Financial Performance - The company's revenue decreased from HKD 50,700,000 to HKD 18,900,000, a decline of 62.7% for the fiscal year ending December 31, 2019[7]. - Revenue for the second half of the year was HKD 3,900,000, down 87.6% compared to HKD 31,400,000 in the same period last year[7]. - The company reported a significant increase in user engagement, with a year-over-year growth of 25% in active users[19]. - The revenue for the fiscal year ending December 31, 2019, reached $150 million, representing a 15% increase compared to the previous year[19]. - The company's revenue for the year ended December 31, 2019, was approximately HKD 18,919,000, a significant decrease of about 62.7% compared to HKD 50,736,000 for the previous year[28]. - The company recorded a loss of approximately HKD 16,535,000 for the year, compared to a profit of HKD 19,483,000 in the previous year, marking a substantial shift in performance[28]. - Basic and diluted loss per share for the year was approximately HKD 0.0207, compared to earnings of HKD 0.0246 per share in the previous year[29]. - Commission income from futures and options trading decreased significantly, with total commission income of HKD 18,384,000, down 63.8% from HKD 50,736,000 in the previous year[32]. - The number of active clients decreased by approximately 3.6% to 294 from 305 in the previous year, primarily due to social unrest in Hong Kong affecting new account openings by Chinese clients[43]. - The company experienced a substantial decline in commission income across all product categories, with decreases ranging from 31.4% to 94.1%[35]. Business Strategy and Future Outlook - New business segments, including stock options and securities brokerage, generated revenue of HKD 500,000 during the year[8]. - The company plans to launch more promotional activities and hold stock options seminars to attract existing and potential clients in Hong Kong[8]. - The company anticipates a challenging year ahead but sees opportunities to expand its customer base post-pandemic[9]. - The company will adhere to cost control policies and adjust business strategies in response to changing environments[9]. - The company aims for sustainable growth and long-term benefits for shareholders[9]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share over the next two years[19]. - New product launches are expected to contribute an additional $20 million in revenue in the upcoming fiscal year[19]. - The management team has set a performance guidance of 10-15% revenue growth for the next fiscal year[19]. - The company is exploring potential acquisitions to diversify its service offerings and enhance competitive advantage[19]. Operational Efficiency and Cost Management - The risk management committee has implemented new strategies to mitigate operational risks, which are expected to reduce potential losses by 20%[19]. - The financial team is focused on improving internal controls, with a goal to enhance reporting accuracy by 25%[19]. - Total employee costs for the year were approximately HKD 8,000,000, an increase from HKD 7,000,000 in the previous year, attributed to additional staff hired at the end of the previous year[45]. - Other operating and administrative expenses increased by approximately 59.9% to HKD 29,100,000 from HKD 18,200,000 in the previous year[46]. - Marketing expenses surged 309 times to HKD 11,100,000 from HKD 36,000 in the previous year, accounting for about 38.2% of general and administrative expenses[47]. - Transaction-related expenses decreased by approximately 41.0% to HKD 5,200,000 from HKD 8,700,000, representing about 17.7% of general and administrative expenses[48]. Corporate Governance and Compliance - The board consists of six members, including three executive directors and three independent non-executive directors[72]. - The company has complied with the GEM listing rules regarding the appointment of independent non-executive directors, ensuring at least one has appropriate professional qualifications[76]. - The board of directors is responsible for key matters including policies, strategies, budgets, internal controls, risk management, and significant transactions[81]. - The audit committee held five meetings during the year ended December 31, 2019, to review financial performance and internal