Financial Performance - For the three months ended March 31, 2021, the revenue was approximately HKD 4.4 million, a decrease of 50.7% compared to HKD 9.0 million for the same period in 2020[6]. - The loss attributable to owners of the company for the three months ended March 31, 2021, was approximately HKD 4.1 million, compared to a profit of HKD 1.1 million for the same period in 2020[6]. - The basic loss per share for the three months ended March 31, 2021, was approximately HKD 0.47, compared to a basic earnings per share of HKD 0.13 for the same period in 2020[6]. - The total comprehensive loss for the three months ended March 31, 2021, was approximately HKD 4.1 million, compared to a total comprehensive income of HKD 1.1 million for the same period in 2020[7]. - The company reported a significant decrease in client contract income, with revenue recognized at a point in time dropping to HKD 1,428,000 from HKD 7,101,000 year-over-year[20]. - The company recorded a loss of approximately HKD 4.1 million for the period, compared to a profit of approximately HKD 1.1 million in the same period last year[38]. Revenue Breakdown - Total revenue for the three months ended March 31, 2021, was HKD 4,439,000, a decrease of 50.6% compared to HKD 8,978,000 for the same period in 2020[19]. - Brokerage service commission revenue increased to HKD 1,083,000, up 142.5% from HKD 447,000 in the previous year[19]. - Revenue from placement and underwriting services dropped significantly by approximately 95.5% to about HKD 0.3 million, with three placements completed compared to five in the same period last year[31]. - Interest income from securities and IPO financing rose by approximately 72.7% to about HKD 1.9 million, due to increased demand for guaranteed financing services[31]. - Other income for the three months ended March 31, 2021, was HKD 1,006,000, an increase of 57.4% from HKD 639,000 in 2020[22]. - Asset management service fees increased by approximately 22.6% to about HKD 402,000, with performance fees recognized for the Astrum Absolute Return China Fund[32]. Expenses and Costs - The company’s administrative and other operating expenses for the three months ended March 31, 2021, were HKD 8.6 million, slightly higher than HKD 8.3 million for the same period in 2020[7]. - The company incurred total employee benefit expenses of HKD 5,628,000, an increase of 17.7% from HKD 4,778,000 in the previous year[23]. - The company’s financing costs increased to HKD 945,000 for the three months ended March 31, 2021, from HKD 169,000 for the same period in 2020[7]. - Financing costs increased by approximately 459.2% to about HKD 945,000, primarily due to IPO loans from a bank[37]. Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2021, compared to an interim dividend of HKD 0.005 per share for the same period in 2020[6]. - The company does not recommend the distribution of an interim dividend for the period ending March 31, 2021[42]. - As of March 31, 2021, the major shareholder, Ms. Liao Mingli, holds 540,685,000 shares, representing approximately 56.32% of the total issued shares of 960,000,000[48]. - The total number of unexercised share options as of March 31, 2021, is 80,000,000[49]. Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by Mr. Pan Ji[57]. - The audit committee, chaired by an independent non-executive director, has reviewed the unaudited condensed consolidated financial statements for the period and found them compliant with applicable accounting standards[59]. - The company has confirmed compliance with the non-competition agreement during the period from January 1, 2021, to March 31, 2021[53]. - No directors or major shareholders have interests in any business that competes directly or indirectly with the company's operations as of March 31, 2021[52]. - The company has not established any arrangements for directors and senior management to acquire shares or debt securities during the reporting period[51]. - The company has not disclosed any circumstances that would trigger disclosure obligations under GEM Listing Rules as of March 31, 2021[58]. Market Outlook - The management anticipates global growth of 6% in 2021, with China's economic growth target set at 6% or above, but acknowledges ongoing risks and uncertainties[40].
阿仕特朗金融(08333) - 2021 Q1 - 季度财报