Revenue Performance - For the six months ended September 30, 2022, the group's revenue was approximately HKD 19.9 million, a decrease of 8.1% compared to the same period in 2021[8]. - Commission income from brokerage services decreased by 55.3% to approximately HKD 4.6 million, accounting for 23.1% of total revenue[9]. - Interest income from margin financing services increased by 53.5% to approximately HKD 14.4 million, representing 72.7% of total revenue[11]. - Commission income from placement and underwriting services decreased by 56.8% to approximately HKD 0.8 million, accounting for 4.2% of total revenue[12]. - The group recorded revenue of approximately HKD 19.9 million, a decrease of 8.1% compared to HKD 21.6 million for the six months ended September 30, 2021[16]. - Total revenue for the six months ended September 30, 2022, was HKD 19,862,000, with a segment profit of HKD 15,914,000[98]. Financial Position - As of September 30, 2022, the group's cash and bank deposits amounted to approximately HKD 119.4 million, up from HKD 103.7 million as of March 31, 2022[20]. - The group's current assets net value increased to approximately HKD 343.2 million, compared to HKD 334.8 million as of March 31, 2022, reflecting an increase of approximately HKD 8.4 million[20]. - The group maintained a debt-to-equity ratio of approximately 0.09 as of September 30, 2022, unchanged from March 31, 2022[21]. - As of September 30, 2022, the total assets amounted to HKD 574,470,000, an increase from HKD 544,047,000 as of March 31, 2022, representing a growth of approximately 5.4%[79]. - The net asset value increased to HKD 348,641,000 from HKD 339,962,000, reflecting a rise of about 2.0%[79]. - The total liabilities decreased from HKD 231,309,000 to HKD 195,446,000, a reduction of approximately 15.5%[79]. Profitability - The group's net profit was approximately HKD 8.7 million, an increase of 0.2% compared to HKD 8.7 million for the six months ended September 30, 2021[18]. - The company's pre-tax profit for the six months ended September 30, 2022, was HKD 10,323,000, a slight decrease of 2.2% compared to HKD 10,560,000 in the previous year[77]. - The total comprehensive income for the period was HKD 8,679,000, compared to HKD 8,663,000 in the same period of 2021, indicating a marginal increase[77]. - The company reported a net cash inflow from operating activities of HKD 16,953,000, compared to a net outflow of HKD 3,371,000 in the previous year[83]. Operational Efficiency - Other operating expenses decreased by 37.4% to approximately HKD 2.9 million, down from HKD 4.7 million for the six months ended September 30, 2021[17]. - Employee costs for the period were HKD 4,662,000, down from HKD 5,351,000 in the previous year[107]. - The company reported a total of HKD 3,509,000 in key management personnel compensation for the six months ended September 30, 2022, compared to HKD 4,208,000 for the same period in 2021, reflecting a decrease of about 16.6%[138]. Shareholder Information - The company has a total of 750,000,000 shares held by major shareholders, representing 75% ownership[49]. - Major shareholder Mr. Li holds 75% of the company's shares through his controlled entity, Wanshun Holdings[49]. - The major shareholders include Ms. Yang, who also holds a 75% interest through Wanshun Holdings[54]. - The company did not declare or propose any dividends to ordinary shareholders for the period ended September 30, 2022, consistent with the previous year[115]. Financing and Debt - The financing agreement I allows for a revolving loan and an overdraft facility with a maximum principal amount of HKD 15,000,000 and HKD 10,000,000 respectively[59]. - The outstanding loan amount under Financing Agreement II was HKD 30,000,000 as of September 30, 2022[67]. - The financing under Financing Agreement I had an outstanding loan amount of zero as of September 30, 2022[62]. - The company has committed to maintaining at least 51% of the voting rights under Financing Agreement II[65]. Market Outlook - The company anticipates a rebound in the global economy as COVID-19 gradually eases, maintaining Hong Kong's position as a leading financial market[15]. - The company plans to continue expanding its market presence and enhancing its service offerings in the securities trading and asset management sectors[85].
富石金融(02263) - 2023 - 中期财报