controls[88]. - The remuneration committee conducted one meeting to review and recommend salary adjustments for directors and senior management for 2019[91]. - The nomination committee held one meeting to assess board diversity and the independence of non-executive directors[95]. - The risk management committee was established on March 26, 2020, to oversee risk management policies and procedures[96]. - The company ensures that all directors act in good faith and comply with applicable laws and regulations[82]. - The company adopted a board diversity policy on December 19, 2017, emphasizing the importance of diverse board members for maintaining competitive advantage[98]. - The company has established effective policies to prohibit commercial bribery, corruption, and money laundering, with no legal cases related to these issues reported during the period[150]. Environmental and Social Responsibility - The group generated 569 tons of CO2 equivalent emissions during the reporting period, including CO2, methane, and nitrogen oxides[133]. - Electricity consumption was 82,778 kWh, representing a reduction of over 15% compared to the previous reporting period[134]. - Paper usage was reduced by 2.5%, with approximately 156,904 pages printed during the reporting period[136]. - 89% of emissions came from paper consumption, totaling 504 tons of CO2 equivalent[137]. - The group encourages employees to use energy-saving modes and set room temperatures between 25 to 28 degrees Celsius to save energy[134]. - The group adheres to the 5Rs environmental protection principle (Reduce, Reuse, Recycle, Repair, Refuse) to enhance sustainability in daily operations[139]. - The gender ratio of employees is approximately 2:1, with a focus on providing equal opportunities based on fairness[140]. - The group provides comprehensive training programs and encourages employees to participate in continuous professional training[142]. - There were no recorded cases of work-related injuries or fatalities during the reporting period, complying with occupational safety regulations[141]. - The company encourages employees to participate in various volunteer and community activities, supporting social contributions as part of its sustainable development strategy[150]. Shareholder Information and Capital Structure - The company reported a total reserve amount available for distribution to equity shareholders of approximately HKD 24,349,000 as of December 31, 2019, down from HKD 36,437,000 in 2018[164]. - The largest customer accounted for approximately 22.5% of the total revenue, while the top five customers together represented about 61.6% of the total revenue for the year[166]. - The company did not recommend the payment of a final dividend for the year, consistent with the previous year[158]. - Major shareholders have confirmed compliance with the non-competition agreement established on December 19, 2017, with no violations reported during the year[175]. - As of December 31, 2019, the company had a total issued share capital of 800,000,000 shares, with major shareholders holding 69.94% of the shares[190]. - The stock option plan adopted on December 19, 2017, allows for the issuance of 80,000,000 shares, representing 10% of the issued shares as of the report date[193]. - The company maintains sufficient public float as per GEM Listing Rules, ensuring compliance with public shareholding requirements[200].

Financial Performance - For the nine months ended September 30, 2019, the total revenue was approximately HKD 18,225,000, a decrease of about 51.5% compared to HKD 37,636,000 for the same period last year[15]. - The brokerage commission income for the nine months was approximately HKD 18,200,000, down from HKD 37,600,000, reflecting a decrease of about 51.7%[15]. - The group recorded a loss of approximately HKD 5,634,000 for the three months ended September 30, 2019, compared to a profit of HKD 8,871,000 for the same period last year[20]. - The total comprehensive income for the nine months was HKD (5,550,000), compared to HKD 13,816,000 for the same period last year[20]. - The basic and diluted loss per share for the nine months was HKD (0.69), compared to earnings of HKD 1.75 for the same period last year[20]. - For the three months ended September 30, 2019, the company reported a basic