Revenue Performance - For the three months ended September 30, 2023, total revenue was HK$4,748,000, a significant increase from HK$1,821,000 in the same period of 2022, representing a growth of 160.5%[10]. - For the six months ended September 30, 2023, total revenue reached HK$10,262,000, compared to HK$3,413,000 in the corresponding period of 2022, marking an increase of 200.1%[10]. - Supply chain financing revenue for the six months was HK$3,233,000, significantly higher than HK$283,000 in the same period of 2022, an increase of 1,043.5%[10]. - Interest income from margin financing services rose to HK$2,874,000 for the three months ended September 30, 2023, compared to HK$741,000 in the same period of 2022, reflecting a growth of 287%[46]. - Supply chain financing revenue increased to HK$1,416,000 for the three months ended September 30, 2023, up from HK$250,000 in the same period of 2022, marking a growth of 466%[46]. - Interest income from loan financing for the six months was HK$6,154,000, up from HK$2,291,000 in 2022, reflecting an increase of 168.5%[10]. - Interest income and service fees from supply chain financing increased by approximately 1,042.4%, from HK$283,000 to HK$3,233,000, attributed to the new business segment[142]. Loss and Financial Performance - The loss before tax for the three months ended September 30, 2023, was HK$3,545,000, slightly improved from a loss of HK$3,893,000 in the same period of 2022[12]. - The loss per share for the three months was HK$0.18, compared to HK$0.19 in the previous year, indicating a marginal improvement[12]. - The total comprehensive loss for the six months was HK$2,673,000, reduced from HK$7,789,000 in the same period of 2022, a decrease of 65.7%[12]. - The company reported a net investment income of (HK$222,000) for the six months ended September 30, 2023, compared to no income in the same period of 2022[46]. - The loss attributable to owners of the Company for the three months ended 30 September 2023 was HK$3,536,000, compared to a loss of HK$3,893,000 for the same period in 2022, representing a decrease of 9.2%[63]. - For the six months ended 30 September 2023, the loss attributable to owners was HK$2,663,000, down from HK$7,789,000 in the same period of 2022, indicating a significant improvement of 65.8%[63]. - The loss for the period was approximately HK$2,673,000, a significant improvement from a loss of approximately HK$7,789,000 in the corresponding period, primarily due to an unrealised fair value change of a financial asset[144][147]. Assets and Liabilities - Total non-current assets decreased from HK$8,674,000 as of March 31, 2023, to HK$6,751,000 as of September 30, 2023, representing a decline of approximately 22%[15]. - Current assets decreased slightly from HK$188,481,000 as of March 31, 2023, to HK$181,758,000 as of September 30, 2023, a reduction of about 3.8%[15]. - Net current assets remained relatively stable, decreasing from HK$135,396,000 to HK$134,646,000, a change of only 0.6%[18]. - Total current liabilities decreased from HK$53,085,000 to HK$47,112,000, reflecting a reduction of approximately 11.2%[18]. - Net assets decreased from HK$143,805,000 as of March 31, 2023, to HK$141,132,000 as of September 30, 2023, a decline of approximately 1.9%[18]. - The company reported a net cash outflow from operating activities of HK$20,469,000 for the six months ended September 30, 2023, compared to HK$11,936,000 for the same period in 2022, indicating a worsening cash flow situation[23]. - Cash and cash equivalents decreased from HK$36,617,000 at the beginning of the period to HK$14,423,000 at the end, a decline of approximately 60.6%[23]. Shareholder Information - As of September 30, 2023, Mr. Fok Yuk Tong and Ms. Hsieh Ching Chun each hold a beneficial interest in 1,199,640,000 shares, representing 59.98% of the company's total shareholding[192]. - Mega Wise Group Limited, Dr. Lee Chun Pong Bruce, and Ms. Chow Nim Pui each hold a beneficial interest in 300,000,000 shares, accounting for 15.00% of the total shareholding[196]. - The issued share capital of the company is beneficially owned 30% by Mr. Fok and 70% by Ms. Hsieh[192]. - The total number of shares held by substantial shareholders is 2,099,640,000, which constitutes 74.98% of the total shareholding[196]. - The company has complied with the GEM Listing Rules regarding the disclosure of substantial shareholders[194]. Business Operations and Future Plans - The company provides seven types of services, including securities dealing and brokerage, placing and underwriting, financing, asset management, supply chain financing, advisory services, and other services[43][44]. - The Group is in the process of switching to a new business support system, which is expected to enhance customer experience with lower running costs and additional trading capabilities, including foreign stock and virtual asset trading[115]. - The Group is negotiating with potential customers for placing activities and expects to secure more roles in the placing and underwriting business, which should improve financial performance[118]. - The Group is targeting to provide trust services to high net worth clients and is in the final stage of obtaining a trust license, with an innovative online service platform expected to be completed by the end of 2023[125]. - The Group plans to develop less capital-demanding businesses such as advisory and consulting services, with a project expected to close in Q3 2023[129]. Compliance and Governance - The board of Directors confirmed that the information in the report is accurate and complete in all material respects, ensuring transparency for investors[5]. - The financial statements are presented in Hong Kong dollars (HK$), with all values rounded to the nearest thousands (HK$'000) unless otherwise stated[31][34]. - The Group's financial results are prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and applicable GEM Listing Rules[32][35]. - The company has adopted new accounting standards effective from April 1, 2023, which did not have a material financial effect on the interim results[36][39]. - The Group's policy for impairment allowance is based on the evaluation of collectability and management's judgment regarding creditworthiness and collateral[87].
PF GROUP(08221) - 2024 - 中期财报