Financial Performance - Total revenue for the six months ended December 31, 2024, was HKD 22,663,000, a decrease of 1.54% compared to HKD 23,017,000 for the same period in 2023[14]. - The company reported a net loss of HKD 25,187,000 for the six months ended December 31, 2024, compared to a net loss of HKD 30,134,000 in the previous year, representing a 16.4% improvement[14]. - The total comprehensive loss for the period was HKD 46,996,000, compared to HKD 31,983,000 in the previous year, indicating an increase in comprehensive loss[16]. - The company reported a pre-tax loss of HKD 25,199,000 for the six months ended December 31, 2024, compared to a loss of HKD 30,302,000 in the same period last year, indicating an improvement of approximately 16.4%[24]. - The company reported a net loss of HKD 25,199 million for the six months ended December 31, 2024, compared to a net loss of HKD 30,302 million for the same period in 2023[42][44]. Revenue Sources - The company’s dividend income increased to HKD 3,804,000, up 31.3% from HKD 2,895,000 in the prior year[14]. - Commission and fee income from brokerage services decreased to HKD 2,918,000 from HKD 3,620,000, reflecting a decline of about 19.4% year-over-year[36]. - The brokerage and lending segment revenue was HKD 6,297 million for the six months ended December 31, 2024, while capital markets and asset management contributed HKD 872 million and HKD 1,287 million, respectively[42]. - The self-investment segment generated total revenue of HKD 6 million in the first half of fiscal year 2025, an increase from HKD 4 million in the same period of fiscal year 2024[96]. Expenses and Losses - The company experienced a significant reduction in net losses from financial assets and liabilities, reporting a loss of HKD 6,361,000 compared to a loss of HKD 21,420,000 in the previous period, indicating a 70.3% improvement[14]. - The company reported a decrease in general and administrative expenses to HKD 30,588,000, down 9.1% from HKD 33,634,000 in the previous year[14]. - The company recorded a loss of HKD 6,361 million from financial assets and liabilities measured at fair value through profit or loss for the six months ended December 31, 2024[41]. - The company’s net loss on property and equipment revaluation was HKD 21,143,000 as of December 31, 2024, compared to a loss of HKD 3,793,000 in the previous year, showing a significant increase in losses[53]. Assets and Liabilities - Total assets decreased from HKD 726,920,000 as of June 30, 2024, to HKD 666,977,000 as of December 31, 2024, reflecting a decline of about 8.2%[24]. - The company's total liabilities increased from HKD 484,046,000 to HKD 584,456,000, reflecting an increase of approximately 20.7%[24]. - The company’s total equity decreased from HKD 709,557,000 to HKD 655,116,000, a decline of approximately 7.7%[20]. - The total amount due from clients increased significantly from HKD 9,797,000 in 2023 to HKD 21,501,000 in 2024, representing a substantial increase of approximately 119%[74]. Cash Flow and Financing - The company’s operating cash flow used was HKD 24,656,000, compared to HKD 2,163,000 in the previous year, indicating a substantial increase in cash outflow[24]. - The company reported a net cash outflow from financing activities of HKD 4,275,000 for the six months ended December 31, 2024, compared to a net cash outflow of HKD 1,941,000 in the same period of 2023[25]. - The company’s cash and cash equivalents decreased from HKD 108,818,000 to HKD 98,543,000, a reduction of approximately 9.5%[24]. - The company’s cash flow from operating activities was impacted by a net decrease in cash and cash equivalents of HKD 7,722,000 during the reporting period[25]. Shareholder Information - The board declared an interim dividend of HKD 0.01 per ordinary share for the six months ended December 31, 2024[108]. - As of December 31, 2024, Dr. Cai Guanshen holds a direct interest of 204,746,039 shares and a deemed interest of 218,319,857 shares, representing 56.82% of the company's issued share capital[116]. - World Developments Limited and Sunwah International Limited each hold 185,701,741 shares, accounting for 24.94% of the company's issued share capital[116]. - Sun Wah Capital Limited has a total deemed interest of 29.32%, which includes 32,618,116 shares directly held[116]. Corporate Governance - The company has adopted the corporate governance code principles and complied with the relevant provisions during the reporting period[117]. - The audit committee has reviewed the accounting principles and practices, including the interim report for the six months ending December 31, 2024[123]. - The company has confirmed compliance with the securities trading standards set out in the listing rules during the review period[122].
新华汇富金融(00188) - 2025 - 中期财报