Financial Performance - For the nine months ended December 31, 2019, the group recorded revenue of HKD 36,415,654, an increase of HKD 926,743 compared to HKD 35,488,911 for the same period in 2018, representing a growth of approximately 2.6%[5] - The group achieved a net profit of HKD 9,411,622 for the reporting period, a significant turnaround from a loss of HKD 9,683,310 in the same period of 2018[5] - Basic earnings per share attributable to owners of the company for the reporting period was HKD 1.98, compared to a basic loss per share of HKD 2.32 for the same period in 2018[5] - Revenue for the three months ended December 31, 2019, was HKD 14,543,772, compared to HKD 11,102,918 for the same period in 2018, indicating a growth of approximately 30.5%[10] - The group reported a profit before tax of HKD 9,537,308 for the nine months ended December 31, 2019, compared to a loss before tax of HKD 9,152,762 in the same period of 2018[10] - Total comprehensive income for the nine months ended December 31, 2019, was HKD 8,529,729, a significant improvement from a total comprehensive loss of HKD 10,400,145 in the same period of 2018[10] Cost Management - The group incurred employee costs of HKD 12,361,252 for the nine months ended December 31, 2019, down from HKD 16,239,682 in the same period of 2018, representing a reduction of approximately 24.5%[10] - The group’s direct costs for the nine months ended December 31, 2019, were HKD 7,986,669, a decrease from HKD 8,740,052 in the same period of 2018, indicating a reduction of approximately 8.6%[10] - Direct costs decreased by HKD 753,383 or 8.6% to HKD 7,986,669, mainly due to reduced expenses for leased cloud infrastructure and broadband services[53] - Employee costs decreased by HKD 3,878,430 or 23.9% to HKD 12,361,252, attributed to increased capital allocation for new R&D projects[55] User Growth and Market Expansion - The number of registered users for the open securities trading platform "TradeGo Public Version" increased to approximately 137,000, up by about 28,000 users from 109,000 as of December 31, 2018, reflecting a growth of approximately 25.7%[5] - The number of registered users for the trading platform increased by approximately 28,000 or 26.1% to about 137,000 as of December 31, 2019, compared to 109,000 a year earlier[42] - The company signed new front-end trading system service contracts with 15 Hong Kong brokers during the reporting period[42] - The group aims to enhance its service portfolio and expand its customer base through new service development and marketing activities, particularly in the Greater Bay Area[63] - The group plans to apply for additional market data supplier licenses to strengthen its integrated securities trading platform services[63] Dividend Policy - The board did not declare any dividends during the reporting period, consistent with the previous year[6] - The company did not declare or pay any dividends for the nine months ended December 31, 2019[40] - The group has not declared any dividends during the reporting period, consistent with the previous period[62] Shareholding Structure - As of December 31, 2019, the total number of issued shares was 500,000,000[70] - Liu Yong holds 228,303,791 shares, representing 45.66% of the total shares[76] - Miao Jia Holdings Limited owns 154,264,654 shares, accounting for 30.85% of the total shares[76] - Xin Cheng International Limited holds a total of 74,039,137 shares, which is 14.81% of the total shares[76] - VMI Mega Growth Fund SPC owns 56,150,000 shares, representing 11.23% of the total shares[76] - He Zhi Global Limited holds 52,650,053 shares, accounting for 10.53% of the total shares[76] - The total shareholding of Liu Xiaoming, as a spouse, is 228,303,791 shares, which is 45.66%[76] - The total shareholding of Chen Chaohua, as a spouse, is 126,689,190 shares, which is 25.34%[76] - The total shareholding of Lu Ximeng, as a spouse, is 74,039,137 shares, which is 14.81%[76] - First Shanghai Securities Limited holds 25,000,000 shares, representing 5.00% of the total shares[76] Compliance and Governance - The company has adhered to the corporate governance code, except for the separation of roles between the Chairman and CEO[98] - The company confirmed compliance with the minimum public float requirement of at least 25%[99] - The audit committee reviewed the unaudited consolidated financial statements for the three and nine months ended December 31, 2019, confirming compliance with applicable accounting standards and GEM listing rules[112] Accounting Policies - The company adopted HKFRS 16 on April 1, 2019, which resulted in the recognition of right-of-use assets and lease liabilities of HKD 5,938,670[19] - The total non-current assets increased to HKD 15,143,828 after the adoption of HKFRS 16[20] - The company has not made any adjustments to the opening equity balance as a result of the adoption of HKFRS 16[24] - The company adopted a new leasing accounting policy, measuring right-of-use assets based on the present value of future lease payments[28] COVID-19 Response - The company implemented remote working measures for its subsidiaries in Shenzhen from January 29 to February 9, 2020, in response to the COVID-19 pandemic, ensuring stable customer service through cloud infrastructure[109]

