Financial Performance - For the six months ended September 30, 2025, the company recorded an unaudited revenue of approximately HKD 24,800,000, representing an increase of about 9.9% compared to the same period last year[5]. - The profit attributable to the owners of the company for the same period was approximately HKD 7,600,000, a decrease primarily due to expected credit loss impairment on trade receivables[5]. - Basic and diluted earnings per share for the six months ended September 30, 2025, were approximately HKD 0.34, down from HKD 1.13 for the same period in 2024[5]. - The company reported a net profit of HKD 7,582,001 for the six months ended September 30, 2025, compared to HKD 24,786,049 for the same period in 2024, representing a decrease of approximately 69.5%[9]. - The company recorded an unaudited profit attributable to owners of approximately HKD 7,600,000 for the six months ended September 30, 2025, compared to a loss of approximately HKD 24,800,000 for the same period in 2024[66]. Dividends - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[5]. - The company does not recommend the distribution of an interim dividend for the six months ending September 30, 2025[29]. - The board did not recommend any interim dividend for the six months ended September 30, 2025[70]. Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 199,682,617, compared to HKD 193,731,059 as of March 31, 2025[7]. - Current liabilities decreased to HKD 49,070,679 as of September 30, 2025, from HKD 51,745,630 as of March 31, 2025[8]. - The company's net asset value increased to HKD 186,403,255 as of September 30, 2025, from HKD 179,006,042 as of March 31, 2025[8]. - The total assets as of September 30, 2025, amounted to HKD 236,798,861, with segment assets in securities, futures, and options brokerage at HKD 165,525,930[24]. - The total liabilities as of the same date were HKD 50,395,606, with segment liabilities in securities, futures, and options brokerage at HKD 39,180,607[24]. Cash Flow - The company experienced a net cash outflow from operating activities of HKD 4,449,755 for the six months ended September 30, 2025, compared to a cash inflow of HKD 15,489,209 in 2024[10]. - The company’s financing activities resulted in a net cash outflow of HKD 4,625,222 for the six months ended September 30, 2025, compared to an outflow of HKD 25,006,998 in 2024, indicating improved cash management[10]. - Cash and cash equivalents decreased to HKD 1,737,461 at the end of September 2025, down from HKD 11,277,168 at the beginning of the period[10]. - Cash and bank balances as of September 30, 2025, were approximately HKD 5,000,000, unchanged from March 31, 2025[67]. Credit Loss and Impairment - The company reported an expected credit loss impairment of HKD 6,364,682 for the six months ended September 30, 2025, compared to a reversal of HKD 13,630,431 in the same period last year[6]. - The expected credit loss on receivables was approximately HKD 26,551,009 for the six months ended September 30, 2025, compared to zero for the same period in 2024[61]. - The expected credit loss provision for trade receivables was HKD 4,246,619 for the six months ended September 30, 2025, down from HKD 10,870,446 as of March 31, 2025[38]. - As of September 30, 2025, the expected credit loss provision was approximately HKD 2,651,009, a significant decrease from HKD 19,186,630 as of March 31, 2025[42]. Revenue Segmentation - Total revenue from continuing operations for the six months ended September 30, 2025, was HKD 24,774,825, an increase of 10% from HKD 22,541,160 in 2024[17]. - For the six months ending September 30, 2025, the total revenue was HKD 24,774,825, with segment income from securities, futures, and options brokerage at HKD 14,895,177, and from loan financing at HKD 4,921,066[22]. - The company reported a significant increase in commission and brokerage fees from securities trading, totaling HKD 2,889,640 for the six months ended September 30, 2025, up from HKD 1,868,703 in 2024, representing a growth of approximately 54.4%[17]. - Securities and futures brokerage income increased by approximately 54.6% to about HKD 2,900,000 for the six months ended September 30, 2025, from approximately HKD 1,900,000 for the same period in 2024, with total trading volume rising by approximately 119.0% to about HKD 65,502,600,000[58]. Administrative Expenses - Administrative expenses rose to HKD 9,978,249 for the six months ended September 30, 2025, compared to HKD 8,062,726 for the same period in 2024[6]. - Administrative expenses for the six months ended September 30, 2025, were approximately HKD 10,000,000, an increase of about 23.8% from approximately HKD 8,100,000 for the same period in 2024[65]. Share Capital and Ownership - The total issued and paid-up share capital was HKD 22,000,000, with 2,200,000,000 ordinary shares issued at a par value of HKD 0.01 each[47]. - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, representing 68.18% of the total issued shares[92]. - The average number of ordinary shares issued during the period remained constant at 2,200,000,000 shares[31]. Corporate Governance - The company is committed to high standards of corporate governance and has adhered to all relevant codes during the reporting period[97]. - The audit committee has been established to review and supervise the financial reporting procedures and internal controls of the group[101]. - The committee consists of three independent non-executive directors[102]. - The unaudited condensed consolidated interim results for the six months ending September 30, 2025, have been reviewed by the committee[101]. - The committee believes that the preparation of these results complies with applicable accounting standards and legal requirements[101]. Future Plans and Strategies - The group aims to expand its brokerage and underwriting businesses by broadening its customer base and enhancing its trading platform[76]. - The group plans to continue exploring potential investment opportunities to enhance profitability[75]. - The new share option plan aims to incentivize participants and align their contributions with the group's business objectives[82].
昌利控股(08098) - 2026 - 中期财报