Financial Performance - For the reporting period, the revenue was approximately HKD 51,752,730, an increase of about 11.7% compared to HKD 46,311,429 in the previous year[6] - The profit for the reporting period was HKD 13,025,105, compared to a loss of HKD 17,697,740 in the same period last year[7] - The company's revenue increased by HKD 5,441,301 or 11.7% to HKD 51,752,730, compared to HKD 46,311,429 in the previous period[18] - The group's profit before tax was HKD 13,253,371, a significant improvement from a loss of HKD 16,892,454 in the previous year, attributed to revenue growth and cost reductions[51] - Earnings per share for the reporting period were HKD 0.0274, compared to a loss per share of HKD 0.0406 in the same period last year[54] - The company reported a net profit margin of 12% for 2019, reflecting improved operational efficiency[78] User Growth and Engagement - The number of registered users for the open securities trading platform "TradeGo" increased to approximately 144,000, up by about 28.6% from 112,000 in the previous year[10] - The number of registered users for the integrated platform "Bao" reached approximately 292,000, an increase of 32% from 221,000 in the previous year[14] - The number of registered users for the trading platform increased by approximately 32,000 or 28.6% to about 144,000, up from approximately 112,000[18] - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users, reaching 1.5 million users by the end of 2019[78] Research and Development - Research and development expenses were HKD 4,344,707, a decrease of approximately 53.4% from HKD 9,322,658 in the previous year[9] - The company has recruited 28 R&D personnel to enhance its research and development capabilities[25] - The company has purchased four computers and various testing devices to enhance R&D capabilities and improve software compatibility[1] - The establishment of a research and development center in Shenzhen is planned, with a property of approximately 700 square meters being sought[31] Cost Management - Direct costs for the reporting period were HKD 14,982,032, an increase of HKD 3,697,820 or 32.8% compared to the previous period, primarily due to the purchase of technical services to optimize backend management software[43] - Employee costs for the reporting period were HKD 13,629,050, a decrease of HKD 10,817,947 or 44.3% compared to the previous period, attributed to increased capitalization of R&D project employee costs[45] - Selling, general, and administrative expenses for the reporting period were HKD 7,417,372, a decrease of HKD 2,247,848 or 23.3% compared to the previous period, primarily due to reduced audit and rental expenses[47] Strategic Initiatives - The company signed new service contracts with 14 Hong Kong brokers during the reporting period to expand its front-end trading system services[13] - The company aims to enhance its integrated securities trading platform services and attract more institutional clients with upgraded systems[21] - The company plans to continue investing in cloud infrastructure to support institutional clients transitioning to online services[21] - A strategic acquisition of a fintech startup is in progress, expected to enhance the company's service offerings and customer base[78] Corporate Governance - The company adheres to high standards of corporate governance to enhance transparency and improve disclosure quality[198] - The board consists of seven members, including three executive directors and three independent non-executive directors, complying with GEM listing rules[200] - All independent non-executive directors confirmed their independence according to GEM listing rules[152] - The governance report confirms adherence to the corporate governance code, with one exception noted[198] Market and Regulatory Environment - The company actively monitors global and local regulatory developments that may impact its operations and has set up a management team to respond to changes[1] - The company continues to face risks related to rapid changes in the integrated securities trading platform market and potential cybersecurity threats[108] Dividend Policy - The company did not recommend the payment of any final dividend for the reporting period[11] - The board does not recommend any final dividend for the reporting period, consistent with the previous year[68] Employee and Talent Management - The company has a stock option plan in place aimed at attracting and retaining top talent, with a maximum of 50,000,000 shares available for issuance, representing 10% of the issued shares[138] - The company adopted a share incentive plan on December 19, 2018, aimed at rewarding employees and attracting talent for long-term growth[146] - The company has not provided any additional retirement benefits beyond mandatory contributions to the MPF scheme and social insurance in China[186] Financial Position - Cash and cash equivalents as of March 31, 2020, were HKD 45,798,364, a decrease of HKD 3,119,792 or 6.4% from HKD 48,918,156 a year earlier[55] - As of March 31, 2020, the distributable reserves available to shareholders amounted to approximately HKD 41,074,743, a decrease from HKD 47,594,205 in the same period last year[119] - The company maintained no bank borrowings during the reporting period[124]
捷利交易宝(08017) - 2020 - 年度财报