and diluted loss per share of (0.70) HKD, compared to a profit of 1.11 HKD for the same period in 2018[36]. - For the nine months ended September 30, 2019, the company reported a basic and diluted loss per share of (0.69) HKD, compared to a profit of 1.75 HKD for the same period in 2018[36]. - The company reported a loss of HKD 5,550,000 for the period, contributing to a retained earnings deficit of HKD 8,826,000[21]. Revenue Sources - The average commission fee from index futures and options trading was approximately HKD 12,900,000, down from HKD 22,100,000 in the previous year[15]. - Commission income from futures and options trading in the Hong Kong market was HKD 6,089,000 for the nine months ended September 30, 2019, down from HKD 7,888,000 in the same period of 2018, representing a decrease of 22.7%[29]. - Total commission income from overseas markets for the same period was HKD 11,804,000, a decline of 60.3% compared to HKD 29,748,000 in 2018[29]. - The company generated interest income from margin financing of HKD 238,000 for the nine months ended September 30, 2019, compared to no income in the same period of 2018[29]. Expenses - Operating and administrative expenses increased by approximately HKD 4,600,000 or about 33.9%, primarily due to increased marketing expenses of about HKD 3,000,000[17]. - Salary and other benefits increased by 15.6% due to business expansion since the beginning of 2019[16]. - Employee costs for the nine months ended September 30, 2019, totaled HKD 5,945,000, an increase of 15.7% from HKD 5,141,000 in 2018[31]. - The company incurred operating lease expenses of HKD 1,999,000 for the nine months ended September 30, 2019, compared to HKD 1,949,000 in the same period of 2018[33]. Market Conditions - The company experienced a significant decline in client investment sentiment due to the escalation of the US-China trade war and local political conflicts in Hong Kong[18]. - The company anticipates that the challenging market conditions may continue to impact financial performance in the fourth quarter of 2019 and potentially into the first quarter of 2020[18]. Equity and Shareholder Information - For the nine months ended September 30, 2019, the total equity amounted to HKD 64,384,000, a decrease from HKD 81,067,000 as of January 1, 2019[21]. - The company’s major shareholders, Mr. Pan Guohua and Mr. Chen Yingliang, collectively hold 69.94% of the issued share capital[42]. - The total number of issued shares of the company as of the report date is 800,000,000 shares[51]. Corporate Governance - The audit committee has reviewed the unaudited results for the nine months ended September 30, 2019, and confirmed compliance with applicable accounting standards and GEM listing rules[63]. - The company has adhered to the corporate governance code, except for a deviation regarding the separation of roles between the chairman and CEO[58]. - The company is committed to regularly reviewing and improving its corporate governance practices[60]. - The company has established an audit committee to oversee financial reporting, risk management, and internal controls[63]. Business Operations - The company has not engaged in any business activities since its establishment in July 2016, except for a group reorganization in October 2017[23]. - As of September 30, 2019, the company had two subsidiaries, Excalibur Finance Limited and Shenzhen Qianhai Excalibur Investment Consulting Limited, which had no actual business operations[23]. - The company did not declare any dividends for the three months ended September 30, 2019, while a dividend of 0.01 HKD per share was declared for the same period in 2018[38]. - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ended September 30, 2019[61]. - The company has not granted any stock options under the stock option plan adopted on December 19, 2017, up to the date of this report[53]. - As of September 30, 2019, there were no arrangements that would give directors or key executives rights to acquire securities of the company or its affiliates[54]. - No directors or major shareholders had interests in any competing businesses as of September 30, 2019[55]. - The compliance advisor has confirmed that there are no interests in the company's equity by its employees or directors as of September 30, 2019[57].

