紫荆国际金融(08340) - 2025 - 中期业绩

Company Overview and Financial Summary Company Information and GEM Characteristics Zijing International Financial Holdings Limited (8340) is a Cayman Islands-registered GEM-listed company for SMEs, facing high investment risk - Company Name: Zijing International Financial Holdings Limited[1] - Stock Code: 8340[1] - Place of Incorporation: Cayman Islands[1] - Listing Venue: GEM of The Stock Exchange of Hong Kong, a market for small and medium-sized companies with higher investment risk, greater market volatility, and no guarantee of high liquidity[2] Financial Performance Summary For H1 2025, the Group's revenue grew to HK$40.87 million, achieving HK$5.82 million profit, reversing last year's loss Key Financial Summary for the six months ended June 30 | Metric | 2025 H1 (HK$'000) | 2024 H1 (HK$'000) | | :--- | :--- | :--- | | Revenue | 40,870 | 20,791 | | Profit/(Loss) attributable to owners of the Company | 5,815 | (2,749) | | Dividends | Not proposed | Nil | Condensed Consolidated Financial Statements Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For H1 2025, revenue grew 96.58% to HK$40.87 million, operating profit turned to HK$6.696 million, with basic EPS of 10.5 HK cents Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Metric | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Revenue | 40,870 | 20,791 | | Cost of revenue | (25,545) | (13,081) | | Operating expenses | (8,629) | (9,472) | | Operating profit/(loss) | 6,696 | (1,762) | | Financial costs | (281) | (987) | | Profit/(loss) before tax | 6,415 | (2,749) | | Income tax expense | (600) | — | | Profit/(loss) for the period and attributable to owners of the Company | 5,815 | (2,749) | | Earnings/(loss) per share (HK cents) | 10.5 | (30.7) | Condensed Consolidated Statement of Financial Position As at June 30, 2025, net assets increased to HK$83.692 million, net current assets rose to HK$64.568 million, driven by receivables and cash Condensed Consolidated Statement of Financial Position (As at June 30) | Metric | June 30, 2025 (HK$'000) | December 31, 2024 (HK$'000) | | :--- | :--- | :--- | | Non-current assets | 20,016 | 49,234 | | Current assets | 70,581 | 43,467 | | Current liabilities | 6,013 | 16,763 | | Net current assets | 64,568 | 26,704 | | Non-current liabilities | 892 | 1,193 | | Net assets | 83,692 | 74,745 | | Share capital | 666 | 53,760 | | Reserves | 83,026 | 20,985 | | Total equity | 83,692 | 74,745 | Condensed Consolidated Statement of Changes in Equity For H1 2025, total equity attributable to owners increased to HK$83.692 million, due to profit, share issuance, and share capital reorganisation adjustments Condensed Consolidated Statement of Changes in Equity (For the six months ended June 30) | Metric | June 30, 2025 (HK$'000) | January 1, 2024 (HK$'000) | | :--- | :--- | :--- | | Total equity at beginning of period | 74,745 | 24,579 | | Profit/(Loss) for the period | 5,815 | (2,749) | | Exchange differences on translation of foreign operations | 147 | (208) | | Issue of ordinary shares | 3,901 | — | | Share issue expenses | (916) | — | | Impact of share capital reorganisation | — | — | | Total equity at end of period | 83,692 | 21,622 | Condensed Consolidated Statement of Cash Flows For H1 2025, cash and cash equivalents increased by HK$5.861 million to HK$19.103 million, driven by investing activities Condensed Consolidated Statement of Cash Flows (For the six months ended June 30) | Metric | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Net cash used in operating activities | (10,644) | (14,838) | | Net cash generated from/(used in) investing activities | 25,117 | (9,021) | | Net cash used in/(generated from) financing activities | (8,612) | 23,463 | | Net increase/(decrease) in cash and cash equivalents | 5,861 | (396) | | Cash and cash equivalents at end of period | 19,103 | 11,268 | Notes to the Financial Statements Basis of Preparation The unaudited interim financial statements comply with HKFRS, HK GAAP, and GEM Listing Rules, prepared on a historical cost basis in HKD - Basis of Preparation: Hong Kong Financial Reporting Standards, Hong Kong Generally Accepted Accounting Principles, Hong Kong Companies Ordinance disclosure requirements, GEM Listing Rules[9] - Presentation Currency: Hong Kong Dollars (rounded to the nearest thousand)[10] - Measurement Basis: Historical cost[11] - Unaudited by auditors, but reviewed by the Company's audit committee[12] Revenue The Group's revenue primarily derives from Hong Kong financial services (corporate finance advisory, securities advisory, asset management), car rental, and online gaming businesses - Primary Revenue Sources: Financial services, car rental business, online gaming business[13] - Revenue Composition: Corporate finance advisory services, securities advisory and asset management services, car rental business, online gaming business[13] Segment Information The Group operates four segments: corporate finance advisory, securities advisory and asset management, car rental, and online gaming. Online gaming and car rental showed significant revenue and profit growth in H1 2025 Segment Revenue and Profit/(Loss) (For the six months ended June 30) | Segment | 2025 Revenue (HK$'000) | 2024 Revenue (HK$'000) | 2025 Profit/(Loss) (HK$'000) | 2024 Profit/(Loss) (HK$'000) | | :--- | :--- | :--- | :--- | :--- | | Corporate Finance Advisory Services | 2,953 | 4,092 | 1,117 | 925 | | Securities Advisory and Asset Management Services | — | 240 | (522) | (77) | | Car Rental Business | 5,357 | 1,917 | 1,894 | (411) | | Online Gaming Business | 32,560 | 14,542 | 7,026 | 560 | | Total | 40,870 | 20,791 | 9,515 | 997 | - All segment revenue is derived from external customers[15] - Segment loss excludes unallocated expenses such as central administrative costs and directors' emoluments[16] Income Tax Hong Kong profits tax is 16.5% (8.25% for first HK$2 million), Singapore 17%, China 25%. HK profits tax provision was HK$0.6 million, no provision for Singapore/China subsidiaries - Hong Kong Profits Tax Rate: 16.5% (8.25% for the first HK$2 million for certain companies)[18] - Singapore Corporate Income Tax Rate: 17%[18] - China Corporate Income Tax Rate: 25%[18] - Cayman Islands and British Virgin Islands are exempt from any income tax[19] Current Tax (For the six months ended June 30) | Tax | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Hong Kong profits tax |