Financial Performance - Total revenue for the nine months ended September 30, 2021, was approximately HKD 5,400,000, a decrease of about HKD 3,200,000 or 37.2% compared to approximately HKD 8,600,000 for the same period last year[18]. - The group recorded a loss of approximately HKD 13,900,000 for the nine months, an increase of about HKD 1,300,000 or 10.3% compared to a loss of approximately HKD 12,600,000 for the same period last year[18]. - The group’s revenue for the third quarter was HKD 1,345,000, down from HKD 2,521,000 in the previous quarter[21]. - Basic and diluted loss per share for the nine months was HKD 1.74, compared to HKD 1.57 for the same period last year[21]. - The company reported a total loss of HKD 12,576,000 for the nine months ended September 30, 2021, compared to a loss of HKD 19,811,000 for the same period in 2020, indicating a reduction in losses by approximately 36%[23]. - For the nine months ended September 30, 2021, the loss attributable to equity shareholders was HKD 13,912,000, which is a 10.6% increase from a loss of HKD 12,576,000 in the same period of 2020[40]. - The company reported a loss attributable to equity shareholders of HKD 3,262,000 for the three months ended September 30, 2021, compared to a loss of HKD 5,530,000 for the same period in 2020, representing a 41% improvement[40]. Revenue Sources - Brokerage commission income from futures and options trading in the Hong Kong market was HKD 2,442,000 for the nine months ended September 30, 2021, down 36.8% from HKD 3,864,000 in the same period of 2020[31]. - Total revenue for the nine months ended September 30, 2021, was HKD 5,358,000, a decrease of 38.5% compared to HKD 8,643,000 for the same period in 2020[31]. - Interest income from margin financing decreased to HKD 80,000 for the nine months ended September 30, 2021, compared to HKD 389,000 in the same period of 2020[31]. Cost Management - Salary and other benefits expenses decreased by approximately HKD 2,200,000 or 26.9%, mainly due to a one-time discretionary bonus of HKD 2,000,000 paid to executive directors in the previous year[18]. - Other operating and administrative expenses decreased by approximately HKD 2,100,000 or 12.3%, primarily due to reduced marketing expenses during the period[18]. - Strict cost control measures will be implemented, particularly focusing on rental and employee costs[19]. - The company incurred employee costs of HKD 6,093,000 for the nine months ended September 30, 2021, down 26.8% from HKD 8,333,000 in the same period of 2020[34]. Strategic Initiatives - The company plans to enhance revenue by increasing the products and services offered to existing and potential clients over the next 24 months[19]. - Development of new distribution channels and provision of brokerage services for other securities and futures companies in Hong Kong is part of the company's strategy[19]. - The company continues to focus on expanding its brokerage services in the Hong Kong, US, Japan, Singapore, and UK markets[25]. Shareholder Information - As of September 30, 2021, the company had a total issued share capital of 800,000,000 shares[57]. - Major shareholders, including Mr. Pan Guohua and Mr. Chen Yingliang, collectively hold 69.94% of the company's issued share capital, amounting to 559,504,000 shares[44][59]. - The board of directors did not declare any dividends for the nine months ended September 30, 2021, consistent with the previous year[41]. - No share options have been granted under the company's share option scheme since its adoption on December 19, 2017[60]. Compliance and Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring compliance with applicable provisions, except for the separation of roles between the Chairman and CEO[64]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited results for the nine months ended September 30, 2021, and confirmed compliance with applicable accounting standards and GEM Listing Rules[69]. Other Information - The company has not indicated any new product launches or significant technological advancements during this reporting period[30]. - There were no significant events related to the company's business or financial performance known to the directors after the reporting period[46]. - The company has not established any arrangements that would allow directors or key executives to acquire shares or bonds of the company or its affiliates during the nine months ended September 30, 2021[61]. - No directors or major shareholders had interests in any competing businesses as of September 30, 2021[62]. - As of September 30, 2021, the company has not purchased, sold, or redeemed any of its listed securities during the nine-month period[67]. - The company reported a net foreign exchange loss of HKD (66,000) for the nine months ended September 30, 2021, compared to a gain of HKD 324,000 in the same period of 2020[33].
立桥证券控股(08350) - 2021 Q3 - 季度财报