Financial Performance - The company's revenue for the three months ended June 30, 2019, was HKD 14,305,000, a decrease of 20.5% compared to HKD 17,873,000 for the same period in 2018[8]. - Total income, including other income and gains, was HKD 14,342,000, down from HKD 17,877,000, reflecting a decline of 20.1% year-over-year[8]. - The company reported a loss before tax of HKD 1,169,000, compared to a profit of HKD 205,000 in the previous year, indicating a significant downturn[8]. - The net loss attributable to owners of the company for the period was HKD 1,152,000, compared to a loss of HKD 209,000 in the same quarter of 2018[8]. - Basic and diluted loss per share was HKD 0.14, compared to HKD 0.03 for the same period last year, representing an increase in loss per share[8]. - The company reported a loss of approximately HKD 1.2 million for the three months ended June 30, 2019, compared to a profit of HKD 3.0 million for the same period in 2018, indicating a significant decline in performance[43]. - Revenue decreased by approximately 20.1%, from HKD 17.9 million in the three months ended June 30, 2018, to HKD 14.3 million in the same period of 2019, primarily due to a reduction in trading volume[35]. - The decline in revenue and the increase in other operating expenses contributed to the overall loss for the period, reflecting the challenging market conditions faced by the company[43]. Operating Expenses - Employee costs decreased to HKD 7,626,000 from HKD 9,413,000, a reduction of 19.0% year-over-year[8]. - Other operating expenses increased to HKD 7,171,000 from HKD 4,966,000, reflecting a rise of 44.5% compared to the previous year[8]. - Employee costs decreased by approximately 19.1%, from HKD 9.4 million in Q2 2018 to HKD 7.6 million in Q2 2019, mainly due to a reduction in bonuses[38]. - Other operating expenses increased by approximately 44.0%, from HKD 5.0 million in Q2 2018 to HKD 7.2 million in Q2 2019, driven by increased erroneous transaction costs and legal fees[39]. - Erroneous transaction costs amounted to approximately HKD 3.2 million in Q2 2019, a significant increase of 464.4% compared to HKD 567,000 in Q2 2018, primarily due to a major trading error[39]. Taxation - The estimated Hong Kong profits tax for the three months ended June 30, 2019, was HKD 17,000, compared to a tax expense of HKD (414,000) in 2018, indicating a turnaround[27]. - The company recorded a tax credit of approximately HKD 17,000 for the three months ended June 30, 2019, compared to a tax expense of approximately HKD 414,000 in the same period of 2018[42]. Share Capital and Equity - The company’s total equity attributable to owners decreased to HKD 85,489,000 as of June 30, 2019, down from HKD 86,641,000 at the beginning of the quarter[9]. - The company's issued share capital as of the report date was HKD 8 million, divided into 800,000,000 ordinary shares with a par value of HKD 0.01 each[48]. - Major shareholders include Oasis Green Ventures Limited and Pacific Asset Limited, each holding 278,000,000 shares, representing 34.75% of the company's equity[64]. - Jolly Ocean Global Limited and its controlling entity, Shengtu Global Investment Limited, each hold 96,000,000 shares, accounting for 12.00% of the total equity[64]. Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[70]. - There are no known competitive interests or conflicts of interest among directors or major shareholders as of June 30, 2019[67]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ending June 30, 2019[78]. Compliance and Reporting - The company adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2019, with no significant impact on financial performance[20]. - The group recognized lease liabilities and corresponding right-of-use assets in accordance with the new accounting standards[19]. - The company did not early adopt any new standards that were not yet effective during the reporting period[20]. - The report will be published on the GEM website and the company's website for at least seven days from the publication date[79]. Employee Information - As of June 30, 2019, the company maintained a strong liquidity position and monitored cash flow daily to meet financial needs and regulatory requirements[46]. - As of June 30, 2019, the company had a total of 33 employees, an increase from 25 employees as of June 30, 2018[57]. Share Incentive Plans - The company injected 88,000,000 shares into the share reserve as part of its share incentive plan to attract and retain qualified participants[10]. - The company has adopted a share award plan on April 4, 2019, aimed at recognizing and rewarding contributions to growth, with no shares awarded under this plan since its adoption[74][76]. - The company has a stock option plan that allows for the issuance of up to 80,000,000 shares, which is 10% of the total issued share capital as of the report date[72]. - No stock options have been granted under the stock option plan since its adoption on July 30, 2018[73]. Other Information - The company continues to operate as an investment holding company, with its main operating subsidiary engaged in securities and futures contract trading[11]. - The company did not declare an interim dividend for the three months ending June 30, 2019[58]. - The company has no capital commitments as of June 30, 2019, and June 30, 2018[49]. - The company has no significant contingent liabilities as of June 30, 2019, and June 30, 2018[54]. - The board is unaware of any significant matters related to the company's business or financial performance after the reporting period[51]. - The company has not purchased, sold, or redeemed any of its listed securities during the three months ending June 30, 2019[69]. - The company has appointed Red Sun Capital Limited as its compliance advisor, with no reported interests related to the group as of June 30, 2019[68]. - The executive directors include Liu Mingyang, Cai Wenhao, Li Diwen, Feng Weiyi, and Wu Yuhui[79]. - The non-executive director is Yu Guodong, and the independent non-executive directors are Wen Xianfu, Ke Yanfeng, and Wu Binglin[79].

