Financial Performance - The company recorded unaudited revenue of approximately HKD 58,500,000 for the nine months ended December 31, 2018, representing an increase of about 11.9% compared to approximately HKD 52,300,000 for the same period in 2017[4]. - Net profit for the nine months ended December 31, 2018, was approximately HKD 19,300,000, compared to approximately HKD 9,200,000 for the same period in 2017[4]. - Basic and diluted earnings per share for the nine months ended December 31, 2018, were HKD 2.34, up from HKD 1.10 for the same period in 2017[5]. - Total comprehensive income for the period was HKD 17,751,000, compared to HKD 6,147,000 for the same period in the previous year[9]. - Total profit before tax was HKD 23,095,000 for the nine months ended December 31, 2018, compared to HKD 12,691,000 for the same period in 2017, indicating an increase of 82.5%[31]. - The company reported a total income of HKD 58,541,000 for the nine months ended December 31, 2018, up from HKD 52,307,000 in the same period in 2017, representing an increase of 12.8%[34]. - The company reported a significant increase in profit margins, with segment profit margins improving due to higher revenue and effective cost management strategies[32]. Revenue Breakdown - Total revenue for the period was HKD 452,008,000, representing a significant increase compared to previous periods[12]. - The revenue from corporate finance services was HKD 11,604,000, down from HKD 12,007,000 in the previous year, indicating a decrease of about 3.4%[29]. - The total rental income from investment properties was HKD 9,067,000, slightly up from HKD 9,004,000 in the previous year, showing an increase of about 0.7%[29]. - The total income from investment properties for the nine months ended December 31, 2018, was HKD 27,383,000, compared to HKD 25,099,000 in the same period in 2017, representing an increase of approximately 9.1%[25]. - Corporate finance services contributed approximately 56.1% of the total revenue for the third quarter of the fiscal year 2019, with the remainder coming from property investments[62]. Expenses and Costs - The company incurred expenses of approximately HKD 1,800,000 related to the proposed transfer of its listing status to the main board of the Stock Exchange[5]. - The company reported a tax expense of HKD 3,755,000 for the nine months ended December 31, 2018, compared to HKD 3,480,000 for the same period in 2017[7]. - The financial cost for the nine months ended December 31, 2018, was HKD 4,194,000, an increase from HKD 3,940,000 for the same period in 2017[35]. - The company’s total employee costs, excluding directors' remuneration, were HKD 11,335,000 for the nine months ended December 31, 2018, compared to HKD 9,328,000 for the same period in 2017, indicating a rise of 21.5%[45]. Investment and Assets - The fair value change of investment properties for the nine months ended December 31, 2018, was HKD 9,000,000[7]. - The retained earnings amounted to HKD 251,428,000, with a total comprehensive income of HKD 266,533,000 for the period[12]. - The total assets were valued at HKD 437,685,000, showing a solid asset base for future growth[12]. - The investment revaluation reserve stood at HKD 241,000, indicating potential growth in investment value[12]. - The company has plans for market expansion and new product development, aiming to enhance its competitive position[12]. Dividends and Shareholder Information - The company did not recommend the payment of any interim dividend for the third quarter of the fiscal year 2019[5]. - The company declared an interim dividend of JPY 22,885 per share for the first half of 2018, compared to JPY 60,414 per share for the first half of 2017, reflecting a decrease of approximately 62%[47]. - The company did not recommend any interim dividend for the third quarter of the fiscal year 2019, consistent with the previous year where no dividend was declared[48]. - Major shareholders, including Flying Castle Limited, hold approximately 71.9% of the company's issued share capital[89]. Corporate Governance and Compliance - The company has complied with corporate governance codes as per GEM listing rules for the nine months ended December 31, 2018[105]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the nine months ended December 31, 2018, ensuring compliance with applicable accounting principles[111]. - There were no interests held by directors or major shareholders in any competing businesses as of December 31, 2018[107]. Market Conditions and Future Outlook - The board observed a weakening in the Hong Kong stock market due to ongoing US-China trade disputes and rising interest rates, impacting the progress of certain sponsorship appointments[73]. - The group aims to seek more financial advisory and independent financial consultant appointments to balance its sponsorship income amid current market conditions[73]. - The rental performance of the group's properties is expected to remain stable, with continued efforts to seek attractive investment opportunities despite a slower investment pace[75]. - The group plans to update its application for a board transfer to the stock exchange, with no clear timeline established yet[72].
浩德控股(08149) - 2019 Q3 - 季度财报