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昌利控股(08098) - 2019 - 年度财报
2019-06-27 11:15
Financial Performance - Total revenue and investment income for the year was approximately HKD 50.3 million, a decrease of about 5.5% compared to the previous fiscal year[22] - Profit attributable to owners of the company was HKD 12.5 million, down approximately 24.0% year-on-year[22] - The value of the investment portfolio as of March 31, 2019, was approximately HKD 58.8 million, compared to approximately HKD 67.3 million in the previous fiscal year[22] - The total revenue and investment income for the year amounted to approximately HKD 50,300,000, a decrease of about 5.5% or HKD 2,900,000 compared to HKD 53,200,000 in 2018[26] - Commission and brokerage fees from securities trading were HKD 9,286,317, down 6.7% from HKD 9,953,071 in the previous year[26] - Interest income from clients, including margin clients, increased by 9.1% to HKD 31,319,620 from HKD 28,704,899[26] - The total trading volume for securities increased by approximately 24.3% to HKD 155,399,900,000 from HKD 124,978,800,000[29] - Interest income from loan financing services rose to approximately HKD 21,200,000, compared to HKD 17,000,000 in the previous year[31] Business Strategy and Outlook - The company plans to continue expanding its core business and exploring new business opportunities despite economic uncertainties[23] - The company aims to enhance its customer base and strengthen its trading platform to drive business growth[23] - The outlook for the Hong Kong financial market remains volatile, with the group focusing on expanding its client base and enhancing its trading platform[56] Financial Position and Ratios - The group's cash and bank balances decreased by approximately 30.1% to HKD 21,000,000 from HKD 30,100,000[38] - The current ratio as of March 31, 2019, was approximately 2.4 times, down from 3.5 times in the previous year[38] - The asset-to-equity ratio was 0.8% at the end of the reporting period, compared to zero in the previous year[38] - The group has maintained sufficient liquidity to meet its financial obligations, adhering to regulatory capital requirements[54] Corporate Governance - The board of directors is committed to high standards of corporate governance, ensuring effective risk management and oversight[60] - The company has adopted a code of conduct for directors' securities trading, confirming compliance with GEM Listing Rules, with no violations noted during the fiscal year ending March 31, 2019[64] - All independent non-executive directors have confirmed their independence according to GEM Listing Rules, ensuring compliance with governance standards[70] - The board held regular meetings, with attendance rates for directors at 100% for key members, indicating strong engagement in governance[71] - The company has no chairman currently, with daily operations overseen by the CEO, ensuring clear division of responsibilities[75] - The board is responsible for setting operational strategies and reviewing financial performance, with a focus on maximizing long-term shareholder value[67] - The company will arrange for the re-election of a new chairman at an appropriate time, indicating ongoing governance improvements[78] - All directors have received training on their responsibilities and relevant regulations, ensuring compliance and enhancing governance awareness[72] - The company maintains a robust accounting record system to monitor overall financial status, ensuring transparency and accountability[67] - The board is committed to communicating with major shareholders and regulatory bodies, reinforcing stakeholder engagement[67] Environmental and Social Responsibility - The total greenhouse gas emissions for the year 2019 were 76,496.49 kg CO2 equivalent, a decrease from 78,426.46 kg CO2 equivalent in 2018, representing a reduction of approximately 2.5%[106] - The energy consumption from purchased electricity in 2019 was 96,831.00 kWh, down from 99,274.00 kWh in 2018, indicating a decrease of about 2.9%[111] - The energy intensity for 2019 was 262.54 kWh per square meter, compared to 269.16 kWh per square meter in 2018, reflecting an improvement of approximately 2.5%[111] - The company did not generate any hazardous waste during the reporting period, with only 12 kg of recyclable paper disposed of in 2019, down from 16 kg in 2018[112] - The company has implemented various energy-saving measures, including the use of energy-efficient office equipment and encouraging employees to turn off computers and lights after work[110] - The company has not identified any significant violations of applicable environmental laws and regulations during the reporting period[113] - The company provides equal opportunities to employees and encourages a healthy work-life balance, offering various benefits including medical insurance and paid leave[114] - The company has not encountered any significant violations of employment laws and regulations during the reporting period[115] - The company has sponsored various community service activities, including sports teams, to promote employee engagement and well-being[116] Share Options and Remuneration - As of March 31, 2019, the total unexercised share options granted under the share option scheme amounted to 60,000,000 shares, representing approximately 2.73% of the company's equity[149] - The exercise price for the share options is set at HKD 0.2275 per share, valid until April 8, 2023[149] - The company has adopted a share option scheme to incentivize directors and eligible employees, which was established on February 22, 2011[161] - The share option scheme is designed to attract and retain top talent, providing additional rewards to employees, directors, and business partners[161] - The remuneration policy for directors is based on their experience, responsibilities, workload, and time dedicated to the group[157] Audit and Internal Control - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of March 31, 2019, in accordance with Hong Kong Financial Reporting Standards[194] - The assessment of impairment for trade and loan receivables is identified as a key audit matter due to the uncertainty and management judgment involved, which significantly impacts the group's financial performance and capital[197] - The auditor's procedures included evaluating the design and effectiveness of internal controls related to loan and advance monitoring, as well as comparing loan balances with supporting documentation[200]
