Core Viewpoint - Jieli Trading Treasure (08017.HK) reported a significant increase in financial performance for the fiscal year ending March 31, 2025, with total revenue reaching HKD 1.297 billion, a year-on-year increase of 97%, and net profit soaring to HKD 623.5 million, a staggering 752% increase, indicating the company's rapid growth as a leader in the Hong Kong fintech ecosystem [1][5][12]. Financial Performance - Total revenue for the fiscal year was HKD 1.297 billion, marking a 97% year-on-year increase [1]. - Net profit reached HKD 623.5 million, reflecting a 752% year-on-year growth [1]. - The company’s revenue structure is divided into two main segments: licensed financial services (53% of total revenue) generating HKD 691.2 million, and SaaS + terminal services (47% of total revenue) generating HKD 605.8 million [5][8]. Business Segments - Licensed financial services saw a remarkable revenue increase of 1240%, amounting to HKD 589.8 million, primarily driven by underwriting and distribution activities [5][8]. - SaaS services experienced a steady growth of 44%, contributing to the overall revenue [5]. Market Position and Opportunities - The recovery of the Hong Kong securities market and increased IPO activity has created significant opportunities for participants like Jieli Trading Treasure [12]. - The company has positioned itself as a key player in the "selling shovels" segment of the market, leveraging its exclusive dark pool trading platform and AI data platform [12]. Valuation and Stock Performance - As of June 22, 2025, Jieli Trading Treasure's dynamic price-to-earnings (P/E) ratio was 6.76, significantly lower than its peers, indicating potential undervaluation [12][14]. - The company has initiated a second share buyback plan, aiming to repurchase up to 60 million shares, which reflects management's confidence in the company's growth potential [16]. Future Outlook - The management has indicated plans to transition from GEM to the main board, taking advantage of the simplified transfer mechanism introduced by the Hong Kong Stock Exchange [16]. - The company anticipates cumulative non-GAAP earnings to exceed HKD 800 million over the next three years, aligning with the financial requirements for the main board transition [16].
港股金融科技惊现“黑马”，捷利交易宝(08017.HK)净利暴增752%