Financial Performance - For the six months ended September 30, 2024, the company reported total revenue of HKD 11,064,000, a decrease of 27.5% compared to HKD 15,293,000 for the same period in 2023[4]. - The company's pre-tax profit for the same period was HKD 1,464,000, down 16.2% from HKD 1,747,000 in the previous year[4]. - Basic earnings per share for the six months ended September 30, 2024, were HKD 0.15, a decrease of 11.8% from HKD 0.17 in the prior year[4]. - Total segment revenue for the six months ended September 30, 2024, was HKD 11,064,000, down from HKD 15,293,000 in the prior year, indicating a decline of about 27.5%[19][24]. - The company reported a decrease in total liabilities to HKD 357,000,000 from HKD 355,536,000, indicating a slight reduction in financial obligations[6]. - The company incurred impairment losses of HKD 4,545,000 in the current period, a decrease from HKD 8,175,000 in the previous period, reflecting a reduction of approximately 44.5%[20][25]. - Net profit for the reporting period was approximately HKD 1.5 million, a decrease of 16.2% compared to the previous period[6]. Revenue Sources - Interest income calculated using the effective interest method was HKD 2,588,000, down 44.5% from HKD 4,691,000 in the previous year[11]. - Other income increased to HKD 5,119,000, up 25.1% from HKD 4,091,000 in the same period last year[4]. - Commission income from the securities brokerage business decreased by 51.2% to approximately HKD 1.5 million for the six months ended September 30, 2024, compared to HKD 3.1 million for the same period in 2023[43]. - Interest income from customers for the six months ended September 30, 2024, was HKD 8,476,000, down from HKD 10,602,000 in the previous year, a decrease of about 20%[20][25]. - Interest income from margin financing decreased by 20.1% to approximately HKD 8.5 million, accounting for 76.6% of total revenue[1]. - Commission income from placement and underwriting services decreased by 32.6% to approximately HKD 1.1 million, representing 9.8% of total revenue[2]. - The asset management services recorded revenue of approximately HKD 2,000, with a segment loss of HKD 88,000, facing challenges in the current investment environment[3]. Assets and Liabilities - The company's total assets as of September 30, 2024, were HKD 479,830,000, a decrease from HKD 539,385,000 as of March 31, 2024[6]. - Accounts receivable increased to HKD 142,712,000 from HKD 124,078,000, reflecting a growth of 15.1%[6]. - Accounts payable to cash clients, margin clients, and Hong Kong Clearing amounted to HKD 124.894 million as of September 30, 2024, compared to HKD 186.529 million as of March 31, 2024[38]. - The company recognized an impairment loss provision of HKD 24.048 million as of September 30, 2024, compared to HKD 20.048 million as of March 31, 2024[35]. - The group maintained a zero debt ratio as of September 30, 2024, consistent with the previous reporting period[60]. Employee Costs - Employee costs for the six months ended September 30, 2024, totaled HKD 5,510,000, an increase from HKD 4,738,000 in the same period of 2023, marking an increase of about 16.3%[28]. - Employee costs for the reporting period amounted to approximately HKD 5.5 million, compared to HKD 4.7 million for the six months ended September 30, 2023[66]. Corporate Actions and Future Plans - The company did not declare or propose any dividends for the period ended September 30, 2024, consistent with the previous year[32]. - The group plans to explore new markets, particularly in the Middle East, and is establishing a new subsidiary in that region[7]. - The group anticipates more opportunities in placement and underwriting services due to the reform of the GEM listing system[8]. - The management team aims to enhance cost efficiency and profitability amid unfavorable investment conditions[9]. - The group plans to utilize the net proceeds conservatively, with a focus on long-term development, and has temporarily suspended expansion and development plans[74]. - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the reporting period[67]. Financial Reporting and Governance - The company has adopted revised Hong Kong Financial Reporting Standards effective from April 1, 2024, which did not have a significant impact on the financial statements[10]. - The interim financial statements have been reviewed by the audit committee and the company's auditors[83]. - The interim results announcement is available on the Hong Kong Stock Exchange and the company's website[84]. - The board of directors includes the chairman and non-executive director, Mr. Li Ching-Sung, along with executive directors and independent non-executive directors[85].
富石金融(02263) - 2025 - 中期业绩