Financial Performance - For the six months ended June 30, 2025, the total revenue was HKD 398,252,267, a decrease of 4.1% compared to HKD 418,874,972 for the same period in 2024[9] - Commission and fee income increased to HKD 160,282,624, up 13.5% from HKD 141,299,173 year-on-year[9] - Interest income rose significantly to HKD 117,922,649, representing a 61.9% increase from HKD 72,773,734 in the previous year[9] - Net trading and investment income decreased to HKD 120,046,994, down 41.3% from HKD 204,802,065 in the prior year[9] - The profit before tax for the period was HKD 123,250,609, an increase of 27.2% compared to HKD 96,802,222 in 2024[9] - The net profit for the period was HKD 102,931,754, up 16.0% from HKD 88,669,217 year-on-year[9] - Basic and diluted earnings per share decreased to HKD 0.0142 from HKD 0.0182 in the previous year[9] - The total comprehensive income for the period was HKD 174,106,819, an increase of 34.5% from HKD 129,333,500 in 2024[12] - The profit for the period was HKD 102,931,754, compared to HKD 88,669,217 in the previous period, reflecting a growth of approximately 16%[18][19] Assets and Liabilities - Non-current assets decreased from HKD 37,006,105 to HKD 26,837,593, a decline of approximately 27.5%[14] - Current assets increased significantly from HKD 14,768,665,732 to HKD 18,459,411,393, representing a growth of about 25.5%[14] - Total liabilities rose from HKD 10,316,187,272 to HKD 15,106,326,112, an increase of approximately 46.5%[14] - The company's net asset value increased slightly from HKD 4,236,078,453 to HKD 4,323,935,272, a growth of about 2.1%[16] - The total equity attributable to ordinary shareholders increased from HKD 3,236,078,453 to HKD 3,323,935,272, a growth of about 2.7%[16] Cash Flow - For the six months ended June 30, 2025, the net cash used in operating activities was HKD (225,780,701), compared to a net cash generated of HKD 201,072,605 in the same period of 2024[22] - The company incurred a net cash outflow from investing activities of HKD (1,804,430,772) for the six months ended June 30, 2025, compared to a net cash inflow of HKD 502,474,098 in the same period of 2024[22] - The company’s cash flow from financing activities showed a net inflow of HKD 2,225,112,457 for the six months ended June 30, 2025, compared to a net outflow of HKD (1,064,604,674) in the same period of 2024[22] Dividends - The company declared dividends amounting to HKD 40,000,000 during the period[18] - The final dividend for the year ending December 31, 2024, is HKD 0.01 per share, totaling HKD 40,000,000, approved for distribution for the six months ending June 30, 2025[47] - The company has no interim dividend declared for the six months ending June 30, 2025[48] Financial Instruments and Investments - The total financial assets measured at fair value through profit or loss as of June 30, 2025, is HKD 6,294,458,544, an increase of approximately 43.5% from HKD 4,384,118,101 as of December 31, 2024[51] - The total financial assets measured at fair value through other comprehensive income as of June 30, 2025, is HKD 5,466,977,543, up from HKD 4,941,786,306 as of December 31, 2024, indicating an increase of about 10.6%[54] - The total debt investments measured at amortized cost as of June 30, 2025, is HKD 2,296,756,482, significantly higher than HKD 775,157,315 as of December 31, 2024, marking an increase of approximately 195%[55] Risk Management - The group faces credit risk due to potential defaults by debtors or counterparties, with a risk management committee in place to monitor and update credit risk policies[132] - The group has established liquidity risk management procedures to ensure compliance with capital requirements and to manage potential liquidity risks effectively[133] - Market risk is managed through established policies and procedures, with regular reviews and adjustments to market strategies based on performance and market conditions[137] - The group has a comprehensive operational risk management framework to minimize the frequency and impact of operational risk events, supported by a structured management system[138] Shareholder Information - As of June 30, 2025, the major shareholder, 兴证（香港）金融控股有限公司, holds 2,365,291,644 shares, representing approximately 59.13% of the total shareholding[147] - 嘉实资本管理有限公司 and its controlled entities collectively hold 293,232,000 shares, accounting for 7.33% of the total shareholding[147] Corporate Governance - No directors or major shareholders have interests in any competing businesses as of June 30, 2025[153] - The company has no disclosures of interests or positions from any individuals other than directors and executives as of June 30, 2025[150] - There are no changes in the interests of directors or executives that require disclosure under the relevant regulations as of June 30, 2025[150]
兴证国际(06058) - 2025 - 中期财报