Financial Performance - For the first quarter of the fiscal year 2020, the company reported unaudited revenue of approximately HKD 16,500,000, an increase of about 3.7% compared to HKD 15,900,000 in the same period of the previous fiscal year[6]. - The net profit for the first quarter of fiscal year 2020 was approximately HKD 200,000, a significant improvement from a net loss of approximately HKD 1,400,000 in the first quarter of fiscal year 2019[6]. - The total comprehensive income for the first quarter of fiscal year 2020 was HKD 8,439,000, compared to a total comprehensive loss of HKD 16,428,000 in the same period of the previous fiscal year[10]. - The company reported a pre-tax profit of HKD 1,220,000 for the first quarter of fiscal year 2020, compared to a pre-tax loss of HKD 1,015,000 in the previous year[9]. - The total revenue for Q1 2020 was HKD 16,494,000, representing an increase of 3.67% compared to HKD 15,908,000 in Q1 2019[26]. - The total profit before tax for Q1 2020 was HKD 1,220,000, a recovery from a loss of HKD 1,015,000 in Q1 2019[33]. Revenue Breakdown - Revenue from corporate finance services in Q1 2020 was HKD 7,145,000, up 7.65% from HKD 6,637,000 in Q1 2019[26]. - Revenue from corporate finance services contributed approximately 43.3% of total revenue in the first quarter of fiscal year 2020, with a 7.7% increase compared to the same period in fiscal year 2019[50]. - Property investment revenue slightly increased by about 0.8% to approximately HKD 9,300,000 in the first quarter of fiscal year 2020, primarily due to an increase in occupancy rates of the Japanese property portfolio[51]. Expenses and Costs - The company incurred administrative and operating expenses of HKD 11,466,000 in the first quarter of fiscal year 2020, a decrease from HKD 12,877,000 in the previous year[9]. - The company’s financial costs for the first quarter of fiscal year 2020 were HKD 1,101,000, down from HKD 1,340,000 in the same period of the previous fiscal year[9]. - The total employee costs, excluding directors' remuneration, were HKD 4,053,000 in the first quarter of fiscal year 2020, down from HKD 4,723,000 in the same period of fiscal year 2019[40]. - The company’s total employee costs included directors' remuneration of HKD 4,683,000 in the first quarter of fiscal year 2020, an increase from HKD 3,439,000 in the same period of fiscal year 2019[40]. - Property expenses rose from approximately HKD 2,800,000 in the first quarter of fiscal year 2019 to approximately HKD 5,100,000 in the first quarter of fiscal year 2020 due to maintenance costs at City Court Suginami[53]. Foreign Exchange and Other Income - The company recorded a foreign exchange gain of approximately HKD 100,000 in the first quarter of fiscal year 2020, compared to a foreign exchange loss in the previous year[6]. - The company received insurance compensation of approximately HKD 2,400,000 related to a fire incident at one of its investment properties in Hokkaido, Japan, which was recorded as other income[51]. - Other income for the first quarter of fiscal year 2020 was HKD 2,493,000, a significant increase from HKD 60,000 in the same period of the previous fiscal year[9]. Dividends and Shareholder Information - The company did not recommend the payment of any interim dividend for the first quarter of fiscal year 2020[7]. - The company did not declare or pay any dividends for the first quarter of fiscal year 2020, consistent with the first quarter of fiscal year 2019[41]. - Major shareholder Flying Castle Limited holds 570,052,000 shares, representing 71.3% of the company's issued share capital[72]. - Major shareholder Yuanta Asia Investment Limited holds 44,250,000 shares, representing 5.5% of the company's issued share capital[72]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the first quarter of the 2020 financial year[92]. - The company has complied with GEM Listing Rules regarding corporate governance and has not provided any loans to any entities[87]. - The company confirmed that no directors or major shareholders have any interests in businesses that directly or indirectly compete with the group[90]. - The company has adopted trading rules for directors in accordance with GEM Listing Rules[89]. Future Outlook and Market Conditions - The board anticipates that the corporate finance business will continue to be adversely affected by uncertainties arising from recent social unrest in Hong Kong and the ongoing US-China trade dispute[55]. - The performance of property investments in Japan is expected to remain stable, while the ongoing political turmoil in Hong Kong may negatively impact the operation and valuation of properties in Hong Kong in the short to medium term[58]. - The company continues to focus on expanding its market presence and enhancing its investment strategies in the upcoming quarters[12]. - The group aims to explore new business opportunities to maintain competitiveness in the industry amidst uncertainties[57].
浩德控股(08149) - 2020 Q1 - 季度财报