Financial Performance - The company reported a revenue of HKD 168,244,000 for the six months ended September 30, 2023, a decrease of 3.7% compared to HKD 174,870,000 in the same period last year[16]. - The pre-tax profit was HKD 102,614,000, representing an increase of 19.6% from HKD 85,754,000 in the previous year[17]. - The net profit for the period was HKD 85,957,000, up 19.8% from HKD 71,731,000 year-on-year[17]. - The company reported a total comprehensive income of HKD 85,983,000, compared to HKD 71,840,000 in the previous year, reflecting a growth of 19.7%[17]. - The basic and diluted earnings per share increased to HKD 3.4 from HKD 2.9, marking a rise of 17.2%[17]. - The group reported segment revenue of HKD 168,244,000, with brokerage contributing HKD 66,125,000 and securities margin financing contributing HKD 100,617,000[31]. - The pre-tax profit for the period was HKD 102,614,000, after accounting for net other income and expenses of HKD 9,103,000 and corporate expenses of HKD 2,375,000[31]. - The company's profit attributable to owners for the six months ended September 30, 2023, was approximately HKD 86 million, an increase from HKD 71.7 million in 2022, primarily due to gains from the sale of properties and a decrease in impairment losses on receivables[76]. - Earnings per share increased to HKD 0.034 for the period, compared to HKD 0.029 in 2022[99]. Assets and Liabilities - The total assets as of September 30, 2023, were HKD 4,349,030,000, slightly up from HKD 4,338,042,000 as of March 31, 2023[21]. - The total assets of the group as of September 30, 2023, amounted to HKD 4,702,241,000, with total liabilities of HKD 364,319,000[33]. - The company’s total liabilities decreased to HKD 333,713,000 from HKD 364,199,000, a reduction of 8.4%[21]. - The total liabilities of the group were HKD 333,838,000, with the financing segment's liabilities at HKD 170,046,000[55]. - The group's net current assets were HKD 4.296 billion as of September 30, 2023, compared to HKD 4.281 billion as of March 31, 2023, with a liquidity ratio of 13.87 times[105]. Cash Flow and Investments - Cash generated from operating activities was HKD 233,471,000, compared to HKD 191,117,000 in the previous year[47]. - The group’s net cash and cash equivalents at the end of the period were HKD 2,399,097,000, up from HKD 1,565,605,000 year-on-year[47]. - The group’s investment activities generated a net cash inflow of HKD 9,190,000, a decrease from HKD 227,284,000 in the previous year[47]. - Cash and cash equivalents reached HKD 2.399 billion, an increase from HKD 2.235 billion as of March 31, 2023, primarily due to cash inflows from receivables[105]. Dividends - The company maintained a dividend of HKD 150,000,000, consistent with the previous year[17]. - The group declared a final dividend of HKD 0.03 per share, paid to shareholders on September 7, 2023[37]. - The company declared an interim dividend of HKD 75,000,000, maintaining the same level as the previous year[58]. - The interim dividend declared is HKD 0.03 per share, to be paid on or around December 28, 2023[74]. Risk Management - The company’s risk management policies are stringent, particularly concerning financial risks such as credit risk and interest rate risk[69]. - The company maintains a close monitoring of cash flow interest rate risks, with no current interest rate hedging policy in place[88]. - The company did not face any significant foreign exchange risks as most transactions were denominated in HKD[130]. Corporate Governance - The company adhered to the principles of the corporate governance code as set out in the listing rules during the reporting period[158]. - All directors confirmed full compliance with the standards set out in the "Standard Code" during the review period[160]. - The executive directors include Mr. Chan Kin Wai (Managing Director) and Mr. Hung Sui Kwan (Chief Executive Officer) as of the report date[161]. Market Conditions - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index closing at 17,809 points at the end of September 2023, down from 20,400 points at the end of March 2023[101]. - Average daily trading volume on the main board and GEM was approximately HKD 100.6 billion, a decrease of 11.3% from approximately HKD 113.4 billion in the previous fiscal period[101]. Shareholder Information - Honeylink holds 6,330,561,872 shares of the company, representing 65.51% of the issued share capital[151]. - The company did not purchase, redeem, or sell any of its listed shares during the period ending September 30, 2023[157]. - The company has a stock option plan allowing for the issuance of up to 250 million shares, representing 10% of the issued shares, aimed at attracting and retaining talent[139].
结好金融(01469) - 2024 - 中期财报