Financial Performance - For the three months ended June 30, 2022, the company recorded an unaudited revenue of approximately HKD 11,500,000, representing an increase of about 1.3% compared to HKD 11,400,000 for the same period in 2021[3]. - The unaudited profit attributable to owners for the same period was approximately HKD 3,900,000, a decrease from HKD 12,300,000 in the previous year[3]. - Basic and diluted earnings per share for the three months ended June 30, 2022, were both approximately HKD 0.18, down from HKD 0.56 for the same period in 2021[3]. - The company reported a pre-tax profit of approximately HKD 5,167,037 for the period, compared to HKD 13,769,384 in the prior year[6]. - Total comprehensive income attributable to owners for the period was approximately HKD 3,275,228, down from HKD 12,314,691 in the previous year[6]. - The total revenue and investment income for the three months ended June 30, 2022, was approximately HKD 9,200,000, a decrease of about 49.4% or HKD 9,100,000 compared to approximately HKD 18,300,000 in the same period of 2021[27]. - The profit attributable to the company's owners for the three months ended June 30, 2022, was approximately HKD 3,900,000, down from approximately HKD 12,300,000 in the same period of 2021[34]. - Earnings per share for the three months ended June 30, 2022, was approximately HKD 0.18, compared to HKD 0.56 in the same period of 2021[34]. Dividend Policy - The board of directors did not recommend the payment of an interim dividend for the three months ended June 30, 2022, consistent with the previous year[3]. - The company did not recommend the distribution of an interim dividend for the three months ended June 30, 2022, compared to no dividend in the same period of 2021[18]. Revenue Sources - The company generated commission and brokerage fees from securities trading on the exchange amounting to HKD 1,258,602, a decrease from HKD 1,546,778 in the previous year[14]. - The company reported interest income from various sources totaling HKD 7,412,449, compared to HKD 5,649,227 in the previous year[14]. - The interest income from loans and financing for the three months ended June 30, 2022, was approximately HKD 7,400,000, an increase from approximately HKD 5,600,000 in the same period of 2021[30]. - The interest income from customer securities and margin accounts increased by approximately 12.1% to about HKD 1,900,000 for the three months ended June 30, 2022, compared to approximately HKD 1,700,000 in the same period of 2021[28]. Trading and Investment Activity - The company experienced a net loss of HKD 6,700,068 from financial assets measured at fair value through profit or loss, compared to a gain of HKD 6,901,170 in the previous year[6]. - The total trading volume for securities transactions decreased by approximately 41.2% to about HKD 16,878,600,000 for the three months ended June 30, 2022, compared to approximately HKD 28,689,400,000 in the same period of 2021[28]. - The value of the investment portfolio, including listed securities and debt securities, was approximately HKD 19,500,000 as of June 30, 2022, down from approximately HKD 22,300,000 as of March 31, 2022[31]. Administrative Expenses - Administrative expenses decreased by approximately 10.4% to about HKD 3,900,000 for the three months ended June 30, 2022, from approximately HKD 4,300,000 in the same period of 2021[33]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[60]. - The company has complied with all corporate governance code provisions except for the separation of the roles of Chairman and CEO, which are currently held by the same individual[56]. - The company has not identified any competitive business interests among its directors or major shareholders that could conflict with the group's business[53]. - The company has not established a Chairman position, with daily operations managed by the CEO and executive directors[57]. - The company plans to elect a new Chairman when appropriate[58]. - The company confirmed that all directors complied with the trading code during the three months ending June 30, 2022[55]. - The company’s independent directors have reviewed the unaudited condensed consolidated results for the three months ending June 30, 2022, ensuring compliance with applicable accounting standards[60]. Future Plans and Strategies - The company has no plans for significant investments or acquisitions of capital assets as of June 30, 2022, but will actively seek investment opportunities to enhance profitability[35]. - The company aims to expand its customer base and enhance its trading platform to develop its brokerage and underwriting businesses[36]. - The company is committed to expanding its margin and loan financing business as well as its securities advisory services to meet customer needs[36]. - The company plans to explore potential business opportunities to generate new revenue sources and enhance profitability[38]. - The company will continue to seek new strategies for market expansion and potential acquisitions[38]. Share Options - The new share option plan allows for a total of 220,000,000 shares to be granted, representing 10% of the total shares as of June 30, 2022[39]. - The fair value of the granted share options on the grant date was HKD 8,275,000, calculated using the Black-Scholes model[45]. - The expected volatility used in the option pricing model was 55.019%[45]. - The company has terminated the previous share option plan and adopted a new one to attract and retain talent[39]. - The company has set a limit that the total number of shares issued upon the exercise of options cannot exceed 1% of the issued shares as of the grant date within any 12-month period[42]. - As of June 30, 2022, the company granted a total of 60,000,000 share options to directors, representing 2.73% of the total shares[48]. Major Shareholders - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, accounting for 68.18% of the company's total shares[50]. Securities Transactions - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ending June 30, 2022[52].
昌利控股(08098) - 2023 Q1 - 季度财报