Cover Page
Cover Page | 6 Months Ended |
Jun. 30, 2022 | |
Document Information [Line Items] | |
Document Period End Date | Jun. 30, 2022 |
Document Type | 6-K |
Amendment Flag | false |
Document Fiscal Period Focus | Q2 |
Document Fiscal Year Focus | 2022 |
Entity Registrant Name | AMTD IDEA Group |
Current Fiscal Year End Date | --12-31 |
Entity Central Index Key | 0001769731 |
Condensed Consolidated Statemen
Condensed Consolidated Statements Of Profit Or Loss And Other Comprehensive Income - HKD ($) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
REVENUE | ||
Fee and commission income | $ 474,800,943 | $ 351,522,552 |
Digital solutions and other services | 56,018,141 | 0 |
Fashion and luxury media advertising and marketing services | 7,667,252 | 0 |
Dividend and gain related to disposed investment | 50,213,509 | 167,824,938 |
Total income | 588,699,845 | 519,347,490 |
Net fair value changes on derivative financial assets | 475,415,376 | (36,005,365) |
Net fair value changes on financial assets at fair value through profit or loss, stock loan and derivative financial asset | (141,508,552) | 240,006,805 |
Total revenue | 922,606,669 | 723,348,930 |
Other income | 57,603,453 | 71,500,916 |
Other operating expenses | (60,621,102) | (41,768,252) |
Staff costs | (59,046,165) | (43,133,986) |
Share of profit or losses of associates | (88,450) | 0 |
Finance costs | (2,494,024) | (6,401,352) |
Net fair value changes on derivative financial liability | 13,347,266 | (742,618) |
PROFIT BEFORE TAX | 871,307,647 | 702,803,638 |
Income tax expense | (69,912,890) | (73,116,457) |
PROFIT FOR THE PERIOD | 801,394,757 | 629,687,181 |
Attributable to: | ||
Owners of the parent | 741,618,999 | 567,049,552 |
Non-controlling interests | (1,436,854) | (134,120) |
Holders of perpetual securities | 61,212,612 | 62,771,749 |
PROFIT FOR THE PERIOD | 801,394,757 | 629,687,181 |
Class A Ordinary Shares [Member] | ||
Attributable to: | ||
Owners of the parent | $ 339,059,987 | $ 143,897,916 |
EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT | ||
Basic | $ 2.55 | $ 2.31 |
Diluted | $ 2.55 | $ 2.31 |
Class B Ordinary Shares [Member] | ||
Attributable to: | ||
Owners of the parent | $ 402,559,012 | $ 423,151,636 |
EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT | ||
Basic | $ 2.55 | $ 2.31 |
Diluted | $ 2.55 | $ 2.31 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements Of Financial Position - HKD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Current assets | ||
Accounts receivable | $ 604,275,555 | $ 86,514,680 |
Prepayments, deposits and other receivables | 332,946,735 | 21,916,382 |
Due from immediate holding company | 4,554,755,078 | 2,144,975,230 |
Derivative financial assets | 1,445,309,895 | 969,894,519 |
Other assets | 97,482,172 | 136,065,738 |
Cash and bank balances | 140,261,201 | 526,206,108 |
Total current assets | 7,175,030,636 | 3,885,572,657 |
Non-current assets | ||
Property, plant and equipment | 1,720,726 | 67,131 |
Right of use assets | 2,061,690 | 0 |
Investment in associates | 15,291,327 | 0 |
Goodwill | 58,675,041 | 0 |
Other intangible assets | 737,726,551 | 15,171,170 |
Financial assets at fair value through profit or loss | 1,436,656,772 | 2,574,695,685 |
Stock loan | 284,939,600 | 211,331,400 |
Total non-current assets | 2,537,071,707 | 2,801,265,386 |
Total assets | 9,712,102,343 | 6,686,838,043 |
Current liabilities | ||
Accounts payable | 282,463,255 | 155,020,918 |
Bank borrowings | 161,132,094 | 388,870,500 |
Other payables and accruals | 185,784,757 | 92,225,549 |
Lease liabilities | 2,778,798 | 0 |
Provision | 31,814,184 | 0 |
Tax payable | 127,928,437 | 136,124,845 |
Total current liabilities | 791,901,525 | 772,241,812 |
Non-current liabilities | ||
Deferred tax liabilities | 76,716,735 | 0 |
Derivative financial liability | 0 | 13,752,673 |
Convertible bond | 0 | 111,970,384 |
Total non-current liabilities | 76,716,735 | 125,723,057 |
Total liabilities | 868,618,260 | 897,964,869 |
Equity | ||
Treasury shares | (5,000,000,000) | (5,000,000,000) |
Capital reserve | 6,774,769,610 | 4,551,183,728 |
Exchange reserve | 1,794,046 | 1,466,991 |
Retained profits | 5,191,108,994 | 4,449,489,995 |
Total equity attributable to ordinary shareholders of the Company | 6,967,968,510 | 4,002,333,416 |
Non-controlling interests | 105,084,217 | 15,496,320 |
Perpetual securities | 1,770,431,356 | 1,771,043,438 |
Total equity | 8,843,484,083 | 5,788,873,174 |
Total liabilities and equity | 9,712,102,343 | 6,686,838,043 |
Class A ordinary shares [Member] | ||
Equity | ||
Share capital | 92,706 | 48,838 |
Class B Ordinary Shares [Member] | ||
Equity | ||
Share capital | $ 203,154 | $ 143,864 |
Consolidated Statements Of Fina
Consolidated Statements Of Financial Position (Parenthetical) - $ / shares | Jun. 30, 2022 | Dec. 31, 2021 |
Class A ordinary shares [Member] | ||
Disclosure of classes of share capital [line items] | ||
Common stock par or stated value per share | $ 0.0001 | $ 0.0001 |
Common stock shares authorised | 8,000,000,000 | 8,000,000,000 |
Common stock shares issued | 144,077,210 | 62,327,851 |
Common stock shares outstanding | 144,077,210 | 62,327,851 |
Class B ordinary shares [Member] | ||
