Financial Performance - For the nine months ended September 30, 2020, revenue was approximately HKD 40.9 million, compared to HKD 40.6 million for the same period in 2019, representing a slight increase of 0.74%[6] - The company reported a loss attributable to owners of approximately HKD 1.1 million for the nine months ended September 30, 2020, compared to a profit of HKD 12.7 million for the same period in 2019, indicating a significant decline[6] - Basic loss per share for the nine months ended September 30, 2020, was approximately HKD 0.14, down from a basic earnings per share of HKD 1.59 for the same period in 2019[6] - The net loss before tax for the nine months ended September 30, 2020, was HKD 1.13 million, compared to a profit before tax of HKD 14.71 million for the same period in 2019[8] - The company’s total comprehensive income for the nine months ended September 30, 2020, was a loss of HKD 1.13 million, compared to a total comprehensive income of HKD 12.71 million for the same period in 2019[8] - The company reported a total of HKD 1,273,000 in other income for the nine months ended September 30, 2020, compared to no other income reported in 2019[22] - The company recorded a loss of approximately HKD 1.1 million for the period, compared to a profit of approximately HKD 12.7 million in the same period last year[39] Revenue Breakdown - Total revenue for the period was approximately HKD 40.9 million, remaining stable compared to HKD 40.6 million in the same period last year[32] - Brokerage service commission revenue decreased to HKD 1,891,000 for the nine months ended September 30, 2020, down 27.7% from HKD 2,615,000 in 2019[19] - Underwriting and placing commission revenue remained stable at HKD 30,507,000 for the nine months ended September 30, 2020, compared to HKD 30,578,000 in 2019[19] - Asset management service revenue increased significantly to HKD 1,742,000 for the nine months ended September 30, 2020, up 80.4% from HKD 965,000 in 2019[19] - Interest income from securities and IPO financing rose to HKD 4,963,000 for the nine months ended September 30, 2020, compared to HKD 2,511,000 in 2019, marking a 97.4% increase[19] - The revenue from corporate finance advisory services decreased by approximately 55% to HKD 1.8 million, down from HKD 4.0 million in the same period last year[33] - Interest income from securities and IPO financing increased by approximately 100% to HKD 5.0 million, compared to HKD 2.5 million in the previous year, driven by a rebound in demand for guaranteed financing services[33] - Asset management service fees rose by approximately 70% to HKD 1.7 million, up from HKD 1.0 million in the same period last year[33] Expenses and Costs - Total administrative and other operating expenses for the nine months ended September 30, 2020, were HKD 42.96 million, an increase from HKD 26.03 million in the same period of 2019, reflecting a rise of 65.2%[8] - Commission expenses surged to HKD 23.8 million for the nine months ended September 30, 2020, compared to HKD 6.6 million in the previous year, marking an increase of approximately 260%[31] - The company experienced a significant increase in employee benefit expenses, totaling HKD 12.6 million for the nine months ended September 30, 2020, compared to HKD 12.3 million in the previous year[31] - Administrative and other operating expenses rose by approximately 65.4% to about HKD 43.0 million from approximately HKD 26.0 million in the same period last year, attributed to increased commission expenses for placement and underwriting services[37] - Financing costs surged by approximately 433.3% to about HKD 1.6 million from approximately HKD 0.3 million in the same period last year, primarily due to loans taken for the initial public offering[38] Dividends - The company declared an interim dividend of HKD 0.0025 per share for the third quarter, totaling HKD 2.0 million, which is the same as the dividend declared for the same period in 2019[6] - The company declared an interim dividend of HKD 2.0 million for the second quarter, down from HKD 4.0 million in the same period last year[27] - The company also announced an interim dividend of HKD 2.0 million for the third quarter, consistent with the second quarter's dividend, and a decrease from HKD 4.0 million in the same period last year[27] - The board declared an interim dividend of HKD 0.0025 per share for the three months ended September 30, 2020, totaling HKD 2.0 million, down from HKD 4.0 million in the same period last year[43] Shareholder Information - The major shareholder, Mr. Pan, holds approximately 66.59% of the company’s shares, totaling 532,685,000 shares[45] - The weighted average number of ordinary shares remained constant at 800 million shares for both the current and prior periods[29] Compliance and Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual since May 2007[57] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the period and found them compliant with applicable accounting standards[59] - No directors or major shareholders have any interests in businesses that directly or indirectly compete with the company as of September 30, 2020[52] - The company has confirmed compliance with the non-competition agreement during the specified period[53] - The company has not identified any violations of trading standards by directors during the reporting period[54] Other Information - The company is currently evaluating the impact of new and revised Hong Kong Financial Reporting Standards but has not determined any significant effects on its operational performance and financial position[16] - The financial statements were authorized for publication by the board on November 6, 2020[17] - No significant events affecting the group's business or financial performance were reported after September 30, 2020[42] - The company has not granted any share options under its share option scheme since its adoption on June 23, 2016[49] - There were no purchases, sales, or redemptions of the company's listed securities during the period[55] - The company will suspend share transfer registration from November 25 to November 27, 2020, to determine eligibility for the interim dividend[61] - The audit committee consists of independent non-executive directors, ensuring compliance with GEM listing rules regarding financial oversight[59]
阿仕特朗金融(08333) - 2020 Q3 - 季度财报