霭华押业信贷2023中期报告

Oi Wah Pawnshop Credit Holdings Limited(Incorporated in the Cayman Islands with limited liability)Stock Code: 01319 CONTENTS 2Company Information5Financial Highlights7Management Discussion and Analysis22Review report to the board of directors25Consolidated Statement of Comprehensive Income26Consolidated Statement of Financial Position28Consolidated Statement of Changes in Equity29Condensed Consolidated Cash Flow Statement31Notes to the Unaudited Interim Financial Report73Other Information COMPANY INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Chan Chart ManMr. Chan Kai Ho Edward(Chairman and ChiefExecutive Officer)Ms. Chan Mei FongMs. Chan Ying Yu Non-executive Director Mr. Chan Kai Kow MacksionMr. Ng Siu Hong Independent Non-executive Directors Dr. Leung Shiu Ki AlbertDr. Yip NgaiMr. Lam On Tai BOARD COMMITTEES Audit Committee Dr. Yip Ngai(Chairman)Dr. Leung Shiu Ki AlbertMr. Lam On Tai Remuneration Committee Mr. Lam On Tai(Chairman)Mr. Chan Kai Ho EdwardDr. Leung Shiu Ki Albert Nomination Committee Dr. Leung Shiu Ki Albert(Chairman)Mr. Chan Kai Ho EdwardMr. Lam On Tai HKICPA COMPANY SECRETARY Mr. Cheng Yiu Hang HKICPA AUTHORISED REPRESENTATIVES Mr. Chan Kai Ho EdwardMs. Chan Ying Yu REGISTERED OFFICE Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman, KY1-1108Cayman Islands Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman, KY1-1108Cayman Islands H E A D Q U A R T E R SA N DPRINCIPAL PLACE OF BUSINESSIN HONG KONG 62302–2303 Rooms 2302–2303Kwan Chart TowerNo. 6 Tonnochy Road, WanchaiHong Kong 01319 STOCK CODE COMPANY INFORMATION CAYMAN ISLANDS SHAREREGISTRAR AND TRANSFEROFFICE Ocorian Trust (Cayman) Ltd.Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands OcorianTrust (Cayman) Ltd.Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands HONG KONG SHARE REGISTRAR 14821 2103B Boardroom Share Registrars (HK) Limited2103B, 21/F, 148 Electric RoadNorth PointHong Kong AUDITOR SHINEWING (HK) CPA LimitedRegistered Public Interest Entity Auditor LEGAL ADVISERS As to Hong Kong law:P. C. Woo & Co. Appleby As to Cayman Islands law:Appleby PRINCIPAL BANKERS CMB Wing Lung Bank LimitedThe Bank of East Asia, LimitedFubon Bank (Hong Kong) LimitedO-Bank Co., Ltd., Hong Kong Branch COMPANY WEBSITE www.pawnshop.com.hk www.pawnshop.com.hk FINANCIAL HIGHLIGHTS FINANCIAL PERFORMANCE •10.0%90,200,000•12.5%49,600,000•1.255.0%•2.6•10.8%1,027,800,000 •Revenue increased by 10.0% to approximatelyHK$90.2 million•Profit attributable to the equity shareholdersincreased by 12.5% to approximately HK$49.6million•Net profit margin increased by 1.2 percentagepoints to 55.0%•Basic earnings per share is HK2.6cents•T h e p r i n c i p a l o f g r o s s l o a n r e c e i v a b l e si n c r e a s e db y 1 0 . 8 %t o a p p r o x i m a t e l yHK$1,027.8 million BUSINESS PERFORMANCE •16.1%402,000,000•24.6%282,700,000•0.637.7%•0.811.4%•55.0% •Total amount of new pawn loans grantedd e c r e a s e db y 1 6 . 1 %t o a p p r o x i m a t e l yHK$402.0 million•Total amount of new mortgage loans grantedd e c r e a s e db y 2 4 . 6 %t o a p p r o x i m a t e l yHK$282.7 million•Net interest margin for pawn loan increasedby 0.6 percentage points to 37.7%•N e t i n t e r e s t m a r g i n f o r m o r t g a g e l o a nincreased by 0.8 percentage points to 11.4%•The average LTV ratio of our mortgage loanportfolio maintained at around 55.0% MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW Oi Wah Pawnshop Credit Holdings Limited(the “Company” or “our Company”), andits subsidiaries (together with the Companyare collectively referred to as the “Group”)is a financing service provider in Hong Kongoperating under the brand name of “Oi Wah”,principallyengaging in providing securedfinancing, including mortgage loans and pawnloans. MORTGAGE LOAN BUSINESS 45,300,0004,700,0001 0 . 4 %50,000,0005 5 . 4 %849,100,000282,700,0000.8%1 1 . 4 %10.6%52 For the six months ended 31 August 2023(“FP2024”or“the period”),the interestincome of the mortgage loan business of theGroupincreased by approximately HK$4.7million or 10.4% from approximately HK$45.3million for the six months ended 31 August2022 (“FP2023”) to approximately HK$50.0millionin FP2024,which accounted forapproximately 55.4% of the Group ’s totalrevenue. The gross mortgage loan receivablewas approximately HK$849.1 million as at 31August 2023 with total new mortgage loansgranted amounted to approximately HK$282.7millionin FP2024.During the period,netinterest margin of the mortgage loan businessincreased by 0.8% to 11.4% (FP2023: 10.6%).There were 52 new cases of mortgage loantransactions. MANAGEMENT DISCUSSION AND ANALYSIS 54.9%54.2%13.3% During the period, the local real estate andstockmarkets remained stagnant.A‘waitand see’ attitude dominates the market as aconsequence of the economic recovery andthe interest rate hike in both the U.S. andHong Kong. In response to this, the Groupcontinue