Financial Performance - Total revenue for the six months ended September 30, 2025, was HKD 16,962,000, a decrease of 36.9% compared to HKD 26,725,000 for the same period in 2024[11] - Other income for the same period was HKD 287,000, down from HKD 636,000, reflecting a decline of 54.8%[11] - The total comprehensive loss attributable to owners of the company for the period was HKD 9,364,000, compared to a profit of HKD 931,000 in the previous year[11] - The company reported a loss before tax of HKD 9,256,000, a significant decline from a profit of HKD 1,044,000 in the prior year[11] - The company reported a net loss of HKD 9,364 thousand for the six months ended September 30, 2025, compared to a profit of HKD 931 thousand for the same period in 2024[13] - Revenue from commission income as a futures non-clearing broker was HKD 16,962 thousand for the six months ended September 30, 2025, down 36.9% from HKD 26,725 thousand in 2024[20] - Revenue for the six months ended September 30, 2025, decreased to approximately HKD 17.0 million, a decline of about 36.3% compared to HKD 26.7 million for the same period in 2024[42] - The group 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, primarily due to a decrease in revenue and an increase in impairment losses[50] Expenses and Costs - Employee costs decreased to HKD 15,398,000 from HKD 17,331,000, representing a reduction of 11.2%[11] - Financing costs increased to HKD 115,000 from HKD 53,000, indicating a rise of 117%[11] - Other operating expenses decreased from approximately HKD 8.2 million for the six months ended September 30, 2024, to approximately HKD 6.5 million for the six months ended September 30, 2025, a decline of about 20.7%[48] - The total remuneration for key management personnel for the six months ended September 30, 2025, was HKD 6.5 million, down from HKD 9.8 million for the same period in 2024[40] Assets and Liabilities - As of September 30, 2025, the company's total assets amounted to HKD 81,964 thousand, a decrease from HKD 93,100 thousand as of March 31, 2025[12] - The company's total equity decreased to HKD 76,336 thousand as of September 30, 2025, from HKD 85,700 thousand as of March 31, 2025[12] - Non-current assets totaled HKD 1,509 thousand as of September 30, 2025, down from HKD 5,955 thousand as of March 31, 2025[12] - The company's current liabilities were HKD 4,537 thousand as of September 30, 2025, slightly down from HKD 4,554 thousand as of March 31, 2025[12] - The company’s retained earnings decreased to HKD 20,624 thousand as of September 30, 2025, from HKD 29,988 thousand as of April 1, 2025[13] - Trade receivables as of September 30, 2025, were HKD 6,551,000, slightly down from HKD 6,655,000 as of March 31, 2025[32] Impairment and Provisions - Impairment losses recognized on right-of-use assets amounted to HKD 3,246,000, with no such losses reported in the previous year[11] - The group recognized impairment losses of HKD 500,000 on property and equipment and HKD 3,246,000 on right-of-use assets during the six months ended September 30, 2025[28] - The expected credit loss provision for trade receivables as of September 30, 2025, was HKD 6,000, a decrease from HKD 7,000 as of March 31, 2025[36] - The weighted average expected loss rate for overdue receivables over 90 days increased to 0.45% as of September 30, 2025, compared to 0.66% as of March 31, 2025[35] Cash Flow - Operating cash flow for the six months ended September 30, 2025, was a net outflow of HKD 4,815 thousand, compared to an inflow of HKD 2,661 thousand in 2024[14] - Cash and cash equivalents decreased to HKD 55,057 thousand from HKD 60,396 thousand during the same period[14] - Cash and bank balances amounted to approximately HKD 55.1 million as of September 30, 2025, compared to HKD 60.4 million as of March 31, 2025[51] Shareholder Information - As of September 30, 2025, Oasis Green Ventures Limited and its controlling entities hold approximately 34.75% of the company's ordinary shares, totaling 278,000,000 shares[69] - The total shareholding of major shareholders, including spouse interests, amounts to 294,000,000 shares, representing 36.75% of the company's equity[69] - Jolly Ocean Global Limited, controlled by Shengtu Global Investment Limited, holds 96,000,000 shares, accounting for 12.00% of the company's equity[69] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the six months ending September 30, 2025[75] - All directors confirmed compliance with the trading standards set forth in GEM Listing Rules during the reporting period[76] - The audit committee was established on July 30, 2018, in accordance with GEM Listing Rules, consisting of three independent non-executive directors[79] - The audit committee's main responsibilities include reviewing financial information, risk management, and internal control systems[79] - The unaudited condensed consolidated financial statements for the six months ended September 30, 2025, have been reviewed by the audit committee[80] Dividends and Share Options - No dividends were declared or proposed for the six months ended September 30, 2025, consistent with the previous year[25] - The board decided not to declare an interim dividend for the six months ended September 30, 2025[66] - The company has adopted a share option scheme, allowing for the issuance of up to 80,000,000 shares, which represents 10% of the total issued share capital as of the report date[77] - The share option plan remains valid for approximately 3 more years, with no options granted since its adoption[77] Employment - The group employed 29 staff as of September 30, 2025, an increase from 27 staff as of September 30, 2024[65]
衍汇亚洲(08210) - 2026 - 中期财报