Financial Performance - For the financial services segment, total revenue reached approximately HKD 3,500,000, with a post-tax operating profit of about HKD 1,700,000[6]. - The group's revenue for the three months ended March 31, 2019, was approximately HKD 24,966,446, representing a 19% increase compared to HKD 20,999,980 in the same period last year[22]. - Revenue from continuing operations was HKD 24,678,895, up 21% from HKD 20,426,115 year-on-year[22]. - Gross profit for the same period was HKD 14,545,351, a 20% increase from HKD 12,114,346 in the previous year[22]. - Gross profit from continuing operations was HKD 14,265,538, reflecting a 23% increase compared to HKD 11,554,791 last year[27]. - The loss attributable to the owners of the parent company for the three months was approximately HKD 5,900,000, an improvement from HKD 15,100,000 in the same period last year[28]. - The group reported total revenue of HKD 24,678,895 for the three months ended March 31, 2019, compared to HKD 20,426,115 for the same period in 2018, representing an increase of approximately 21%[39]. - Gross profit for the same period was HKD 14,265,538, up from HKD 11,554,791 in 2018, indicating a growth of about 23%[39]. - The group incurred a loss before tax of HKD 5,358,532 for the three months ended March 31, 2019, compared to a loss of HKD 14,829,694 in the same period of 2018, showing an improvement of approximately 64%[39]. - The group reported a total comprehensive loss of HKD 5,611,078 for the three months ended March 31, 2019, compared to HKD 14,543,231 in 2018, indicating a reduction of about 61%[41]. Advertising and Media Business - The advertising and media business accounted for about 86% of the group's total revenue during the reporting period[5]. - The group operates the largest digital outdoor media network in Hong Kong and Singapore, with a total of 1,450 selected locations as of March 31, 2019, compared to 1,407 locations in the same period last year[10]. - The number of selected locations in Hong Kong increased from 893 to 928, while Singapore saw an increase from 514 to 522[10]. - The group holds exclusive advertising sales rights for key locations in Hong Kong, including Tsim Sha Tsui and Central, which are high-traffic areas[11]. - The company continues to develop new advertising partnerships in Singapore, enhancing its presence in strategic locations[13]. - The advertising and media segment generated revenue of HKD 21,228,446, compared to HKD 15,036,025 in the prior year, reflecting a growth of about 41%[64]. Financial Services Segment - Margin financing business contributed significantly, with margin loans granted to clients amounting to approximately HKD 168,000,000 as of March 31, 2019[6]. - The management team remains optimistic about the future of the financial services segment, aiming to expand the customer base and enhance shareholder returns[6]. - The group aims to further develop its financial services division and has sold its early childhood education business during the reporting period[21]. - The financial services segment reported revenue of HKD 3,450,449, slightly down from HKD 3,729,683 in the previous year, indicating a decrease of approximately 7.5%[64]. Operational Changes - The group has streamlined its operations by selling its early childhood education business and terminating its skincare retail business[5]. - The group sold its entire interest in Babysteps for HKD 1, which had accumulated losses of approximately HKD 6 million since its establishment in 2014[34]. - The group plans to expand its digital outdoor media network progressively, starting with selected locations[15]. - The group is actively seeking partnerships in Hollywood and/or Chinese studios for film production financing[19]. Assets and Liabilities - As of March 31, 2019, the group's net current assets were approximately HKD 226 million, a decrease from HKD 245 million as of December 31, 2018[29]. - The total assets as of March 31, 2019, were HKD 255,298,740, reflecting a decrease from the previous reporting period[44]. - The company recognized a foreign exchange gain of HKD 173,184 during the first quarter of 2019[44]. - The company completed the sale of a subsidiary, resulting in a transaction amount of HKD 1,598,836 during the period[44]. - The company had no significant contingent liabilities or pledged assets as of March 31, 2019, remaining unchanged from December 31, 2018[35][36]. Corporate Governance and Compliance - The company is registered in the Cayman Islands and primarily operates in financial services, advertising, film production, skincare retail, and early childhood education[46]. - The financial data for the first quarter of 2019 is prepared in accordance with HKFRS and GEM Listing Rules[49]. - The company’s shares are listed on the GEM of the Hong Kong Stock Exchange[47]. - The financial information for the first quarter of 2019 has been reviewed by the company's audit committee[48]. - The audit committee reviewed the unaudited condensed consolidated financial information for the three months ended March 31, 2019, ensuring compliance with applicable accounting standards[90]. - The company has complied with the corporate governance code as per the GEM Listing Rules during the reporting period[88]. - The company has adopted the GEM Listing Rules regarding the conduct of securities transactions by directors[87]. - There were no reported conflicts of interest involving directors or major shareholders during the three months ended March 31, 2019[86]. Shareholder Information - As of March 31, 2019, the company had a total of 1,147,092,240 shares issued[84]. - Profit Cosmo Group Limited holds 340,000,000 shares, representing approximately 29.64% of the total shares[81]. - iMediaHouse Asia Limited owns 69,079,800 shares, accounting for 6.02% of the total shares[81]. - The average number of ordinary shares in issue for calculating basic loss per share was 1,147,092,240 for both periods[69]. - No stock options were granted or exercised during the three months ended March 31, 2019[80]. - The company did not repurchase any of its listed securities during the three months ended March 31, 2019[85]. - The company did not declare any dividends for the three months ended March 31, 2019, consistent with the same period in 2018[30]. - The company did not recommend any dividend for the three months ended March 31, 2019, consistent with the previous year[68].
基石金融(08112) - 2019 Q1 - 季度财报