Financial Performance - For the six months ended September 30, 2023, the group recorded revenue of approximately HKD 32.4 million, an increase of 28.1% compared to the same period last year[4]. - The second quarter revenue was HKD 17.7 million, achieving a profit of approximately HKD 800,000, representing a nearly 50% growth compared to the second quarter of the previous year[4]. - The group experienced a net loss of approximately HKD 0.9 million for the period, significantly improved from a loss of HKD 9.4 million in the same period last year[5]. - Total revenue increased by approximately 28.1% from about HKD 25.3 million to approximately HKD 32.4 million for the six months ended September 30, 2023[14]. - The total comprehensive income for the six months ended September 30, 2023, was HKD 0.8 million, a significant improvement from a loss of HKD 9.4 million in 2022[52]. - Basic and diluted earnings per share for the six months ended September 30, 2023, were HKD 0.57, compared to a loss of HKD 6.54 in the same period of 2022[54]. - The group reported a pre-tax profit of HKD 0.7 million for the three months ended September 30, 2023, compared to a loss of HKD 5.7 million in the same period of 2022[52]. - The group reported segment revenue of HKD 32,413,000 for the six months ended September 30, 2023, representing a 28.3% increase from HKD 25,278,000 in the same period of 2022[77]. Revenue Breakdown - Revenue from financial advisory services was approximately HKD 20.8 million, accounting for about 64.2% of total revenue, compared to 50.6% in 2022[14]. - Compliance advisory revenue was approximately HKD 11.6 million, representing about 35.8% of total revenue, down from 48.2% in 2022[14]. - The financial advisory and independent financial advisory segments saw significant revenue growth, contributing HKD 8.8 million and HKD 12.0 million respectively[4]. Expenses and Costs - The largest expense was employee benefits, which slightly increased to approximately HKD 25.5 million from HKD 24.6 million in the previous year[5]. - Employee benefit costs slightly increased from approximately HKD 24.6 million to about HKD 25.5 million, primarily due to accrued bonuses of approximately HKD 0.655 million[22]. - The total employee benefit costs for the period amounted to HKD 25,485,000, an increase from HKD 24,626,000 in the previous year, reflecting a rise of approximately 3.5%[8]. Investment and Assets - The group’s cash and cash equivalents stood at HKD 65 million as of September 30, 2023[5]. - The group’s net asset value was HKD 80.4 million after deducting the final dividend of HKD 3.6 million for the fiscal year 2023[5]. - Non-current assets decreased to HKD 10.0 million as of September 30, 2023, from HKD 16.4 million as of March 31, 2023[56]. - Current assets totaled HKD 82.9 million as of September 30, 2023, slightly down from HKD 84.2 million as of March 31, 2023[56]. - The group's net asset value as of September 30, 2023, was HKD 80.4 million, down from HKD 84.9 million as of March 31, 2023[58]. Losses and Improvements - The group reported a decrease in lease liabilities to HKD 7.0 million as of September 30, 2023, from HKD 10.4 million as of March 31, 2023[58]. - The group incurred a pre-tax loss of approximately HKD 979,000 for the six months ended September 30, 2023, significantly improved from a pre-tax loss of HKD 9,470,000 in the same period of 2022[77]. - The company reported a loss attributable to shareholders of HKD 839,000, compared to a loss of HKD 9,313,000 for the same period in 2022, representing a significant improvement[91]. - The company’s total comprehensive loss for the period was HKD 898,000, compared to a total comprehensive loss of HKD 9,419,000 in the same period last year, indicating a significant reduction in losses[60]. Shareholder Information - As of September 30, 2023, Sabine Martin Nevil holds 84,846,190 shares, representing 59.25% of the company's issued shares[138]. - Major shareholder New Baili Group Limited owns 84,846,190 shares, accounting for 59.25% of the company's total issued shares[145]. - The total number of shares held by major shareholders and their spouses indicates significant control over the company, with combined holdings exceeding 61%[145]. - The company has not disclosed any additional interests or short positions held by directors or key executives as of September 30, 2023[144]. Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules, ensuring high standards of governance practices[131]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's unaudited consolidated financial statements for the period and found no significant issues[161]. - The board of directors remains unchanged, with the appointment of Mr. Zhuang Disheng as an independent non-executive director of another company on September 1, 2023[164].
新百利融资(08439) - 2024 - 中期财报