Financial Performance - The group reported a pre-tax loss of approximately HKD 75,981,000 for the nine months ended December 31, 2022, compared to a loss of approximately HKD 25,347,000 for the same period last year [5]. - Revenue for the nine months ended December 31, 2022, was approximately HKD 23,227,000, representing a decrease of about 50.42% compared to the same period last year [15]. - Gross profit for the nine months ended December 31, 2022, was approximately HKD 12,441,000, down from HKD 36,330,000 in the previous fiscal year [12]. - The total comprehensive loss attributable to owners of the company for the nine months ended December 31, 2022, was approximately HKD 83,590,000, compared to HKD 19,986,000 for the same period last year [16]. - The group reported a loss per share of HKD 3.33 for the nine months ended December 31, 2022, compared to HKD 1.12 for the same period last year [36]. - The company reported a loss attributable to owners of approximately 75,981,000 HKD for the nine months ended December 31, 2022, compared to a loss of 25,347,000 HKD in the same period last year [52]. - The company reported a loss of approximately 37,114,000 HKD after tax for the nine months ended December 31, 2022, compared to a loss of 7,733,000 HKD in the same period last year [77]. Revenue and Expenses - The group’s revenue from financial services for the nine months ended December 31, 2022, was HKD 5,546,000, compared to HKD 16,751,000 in the previous year [24]. - The group incurred administrative expenses of HKD 56,549,000 for the nine months ended December 31, 2022, compared to HKD 44,767,000 in the previous year [7]. - Administrative expenses decreased by 46.40% from approximately 44,767,000 HKD to about 23,995,000 HKD, primarily due to improved internal control efficiency [56]. - The direct costs slightly increased from approximately 10,516,000 HKD in the previous year to about 10,816,000 HKD [76]. - Total compensation for employees was approximately HKD 13,812,000 for the nine months ended December 31, 2022, down from HKD 16,907,000 in the previous year, reflecting a reduction in headcount from 43 to 34 employees [123][1]. Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2022 [13]. - The company has not declared any dividends for the nine months ended December 31, 2022, consistent with the previous year [50]. - Fresh Success Investment Limited holds 62.95% of the issued shares, with 1,437,914,040 shares owned, indicating significant control over the company [131]. Cryptocurrency Operations - The company experienced a significant increase in cryptocurrency impairment losses, amounting to 27,223,000 HKD for the nine months ended December 31, 2022, compared to 6,001,000 HKD in the previous year [46]. - The company has initiated cryptocurrency mining operations after acquiring mining equipment on April 30, 2021 [79]. - Cryptocurrency mining operations were relocated to Kazakhstan in July 2021, but performance has been affected by unstable electricity supply and political conditions in the region [81]. - The management will continue to monitor the cryptocurrency mining business and seek opportunities to maximize its performance [81]. - The group completed the acquisition of digital currency mining machines for a total consideration of 112,522,768 shares, aiming to establish a stable income stream from the cryptocurrency/blockchain business [81]. Future Outlook and Strategy - The management anticipates that 2023 will be challenging due to global economic uncertainties, including the impact of the US-China trade dispute and rising interest rates [83]. - The group plans to enhance operational efficiency and seek strategic alliances to accelerate business development and improve financial conditions [83]. - The group aims to adjust its business portfolio to create value for shareholders amid the dual challenges and opportunities presented by the current market conditions [83]. - The group's operational funding primarily comes from internal resources as of the nine months ending December 31, 2022 [83]. Corporate Governance - The board of directors is committed to ensuring that all major business activities are independently evaluated and reviewed [106]. - The company continues to comply with the corporate governance code as per GEM listing rules, with minor deviations noted [138]. - The company is committed to reviewing its corporate governance practices regularly to ensure compliance with applicable standards [138]. - The board of directors includes four executive directors and three independent non-executive directors, ensuring a diverse governance structure [133]. Other Information - The company has a rental income of approximately HKD 1,700,000 per year from leasing certain lands and farms in Australia [124]. - The company has not engaged in any purchase, redemption, or sale of its listed securities during the review period [135]. - The company has not entered into any significant contracts that would affect its subsidiaries or directors' interests during the reporting period [127].
帝国金融集团(08029) - 2023 Q3 - 季度财报