Financial Performance - Total revenue increased by 38.4% to HKD 142.38 million, compared to HKD 102.86 million in the previous period[12] - Gross profit surged to HKD 32.72 million, up from HKD 1.65 million in the same period last year[12] - Net profit for the period was HKD 3.79 million, a significant improvement from a net loss of HKD 20.72 million in the previous period[12] - Revenue for the six months ended December 31, 2024, was HKD 142,376,000, representing a 38.4% increase from HKD 102,855,000 in the same period of 2023[54] - Operating profit turned positive at HKD 5,103,000 compared to an operating loss of HKD 19,852,000 in the previous year[54] - Basic and diluted earnings per share improved to HKD 0.68 from a loss of HKD 3.86 per share in the prior year[55] - The company reported a pre-tax profit of HKD 3,795,000 for the six months ended December 31, 2024, compared to a loss of HKD 20,724,000 in the same period of 2023[74] - The adjusted profit before tax for the six months ended December 31, 2024, was HKD 4,588,000, a significant improvement from a loss of HKD 20,722,000 in the same period of the previous year[85] Revenue Segmentation - The technology-driven investment management services generated revenue of HKD 35.16 million, becoming the most profitable segment of the group[13] - The commodity trading segment reported revenue of HKD 107.22 million, an increase from HKD 75.41 million in the previous period, but still recorded a loss of HKD 5.13 million[14] - Revenue from commodity trading was HKD 107,215,000, up from HKD 75,411,000, representing an increase of 42.2% year-over-year[67] - Revenue from mainland China increased to HKD 107,215,000, up 40.9% from HKD 76,060,000 in the previous year[91] - Revenue from Singapore rose to HKD 35,161,000, representing a 31.2% increase from HKD 26,795,000[91] Financial Position - Cash and bank balances stood at HKD 47.83 million, maintaining a stable liquidity position[24] - Total assets amounted to HKD 785.19 million, down from HKD 798.09 million as of June 30, 2024[24] - Total liabilities decreased from HKD 104.65 million to HKD 88.45 million, reflecting improved financial stability[24] - Total assets as of December 31, 2024, were HKD 785,185,000, with classified assets amounting to HKD 698,956,000[87] - The company reported a total liability of HKD 88,445,000 as of December 31, 2024, with classified liabilities at HKD 45,240,000[87] Cash Flow and Liquidity - Cash generated from operating activities was HKD 8,143,000, a significant turnaround from cash used of HKD 26,812,000 in the previous year[59] - The company reported a net increase in cash and cash equivalents of HKD 151,000, compared to a decrease of HKD 33,513,000 in the same period last year[59] - Cash and cash equivalents stood at HKD 47,834,000 as of December 31, 2024[87] - Trade payables totaled HKD 12,493,000 as of December 31, 2024, down from HKD 19,552,000 as of June 30, 2024, indicating a decrease of approximately 36.0%[79] Strategic Plans and Outlook - The company plans to enhance its AI-driven investment management capabilities and expand its global market reach[26] - Management maintains a cautiously optimistic outlook for the next six months, focusing on sustainable growth and maximizing shareholder value[26] - The company plans to enhance its presence in Asia and seeks to expand into the US and Europe, targeting institutional investors and hedge funds[29] - The company is implementing stricter compliance frameworks to meet international regulatory standards for AI-based trading[29] - The company has decided to slow down the development of its lending business to better manage recoverability risks, with unutilized proceeds expected to be used by June 30, 2025[32] Share Capital and Corporate Governance - As of December 31, 2024, the company's issued share capital is HKD 5,582,451, divided into 558,245,104 shares at a par value of HKD 0.01 each[27] - The company has entered into a subscription agreement to issue up to 110,000,000 shares at HKD 2.75 per share, with no shares issued as of the report date[27] - Neo Tech Inc. holds 390,821,084 shares, representing 70.01% of the company's total issued shares[43] - The company has adopted a new share option scheme effective from June 21, 2024, replacing the previous scheme[45] - The company has complied with the corporate governance code, except for the absence of a chairman, with responsibilities assumed by the executive committee[50] Employment and Human Resources - The company has a total of 22 employees as of December 31, 2024, down from 35 employees on June 30, 2024[38] Compliance and Regulatory Matters - The company has applied new accounting standards that did not significantly impact the financial position or performance for the current and prior periods[65] - The audit committee was established on October 30, 2007, and is responsible for reviewing financial statements and internal control procedures[53] - The company continues to operate under the going concern basis, with sufficient resources for the foreseeable future[64] Events and Commitments - The company reported no significant capital commitments as of December 31, 2024[100] - No significant events affecting the company occurred after the reporting period ending December 31, 2024[104]
INTL GENIUS(00033) - 2025 - 中期财报