Financial Performance - The group recorded a total revenue of approximately HKD 25.6 million for the six months ended September 30, 2025, representing an increase of about 6.7% compared to approximately HKD 24.0 million in the same period last year[10]. - The group achieved a post-tax profit of approximately HKD 0.2 million for the six months ended September 30, 2025, compared to a significant loss in the previous year[10]. - The company reported a pre-tax profit of approximately HKD 0.2 million for the period, a significant improvement from a pre-tax loss of HKD 11.7 million in 2024[25]. - The company reported a net profit of HKD 210,000 for the period ending September 30, 2025, compared to a net loss of HKD 11.7 million in the same period last year[50]. - Basic and diluted earnings per share were HKD 0.14, a recovery from a loss per share of HKD 7.96 in the previous year[45]. - The company recognized a loss of HKD 11.698 million for the period, reflecting ongoing challenges in the market[50]. Revenue Breakdown - Compliance advisory revenue for the period was approximately HKD 7.1 million, down from HKD 8.8 million in the previous year, accounting for about 27.7% of total revenue[14]. - The group’s financial advisory and independent financial advisory services generated revenues of approximately HKD 10.3 million and HKD 8.2 million, respectively, together accounting for about 72.3% of total revenue[14]. - The segment profit for corporate finance consulting services was HKD 2,386,000, while the asset management services reported a loss of HKD 992,000, resulting in a total segment profit of HKD 1,394,000[60]. Cost Management - Employee benefit costs decreased from HKD 26.3 million in the first half of 2024/25 to HKD 18.9 million in the first half of 2025/26[6]. - The cost optimization plan has yielded significant results, with total employee benefit costs decreasing steadily over the periods[6]. - Depreciation and other operating expenses decreased by approximately 13.9% to HKD 6.8 million from HKD 7.9 million, attributed to reduced rental costs and stringent cost control measures[23]. - Employee benefit costs decreased by approximately 28.1% to HKD 18.9 million from HKD 26.3 million, mainly due to cost savings from an updated compensation structure[20]. Assets and Liabilities - Total assets less current liabilities amounted to HKD 68,112,000 as of September 30, 2025, down from HKD 72,534,000 as of March 31, 2025[48]. - Non-current assets decreased to HKD 13,841,000 from HKD 16,028,000 as of March 31, 2025[47]. - Current assets totaled HKD 64,160,000, slightly down from HKD 65,067,000 as of March 31, 2025[47]. - Current liabilities increased to HKD 9,889,000 from HKD 8,561,000 as of March 31, 2025[48]. - The company’s total equity was HKD 60,155,000 as of September 30, 2025, compared to HKD 62,537,000 as of March 31, 2025[48]. Cash Flow and Financing - Operating cash flow before changes in working capital was HKD 3.444 million, a significant improvement from a cash outflow of HKD 5.124 million in the previous year[51]. - The company experienced a decrease in cash and cash equivalents, with a net reduction of HKD 848,000, compared to a decrease of HKD 6.542 million in the prior year[53]. - The company’s financing activities resulted in a net cash outflow of HKD 3.107 million, compared to HKD 7.391 million in the previous year[53]. - As of September 30, 2025, the company had no bank financing or borrowings, indicating a stable capital structure[26]. Shareholder Information - The company has adopted a stock option plan in 2023 to incentivize and reward qualified employees for their contributions[114]. - Major shareholder New Baili Group Limited owns 84,938,190 shares, accounting for 57.90% of the company's total shares[111]. - The company’s governance structure includes significant shareholdings by key executives, indicating strong control over corporate decisions[108]. - The stock option plan aims to attract and retain top talent, enhancing the overall success of the business and increasing shareholder value[115]. Corporate Governance - The company has complied with the corporate governance code and maintained high standards of corporate governance practices during the reporting period[98]. - The audit committee consists of three independent non-executive directors, with Mr. Zheng Yuhua as the chairman[130]. - The external auditor, Guo Fu Hao Hua (Hong Kong) CPA Limited, reviewed the group's unaudited consolidated financial statements and found no issues regarding compliance with HKAS 34[130]. - The company's public float remains sufficient as of the last practicable date before the report's release[132].
新百利融资(08439) - 2026 - 中期财报