Financial Performance - For the three months ended June 30, 2019, the company recorded an unaudited revenue of approximately HKD 11,700,000, representing an increase of about 2.6% compared to the same period last year[3]. - The profit attributable to the owners of the company for the same period was approximately HKD 8,000,000, down from HKD 11,800,000 in 2018[3]. - Basic and diluted earnings per share for the three months ended June 30, 2019, were both approximately HKD 0.36, compared to HKD 0.53 in 2018[3]. - The total comprehensive income attributable to owners increased from HKD 11,764,407 in 2018 to HKD 7,955,847 in 2019[6]. - Total revenue and investment income for the three months ended June 30, 2019, was approximately HKD 13,400,000, a decrease of about 29.0% or HKD 5,400,000 compared to HKD 18,800,000 in the same period of 2018[24]. - The profit attributable to the company's owners for the three months ended June 30, 2019, was approximately HKD 7,955,847, down from HKD 11,764,407 in the same period of 2018, representing a decrease of about 32.4%[21]. - Basic earnings per share for the three months ended June 30, 2019, was approximately HKD 0.36, compared to HKD 0.53 for the same period in 2018, reflecting a decrease of about 32.1%[30]. Dividends - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2019, compared to zero in 2018[3]. - The company did not recommend the distribution of an interim dividend for the three months ended June 30, 2019, consistent with HKD 0 in the same period of 2018[19]. Income and Expenses - The company reported a decrease in commission and brokerage fees from securities trading on the Stock Exchange, totaling HKD 2,080,842, down from HKD 2,171,054 in the previous year[15]. - Interest income from clients, including margin clients, increased to HKD 8,204,117 from HKD 7,744,461 in 2018[15]. - Interest income from customer securities and margin accounts for the three months ended June 30, 2019, was approximately HKD 3,200,000, an increase of about 17.1% from HKD 2,700,000 in the same period of 2018[25]. - The company's administrative expenses decreased by approximately 16.3% to HKD 4,600,000 for the three months ended June 30, 2019, down from HKD 5,500,000 in the same period of 2018[30]. - The financing costs for the period were recorded at HKD 52,964, with no financing costs reported in the previous year[6]. - The company experienced a net loss from financial assets measured at fair value through profit or loss, amounting to HKD 1,639,725 for the period[6]. Assets and Investments - The company's total assets as of June 30, 2019, amounted to HKD 245,217,243, an increase from HKD 237,261,396 at the beginning of the period[8]. - The total value of the investment portfolio as of June 30, 2019, was approximately HKD 61,700,000, an increase from HKD 58,800,000 as of March 31, 2019[28]. - The company does not have plans for significant investments or acquisitions as of June 30, 2019, but will actively seek investment opportunities to enhance profitability[31]. - The company aims to expand its client base and strengthen its trading platform to develop its brokerage and underwriting businesses[32]. Stock Options - The company has a stock option plan adopted on February 22, 2011, with a total of 110,000,000 shares available for grant, representing 5% of the total shares as of June 30, 2019[35]. - As of June 30, 2019, a total of 100,000,000 stock options have been granted under the plan, equivalent to approximately 4.55% of the issued share capital[38]. - The fair value of the granted stock options on the grant date was HKD 8,275,000, calculated using the Black-Scholes model[41]. - The exercise price of the stock options granted is set at HKD 0.2275, with a weighted average exercise price of HKD 0.2275[39]. - The expected volatility used in the fair value calculation was 55.019%[41]. - The maximum number of shares that can be issued upon exercise of stock options granted under the plan is capped at 1% of the issued shares as of the grant date[38]. - The company has granted a total of 60,000,000 stock options to directors, with each director receiving 20,000,000 options[44]. - The stock options granted to directors are valid from April 9, 2014, to April 8, 2023[39]. - The company must obtain shareholder approval for any further grants exceeding the 1% limit within a 12-month period[38]. Governance and Compliance - The board of directors is composed of experienced individuals who hold regular meetings to discuss operational matters affecting the group[53]. - The company has established an audit committee to review and supervise its financial reporting procedures and internal controls[55]. - The company has complied with all corporate governance code provisions as per GEM Listing Rules, with a noted deviation regarding the separation of roles between the chairman and the CEO[51]. Shareholding - Zillion Profit Limited and Ms. Ou Xueming hold 1,500,000,000 shares, representing 68.18% of the company's total issued share capital[45]. - No other interests or positions in shares or related securities were reported by directors or key executives as of June 30, 2019[42]. Securities Transactions - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2019[48]. Foreign Exchange - The company recorded a foreign exchange loss of HKD 17,950 for the three months ended June 30, 2019, compared to a loss of HKD 32,836 in the same period of 2018[4].
昌利控股(08098) - 2020 Q1 - 季度财报