Financial Performance - Total revenue for the first quarter was approximately HKD 2,000,000, a decrease of about HKD 1,200,000 or 37.5% compared to HKD 3,200,000 in the same period last year[11] - The company recorded a loss of approximately HKD 6,500,000 for the quarter, compared to a loss of about HKD 4,700,000 in the previous year, representing an increase in loss of approximately 38.3%[11] - The pre-tax loss for the quarter was HKD 7,359,000, compared to a pre-tax loss of HKD 5,300,000 in the same period last year[16] - Basic and diluted loss per share for the quarter was HKD 0.81, compared to HKD 0.58 in the previous year[16] - The total comprehensive loss for the period was HKD 6,455,000, compared to HKD 4,680,000 in the previous year[16] - For the three months ended March 31, 2021, the total loss was HKD 6,455,000, compared to a loss of HKD 4,680,000 for the same period in 2020, representing an increase in loss of approximately 37.9%[18] - Total revenue for the three months ended March 31, 2021, was HKD 2,049,000, down 36.9% from HKD 3,241,000 in the same period of 2020[26] - The company reported a net loss of HKD 2,232,000 in operating expenses for the three months ended March 31, 2021, compared to HKD 4,150,000 in the same period in 2020, reflecting a reduction of approximately 46.3%[29] Expenses - Salary and other benefits decreased by approximately HKD 1,900,000 or 46.2%, primarily due to a one-time bonus of HKD 2,000,000 paid to executive directors in the previous year[11] - Other operating and administrative expenses increased by approximately HKD 2,400,000 or 52.2%, mainly due to increased marketing expenses of about HKD 2,100,000 during the period[13] - Marketing expenses increased significantly to HKD 2,698,000 for the three months ended March 31, 2021, compared to HKD 592,000 in the previous year, representing a rise of approximately 355.6%[30] Shareholder Information - As of March 31, 2021, the company had a total issued share capital of 800,000,000 shares[51] - Mr. Pan Guohua and Mr. Chen Yingliang each hold 559,504,000 shares, representing approximately 69.94% of the company's issued share capital[50] - Mr. Pan Guohua's shareholding includes 271,504,060 shares he directly holds and 287,999,940 shares attributed to him due to being a concert party with Mr. Chen Yingliang[53] - Mr. Chen Yingliang's shareholding includes 287,999,940 shares he directly holds and 271,504,060 shares attributed to him due to being a concert party with Mr. Pan Guohua[54] Corporate Governance - The company has complied with the applicable code provisions of the Corporate Governance Code, except for a deviation regarding the separation of roles between the Chairman and the CEO[58] - Mr. Pan Guohua serves as both Chairman and CEO, responsible for overall strategic planning and business development[60] - The company emphasizes good corporate governance practices to protect shareholder interests and enhance corporate value[58] - No directors or controlling shareholders had interests in any competing businesses during the reporting period[56] - The company has established an audit committee to review financial reports and ensure compliance with applicable accounting standards and GEM listing rules[64] - The audit committee consists of three independent non-executive directors, ensuring proper oversight of financial reporting and risk management[64] Future Outlook - Management expects an increase in the customer base from China as the Hong Kong government plans to lift quarantine restrictions for non-residents, indicating potential recovery in financial performance for the remainder of the year[14] - The company launched remote authentication services during the quarter to assist potential customers from China in completing account opening procedures[10] Other Information - The company did not declare any dividends for the three months ended March 31, 2021, consistent with the previous year[35] - The company’s total liabilities and equity as of March 31, 2021, were not disclosed but are critical for assessing financial health[38] - There were no significant events related to the company's business or financial performance known to the directors after the reporting period[38] - As of March 31, 2021, the company and its subsidiaries did not purchase, sell, or redeem any listed securities[62] - The company has not granted any share options under the share option scheme adopted on December 19, 2017, up to the report date[54] - There were no arrangements made that would allow directors or key executives to acquire shares or bonds of the company or its affiliates during the three months ended March 31, 2021[55]
立桥证券控股(08350) - 2021 Q1 - 季度财报