Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 140,435,000, a decrease of 16.7% compared to HKD 168,761,000 in the same period of 2022[5] - Gross profit for the same period was HKD 79,252,000, down 10.4% from HKD 88,490,000 year-on-year[5] - The company reported a net profit of HKD 2,835,000 for the six months, a significant decline of 88.4% from HKD 24,355,000 in the previous year[5] - Total comprehensive loss for the period was HKD 2,679,000, compared to a loss of HKD 10,712,000 in the same period last year[8] - Basic and diluted earnings per share for the period were HKD 0.25 cents, down from HKD 2.1 cents in the same period last year[8] - The group's profit decreased from approximately HKD 24.4 million for the six months ended September 30, 2022, to approximately HKD 2.8 million for the six months ended September 30, 2023, representing a decrease of about 88.5%[70] - The group's revenue decreased from approximately HKD 168.8 million for the six months ended September 30, 2022, to approximately HKD 140.4 million for the six months ended September 30, 2023, representing a decrease of about 16.8%[70] Assets and Liabilities - Cash and cash equivalents at the end of the period increased to HKD 226,822,000 from HKD 47,964,000, reflecting a net increase of HKD 161,666,000[15] - The company’s non-current assets decreased to HKD 773,238,000 from HKD 818,679,000 as of March 31, 2023[10] - Current liabilities decreased to HKD 104,549,000 from HKD 137,100,000, indicating improved liquidity[13] - The company’s total assets as of March 31, 2023, were HKD 1,475,027,000, reflecting an increase from HKD 1,391,149,000 as of March 31, 2022[18] - The total value of financial assets measured at fair value through profit or loss was HKD 94,572,000 as of September 30, 2023, down from HKD 101,608,000 as of March 31, 2023, representing a decrease of approximately 6.9%[38] - The company’s total liabilities decreased from HKD 46,568,000 as of March 31, 2023, to HKD 42,966,000 as of September 30, 2023, reflecting a reduction of approximately 7.5%[36] Business Segments - The company has two operating segments: financial communication services and international roadshow coordination services, with no combined calculations for segments[25] - For the six months ended September 30, 2023, the total revenue was HKD 140,435,000, with a profit from the financial communication services segment of HKD 41,006,000[26] - The financial communication services segment reported revenue of approximately HKD 140.4 million for the six months ended September 30, 2023, a decrease of about 16.8% compared to HKD 168.8 million for the same period in 2022[72] - Profit for the financial communication services segment was approximately HKD 41.0 million, down 26.2% from HKD 55.6 million year-on-year, primarily due to a slow recovery in the IPO market post-pandemic[72] - The international roadshow services segment recorded no revenue for the six months ended September 30, 2023, consistent with the previous year, but incurred a loss of HKD 138,000 compared to a loss of HKD 5,000 in the prior period[73] Employee and Corporate Governance - The company incurred employee costs, including retirement benefit plan contributions, amounting to HKD (13,580,000) during the reporting period[26] - As of September 30, 2023, the group employed 261 full-time staff, with total employee costs (including directors' remuneration) amounting to approximately HKD 31.3 million for the six months ended[98] - Employee remuneration is generally reviewed annually, with bonuses determined based on performance and other relevant factors[98] - The board does not recommend the distribution of dividends for the six months ended September 30, 2023, consistent with the previous year[83] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and practices adopted by the group for the six months ended September 30, 2023[99] - The audit committee is chaired by Mr. Leung Tsz Wing, ensuring oversight of internal controls and financial reporting matters[99] Future Plans and Strategies - The company continues to focus on enhancing its operational efficiency and exploring new market opportunities to drive future growth[6] - The company plans to expand its online services, including the launch of "HaoTian Think Tank" and "HaoTian IDEAS Summit," which are expected to contribute to revenue growth[80] - The group aims to strengthen its business presence in mainland China by establishing professional teams in major cities such as Beijing, Shanghai, Shenzhen, and Chengdu[80] - The company is researching the integration of AI technology into its self-developed HaoTian Cloud App to enhance service levels and customer experience[81] Shareholder Information - Major shareholder Liu Tian Ni holds a total of 815,616,000 shares, representing 70.83% of the company's issued share capital as of September 30, 2023[51] - Sapphire Star Investments Limited, controlled by Liu Tian Ni, holds 750,000,000 shares, accounting for 65.14% of the company's issued share capital[56] - The issued and fully paid ordinary shares remained at 1,151,454,000 shares as of September 30, 2023, unchanged from March 31, 2023[50] Compliance and Conduct - All directors confirmed compliance with the standard code of conduct for securities transactions as of September 30, 2023[93] - The company has maintained the required public float as per listing rules throughout the year ending September 30, 2023[95] - The board believes that having the same individual serve as both Chairman and CEO provides stronger and more consistent leadership for the implementation of the group's business strategy[92]
皓天财经集团(01260) - 2024 - 中期财报