Financial Performance - Total revenue for the six months ended August 31, 2025, was HKD 11,993,000, a significant decrease of 87.2% compared to HKD 93,704,000 for the same period in 2024[3] - The company reported a profit of HKD 18,279,000 for the current period, compared to a loss of HKD 22,889,000 in the previous year, indicating a turnaround in performance[3] - Basic and diluted earnings per share for the current period were HKD 30.47, compared to a loss per share of HKD 47.16 in the previous year[4] - For the six months ended August 31, 2025, the total revenue was HKD 11,993,000, a significant decrease from HKD 93,704,000 in the same period of 2024, representing a decline of approximately 87.2%[19] - Total revenue for the group was approximately HKD 12.0 million, a decrease of about 87.2% compared to the same period last year[67] - The group recorded a profit and total comprehensive income of approximately HKD 18.3 million, compared to a loss of approximately HKD 22.9 million in the same period last year[91] Revenue Breakdown - Revenue from corporate finance advisory services increased to HKD 4,815,000 from HKD 4,347,000, reflecting a growth of 10.8%[4] - The income from corporate finance advisory services increased to HKD 4,815,000 in 2025 from HKD 4,347,000 in 2024, reflecting a growth of about 10.8%[19] - Revenue from securities trading and brokerage services rose to HKD 2,581,000, up from HKD 1,270,000, marking a growth of 103%[4] - The commission income from securities trading and brokerage services rose to HKD 2,581,000 in 2025, compared to HKD 1,270,000 in 2024, marking an increase of approximately 103%[19] - The group’s asset management business saw revenue increase by approximately 485.4% compared to the same period last year[67] - The total revenue from securities trading and brokerage services was HKD 32,633,000 for the six months ended August 31, 2025, up from HKD 29,487,000 in 2024[38] Assets and Liabilities - Total assets as of August 31, 2025, amounted to HKD 356,553,000, compared to HKD 353,027,000 as of February 28, 2025, showing a slight increase[5] - Current assets totaled HKD 354,079,000, a marginal increase from HKD 350,483,000 as of February 28, 2025[5] - The company’s net current assets increased to HKD 202,933,000 from HKD 184,578,000, indicating improved liquidity[6] - The total equity of the company as of August 31, 2025, was HKD 205,152,000, up from HKD 186,873,000 as of February 28, 2025[6] - The company’s total liabilities included a provision for credit losses of HKD 183,000 for the six months ended August 31, 2025, compared to HKD 105,000 in 2024[38] - As of August 31, 2025, the total receivables amounted to HKD 32,647,000, an increase from HKD 29,797,000 as of February 28, 2025, representing a growth of approximately 9.3%[20] Operational Highlights - The company continues to focus on expanding its financial services, including corporate finance advisory and asset management services, to enhance revenue streams[7] - The group participated in 6 IPO sponsorship projects during the period, up from 4 projects in the same period last year, generating revenue of approximately HKD 1.5 million[72] - The group participated in 16 financial advisory projects this period, generating revenue of approximately HKD 2.5 million, down from HKD 3.0 million in the same period last year[73] - The group engaged in 7 compliance advisory projects, with revenue of about HKD 0.8 million, compared to HKD 1.0 million last year[74] - The group completed 4 placement and underwriting projects, resulting in revenue of approximately HKD 1.4 million, a significant decrease from HKD 85.7 million in the previous year[76] Employee and Operational Costs - Employee costs for the six months ended August 31, 2025, totaled HKD 11,798,000, an increase from HKD 10,837,000 in 2024, reflecting a rise in salaries and allowances[26] - Other operating expenses decreased by approximately 92.0% to about HKD 7.1 million, primarily due to the absence of bond underwriting activities this period[89] - Employee costs increased by approximately 8.9% to about HKD 11.8 million, attributed to an increase in the number of professionals compared to the same period last year[90] Strategic Initiatives - The company plans to sell equity stakes in two unlisted companies at an appropriate time, having acquired shares in these companies for a total of approximately HKD 5,855,000[44] - The group plans to enhance its core business by expanding product offerings, improving service content, and broadening its customer base[109] - The group is actively exploring strategic opportunities for business diversification to drive long-term growth[109] - The group maintains a cautiously constructive outlook on global financial markets, acknowledging emerging opportunities while being aware of ongoing risks[107] Governance and Compliance - The audit committee has reviewed the group's unaudited condensed consolidated financial statements for the period[115] - The group has complied with the corporate governance code throughout the reporting period[112] - The company has confirmed that there are no competing businesses or conflicts of interest among directors and major shareholders as of the announcement date[119] - The company will issue its interim performance announcement and report, which includes all information required by listing rules, to shareholders and publish it on the Hong Kong Stock Exchange website and its own website[133]
创升控股(02680) - 2026 - 中期业绩