Financial Performance - For the fiscal year ending March 31, 2022, the total revenue of TradeGo was approximately HKD 82.3 million, representing a 26.7% increase or HKD 17.3 million compared to the previous year[12]. - The net profit for the same period increased by 22.2% to HKD 25.1 million[12]. - The total revenue for the reporting period was HKD 82,280,828, an increase of HKD 17,331,306 or 26.7% compared to the previous period[18]. - Net profit for the reporting period was HKD 25,138,547, up by HKD 4,559,869 or 22.2% from the previous period[18]. - The company's profit before tax was HKD 25,076,271, an increase of HKD 3,164,062 or 14.4% driven by revenue growth[43]. - Basic and diluted earnings per share were HKD 0.0441 and HKD 0.0439, respectively, compared to HKD 0.0433 for both in the previous period[47]. - The company reported a distributable reserve of HKD 57,304,191 as of March 31, 2022, compared to HKD 37,689,020 in the same period last year, reflecting a 52.9% increase[117]. User Growth and Market Expansion - The number of registered users grew by approximately 19.5% to 675,933, with most being active investors[12]. - The number of registered users as of March 31, 2022, was approximately 675,933, an increase of about 110,448 users or 19.5% year-over-year[19]. - The company is actively exploring market opportunities to expand revenue sources and maximize shareholder returns[65]. - The management team highlighted a strategic focus on market expansion, particularly in the Asia-Pacific region, aiming for a 20% increase in market share by the end of 2023[76]. Revenue Sources and Services - SaaS service revenue increased by 37.8% to HKD 26.2 million, accounting for 31.9% of total revenue, up from approximately 29.3% in the previous year[12]. - Revenue from front-end trading system services grew by 28.2% to HKD 30,223,028, accounting for 36.8% of total revenue[19]. - The company anticipates that the proportion of SaaS revenue will become increasingly important in the future[12]. - The company plans to provide an over-the-counter electronic trading platform for shares of companies listed in initial public offerings (IPOs) during non-trading hours[13]. - The company plans to enhance its cloud infrastructure and information service capabilities with an allocation of HKD 2.3 million[62]. Cost and Expenses - Direct costs for the reporting period were HKD 13,606,678, up HKD 1,699,655 or 14.3% from the previous period[37]. - Employee costs increased to HKD 19,875,452, reflecting a rise of HKD 2,158,219 or 12.2% due to increased equity-settled share-based payments[39]. - Depreciation and amortization expenses rose to HKD 11,039,610, an increase of HKD 2,994,566 or 37.2% attributed to higher amortization of internally developed software systems[40]. - Sales, general, and administrative expenses were HKD 9,115,438, up HKD 2,178,080 or 31.4% primarily due to increased advertising, property management fees, and legal and professional costs[41]. - Financing costs increased significantly to HKD 470,604, a rise of HKD 338,483 or 256.2% mainly due to higher interest on lease liabilities[42]. Research and Development - Research and development expenses were HKD 3,326,878, a decrease of HKD 2,060,263 or approximately 38.2% compared to the previous period[20]. - The company plans to enhance its R&D capabilities by hiring 40 new R&D personnel during the reporting period[34]. - The company is investing in new product development, with a budget allocation of $10 million for R&D in the upcoming fiscal year[84]. Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance and transparency in its operations[84]. - The board of directors includes experienced professionals with over 40 years of combined experience in finance and technology sectors[84]. - The company has established a risk management system to continuously improve its operational effectiveness[106]. - The company emphasizes the importance of maintaining good relationships with stakeholders, including employees, customers, and suppliers[104]. Shareholder Information - The board did not recommend any final dividend for the reporting period[16]. - A special dividend of HKD 0.0317 per share was declared, with no final dividend recommended for the reporting period[60]. - The company has a stock option plan in place, allowing for the issuance of up to 50,000,000 shares, which is 10% of the shares issued post-listing[128]. - The company has adopted a share incentive plan allowing for the issuance of up to 30,000,000 shares, representing 5% of the total issued shares as of the adoption date[186]. Employee and Operational Insights - The company had 127 full-time employees as of March 31, 2022, an increase from 111 in the same period last year[174]. - The company has maintained a sufficient public float of at least 25% of its issued shares since the date of listing[175]. - The company has established a cybersecurity inspection team to assess potential hacker intrusions or virus attacks, enhancing risk management measures[107]. Future Outlook - Future guidance indicates an expected revenue growth of 25% for the next quarter, driven by increased demand for financial technology solutions[84]. - The company plans to explore potential mergers and acquisitions to enhance its technological capabilities and market presence[84].
捷利交易宝(08017) - 2022 - 年度财报