Revenue Performance - Revenue from corporate finance advisory and related services for the Interim Period was approximately HK$9.0 million, down 66.0% from approximately HK$26.4 million in 2022[21]. - Revenue from asset management services was approximately HK$7.3 million, a slight decrease of 3.9% from approximately HK$7.6 million in 2022[22]. - Revenue from securities broking and related services was approximately HK$1.2 million, down 14.3% from approximately HK$1.4 million in 2022[23]. - Revenue from money lending and related business was approximately HK$3.1 million, a significant decline from approximately HK$8.8 million in 2022, indicating a decrease of about 64.8%[33]. - Revenue for the Interim Period was approximately HK$21.1 million, down from approximately HK$44.7 million in 2022, representing a decrease of about 52.8%[36]. - Services revenue for the six months ended June 30, 2023, was HK$18,410, a decrease of 58.3% compared to HK$44,237 in the same period of 2022[126]. - Total revenue for the six months ended June 30, 2023, was HK$21,147,000, a decrease from HK$44,667,000 in the same period of 2022, representing a decline of approximately 52.7%[169]. - Advisory and related services revenue dropped significantly to HK$9,048,000 from HK$26,418,000, reflecting a decline of approximately 66%[154]. - Securities and related services revenue decreased to HK$1,186,000 from HK$1,401,000, representing a decline of approximately 15%[154]. - Referral fees revenue saw a significant drop to HK$375,000 from HK$8,375,000, marking a decrease of around 95%[154]. Profit and Loss - The Group recorded a net profit of approximately HK$4.2 million for the Interim Period, a decrease of approximately HK$17.6 million compared to HK$21.8 million in 2022[35]. - Profit before income tax for the period was HK$5,309, down 79.5% from HK$25,959 in the previous year[126]. - Profit attributable to the owners of the Company for the period was HK$4,203, a decline of 80.7% compared to HK$21,823 in the same period of 2022[126]. - Basic and diluted earnings per share decreased to 0.37 HK cents from 1.92 HK cents, representing a drop of 80.7%[126]. - The income tax expense for the six months ended June 30, 2023, was HK$1,106,000, a decrease from HK$4,136,000 in the same period of 2022[187]. Assets and Liabilities - Total assets as of June 30, 2023, were approximately HK$639.4 million, down from approximately HK$655.3 million as of December 31, 2022[46]. - Total liabilities decreased to approximately HK$163.5 million as of June 30, 2023, from approximately HK$183.6 million as of December 31, 2022[46]. - The Group had no bank and other borrowings as of June 30, 2023, resulting in a gearing ratio of 0%[45]. - Total assets less current liabilities as of June 30, 2023, were HK$487,674, an increase from HK$481,792 as of December 31, 2022[130]. - Net current assets increased to HK$127,215 from HK$106,092, reflecting a growth of 19.9%[130]. - Total equity attributable to the owners of the Company rose to HK$475,932, up from HK$471,729 at the end of 2022[130]. Corporate Governance and Compliance - The Company has established an Audit Committee in compliance with Listing Rule 3.21[102]. - The Company has complied with all applicable code provisions set out in the Corporate Governance Code during the Interim Period[103]. - The independent auditor's review concluded that the unaudited interim condensed consolidated financial statements are prepared in accordance with HKAS 34[122]. - The Company has adopted the Model Code for securities transactions by Directors, confirming compliance during the Interim Period[106]. - The Company relies on external auditors for the review of its financial reports, without conducting a detailed independent audit[102]. Shareholding and Dividends - The Board resolved not to declare an interim dividend for the Interim Period, consistent with the previous year[34]. - As of June 30, 2023, Lee Wa Lun holds 227,250,000 shares, representing 19.94% of the total issued shares[78]. - Xu Haohao has an interest in 213,343,614 shares, accounting for 18.73% of the total issued shares[78]. - Lam Chi Shing and Li Ming each hold 17,800,000 shares, representing 1.56% of the total issued shares[78]. - The Share Option Scheme allows for a maximum of 113,933,019 shares to be granted, which is 10% of the shares in issue as of July 26, 2019[95]. - No share options were granted, exercised, cancelled, lapsed, or outstanding during the Interim Period[96]. Future Outlook and Strategy - The Group is preparing to expand its service offerings in the financial services industry to ensure sustainable development[70]. - The capital market post-COVID has not revived as expected, impacting the Group's performance outlook for 2023-2024[70]. - The Group's future prospects depend on new mandates and income recognition from corporate finance transactions, contingent on conditions and timing of completion[71]. - The Group's investment management agreement renewal with SHK is crucial for future income generation[71]. - The Group's strategy includes leveraging opportunities arising from delisting notices issued by the Stock Exchange[70]. Employee and Training - The Group's employee benefit expenses for the interim period amounted to approximately HK$7.3 million, a slight decrease from approximately HK$7.4 million in 2022[69]. - The Group's employee training and development efforts are aimed at enhancing employee capabilities and compliance[68].
大禹金融(01073) - 2023 - 中期财报