Financial Performance - For the nine months ended September 30, 2022, the total revenue was HKD 1,105,165,000, a decrease of 53% compared to HKD 2,358,486,000 for the same period in 2021[2] - The company reported a loss attributable to shareholders of HKD 2,497,946,000 for the nine months ended September 30, 2022, compared to a profit of HKD 1,150,275,000 in the same period of 2021[3] - The basic loss per share for the nine months ended September 30, 2022, was HKD (38.38), compared to earnings of HKD 17.76 per share in the same period of 2021[3] - The company reported a significant drop in financial assets held for trading, decreasing from HKD 3,265,941 thousand to HKD 1,524,216 thousand, a reduction of about 53%[5] - The company reported a net loss of HKD 2,497,946 thousand for the nine months, compared to a profit of HKD 1,150,275 thousand in 2021, indicating a significant loss swing[9] - The total expenses for the nine months were HKD 3,193,341 thousand, compared to HKD 2,346,464 thousand in the previous year, an increase of about 36.2%[9] Assets and Liabilities - The total assets as of September 30, 2022, were HKD 102,984,487,000, a decrease of 2% from HKD 104,991,595,000 as of December 31, 2021[2] - Total liabilities reached HKD 78,137,515 thousand, compared to HKD 77,465,150 thousand, showing a slight increase of about 0.9%[5] - The equity attributable to shareholders decreased by 10% to HKD 24,846,972,000 as of September 30, 2022, from HKD 27,526,445,000 as of December 31, 2021[2] - The company’s net current assets decreased to HKD 17,950,295 thousand from HKD 29,601,276 thousand, a significant decline of approximately 39.6%[5] - The company’s total investments in consolidated investment funds amounted to HKD 72.92 billion, an increase from HKD 59.05 billion as of December 31, 2021[25] Revenue Streams - The company experienced a significant decline in commission and fee income, which was HKD 330,533,000 for the three months ended September 30, 2022, down from HKD 700,851,000 in the same period of 2021[3] - Wealth Management segment revenue for the nine months was HKD 720,141 thousand, down from HKD 1,184,259 thousand in the previous year, reflecting a decrease of about 39.1%[9] - The Investment segment reported a loss of HKD 1,848,401 thousand for the nine months, compared to a profit of HKD 1,066,579 thousand in 2021, indicating a significant downturn[9] - The company’s total other income and gains for the nine months was HKD 184,430 thousand, compared to HKD 4,961,503 thousand in 2021, a decline of about 96.3%[9] Financial Costs and Impairments - The company reported a financial cost of HKD (352,404,000) for the three months ended September 30, 2022, compared to HKD (250,808,000) in the same period of 2021[3] - The company recorded a net impairment charge of HKD 50,199,000 for the three months ended September 30, 2022, compared to HKD 46,623,000 for the same period in 2021[16] - The company recorded an impairment provision of HKD 1.34 billion for margin loans due to a decrease in the market value of collateral securities[30] Shareholder Information - The number of issued shares increased by 10% to 6,641,563,594 shares as of September 30, 2022, from 6,037,785,086 shares as of December 31, 2021[2] - The company issued 603,778,508 bonus shares on June 23, 2022, based on a ratio of one bonus share for every ten existing shares held[22] - The company did not declare an interim dividend for the six months ended June 30, 2022, and has a policy of considering dividends at mid-year and year-end only[22] Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[9] - The company’s risk management department closely monitors credit risk associated with margin financing, ensuring strict control over financing balances[29]
海通国际(00665) - 2022 Q3 - 季度财报