China Securities Network News (reporter Dong Tian) a few days ago, Delin Holdings (1709. HK) released its results for the first half of 2020. The Group's revenue for the first half of the financial year 2020 was approximately HK$168 million, an increase of approximately 27.2% over the same period last year, while gross profit margin increased by approximately 325% to 32.3%. The Group's revenue for the first half of the year was approximately HK$168 million, an increase of approximately 27.2% over the same period last year, and net profit and total income totaled approximately HK$66.3 million, representing an increase of approximately HK$113 million year-on-year.
The Board of Directors announced that as at 30 September 2020, the interim dividend was HK$0.0068 per ordinary share, for a total of approximately HK$9.269 million.
Chen Ningdi, co-founder, chief executive officer and executive director of Delin Holdings, said: "Delin Holdings' profitable in the first half of this financial year shows the success of the positioning strategy of the 'friendly and enterprising' investment platform adhered to by the Group, which not only improves the Group's business model and structure, but more importantly, brings tangible returns to shareholders and gives greater confidence to the public. In the future, the Group will continue to identify business partners and other investment opportunities in financial services, and expand its portfolio, quality assets and revenue streams to promote the sustained and healthy growth of Delin Holdings' business. ”
At present, Delin Holdings operates two major business segments, financial services business and apparel business, mainly focusing on financial services business and positioning itself as a "friendly and enterprising" investment platform, focusing on investing in and introducing new licensed financial service businesses, including financial advisory, securities research, referral and brokerage services, margin financing services, asset management services and lending services. For the six months ended 30 September 2020, the Group's segment of financial services providing licensed business generated revenues of approximately HK$99.7 million and segment profit of approximately HK$30.4 million.
Looking ahead, Jiang Xinrong, co-founder, chairman and executive director of Delin Holdings, said: "We expect the Group's financial services business to accelerate its expansion. The Group's securities business, alternative investment business and family office business will be linked to each other to form a unique and stable 'Delin Inner Circulation Ecosystem', which can not only isolate each other to ensure compliance, but also reduce communication and financing costs, and promote the overall development of the company's business." ”