Financial Performance - For the three months ended June 30, 2019, the group recorded unaudited revenue of approximately HKD 10.64 million, a decrease of about 9.9% compared to HKD 11.80 million for the same period in 2018[6]. - The group's net profit for the same period was approximately HKD 2.74 million, an increase of 77.1% from HKD 1.55 million in the previous year[6]. - Basic earnings per share attributable to owners of the company for the three months ended June 30, 2019, was HKD 0.58, compared to HKD 0.41 for the same period in 2018[6]. - The group reported a pre-tax profit of HKD 2.78 million for the period, compared to HKD 2.27 million in the same period last year[11]. - Total comprehensive income for the period was HKD 2.21 million, up from HKD 1.14 million in the previous year[11]. - The group's revenue for the period was approximately HKD 10,636,468, a decrease of about HKD 1,164,266 or 9.9% compared to the same period in 2018[37]. - Other income for the period was HKD 1,196,344, an increase of HKD 1,078,892 or 918.6% compared to the same period in 2018, primarily due to increased interest income and government grants[38]. - The group recorded a profit of HKD 2,739,368 for the period, an increase of HKD 1,192,713 or 77.1% compared to the same period in 2018, driven by increased other income and reduced employee costs[44]. User Growth and Market Expansion - As of June 30, 2019, the number of registered users on the open securities trading platform "TradeGo Public Version" was approximately 117,936, an increase of about 17,841 users or 17.8% from 100,095 users a year earlier[6]. - The number of registered users for the open securities trading platform "Trading Treasure Public Version" increased to approximately 117,936, representing an increase of about 17,841 users or 17.8% from 100,095 users a year ago[32]. - The company plans to officially launch the "China-Hong Kong Stock Connect Data Treasure" in the second half of 2019, aiming to expand its market presence[32]. - The company anticipates continued expansion in the Hong Kong financial market, which will drive further growth opportunities[32]. Cost Management - The group’s direct costs for the period were HKD 2.72 million, slightly reduced from HKD 2.73 million in the previous year[11]. - Employee costs decreased to HKD 3.03 million from HKD 4.25 million year-on-year[11]. - Employee costs decreased to HKD 3,034,333, down HKD 1,210,882 or 28.5% compared to the same period in 2018, mainly due to increased capitalization of research and development projects[39]. - Sales, general, and administrative expenses increased to HKD 2,345,420, an increase of HKD 727,392 or 45.0% compared to the same period in 2018, due to higher legal, professional, and advertising expenses[43]. - Depreciation and amortization increased to HKD 956,365, an increase of HKD 76,847 or 8.7% compared to the same period in 2018, primarily due to increased amortization of internally developed software systems[40]. Corporate Governance and Shareholder Information - The board did not declare any dividends for the three months ended June 30, 2019, consistent with the previous year[6]. - The company did not declare or pay any interim dividends for the periods ending June 30, 2018, and June 30, 2019[27]. - As of June 30, 2019, the total number of issued shares was 500,000,000[64]. - Maojia Holdings Limited holds 154,264,654 shares, representing 30.85% of total shares[62]. - Xincheng International Limited holds a total of 74,039,137 shares, accounting for 14.81% of total shares[62]. - VMI Mega Growth Fund SPC holds 56,150,000 shares, which is 11.23% of total shares[62]. - Hezhi Global Limited holds 52,650,053 shares, representing 10.53% of total shares[62]. - Liu Xiaoming holds 228,303,791 shares, which is 45.66% of total shares[62]. - The company does not have any other known shareholders with significant interests as of June 30, 2019[68]. - The company is subject to the Securities and Futures Ordinance regarding the disclosure of interests and short positions[59]. - The voting rights of shareholders are controlled by the board of directors of Xincheng International Limited[64]. - The company has adopted a share option plan on August 29, 2018, aimed at attracting and retaining outstanding employees, with no options granted, exercised, or canceled by June 30, 2019[69]. - The company established a pre-IPO share incentive plan on July 16, 2015, revised on July 10, 2017, to recognize contributions to business growth[70]. - The company adopted a share award plan on December 19, 2018, to reward employees and attract talent, with a total of 24,820,000 shares purchased at approximately HKD 12,445,379 by June 30, 2019[72]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the period[73]. - The company confirmed that no competitive business activities were conducted by directors or major shareholders during the period[74]. - The company has complied with all applicable corporate governance codes, except for a deviation regarding the separation of roles between the chairman and CEO[79]. - The audit committee, established on August 29, 2018, reviewed the unaudited results for the three months ending June 30, 2019, ensuring compliance with applicable accounting standards and regulations[89]. - There were no significant events affecting the group after June 30, 2019, up to the report date[86]. - The company has adopted a code of conduct for directors' securities trading, confirming compliance during the period[84]. - There were no changes in the board of directors during the period[85]. Future Plans and Product Development - The company plans to enhance its integrated securities trading platform services and expand its customer base by improving existing services and developing new service offerings[46]. - A new trading desk product is set to be launched in the second half of 2019, designed to accelerate the processing of investor transaction orders[32].
捷利交易宝(08017) - 2020 Q1 - 季度财报