Revenue Performance - Revenue from corporate finance advisory services for the Interim Period was approximately HK$7.2 million, down from approximately HK$11.0 million in 2024, representing a decrease of about 34.5%[19]. - Revenue from asset management services during the Interim Period was approximately HK$10.2 million, an increase from approximately HK$8.1 million in 2024, reflecting a growth of about 25.9%[23]. - Revenue for the Interim Period was approximately HK$23.3 million, down from approximately HK$24.8 million in 2024[36]. - Revenue from securities and related services was approximately HK$5.0 million, slightly up from approximately HK$4.9 million in 2024[30]. - Revenue from money lending and related business was approximately HK$0.9 million, an increase from approximately HK$0.8 million in 2024[38]. - Total revenue for the six months ended June 30, 2025, was HK$23,289,000, a decrease of 6.2% from HK$24,832,000 in the same period of 2024[159]. - Revenue from advisory and related services decreased to HK$7,163,000 from HK$11,034,000, a decline of approximately 34.5% year-over-year[180]. - Asset management services revenue increased to HK$9,840,000, up from HK$7,722,000, representing a growth of approximately 27.5%[180]. Profitability - The Group recorded a net profit of approximately HK$14.8 million for the Interim Period, a decrease of approximately HK$11.0 million compared to HK$25.8 million in 2024[35]. - Basic earnings per share for the Interim Period was HK0.65 cent, compared to HK1.24 cents in 2024[41]. - Profit before income tax for the period was HK$15,988,000, a decline of 40.6% compared to HK$26,941,000 in the previous year[160]. - Profit attributable to the owners of the Company was HK$14,764,000, down 42.9% from HK$25,813,000 in the same period last year[160]. - The total comprehensive income for the period was HK$16,427,000, down from HK$25,813,000, indicating a decline of approximately 36.4%[164]. Financial Position - The Group had cash and cash equivalents of approximately HK$114.0 million as of June 30, 2025, compared to approximately HK$98.6 million as of December 31, 2024[44]. - Total assets as of June 30, 2025, were approximately HK$938.5 million, an increase from approximately HK$757.2 million as of December 31, 2024[47]. - The Group's total liabilities as of June 30, 2025, were approximately HK$430.7 million, up from approximately HK$255.8 million as of December 31, 2024[51]. - Total equity attributable to the owners of the Company reached HK$507,757,000, up from HK$501,356,000, indicating an increase of approximately 1.8%[163]. - As of June 30, 2025, total assets amounted to HK$938,463,000, a slight decrease from HK$938,053,000 as of December 31, 2024[161]. Operational Highlights - The Group aims to adapt to rapid changes in the market and maintain resilience in its operations[2]. - The Group's corporate finance advisory services include advising on trading resumption, takeovers, and hostile situations[18]. - The Group's asset management services were provided to SHK Hong Kong Industries Limited and two investment funds, including YMHD Fund[23]. - The corporate finance advisory business remains competitive in the first half of 2025 despite increased IPO activities and improved market valuations in Hong Kong[111]. - The asset management business is expected to provide a long-term stable income source, with ongoing efforts to seek additional fund management opportunities[111]. Shareholder Information - As of June 30, 2025, Xu Haohao holds 680,106,534 shares, representing 29.85% of the total issued shares[115]. - Beyond Global Enterprises Limited holds 677,646,534 shares, accounting for 29.74% of the total issued shares as of June 30, 2025[123]. - Victory Gain Ventures Limited has a beneficial interest in 664,076,534 shares, which is 29.14% of the total issued shares[123]. - First Steamship Company Limited holds 663,320,000 shares, representing 29.11% of the total issued shares[123]. - Cheung Kit Shan Susanna has a family interest in 227,250,000 shares, which is 9.97% of the total issued shares[123]. Governance and Compliance - The audit committee reviewed the interim condensed consolidated financial statements for the six months ended June 30, 2025[135]. - The Company complied with all applicable code provisions of the Corporate Governance Code during the Interim Period[140]. - Ms. Li Ming was appointed as a member of the nomination committee in May 2025[141]. Future Outlook - The bank expects global growth to moderate slightly to 3.1% in 2025, down from 3.2% projected in late 2024, amid ongoing trade policy uncertainty[74]. - Future strategies may include further market expansion and potential new product developments based on segment performance analysis[198].
大禹金融(01073) - 2025 - 中期财报