Financial Performance - For the six months ended September 30, 2024, the group's revenue was approximately HKD 38.54 million, an increase of 12.4% compared to HKD 34.29 million for the same period in 2023[11]. - The group's net profit for the reporting period was approximately HKD 5.13 million, a decrease of 38.5% from HKD 8.34 million in the same period last year[12]. - Basic earnings per share attributable to owners of the company were HKD 0.95, down from HKD 1.49 in the same period last year[13]. - Total revenue for the period was HKD 38,535,218, representing a 12.4% increase from HKD 34,287,036 in the same period last year[23]. - The net profit for the period was HKD 5,126,150, down 38.5% from HKD 8,341,184 in the previous year[92]. - Total comprehensive income for the period amounted to HKD 8,145,580, significantly higher than HKD 503,685 in the same period last year[92]. - Employee costs rose to HKD 19,628,658, up 54.5% from HKD 12,717,055 in the previous year[92]. - The company reported a total tax expense of HKD 343,000 for the six months ended September 30, 2024, down from HKD 497,000 in the same period of 2023, a decrease of about 30.9%[118]. Revenue Breakdown - Revenue from trading system services was HKD 8.84 million, a decrease of 25.7% from HKD 11.90 million in the same period last year, accounting for 22.9% of total revenue[16]. - SaaS service revenue increased by 23.5% to HKD 12,014,090, accounting for 31.2% of total revenue[21]. - Revenue from integrated trading terminal products and system services was HKD 30,887, while revenue from licensed financial services was HKD 8,981[114]. - The company’s geographical revenue breakdown showed HKD 29,705 from Hong Kong and HKD 8,830 from China for the current period[109]. User and Client Metrics - As of September 30, 2024, the number of registered users reached 824,400, an increase of 30,707 users or 3.9% from 793,693 users a year earlier[12]. - The group provided integrated trading terminal products and system services to approximately 159 brokerage clients, with 66 Hong Kong brokerages using the front-end trading system during the reporting period[16]. Shareholder Information - As of September 30, 2024, the total number of shares issued was not specified, but the ownership structure indicates that Mr. Liu Yong holds a total of 226,001,789 shares, representing approximately 37.67% of the company[45]. - Major shareholder, Maojia Holdings Limited, holds 154,264,654 shares, representing 25.71% of total shares[50]. - The company has a significant concentration of ownership among its directors, with multiple individuals holding over 37% of the shares[45]. Employee Costs and Compensation - Total employee benefits expenses, including directors' remuneration, amounted to HKD 19,628,658, compared to HKD 12,717,055 in the same period last year, representing a year-on-year increase of approximately 54.8%[44]. - Directors' remuneration for the six months ended September 30, 2024, amounted to HKD 1,769,000, compared to HKD 1,669,000 for the same period in 2023, reflecting an increase of approximately 6%[140]. - Share-based payments settled in equity totaled HKD 4,029,000 for the six months ended September 30, 2024, with no such payments recorded in the previous year[140]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per GEM listing rules, with a noted exception regarding the roles of the chairman and CEO[81]. - The board of directors confirmed compliance with the company's securities trading code during the reporting period[80]. - The company has received confirmation from controlling shareholders regarding compliance with non-competition agreements during the reporting period[86]. Future Outlook and Strategy - The group plans to continue upgrading products and services while actively exploring new business opportunities despite a challenging market environment[15]. - The company plans to adapt to market changes and enhance competitiveness while controlling risks[37]. - The company remains cautiously optimistic about future market conditions and IPO activities in Hong Kong[33]. Cash Flow and Financial Position - Operating cash inflow for the six months ended September 30, 2024, was HKD 11,231,503, a significant increase from HKD 874,104 in the same period last year[99]. - The company reported a total net cash decrease of HKD 6,049,408, compared to a decrease of HKD 20,167,342 in the same period last year[99]. - The cash and cash equivalents at the end of the period were HKD 105,698,776, down from HKD 106,517,464 a year earlier[99]. Share Incentive Plans - The company has adopted a pre-IPO share incentive plan to reward contributors to business growth[59]. - The stock option plan aims to attract and retain top-performing employees and provide additional incentives[60]. - The expected volatility used in the share option valuation model is 110.4% based on the company's historical stock price over the past five years[64]. Significant Events and Changes - The company has not reported any significant events affecting the group since September 30, 2024[88]. - No significant acquisitions or investments were made during the reporting period[41][42].
捷利交易宝(08017) - 2025 - 中期财报