Financial Performance - The group's revenue for the three months ended June 30, 2022, was approximately HKD 6,094,000, a decrease of about 45.8% compared to the same period last fiscal year[9] - The gross profit for the same period was approximately HKD 5,983,000, down from HKD 10,832,000 in the previous fiscal year[9] - The loss attributable to owners of the company for the three months ended June 30, 2022, was approximately HKD 24,048,000, compared to a loss of HKD 6,605,000 in the same period last year[9] - The total comprehensive loss for the period was approximately HKD 27,813,000, compared to a total comprehensive income of HKD 11,230,000 in the previous fiscal year[9] - The financial services revenue for the three months ended June 30, 2022, was HKD 2,614,000, down from HKD 7,605,000 in the previous year[32] - The basic and diluted loss per share for the period was HKD 1.05, compared to HKD 0.29 in the previous year[24] - The loss attributable to the company's owners for the same period was approximately HKD 24,048,000, an increase of approximately HKD 17,443,000 compared to the previous fiscal year[59] Expenses and Costs - Administrative expenses for the period were HKD 9,131,000, down from HKD 14,489,000 in the previous year[18] - Financial costs for the three months ended June 30, 2022, were HKD 4,199,000, compared to HKD 4,386,000 in the previous year[39] - Direct costs decreased from approximately HKD 418,000 in the previous year to approximately HKD 111,000[59] - Administrative expenses decreased by 37.0% from approximately HKD 14,489,000 in the previous year to approximately HKD 9,131,000 due to business simplification[59] Assets and Cash Flow - As of June 30, 2022, the group's net asset value was approximately HKD 40,789,000, down from HKD 68,667,000 as of March 31, 2022[72] - Cash and bank balances as of June 30, 2022, were approximately HKD 115,221,000, an increase of approximately 34.7% compared to the balance as of March 31, 2022[72] Impairment and Provisions - The group recognized an impairment loss of approximately HKD 17,389,000 on cryptocurrencies held during the reporting period due to a decline in market value[59] - The net expected credit loss provision reversal for the period was HKD 321,000, compared to HKD 669,000 in the previous year[34] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the financial results for the three months ended June 30, 2022[100] - The company has complied with the corporate governance code as set out in the GEM Listing Rules during the reporting period[101] - The company has established corporate governance procedures to ensure independent evaluation and review of business opportunities and performance[95] - There were no reported conflicts of interest or competition with the business of the company as of June 30, 2022[99] - The company continues to adopt the code of conduct for securities trading by directors, adhering to the standards set forth in GEM Listing Rules 5.48 to 5.67[102] - The board consists of four executive directors and three independent non-executive directors, ensuring a diverse governance structure[107] Strategic Direction - The group plans to continue improving operational efficiency and effectiveness while seeking strategic alliances to accelerate business development[71] - The group will adopt a prudent and balanced risk management approach to navigate the current unpredictable economic environment[66] - The company has suspended cryptocurrency mining operations in response to regulatory guidance from the Chinese government and has relocated operations to Kazakhstan since July 2021[68] Shareholder Information - Fresh Success Investment Limited, controlled by Mr. Zheng Dinggang, holds 1,437,914,040 shares, representing 62.95% of the issued share capital[88] - Raywell Holdings Limited, controlled by Mr. Yang Keqin, holds 135,430,000 shares, representing 5.93% of the issued share capital[88] - The company did not purchase, sell, or redeem any shares during the three months ended June 30, 2022[84] - The company has not granted or exercised any share options under the share option scheme during the three months ended June 30, 2022, and no share options were outstanding as of that date[83] - No purchases, redemptions, or sales of the company's listed securities were conducted by the company or any of its subsidiaries during the review period[106] Employment - As of June 30, 2022, the total number of employees was 42, a decrease from 43 in 2021, with total compensation amounting to approximately HKD 5,043,000, down from HKD 6,593,000 in 2021[75]
帝国金融集团(08029) - 2023 Q1 - 季度财报