Financial Performance - The company recorded an unaudited revenue of approximately HKD 10,400,000 for the three months ended June 30, 2020, a decrease of about 11.4% compared to HKD 11,700,000 in the same period last year[3]. - The profit attributable to owners of the company for the same period was approximately HKD 8,800,000, an increase from HKD 8,000,000 in 2019[3]. - Basic and diluted earnings per share for the period were both approximately HKD 0.40, compared to HKD 0.36 in the previous year[3]. - The total comprehensive income attributable to owners for the period was HKD 11,442,493, up from HKD 7,955,847 in 2019[6]. - The group’s revenue for the three months ended June 30, 2020, was approximately HKD 10,400,000, a decrease of about 11.4% compared to approximately HKD 11,700,000 for the same period in 2019[39]. - The profit attributable to the owners of the company for the three months ended June 30, 2020, was approximately HKD 8,800,000, an increase from approximately HKD 8,000,000 for the same period in 2019[40]. - The earnings per share for the three months ended June 30, 2020, was approximately HKD 0.40, compared to HKD 0.36 for the same period in 2019[40]. Expenses and Costs - Administrative expenses for the period were HKD 3,675,393, compared to HKD 4,629,684 in the previous year, indicating a reduction in costs[6]. - Administrative expenses decreased by approximately 20.6% to about HKD 3,700,000 for the three months ended June 30, 2020, down from approximately HKD 4,600,000 for the same period in 2019[39]. - The company’s financing costs decreased to HKD 38,772 from HKD 52,964 in the previous year[6]. Revenue Sources - The total revenue and investment income for the three months ended June 30, 2020, was approximately HKD 13,600,000, an increase of about 1.6% or HKD 200,000 compared to HKD 13,400,000 in the same period of 2019[29]. - Securities and futures brokerage income decreased by approximately 24.7% to about HKD 1,600,000 for the three months ended June 30, 2020, down from approximately HKD 2,100,000 in the same period of 2019[30]. - Interest income from customer securities and margin accounts or futures accounts was approximately HKD 2,000,000 for the three months ended June 30, 2020, a decrease of about 36.9% from HKD 3,200,000 in the same period of 2019[30]. - The income from placement and underwriting commissions was approximately HKD 616,000 for the three months ended June 30, 2020, compared to none in the same period of 2019[34]. - Interest income from loan financing was approximately HKD 5,000,000 for the three months ended June 30, 2020, unchanged from the same period of 2019[35]. - The interest income from financial assets measured at fair value through other comprehensive income for the three months ended June 30, 2020, was approximately HKD 800,000, compared to none in 2019[37]. Dividends - The board of directors did not recommend the payment of an interim dividend for the period, compared to no dividend in the same period last year[3]. - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2020, compared to zero in the same period of 2019[19]. Taxation - The Hong Kong profits tax expense for the three months ended June 30, 2020, was HKD 915,500, compared to HKD 731,472 in the same period of 2019[18]. Corporate Governance - The company continues to operate under the principles of Hong Kong Financial Reporting Standards, ensuring compliance with relevant regulations[11]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the three months ending June 30, 2020, ensuring compliance with applicable accounting standards[67]. - The company has adopted a code of conduct for directors' securities transactions, confirming compliance with the GEM Listing Rules during the reporting period[62]. - The company is committed to high standards of corporate governance, having complied with all applicable codes except for the separation of roles between the chairman and CEO[63]. - The company has not established a chairman position, with daily operations overseen by the CEO and executive directors[64]. - The company plans to elect a new chairman when appropriate[65]. Shareholder Information - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, accounting for 68.18% of the company's issued share capital[57]. - The share options plan allows for a total of up to 110,000,000 shares to be granted, representing 5% of the total shares as of June 30, 2020[45]. - As of June 30, 2020, the company had granted a total of 60,000,000 stock options to directors, representing approximately 2.73% of the total shares[55]. - The fair value of the granted stock options on the grant date was HKD 8,275,000, calculated using the Black-Scholes model with an expected volatility of 55.019% and a risk-free rate of 2.106%[52]. Future Plans - The group has no plans for significant investments or acquisitions of capital assets as of June 30, 2020, but will actively seek investment opportunities to enhance profitability[41]. - The company aims to expand its client base and strengthen its trading platform to develop its brokerage and underwriting businesses[42]. - The group is committed to exploring potential business opportunities to gain new revenue sources and further enhance profitability[44]. Market Performance - The total trading volume for securities transactions dropped approximately 85.9% to about HKD 3,743,500,000 for the three months ended June 30, 2020, compared to HKD 26,534,700,000 in the same period of 2019[30]. - The Hang Seng Index rose approximately 3.4% to 24,427 points as of June 30, 2020, compared to 23,603 points on March 31, 2020[28].
昌利控股(08098) - 2021 Q1 - 季度财报