Financial Performance - Revenue for the three months ended June 30, 2019, was approximately HKD 17.6 million, nearly unchanged from HKD 17.57 million for the same period in 2018[3] - Loss for the three months ended June 30, 2019, was approximately HKD 3.7 million, compared to a loss of HKD 1.2 million for the same period in 2018[3] - Basic and diluted loss per share for the period was HKD 0.16, an increase from HKD 0.04 in the same period last year[4] - Total comprehensive loss for the period attributable to owners of the company was HKD 3.75 million, compared to HKD 1.24 million in the previous year[4] - The group reported a revenue of HKD 17,568 thousand for the three months ended June 30, 2019, slightly down from HKD 17,574 thousand in the same period of 2018, with valuation and consultancy service fees contributing HKD 11,524 thousand and interest income from financing services contributing HKD 6,044 thousand[24] Expenses - Employee benefit expenses increased to HKD 13.72 million from HKD 12.00 million year-on-year, reflecting a rise of approximately 14.3%[4] - Depreciation and amortization expenses rose to HKD 2.34 million from HKD 1.23 million, marking an increase of approximately 90.9%[4] - Financial costs increased to HKD 741,000 from HKD 517,000, representing a rise of approximately 43.5%[4] - Other expenses increased by approximately 16.6% compared to the same period last year, mainly due to increased foreign exchange losses and share-based payments[43] Income - Other income for the three months ended June 30, 2019, was HKD 2.34 million, up from HKD 1.39 million, indicating a growth of approximately 68.2%[4] - The group reported other income of HKD 1,110 thousand from interest income for the three months ended June 30, 2019, up from HKD 673 thousand in the same period of 2018, indicating a growth of approximately 64.9%[25] - Other income increased by approximately 68.4% compared to the same period last year, primarily due to higher marketing service income and interest income[39] Corporate Governance - The company did not declare any dividends for the period[3] - The company did not declare any dividends for the current period, consistent with the previous year[32] - The company has adopted a code of conduct for directors regarding securities trading, which complies with the GEM listing rules[56] - The board believes that having the same individual serve as both chairman and CEO provides strong leadership and enhances efficiency in decision-making[59] - The company has complied with all corporate governance code provisions except for the separation of roles between the chairman and CEO[57] - No directors or related entities had significant interests in any major transactions or contracts affecting the group as of June 30, 2019[60] - There were no competitive business interests or conflicts of interest involving directors or their close associates during the reporting period[61] - The Audit Committee consists of three independent non-executive directors, with no prior or current independent auditors from the company among its members[64] - The Audit Committee's main roles include reviewing the financial system, accounting policies, financial condition, performance, and financial reporting procedures of the group[64] - The company has adopted a whistleblowing policy to allow employees and other stakeholders to report any misconduct confidentially[64] - The report was reviewed by the Audit Committee, which has not identified any issues with the unaudited condensed consolidated financial statements[64] Shareholding Structure - As of June 30, 2019, Mr. Yu holds 300,000,000 shares, representing 11.11% of the company's total issued shares, and has beneficial ownership of 30,004,083 shares, representing 1.11%[51] - Fast and Fabulous holds 300,000,000 shares, also representing 11.11% of the total issued shares as of June 30, 2019[52] - Aperto Investments Limited holds 264,250,000 shares, representing 9.79% of the total issued shares as of June 30, 2019[52] - The company did not redeem any of its shares listed on GEM during the period, nor did it purchase or sell any such shares[55] Business Operations - The company operates primarily in investment holding and provides assessment and consultancy services as well as financing services in Hong Kong[7] - The group generated revenue of approximately HKD 11.5 million from assessment and consultancy services, accounting for about 65.6% of total revenue, which remained stable compared to the same period last year[34] - Financing services contributed approximately 34.4% to total revenue, with interest income from financing services remaining stable compared to the same period last year[34] - The group is actively exploring various merger and acquisition opportunities to enhance its market position in the Hong Kong assessment and consultancy industry[34] - The group aims to become the leading valuation and advisory service provider in Hong Kong and will actively explore acquisition opportunities and business collaborations to enhance its market position[49] Lease Liabilities - The group recognized lease liabilities of HKD 5,402 thousand as of April 1, 2019, following the adoption of HKFRS 16, which includes HKD 4,458 thousand in right-of-use assets[15] - The weighted average incremental borrowing rate applied to lease liabilities as of April 1, 2019, was 2.51%[16] - Interest expenses for bank borrowings increased to HKD 702 thousand for the three months ended June 30, 2019, compared to HKD 500 thousand in the same period of 2018, representing a rise of 40.4%[28] - Depreciation of right-of-use assets amounted to HKD 1,104 thousand for the three months ended June 30, 2019, reflecting the impact of the new accounting standard[27] - The group incurred a total of HKD 741 thousand in finance costs for the three months ended June 30, 2019, compared to HKD 517 thousand in the same period of 2018, marking an increase of approximately 43.4%[28] - The group has chosen not to reassess contracts for leases upon initial application of HKFRS 16, maintaining previous evaluations under HKAS 17[14] - The group’s lease agreements primarily consist of office leases, typically with fixed terms ranging from 1 to 3 years[18]
罗马元宇宙集团(08072) - 2020 Q1 - 季度财报