Financial Performance - Revenue for the nine months ended June 30, 2020, was HKD 12,545,000, representing a 96% increase compared to HKD 6,398,000 for the same period in 2019[10] - Other income increased significantly to HKD 3,409,000 for the nine months ended June 30, 2020, compared to HKD 579,000 in the previous year, marking a 487% increase[10] - The company reported a profit before tax of HKD 4,098,000 for the nine months ended June 30, 2020, compared to a loss of HKD 4,665,000 in the same period of 2019[10] - Basic earnings per share for the nine months ended June 30, 2020, was HKD 0.41, a turnaround from a loss of HKD 0.47 per share in the previous year[10] - The company’s total comprehensive income for the nine months ended June 30, 2020, was HKD 4,098,000, a significant recovery from a total comprehensive loss of HKD 4,665,000 in the previous year[10] - The company recorded a profit attributable to owners of HKD 4,098 thousand for the nine months ended June 30, 2020, compared to a loss of HKD 4,665 thousand in the same period of 2019[29] - The company reported a net profit of approximately HKD 4.1 million for the nine months ended June 30, 2020, compared to a net loss of approximately HKD 4.7 million in the same period last year[43] Equity and Retained Earnings - Total equity as of June 30, 2020, was HKD 43,799,000, an increase from HKD 43,701,000 at the beginning of the period[11] - The company’s retained earnings improved to HKD 2,500,000 as of June 30, 2020, from a cumulative loss of HKD 1,598,000 at the beginning of the period[11] Expenses - The company incurred operating lease expenses of HKD 7,870,000 for the nine months ended June 30, 2020, down from HKD 8,687,000 in the previous year[10] - Financial expenses for the nine months ended June 30, 2020, totaled HKD 92,000, compared to no financial expenses in the same period of 2019[10] - Employee benefit expenses for the nine months ended June 30, 2020, were approximately HKD 7.9 million, a decrease of about HKD 0.8 million from approximately HKD 8.7 million in the previous year[38] - Other operating expenses for the nine months ended June 30, 2020, were approximately HKD 2.6 million, an increase from approximately HKD 2.2 million in the same period last year[42] Business Operations - The company continues to focus on institutional financing advisory services as its primary business operation[15] - The company’s financial advisor service revenue for the nine months ended June 30, 2020, was HKD 11,450 thousand, up from HKD 5,263 thousand in the same period of 2019, reflecting a 117% increase[22] - The number of institutional financing advisory transactions increased to 33 for the nine months ended June 30, 2020, a slight increase of 6.5% from 31 transactions in the same period last year[36] - The company anticipates that its financial services transaction processes will be affected to varying degrees due to the ongoing impact of the COVID-19 pandemic and economic uncertainties[34] - The company plans to adopt a cautious and conservative approach in its asset management business due to the challenging business environment[34] Shareholding and Management - As of June 30, 2020, Ms. Xie holds 750,000,000 shares, representing 75% of the total shares of the company[56] - Mr. Lin, as Ms. Xie's spouse, is also deemed to hold 750,000,000 shares, equivalent to 75% of the total shares[57] - No other directors or senior management have disclosed any interests or short positions in the company's shares as of June 30, 2020[61] - Access Cheer, a related corporation, has 750,000,000 shares held by Ms. Xie, which constitutes 75% of its total issued share capital[62] Audit and Compliance - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the group's financial reports and overseeing risk management[67] - The unaudited consolidated report for the nine months ending June 30, 2020, has been reviewed by the audit committee[68] Dividends - The company did not declare any dividends for the three months ended June 30, 2020, consistent with the previous year[28] - The board does not recommend the payment of a dividend for the three months ended June 30, 2020[47] Subsidiaries and Licenses - The company has established a wholly-owned subsidiary, Baoji Asset Management, which received a conditional license for regulated activities on May 21, 2020[31] Securities Transactions - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[65]
宝积资本(08168) - 2020 Q3 - 季度财报