Company Overview - Koala Financial Group Limited is listed on the GEM of the Hong Kong Stock Exchange under stock code 8226, providing various financial services including securities brokerage, underwriting, asset management, lending, and property investment[7]. - The company has established a solid foundation in Hong Kong, becoming one of the major comprehensive financial groups in the region[7]. Community Engagement and Corporate Social Responsibility - The company actively participates in marketing activities to enhance brand awareness, sponsoring online financial media and programs on popular financial broadcasting channels[9]. - During the review period, the company distributed KN95 masks to clients and those in need, enhancing its positive public image amid the COVID-19 pandemic[11]. - The company was awarded the "Caring Company" logo by the Hong Kong Council of Social Service, recognizing its commitment to community, employee, and environmental care over the years[12]. - The company served as a major sponsor for the "Cookie Sale Campaign 2022," supporting elderly care services in Hong Kong[13]. - The company participated in the "Million Walk" event organized by the Community Chest, raising funds for family and child welfare services[16]. - The company was the title sponsor for the "Healthy Walk Online 2022," promoting physical activity during the pandemic[17]. - The company aims to maintain sustainable business development through ongoing community engagement and brand-building initiatives[9]. Financial Performance - The group reported a net loss of approximately HKD 57.9 million for the year ended December 31, 2022, a significant decrease from a net profit of approximately HKD 82.7 million in the previous year[23]. - Interest income from margin financing increased by 59.4% to approximately HKD 10 million in 2022, compared to HKD 6.2 million in 2021[25]. - Total assets decreased to HKD 478,246,000 in 2022 from HKD 493,619,000 in 2021, while total liabilities decreased to HKD 91,241,000 from HKD 130,158,000[20]. - The group's revenue from brokerage services was HKD 2,658,000 in 2022, down from HKD 3,767,000 in 2021[37]. - The group’s total revenue for the year was approximately HKD 19,095,000, a slight decrease from HKD 19,175,000 in the previous year, accounting for 81.3% of total revenue[37]. - The group recognized a realized loss of approximately HKD 79.6 million on listed securities during the year, compared to a fair value gain of approximately HKD 85.3 million in the previous year[23]. - The equity attributable to the owners of the company increased to HKD 379,004,000 in 2022 from HKD 353,048,000 in 2021[20]. - The group's revenue decreased to approximately HKD 23,500,000 for the year ended December 31, 2022, down about 9.3% from HKD 25,900,000 in 2021, primarily due to a decline in lending business revenue from HKD 6,300,000 to HKD 3,900,000[58]. - The group recorded a realized loss of approximately HKD 79,600,000 from the sale of listed securities, compared to a gain of HKD 11,100,000 in the same period of 2021[58]. Asset Management and Investment Strategy - The group plans to continue allocating resources to margin financing, expecting it to become a key growth driver in the future[25]. - The group has initiated asset management services through a subsidiary, aiming to provide stable and diversified income sources in the long term[30]. - The group plans to actively seek suitable commercial properties in Hong Kong to expand its investment portfolio[54]. Governance and Corporate Structure - The board of directors is committed to maintaining high corporate governance standards, ensuring accountability and transparency, and has complied with all provisions of the GEM Listing Rules Appendix 15 for the year ended December 31, 2022[89]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, focusing on enhancing shareholder value and overseeing business management[92]. - The board will review its governance practices at least annually and make necessary adjustments[90]. - The company has adopted a code of conduct regarding securities trading by directors, ensuring compliance with GEM Listing Rules[91]. - The company has established an investment committee responsible for formulating investment policies and reviewing the investment portfolio[118]. - The board is responsible for the effectiveness of the risk management and internal control systems, which were reviewed and deemed effective during the year[119]. Employee Relations and Development - As of December 31, 2022, the group had approximately 17 employees, with employee costs amounting to HKD 5,200,000, a decrease from HKD 6,200,000 in 2021[79]. - The company emphasizes competitive compensation, adjusting employee salaries based on individual performance, qualifications, experience, and labor market conditions[79]. - The company is dedicated to providing suitable ongoing training for employees to equip them for future developments[79]. - The percentage of trained employees in senior management was 100%, while only 43% of management and other employees received training during the reporting period, down from 72% the previous year[180]. - The company supports employees in obtaining professional qualifications and certifications, including registered accountants[180]. Environmental, Social, and Governance (ESG) Initiatives - The company recognizes the integration of environmental, social, and governance principles into its risk management system as crucial for sustainable development[132]. - The company is committed to sustainable development and considers various environmental and social factors in decision-making[145]. - The total greenhouse gas emissions for the reporting period were approximately 38.26 tons, with a per-employee emission of 2.25 tons[149]. - The company has implemented measures to reduce energy consumption, such as turning off air conditioning at night and maintaining office temperatures at 25 degrees Celsius during summer[149]. - The company aims to reduce greenhouse gas emissions by 10% by the end of 2030 through various energy-saving initiatives[166]. Compliance and Risk Management - The company has established an anti-corruption policy to ensure compliance with anti-corruption laws across all employees and directors[192]. - All employees are prohibited from offering or receiving any form of bribes or commissions under any circumstances[193]. - The company has implemented a reporting policy for misconduct, ensuring confidentiality and sensitivity to protect whistleblowers[196]. - The company strictly adheres to applicable laws and regulations regarding product/service liability in Hong Kong[186]. Customer Relations - The company maintains clear and continuous communication channels with customers, actively listening to feedback and responding promptly to complaints[185]. - Customer assets are safeguarded in independent accounts, with transactions conducted only upon customer consent or contractual obligations[187].
树熊金融集团(08226) - 2022 - 年度财报