Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 30,721,000, representing a 35.5% increase compared to HKD 22,639,000 for the same period in 2022[11] - The net profit attributable to owners for the six months ended September 30, 2023, was HKD 2,029,000, a slight increase from HKD 1,985,000 in the same period last year, reflecting a 2.2% growth[11] - Basic and diluted earnings per share for the six months ended September 30, 2023, were HKD 0.25, unchanged from the previous year[11] - Total comprehensive income for the three months ended September 30, 2023, was HKD 1,553,000, compared to HKD 2,122,000 for the same period in 2022, indicating a decrease of 26.8%[11] - The company reported a profit of HKD 2,029 thousand for the six months ended September 30, 2023, compared to HKD 1,985 thousand for the same period in 2022, indicating a growth of approximately 2.2%[14] - The company reported a pre-tax profit of HKD 1,000,000 for the six months ended September 30, 2023, compared to HKD 800,000 in the same period of 2022, indicating a growth of 25%[29] Expenses and Costs - Employee costs for the six months ended September 30, 2023, increased to HKD 19,409,000 from HKD 13,419,000 in the previous year, marking a 44.7% rise[11] - The total operating expenses for the six months ended September 30, 2023, were HKD 8,739,000, compared to HKD 7,567,000 in the previous year, indicating a 15.4% increase[11] - Other operating expenses increased by approximately 14.5% to HKD 8.7 million from HKD 7.6 million, driven by higher settlement, error, and marketing expenses[60] - The company reported a financing cost of HKD 83,000 for the six months ended September 30, 2023, compared to HKD 68,000 in the previous year, which is a 22.1% increase[11] Assets and Liabilities - As of September 30, 2023, the company's total assets amounted to HKD 93,407 thousand, a decrease from HKD 94,024 thousand as of March 31, 2023, reflecting a decline of approximately 0.65%[13] - The company's cash and cash equivalents increased to HKD 60,210 thousand from HKD 54,624 thousand, representing an increase of about 10.3%[16] - The total equity increased to HKD 85,742 thousand as of September 30, 2023, up from HKD 83,713 thousand as of March 31, 2023, marking an increase of about 2.4%[13] - Trade receivables decreased to HKD 10,314 thousand from HKD 14,840 thousand, a reduction of approximately 30.5%[13] - The company’s current liabilities decreased to HKD 6,980 thousand from HKD 8,823 thousand, reflecting a decrease of about 20.9%[13] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2023, was HKD 5,929 thousand, a significant improvement compared to a net cash used of HKD 1,100 thousand in the same period of 2022[16] - Cash and bank balances were approximately HKD 60.2 million as of September 30, 2023, compared to HKD 54.6 million as of March 31, 2023[64] Share and Equity Management - The company has not issued any shares under the share award scheme during the six months ended September 30, 2023, compared to 8,400,000 shares issued in the same period of 2022[14] - The company has a share option scheme in place since July 30, 2018, allowing for the granting of options not exceeding 10% of the issued shares at any time[43] - The total number of shares awarded under the share award plan is 88,000,000, with a total fair value of approximately HKD 5,984,000[50] - The company has no unvested award shares as of September 30, 2023, indicating effective management of the share award scheme[94] Corporate Governance - The company is committed to maintaining compliance with the GEM listing rules and ensuring the accuracy of its financial reporting[9] - The company has complied with the corporate governance code as of September 30, 2023, indicating a commitment to high standards of corporate governance[89] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2023[96] - All directors have confirmed compliance with the trading standards set out in the GEM Listing Rules for the six months ending September 30, 2023, with no irregularities reported[90] Market and Business Strategy - The company has not provided specific guidance for future performance but continues to focus on market expansion and new product development strategies[11] - The company focused on providing brokerage services, with all assets located in Hong Kong and all major revenues sourced from the same region[25] - Revenue from the Hong Kong Stock Exchange accounted for 92.1% of total revenue, amounting to HKD 28.3 million, up from 89.8% or HKD 20.3 million in the previous year[57] Employee and Management - The total remuneration for key management personnel for the six months ended September 30, 2023, was HKD 10,361,000, compared to HKD 7,057,000 for the same period in 2022, reflecting a 46.5% increase[54] - The total number of employees increased from 25 to 27 as of September 30, 2023[78] Other Information - The company did not recognize any government grants during the six months ended September 30, 2023, compared to HKD 454 thousand recognized in the same period of 2022[16] - The company received a government subsidy of HKD 454,000 under the "Employment Support" scheme for the six months ended September 30, 2022, which was not applicable in 2023[27] - The company did not purchase, sell, or redeem any of its listed securities during the six months ended September 30, 2023[87] - The company believes that foreign exchange risk has a minimal impact on its operations[76]
衍汇亚洲(08210) - 2024 - 中期财报