Disclosure of classes of share capital [line items] | ||
Common stock par or stated value per share | $ 0.0001 | $ 0.0001 |
Common stock shares authorised | 2,000,000,000 | 2,000,000,000 |
Common stock shares issued | 233,526,979 | 183,283,628 |
Common stock shares outstanding | 233,526,979 | 183,283,628 |
Corporate Information
Corporate Information | 6 Months Ended |
Jun. 30, 2022 | |
Corporate Information [Abstract] | |
Corporate Information | 1 CORPORATE INFORMATION AMTD IDEA Group (the “Company”) (formerly known as AMTD International Inc. or AMTD Inc.) is a limited liability company incorporated in Cayman Islands on February 4, 2019. The Company completed its initial public offering on New York Stock Exchange on August 5, 2019 and its shares are listed through admission on Singapore Exchange on April 8, 2020. The Company is an investment holding company. The Company and its subsidiaries (collectively referred to as the “Group”) are involved in investment banking, the provision of financial advisory services, assets management services, strategic investments, digital solutions and other services, and fashion and luxury media advertising and marketing services. The Company’s ultimate holding company is AMTD Group Company Limited (“AMTD Group”), a company incorporated in the British Virgin Islands. |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2022 | |
Basis of Presentation [Abstract] | |
Basis of Presentation | 2 BASIS OF PRESENTATION Basis of preparation Except as described below for the newly application of accounting policies, the Group’s condensed consolidated financial information has been prepared in accordance with the same accounting policies adopted in the Group’s last annual consolidated financial statements as at and for the year ended December 31, 2021 (“Annual Financial Statements”) included in Form 20-F filed on April 18, 2022 and should be read in conjunction with the Annual Financial Statements. They do not include all of the information required for a complete set of financial statements prepared in accordance with International Financial Reporting Standards (“IFRSs”). However, selected explanatory notes are included to explain events and transactions that are significant for understanding of the changes in the Group’s financial position and performance since the Annual Financial Statements. Accounting policies newly applied by the Group Business combinations under common control The Company and AMTD Digital Inc. (“AMTD Digital”) are under common control of AMTD Group. The Company accounts for the business combination between entities under common control using historical carrying values and under prospective basis (referred to herein as predecessor accounting). For predecessor accounting: • Assets and liabilities of the acquired entity are stated at carrying amounts. Fair value measurement is not required. • Income statement reflects the results of the combining parties. • No new goodwill arises in predecessor accounting: • Any difference between the consideration given and the aggregate carrying value of the assets and liabilities of the acquired entity at the date of the transaction is recognized in equity. |
Revenue and Other Income
Revenue and Other Income | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of disaggregation of revenue from contracts with customers [abstract] | |
Revenue and Other Income | 3. REVENUE AND OTHER INCOME An analysis of revenue is as follows: Six months ended June 30, 2021 2022 HK$ HK$ Revenue from contracts with customers Investment banking Investment banking fee and income 291,497,733 435,985,156 Asset management Management fee and performance-based incentive fee 42,543,660 9,352,544 Brokerage and handling fees 16,984,991 29,177,645 Others 496,168 285,598 60,024,819 38,815,787 Digital solutions and other services Digital — 56,018,141 Fashion and luxury media advertising and marketing services Fashion and luxury media advertising and marketing services income — 7,667,252 351,522,552 538,486,336 Revenue from other sources Strategic investments Dividend income 48,711,208 50,213,509 Gain related to disposed investments 119,113,730 — 167,824,938 50,213,509 Net fair value changes on financial assets at fair value through profit or loss and stock loan -from listed equity shares, at quoted price 36,005,365 (300,371,893 ) -from unlisted equity shares and movie income right investments 204,001,440 158,863,341 Total net fair value changes on financial assets at fair value through profit or loss and stock loan 240,006,805 (141,508,552 ) Net fair value changes on derivative financial asset s -from derivative financial asset s (36,005,365 ) 475,415,376 204,001,440 333,906,824 Total revenue 723,348,930 922,606,669 (i) Disaggregated revenue information The Company assesses revenues based upon the nature or type of goods or services it provides and the operating segments of the related businesses. The following tables present disaggregated revenue information: For the six months ended June 30, 2021 Segments Investment Asset Strategic Total HK$ HK$ HK$ HK$ Investment banking Underwriting commission and brokerage fee 21,904,493 — — 21,904,493 Financial advisory fee 269,593,240 — — 269,593,240 