Revenue and Profitability - For the six months ended September 30, 2025, the company's revenue was approximately HKD 17.0 million, an increase of about 53.7% compared to the same period in 2024[6]. - Net profit for the reporting period was approximately HKD 6.2 million, representing an increase of about 321.2% from approximately HKD 1.5 million for the six months ended September 30, 2024[16]. - The group recorded revenue of approximately HKD 17.0 million for the reporting period, an increase of about 53.7% compared to HKD 11.1 million for the six months ended September 30, 2024[14]. - The total comprehensive income for the period was HKD 6,167,000, up from HKD 1,464,000 in the previous year, reflecting a growth of approximately 320.5%[64]. - Basic earnings per share for the period were HKD 0.62, compared to HKD 0.15 for the same period in 2024, marking an increase of approximately 313.3%[64]. - The pre-tax profit for the six months ended September 30, 2025, was HKD 6,100,000, significantly higher than HKD 1,464,000 for the same period in 2024, indicating a substantial growth in profitability[79][88]. Revenue Sources - Commission income from the brokerage business increased by approximately 278.5% to about HKD 5.7 million, accounting for approximately 33.5% of total revenue[7]. - Interest income from margin financing services rose by approximately 30.6% to about HKD 11.1 million, representing approximately 65.1% of total revenue[8]. - Revenue from placement and underwriting services decreased by approximately 78.7% to about HKD 0.2 million, accounting for approximately 1.4% of total revenue[10]. - Asset management service revenue was approximately HKD 3,000, with a segment loss of about HKD 87,000 during the reporting period[11]. - The company experienced a significant increase in client subscription for initial public offerings, contributing to the rise in commission and fee income[7]. Market Performance - The average daily trading volume in the Hong Kong securities market for the first three quarters of 2025 was HKD 256.4 billion, an increase of approximately 126% compared to the same period in 2024[5]. - Total funds raised in the Hong Kong securities market for the first three quarters of 2025 amounted to HKD 444.0 billion, an increase of approximately 252.0% compared to the same period in 2024[5]. Financial Position - The group maintained a strong liquidity position with total cash and bank deposits of approximately HKD 145.1 million as of September 30, 2025, down from HKD 218.9 million as of March 31, 2025[18]. - The net asset value of the group's current assets increased by approximately HKD 6.3 million to about HKD 360.8 million as of September 30, 2025, compared to HKD 354.5 million as of March 31, 2025[18]. - The group has no bank borrowings or asset pledges as of September 30, 2025[21][22]. - The company had no outstanding loans under Financing Agreement I and II as of September 30, 2025, indicating a strong liquidity position[54][58]. - The total assets as of September 30, 2025, were HKD 2,460,000, reflecting a slight decrease from HKD 2,369,000 as of March 31, 2025[93]. Cost Management - Other operating expenses decreased by approximately 15.0% to about HKD 3.3 million, down from approximately HKD 3.8 million for the six months ended September 30, 2024[15]. - The company will continue to control operating costs and enhance its financial resources to improve cost efficiency and profitability amid uncertain economic conditions[13]. - The company’s employee costs for the period were HKD 5,630,000, slightly higher than HKD 5,510,000 in the previous year, reflecting a modest increase of approximately 2.2%[64]. Corporate Governance - The board does not recommend the distribution of an interim dividend for the reporting period[33]. - The company has established an audit committee to ensure compliance with regulatory requirements[38]. - The board confirms compliance with the corporate governance code as per the Hong Kong Stock Exchange listing rules during the reporting period[35]. - The audit committee has reviewed the unaudited condensed consolidated interim financial statements for the six months ending September 30, 2025[40]. Future Plans and Strategies - The group plans to utilize the net proceeds of approximately HKD 90.6 million from its IPO for various purposes, including expanding its placement and underwriting business and upgrading IT systems[30]. - The group intends to expand into virtual asset-related services upon obtaining necessary regulatory approvals, aligning with its strategy to offer a more diversified range of products and services[12]. Shareholder Information - Major shareholders, including Mr. Li and Ms. Yang, hold 750,000,000 shares each, representing 75% of the company's equity[48]. - There are no other interests or positions held by directors or key executives in the company's shares or related securities as of September 30, 2025[49]. Compliance and Regulatory Matters - The company has adopted a standard code for securities trading by directors, confirming full compliance by all directors during the reporting period[37]. - The financing agreements are subject to periodic review by the respective banks, ensuring compliance with specific covenants[53][57]. - The controlling shareholders have confirmed adherence to the non-competition agreement throughout the reporting period[42]. Miscellaneous - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[36]. - The company has not granted any stock options under the stock option plan during the reporting period, and there are no unexercised stock options as of September 30, 2025[60]. - The company incurred financing costs of HKD 111,000 for the six months ended September 30, 2025, compared to HKD 43,000 in 2024, indicating increased borrowing costs[86]. - The company has not disclosed aging analysis for accounts payable due to the nature of the business, which the directors believe does not provide additional value[100].
富石金融(02263) - 2026 - 中期财报