User Growth and Market Expansion - During the reporting period, the number of registered users for the open securities trading platform software "TradeGo Public Version" increased to 123,062, representing an increase of approximately 18,442 users or 17.6% compared to 104,620 users as of September 30, 2018[8]. - The number of registered users for the open securities trading platform "Trading Treasure Public Version" increased by approximately 18,442 or 17.6% to about 123,062 users[11]. - The company aims to maintain its market-leading position in providing integrated securities trading platforms for Hong Kong brokers[9]. - The company is actively seeking opportunities for market expansion and acquisitions to increase its business scale and provide sustainable returns to shareholders[30]. - The company plans to continue expanding its integrated securities trading platform services to better serve its clients in Hong Kong[90]. Financial Performance - The group reported a net profit of approximately HKD 5,886,305, compared to a loss of approximately HKD (9,546,635) in the same period last year[11]. - Revenue for the period was approximately HKD 21,871,882, a decrease of 10.3% from HKD 24,385,993 in the same period last year[11]. - Basic earnings per share attributable to owners of the company were HKD 1.22, compared to a basic loss per share of approximately HKD (2.76) in the same period last year[11]. - The net profit for the period was HKD 5,797,507, compared to a loss of HKD 10,374,895 in the same period of 2018, reflecting a positive performance shift[81]. - Total comprehensive income for the period was HKD 4,749,815, which includes other comprehensive losses of HKD 1,047,692[87]. Research and Development - The company is actively increasing its research and development investment to expand its integrated trading system services amid market uncertainties due to factors like the US-China trade war[7]. - The newly developed employee stock option management system has received positive market feedback, leading to new cooperation agreements with major Hong Kong brokers[8]. - 14.7% of the net proceeds (HKD 6.1 million) will be used for developing innovative products and enhancing R&D capabilities[32]. Operational Developments - The company has established new front-end trading system service contracts with five Hong Kong brokers, enhancing its integrated front-end trading system services[7]. - The group signed new front-end trading system service contracts with 11 Hong Kong brokers during the reporting period[15]. - The group launched a data-driven product "AiH" to track information on stocks listed under the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect systems[15]. Shareholder Information - The total number of issued shares was 500,000,000 as of September 30, 2019[51]. - The total beneficial ownership of Xin Cheng International Limited is 74,039,137 shares, representing 14.81% of total shares[57]. - Major shareholders include Maojia Holdings Limited and Fuwang Global Limited, each holding 154,264,654 shares, representing 30.85% of total shares[57]. Cash Flow and Assets - The net cash generated from operating activities was HKD 5,493,503, a significant improvement from a cash outflow of HKD 556,491 in the prior year[89]. - The company incurred a cash outflow of HKD 6,889,500 for intangible asset payments during the investment activities[89]. - Cash and cash equivalents decreased by HKD 2,897,483, resulting in a balance of HKD 45,447,349 as of September 30, 2019[89]. Compliance and Governance - The audit committee reviewed the unaudited consolidated financial statements for the six months ended September 30, 2019, ensuring compliance with applicable accounting standards[79]. - The company has adopted a code of conduct for securities transactions by directors, confirming compliance with GEM listing rules[72]. - The company maintained a balanced governance structure with three independent non-executive directors, ensuring no individual has unfettered decision-making power[73]. Economic Environment and Challenges - The establishment of the Guangdong-Hong Kong-Macao Greater Bay Area presents both unprecedented development opportunities and competitive challenges for the company[7]. - The company has delayed the establishment of a marketing center in Hong Kong due to economic slowdown and uncertainties from US-China trade tensions[41].

TradeGo TradeGo FinTech Limited 捷利交易寶金融科技有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8017 第 季度報告 2019年度 | --- | --- | --- | --- | |-------|-------|--------------------------|----------------------------------| | | | | | | | | | | | | 目錄 | | | | | | | | | | 4 | 公司資料 | | | | 5 | | 未經審核綜合損益及其他全面收益表 | | | 6 | 未經審核綜合權益變動表 | | | | 7 | 未經審核綜合財務資料附註 | | | | 12 | 管理層討論及分析 | | | | 15 | 其他資料 | | 捷利交易寶金融科技有限公司 2019第一季度報告 香港聯合交易所有限公司（「聯交所」）GEM（「GEM」）的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司 帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 ...

