Financial Performance - The company recorded unaudited revenue of HKD 24,700,000 for the first half of the fiscal year 2023, a decrease of 4.5% compared to HKD 25,800,000 in the same period of fiscal year 2022[4]. - The reported and underlying profit for the first half of fiscal year 2023 was HKD 2,200,000 and HKD 3,200,000 respectively, down from HKD 3,700,000 in the same period of fiscal year 2022[4]. - The basic and diluted earnings per share for the first half of fiscal year 2023 were both HKD 0.26, compared to HKD 0.41 in the same period of fiscal year 2022[5]. - The company did not recommend any interim dividend for the first half of fiscal year 2023[6]. - The company experienced a significant decline in profit attributable to owners, reporting a loss of HKD 902,000 for the second quarter of fiscal year 2023, compared to a profit of HKD 1,541,000 in the same period of fiscal year 2022[11]. - For the first half of the fiscal year 2023, the company reported a loss of HKD 2,201,000 compared to a profit of HKD 3,742,000 in the same period of fiscal year 2022, representing a decrease of 158.8%[13]. - The total comprehensive loss for the first half of fiscal year 2023 was HKD 52,993,000, a significant increase from a total comprehensive income of HKD 917,000 in the first half of fiscal year 2022[13]. - The company reported a pre-tax profit of HKD 3,977,000 for the first half of fiscal year 2023, down from HKD 5,866,000 in the same period of fiscal year 2022[9]. Revenue Breakdown - Total revenue for the first half of the fiscal year 2023 was HKD 464,163,000, a decrease from HKD 465,635,000 in the same period of fiscal year 2022, representing a decline of approximately 0.3%[21]. - Revenue from corporate financing and other consulting services in the second quarter of fiscal year 2023 was HKD 2,650,000, down 30.3% from HKD 3,812,000 in the second quarter of fiscal year 2022[37]. - Net rental income for the first half of fiscal year 2023 was HKD 10,568,000, a decrease of 14.3% from HKD 12,332,000 in the first half of fiscal year 2022[39]. - The total rental income from investment properties for the first half of fiscal year 2023 was HKD 15,657,000, down 16.5% from HKD 18,742,000 in the first half of fiscal year 2022[39]. - Revenue from consulting and advisory services for the first half of fiscal year 2023 was HKD 10,203,000, compared to HKD 13,074,000 in the same period last year, a decline of 21.7%[56]. - The company achieved a significant increase in underwriting service revenue from HKD 1,370,000 in the first half of fiscal year 2022 to HKD 2,022,000 in the first half of fiscal year 2023, representing a growth of 47.5%[130]. - Financial advisory service revenue rose to HKD 5,015,000 in the first half of fiscal year 2023, up from HKD 4,781,000 in the same period last year, marking an increase of 4.9%[130]. - Compliance advisory service revenue increased significantly from HKD 506,000 to HKD 1,255,000, reflecting a growth of 148.4%[130]. Expenses and Losses - A foreign exchange loss of HKD 55,100,000 was recorded due to the depreciation of the Japanese yen against the Hong Kong dollar, impacting overall expenses of HKD 53,000,000 for the first half of fiscal year 2023[4]. - Total administrative and operating expenses for the first half of fiscal year 2023 were HKD 13,211,000, compared to HKD 11,441,000 in the same period of fiscal year 2022[9]. - The company recorded a net exchange loss of HKD 1,900,000 in the first half of the fiscal year 2023 due to the depreciation of the Japanese yen[153]. - The total expenses incurred in the first half of fiscal year 2023 amounted to HKD 53,000,000, significantly higher than HKD 2,700,000 in the same period of fiscal year 2022[153]. - Property expenses decreased by 20.6% to HKD 5,100,000 from HKD 6,400,000 in the first half of fiscal year 2022, primarily due to the depreciation of the Japanese yen[133]. - Administrative and operating expenses increased to HKD 13,200,000 from HKD 11,400,000, driven by higher employee costs and foreign exchange losses[134]. Assets and Liabilities - Non-current assets decreased from HKD 624,433,000 as of March 31, 2022, to HKD 545,925,000 as of September 30, 2022, reflecting a decline of 12.6%[15]. - Current liabilities decreased from HKD 76,664,000 to HKD 70,160,000, a reduction of 8.3%[15]. - The total equity attributable to the owners of the company decreased from HKD 426,156,000 to HKD 373,972,000, a decline of 12.3%[17]. - The company reported a decrease in trade and other receivables from HKD 4,148,000 to HKD 2,523,000, a drop of 39.2%[15]. - The company’s total assets less current liabilities decreased from HKD 586,576,000 to HKD 512,462,000, a decline of 12.6%[15]. - The company’s total liabilities decreased to HKD 450,571,000 as of September 30, 2023, down from HKD 449,634,000 as of April 1, 2022[21]. - The group’s total assets decreased to HKD 582,622,000 from HKD 663,240,000, indicating a reduction of approximately 12.1%[51]. - The total liabilities increased to HKD 194,590,000 from HKD 222,630,000, representing a decrease of about 12.6%[53]. Shareholder Information - As of September 30, 2022, Mr. Ye holds a beneficial interest in 557,200,000 shares, representing approximately 69.07% of the company's issued share capital[158]. - The company’s issued and paid-up capital as of September 30, 2022, was HKD 8,067,000, with 806,720,000 ordinary shares issued[103]. - Flying Castle Limited holds 557,200,000 shares, representing 69.07% of the company's issued share capital[165]. - Yuanta Asia Investment Limited owns 44,250,000 shares, accounting for 5.49% of the total issued share capital[165]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM listing rules during the first half of the 2023 fiscal year[177]. - The company has established an audit committee consisting of three independent non-executive directors, chaired by Mr. Chen Chenguang, to oversee financial reporting and risk management[186]. - The audit committee confirmed that the unaudited consolidated results for the first half of the fiscal year 2023 complied with applicable accounting principles and regulations[186]. - The company has adopted trading standards for directors' securities transactions in compliance with GEM listing rules[181]. - The company has established financial risk management policies to ensure all payables are settled within the credit period[96]. Future Outlook and Strategies - The company aims to address the adverse impacts of currency fluctuations and is exploring strategies for market expansion and operational efficiency[4]. - The company anticipates stable rental returns in yen from property operations despite fluctuations in the yen-HKD exchange rate[156]. - The company plans to maintain competitive pricing while providing quality services in regulatory-based advisory work to remain relevant in a challenging market[155]. - The company is focused on improving property occupancy rates and rental income following Japan's economic reopening post-COVID-19[156]. - The company will assess the optimal timing for project undertakings in light of market demand and unclear IPO policies, particularly for SMEs[155].
浩德控股(08149) - 2023 - 中期财报