Financial Performance - For the three months ended December 31, 2018, the company's revenue was HKD 15,311,000, a decrease of 28.0% compared to HKD 21,268,000 for the same period in 2017[8] - For the nine months ended December 31, 2018, the total revenue was HKD 50,252,000, down 5.5% from HKD 53,134,000 in the previous year[8] - The company reported a pre-tax profit of HKD 374,000 for the three months ended December 31, 2018, compared to a loss of HKD 958,000 in the same period of 2017[8] - The net profit attributable to the owners of the company for the three months ended December 31, 2018, was HKD 131,000, compared to a loss of HKD 1,708,000 in the same period of 2017[8] - Basic and diluted earnings per share for the three months ended December 31, 2018, was HKD 0.02, compared to a loss per share of HKD 0.28 for the same period in 2017[8] - The company reported a loss of approximately HKD 0.6 million for the nine months ended December 31, 2018, compared to a profit of HKD 4.0 million for the same period in 2017, primarily due to non-recurring listing expenses of approximately HKD 5.0 million[34] - Revenue decreased from approximately HKD 53.1 million for the nine months ended December 31, 2017, to approximately HKD 50.3 million for the same period in 2018, representing a decline of about 5.3% attributed to reduced trading volume[27] - The company recorded a total revenue of approximately HKD 50.252 million for the nine months ended December 31, 2018, compared to HKD 53.134 million in 2017[29] Expenses and Costs - The company incurred total operating expenses of HKD 15,447,000 for the nine months ended December 31, 2018, compared to HKD 11,833,000 for the same period in 2017, reflecting a 30.0% increase[8] - The company’s employee costs for the nine months ended December 31, 2018, were HKD 28,870,000, slightly down from HKD 29,145,000 in the previous year[8] - Other operating expenses increased from approximately HKD 11.8 million in 2017 to approximately HKD 15.4 million in 2018, marking an increase of about 30.5% due to rising office rent and professional fees[31] - The operating lease payments for rental properties for the nine months ended December 31, 2018, were HKD 1,546,000, an increase of 114.4% from HKD 722,000 in the same period of 2017[20] - The company’s tax expense decreased by approximately 45% from HKD 2 million in 2017 to HKD 1.1 million in 2018, consistent with the decline in net profit[33] Assets and Capital - The company’s total assets as of December 31, 2018, amounted to HKD 85,871,000, an increase from HKD 38,769,000 as of April 1, 2018[9] - The company had a total issued share capital of HKD 8 million, divided into 800,000,000 ordinary shares with a par value of HKD 0.01 each[38] - The net proceeds from the IPO, after deducting related expenses, amounted to approximately HKD 27.3 million[49] - The net proceeds of approximately HKD 4.6 million from the IPO have been used for office expansion plans[50] Shareholder Information - As of December 31, 2018, Oasis Green Ventures holds 414,000,000 shares, representing 51.75% of the company's equity[57] - Jolly Ocean Global Limited, controlled by Pacific Asset Limited, also holds 96,000,000 shares, accounting for 12.0% of the company's equity[57] - Dense Jungle Limited owns 54,000,000 shares, which is 6.75% of the company's equity[57] - No directors or major shareholders have any competing business interests as of December 31, 2018[60] Corporate Governance - The company has complied with the corporate governance code since its listing on August 27, 2018[63] - The audit committee was established on July 30, 2018, and is composed of three independent non-executive directors[68] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2018[69] - The company has adopted a share option scheme to encourage contributions from eligible participants[66] - No share options have been granted under the share option scheme since its adoption[67] Other Information - The company completed the acquisition of DLS Capital Limited, which involved issuing shares as part of the transaction[10] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[43] - The company reported no significant contingent liabilities as of December 31, 2018[44] - The company has not made any major investments or capital asset plans beyond those disclosed in the prospectus dated August 14, 2018[42] - The company believes that foreign exchange risk has a minimal impact on its operations, primarily conducted in HKD and USD[45] - The company has not purchased, sold, or redeemed any of its listed securities from the listing date until December 31, 2018[62] - As of December 31, 2018, the company had 29 employees, an increase from 22 employees as of December 31, 2017[47] - No dividends were declared or proposed for the nine months ended December 31, 2018[21] - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2018, with no significant impact on the financial performance and position[13] - The group operates as an investment holding company, with its main operating subsidiary, De Riva, participating in the securities and futures contract trading business[1] - The company was incorporated on November 1, 2017, and its shares were listed on the GEM of the Hong Kong Stock Exchange on August 27, 2018[1] - The functional currency of the group is Hong Kong dollars, consistent with the presentation currency of the financial statements[1] - The group is considered a going concern entity, with no adjustments made to reflect fair value or recognize any new assets or liabilities arising from the reorganization[12]
衍汇亚洲(08210) - 2019 Q3 - 季度财报