Financial Performance - The group's revenue for the fiscal year 2019 was approximately HKD 65.1 million, a decrease of about 15.2% compared to HKD 76.8 million in the fiscal year 2018[10]. - The net profit after tax for the fiscal year 2019 was HKD 0.2 million, down from HKD 4.8 million in the fiscal year 2018[10]. - The adjusted profit for the fiscal year 2019, excluding non-recurring listing expenses, was approximately HKD 5.2 million, a decline of 66.2% from HKD 15.4 million in the fiscal year 2018[10]. - The decrease in revenue was primarily attributed to a reduction in trading volume due to uncertainties surrounding the US-China trade war and rising interest rates in the US[10][17]. - For the fiscal year 2019, the total revenue was approximately HKD 65,148,000, a decrease from HKD 76,759,000 in 2018, representing a decline of about 15.0%[18]. - The net profit for the fiscal year 2019 was approximately HKD 0.2 million, down from HKD 4.8 million in 2018, primarily due to non-recurring listing expenses of about HKD 5.0 million in 2019[23]. Expenses and Costs - Employee costs decreased from approximately HKD 42.0 million in 2018 to about HKD 37.2 million in 2019, a reduction of approximately 11.4%[19]. - Other operating expenses increased from approximately HKD 16.6 million in 2018 to about HKD 21.1 million in 2019, an increase of approximately 27.1%[20]. - The total operating expenses for legal and professional fees rose by approximately 550.0% to HKD 1.3 million in 2019, primarily due to expenses related to the listing[20]. - The depreciation expense increased by approximately 280.1% to HKD 574,000 in 2019, attributed to new office renovations and IT infrastructure improvements[21]. - The income tax expense decreased from approximately HKD 3.0 million in 2018 to about HKD 1.1 million in 2019, a reduction of approximately 63.3%[22]. Financial Health and Ratios - As of March 31, 2019, the current ratio was approximately 18.0 times, significantly up from 4.0 times in 2018, indicating strong financial health[25]. - The interest coverage ratio for 2019 was approximately 44.3 times, down from 206.3 times in 2018, reflecting the impact of listing expenses[25]. - Cash and bank balances increased to approximately HKD 59.1 million in 2019 from HKD 21.4 million in 2018[25]. Business Operations and Strategy - The main business of the group is derivative brokerage, with all revenue generated from commission income for providing these services[14]. - The company aims to leverage its listing status and funds raised to expand its product portfolio and enhance profitability[11]. - The company is preparing to face potential volatile conditions in 2020 due to ongoing macroeconomic risks[11]. - The company has established arrangements with several executing brokers to provide derivative services for listed derivatives on the Singapore Exchange and single stock options on the Hong Kong Stock Exchange[15]. - The company is expanding its market presence in Asia, targeting a 20% increase in market share within the next two years[57]. Employee and Training - The group had a total of 31 employees as of March 31, 2019, an increase from 25 employees as of March 31, 2018[43]. - 43% of female employees and 63% of male employees received training during the year[164]. - 75% of senior management, 69% of middle management, and 30% of other employees participated in training programs[164]. - Average training hours per employee were 3 hours for females and 6 hours for males, with senior management receiving an average of 8 hours[164]. - The employee turnover rate was 8% for males and 43% for females, with a total employee count of 31, including 7 females and 24 males[161]. Governance and Compliance - The board of directors consists of five executive directors, one non-executive director, and three independent non-executive directors, fulfilling the GEM listing rules requirements[86]. - The company has maintained compliance with the corporate governance code since its listing date, ensuring transparency and accountability[83]. - The company has established appropriate policies and practices to promote business growth and effective operation[82]. - The board is responsible for assessing and managing risks associated with achieving strategic objectives, maintaining effective risk management and internal control systems[125]. - The company has established risk management procedures and guidelines, ensuring compliance through annual self-assessments across departments[125]. Environmental and Social Responsibility - Total greenhouse gas emissions for the year amounted to 55 tons of CO2 equivalent, with scope 1 direct emissions at 4 tons, scope 2 indirect emissions at 49 tons, and scope 3 other indirect emissions at 2 tons[154]. - The company generated 1,470 kg of non-hazardous waste, averaging 47.42 kg per employee, while hazardous waste produced was 600 grams, averaging 19.36 grams per employee[154]. - The company has a commitment to environmental protection, complying with local environmental laws and regulations[153]. - The company promotes green office strategies to minimize resource consumption and waste generation[157]. - The company encourages employee participation in charitable activities to foster a supportive community atmosphere[176]. Future Outlook - The company anticipates a revenue growth of 15% for the next fiscal year, projecting total revenues to reach approximately $120 million[55]. - New product launches are expected to contribute an additional $10 million in revenue, with a focus on innovative derivatives products[56]. - A strategic acquisition of a smaller competitor is in progress, which is expected to enhance the company's product offerings and client base[58]. - The company plans to enhance its digital marketing strategies, aiming for a H% increase in customer engagement metrics[68].

