Financial Performance - The group recorded a pre-tax loss of approximately HKD 3.5 million for the three months ended June 30, 2021, compared to a pre-tax loss of approximately HKD 0.2 million in 2020 [7]. - Total revenue decreased by approximately 2.8% to about HKD 14.0 million from approximately HKD 14.4 million for the same period in 2020 [11]. - The group reported a post-tax loss of approximately HKD 3.4 million for the period, compared to a post-tax loss of approximately HKD 0.1 million in 2020 [9]. - The group recorded a revenue of HKD 14,033,000 for the three months ended June 30, 2021, a decrease of approximately 2.5% compared to HKD 14,396,000 for the same period in 2020 [27]. - The group reported a pre-tax loss of approximately HKD 3,523,000 for the period, compared to a pre-tax loss of HKD 174,000 in the previous year, indicating a significant increase in losses [22]. - The group recorded a total comprehensive loss of HKD 3,392,000 for the period, compared to a comprehensive loss of HKD 137,000 in the previous year [30]. - Basic and diluted loss per share was HKD 0.0235 for the three months ended June 30, 2021, compared to HKD 0.0002 in the same period of 2020 [50]. Revenue Breakdown - Revenue from financial advisory and independent financial advisory services was approximately HKD 8.3 million, accounting for about 59.3% of total revenue, down from 71.5% in 2020 [11]. - Revenue from compliance advisory services increased to approximately HKD 5.7 million, representing about 40.7% of total revenue, up from 27.1% in 2020 [11]. - Revenue from corporate finance advisory fees reached HKD 8,328 thousand for the three months ended June 30, 2021, compared to HKD 10,344 thousand in the same period of 2020, representing a decrease of 19.5% [39]. - Asset management fee income was HKD 14,033 thousand for the three months ended June 30, 2021, slightly down from HKD 14,281 thousand in the same period of 2020, a decrease of 1.7% [39]. Expenses and Costs - Employee benefit costs remained stable at approximately HKD 12.4 million [16]. - The total operating expenses increased by approximately 1.9% from HKD 5,284,000 in the three months ended June 30, 2020, to HKD 5,414,000 in the current period [21]. - The group incurred depreciation expenses of HKD 2,810,000, slightly up from HKD 2,789,000 in the previous year [27]. - Total employee benefit expenses amounted to HKD 12,371 thousand for the three months ended June 30, 2021, compared to HKD 12,394 thousand in the same period of 2020, showing a marginal decrease of 0.2% [41]. Strategic Plans and Investments - The group plans to make a cautious initial investment in a one-stop digital financial services company [10]. - There were no significant investments or acquisitions planned as of June 30, 2021, indicating a cautious approach to capital expenditure [23]. - The group did not engage in any major acquisitions or disposals of subsidiaries, associates, or joint ventures during the period [24]. - The company has not reported any new strategies or market expansions in the provided documents [70]. Shareholder Information - As of June 30, 2021, Sabine Martin Nevil holds a controlled interest in 94,273,350 shares, representing approximately 66.40% of the total issued shares [61]. - Major shareholder New Baili Group Limited owns 94,273,350 shares, accounting for 66.40% of the total issued shares [73]. - Sabine Maureen Alice, spouse of Sabine Martin Nevil, has an interest in 96,506,790 shares, representing approximately 67.97% of the total issued shares [73]. - The company is controlled by SGL, which is wholly owned by Sabine Martin Nevil, Fletcher John Wilfred Sword, and others, holding approximately 90.48% of SGL [68]. Corporate Governance - The audit committee has been established and consists of three independent non-executive directors, with Mr. Zheng Yuhua as the chairman [78]. - The audit committee reviewed the unaudited consolidated performance for the three months ending June 30, 2021, and confirmed compliance with applicable accounting standards and GEM listing rules [78]. - There have been no significant post-reporting events related to the company or group from June 30, 2021, to the report date [82]. Other Financial Information - The fair value gain on financial assets recognized in profit or loss dropped significantly to HKD 1,000 compared to HKD 2,792,000 in the same period last year [27]. - The company adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements presented [38]. - The estimated taxable profit in Hong Kong was subject to a profit tax rate of 16.5% [44]. - The company has granted options under its share option scheme, with an exercise price of HKD 0.21 per share, which will vest on or after January 1, 2020 [65]. - The share options granted will be exercisable upon the transfer of shares to the main board listing date or after a specified period [65]. - The company has no arrangements that would allow directors to profit from purchasing shares of the company or any other corporation [69]. - The company and its subsidiaries have not disclosed any interests or short positions in shares or related securities as of June 30, 2021 [72]. - There are no disclosed interests or short positions from directors or executives in the company's shares or related securities as of June 30, 2021 [77].
新百利融资(08439) - 2022 Q1 - 季度财报