Financial Performance - The company's revenue for the six months ended September 30, 2025, was HKD 16,962,000, a decrease of 36.5% compared to HKD 26,725,000 for the same period in 2024[6] - Total income, including other income, was HKD 17,249,000, down 37.0% from HKD 27,361,000 year-on-year[6] - The company reported a loss before tax of HKD 9,256,000, compared to a profit of HKD 1,044,000 in the previous year[6] - The net loss attributable to shareholders for the period was HKD 9,364,000, compared to a profit of HKD 931,000 in the same period last year[6] - Basic and diluted loss per share was HKD 1.17, compared to earnings of HKD 0.12 per share in the prior year[6] - For the six months ended September 30, 2025, the company reported commission income from futures non-settlement brokerage of HKD 16,962,000, a decrease of 36.8% compared to HKD 26,725,000 for the same period in 2024[16] - The company recorded a loss of approximately HKD 9.4 million for the six months ended September 30, 2025, compared to a profit of HKD 0.1 million for the same period in 2024[45] Cash Flow and Assets - Cash and cash equivalents decreased to HKD 55,057,000 from HKD 60,396,000 at the end of March 2025[9] - Non-current assets decreased significantly from HKD 5,955,000 to HKD 1,509,000, primarily due to impairment losses recognized[7] - Operating cash flow before working capital changes was negative at HKD 4,955,000, compared to positive cash flow of HKD 1,189,000 in the previous year[9] - The company's cash and bank balances were approximately HKD 55.1 million as of September 30, 2025, down from HKD 60.4 million as of March 31, 2025[47] - Trade receivables as of September 30, 2025, amount to HKD 6,551,000, slightly down from HKD 6,655,000 as of March 31, 2025[29] Equity and Liabilities - The company's total equity decreased to HKD 76,336,000 from HKD 85,700,000, reflecting a decline in retained earnings[7] - The total lease liabilities as of September 30, 2025, amount to approximately HKD 3,453,000, a decrease from HKD 4,043,000 as of March 31, 2025[26] - The company had no interest-bearing debt as of September 30, 2025, indicating a debt-free status[47] Operational Focus and Strategy - The company plans to focus on cost management and operational efficiency to improve financial performance in the upcoming periods[5] - The company’s operational focus remains on providing brokerage services, with all assets and major revenues sourced from Hong Kong[17] - The decrease in revenue was primarily attributed to reduced trading volumes on the Hong Kong Stock Exchange and in over-the-counter transactions[39] Employee and Expenses - Employee costs decreased from approximately HKD 17.3 million for the six months ended September 30, 2024, to approximately HKD 15.4 million for the same period in 2025, a reduction of about 11.0%[41] - Other operating expenses fell from approximately HKD 8.2 million to approximately HKD 6.5 million, a decline of about 20.7%, primarily due to decreases in settlement and error expenses[43] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the six months ending September 30, 2025[70] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025[74] - The audit committee's main responsibilities include reviewing financial information, risk management, and internal control systems[73] Share Capital and Dividends - The company’s issued share capital is HKD 8 million, consisting of 800,000,000 ordinary shares with a par value of HKD 0.01 each[50] - The board has resolved not to declare an interim dividend for the six months ended September 30, 2025[60] - The company did not declare or propose any dividends for the six months ended September 30, 2025, consistent with the previous year[22] Future Outlook - The company has no future significant investment or capital asset plans as of September 30, 2025[54] - There are no known significant matters related to the group's business or financial performance after the reporting date[53]
衍汇亚洲(08210) - 2026 - 中期业绩