Financial Performance - For the three months ended December 31, 2018, the company's revenue was HKD 15,311,000, a decrease of 28.0% compared to HKD 21,268,000 for the same period in 2017[8] - For the nine months ended December 31, 2018, the total revenue was HKD 50,252,000, down 5.5% from HKD 53,134,000 in the previous year[8] - The company reported a pre-tax profit of HKD 374,000 for the three months ended December 31, 2018, compared to a loss of HKD 958,000 in the same period of 2017[8] - The net profit attributable to the owners of the company for the three months ended December 31, 2018, was HKD 131,000, compared to a loss of HKD 1,708,000 in the same period of 2017[8] - Basic and diluted earnings per share for the three months ended December 31, 2018, was HKD 0.02, compared to a loss per share of HKD 0.28 for the same period in 2017[8] - The company reported a loss of approximately HKD 0.6 million for the nine months ended December 31, 2018, compared to a profit of HKD 4.0 million for the same period in 2017, primarily due to non-recurring listing expenses of approximately HKD 5.0 million[34] - Revenue decreased from approximately HKD 53.1 million for the nine months ended December 31, 2017, to approximately HKD 50.3 million for the same period in 2018, representing a decline of about 5.3% attributed to reduced trading volume[27] - The company recorded a total revenue of approximately HKD 50.252 million for the nine months ended December 31, 2018, compared to HKD 53.134 million in 2017[29] Expenses and Costs - The company incurred total operating expenses of HKD 15,447,000 for the nine months ended December 31, 2018, compared to HKD 11,833,000 for the same period in 2017, reflecting a 30.0% increase[8] - The company’s employee costs for the nine months ended December 31, 2018, were HKD 28,870,000, slightly down from HKD 29,145,000 in the previous year[8] - Other operating expenses increased from approximately HKD 11.8 million in 2017 to approximately HKD 15.4 million in 2018, marking an increase of about 30.5% due to rising office rent and professional fees[31] - The operating lease payments for rental properties for the nine months ended December 31, 2018, were HKD 1,546,000, an increase of 114.4% from HKD 722,000 in the same period of 2017[20] - The company’s tax expense decreased by approximately 45% from HKD 2 million in 2017 to HKD 1.1 million in 2018, consistent with the decline in net profit[33] Assets and Capital - The company’s total assets as of December 31, 2018, amounted to HKD 85,871,000, an increase from HKD 38,769,000 as of April 1, 2018[9] - The company had a total issued share capital of HKD 8 million, divided into 800,000,000 ordinary shares with a par value of HKD 0.01 each[38] - The net proceeds from the IPO, after deducting related expenses, amounted to approximately HKD 27.3 million[49] - The net proceeds of approximately HKD 4.6 million from the IPO have been used for office expansion plans[50] Shareholder Information - As of December 31, 2018, Oasis Green Ventures holds 414,000,000 shares, representing 51.75% of the company's equity[57] - Jolly Ocean Global Limited, controlled by Pacific Asset Limited, also holds 96,000,000 shares, accounting for 12.0% of the company's equity[57] - Dense Jungle Limited owns 54,000,000 shares, which is 6.75% of the company's equity[57] - No directors or major shareholders have any competing business interests as of December 31, 2018[60] Corporate Governance - The company has complied with the corporate governance code since its listing on August 27, 2018[63] - The audit committee was established on July 30, 2018, and is composed of three independent non-executive directors[68] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2018[69] - The company has adopted a share option scheme to encourage contributions from eligible participants[66] - No share options have been granted under the share option scheme since its adoption[67] Other Information - The company completed the acquisition of DLS Capital Limited, which involved issuing shares as part of the transaction[10] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[43] - The company reported no significant contingent liabilities as of December 31, 2018[44] - The company has not made any major investments or capital asset plans beyond those disclosed in the prospectus dated August 14, 2018[42] - The company believes that foreign exchange risk has a minimal impact on its operations, primarily conducted in HKD and USD[45] - The company has not purchased, sold, or redeemed any of its listed securities from the listing date until December 31, 2018[62] - As of December 31, 2018, the company had 29 employees, an increase from 22 employees as of December 31, 2017[47] - No dividends were declared or proposed for the nine months ended December 31, 2018[21] - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2018, with no significant impact on the financial performance and position[13] - The group operates as an investment holding company, with its main operating subsidiary, De Riva, participating in the securities and futures contract trading business[1] - The company was incorporated on November 1, 2017, and its shares were listed on the GEM of the Hong Kong Stock Exchange on August 27, 2018[1] - The functional currency of the group is Hong Kong dollars, consistent with the presentation currency of the financial statements[1] - The group is considered a going concern entity, with no adjustments made to reflect fair value or recognize any new assets or liabilities arising from the reorganization[12]