Financial Performance - The company reported a total revenue of HKD 217,328,000 for the six months ended September 30, 2024, compared to HKD 207,731,000 for the same period in 2023, representing an increase of approximately 7.7%[2] - The net profit for the period was HKD 50,831,000, a decrease of 49.3% from HKD 100,289,000 in the previous year[2] - The company’s total comprehensive income for the period was HKD 83,885,000, up from HKD 75,716,000 in the same period last year, indicating an increase of approximately 10.3%[3] - The company declared a dividend of HKD 48,314,000, down from HKD 96,628,000 in the previous year, reflecting a decrease of 50%[3] - The company’s basic earnings per share decreased to HKD 0.33 from HKD 0.80, reflecting a decline of 58.8%[3] - The company’s total profit attributable to equity holders for the six months ended September 30, 2024, was HKD 31,418,000, a decrease of 59.2% from HKD 77,042,000 in the same period of 2023[45] - The profit attributable to the company's owners for the same period was approximately HKD 31,400,000, a decrease from HKD 77,000,000 in the previous year, primarily due to increased impairment losses on receivables and investment properties[65] Assets and Liabilities - The company’s total assets as of September 30, 2024, were HKD 5,492,295,000, compared to HKD 5,449,218,000 as of March 31, 2024, showing a slight increase[5] - The company’s non-current assets increased to HKD 1,853,051,000 from HKD 1,782,522,000, representing a growth of approximately 3.9%[5] - The company’s current liabilities rose to HKD 383,982,000 from HKD 285,692,000, indicating an increase of approximately 34.4%[7] - The company’s total equity as of September 30, 2024, was HKD 6,957,259,000, slightly up from HKD 6,941,948,000 as of March 31, 2024[7] - Total assets as of September 30, 2024, were HKD 7,345,346,000, compared to HKD 7,231,740,000 as of March 31, 2024, indicating an increase of about 1.6%[31] - The total liabilities as of September 30, 2024, were HKD 388,087,000, compared to HKD 289,792,000 as of March 31, 2024, reflecting an increase of approximately 33.9%[31] Revenue Sources - Revenue from the Hong Kong market for the six months ended September 30, 2024, was HKD 200,910,000, up from HKD 199,845,000 in 2023, showing a growth of about 0.5%[34] - Revenue from the UK market significantly increased to HKD 16,418,000 for the six months ended September 30, 2024, compared to HKD 7,886,000 in 2023, representing a growth of approximately 108.8%[34] - The company’s segment revenue for securities was HKD 66,125,000 for the six months ended September 30, 2024, compared to HKD 66,125,000 in the previous year, indicating stability in this segment[20] Impairment and Provisions - The company reported a net impairment reversal of loans and advances of HKD 2,722,000, compared to a loss of HKD 1,720,000 in the previous year[2] - The provision for losses on loans was HKD 12,905,000 as of September 30, 2024, compared to HKD 10,183,000 as of March 31, 2024, indicating an increase of 26.7%[52] - The impairment provision for loans and advances increased to HKD 12,905,000 from HKD 10,183,000 as of March 31, 2024[57] Cash Flow and Investments - Cash and cash equivalents as of September 30, 2024, were approximately HKD 2,713,100,000, a decrease from HKD 2,770,900,000, mainly due to cash outflows from acquiring two investment properties in Hong Kong and two in London[87] - The group had no bank borrowings as of September 30, 2024, and the unutilized bank credit amounted to approximately HKD 478,000,000[87] Business Segments and Operations - The brokerage business recorded a profit of HKD 42,500,000, down from HKD 44,300,000 in the previous year, with revenue decreasing by 7.9% to approximately HKD 60,900,000[69] - Financial instruments investment segment recorded a profit of approximately HKD 17,100,000, a turnaround from a loss of HKD 21,100,000 in the previous year[80] - Property investment segment reported a loss of approximately HKD 49,200,000, primarily due to a fair value loss of approximately HKD 64,600,000 on investment properties[81] - Auction business generated a profit of approximately HKD 300,000, down from HKD 600,000 in the previous year[82] Future Outlook and Strategy - The management remains cautiously optimistic about future business development and overall performance, focusing on high-net-worth clients and quality investment properties[84] - The company plans to explore new business opportunities to create long-term value for shareholders[84] Compliance and Governance - The company maintained compliance with the corporate governance code throughout the reporting period[97]
结好控股(00064) - 2025 - 中期业绩