Financial Performance - Total revenue for the six months ended September 30, 2022, was HKD 174,870,000, a decrease of 7.3% compared to HKD 189,970,000 in the same period last year[3]. - Pre-tax profit for the period was HKD 85,754,000, down 81.0% from HKD 450,316,000 in the previous year[6]. - Net profit for the period was HKD 71,731,000, a decline of 83.4% compared to HKD 432,562,000 in the prior year[6]. - Basic and diluted earnings per share decreased to HKD 2.9 cents from HKD 17.3 cents year-on-year[6]. - The company reported a net comprehensive income of HKD 71,840,000, down from HKD 432,586,000 in the same period last year[6]. - Profit attributable to the company's owners was approximately HKD 71.7 million, down from HKD 432.6 million in the previous year, primarily due to the absence of gains from the sale of subsidiaries recorded in the prior period and an increase in impairment losses on receivables[72]. - Earnings per share decreased to HKD 0.029 from HKD 0.173 in the previous year[73]. Assets and Liabilities - Total assets as of September 30, 2022, were HKD 4,716,321,000, compared to HKD 4,550,902,000 as of March 31, 2022[10]. - Current liabilities decreased to HKD 468,530,000 from HKD 531,729,000 in the previous reporting period[10]. - The total liabilities for the group were HKD 472,224, with the brokerage segment liabilities at HKD 233,378 and financing segment liabilities at HKD 237,783[29]. - The total accounts receivable, net of loss provisions, was HKD 2,747,433,000 as of September 30, 2022, compared to HKD 2,826,396,000 as of March 31, 2022, reflecting a decrease of 2.8%[39]. - The company reported a loss provision of HKD 3,138,074,000 for accounts receivable, which increased from HKD 3,160,493,000 as of March 31, 2022[39]. - As of September 30, 2022, the group's net current assets amounted to HKD 4,247,800,000, an increase from HKD 4,019,200,000 as of March 31, 2022[85]. - The liquidity ratio as of September 30, 2022, was 10.07, up from 8.56 on March 31, 2022[85]. - The group had no bank borrowings as of September 30, 2022, maintaining a capital debt ratio of zero[85][87]. Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2022, was HKD 191,117, a decrease of 76.3% compared to HKD 804,166 in the same period of 2021[14]. - The net cash generated from investment activities increased to HKD 227,284, up 47.7% from HKD 153,778 in the previous year[14]. - The total net increase in cash and cash equivalents was HKD 339,032, down 61.4% from HKD 878,415 in the prior year[14]. - The total cash and cash equivalents at the end of the period reached HKD 1,565,605, an increase from HKD 1,206,601 at the end of the previous year[14]. - Cash and bank balances reached HKD 1,565,600,000, compared to HKD 1,226,600,000 as of March 31, 2022, primarily due to cash inflows from receivables[85]. Dividends - The company declared a dividend of HKD 150,000,000, unchanged from the previous year[6]. - The company declared an interim dividend of HKD 0.03 per share, totaling HKD 75,000,000, consistent with the previous year's interim dividend[35]. - The company declared an interim dividend of HKD 0.03 per share for the six months ended September 30, 2022[70]. Segment Performance - The total segment revenue for the brokerage division was HKD 24,120, while the financing division generated HKD 148,999, and corporate finance contributed HKD 474[26]. - The overall segment performance showed a profit of HKD 87,114, with the brokerage and financing divisions contributing HKD 92,454 and HKD 419 respectively[26]. - The brokerage business recorded a loss of approximately HKD 5.2 million, a significant decline from a profit of HKD 6.1 million in the previous year, with brokerage commission income decreasing by 35.4% to approximately HKD 24.1 million[77]. - Interest income from securities margin financing decreased by 0.9% to approximately HKD 149 million, compared to HKD 150.3 million in the previous year[78]. - The asset management segment recorded a profit of approximately HKD 1.2 million, primarily from asset management fee income of approximately HKD 1.3 million[79]. - The investment segment reported a loss of approximately HKD 1.7 million due to a decrease in the fair value of the investment portfolio, which had a total fair value of approximately HKD 46 million as of September 30, 2022[82]. Shareholder Information - As of September 30, 2022, the major shareholder, Jietao Holdings, holds 1,824,690,171 shares, representing 72.99% of the company's issued ordinary shares[102]. - Honeylink, controlled by Mr. Hong Hanwen, holds 50,309,829 shares, accounting for 2.01% of the issued shares[102]. - As of September 30, 2022, the company had 2,500,000,000 issued shares, unchanged from March 31, 2022[85]. Corporate Governance - The company has adhered to the corporate governance code as per the listing rules during the reporting period[105]. - The audit committee reviewed the unaudited condensed consolidated interim financial statements for the six months ending September 30, 2022[106]. - There were no changes in director information that required disclosure since the last annual report published on March 31, 2022[109]. Employee Information - The total employee compensation cost for the period was HKD 11,300,000, down from HKD 11,900,000 in the previous year[90]. - The group had 72 full-time employees as of September 30, 2022, a decrease from 76 as of March 31, 2022[90].
结好金融(01469) - 2023 - 中期财报