Financial Performance - The total revenue for the six months ended September 30, 2024, was HKD 8,576,000, a significant decrease from HKD 63,607,000 for the same period in 2023, reflecting a decline of approximately 86.5%[148] - The company reported a loss before tax of HKD 17,634,000 for the six months ended September 30, 2024, compared to a profit of HKD 11,660,000 for the same period in 2023[148] - The company reported a net loss of HKD 17,648,000 for the six months ended September 30, 2024, compared to a profit of HKD 10,938,000 for the same period in 2023[148] - The company incurred employee costs of HKD 16,950,000 for the six months ended September 30, 2024, down from HKD 29,695,000 in the same period of 2023, indicating a reduction of approximately 43%[148] - The company recorded a loss attributable to owners of approximately HKD 17.5 million for the period, compared to a profit of approximately HKD 11.0 million in 2023, primarily due to a decrease in revenue[185] Investment and Assets - The total assets and liabilities of investments as of September 30, 2024, were approximately HKD 15,315,000 and HKD 1,384,000, respectively, down from HKD 21,346,000 and HKD 4,420,000 as of March 31, 2024[6] - The group's investment in Lohas Holdings included an unconverted convertible bond principal of USD 150,000 (approximately HKD 1,170,000) as of the acquisition date[12] - The fair value of convertible bonds as of September 30, 2024, was HKD 1,336,000, an increase from HKD 698,000 as of March 31, 2024[141] - The net asset value of funds under management and/or investment advisory as of September 30, 2024, was approximately USD 5.7 million (about HKD 44.7 million), up from USD 4.5 million (about HKD 34.7 million) as of March 31, 2024[161] - The net asset value per share of the Lego Vision Fund decreased from approximately USD 75.3 (about HKD 587.5) to approximately USD 62.0 (about HKD 483.6), reflecting an overall negative return of approximately 17.7%[194] Share Options and Capital - The company's issued and paid-up share capital as of September 30, 2024, was HKD 4,060,000, with 405,962,965 shares issued[23] - The company has established a pre-IPO share option plan, granting 33,041,054 options at an exercise price of HKD 0.60 per share[24] - The total number of options available for exercise as of September 30, 2024, is 8,080,540, with a weighted average exercise price of HKD 0.60[48] - The company has not recognized any expenses related to the granted options for the six months ending September 30, 2024[38] - The company adopted the 2024 Share Option Scheme on August 13, 2024, allowing for the issuance of up to 40,596,296 shares, representing 10% of the total issued shares as of the adoption date[88] Corporate Finance and Advisory Services - The company's revenue from corporate finance advisory services accounted for approximately 131.9% of total revenue, compared to 77.4% in 2023[160] - The group participated in a total of 70 corporate finance advisory projects during the period, compared to 67 projects in the same period last year[166] - Revenue from financial and independent advisory services was approximately HKD 11.1 million, down from HKD 43.3 million in the previous year, with 49 financial advisory projects and 17 independent advisory projects completed[169] - The group’s corporate finance advisory service revenue decreased by approximately 77.0% to about HKD 49.2 million for the six months ended September 30, 2023[166] - The company completed one underwriting and placement project during the reporting period[161] Financial Position and Liabilities - The group's undrawn credit facilities amounted to approximately HKD 17,524,000, down from HKD 19,629,000 as of March 31, 2024[1] - Bank loans due within one year amounted to HKD 5,564,000 as of September 30, 2024, significantly down from HKD 24,639,000 as of March 31, 2024[14] - The total outstanding balance of margin loans was approximately HKD 60.5 million as of September 30, 2024, down from HKD 85.4 million as of March 31, 2024[171] - The total financial liabilities measured at amortized cost amount to HKD 72,149,000, with accounts payable of HKD 47,485,000[91] - The company has no significant capital commitments or contingent liabilities as of September 30, 2024[192] Market and Economic Conditions - The Hang Seng Index increased by approximately 27.8% from 16,541.42 points on March 28, 2024, to 21,133.68 points on September 30, 2024[164] - The average daily trading volume on the main board exceeded HKD 100 billion during the six-month period, with trading volume on September 30, 2024, exceeding HKD 500 billion[164] - The group anticipates gradual recovery in the Hong Kong economy and financial markets, although uncertainties remain due to various global factors[198] - The company aims to expand its marketing efforts to explore new business opportunities not only in Hong Kong and China but also in Southeast Asia, Oceania, Europe, and the Americas[199] - The company adopted prudent risk management and cost control measures in response to a challenging business environment[164]
LFG投资控股(03938) - 2025 - 中期财报