Workflow
首都金融控股(08239) - 2023 - 中期财报
CAPITAL FINCAPITAL FIN(HK:08239)2023-08-14 08:33

Financial Performance - Total revenue for the six months ended June 30, 2023, was HKD 21,466,000, a decrease of 12.6% compared to HKD 24,558,000 for the same period in 2022[4]. - The net profit for the three months ended June 30, 2023, was HKD 4,973,000, compared to a profit of HKD 899,000 for the same period in 2022, representing a significant increase[5]. - The company reported a total comprehensive loss of HKD 9,138,000 for the three months ended June 30, 2023, compared to a loss of HKD 16,086,000 for the same period in 2022[5]. - The company reported a profit attributable to shareholders of approximately HKD 2,822,000, a turnaround from a loss of HKD 28,893,000 in the previous year[70]. - The company recorded a significant increase in other income and net gains of approximately HKD 4,485,000, up by about HKD 3,878,000 from HKD 607,000 in the previous year[68]. Assets and Liabilities - Total assets as of June 30, 2023, were HKD 220,569,000, down from HKD 255,487,000 as of December 31, 2022, indicating a decrease of 13.6%[7]. - The company's cash and cash equivalents decreased to HKD 78,503,000 from HKD 105,158,000, reflecting a decline of 25.4%[7]. - The total amount of customer loans as of June 30, 2023, was HKD 238,231,000, a decrease of 7.9% from HKD 258,619,000 at the end of 2022[41]. - The company's other debts amounted to approximately HKD 135,880,000, down from approximately HKD 174,987,000 as of December 31, 2022[78]. - The company reported a decrease in current liabilities from HKD 50,588,000 at the end of 2022 to HKD 30,233,000 as of June 30, 2023[61]. Cash Flow - For the six months ended June 30, 2023, the net cash generated from operating activities was HKD 9,939,000, a decrease of 13.7% from HKD 11,511,000 in the same period of 2022[11]. - The net cash used in financing activities for the six months ended June 30, 2023, was HKD 35,508,000, compared to HKD 8,512,000 in the same period of 2022, indicating a significant increase in cash outflow[11]. - The cash generated from investing activities for the six months ended June 30, 2023, was HKD 2,375,000, a decrease of 80.2% from HKD 11,948,000 in the same period of 2022[11]. Credit Loss and Provisions - The expected credit loss provision for the six months ended June 30, 2023, was HKD 7,452,000, compared to a reversal of HKD 7,380,000 for the same period in 2022[4]. - As of June 30, 2023, the expected credit loss provision for customer loans was HKD 97,812,000, down from HKD 109,964,000 at the end of 2022, representing a decrease of approximately 11%[45]. - The expected credit loss provision accounted for about 41.1% of the total outstanding customer loans as of June 30, 2023, compared to 42.5% as of December 31, 2022[45]. Share Capital and Equity - The company's total issued share capital increased to HKD 782,000 from HKD 58,091,000 at the beginning of the year[8]. - The company issued new shares during the period, raising HKD 4,119,000 through a placement[8]. - The total number of issued shares increased to 100,000,000,000 with a par value of HKD 0.01 per share as of June 30, 2023[62]. - The company confirmed the transfer of approximately HKD 4,141,000 from the convertible bond reserve to accumulated losses[53]. Expenses and Costs - The financial costs for the six months ended June 30, 2023, were HKD 8,631,000, down from HKD 14,505,000 for the same period in 2022, indicating a reduction of 40.5%[4]. - Employee costs (excluding directors' remuneration) for the six months ended June 30, 2023, were HKD 7,081,000, a decrease of 9.3% compared to HKD 7,810,000 in the same period of 2022[24]. - Administrative and other expenses decreased by approximately HKD 2,801,000 to about HKD 15,122,000, down from HKD 17,923,000 in the previous year[69]. Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements, confirming compliance with applicable accounting standards and GEM listing rules[112]. - The company is committed to improving corporate governance practices and has adhered to the GEM listing rules, with some deviations noted[110]. - The company has adopted a standard code of conduct for directors regarding securities trading, ensuring compliance during the interim period[105]. Future Outlook and Strategy - The company aims to maintain market competitiveness and seek long-term business development and profit growth opportunities amid ongoing economic challenges[72]. - The company plans to adopt flexible marketing strategies to remain competitive in the short-term financing business and explore new opportunities to diversify revenue sources[72]. - The company anticipates positive impacts on its business due to the relaxation of COVID-19 restrictions and the reopening of borders in early 2023[72].