Financial Performance - The group's revenue for the nine months ended December 31, 2021, was approximately HKD 46,846,000, a decrease of about 24% compared to the same period last fiscal year[7]. - The gross profit for the nine months ended December 31, 2021, was approximately HKD 36,330,000, down from HKD 53,903,000 in the same period last fiscal year[7]. - The loss attributable to shareholders for the nine months ended December 31, 2021, was approximately HKD 25,347,000, compared to a profit of HKD 4,477,000 in the same period last fiscal year[7]. - The total comprehensive loss for the nine months ended December 31, 2021, was HKD (19,986,000), compared to a total comprehensive income of HKD 17,014,000 in the same period last fiscal year[12]. - The basic and diluted loss per share for the nine months ended December 31, 2021, was HKD (1.12), compared to earnings of HKD 0.21 in the same period last fiscal year[12]. Costs and Expenses - The group's direct costs for the nine months ended December 31, 2021, were HKD 10,516,000, compared to HKD 7,823,000 in the same period last fiscal year[10]. - The group's administrative expenses for the nine months ended December 31, 2021, were HKD 44,767,000, compared to HKD 55,526,000 in the same period last fiscal year[10]. - Direct costs increased from approximately HKD 7,823,000 in the previous year to approximately HKD 10,516,000[37]. - Administrative expenses decreased by 19%, from approximately HKD 55,526,000 to approximately HKD 44,767,000, mainly due to improved internal control efficiency[37]. Dividend and Shareholder Information - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2021[8]. - As of December 31, 2021, the company had 29,219,400 stock options granted, all of which were unexercised during the nine-month period[68]. - Fresh Success Investments Limited holds 1,437,914,040 shares, representing 62.82% of the issued share capital[73]. - Raywell Holdings Limited owns 135,430,000 shares, accounting for 5.93% of the issued share capital[73]. - No stock options were granted or exercised during the nine-month period ending December 31, 2021[67]. Business Operations and Strategy - The company primarily engages in lending, securities, futures brokerage, asset management services, property investment, cryptocurrency mining, and investment in racehorses[14]. - The financial services segment's revenue and profit decreased compared to the same period last fiscal year due to cautious management in light of global uncertainties and market volatility[43]. - The group completed the purchase of cryptocurrency mining equipment on April 30, 2021, and commenced cryptocurrency mining operations[40]. - The company has suspended cryptocurrency mining operations in response to the Chinese government's directives and has relocated its mining activities to Kazakhstan since July 2021[44]. - The group is seeking opportunities to maximize the performance of its cryptocurrency mining sector amid unstable power supply and political conditions in Kazakhstan[44]. Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the financial results for the nine-month period ending December 31, 2021[79]. - The company has complied with all provisions of the corporate governance code as per GEM Listing Rules Appendix 15, except for the absence of the chairman at the 2019 annual general meeting due to unforeseen circumstances[83]. - The board consists of five executive directors and three independent non-executive directors, ensuring a diverse governance structure[87]. - The company continues to adopt a code of conduct for securities transactions by directors, maintaining strict adherence to the standards set forth in GEM Listing Rules[86]. Future Outlook and Challenges - The management anticipates that 2021 and 2022 will be challenging years due to global economic impacts from trade disputes and the COVID-19 pandemic[47]. - The group will regularly review and adjust its business strategies to adopt a prudent and balanced risk management approach in response to the unpredictable economic situation[43]. - The board will explore strategic alliances to accelerate business development and improve financial conditions for shareholder value creation[47]. Asset and Financial Position - As of December 31, 2021, the group's net asset value was approximately HKD 141,992,000, an increase from HKD 61,979,000 as of March 31, 2021[48]. - Cash and bank balances as of December 31, 2021, were approximately HKD 90,418,000, a decrease of about 15% from the balance as of March 31, 2021[48]. - The group has no assets pledged under finance leases as of December 31, 2021[49]. - The group has not established any foreign exchange hedging arrangements and will monitor foreign currency exchange rate changes closely[50]. Legal and Regulatory Matters - The original claim against the group has been withdrawn, with the Guangdong High People's Court approving the withdrawal on November 11, 2021[57]. - The company has not disclosed any significant contracts involving directors or senior management with substantial interests as of the end of the reporting period[71]. - The company has no arrangements that would result in directors or their associates obtaining rights to shares or bonds of other corporations[69]. - No new stock options were granted under the 2006 stock option plan after its expiration on December 4, 2016[67].
帝国金融集团(08029) - 2022 Q3 - 季度财报