Financial Performance - The group's revenue for the nine months ended December 31, 2018, was approximately HKD 98,761,000, representing an increase of about 21% compared to the same period last fiscal year[11]. - The gross profit for the nine months ended December 31, 2018, was approximately HKD 64,598,000, compared to HKD 44,944,000 for the same period last fiscal year[11]. - The loss attributable to shareholders for the nine months ended December 31, 2018, was approximately HKD 77,075,000, compared to a loss of HKD 33,938,000 for the same period last fiscal year[11]. - The group reported a loss of HKD 21,441,037 for the three months ended December 31, 2018, compared to a loss of HKD 11,302,523 for the same period in 2017[18]. - The basic loss per share for the three months ended December 31, 2018, was HKD (1.88), compared to HKD (0.88) for the same period in 2017[18]. - The total comprehensive loss for the nine months ended December 31, 2018, was HKD 49,774,797, compared to HKD 44,847,347 for the same period in 2017[18]. - The group did not recommend the payment of an interim dividend for the nine months ended December 31, 2018[12]. Costs and Expenses - The group experienced a significant increase in direct costs, with costs for the nine months ending December 31, 2018, at HKD 34,163,194 compared to HKD 36,661,611 in the previous year[11]. - The administrative expenses for the nine months ended December 31, 2018, were HKD 119,591,678, compared to HKD 67,956,241 for the same period last fiscal year[18]. - The company's administrative expenses for the nine months ended December 31, 2018, totaled HKD 119,591,678, compared to HKD 67,956,241 for the same period in 2017, indicating a significant increase of approximately 76%[102]. - Employee costs for the nine months ended December 31, 2018, amounted to HKD 26,055,702, slightly up from HKD 25,660,130 in the same period of 2017, reflecting a marginal increase of about 1.5%[102]. Foreign Exchange and Financial Position - The group recorded a foreign exchange gain of HKD 27,300,371 for the nine months ended December 31, 2018[18]. - The company reported a foreign exchange loss of HKD 37,648,828 for the nine months ended December 31, 2018, compared to a gain of HKD 13,595,590 in the same period of 2017, indicating a significant negative shift[102]. - The total assets of the company as of December 31, 2018, were valued at HKD 1,044,098,641, compared to HKD 967,023,473 at the end of the previous year, representing an increase of approximately 8%[94]. - The company’s total liabilities as of December 31, 2018, were HKD 123,024,066, an increase from HKD 73,249,269 in the previous year, indicating a rise of approximately 68%[94]. - The company’s cash and cash equivalents as of December 31, 2018, were HKD 27,300,371, compared to HKD 50,235,250 at the end of the previous year, reflecting a decrease of approximately 46%[99]. - The company’s total equity as of December 31, 2018, was HKD 43,164,328, down from HKD 77,075,168 in the previous year, indicating a decline of approximately 44%[94]. Business Operations and Strategy - The group has expanded its operations into Europe and Singapore, leveraging its experience accumulated in Australia[118]. - The acquisition of Sun International Securities and Sun International Asset Management was completed on February 29, 2016, marking the group's entry into the financial services sector[119]. - The group is actively seeking opportunities to expand its business scope and revenue base within the financial services division[114]. - The anticipated launch of the Shenzhen-Hong Kong Stock Connect is expected to provide more opportunities for the group to offer professional services to Chinese investors and SMEs[123]. - The group aims to enhance operational efficiency and effectiveness while seeking strategic alliances to accelerate business development and improve financial conditions[123]. - The group will continue to strengthen its growth foundation in the horse services business despite a neutral economic outlook and increased risks of economic slowdown[123]. - The board will explore opportunities to restructure the business portfolio to enhance shareholder value[123]. Shareholder Information - First Cheer Holdings Limited holds 654,677,040 shares, representing 47.05% of the issued share capital[146]. - Raywell Holdings Limited owns 135,430,000 shares, accounting for 9.73% of the issued share capital[146]. - The company has not entered into any significant contracts with directors that would grant them substantial interests as of the end of the reporting period[146]. - There are no provisions for preemptive rights in the company's articles of association or under Cayman Islands law[149]. Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the nine months ended December 31, 2018[151]. - The company did not purchase, redeem, or sell any of its listed securities during the review period[153]. - The company has complied with the corporate governance code as per GEM Listing Rules, with one exception regarding the attendance of the chairman at the annual general meeting[156]. - The board of directors includes three executive directors and three independent non-executive directors as of the report date[158]. - The company has adopted a code of conduct for securities transactions by directors, adhering to the standards set by GEM Listing Rules[157]. - No significant interests or short positions in the company's shares were disclosed beyond those mentioned as of December 31, 2018[147].
帝国金融集团(08029) - 2019 Q3 - 季度财报