Asset management Management fee and performance -based incentive fee — 42,543,660 — 42,543,660 Brokerage and handling fee — 16,984,991 — 16,984,991 Strategic investment Net fair value changes on financial assets at fair value through profit or loss and stock loan — — 240,006,805 240,006,805 Net fair value changes on derivative financial asset s — — (36,005,365 ) (36,005,365 ) Gain related to disposed investment — — 119,113,730 119,113,730 Dividend income — — 48,711,208 48,711,208 Others — 496,168 — 496,168 Total 291,497,733 60,024,819 371,826,378 723,348,930 Segments Investment Asset Total HK$ HK$ HK$ Timing of revenue recognition Services transferred at a point in time 291,259,872 17,481,159 308,741,031 Services transferred over time 237,861 42,543,660 42,781,521 Total revenue from contracts with customers 291,497,733 60,024,819 351,522,552 (i) Disaggregated revenue information (continued) For the six months ended June 30, 2022 Segments Investment Asset Digital 1 Fashion and 2 Strategic Total HK$ HK$ HK$ HK$ HK$ HK$ Investment banking Underwriting commission and brokerage fee 89,585,893 — — — — 89,585,893 Financial advisory fee 346,399,263 — — — — 346,399,263 Asset management Management fee and performance -based incentive fee — 9,352,544 — — — 9,352,544 Brokerage and handling fee — 29,177,645 — — — 29,177,645 Digital solutions and other services Insurance brokerage services — — 1,549,561 — — 1,549,561 Digital solutions — — 54,468,580 — — 54,468,580 Fashion and luxury media advertising and marketing Fashion and luxury media advertising and marketing — — — 7,667,252 — 7,667,252 Strategic investment Net fair value changes on financial assets at fair value — — — — (141,508,552 ) (141,508,552 ) Net fair value changes on derivative financial asset s — — — — 475,415,376 475,415,376 Dividend income — — — — 50,213,509 50,213,509 Others — 285,598 — — — 285,598 Total 435,985,156 38,815,787 56,018,141 7,667,252 384,120,333 922,606,669 1 Digital solutions and other services segment represents the business of AMTD Digital which was acquired in February 2022. 2 Fashion and luxury media advertising and marketing services segment represents the business of L’Officiel Inc. SAS (“L’Officiel”) which was acquired in April 2022. Segments Investment Asset Digital Fashion and Total HK$ HK$ HK$ HK$ HK$ Timing of revenue recognition Services transferred at a point in time 435,985,156 29,463,243 1,549,561 7,667,252 474,665,212 Services transferred over time — 9,352,544 54,468,580 — 63,821,124 Total revenue from contracts with customers 435,985,156 38,815,787 56,018,141 7,667,252 538,486,336 Other income Six months ended June 30, 2021 2022 HK$ HK$ Bank interest income 8,092 8,018 Other interest income — 18,221,862 Interest income from the immediate holding company 67,143,011 24,286,310 Others 4,349,813 15,087,263 71,500,916 57,603,453 |
Earnings Per Share Attributable
Earnings Per Share Attributable To Ordinary Equity Holders of The Parent | 6 Months Ended |
Jun. 30, 2022 | |
Earnings/(loss) Per Share Attributable To Ordinary Equity Holders of The Parent | |
Earnings Per Share Attributable To Ordinary Equity Holders of The Parent | 4. EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT Basic and diluted earnings per share for each of the periods presented are calculated as follows: Six months ended June 30, 2021 2022 Basic earnings per share: Numerator: Profit attributable to ordinary equity holders of the parent used in the basic earnings per share calculation (HK$)-basic Class A 143,897,916 339,059,987 Profit attributable to ordinary equity holders of the parent used in the basic earnings per share calculation (HK$)-basic Class B 423,151,636 402,559,012 Denominator: Weighted average number of Class A ordinary shares outstanding—basic 62,327,851 132,811,773 Weighted average number of Class B ordinary shares outstanding—basic 165,665,944 157,684,711 Basic earnings per share (HK$) Class A 2.31 2.55 Basic earnings per share (HK$) Class B 2.31 2.55 For the periods ended June 30, 2022 and 2021, the computation of diluted earnings per share has not taken into account the effect of convertible bond which is anti-dilutive. |
Accounts Receivable
Accounts Receivable | 6 Months Ended |
Jun. 30, 2022 | |
Trade and other receivables [abstract] | |
Accounts Receivable | 5. ACCOUNTS RECEIVABLE Dec 31, 2021 Jun 30, 2022 HK$ HK$ Receivable from investment banking services 54,763,265 434,977,962 Receivable from brokers and clearing house 21,406,257 7,249,386 Receivable from digital solution and services — 44,234,203 Receivable from fashion and luxury media advertising and marketing services — 17,099,980 Clients’ receivables 10,345,158 93,950,599 Dividend receivables — 6,763,425 86,514,680 604,275,555 |
Financial Assets At Fair Value
Financial Assets At Fair Value Through Profit Or Loss, Stock Loan And Derivative Financial Assets | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Financial Assets At Fair Value Through Profit Or Loss Stock Loan And Derivative Financial Assets [Abstract] | |
