Financial Performance - The company's revenue for the six months ended September 30, 2024, was HKD 89,280, with a profit before tax of HKD 31,020[8]. - The company reported a net profit attributable to shareholders of HKD 28,278, a substantial increase from HKD 2,835 in the previous year[22]. - The company's profit increased from approximately HKD 2.8 million for the six months ended September 30, 2023, to approximately HKD 28.3 million for the six months ended September 30, 2024, representing a growth of about 10.1 times[112]. - Revenue decreased from approximately HKD 140.4 million for the six months ended September 30, 2023, to approximately HKD 89.3 million for the six months ended September 30, 2024, a decline of about 36.4%[112]. - Gross profit for the same period was HKD 45,241, down 42.9% from HKD 79,252 year-on-year[175]. - Operating profit before tax increased significantly to HKD 31,020, compared to HKD 3,395 in the previous year, marking a substantial improvement[175]. - Net cash inflow from operating activities was HKD 27,609, compared to HKD 2,430 in the previous year, indicating a strong operational performance[167]. - Basic and diluted earnings per share for the period were HKD 2.46 cents, a significant increase from HKD 0.25 cents in the same period last year[177]. Revenue Segmentation - The communication services segment generated revenue of HKD 140,435, contributing a profit of HKD 41,006[18]. - The financial communications services segment generated revenue of approximately HKD 89.2 million for the six months ended September 30, 2024, down approximately 36.5% from HKD 140.4 million for the same period in 2023[112]. - The profit for the financial communications services segment was approximately HKD 20.3 million for the six months ended September 30, 2024, a decrease of about 50.5% from HKD 41.0 million for the same period in 2023[112]. - The international roadshow services segment recorded revenue of HKD 124,000 for the six months ended September 30, 2024, compared to no revenue for the same period in 2023[113]. Assets and Liabilities - The total liabilities decreased from HKD 36,079 to HKD 23,199 over the reporting period[26]. - The total liabilities as of September 30, 2024, were HKD 60,653,000, a decrease from HKD 72,261,000 as of March 31, 2024, representing a reduction of approximately 16.0%[51]. - The total non-current assets as of September 30, 2024, were valued at HKD 62,400,000, slightly down from HKD 63,240,000 as of March 31, 2024[47]. - The total current assets increased to HKD 89,076,000 as of September 30, 2024, compared to HKD 81,468,000 as of March 31, 2024, indicating a growth of approximately 9.9%[47]. - Total assets as of September 30, 2024, amounted to HKD 1,477,303, an increase from HKD 1,457,245 as of March 31, 2024[179]. - Current assets net amount to HKD 757,151, an increase from HKD 714,848 in the previous period[179]. Cash and Interest Income - Bank deposit interest income increased significantly to HKD 20,736 compared to HKD 4,839 in the previous year[12]. - The company earned approximately HKD 20.7 million in bank interest for the six months ended September 30, 2024, an increase of about 331.3% from approximately HKD 4.8 million for the same period in 2023[115]. - Interest income from bond securities was HKD 1.4 million for the six months ended September 30, 2024, down from HKD 2.9 million for the same period in 2023[92]. - As of September 30, 2024, the company's bank balance and cash, along with fixed deposits, amounted to approximately HKD 226.7 million and HKD 549.5 million, respectively[93]. Employee Costs - Employee costs, including retirement benefit plan contributions, decreased to HKD 25,653 from HKD 31,270 year-on-year[12]. - The total employee cost for the six months ending September 30, 2024, is approximately HKD 25.7 million, covering 180 full-time employees[150]. - Salaries and allowances paid to related parties amounted to HKD 498,000 for the six months ending September 30, 2024, an increase of 32% from HKD 377,000 in the previous year[63]. Share Capital and Dividends - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[41]. - The company does not recommend the distribution of dividends for the six months ending September 30, 2024, consistent with the previous year[128]. - The company's issued and fully paid ordinary shares remained at 1,151,454,000 shares as of September 30, 2024, unchanged from March 31, 2024[37]. - As of September 30, 2024, the company has a total of 750,000,000 shares held by Sapphire Star, representing 65.14% of the issued share capital[60]. - Liu's total beneficial ownership amounts to 815,616,000 shares, which is 70.83% of the company's issued share capital[60]. Corporate Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[136]. - The company has not adopted any new accounting standards that are not yet effective as of the reporting date[15]. - The adoption of new and revised Hong Kong Financial Reporting Standards did not result in significant changes to the accounting policies and reported amounts for the group during the period and prior years[189]. - The company is registered in the Cayman Islands as an exempted limited liability company and its shares are listed on the Hong Kong Stock Exchange[186]. Future Outlook and Strategy - The company is focused on expanding its financial communication services and international roadshow coordination[14]. - The company plans to expand its client base and deepen professional services for existing long-term clients in response to the recovering IPO market in Hong Kong[97]. - The management expects an increase in large IPOs for the remainder of 2024 due to recent regulatory measures and economic stimulus plans[119]. - The anticipated use of proceeds from the recent fundraising includes creating a mobile internet professional service platform "HaoTian Cloud," with an estimated allocation of HKD 423.0 million[143]. - The company plans to utilize approximately HKD 65.5 million for potential acquisitions or joint ventures with a public relations firm in China[127]. Risk Management - The company is closely monitoring currency risks, particularly regarding the Chinese Yuan, and will consider hedging if necessary[116]. - The company has no significant foreign exchange risk due to the stability of the Hong Kong Dollar and US Dollar under the current linked exchange rate system[116]. - The company has no contingent liabilities as of September 30, 2024[96].
皓天财经集团(01260) - 2025 - 中期财报