As of September 30, 2024, for the six months ended, kingkey fin int recorded revenue of approximately HKD 140,000,000, a decrease of about 47% compared to the same period last year. Gross profit remained at HKD 35,527,000, similar to the same period last year. Profit for the period was HKD 2,378,000, a significant decrease from HKD 66,465,000 in the same period last year. The revenue from securities and asset management businesses was HKD 10,000,000 and HKD 2,900,000, respectively, both showing a decrease compared to the same period last year. Despite the decline in revenue, the securities business segment reported a profit of approximately HKD 37,500,000, an increase of about HKD 23,300,000 compared to the same period last year, mainly due to a non-cash reversal of approximately HKD 29,700,000 in provisions for...Show More

As of September 30, 2024, for the six months ended, kingkey fin int recorded revenue of approximately HKD 140,000,000, a decrease of about 47% compared to the same period last year. Gross profit remained at HKD 35,527,000, similar to the same period last year. Profit for the period was HKD 2,378,000, a significant decrease from HKD 66,465,000 in the same period last year. The revenue from securities and asset management businesses was HKD 10,000,000 and HKD 2,900,000, respectively, both showing a decrease compared to the same period last year. Despite the decline in revenue, the securities business segment reported a profit of approximately HKD 37,500,000, an increase of about HKD 23,300,000 compared to the same period last year, mainly due to a non-cash reversal of approximately HKD 29,700,000 in provisions for margin loans. The insurance brokerage revenue dipped slightly to HKD 52,300,000, but the segment turned a profit, reporting about HKD 2,600,000.\nManagement pointed out that the positive trend in the Hong Kong market and the group's advantage of multiple financial service licenses resulted in relatively stable performance. Due to geopolitical tensions and rising interest rates, investor sentiment remains cautious, but the Hong Kong financial industry demonstrates resilience. The group plans to strengthen its securities and asset management businesses while gradually reallocating resources from the fur and membership activities. Revenue from lending business increased to HKD 13,500,000, indicating a strong demand for borrowing.\nLooking ahead, despite the uncertainty in the global economy, positive signals from the Hong Kong and china economies present business development opportunities. The group will closely monitor the global economy, assess its impact on financial conditions, and strive to identify potential business opportunities. Management will continue to evaluate the external environment and the development of the business portfolio, adjusting strategy as necessary to ensure the long-term sustainable development of the enterprise.