Financial Performance - For the nine months ended December 31, 2021, the company recorded unaudited revenue of approximately HKD 40,600,000, an increase of about 18.2% compared to the same period last year[3]. - The unaudited profit attributable to the owners of the company for the nine months ended December 31, 2021, was approximately HKD 45,800,000, representing an increase of about 51.3% year-on-year[3]. - Basic and diluted earnings per share for the nine months ended December 31, 2021, were approximately HKD 2.08, compared to HKD 1.38 for the same period last year[3]. - For the three months ended December 31, 2021, the company reported a profit attributable to owners of approximately HKD 32,117,926, compared to HKD 8,164,299 for the same period last year[5]. - The company's total comprehensive income for the nine months ended December 31, 2021, was approximately HKD 40,688,716, compared to HKD 33,860,444 for the same period last year[5]. - The company's profit attributable to owners for the nine months ended December 31, 2021, was HKD 45,814,072, compared to HKD 30,273,415 for the same period in 2020[22]. - The net profit attributable to the company's owners for the nine months ended December 31, 2021, was approximately HKD 45,800,000, reflecting a 51.3% increase from approximately HKD 30,300,000 in the same period of 2020[34]. Revenue Sources - Commission and brokerage fees from securities trading on the Stock Exchange amounted to HKD 6,827,608 for the nine months ended December 31, 2021, an increase of approximately 38.4% from HKD 4,936,195 in the same period of 2020[17]. - Interest income from cash and margin clients was HKD 6,631,132 for the nine months ended December 31, 2021, compared to HKD 5,873,628 in the same period of 2020, reflecting an increase of approximately 12.9%[17]. - Securities and futures brokerage income increased by approximately 36.2% from about HKD 5,300,000 to approximately HKD 7,200,000 for the nine months ended December 31, 2021[27]. - Interest income from customer securities and margin accounts rose by about 14.8% to approximately HKD 6,600,000 compared to approximately HKD 5,800,000 in the same period last year[27]. Expenses and Losses - The company experienced a significant increase in administrative expenses, totaling HKD 14,813,490 for the nine months ended December 31, 2021, compared to HKD 11,678,141 for the same period last year[5]. - The company reported a fair value loss on financial assets of approximately HKD 5,125,356 for the nine months ended December 31, 2021[5]. - The company reported a net loss from financing asset impairment of HKD 7,254,655 for the nine months ended December 31, 2021, compared to no such loss in the same period of 2020[19]. Dividends - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2021, consistent with the previous year[3]. - The company did not recommend an interim dividend for the nine months ended December 31, 2021, compared to no dividend in the same period of 2020[21]. Equity and Assets - The total equity of the company as of December 31, 2021, was approximately HKD 262,356,815, an increase from HKD 248,343,778 as of December 31, 2020[8]. - The group's mortgage loan portfolio was approximately HKD 115,300,000 as of December 31, 2021, with interest income from loan and financing activities amounting to approximately HKD 16,300,000[29]. - The total value of the investment portfolio increased to approximately HKD 88,500,000 from approximately HKD 75,700,000 as of March 31, 2021[31]. Corporate Governance - The company has complied with all corporate governance code provisions during the nine months ended December 31, 2021, with some deviations noted[56]. - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the GEM Listing Rules[55]. - The company currently does not have a chairman position, with daily operations managed by the CEO and executive directors[57]. - The board plans to elect a new chairman when appropriate circumstances arise[58]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ending December 31, 2021, ensuring compliance with applicable accounting standards and regulations[60]. - The company is focused on maintaining efficient internal controls and financial reporting processes through its audit committee[60]. Future Plans - The group plans to continue expanding its margin and loan financing business as well as securities advisory services to meet customer needs[37]. - The company has no major investment or acquisition plans but will actively seek investment opportunities to enhance profitability[36]. Stock Options - As of December 31, 2021, the total number of stock options granted under the new stock option plan was 60,000,000 shares[46]. - The fair value of the granted stock options on the grant date was HKD 8,275,000, calculated using the Black-Scholes model[43]. - The exercise price of the stock options cannot be lower than the higher of the closing price on the grant date or the average closing price over the five trading days preceding the grant date[42]. - No stock options exceeding 1% of the issued shares can be granted without shareholder approval[42]. - The expected volatility used in the option pricing model was 55.019%[43]. - The expected life of the stock options is 9 years[43].
昌利控股(08098) - 2022 Q3 - 季度财报