Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 3,241,000, a decrease of 19.2% compared to HKD 4,013,000 for the same period in 2021[9] - The net loss for the six months ended June 30, 2022, was HKD 6,022,000, compared to a net loss of HKD 10,650,000 for the same period in 2021, representing a 43.5% improvement[9] - The company reported a total comprehensive loss of HKD (6,022,000) for the six months ended June 30, 2022, compared to a loss of HKD (10,650,000) for the same period in 2021, showing an improvement of approximately 43.5%[20] - The company reported a significant improvement in overall profitability, with a profit of HKD 1,199,000 for the six months ended June 30, 2022, compared to a loss of HKD 2,532,000 in the same period of the previous year[35] - The company incurred a pre-tax loss of HKD 6,956,000 for the six months ended June 30, 2022, an improvement from a pre-tax loss of HKD 12,258,000 in the same period of the previous year[35] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 8,340,000 as of June 30, 2022, from HKD 5,637,000 as of December 31, 2021, reflecting a 47.7% increase[12] - Cash used in operating activities for the six months ended June 30, 2022, was HKD (35,554,000), a significant increase from HKD (8,904,000) for the same period in 2021, representing a deterioration of approximately 299.5%[22] - The net cash generated from financing activities was HKD 38,481,000 for the six months ended June 30, 2022, compared to a cash outflow of HKD (1,443,000) in the same period of 2021[22] - As of June 30, 2022, the company's cash and cash equivalents amounted to HKD 8,340,000, an increase from HKD 5,637,000 as of December 31, 2021[58] Assets and Liabilities - Total assets less current liabilities amounted to HKD 57,616,000 as of June 30, 2022, compared to HKD 24,532,000 as of December 31, 2021, indicating a significant improvement in financial position[12] - The company’s total liabilities increased to HKD 52,154,000 as of June 30, 2022, from HKD 13,048,000 as of December 31, 2021, indicating a significant rise in financial obligations[12] - As of June 30, 2022, total equity decreased to HKD 5,462,000 from HKD 11,484,000 as of December 31, 2021, reflecting a decline of approximately 52.3%[13] - The accumulated losses increased to HKD 67,748,000 as of June 30, 2022, compared to HKD 61,726,000 as of December 31, 2021, indicating a rise of about 9.8%[13] Revenue Segments - Total revenue for the brokerage and margin financing segment was HKD 2,109,000 for the six months ended June 30, 2022, while the debt issuance segment generated HKD 1,132,000, leading to a total of HKD 3,241,000[31] - The company’s total revenue from brokerage commissions for the six months ended June 30, 2022, was HKD 3,241,000, a decrease from HKD 4,013,000 in the previous year[42] - Interest income from margin financing for the six months ended June 30, 2022, was HKD 224,000, compared to HKD 52,000 in the previous year, indicating a substantial increase[42] - Interest income from the newly established lending business amounted to approximately HKD 1,100,000, accounting for about 34.9% of the total revenue for the period[82] Expenses - The company reported a decrease in operating and administrative expenses to HKD 6,423,000 for the six months ended June 30, 2022, down from HKD 11,190,000 in the same period of 2021, a reduction of 42.5%[9] - The company’s total operating and administrative expenses for the six months ended June 30, 2022, were HKD 5,193,000, down from HKD 6,124,000 in the previous year[35] - Other operating and administrative expenses decreased to approximately HKD 6,400,000, primarily due to a reduction in marketing expenses by HKD 3,000,000 following the cessation of most marketing activities in China[85] Shareholder Information - The major shareholders, including Mr. Pan Guohua and Mr. Chen Yingliang, collectively hold approximately 69.94% of the company's issued share capital[104] - The total number of issued shares as of the report date is 800,000,000 shares[112] - The controlling shareholders collectively own 69.94% of the issued share capital of the company[112] Compliance and Governance - The audit committee has reviewed the unaudited results for the six months ended June 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[126]
立桥证券控股(08350) - 2022 - 中期财报