Financial Performance - The group recorded a post-tax loss of approximately HKD 0.1 million for the three months ended June 30, 2020, an improvement from a loss of approximately HKD 2.6 million in the same period of 2019[8]. - Revenue from corporate finance consulting was approximately HKD 14.3 million, down from HKD 15.4 million in 2019, reflecting a decrease of about 7.1%[8]. - The group’s total revenue decreased by approximately 6.5% to about HKD 14.4 million compared to approximately HKD 15.4 million for the three months ended June 30, 2019[12]. - The group recorded a revenue of approximately HKD 14,396,000 for the three months ended June 30, 2020, a decrease of about 6.8% compared to HKD 15,446,000 for the same period in 2019[33]. - The group reported a pre-tax loss of approximately HKD 174,000 for the three months ended June 30, 2020, significantly reduced from a pre-tax loss of HKD 2,642,000 in the same period of 2019[33]. - For the three months ended June 30, 2020, the company reported a loss of HKD 32,000, resulting in a total comprehensive loss of HKD 140,000, compared to a loss of HKD 2,479,000 for the same period in 2019[38]. - The company reported total other income of HKD 402,000, down 14.6% from HKD 471,000 in the previous year[46]. Revenue Breakdown - The revenue generated from financial advisory services was approximately HKD 10.3 million, accounting for about 71.5% of total revenue[12]. - Compliance advisory services generated revenue of approximately HKD 3.9 million, representing about 27.1% of total revenue[12]. - The asset management business recorded revenue of approximately HKD 0.1 million, consistent with the previous year[8]. - Revenue from corporate finance advisory fees was HKD 2,636,000 for financial advisory services, down 26% from HKD 3,564,000 in the previous year[45]. - Independent financial advisory revenue increased to HKD 7,707,000, up 7.7% from HKD 7,158,000 year-on-year[45]. - Asset management fee income was HKD 14,281,000, a decrease of 7% from HKD 15,361,000 in the same period last year[45]. Expenses and Costs - Employee benefits costs increased by approximately 0.8% to about HKD 12.4 million from approximately HKD 12.3 million in the same period of 2019[17]. - The total operating expenses decreased by approximately 10.2% from HKD 5,864,000 in the three months ended June 30, 2019, to HKD 5,284,000 in the current period[23]. - The group’s employee benefit costs amounted to HKD 12,394,000 for the three months ended June 30, 2020, compared to HKD 12,264,000 in the same period of 2019[33]. - The group’s other operating expenses included a significant reduction in travel expenses, which decreased from HKD 102,000 in 2019 to HKD 65,000 in 2020[20]. Investments and Assets - The investment in the Climate Impact Asia Fund (CIAF) recorded a fair value gain of approximately HKD 2.8 million during the period, following a decline of approximately HKD 4.0 million in the previous year[8]. - The group maintained an investment in CIAF with a fair value of approximately HKD 20.5 million, representing about 17.5% of the group's total assets as of June 30, 2020[30]. - The group did not undertake any significant investments or acquisitions during the period, maintaining a capital commitment of approximately HKD 0.3 million as of March 31, 2020[25]. - The group recognized an unrealized fair value gain of approximately HKD 2,792,000 on financial assets measured at fair value through profit or loss during the period[33]. Governance and Shareholding - The company has a total of 94,001,350 ordinary shares held by SABINE Martin Nevil, representing approximately 66.28% of the issued shares[68]. - The company has not purchased, sold, or redeemed any of its listed shares during the reporting period[67]. - The company’s executive director roles are currently vacant, with decisions made collectively by the board of directors[64]. - The company has adopted the GEM Listing Rules as the code of conduct for directors' securities transactions[61]. - As of June 30, 2020, the company’s major shareholders include SABINE Martin Nevil and others, with significant holdings in the company[79]. - Major shareholder SGL holds 94,001,350 shares, representing 66.28% of the total issued shares[80]. - Sabine Maureen Alice, as a spouse, holds 96,234,790 shares, which is 67.85% of the total shares, with an additional 645,717 shares through options[80]. Compliance and Risk Management - The audit committee consists of three independent non-executive directors, ensuring compliance with applicable accounting standards and GEM listing rules[85]. - The company’s governance practices are in compliance with the established guidelines, except for the separation of the roles of chairman and CEO[64]. - The company has a strong governance framework that is regularly reviewed to adapt to changing environments[64]. - No conflicts of interest were reported among directors, controlling shareholders, and their close associates during the period[63]. - The company maintains sufficient public float as per available data prior to the report's release[88]. - No significant post-reporting events occurred after June 30, 2020, indicating stability in the company's operations[89]. Dividends and Share Structure - The group did not recommend the payment of an interim dividend for the current period, consistent with the previous year[31]. - The company did not recommend the payment of an interim dividend for this period, consistent with the previous year[53]. - The weighted average number of ordinary shares issued was 141,383,000 for the current period, compared to 140,989,000 in the previous year[58]. Taxation - The effective tax rate for the period was 16.5%, with a current tax expense of HKD 22,000 recognized for Hong Kong profits tax[51].
新百利融资(08439) - 2021 Q1 - 季度财报