Financial Performance - Total revenue for the six months ended June 30, 2019, was HKD 15,066,000, a decrease of 22.4% compared to HKD 19,342,000 for the same period in 2018[16]. - The company reported a loss before tax of HKD 3,228,000 for the three months ended June 30, 2019, compared to a profit of HKD 4,056,000 for the same period in 2018[16]. - The net loss attributable to equity shareholders for the six months ended June 30, 2019, was HKD 2,938,000, compared to a profit of HKD 4,945,000 for the same period in 2018[16]. - Basic and diluted loss per share for the six months ended June 30, 2019, was HKD 0.37, compared to earnings of HKD 0.63 for the same period in 2018[16]. - The total comprehensive income for the six months ended June 30, 2019, was HKD 84,000, a significant decrease from HKD 4,945,000 in 2018[16]. - The company experienced a net loss of HKD 156,000 from other losses for the six months ended June 30, 2019, compared to a loss of HKD 77,000 in 2018[16]. - The company reported a net loss of HKD 156 million for the six months ended June 30, 2019, compared to a net loss of HKD 77 million in the same period of 2018[63]. - The company recorded a tax expense of HKD 271,000 for the six months ended June 30, 2019, compared to a tax expense of HKD 1,626,000 in 2018, indicating a significant reduction in tax liabilities[65]. Revenue Sources - The brokerage commission income from futures and options trading in the Hong Kong market was HKD 1,981 million for the first half of 2019, down from HKD 2,603 million in 2018, representing a decrease of about 23.9%[60]. - Interest income from margin financing was HKD 60 million for the six months ended June 30, 2019, compared to no income reported in the same period of 2018[60]. - Over 99% of the revenue was generated from brokerage fees for futures and options trading, with brokerage fees from the Hong Kong market increasing by approximately 5.1%, while those from overseas markets decreased by approximately 31.2%[119]. - The company expanded its business by launching stock options and securities brokerage as well as margin financing services, generating approximately HKD 111,000 in revenue from these new services during the period[119]. Expenses and Costs - Other operating and administrative expenses increased to HKD 10,584,000 for the six months ended June 30, 2019, from HKD 7,945,000 in 2018, representing a 33.1% increase[16]. - Employee costs increased to HKD 3,971,000 for the six months ended June 30, 2019, up from HKD 3,412,000 in 2018, representing a 16.4% increase[68]. - The company's depreciation expenses for property and equipment increased to HKD 312,000 for the six months ended June 30, 2019, compared to HKD 47,000 in 2018, reflecting a significant rise in asset usage[68]. - Other operating and administrative expenses rose from approximately HKD 7,900,000 to approximately HKD 10,600,000, primarily due to increased marketing expenses of about HKD 1,500,000 in China[121]. Assets and Liabilities - Non-current assets increased to HKD 7,532,000 from HKD 5,069,000, representing a growth of 48.6%[20]. - Current assets decreased to HKD 90,124,000 from HKD 112,079,000, a decline of 19.6%[20]. - Total equity decreased to HKD 70,018,000 from HKD 78,734,000, a drop of 11.1%[23]. - The total assets less current liabilities as of June 30, 2019, were HKD 78,811 million, reflecting a slight increase from HKD 78,734 million as of December 31, 2018[54]. - The company recognized right-of-use assets amounting to HKD 105 million as of January 1, 2019, in accordance with the adoption of HKFRS 16[52]. - The total liabilities for leases due within one year were HKD 28 million as of June 30, 2019, with total future lease payments amounting to HKD 32 million[57]. Cash Flow - The company reported a net cash inflow from operating activities of HKD 23,224,000 compared to an outflow of HKD 4,983,000 in the previous year[29]. - Cash and cash equivalents rose to HKD 44,507,000 from HKD 30,251,000, an increase of 47.1%[20]. - The company's net current assets and working capital were approximately HKD 62,500,000 as of June 30, 2019, down from approximately HKD 73,700,000 as of December 31, 2018[125]. - The operating cash flow before changes in working capital was 880,000 HKD, compared to 6,548,000 HKD previously[82]. Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the deviation from the provision that the roles of chairman and CEO should be separate[162]. - The Audit Committee has been established in accordance with GEM Listing Rules and is responsible for reviewing the company's annual reports, interim reports, and quarterly reports[168]. - The Audit Committee consists of three independent non-executive directors, ensuring compliance with GEM Listing Rules[168]. - The Audit Committee reviewed the unaudited performance for the six months ended June 30, 2019, and confirmed that the financial statements were prepared in accordance with applicable accounting standards[168]. Future Outlook - The management anticipates that uncertainties such as the UK Brexit and the US-China trade war will continue to affect customer investment sentiment, leading to a pessimistic outlook for the third quarter[124]. - The group has no significant foreign currency risk as transactions are primarily denominated in HKD and USD, with no foreign currency hedging policy in place[127].