Financial Assets At Fair Value Through Profit Or Loss, Stock Loan And Derivative Financial Assets | 6. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS, STOCK LOAN AND DERIVATIVE FINANCIAL ASSET S Dec 31, 2021 Jun 30, 2022 HK$ HK$ Financial assets at fair value through profit or loss, other than stock loan 2,574,695,685 1,436,656,772 Stock loan 211,331,400 284,939,600 Derivative financial asset s 969,894,519 1,445,309,895 Total financial assets at fair value through profit or loss 3,755,921,604 3,166,906,267 Listed 1,055,407,260 951,631,782 Unlisted 1,730,619,825 769,964,590 Derivative financial asset s 969,894,519 1,445,309,895 3,755,921,604 3,166,906,267 |
Accounts Payable
Accounts Payable | 6 Months Ended |
Jun. 30, 2022 | |
Trade and other payables [abstract] | |
Accounts Payable | 7. ACCOUNTS PAYABLE Dec 31, 2021 Jun 30, 2022 HK$ HK$ Clients’ payables 146,917 3,856,366 Payables to clearing house and brokers 8,590,241 78,897,795 Payables to insurance companies — 11,394,545 Clients’ monies held on trust 146,283,760 93,827,661 Payables to suppliers of fashion, media advertising and marketing services — 94,486,888 155,020,918 282,463,255 |
Business Combinations
Business Combinations | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of detailed information about business combination [abstract] | |
Business Combinations | 8. BUSINESS COMBINATIONS (i) In February 2022, the Company acquired a majority stake of AMTD Digital by issuing new Class A and Class B shares to the selling shareholders of AMTD Digital at a consideration of approximately US$993 million, which was based on the agreed share price of US$8.38 of the Company. The transaction was completed on February 23, 2022 and accounted for using The o (ii) In April 2022, the Company acquired all the equity interest of L’Officiel . The transaction was completed on April 20, 2022 and accounted for using |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Basis of Presentation [Abstract] | |
Basis of preparation | Basis of preparation Except as described below for the newly application of accounting policies, the Group’s condensed consolidated financial information has been prepared in accordance with the same accounting policies adopted in the Group’s last annual consolidated financial statements as at and for the year ended December 31, 2021 (“Annual Financial Statements”) included in Form 20-F filed on April 18, 2022 and should be read in conjunction with the Annual Financial Statements. They do not include all of the information required for a complete set of financial statements prepared in accordance with International Financial Reporting Standards (“IFRSs”). However, selected explanatory notes are included to explain events and transactions that are significant for understanding of the changes in the Group’s financial position and performance since the Annual Financial Statements. |
Accounting policies newly applied by the Group | Accounting policies newly applied by the Group Business combinations under common control The Company and AMTD Digital Inc. (“AMTD Digital”) are under common control of AMTD Group. The Company accounts for the business combination between entities under common control using historical carrying values and under prospective basis (referred to herein as predecessor accounting). For predecessor accounting: • Assets and liabilities of the acquired entity are stated at carrying amounts. Fair value measurement is not required. • Income statement reflects the results of the combining parties. • No new goodwill arises in predecessor accounting: • Any difference between the consideration given and the aggregate carrying value of the assets and liabilities of the acquired entity at the date of the transaction is recognized in equity. 4 |
Revenue and Other Income (Table
Revenue and Other Income (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of disaggregation of revenue from contracts with customers [abstract] | |
Summary of analysis of revenue | An analysis of revenue is as follows: Six months ended June 30, 2021 2022 HK$ HK$ Revenue from contracts with customers Investment banking Investment banking fee and income 291,497,733 435,985,156 Asset management Management fee and performance-based incentive fee 42,543,660 9,352,544 Brokerage and handling fees 16,984,991 29,177,645 Others 496,168 285,598 60,024,819 38,815,787 Digital solutions and other services Digital — 56,018,141 Fashion and luxury media advertising and marketing services Fashion and luxury media advertising and marketing services income — 7,667,252 351,522,552 538,486,336 Revenue from other sources Strategic investments Dividend income 48,711,208 50,213,509 Gain related to disposed investments 119,113,730 — 167,824,938 50,213,509 Net fair value changes on financial assets at fair value through profit or loss and stock loan -from listed equity shares, at quoted price 36,005,365 (300,371,893 ) -from unlisted equity shares and movie income right investments 204,001,440 158,863,341 Total net fair value changes on financial assets at fair value through profit or loss and stock loan 240,006,805 (141,508,552 ) Net fair value changes on derivative financial asset s -from derivative financial asset s (36,005,365 ) 475,415,376 204,001,440 333,906,824 Total revenue 723,348,930 922,606,669 |
