Financial Performance - For the six months ended June 30, 2023, total revenue was HKD 30,645,970, a decrease of 11.4% compared to HKD 34,557,405 for the same period in 2022[18]. - The company reported a net loss of HKD 3,946,062 for the six months ended June 30, 2023, compared to a net loss of HKD 4,782,646 for the same period in 2022, indicating an improvement[18]. - For the six months ended June 30, 2023, the company's revenue was approximately HKD 27.58 million, a decrease of about 22.4% compared to HKD 35.54 million for the same period in 2022, primarily due to reduced income from securities and futures brokerage services, commission services, and financing services[44]. - The net loss for the six months ended June 30, 2023, was approximately HKD 3.95 million, a decrease of about 17.5% from a loss of HKD 4.78 million for the same period in 2022, mainly due to a reduction in expected credit loss provisions[45]. - The total comprehensive loss for the three months ended June 30, 2023, was HKD (3,409,059), compared to HKD (7,396,772) for the same period in 2022[39]. - The company reported a loss of HKD 1,927,960 for the six months ended June 30, 2023, compared to a loss of HKD 4,953,939 in the same period of 2022, showing an improvement of about 61%[110]. - The company reported a loss attributable to equity holders of HKD 2,227,344 for the six months ended June 30, 2023, compared to a loss of HKD 2,969,792 in the same period of 2022[123]. Revenue Breakdown - Customer contract revenue for the three months ended June 30, 2023, was HKD 7,468,680, up 47.2% from HKD 5,074,894 in the same period of 2022[18]. - Total revenue for the six months ended June 30, 2023, was HKD 27,575,795, a decrease from HKD 35,536,821 for the same period in 2022, representing a decline of approximately 22.3%[102]. - Client contract revenue for the six months ended June 30, 2023, was HKD 15,491,122, down from HKD 22,884,578 in the previous year, indicating a decrease of about 32.5%[102]. - Interest income from clients for the six months ended June 30, 2023, was HKD 10,819,207, compared to HKD 14,341,567 for the same period in 2022, reflecting a decline of approximately 24.5%[102]. - The total revenue from asset management fees for the six months ended June 30, 2023, was HKD 3,377,184, slightly up from HKD 3,355,596 in the same period of 2022[114]. - The total financing service revenue was HKD 10,819,207 for the six months ended June 30, 2023, compared to HKD 12,543,574 for the same period in 2022, reflecting a decrease of about 13.8%[102]. Cash and Liquidity - The company’s cash and cash equivalents as of June 30, 2023, were HKD 20,662,979, a decrease of 24.5% from HKD 27,373,963 at the end of 2022[14]. - Net cash generated from operating activities for the six months ended June 30, 2023, was HKD 25,050,071, a decrease of 76.0% compared to HKD 104,205,191 for the same period in 2022[51]. - The company reported a net cash outflow from financing activities of HKD 33,806,632, an improvement from HKD 75,736,942 in the previous year[51]. - The company received dividends of HKD 58,935, slightly up from HKD 58,414 in the same period last year[51]. - The company paid dividends totaling HKD 2,227,344, a decrease of 25.0% compared to HKD 2,969,792 in the prior period[51]. Assets and Liabilities - Total current liabilities decreased to HKD 133,692,174 as of June 30, 2023, from HKD 164,280,031 at the end of 2022, reflecting a reduction of 18.6%[22]. - The total assets less current liabilities as of June 30, 2023, were HKD 192,943,114, down from HKD 201,140,632 at the end of 2022[22]. - The company’s total current assets amounted to HKD 251,846,688, down from HKD 290,626,816 in the previous year[40]. - The total non-current liabilities decreased to HKD 9,441,418 from HKD 12,176,805 year-on-year[37]. - The company’s total liabilities decreased to HKD 32,292,000 from HKD 36,000,000 year-on-year[49]. - The company’s total assets as of June 30, 2023, were primarily located in Hong Kong, reflecting its focus on the local market[101]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.80 per share for the six months ended June 30, 2023, down from HKD 1.00 per share for the same period in 2022[45]. - The total equity attributable to the owners of the parent company was HKD 183,334,957, compared to HKD 188,913,849 in the previous year[42]. - Total equity as of June 30, 2023, was HKD 188,963,827, reflecting a decrease of 2.0% from HKD 193,909,889 in the prior period[56]. Regulatory and Compliance - The company has received approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services through its subsidiary, including direct trading and promotion of private funds related to virtual assets[72]. - The subsidiary has been granted permission to manage investment portfolios in virtual assets, subject to compliance with specific regulatory standards[72]. - The company is currently reassessing its accounting policy disclosures to ensure compliance with recent amendments to the Hong Kong Financial Reporting Standards[78]. - The group has applied the revised Hong Kong Financial Reporting Standards (HKFRS) effective from January 1, 2023, which are expected to have no significant impact on the financial statements[83]. Operational Segments - The company has established five reportable operating segments, including securities/futures brokerage services and financing services, to facilitate management and performance evaluation[80]. - The company’s financing services segment provides financing to margin and cash clients, contributing to its overall performance evaluation[80]. Asset Management and Investments - The group holds a 30% stake in Nest Asset Management Pte. Ltd. based in Singapore, which provides asset management services[182]. - The investment in joint ventures and associates amounts to HKD 4,229,940,000 as of June 30, 2023, up from HKD 2,159,940,000 on December 31, 2022[190]. - The group’s share of net assets in associates was HKD 457,602 as of June 30, 2023, compared to HKD 554,163 as of December 31, 2022[181]. Property and Equipment - The total value of property, plant, and equipment was reported at HKD 67,688,311 as of June 30, 2023, compared to HKD 55,644,764 in the previous year, showing an increase in asset value[137]. - The fair value of investment properties as of June 30, 2023, was HKD 10,400,000, unchanged from December 31, 2022, despite a net loss of HKD 500,000 in fair value adjustments for the previous year[145]. - The estimated price per square foot for properties decreased from HKD 18,227 on December 31, 2022, to HKD 17,958 on June 30, 2023, reflecting a decline in property values[141].
胜利证券(08540) - 2023 - 中期财报