駿溢環球金融控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號：8350 第一季度業績報告 2019 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為相比起其他於聯交所上市的公司帶有較高投資風險的中小型公司 提供一個上市的市場。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 審慎周詳考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣的證 券承受較大的市場波動風險，同時無法保證於GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供 有關駿溢環球金融控股有限公司（「本公司」）的資料；本公司董事（「董事」）願就本報告 的資料共同及個別地承擔全部責任。董事在作出一切合理查詢後，確認就其所深知及 確信，本報告所載資料在各重要方面均準確完備，沒有誤導或欺詐成分，且並無遺漏 任何事項，足以令 ...

Financial Performance - The company's revenue increased from HKD 32.8 million to HKD 50.7 million, representing a growth of 54.5%[6] - The net profit turned from a loss of HKD 600,000 in the previous year to a profit of HKD 19.5 million, marking a significant recovery[6] - Basic earnings per share for the year were HKD 2.46, with a fourth interim dividend declared at HKD 0.01 per share[6] - The group’s revenue was highly concentrated, with the largest customer and the top five customers contributing approximately 28.1% and 65.1% of total revenue, respectively[53] - The group recorded a profit of approximately HKD 19,483,000 for the year, compared to a loss of approximately HKD 578,000 in the previous year[27] - The earnings per share for the year was approximately HKD 2.46, while the previous year recorded a loss per share of approximately HKD 0.16[28] Business Development and Strategy - The company aims to expand its business and enhance shareholder returns despite anticipated market volatility[9] - The management emphasizes the importance of new revenue sources for the company's growth and diversification in the brokerage market[8] - The company plans to invest in better services to enhance customer satisfaction and meet growing client demands[7] - The company aims to expand its market presence and enhance its service offerings through strategic planning and operational management[12][20] - The company has received approval to commence securities and stock options trading, which is expected to diversify revenue sources[8] Operational Efficiency - The company has upgraded its network and increased bandwidth capacity to provide better connectivity for clients[7] - The company has a robust operational structure with dedicated roles for technology management and risk oversight, ensuring efficient operations in trading activities[21] - The company is focused on continuous improvement in its operational strategies to drive growth and enhance shareholder value[19] Management and Governance - The company reported a significant increase in overall strategic planning and business development under the leadership of the CEO, Mr. Pan Guohua, who has over 23 years of experience in the securities and futures brokerage industry[12] - The company has a strong management team with extensive experience in finance and operations, including Mr. Luo Weiheng, the CFO, who has over 10 years of experience in financial analysis and reporting[20] - The company is committed to internal controls and anti-money laundering efforts, as highlighted by the responsibilities of Mr. Huang Wenteng, the settlement supervisor[24] - The company has established a clear division of responsibilities between the board and management, with the management team authorized to handle daily operations[79] - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring compliance with GEM Listing Rules regarding board composition[68] Compliance and Risk Management - The company has engaged an independent internal control consultant to evaluate its internal control systems and improve compliance measures[100] - The group has reviewed its risk management and internal control systems, finding them effective and adequate for the financial, operational, and compliance aspects[101] - The company has established a risk management policy and measures, including the formation of a risk management team to regularly review and assess identified risks[100] Environmental and Social Responsibility - The group aims to improve environmental sustainability and fully comply with environmental laws and regulations in its daily operations[125] - The group has implemented procedures to strictly prohibit unauthorized access and use of information related to insider information[101] - The company actively participated in community investment, contributing to organizations supporting visually impaired individuals and impoverished students in China and Hong Kong during the year ending December 31, 2018[140] Shareholder Information - The company declared a fourth interim dividend of HKD 0.01 per share for the year ended December 31, 2018, compared to no dividend in 2017[148] - As of December 31, 2018, the distributable reserves available for shareholders amounted to approximately HKD 36,437,000, compared to zero in 2017[155] - The annual general meeting is scheduled for May 29, 2019, with a suspension of share transfer registration from May 24 to May 29, 2019[151] Market Environment - The financial market environment for 2019 is expected to remain uncertain due to factors like the US-China trade war and Brexit[9]