Financial Performance - For the fiscal year ending March 31, 2019, the revenue was approximately HKD 46,311,429, an increase of about 7.2% compared to HKD 43,209,034 for the previous year[9]. - The loss for the reporting period was HKD 17,697,740, compared to a loss of HKD 1,069,348 for the previous year[10]. - The company's revenue for the reporting period was HKD 46,311,429, an increase of HKD 3,102,395 or 7.2% compared to the previous year[30]. - The company reported a pre-tax loss of HKD 16,892,454, compared to a pre-tax profit of HKD 643,186 in the previous year, mainly due to increased expenses[38]. - The net loss for the period was HKD 17,697,740, compared to a loss of HKD 1,069,348 in the previous year, driven by increased operational costs[40]. - The loss per share during the reporting period was HKD 4.06, an increase of HKD 3.77 or 1,300% compared to the loss of HKD 0.29 per share in the same period last year[41]. Research and Development - Research and development expenses increased to HKD 9,322,658, representing a 90.9% increase from HKD 4,882,728 in the previous year[10]. - The company plans to enhance its research and development capabilities by recruiting additional R&D personnel to meet market demands and regulatory requirements[23]. - The company is developing the "China-Hong Kong Connect Data Treasure" and "Trading Counter" products to enhance its trading capabilities and improve order processing efficiency[20]. - The company completed the development of a customized solution for employee stock option management, which was launched in November 2018 with positive market feedback[16]. User Growth and Market Expansion - The number of registered users for the open securities trading platform "TradeGo Public Version" increased to approximately 112,000, up by about 16,000 or 16.7% from 96,000 the previous year[11]. - The company signed new service contracts with 14 Hong Kong brokers during the reporting period, expanding its integrated front office trading system services[15]. - The company aims to strengthen its integrated securities trading platform services by improving existing service offerings and developing new ones, as well as expanding its customer base[21]. - The establishment of the Guangdong-Hong Kong-Macao Greater Bay Area presents unprecedented development opportunities and competitive challenges for the company[15]. Financial Position and Cash Flow - As of March 31, 2019, cash and cash equivalents amounted to HKD 48,918,156, an increase of HKD 40,830,930 or 504.9% compared to HKD 8,087,226 as of March 31, 2018[42]. - The net current assets as of March 31, 2019, were HKD 38,730,100, up from HKD 4,423,273 as of March 31, 2018[44]. - Direct costs decreased to HKD 11,284,212, a reduction of HKD 624,766 or 5.2% from the previous year, primarily due to adjustments in licensing fees paid to data providers[30]. - Other income increased significantly to HKD 435,391, up HKD 301,983 or 226.4% year-on-year, mainly driven by increased interest income and government subsidies[31]. Corporate Governance and Management - The company reported a significant increase in overall management and strategic development under the leadership of its executive directors, with a focus on compliance and financial oversight[60][64]. - The management team has over 10 years of experience in the financial industry, contributing to the company's strategic direction and decision-making processes[60][61]. - The independent directors bring extensive experience in corporate governance, financial management, and legal affairs, enhancing the company's oversight capabilities[65][69][71]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[174]. Shareholder Information - As of March 31, 2019, the total number of issued shares was 500,000,000[146]. - Liu Yong holds 228,303,791 shares, representing 45.66% of the total shares[144]. - Maojia Holdings Limited owns 154,264,654 shares, accounting for 30.85% of the total shares[144]. - The total shareholding structure indicates significant control by a few major shareholders[144]. Risk Management - The company faces risks related to rapid changes in the integrated securities trading platform market and potential cybersecurity threats[90]. - The company has established a risk management system to monitor market trends and competitor activities[90]. - The focus on compliance and risk management is critical to maintaining investor confidence and ensuring sustainable growth[64][71]. Employee and Environmental Commitment - The company is committed to environmental protection and seeks to minimize its operational impact on the environment[92]. - The company emphasizes the importance of maintaining good relationships with employees, customers, and suppliers for achieving its goals[88]. - The company has established an incentive plan to reward participants for their contributions to business growth[114]. Audit and Compliance - The independent auditor, KPMG, audited the consolidated financial statements for the year ended March 31, 2019[169]. - The audit committee reviewed the consolidated financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[171]. - The company adhered to the corporate governance code as per GEM listing rules, with an exception noted for code provision A.2.1[173].

