Financial Performance - For the six months ended June 30, 2025, the group recorded a revenue of approximately HKD 40.87 million, compared to HKD 20.79 million for the same period in 2024, representing an increase of 96.5%[4] - The profit attributable to the owners of the company for the six months ended June 30, 2025, was approximately HKD 5.82 million, a turnaround from a loss of HKD 2.75 million in the same period of 2024[4] - The operating profit for the six months ended June 30, 2025, was HKD 6.70 million, compared to an operating loss of HKD 1.76 million for the same period in 2024[7] - The total profit for the six months ended June 30, 2025, was HKD 6,415,000, compared to a loss of HKD 2,749,000 in the same period of 2024[15] - Basic earnings per share for the six months ended June 30, 2025, were HKD 0.105, compared to a loss per share of HKD 0.306 for the same period in 2024[20] Revenue Breakdown - The segment revenue from corporate finance advisory services decreased to HKD 2,953,000 in 2025 from HKD 4,092,000 in 2024, representing a decline of 27.8%[15] - The automotive leasing business generated revenue of HKD 5,357,000, up 179.5% from HKD 1,917,000 in the previous year[15] - The online gaming segment saw significant growth, with revenue increasing to HKD 32,560,000 from HKD 14,542,000, marking a 123.8% rise[15] - Revenue from the corporate finance advisory business was HKD 2.95 million, while the car leasing business generated HKD 5.36 million, and the online gaming business contributed HKD 32.56 million[34] Cash Flow and Assets - The net cash generated from investing activities for the six months ended June 30, 2025, was HKD 25.12 million, compared to a cash outflow of HKD 9.02 million in the same period of 2024[10] - The cash and cash equivalents at the end of June 30, 2025, amounted to HKD 19.10 million, up from HKD 13.23 million at the beginning of the period[10] - The total equity as of June 30, 2025, was HKD 83.69 million, an increase from HKD 74.75 million as of December 31, 2024[8] - The group’s current assets net value as of June 30, 2025, was HKD 64.57 million, compared to HKD 26.70 million as of December 31, 2024[8] - As of June 30, 2025, the total assets of the group were approximately HKD 90.6 million, with a net asset value of approximately HKD 83.69 million[40] Dividends and Share Structure - The group did not recommend the payment of any dividend for the six months ended June 30, 2025, consistent with the previous year[4] - The total number of ordinary shares was 66,660,000, with Mr. Li Junwei holding 8,327,400 shares, representing 12.49% of the total[49] Corporate Governance - The company has complied with the corporate governance code and report during the review period, with deviations noted in the roles of the chairman and CEO being held by the same individual due to the company's relatively small scale[54][55] - The audit committee consists of three independent non-executive directors, ensuring oversight of the financial reporting process and internal control systems[60] - The company has established a remuneration committee to review and recommend the remuneration policies for directors and senior management[58] - The company has formed a nomination committee to develop nomination policies and make recommendations regarding the appointment of directors[59] - The board of directors is composed of both executive and independent non-executive members, ensuring a balanced governance structure[63] Future Outlook and Strategy - The company is actively seeking potential investors for its open-ended fund company, expecting to generate revenue from asset management services in the second half of 2025[33] - The company plans to allocate more resources to develop its online gaming business to capitalize on the rapid growth of the global gaming market[33] - The car leasing business is anticipated to provide stable income, although revenue growth may slow due to the sale of several vehicles during the review period[33] Compliance and Internal Controls - The audit committee reviewed the financial statements for the six months ending June 30, 2025, and confirmed that they were prepared in accordance with applicable accounting standards[62] - The company has implemented a code of conduct for directors regarding securities trading, with no known violations reported during the review period[57] - The board will continue to monitor and review the development of corporate governance practices to ensure compliance[56] - The company is committed to maintaining transparency and adequate disclosure in its financial reporting[62]
紫荆国际金融(08340) - 2025 - 中期财报