Summary of revenue from contracts with customers | For the six months ended June 30, 2021 Segments Investment Asset Strategic Total HK$ HK$ HK$ HK$ Investment banking Underwriting commission and brokerage fee 21,904,493 — — 21,904,493 Financial advisory fee 269,593,240 — — 269,593,240 Asset management Management fee and performance -based incentive fee — 42,543,660 — 42,543,660 Brokerage and handling fee — 16,984,991 — 16,984,991 Strategic investment Net fair value changes on financial assets at fair value through profit or loss and stock loan — — 240,006,805 240,006,805 Net fair value changes on derivative financial asset s — — (36,005,365 ) (36,005,365 ) Gain related to disposed investment — — 119,113,730 119,113,730 Dividend income — — 48,711,208 48,711,208 Others — 496,168 — 496,168 Total 291,497,733 60,024,819 371,826,378 723,348,930 For the six months ended June 30, 2022 Segments Investment Asset Digital 1 Fashion and 2 Strategic Total HK$ HK$ HK$ HK$ HK$ HK$ Investment banking Underwriting commission and brokerage fee 89,585,893 — — — — 89,585,893 Financial advisory fee 346,399,263 — — — — 346,399,263 Asset management Management fee and performance -based incentive fee — 9,352,544 — — — 9,352,544 Brokerage and handling fee — 29,177,645 — — — 29,177,645 Digital solutions and other services Insurance brokerage services — — 1,549,561 — — 1,549,561 Digital solutions — — 54,468,580 — — 54,468,580 Fashion and luxury media advertising and marketing Fashion and luxury media advertising and marketing — — — 7,667,252 — 7,667,252 Strategic investment Net fair value changes on financial assets at fair value — — — — (141,508,552 ) (141,508,552 ) Net fair value changes on derivative financial asset s — — — — 475,415,376 475,415,376 Dividend income — — — — 50,213,509 50,213,509 Others — 285,598 — — — 285,598 Total 435,985,156 38,815,787 56,018,141 7,667,252 384,120,333 922,606,669 1 Digital solutions and other services segment represents the business of AMTD Digital which was acquired in February 2022. 2 Fashion and luxury media advertising and marketing services segment represents the business of L’Officiel Inc. SAS (“L’Officiel”) which was acquired in April 2022. |
Summary of other income | Other income Six months ended June 30, 2021 2022 HK$ HK$ Bank interest income 8,092 8,018 Other interest income — 18,221,862 Interest income from the immediate holding company 67,143,011 24,286,310 Others 4,349,813 15,087,263 71,500,916 57,603,453 |
Summary of timing of revenue recognition | Segments Investment Asset Total HK$ HK$ HK$ Timing of revenue recognition Services transferred at a point in time 291,259,872 17,481,159 308,741,031 Services transferred over time 237,861 42,543,660 42,781,521 Total revenue from contracts with customers 291,497,733 60,024,819 351,522,552 Segments Investment Asset Digital Fashion and Total HK$ HK$ HK$ HK$ HK$ Timing of revenue recognition Services transferred at a point in time 435,985,156 29,463,243 1,549,561 7,667,252 474,665,212 Services transferred over time — 9,352,544 54,468,580 — 63,821,124 Total revenue from contracts with customers 435,985,156 38,815,787 56,018,141 7,667,252 538,486,336 |
Earnings Per Share Attributab_2
Earnings Per Share Attributable To Ordinary Equity Holders of The Parent (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Earnings/(loss) Per Share Attributable To Ordinary Equity Holders of The Parent | |
Summary of Basic and diluted earnings per share | Basic and diluted earnings per share for each of the periods presented are calculated as follows: Six months ended June 30, 2021 2022 Basic earnings per share: Numerator: Profit attributable to ordinary equity holders of the parent used in the basic earnings per share calculation (HK$)-basic Class A 143,897,916 339,059,987 Profit attributable to ordinary equity holders of the parent used in the basic earnings per share calculation (HK$)-basic Class B 423,151,636 402,559,012 Denominator: Weighted average number of Class A ordinary shares outstanding—basic 62,327,851 132,811,773 Weighted average number of Class B ordinary shares outstanding—basic 165,665,944 157,684,711 Basic earnings per share (HK$) Class A 2.31 2.55 Basic earnings per share (HK$) Class B 2.31 2.55 For the periods ended June 30, 2022 and 2021, the computation of diluted earnings per share has not taken into account the effect of convertible bond which is anti-dilutive. |
Accounts Receivable (Tables)
Accounts Receivable (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Trade and other receivables [abstract] | |
Summary of accounts receivables | 5. ACCOUNTS RECEIVABLE Dec 31, 2021 Jun 30, 2022 HK$ HK$ Receivable from investment banking services 54,763,265 434,977,962 Receivable from brokers and clearing house 21,406,257 7,249,386 Receivable from digital solution and services — 44,234,203 Receivable from fashion and luxury media advertising and marketing services — 17,099,980 Clients’ receivables 10,345,158 93,950,599 Dividend receivables — 6,763,425 86,514,680 604,275,555 |
Accounts Payable (Tables)
Accounts Payable (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Trade and other payables [abstract] | |
