Financial Performance - The company's revenue for the three months ended December 31, 2019, was HKD 9,130,000, a decrease of 40.2% compared to HKD 15,311,000 for the same period in 2018[8]. - For the nine months ended December 31, 2019, the total revenue was HKD 36,918,000, down 26.5% from HKD 50,252,000 in the previous year[8]. - The company reported a loss before tax of HKD 2,590,000 for the three months ended December 31, 2019, compared to a profit of HKD 374,000 in the same period of 2018[8]. - The net loss attributable to owners of the company for the nine months ended December 31, 2019, was HKD 2,554,000, compared to a loss of HKD 605,000 in the previous year[8]. - Basic and diluted loss per share for the three months ended December 31, 2019, was HKD 0.30, compared to earnings of HKD 0.02 per share in the same period of 2018[8]. - Total comprehensive loss for the nine months ended December 31, 2019, was HKD 2,554,000, reflecting a significant increase in losses compared to HKD 605,000 in the same period of 2018[9]. - The company reported a pre-tax loss of HKD 4,082,000 for the nine months ended December 31, 2019, compared to a loss of HKD 1,702,000 for the same period in 2018, indicating a significant increase in losses[21]. - The group recorded a loss of approximately HKD 2.6 million for the nine months ended December 31, 2019, compared to a profit of HKD 4.4 million for the same period in 2018, indicating a significant decline in performance[37]. - The increase in loss was primarily attributed to a decrease in revenue and an increase in other operating expenses after deducting reduced employee costs[37]. Revenue Breakdown - Revenue for the nine months ended December 31, 2019, was approximately HKD 36.9 million, a decrease of about 26.6% from HKD 50.3 million for the same period in 2018[28]. - The revenue breakdown for the nine months ended December 31, 2019, included HKD 28.2 million (76.4%) from the Hong Kong Stock Exchange, HKD 4.8 million (13.0%) from the Singapore Exchange, and HKD 3.9 million (10.6%) from over-the-counter transactions[31]. - The decrease in revenue was primarily due to a reduction in trading volumes on the Hong Kong Stock Exchange and the Singapore Exchange[29]. Employee Costs and Expenses - The company incurred employee costs of HKD 6,880,000 for the three months ended December 31, 2019, down 28.4% from HKD 9,606,000 in the previous year[8]. - Employee costs decreased from approximately HKD 28.9 million for the nine months ended December 31, 2018, to about HKD 21.7 million for the same period in 2019, a reduction of approximately 24.9%[32]. - Other operating expenses increased from approximately HKD 15.4 million for the nine months ended December 31, 2018, to about HKD 15.9 million for the same period in 2019, an increase of approximately 3.2%[33]. Share Capital and Issuance - The company issued 200,000,000 shares at a price of HKD 0.255 per share, raising a total of HKD 51,000,000 before expenses[12]. - As of December 31, 2019, the issued share capital of the company was HKD 8 million, divided into 800,000,000 ordinary shares[42]. - The company’s capital structure remained unchanged since its listing on August 27, 2018, with only ordinary shares issued[41]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM Listing Rules during the nine months ending December 31, 2019[64]. - The audit committee was established on July 30, 2018, and consists of three independent non-executive directors, responsible for reviewing financial information and internal controls[71]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2019[72]. Shareholding Structure - Oasis Green Ventures Limited holds 278,000,000 shares, representing 34.75% of the company's total issued shares[59]. - Jolly Ocean Global Limited, controlled by Liu Mingkang, holds 96,000,000 shares, accounting for 12.00% of the total[59]. - The shareholding structure indicates that Yip Shui Chi Rowena holds an equivalent interest of 278,000,000 shares through her spouse, representing 34.75%[59]. - Dense Jungle Limited holds 54,000,000 shares, which is 6.75% of the total shares[59]. Dividends and Incentives - The company did not declare or propose any dividends for the nine months ended December 31, 2019, consistent with the same period in 2018[23]. - The board decided not to declare an interim dividend for the nine months ended December 31, 2019[52]. - The company adopted a share incentive plan on April 4, 2019, aimed at recognizing and rewarding eligible participants for their contributions to the group's growth and development[68]. - Since the adoption of the share incentive plan, the company has not granted any share rewards under this plan[70]. Operational Issues - The significant loss of approximately HKD 2.7 million was attributed to a major human error transaction recorded by the subsidiary De Riva during the review period[33]. - A significant human error transaction on May 21, 2019, resulted in a loss of approximately HKD 2.7 million due to the execution broker's unfamiliarity with a new system implemented by the Hong Kong Futures Exchange[39]. Other Information - The company has not disclosed any new product developments or market expansion strategies during this reporting period[7]. - There were no significant mergers or acquisitions reported in the current financial period[7]. - The company did not have any significant investments or acquisitions during the review period, nor any major contingent liabilities[44][48]. - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending December 31, 2019[63]. - The total number of stock options that may be granted under the share option scheme is 80,000,000 shares, which is 10% of the total issued share capital as of the report date[66]. - The company has not granted any stock options under the share option scheme since its adoption[67]. - The company has appointed Red Sun Capital Limited as its compliance advisor, with no reported interests related to the group[62]. - The group maintained a prudent inventory policy and a stable liquidity position, monitoring cash flow daily to meet funding needs and regulatory requirements[40].
衍汇亚洲(08210) - 2020 Q3 - 季度财报