| Expense by Nature |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the year ended December 31, |
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Employee benefit expenses (Note 10.1) |
|
|
11,316,549 |
|
|
|
7,700,664 |
|
|
|
6,471,149 |
|
| Loan origination and servicing expenses |
|
|
3,218,379 |
|
|
|
2,324,484 |
|
|
|
1,451,324 |
|
| Outsourcing service expenses |
|
|
1,099,267 |
|
|
|
932,223 |
|
|
|
734,668 |
|
Depreciation of assets (Note 26) |
|
|
427,358 |
|
|
|
283,645 |
|
|
|
209,151 |
|
| Taxes and surcharges |
|
|
325,539 |
|
|
|
208,258 |
|
|
|
237,039 |
|
| Depreciation of property and equipment (Note 24) |
|
|
185,222 |
|
|
|
104,439 |
|
|
|
49,831 |
|
| Audit fees |
|
|
47,521 |
|
|
|
68,301 |
|
|
|
158,861 |
|
| Amortization of intangible assets (Note 25) |
|
|
11,022 |
|
|
|
39,766 |
|
|
|
14,608 |
|
| Others |
|
|
3,206,198 |
|
|
|
1,979,948 |
|
|
|
1,459,535 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total sales and marketing expenses, general and administrative expenses, operation and servicing expenses, technology and analytics expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the year ended December 31, |
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Sales and marketing expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| Borrower acquisition expenses |
|
|
5,030,841 |
|
|
|
2,745,576 |
|
|
|
1,504,678 |
|
| General sales and marketing expenses |
|
|
4,398,677 |
|
|
|
2,626,038 |
|
|
|
2,530,947 |
|
| Investor acquisition and retention expenses |
|
|
24,035 |
|
|
|
34,757 |
|
|
|
— |
|
| Referral expenses from platform service |
|
|
435,122 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Employee benefit expenses |
| (a) |
Employee benefit expenses are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the year ended December 31, |
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Wages, salaries and bonuses |
|
|
7,089,254 |
|
|
|
4,848,665 |
|
|
|
4,238,731 |
|
Other social security costs, housing benefits and other employee benefits |
|
|
3,034,815 |
|
|
|
2,108,047 |
|
|
|
1,457,999 |
|
Pension costs - defined contribution plans |
|
|
1,228,684 |
|
|
|
762,071 |
|
|
|
774,045 |
|
Share-based payment |
|
|
(36,204 |
) |
|
|
(18,119 |
) |
|
|
374 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (b) |
Five highest paid individuals | The five individuals whose emoluments excluding share-based payment were the highest in the Group for the years ended December 31, 2023, 2024 and 2025 include two, two and one directors, respectively, whose emoluments are reflected in the analysis shown in Note 48. The emoluments payable to the remaining three, three and four individuals during the years ended December 31, 2023, 2024 and 2025, respectively, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the year ended December 31, |
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Wages, salaries and bonuses |
|
|
9,114 |
|
|
|
14,070 |
|
|
|
18,321 |
|
Other social security costs, housing benefits and other employee benefits |
|
|
2,717 |
|
|
|
1,533 |
|
|
|
2,882 |
|
Pension costs - defined contribution plans |
|
|
157 |
|
|
|
195 |
|
|
|
242 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The emoluments fell within the following bands:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the year ended
December 31, |
|
| |
|
|
|
|
|
|
|
|
|
Emolument bands |
|
|
|
|
|
|
|
|
|
|
|
|
HKD2,500,001 to HKD3,000,000 |
|
|
1 |
|
|
|
— |
|
|
|
— |
|
HKD3,000,001 to HKD3,500,000 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
HKD3,500,001 to HKD4,000,000 |
|
|
1 |
|
|
|
— |
|
|
|
— |
|
HKD4,000,001 to HKD4,500,000 |
|
|
1 |
|
|
|
1 |
|
|
|
1 |
|
HKD4,500,001 to HKD5,000,000 |
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
HKD5,000,001 to HKD5,500,000 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
HKD5,500,001 to HKD6,000,000 |
|
|
— |
|
|
|
1 |
|
|
|
— |
|
HKD6,000,001 to HKD6,500,000 |
|
|
— |
|
|
|
— |
|
|
|
1 |
|
HKD6,500,001 to HKD7,000,000 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
HKD7,000,001 to HKD7,500,000 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
HKD7,500,001 to HKD8,000,000 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
HKD8,000,001 to HKD8,500,000 |
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|