Financial Performance - Revenue for the year ended September 30, 2024, was HKD 85,493,000, an increase from HKD 77,886,000 in the previous year, representing a growth of approximately 9.3%[8] - The company reported a net loss of HKD 15,935,000 from other income and losses, compared to a gain of HKD 22,936,000 in the previous year[8] - The total comprehensive loss attributable to owners of the company from continuing operations was HKD 73,064,000, compared to a loss of HKD 18,110,000 in the previous year[12] - The company reported a pre-tax loss of HKD 12,907,000 for the year ended September 30, 2024, compared to a loss of HKD 1,082,000 in the previous year[38][70] - The company incurred employee costs totaling HKD 62,445,000 for the year ended September 30, 2024, down from HKD 88,017,000 in the previous year, a reduction of about 29%[57] - The company reported a loss from discontinued operations of HKD 4,092,000 for the year ended September 30, 2024, compared to a loss of HKD 1,811,000 in the previous year[71][72] - The basic loss per share for the year ended September 30, 2024, was HKD (72,993,000) compared to HKD (17,026,000) for the previous year, indicating a significant increase in losses[85] Revenue Breakdown - Revenue from licensed business in Hong Kong was HKD 71,375,000 for the year ended September 30, 2024, up from HKD 69,321,000 in the previous year, indicating a growth of about 3%[41] - Revenue from non-licensed business was HKD 61,380,000 for the year ended September 30, 2024, a slight decrease from HKD 62,517,000 in the previous year, reflecting a decline of approximately 1.8%[46] - The corporate finance advisory business accounted for approximately 10.5% of the total revenue from continuing operations for the year ending September 30, 2024[128] - The placement and underwriting services contributed about 17.7% to the total revenue from continuing operations for the same period[128] - Business consulting services represented approximately 40.5% of the total revenue from continuing operations for the year[130] - The accounting and tax services accounted for about 18.3% of the total revenue from continuing operations[130] Expenses and Losses - Administrative and other operating expenses decreased to HKD 96,963,000 from HKD 112,950,000, reflecting a reduction of about 14.1%[8] - The impairment loss on goodwill was HKD 37,943,000, which was not present in the previous year[8] - Interest expenses on bank loans for continuing operations were HKD 691,000 for the year ended September 30, 2024, compared to HKD 641,000 in the previous year, an increase of approximately 7.8%[53] - The company reported total other income and losses of HKD (19,587,000) for the year ended September 30, 2024, compared to HKD 23,228,000 in the previous year, indicating a significant decrease in other income[50] Assets and Equity - The company's net assets decreased to HKD 132,180,000 from HKD 198,226,000, indicating a decline of approximately 33.3%[21] - The company's equity attributable to owners increased to HKD 132,180,000 from HKD 199,229,000, reflecting a decrease of about 33.7%[21] - Trade receivables, net of loss provisions, decreased to HKD 13,856,000 in 2024 from HKD 32,436,000 in 2023[99] - The company’s investment in non-listed investment funds decreased to HKD 23,471,000 in 2024 from HKD 31,600,000 in 2023[95] Share and Capital Management - The company issued 38,640,000 shares, representing approximately 4.33% of the expanded issued share capital, to acquire 18,000,000 shares of RC365[117] - The company completed a share consolidation on January 5, 2024, merging every 25 shares of HKD 0.01 into one share of HKD 0.25[118] - The company issued 50,144,000 shares at HKD 0.83 per share to settle outstanding liabilities related to the acquisition of Earning Joy Group[120] - The company plans to issue and allocate a total of 7,136,000 new shares at a subscription price of HKD 1.40 per share, raising approximately HKD 10,000,000 for general working capital[134] - The company aims to raise up to approximately HKD 32,100,000 through the issuance of up to 128,452,080 rights shares at a subscription price of HKD 0.250 per share[143] Strategic Initiatives - The company has agreed to sell its 100% stake in ESGrowth Limited and 70% stake in Hong Kong Sustainability Strategic Advisory Limited for HKD 1, completing the transaction on September 30, 2024[140] - The company has entered into a subscription agreement for convertible bonds with a total principal amount of HKD 5,670,000, with an initial conversion price of HKD 0.315 per share[145] - The company plans to invest approximately USD 5,000,000 in Chromatic Media Ltd. to establish a wholly-owned subsidiary in a gaming-friendly jurisdiction[148] - The company is in discussions for a potential strategic collaboration with Chromatic Media Ltd. following legal due diligence[148] Governance and Compliance - The company has complied with the corporate governance code throughout the year[191] - The audit committee, composed of three independent non-executive directors, oversees the financial reporting and risk management processes[192] - There were no purchases, sales, or redemptions of any listed securities by the company or its subsidiaries during the year[189]
亦辰集团(08365) - 2024 - 年度业绩