昌利控股(08098) - 2019 Q3 - 季度财报
2019-02-14 08:31
Financial Performance - For the nine months ended December 31, 2018, the company recorded unaudited revenue of approximately HKD 36,700,000, an increase of about 0.4% compared to the same period last year[3] - The unaudited profit attributable to the owners of the company for the nine months ended December 31, 2018, was approximately HKD 19,100,000, representing an increase of about 1.9% year-on-year[3] - Basic and diluted earnings per share for the nine months ended December 31, 2018, were approximately HKD 0.87, compared to HKD 0.85 for the same period in 2017[3] - Total comprehensive income for the nine months ended December 31, 2018, was HKD 19,061,920, compared to HKD 18,701,290 for the same period in 2017[5] - The profit attributable to owners of the company for the nine months ended December 31, 2018, was approximately HKD 19,100,000, an increase from HKD 18,700,000 in 2017[34] Revenue Breakdown - The group's revenue from continuing operations for the nine months ended December 31, 2018, was approximately HKD 39,000,000, an increase of about 0.3% compared to approximately HKD 38,900,000 for the same period in 2017[25] - Securities and futures brokerage income increased approximately 3.6% to about HKD 7,200,000 for the nine months ended December 31, 2018, from approximately HKD 6,900,000 for the same period in 2017[26] - Interest income from loan and financing activities increased to approximately HKD 15,300,000 for the nine months ended December 31, 2018, compared to approximately HKD 12,100,000 for the same period in 2017[28] - The total trading volume for securities transactions was approximately HKD 138,996,200,000 for the nine months ended December 31, 2018, compared to approximately HKD 81,450,100,000 for the same period in 2017[26] Expenses and Losses - The company’s administrative expenses for the nine months ended December 31, 2018, were HKD (17,748,623), compared to HKD (17,487,925) for the same period in 2017[5] - The company experienced a significant decrease of approximately 94.0% in securities advisory service commission, dropping to HKD 60,000 for the nine months ended December 31, 2018, from HKD 1,000,000 for the same period in 2017[29] - The company’s total income from placement and underwriting commissions decreased by approximately 98.2% to about HKD 5,000 for the nine months ended December 31, 2018, from approximately HKD 280,000 for the same period in 2017[30] - The company experienced a net fair value change of HKD (2,817,440) for the three months ended December 31, 2018, compared to HKD 1,467,522 in the same period of 2017[5] - The company’s foreign exchange gains/losses showed a net loss of HKD 39,035 for the three months ended December 31, 2018, compared to a gain of HKD 656 for the same period in 2017[18] Dividends and Share Options - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2018, consistent with the previous year[3] - The total number of share options granted under the share option scheme as of December 31, 2018, was 100,000,000 shares, representing approximately 4.55% of the issued share capital[41] - The fair value of the share options granted was HKD 8,275,000, calculated using the Black-Scholes model[44] - The company has granted a total of 60,000,000 unexercised share options to directors as of December 31, 2018[47] Corporate Governance - The company has not adopted any new accounting standards that have a significant impact on the unaudited consolidated financial statements for the period[12] - The company has not established a chairman position, with daily operations managed by the CEO and executive directors[57] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the nine months ended December 31, 2018, ensuring compliance with applicable accounting standards[60] - The company adhered to all corporate governance code provisions during the nine months ended December 31, 2018, with some deviations noted regarding the separation of roles between the chairman and CEO[56] - The company is committed to high standards of corporate governance to protect shareholder interests and assets[56] Future Plans - The company has no significant investment or acquisition plans as of December 31, 2018, but will actively seek investment opportunities to enhance profitability[36] - The company aims to expand its margin and loan financing business as well as securities advisory services to meet client needs[37] Shareholding Structure - As of December 31, 2018, Zillion Profit Limited and Ms. Ou Xueming each held approximately 1,500,000,000 shares, representing 68.18% of the company's total shares[50] - The company has no knowledge of any other individuals holding 5% or more of the issued share capital as of December 31, 2018[51] Compliance and Awareness - No directors were aware of any business or interests that would compete with the group's business during the nine months ended December 31, 2018[53] - The company confirmed compliance with the trading code for directors during the nine months ended December 31, 2018[55] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2018[52]