Business Segments - The Group's principal businesses include Integrated Financial Services, investment holdings, CGI business, and entertainment business[16]. - Integrated Financial Services encompass securities brokerage, margin financing, asset management, and money lending services, with corporate finance advisory services terminated as of February 11, 2025[16]. - Imagi Brokerage has been operational since 2004 and is a significant contributor to the Group, providing services such as securities brokerage and asset management[23]. - The Group began developing film distribution license rights business under the entertainment segment starting in 2023[16]. - The management continuously reviews performance across four segments: securities brokerage and asset management, provision of finance, trading of securities, and entertainment[20]. - Imagi Brokerage is licensed for various regulated activities, including dealing in securities and asset management under the Securities and Futures Ordinance[23]. - Supreme China is also a licensed corporation authorized to conduct regulated activities in securities dealing[24]. - The Group aims to advance and expand its core business of Integrated Financial Services[16]. Financial Performance - The report covers the unaudited interim results for the six months ended June 30, 2025[15]. - Securities brokerage and asset management segment revenue decreased to approximately HK$4.9 million from HK$18.7 million in the previous period, while segment results increased slightly to HK$6.9 million from HK$6.6 million[29][32]. - Asset management services revenue declined significantly from approximately HK$1.1 million to HK$0.25 million, and interest income from margin clients fell from approximately HK$17 million to HK$4 million[30][33]. - The consolidated net profit attributable to shareholders for the Period under Review was approximately HK$5.4 million, a turnaround from a net loss of approximately HK$11.5 million in the Previous Period[56]. - The Group reversed impairment allowances totaling approximately HK$7.1 million, compared to HK$13.2 million in the Previous Period[56]. - Total revenue for the six months ended June 30, 2025, was HK$10,180,000, a decrease of 61.8% compared to HK$26,637,000 for the same period in 2024[149]. - Profit for the period was HK$4,428,000, compared to a loss of HK$11,276,000 in the same period last year, indicating a turnaround in performance[150]. - Total comprehensive income for the period attributable to owners of the Company was HK$97,360,000, compared to a loss of HK$117,068,000 in the same period last year, representing a significant turnaround[154]. Investments - The fair value of listed securities classified as held-for-trading investments was approximately HK$23 million, with unrealized gains of approximately HK$5.7 million recorded during the period[41][44]. - Long-term equity investments totaled approximately HK$412 million, with recognized gains of approximately HK$101.7 million for fair value changes during the period[46][48]. - Significant investments included Zaotos Capital Limited valued at approximately HK$198.2 million (22.26% of total assets) and Oshidori International Holdings Limited valued at approximately HK$73.7 million (8.28% of total assets) as of June 30, 2025[47][49]. - The fair value of unlisted equity securities is HK$198,215,000 as of June 30, 2025, compared to HK$105,147,000 as of December 31, 2024, reflecting a significant increase[189]. - The investment in equity instruments designated at FVTOCI increased to HK$411,978,000 from HK$295,751,000, representing an increase of approximately 39.4%[156]. Cash Flow and Liquidity - As of 30 June 2025, the Group's bank balances totaled approximately HK$60 million, up from approximately HK$22 million as of 31 December 2024[57]. - The current ratio as of 30 June 2025 was approximately 4.8 times, down from approximately 26 times as of 31 December 2024[57]. - Cash and cash equivalents at the end of the period increased to HK$60,306,000 from HK$18,358,000 at the beginning of the period[163]. - The company generated HK$50,174,000 from operations, significantly higher than HK$23,285,000 in the previous year[162]. Employee and Operational Metrics - The total staff cost for Directors and employees for the Period under Review amounted to approximately HK$7.9 million, a decrease from approximately HK$8.6 million in 2024[84]. - The Group employed 35 employees as of June 30, 2025, down from 39 employees in 2024[84]. Strategic Focus and Future Outlook - The Group's commitment to enhancing its entertainment business reflects its strategic focus on market expansion[16]. - The Company aims to strengthen its Integrated Financial Services businesses, which include securities brokerage, futures trading, margin financing, and asset management services[74]. - The Company plans to actively seek suitable opportunities to expand its core business of Integrated Financial Services, focusing on personalized services for high-net-worth individuals and corporations[75]. - The Company is prepared to adjust its strategies based on market dynamics, including relaxing risk-averse lending practices to capitalize on growth potential in the Hong Kong capital market[78]. - The Group plans to increase its investment in film distribution, particularly focusing on local movies, and is witnessing significant growth in local concerts due to more concert venues opening[80]. Shareholder Information - The total number of issued shares was 829,921,572, with a market value of approximately HK$357 million as of 30 June 2025[63]. - The unaudited consolidated net asset value per share attributable to shareholders was approximately HK$0.79 as of 30 June 2025, compared to approximately HK$0.67 as of 31 December 2024[64]. - The Group did not hold any significant investments in any investee company with a value of 5% or above of the Group's total assets as of 30 June 2025[65]. - As of 30 June 2025, Mr. Kitchell Osman Bin holds 975,000 shares, representing approximately 0.12% of the company's issued share capital[104]. - As of 30 June 2025, Ms. Choi Ka Wing holds 600,000 shares, representing approximately 0.07% of the company's issued share capital[104]. Accounting and Reporting - The condensed consolidated financial statements for the six months ended June 30, 2025, are prepared in accordance with the Hong Kong Listing Rules and HKAS 34, reflecting the same accounting policies as the 2024 annual financial statements[168]. - The Group has applied the Amendments to HKAS 21 "Lack of Exchangeability" for the first time, effective from January 1, 2025, with no material impact on the Group's financial position and performance[172][173]. - The accounting policies and methods of computation remain consistent with those presented in the previous year's consolidated financial statements, except for expected changes in accounting policies[171]. - The Group's financial assets are measured at fair value at the end of each reporting period, with valuation techniques and inputs detailed in accompanying notes[185].
意力国际(00585) - 2025 - 中期财报