Financial Performance - Revenue for the six months ended September 30, 2022, was HK$59,642,000, a decrease of 15.5% from HK$70,582,000 in the same period of 2021[9]. - Profit for the period attributable to owners of the Company was HK$38,603,000, down 18.3% from HK$47,211,000 in the previous year[12]. - Basic earnings per share decreased to 1.43 HK cents from 1.76 HK cents, reflecting a decline of 18.8%[7]. - Total comprehensive income for the period was HK$32,459,000, a decrease of 32.7% compared to HK$48,245,000 in the prior year[13]. - The overall profit before taxation for the six months ended September 30, 2022, was HK$43,619,000, a decrease of 19.2% from HK$54,005,000 in 2021[94]. - The Group's profit attributable to owners for the six months ended 30th September 2022 was approximately HK$38,459,000, compared to HK$47,234,000 in 2021, reflecting a decrease of 18.5%[135]. Revenue Breakdown - For the six months ended September 30, 2022, total revenue from contracts with customers was HK$4,235,000, a decrease of 47.7% compared to HK$8,102,000 in the same period of 2021[84]. - Revenue from broking services was HK$3,106,000, down 39.7% from HK$5,156,000 in the previous year[83]. - Corporate finance revenue significantly decreased to HK$152,000 from HK$1,933,000, representing a decline of 92.1%[83]. - Assets management revenue was HK$746,000, slightly down from HK$807,000, a decrease of 7.5%[83]. - Precious metal trading revenue increased to HK$231,000 from HK$206,000, marking an increase of 12.1%[83]. - Margin clients' interest revenue decreased to HK$3,077,000 from HK$4,569,000, a decline of 32.7%[86]. - Money lending revenue decreased to HK$35,223,000 from HK$41,897,000, a decline of 16.1%[86]. - Financing segment revenue decreased by 16.3% to HK$40,124,000 from HK$47,857,000 year-on-year[92]. - Corporate finance segment revenue significantly dropped by 92.1% to HK$152,000 compared to HK$1,933,000 in the previous year[92]. - Properties investment segment revenue increased by 4.5% to HK$15,283,000 from HK$14,623,000 in 2021[92]. Expenses and Liabilities - Administrative and other operating expenses were HK$13,544,000, slightly reduced from HK$13,960,000 in the previous period[9]. - Total current liabilities decreased to HK$539,323,000 as of September 30, 2022, from HK$574,474,000 as of March 31, 2022, representing a reduction of approximately 6.1%[14]. - Net cash used in financing activities was HK$67,845,000, compared to HK$40,622,000 in the same period last year, indicating a significant increase of approximately 66.9%[58]. - Interest paid for borrowings increased to HK$2,442,000 in the current period from HK$1,864,000 in the previous period, marking an increase of about 30.9%[55]. Assets and Cash Flow - The Group's non-current assets totaled HK$1,763,286,000 as of September 30, 2022, compared to HK$1,778,759,000 as of March 31, 2022[24]. - Trade receivables amounted to HK$81,329,000, down from HK$89,251,000, indicating a decrease of 8.5%[21]. - Bank balances and cash decreased to HK$520,875,000 from HK$568,386,000, a decline of 8.4%[27]. - Cash and cash equivalents at the end of the period were HK$467,390,000, down from HK$515,549,000 at the beginning of the period, a decrease of about 9.3%[59]. - The Group's total current assets as of September 30, 2022, are HK$948,465,000, slightly up from HK$941,657,000 as of March 31, 2022[165]. Dividends and Shareholder Returns - The Company did not declare any interim dividend for the period[7]. - The company paid dividends of HK$53,646,000 during the period, compared to HK$26,823,000 in the previous year, reflecting an increase of approximately 100%[54]. Taxation and Losses - Hong Kong profits tax for the current period is HK$5,016,000, down from HK$6,794,000 in the previous period, reflecting a decrease of approximately 26.2%[142]. - The Group has unutilised tax losses of approximately HK$65,392,000 available for offsetting against future taxable profits, slightly down from HK$65,407,000 as of March 31, 2022[145]. Operational Overview - The company continues to engage in a wide range of financial services including securities broking, futures broking, and corporate finance advisory[1]. - The Group's operations are primarily located in Hong Kong, Macau, and the People's Republic of China, with administration conducted in Hong Kong[123]. - The Group's geographical revenue breakdown shows HK$43,182,000 from Hong Kong, HK$16,460,000 from Macau, and no revenue from the PRC for the six months ended 30th September 2022[126]. Lending Portfolio - The company reported a total of 5 corporate loans amounting to HK$256,229,000 with interest rates ranging from 12% to 18%[190]. - There were 46 mortgage loans issued, totaling HK$546,076,000, with terms from 6 months to 30 years and interest rates of P+ to 24%[190]. - The consumer finance segment provided loans to individuals, totaling an unspecified amount, with terms from 3 months to 8 years and interest rates between 5.5% and 18%[190]. - The company issued 2 small business loans amounting to HK$845,176,000, with terms of 2 to 4 years and interest rates ranging from 12% to 36%[190]. - The structured loans category included loans with terms of up to 4 years and 10 months, with guarantees and/or corporate guarantees involved[190]. - The total number of loans across all categories indicates a diverse lending portfolio, catering to both corporate and individual borrowers[190]. - The company emphasizes the importance of securities and guarantees in its lending practices, enhancing risk management[190]. - The interest rates offered reflect a competitive range, potentially attracting a variety of borrowers[190]. - The company is focused on expanding its loan offerings, particularly in the mortgage and consumer finance sectors[190]. - Future strategies may include further market expansion and the introduction of new financial products to meet customer needs[190].
美建集团(00335) - 2023 - 中期财报