Financial Performance - Total revenue for the first quarter of 2019 was HKD 5,748,000, a decrease of 62.8% compared to HKD 15,434,000 in the same period of 2018[3] - Gross profit for the first quarter of 2019 was HKD 5,050,000, down 65.5% from HKD 14,602,000 year-over-year[3] - Profit before tax for the first quarter of 2019 was HKD 1,812,000, a decline of 88.3% compared to HKD 15,450,000 in the previous year[3] - Net profit for the first quarter of 2019 was HKD 1,512,000, down 88.3% from HKD 12,901,000 in the same quarter of 2018[3] - The total comprehensive income for the first quarter of 2019 was HKD 1,512,000, down 88.2% from HKD 12,848,000 in the same period of 2018[3] - For the three months ended March 31, 2019, the company's revenue decreased to approximately HKD 1,500,000, a decline of about 88.3% compared to HKD 12,900,000 for the same period in 2018[30] - The company recorded a net profit of approximately HKD 1,500,000 for the three months ended March 31, 2019, significantly down from HKD 12,900,000 in the same period last year[30] Earnings and Income - Basic earnings per share for the first quarter of 2019 was HKD 0.07, compared to HKD 0.46 in the first quarter of 2018[4] - Other income and gains for the first quarter of 2019 totaled HKD 3,337,000, a decrease of 58.3% from HKD 8,013,000 in the previous year[3] - Interest income from receivables for the first quarter of 2019 was HKD 3,026,000, down 10.7% from HKD 3,390,000 in 2018[13] - The company reported a foreign exchange gain of HKD 9,000 for the first quarter of 2019, compared to HKD 14,000 in the previous year[13] - Loan interest income from lending activities was approximately HKD 3,000,000, compared to HKD 3,400,000 in 2018, making up about 52.6% of total revenue[25] - Rental income for the period was approximately HKD 100,000, unchanged from the previous year, accounting for about 2.3% of total revenue[28] Expenses and Financial Position - Administrative expenses for the period were approximately HKD 6,300,000, an increase of about 16.3% compared to HKD 5,400,000 in 2018[30] - The outstanding principal amount of loans receivable as of March 31, 2019, was HKD 57,600,000, compared to HKD 44,000,000 in 2018[25] - The fair value of listed equity investments held by the company was approximately HKD 30,000,000, an increase from HKD 27,500,000 in 2018[26] Corporate Governance and Future Plans - The company did not declare or recommend any dividends for the period, consistent with the previous year[19] - The company aims to continue developing existing businesses while actively exploring new business areas and seeking suitable investment opportunities[31] - The board of directors consists of five members, including two executive directors and three independent non-executive directors[41] - The financial statements have been appropriately disclosed as per the requirements[41] - The unaudited financial results for the three months ended March 31, 2019, have been reviewed by the audit committee, confirming compliance with applicable accounting standards[41]
树熊金融集团(08226) - 2019 Q1 - 季度财报