Financial Performance - The company recorded revenue of HKD 215.51 million for the reporting period, a 360% increase compared to HKD 46.86 million in the same period last year[8]. - The company achieved an operating profit of HKD 37.15 million, with a net profit attributable to equity holders of HKD 48.91 million, compared to a net loss of HKD 11.69 million in the same period last year[8]. - Revenue for the six months ended December 31, 2021, was HKD 215,510,000, a significant increase from HKD 46,864,000 in the same period of 2020, representing a growth of 359%[38]. - Gross profit for the same period was HKD 48,167,000, compared to HKD 8,875,000 in 2020, indicating a growth of 442%[38]. - Net profit for the period was HKD 48,909,000, compared to a net loss of HKD 15,212,000 in the same period of 2020[39]. - Total comprehensive income for the period was HKD 49,424,000, a significant improvement from a loss of HKD 14,520,000 in 2020[39]. - Basic and diluted earnings per share for the period were HKD 9.10, compared to a loss per share of HKD 11.69 in the previous year[39]. - The adjusted profit before tax for the six months ending December 31, 2021, was HKD 48,938,000, compared to a loss of HKD 15,209,000 in the same period of 2020[69]. Revenue Breakdown - Revenue from party product trading surged to HKD 97.93 million, up from HKD 17.15 million in the previous year[9]. - The securities and commodities brokerage and asset management segment generated revenue of HKD 46.30 million, compared to HKD 8.42 million in the same period last year[10]. - The group generated revenue of HKD 70.96 million from commodity trading during the reporting period, compared to HKD 21.03 million in the same period of 2020[12]. - Revenue from mainland China was HKD 168,886,000, compared to HKD 21,033,000 in the previous year, indicating a substantial growth[75]. - The total revenue from other sources in Hong Kong was HKD 46,435,000, up from HKD 8,424,000 in the previous year[75]. - Major customer A contributed HKD 47,813,000 to the group's revenue, while customer B contributed HKD 46,302,000[80]. Expenses and Liabilities - Operating expenses increased by 22.6% to HKD 25.76 million during the reporting period[8]. - Total liabilities as of December 31, 2021, were HKD 1,405,941,000, compared to HKD 244,194,000 as of June 30, 2021, indicating a substantial increase in financial obligations[41]. - The company's trade payables as of December 31, 2021, were HKD 66,865,000, an increase from HKD 53,436,000 as of June 30, 2021[63]. - The aging analysis of trade payables showed that HKD 32,707,000 was due within 30 days as of December 31, 2021[64]. Assets and Cash Flow - As of December 31, 2021, the group's net current assets were HKD 183.41 million, an increase from HKD 132.53 million as of June 30, 2021[14]. - The group's total assets less current liabilities amounted to HKD 200.34 million, up from HKD 150.91 million as of June 30, 2021[14]. - The group's cash and bank balances reached HKD 1.39145 billion as of December 31, 2021, compared to HKD 248.78 million as of June 30, 2021[14]. - The net cash generated from operating activities for the six months ended December 31, 2021, was HKD 23,707,000, compared to a net cash used of HKD 17,906,000 in the previous year[43]. - Cash and cash equivalents increased dramatically to HKD 1,391,447,000 from HKD 248,778,000 in the previous period[40]. Financing and Investments - The company received a USD 200 million interest-free loan from its controlling shareholder, Neo Tech Inc., and utilized approximately USD 161 million for its spot foreign exchange trading[11]. - The group raised a net amount of approximately HKD 284 million from the rights issue and share subscription activities[17]. - The company utilized HKD 50 million for repaying overdue external debts within six months post-rights issue[19]. - The company has used HKD 110 million for repaying overdue convertible bonds within twelve months post-rights issue[19]. - The company reported a net cash used in investing activities of HKD 46,000,000, reflecting the company's investment strategy during the period[43]. Corporate Governance and Management - The company has complied with the corporate governance code, except for the absence of a CEO since April 1, 2011, with the board executing the functions of the CEO[31]. - Following the passing of an independent non-executive director on February 6, 2022, the company fell below the minimum requirement of three independent non-executive directors[32]. - The audit committee currently consists of two independent non-executive directors, with the chair position remaining vacant[37]. - The company is actively seeking suitable candidates to fill the vacancies of independent non-executive directors to comply with listing rules[33]. - The company reported management compensation for the six months ended December 31, 2021, was HKD 1,841,000, an increase from HKD 1,483,000 in 2020[92]. Future Outlook - The company plans to explore and invest in technological innovations for its asset management business[11]. - The group plans to develop its lending business by providing higher-value loans to borrowers with personal guarantees or collateral[13]. - The company plans to continue expanding its market presence and product offerings in the upcoming periods[68]. - The company is positioned to seize future opportunities as community vaccination rates increase and the pandemic is controlled[23].
INTL GENIUS(00033) - 2022 - 中期财报