approximately HKD 71.8 million, down from HKD 86 million in the previous year, primarily due to a decrease in underwriting and placement commission income and an increase in impairment losses on receivables[42]. - Earnings per share decreased to HKD 0.029 from HKD 0.034 in the previous year[43]. Assets and Liabilities - Non-current assets decreased to HKD 225,323,000 from HKD 68,393,000 as of March 31, 2024[7]. - Current assets totaled HKD 4,480,774,000, a slight decrease from HKD 4,545,373,000 as of March 31, 2024[7]. - Current liabilities increased to HKD 356,911,000 from HKD 260,522,000 in the previous period[9]. - Total equity remained stable at HKD 4,339,593,000 compared to HKD 4,340,670,000 as of March 31, 2024[9]. - The total assets as of September 30, 2024, amounted to HKD 4,706,097,000, compared to HKD 4,613,766,000 as of March 31, 2024, showing an increase of about 2%[23][25]. - The total liabilities as of September 30, 2024, were HKD 366,504,000, a slight increase from HKD 273,096,000 as of March 31, 2024[25][23]. - As of September 30, 2024, the company's equity attributable to owners was approximately HKD 4,339,600,000, a decrease of about HKD 1,100,000 or 0.03% from the previous fiscal year-end[56]. - The group's net current assets were HKD 4,123,900,000, with a liquidity ratio of 12.6 times[56]. - The company had no bank borrowings as of September 30, 2024, and had an unused bank credit facility of approximately HKD 350,000,000[57]. Segment Performance - The segment performance for brokerage services showed a revenue of HKD 60,862,000 for the six months ended September 30, 2024, compared to HKD 66,125,000 in the same period of 2023, a decline of about 9.6%[21][23]. - The brokerage business recorded a profit of approximately HKD 39 million, a decrease of 4.2% from HKD 40.7 million in the previous year, due to a decline in brokerage turnover[47]. - Revenue from the brokerage segment decreased by 7.9% to approximately HKD 60.9 million, primarily including brokerage commissions of approximately HKD 8.6 million and interest from bank balances and time deposits of approximately HKD 49.6 million[47]. - The asset management segment recorded a profit of approximately HKD 300,000, consistent with the previous year[49]. - The corporate finance business completed 4 financial advisory projects during the period, generating a segment profit of approximately HKD 1,100,000, down from HKD 1,200,000 in the previous year[51]. - The investment in financial instruments segment reported a profit of approximately HKD 1,600,000, driven by an increase in the fair value of the investment portfolio, which totaled approximately HKD 19,500,000[52]. - The property investment segment incurred a loss of approximately HKD 6,800,000, primarily due to a fair value loss on investment properties, with a total acquisition cost of HKD 163,000,000 for 12 new properties in London[53]. Tax and Expenses - The company’s income tax expense for the six months ended September 30, 2024, was HKD 8,240,000, down from HKD 16,657,000 for the same period in 2023, representing a decrease of approximately 50.6%[27]. - Operating expenses increased by 5% due to higher marketing and R&D investments[18]. Market and Growth - The average daily turnover of the main board and GEM was approximately HKD 121.1 billion, an increase of 20.4% compared to approximately HKD 100.6 billion in the previous fiscal period[46]. - Market expansion efforts in Europe resulted in a 30% increase in market share[18]. - The company completed the acquisition of a smaller competitor for $500 million, expected to enhance product offerings[18]. - A new marketing strategy is projected to increase customer engagement by 40% over the next year[18]. - New product launches contributed to a 25% increase in sales in the last quarter[18]. - Management remains cautiously optimistic about future business development and overall performance, focusing on quality investment properties in Asia and Europe[54]. Other Information - The company did not declare an interim dividend for the six months ended September 30, 2024, while the final dividend for the previous year was HKD 75,000,000[29]. - The company reported overdue receivables of approximately HKD 310,000 as of September 30, 2024, down from HKD 744,000 as of March 31, 2024, with no significant impairment recognized[34]. - Securities margin financing interest income increased by 5.2% to approximately HKD 105,800,000 for the period, compared to HKD 100,600,000 in the previous year[48]. - The total receivable margin client accounts amounted to approximately HKD 2,277,000,000 as of September 30, 2024, down from HKD 2,398,800,000 as of March 31, 2024[48]. - The fair value of securities pledged as collateral for margin clients was approximately HKD 5.48 billion, down from HKD 5.90 billion as of March 31, 2024[35]. - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that are not yet effective for the current accounting period[19].
结好金融(01469) - 2025 - 中期业绩