Financial Performance - For the six months ended September 30, 2024, the total revenue was HK$17,934,000, an increase from HK$10,262,000 in the same period of 2023, representing a growth of approximately 74.9%[10]. - The loss before tax for the reporting period was HK$9,786,000, compared to a loss of HK$2,673,000 in the corresponding period of 2023, indicating a significant increase in losses[10]. - The total comprehensive loss for the period was HK$10,486,000, compared to HK$2,673,000 in the previous year, reflecting a year-over-year increase of approximately 292.5%[14]. - The company reported a basic loss per share of HK$0.52 for the six months ended September 30, 2024, compared to HK$0.13 in the same period of 2023[14]. - The Company reported a loss of HK$10,334 for the period, contributing to a total comprehensive loss of HK$10,486, compared to a loss of HK$2,663 in the same period of 2023[26]. Revenue Breakdown - The company reported a significant increase in commission income from securities dealing, which rose to HK$2,766,000 from HK$360,000 in the previous year, marking a growth of approximately 669.4%[10]. - Revenue from securities dealing and brokerage services was HK$2,766,000 for the six months ended September 30, 2024, compared to HK$360,000 in 2023, marking a significant increase of 669.4%[49]. - Revenue from placing and underwriting services reached HK$5,814,000, up from HK$345,000 in the previous year, indicating a growth of 1,584.1%[49]. - Revenue from contracts with customers was HK$10,229,000 for the six months ended September 30, 2024, compared to HK$1,097,000 in 2023, showing a growth of 831.5%[49]. - The company reported handling income of HK$846,000 for the six months ended September 30, 2024, compared to HK$212,000 in 2023, an increase of 299.1%[52]. Assets and Liabilities - As of September 30, 2024, total current assets amounted to HK$254,173,000, an increase from HK$217,700,000 as of March 31, 2024, representing a growth of approximately 16.7%[17]. - Total current liabilities increased to HK$110,080, up from HK$70,436 as of March 31, 2024, representing a 56.4% increase[21]. - Total equity attributable to owners of the Company decreased to HK$147,643 as of September 30, 2024, down from HK$152,707 as of March 31, 2024, a decline of 3.3%[25]. - Net current assets decreased slightly to HK$144,093 as of September 30, 2024, from HK$147,264 as of March 31, 2024, a decrease of 2.9%[21]. - The Company issued new ordinary shares resulting in a share capital increase to HK$23,800 as of September 30, 2024, from HK$20,000 as of March 31, 2024[25]. Cash Flow and Expenses - Net cash used in operating activities improved to HK$11,395 for the six months ended September 30, 2024, compared to HK$20,469 in the same period of 2023, a reduction of 44.4%[30]. - Cash and cash equivalents at the end of the period increased to HK$20,455, compared to HK$14,423 at the end of September 30, 2023, marking a 42.3% increase[30]. - Total expenses for the six months ended September 30, 2024, amounted to HK$6,754,000, an increase of 83.5% from HK$3,686,000 in 2023[60]. - The Group's other operating expenses totaled approximately HK$6,754,000, up from approximately HK$3,686,000 for the corresponding period[180]. Operational Developments - The company is focusing on expanding its service offerings, including advisory and restructuring services, which generated HK$160,000 in revenue during the reporting period[10]. - The Group provides eight types of services, including securities dealing, placing and underwriting, financing, asset management, supply chain financing, trust services, advisory services, and other services[43]. - The Group launched a new trading system and smartphone applications on February 26, 2024, aimed at enhancing user experience and reducing operational costs[144]. - The Group has obtained a trust license in Hong Kong in February 2024 and launched its trust business, completing the first phase of the online service platform in September 2024[168]. Client and Market Engagement - The Company plans to expand its placing and underwriting business by broadening its client base to include non-listed companies and high net worth individuals[150]. - The Group is committed to enhancing its infrastructure support and expanding its geographical footprint across the APAC region[163]. - The Group is actively expanding its supply chain financing business model to potentially include other consumable products such as red wines and watches[165]. - The Group expects a substantial increase in online transactions and brokerage income due to improvements in systems and client engagement strategies[144]. Financial Position and Ratios - The current ratio was approximately 2.3 times as of September 30, 2024, down from approximately 3.1 times as of March 31, 2024[185]. - The Group's gearing ratio was 17.8% as of September 30, 2024, slightly down from 18.4% as of March 31, 2024[190]. - Outstanding bank borrowings amounted to approximately HK$17,920,000 as of September 30, 2024, compared to HK$0 in the corresponding period[185]. Shareholder and Equity Information - The Group completed a placing of 380,000,000 new shares on September 17, 2024, at a price of HK$0.014 per share[123]. - The net proceeds from the placing of shares were approximately HK$5,270,000, fully utilized for general working capital by September 30, 2024[198]. - The Group's share capital increased to HK$23,800,000 as of September 30, 2024, from HK$20,000,000 as of March 31, 2024[122].
高裕金融(08221) - 2025 - 中期财报