Financial Performance - Revenue for the nine months ended June 30, 2021, was HKD 4,566 million, a decrease of 63.6% compared to HKD 12,545 million for the same period in 2020[10] - Other income for the nine months ended June 30, 2021, was HKD 594 million, down 17.4% from HKD 719 million in the previous year[10] - The company reported a loss before tax of HKD 4,883 million for the nine months ended June 30, 2021, compared to a profit of HKD 4,098 million for the same period in 2020[10] - Basic and diluted loss per share for the nine months ended June 30, 2021, was HKD (0.49), compared to earnings of HKD 0.41 for the same period in 2020[10] - Total revenue for the three months ended June 30, 2021, was HKD 2,596 million, an increase of 11.2% from HKD 2,335 million in the same quarter of 2020[10] - The company’s financial advisory income for the nine months ended June 30, 2021, was HKD 3,873 million, a decrease of 66.1% from HKD 11,450 million in the previous year[23] - For the nine months ended June 30, 2021, the company reported a net loss attributable to equity shareholders of HKD 4,883,000 compared to a profit of HKD 4,098,000 for the same period in 2020[31] - The group recorded a net loss of approximately HKD 4.9 million for the nine months ended June 30, 2021, compared to a net profit of approximately HKD 4.1 million in 2020[51] Expenses and Costs - The company incurred employee benefits expenses of HKD 8,562 million for the nine months ended June 30, 2021, an increase of 8.8% compared to HKD 7,870 million in the same period of 2020[10] - Depreciation of property, plant, and equipment for the nine months ended June 30, 2021, was HKD 135 million, down 37.5% from HKD 216 million in the previous year[10] - Other operating expenses decreased to approximately HKD 2.2 million for the nine months ended June 30, 2021, from approximately HKD 2.6 million in 2020, due to reduced legal and professional fees[47] - Employee benefit expenses increased to approximately HKD 8.6 million for the nine months ended June 30, 2021, compared to approximately HKD 7.9 million in 2020, primarily due to increased bonuses[46] Assets and Investments - The company’s total assets as of June 30, 2021, were HKD 36,441 million, a decrease from HKD 45,324 million as of October 1, 2020[15] - The group holds an equity investment portfolio with a book value of approximately HKD 22.9 million as of June 30, 2021, compared to approximately HKD 17.9 million as of September 30, 2020[52] - Total return from the initial investment of approximately HKD 12.0 million in the securities market was about HKD 9.0 million, resulting in a return rate of approximately 75.0%[41] - The Hang Seng Index increased by approximately 10.3% from 26,129.93 points on February 28, 2020, to 28,827.95 points on June 30, 2021, while the group achieved a return of about 75.0% during the same period[41] Dividends and Taxation - The company did not declare any dividends for the nine months ended June 30, 2021, compared to a dividend of HKD 0.004 per share in 2020[29] - The board does not recommend the payment of a dividend for the nine months ended June 30, 2021, compared to a dividend of HKD 0.004 per share in 2020[57] - The company has not made any provisions for Hong Kong profits tax for the nine months ended June 30, 2021, as there were no taxable profits[28] Business Environment and Strategy - The overall business environment remains uncertain and challenging due to the ongoing impact of the COVID-19 pandemic, affecting client engagement and opportunities[37] - The company’s financial advisory services are facing severe price competition in the current uncertain economic environment, prompting a competitive pricing strategy[38] - The company has seen an increase in participation in corporate finance advisory services despite lower average fees, indicating a positive trend in recent months[38] - The company has maintained frequent communication with its client base through telecommunications, leveraging senior management resources to reach new clients[38] - The board believes that the future performance of the group will depend on the recovery speed from the current pandemic and the successful implementation of business plans and strategies[42] Governance and Compliance - The audit committee has reviewed the unaudited consolidated results for the nine months ended June 30, 2021[82] - The company has established an audit committee in compliance with GEM Listing Rules, consisting of three independent non-executive directors[79] - There were no disclosures of interests or short positions in shares or debentures of the company or its associated corporations by directors or senior management as of June 30, 2021[71] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[68] - The company’s stock option plan is effective for ten years from February 26, 2018, allowing the grant of options to specified participants[76] - The company has no known interests or short positions in shares or debentures that require disclosure under the Securities and Futures Ordinance as of June 30, 2021[74] - The executive directors as of the report date include Mr. Lin, Mr. Lu, Ms. Xie, and Ms. Zeng, with independent non-executive directors also listed[83] Other Income - Total other income for the nine months ended June 30, 2021, was HKD 594,000, a decrease of 17.4% from HKD 719,000 in the same period of 2020[27] - Other income included approximately HKD 0.3 million from the Hong Kong government's employment support scheme and approximately HKD 0.08 million in bank interest income[45] - The company experienced a significant increase in unrealized gains on financial assets measured at fair value through profit or loss, reporting HKD 1,235,000 for the three months ended June 30, 2021, compared to HKD 280,000 in the previous year[27]
宝积资本(08168) - 2021 Q3 - 季度财报