Summary of accounts payable | Dec 31, 2021 Jun 30, 2022 HK$ HK$ Clients’ payables 146,917 3,856,366 Payables to clearing house and brokers 8,590,241 78,897,795 Payables to insurance companies — 11,394,545 Clients’ monies held on trust 146,283,760 93,827,661 Payables to suppliers of fashion, media advertising and marketing services — 94,486,888 155,020,918 282,463,255 |
Financial Assets At Fair Valu_2
Financial Assets At Fair Value Through Profit Or Loss, Stock Loan And Derivative Financial Assets (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Financial Assets At Fair Value Through Profit Or Loss Stock Loan And Derivative Financial Assets [Abstract] | |
Summary of financial assets at fair value through profit or loss and stock loan | Dec 31, 2021 Jun 30, 2022 HK$ HK$ Financial assets at fair value through profit or loss, other than stock loan 2,574,695,685 1,436,656,772 Stock loan 211,331,400 284,939,600 Derivative financial asset s 969,894,519 1,445,309,895 Total financial assets at fair value through profit or loss 3,755,921,604 3,166,906,267 Listed 1,055,407,260 951,631,782 Unlisted 1,730,619,825 769,964,590 Derivative financial asset s 969,894,519 1,445,309,895 3,755,921,604 3,166,906,267 |
Revenue and Other Income - Sche
Revenue and Other Income - Schedule of analysis of revenue (Detail) - HKD ($) | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | |||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | $ 538,486,336 | $ 351,522,552 | ||
Dividend income | 50,213,509 | 48,711,208 | ||
Gain related to disposed investment | 119,113,730 | |||
Dividend and gain related to disposed investment | 50,213,509 | 167,824,938 | ||
Total net fair value changes on financial assets at fair value through profit or loss and stock loan | (141,508,552) | 240,006,805 | ||
Net fair value changes on derivative financial assets | 475,415,376 | (36,005,365) | ||
Total revenue | 922,606,669 | 723,348,930 | ||
Management Fee and Performance Based Incentive Fee [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 9,352,544 | 42,543,660 | ||
Brokerage And Handling Fees [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 29,177,645 | 16,984,991 | ||
Others [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 285,598 | 496,168 | ||
Listed Equity Shares [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Total net fair value changes on financial assets at fair value through profit or loss and stock loan | (300,371,893) | 36,005,365 | ||
Unlisted Equity Shares [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Total net fair value changes on financial assets at fair value through profit or loss and stock loan | 158,863,341 | 204,001,440 | ||
Derivative financial Asset [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Net fair value changes on derivative financial assets | 333,906,824 | 204,001,440 | ||
Investment Banking [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 435,985,156 | 291,497,733 | ||
Total revenue | 435,985,156 | 291,497,733 | ||
Investment Banking [member] | Investment banking fee and income [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 435,985,156 | 291,497,733 | ||
Asset Management [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 38,815,787 | 60,024,819 | ||
Total revenue | 38,815,787 | 60,024,819 | ||
Asset Management [member] | Management Fee and Performance Based Incentive Fee [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 9,352,544 | 42,543,660 | ||
Asset Management [member] | Brokerage And Handling Fees [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 29,177,645 | 16,984,991 | ||
Asset Management [member] | Others [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 285,598 | 496,168 | ||
Strategic Investment [member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Dividend income | 50,213,509 | 48,711,208 | ||
Gain related to disposed investment | 0 | 119,113,730 | ||
Total revenue | 384,120,333 | 371,826,378 | ||
Digital Solutions and Services Income [Member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 56,018,141 | 0 | ||
Total revenue | [1] | 56,018,141 | ||
Fashion and Luxury Media Advertising and Marketing Services Income [Member] | ||||
Disclosure Of Analysis Of Revenue [Line Items] | ||||
Revenue from external customers and others | 7,667,252 | [2] | $ 0 | |
Total revenue | [2] | $ 7,667,252 | ||
[1]Digital ecosystem solutions and other services segment represents the business of AMTD Digital which was acquired in February 2022.[2]Fashion and luxury media advertising and marketing services segment represents the business of L’Officiel Inc. SAS (“L’Officiel”) which was acquired in April 2022. |
Revenue and Other Income - Sc_2
Revenue and Other Income - Schedule revenue from contracts with customers (Detail) - HKD ($) | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | $ 538,486,336 | $ 351,522,552 | ||
Net fair value changes on financial assets at fair value through profit or loss and stock loan | (141,508,552) | 240,006,805 | ||
Net fair value changes on derivative financial assets | 475,415,376 | (36,005,365) | ||
Gain related to disposed investment | 119,113,730 | |||
Dividend income | 50,213,509 | 48,711,208 | ||
Total revenue | 922,606,669 | 723,348,930 | ||
Underwriting Commission And Brokerage Fee [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 89,585,893 | 21,904,493 | ||
