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辰罡科技(08131) - 2022 - 中期财报

Financial Performance - For the three months and six months ended May 31, 2022, the unaudited revenue was HKD 20,151,000 and HKD 39,071,000, representing an increase of 121.5% and 142.3% respectively compared to the same periods in 2021[5]. - The unaudited net profit for the same periods was HKD 6,807,000 and HKD 11,033,000, compared to HKD 362,000 and HKD 1,422,000 in 2021, indicating a significant growth in profitability[5]. - Basic earnings per share for the three months and six months were HKD 0.0143 and HKD 0.0232, compared to HKD 0.0012 and HKD 0.0047 in the previous year, reflecting a substantial increase[6]. - The company reported a total revenue of HKD 39,071,000 for the six months ended May 31, 2022, compared to HKD 16,125,000 for the same period in 2021, representing an increase of 142.5%[15]. - The company achieved a net profit of HKD 11,033,000 for the six months ended May 31, 2022, compared to a profit of HKD 1,422,000 in the same period of 2021, indicating a significant improvement[18]. - The operating profit for the six months ended May 31, 2022, was HKD 11,033,000, significantly higher than HKD 1,422,000 for the same period in 2021, representing an increase of approximately 676%[30]. Assets and Liabilities - The total assets as of May 31, 2022, were HKD 61,141,000, up from HKD 51,613,000 as of November 30, 2021, showing a growth of 18.5%[7]. - The total liabilities decreased slightly to HKD 38,261,000 from HKD 39,766,000, indicating a reduction of 3.8%[8]. - The total equity of the company as of May 31, 2022, was HKD 22,880,000, an increase from HKD (23,782,000) as of May 31, 2021[10]. - The total liabilities for the same period were HKD 38,261,000, a decrease from HKD 39,813,000 in 2021[20]. Revenue Sources - Revenue from software licensing and related services was HKD 29,642,000 for the six months ended May 31, 2022, up from HKD 9,681,000 in the previous year, marking a growth of 206.5%[15]. - The financial solutions segment generated revenue of HKD 35,674,000 for the six months ended May 31, 2022, compared to HKD 14,269,000 in 2021, reflecting an increase of 150.1%[18]. - Revenue from computer software licensing, leasing, and related services accounted for approximately HKD 15,548,000 or 77% of total revenue[43]. - Revenue from self-developed software sales accounted for approximately HKD 18,595,000, while financial technology resource services contributed about HKD 1,547,000[57]. Cash Flow and Expenses - The company reported a net cash outflow from operating activities of HKD 28,508,000 for the six months ended May 31, 2022, compared to a cash inflow of HKD 256,000 in the same period last year[9]. - Operating expenses for the three months ended May 31, 2022, were approximately HKD 7,404,000, an increase of 80% from HKD 4,102,000 in the same period last year[44]. - The company incurred financing costs of HKD 793,000 for the six months ended May 31, 2022, down from HKD 2,483,000 in the previous year, indicating a reduction of 68.1%[18]. - The company incurred a total finance cost of HKD 793,000 for the six months ended May 31, 2022, down from HKD 2,483,000 in 2021[25]. Customer and Market Insights - The company had two major customers contributing 10% or more to its revenue for the six months ended May 31, 2022, consistent with the previous year[23]. - FinReg sales have significantly increased, contributing positively to the group's performance and expanding the customer base with several new contracts from major brokerage firms[61]. - The fintech resource services division has seen significant growth due to the increasing demand for IT professionals in the financial sector[63]. Corporate Governance and Compliance - The audit committee held two meetings to review the company's reports and financial statements for the six months ending May 31, 2022[80]. - The company has adopted a code of conduct for directors' securities transactions, with no known violations reported[81]. - The group has not established an internal audit function since its listing in 2000, but believes its current organizational structure is sufficient for risk management and internal control[86]. - The internal control system is reviewed annually, covering all key controls including financial, operational, compliance, and risk management[86]. Future Outlook and Strategy - The company is optimistic about the prospects for regulatory technology and information technology-related services, aiming to enhance marketing activities for new products and innovative ideas[60]. - The group plans to focus more on R&D capabilities and enhance the quality of its sales and marketing teams to drive revenue growth in 2022[65]. - The group aims to provide customized regulatory technology solutions to help financial institutions mitigate risks and avoid compliance issues[62]. - The successful launch of FinReg and its surrounding product lines marks a significant milestone in the group's development, with increasing demand for regulatory technology solutions in the Hong Kong securities brokerage industry[64]. Shareholder Information - Maximizer International holds 71.35% of the company's issued share capital with 339,499,095 ordinary shares[74]. - DGM Trust Corporation, as trustee, holds 74.81% of the company's issued share capital[74]. - The company issued 123,529,400 convertible preferred shares to Maximizer International at an initial conversion price of HKD 0.17 per share[75]. - The company issued HKD 29,699,876.20 of zero-interest convertible bonds to Maximizer International, convertible into up to 174,705,154 ordinary shares at the same conversion price of HKD 0.17[76].