Financial Performance - For the nine months ended December 31, 2018, the group recorded unaudited revenue of approximately HKD 35.5 million, an increase of about 17.6% compared to HKD 30.2 million for the same period in 2017[5]. - The adjusted profit for the nine months ended December 31, 2018, was approximately HKD 2.4 million, a decrease of 46.7% from HKD 4.5 million for the same period in 2017[5]. - The total comprehensive loss for the nine months ended December 31, 2018, was HKD 10.4 million, compared to a total comprehensive income of HKD 0.058 million for the same period in 2017[9]. - The group reported a revenue of HKD 11.1 million for the three months ended December 31, 2018, compared to HKD 9.4 million for the same period in 2017[9]. - The company’s revenue for the nine months ended December 31, 2018, was approximately HKD 35,489,000, an increase of about HKD 5,303,000 or 17.6% compared to HKD 30,186,000 for the same period in 2017[35]. - The total revenue for the three months ended December 31, 2018, was HKD 11,103,000, an increase from HKD 9,449,000 in 2017, representing a growth of approximately 17.5%[25]. User Growth - The registered user count for the open securities trading platform "TradeGo Public Version" reached approximately 109,000, an increase of about 19.8% from 91,000 as of December 31, 2017[5]. - The number of registered users for the open securities trading platform "Trading Treasure Public Version" increased to approximately 109,000, up by about 18,000 or 19.8% from 91,000 as of December 31, 2017[35]. Losses and Costs - The basic loss per share attributable to owners of the company for the nine months ended December 31, 2018, was HKD 2.32, compared to a basic loss of HKD 0.05 for the same period in 2017[5]. - The group experienced a net loss of HKD 9.68 million for the nine months ended December 31, 2018, compared to a net gain of HKD 1.378 million for the same period in 2017[9]. - Employee costs for the period were approximately HKD 16,240,000, an increase compared to HKD 10,378,000 for the same period in 2017[43]. - Sales, general, and administrative expenses for the period were approximately HKD 5,267,000, an increase from HKD 3,260,000 for the nine months ended December 31, 2017, primarily due to increased professional fees and other administrative expenses[46]. - The group recorded a net loss of approximately HKD 9,683,000 for the period, compared to a loss of approximately HKD 204,000 for the nine months ended December 31, 2017, mainly due to increased listing expenses, sales, general and administrative expenses, and employee costs[47]. Accounting Standards and Adjustments - The impact of the initial application of HKFRS 9 and HKFRS 15 resulted in adjustments to trade and other receivables totaling HKD 11,518,000[18]. - The total liabilities increased by HKD 20,964,000 due to the adjustments from the new accounting standards[18]. - The company recognized an additional expected credit loss of approximately HKD 170,000 due to the adoption of the expected credit loss model under HKFRS 9[20]. - The cumulative loss as of April 1, 2018, increased by a net amount of HKD 4,453,000 due to the transition to HKFRS 15, which includes a delay in revenue recognition[21]. - The company expects that the adoption of HKFRS 15 will not have a significant impact on its future financial position and performance[23]. - The company anticipates that the new classification and measurement regulations under HKFRS 9 will not have a significant impact on the accounting treatment of its financial assets[20]. - The company has assessed the impact of adopting the expected credit loss model and does not expect a significant increase in credit losses for trade receivables[20]. Future Plans and Developments - The company plans to enhance its integrated securities trading platform services and expand its customer base through improved service offerings and marketing activities[40]. - A global futures trading platform is expected to be officially launched in January 2019, integrating front-end and back-end trading systems[40]. - The company initiated the development of the "China-Hong Kong Data Treasure" and plans to officially launch it in the second half of 2019[36]. - The group plans to allocate approximately 14.7% (HKD 6.6 million) of the net proceeds to develop innovative products and enhance R&D capabilities[50]. - Approximately 37.5% (HKD 16.8 million) of the net proceeds will be used to establish a domestic R&D center[50]. Shareholder Information - As of December 31, 2018, the total number of issued shares was 500,000,000[54]. - Major shareholder, Maojia Holdings Limited, holds 154,264,654 shares, representing 30.85% of total shares[57]. - VMI Mega Growth Fund owns 56,250,000 shares, accounting for 11.25% of total shares[57]. - Liu Xiaoming holds a spouse interest in 228,303,791 shares, which is 45.66% of total shares[57]. Corporate Governance - The company has complied with all applicable provisions of the corporate governance code as per GEM Listing Rules, except for the separation of the roles of Chairman and CEO, which are held by Mr. Liu Yong[67]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the nine months ended December 31, 2018, and confirmed compliance with applicable accounting standards and GEM Listing Rules[72]. - The company has adopted a code of conduct for securities trading by directors, which meets the standards set out in GEM Listing Rules[68]. - The company has established a non-competition agreement with key stakeholders to protect its interests[65]. - The company has maintained a balanced distribution of power and authority within the board, with over one-third being independent non-executive directors[67]. - The audit committee has been established to oversee financial reporting procedures and internal control systems[72].