Financial Advisory Fee [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 346,399,263 | 269,593,240 | ||
Management Fee And Performance Based Incentive Fee [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 9,352,544 | 42,543,660 | ||
Brokerage And Handling Fees [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 29,177,645 | 16,984,991 | ||
Others [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 285,598 | 496,168 | ||
Insurance Brokerage Services [Member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 1,549,561 | |||
Digital Ecosystem Solutions [Member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 54,468,580 | |||
Investment Banking [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 435,985,156 | 291,497,733 | ||
Total revenue | 435,985,156 | 291,497,733 | ||
Investment Banking [member] | Underwriting Commission And Brokerage Fee [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 89,585,893 | 21,904,493 | ||
Investment Banking [member] | Financial Advisory Fee [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 346,399,263 | 269,593,240 | ||
Asset Management [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 38,815,787 | 60,024,819 | ||
Total revenue | 38,815,787 | 60,024,819 | ||
Asset Management [member] | Management Fee And Performance Based Incentive Fee [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 9,352,544 | 42,543,660 | ||
Asset Management [member] | Brokerage And Handling Fees [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 29,177,645 | 16,984,991 | ||
Asset Management [member] | Others [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 285,598 | 496,168 | ||
Digital Solutions and Services Income [Member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 56,018,141 | 0 | ||
Total revenue | [1] | 56,018,141 | ||
Digital Solutions and Services Income [Member] | Insurance Brokerage Services [Member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | [1] | 1,549,561 | ||
Digital Solutions and Services Income [Member] | Digital Ecosystem Solutions [Member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | [1] | 54,468,580 | ||
Fashion and luxury media advertising and marketing services [Member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Revenue from external customers and others | 7,667,252 | [2] | 0 | |
Total revenue | [2] | 7,667,252 | ||
Strategic Investment [member] | ||||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||||
Net fair value changes on financial assets at fair value through profit or loss and stock loan | (141,508,552) | 240,006,805 | ||
Net fair value changes on derivative financial assets | 475,415,376 | (36,005,365) | ||
Gain related to disposed investment | 0 | 119,113,730 | ||
Dividend income | 50,213,509 | 48,711,208 | ||
Total revenue | $ 384,120,333 | $ 371,826,378 | ||
[1]Digital ecosystem solutions and other services segment represents the business of AMTD Digital which was acquired in February 2022.[2]Fashion and luxury media advertising and marketing services segment represents the business of L’Officiel Inc. SAS (“L’Officiel”) which was acquired in April 2022. |
Revenue and Other Income - Summ
Revenue and Other Income - Summary of timing of revenue recognition (Detail) - HKD ($) | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | ||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | $ 538,486,336 | $ 351,522,552 | |
Investment Banking [member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 435,985,156 | 291,497,733 | |
Asset Management [member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 38,815,787 | 60,024,819 | |
Digital Solutions and Services Income [Member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 56,018,141 | 0 | |
Fashion and Luxury Media Advertising and Marketing Services Income [Member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 7,667,252 | [1] | 0 |
Services transferred at a point in time | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 474,665,212 | 308,741,031 | |
Services transferred at a point in time | Investment Banking [member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 435,985,156 | 291,259,872 | |
Services transferred at a point in time | Asset Management [member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 29,463,243 | 17,481,159 | |
Services transferred at a point in time | Digital Solutions and Services Income [Member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 1,549,561 | ||
Services transferred at a point in time | Fashion and Luxury Media Advertising and Marketing Services Income [Member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 7,667,252 | ||
Services transferred over time | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 63,821,124 | 42,781,521 | |
Services transferred over time | Investment Banking [member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 0 | 237,861 | |
Services transferred over time | Asset Management [member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 9,352,544 | $ 42,543,660 | |
Services transferred over time | Digital Solutions and Services Income [Member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | 54,468,580 | ||
Services transferred over time | Fashion and Luxury Media Advertising and Marketing Services Income [Member] | |||
Disclosure Of Timing Of Revenue Recognition [Line Items] | |||
Revenue from contracts with customers | $ 0 | ||
[1]Fashion and luxury media advertising and marketing services segment represents the business of L’Officiel Inc. SAS (“L’Officiel”) which was acquired in April 2022. |
Revenue and Other Income - Sc_3
Revenue and Other Income - Schedule of other income (Detail) - HKD ($) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Disclosure Of Other Operating Income [Line Items] | ||
Bank interest income | $ 8,018 | $ 8,092 |
Other Interest Income | 18,221,862 | 0 |
Interest income from the immediate holding company | 24,286,310 | 67,143,011 |
Others | 15,087,263 | 4,349,813 |
Total other income | $ 57,603,453 | $ 71,500,916 |
Earnings Per Share Attributab_3
Earnings Per Share Attributable To Ordinary Equity Holders of The Parent - Summary of Basic and diluted earnings per share (Detail) - HKD ($) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Numerator: | ||
Profit attributable to ordinary equity holders of the parent used in the basic earnings per share | $ 741,618,999 | $ 567,049,552 |
Class A ordinary shares [Member] | ||
Numerator: | ||
Profit attributable to ordinary equity holders of the parent used in the basic earnings per share | $ 339,059,987 | $ 143,897,916 |
Denominator: | ||
Weighted average number of shares outstanding—basic | 132,811,773 | 62,327,851 |
Basic earnings per share | $ 2.55 | $ 2.31 |
Class B ordinary shares [Member] | ||
Numerator: | ||
Profit attributable to ordinary equity holders of the parent used in the basic earnings per share | $ 402,559,012 | $ 423,151,636 |
Denominator: | ||
Weighted average number of shares outstanding—basic | 157,684,711 | 165,665,944 |
Basic earnings per share | $ 2.55 | $ 2.31 |
Accounts Receivable - Summary o
Accounts Receivable - Summary of trade receivables (Detail) - HKD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Disclosure Of Trade Receivables [Line Items] | ||
Accounts receivable | $ 604,275,555 | $ 86,514,680 |
Receivable from investment banking services [Member] | ||
Disclosure Of Trade Receivables [Line Items] | ||
Accounts receivable | 434,977,962 | 54,763,265 |
Receivable from brokers and clearing house [Member] | ||
Disclosure Of Trade Receivables [Line Items] | ||
Accounts receivable | 7,249,386 | 21,406,257 |
Receivable From Digital Solution And Services [Member] | ||
Disclosure Of Trade Receivables [Line Items] | ||
Accounts receivable | 44,234,203 | |
Receivable From Fashion And Luxury Media Advertising And Marketing Services [Member] | ||
Disclosure Of Trade Receivables [Line Items] | ||
Accounts receivable | 17,099,980 | |
Clients' receivables [Member] | ||
Disclosure Of Trade Receivables [Line Items] | ||
Accounts receivable | 93,950,599 | $ 10,345,158 |
Dividend Receivables [Member] | ||
Disclosure Of Trade Receivables [Line Items] | ||
Accounts receivable | $ 6,763,425 |
Financial Assets At Fair Valu_3
Financial Assets At Fair Value Through Profit Or Loss, Stock Loan And Derivative Financial Assets - Disclosure of detailed information about financial assets at fair value through profit or loss stock loan and derivative financial assets (Detail) - HKD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Disclosure Of Detailed Information About Financial Assets At Fair Value Through Profit Or Loss Stock Loan And Derivative Financial Assets [Line Items] | ||
Financial assets at fair value through profit or loss, other than stock loan | $ 1,436,656,772 | $ 2,574,695,685 |
Stock loan | 284,939,600 | 211,331,400 |
Derivative financial assets | 1,445,309,895 | 969,894,519 |
Total financial assets at fair value through profit or loss | 3,166,906,267 | 3,755,921,604 |
Listed equity shares, at quoted price | 951,631,782 | 1,055,407,260 |
Unlisted equity shares | 769,964,590 | 1,730,619,825 |
Derivative financial Asset | 1,445,309,895 | 969,894,519 |
Financial assets at fair value through profit or loss and stock loan | $ 3,166,906,267 | $ 3,755,921,604 |
Accounts payable - Summary of t
Accounts payable - Summary of trade and other payables (Detail) - HKD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Trade and other payables [abstract] | ||
Clients' payables | $ 3,856,366 | $ 146,917 |
Payables to clearing house and brokers | 78,897,795 | 8,590,241 |
Payables to insurance companies | 11,394,545 | 0 |
Clients' monies held on trust | 93,827,661 | 146,283,760 |
Payables to suppliers of fashion, media advertising and marketing services | 94,486,888 | 0 |
Accounts payable | $ 282,463,255 | $ 155,020,918 |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) - Feb. 01, 2022 - AMTD Digital [member] $ / shares in Units, $ in Millions, $ in Millions | USD ($) $ / shares | HKD ($) |
Disclosure of detailed information about business combination [line items] | ||
Difference between the consideration paid and the net asset value recorded in equity | $ 808.7 | $ 6,346.2 |
Class A and Class B ordinary shares [member] | ||
Disclosure of detailed information about business combination [line items] | ||
Equity interests of acquirer | $ | $ 993 | |
Issue price per share | $ / shares | $ 8.38 |