Financial Performance - For the nine months ended December 31, 2022, the company recorded unaudited revenue of approximately HKD 36,300,000, a decrease of about 10.8% compared to the same period last year[5]. - The unaudited profit attributable to owners for the nine months ended December 31, 2022, was approximately HKD 24,500,000, representing a decrease of about 46.6% year-on-year[5]. - Basic and diluted earnings per share for the nine months ended December 31, 2022, were approximately HKD 1.11, down from HKD 2.08 for the same period in 2021[5]. - For the three months ended December 31, 2022, the company reported revenue of HKD 13,018,408, compared to HKD 14,388,698 for the same period in 2021[6]. - The company experienced a net loss of HKD 1,196,865 from financial assets measured at fair value through profit or loss for the nine months ended December 31, 2022[6]. - The company reported a pre-tax profit of HKD 30,143,041 for the nine months ended December 31, 2022, compared to HKD 53,417,505 for the same period in 2021[6]. - Total comprehensive income attributable to owners for the nine months ended December 31, 2022, was HKD 24,568,730, down from HKD 40,688,716 in the previous year[6]. - The group's revenue for the nine months ended December 31, 2022, was approximately HKD 28,500,000, a decrease of about 62.5% or approximately HKD 47,400,000 compared to approximately HKD 75,900,000 in the same period of 2021[22]. - The group reported a net profit attributable to shareholders of HKD 24,450,811 for the nine months ended December 31, 2022, compared to HKD 45,814,072 for the same period in 2021, reflecting a decline of approximately 46.6%[19]. - The group recorded commission and brokerage fees from securities trading of HKD 2,863,025 for the nine months ended December 31, 2022, down from HKD 6,827,608 in the same period of 2021, representing a decrease of approximately 58.1%[13]. - Interest income from loan clients increased to HKD 24,638,905 for the nine months ended December 31, 2022, compared to HKD 16,284,064 in the same period of 2021, marking an increase of approximately 51.5%[13]. - The effective tax expense for the nine months ended December 31, 2022, was HKD 5,692,230, a decrease from HKD 7,603,433 in the same period of 2021[16]. - Total revenue for the nine months ending December 31, 2022, was approximately HKD 36,300,000, a decrease of about 10.8% from HKD 40,600,000 in the same period last year[29]. - Administrative expenses decreased by approximately 19.9% to HKD 11,900,000 from HKD 14,800,000 in the previous year[30]. - The company recorded a profit attributable to owners of approximately HKD 24,500,000, down about 46.6% from HKD 45,800,000 in the same period last year[30]. Dividends - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2022[5]. - The group did not recommend the payment of an interim dividend for the nine months ended December 31, 2022, compared to no dividend in the same period of 2021[17]. Share Options and Equity - The new share option plan allows for the grant of options up to 220,000,000 shares, representing 10% of the total shares as of December 31, 2022[34]. - As of December 31, 2022, the total number of stock options granted under the new stock option plan is 100,000,000, with 80,000,000 remaining unexercised[38]. - The fair value of the granted stock options on the grant date was HKD 8,275,000, calculated using the Black-Scholes model[39]. - The exercise price of the stock options is set at HKD 0.2275, which is approximately 55.3% lower than the stock price of HKD 0.410 on the grant date[39]. - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, representing 68.18% of the total issued share capital[44]. - The total number of stock options granted to directors as of December 31, 2022, is 60,000,000, which accounts for approximately 2.73% of the total issued shares[41]. - The expected volatility used in the option pricing model is 55.019%[39]. - The expected life of the stock options is 9 years, with a risk-free interest rate of 2.106%[39]. - The company has a dividend yield of 5.860% as part of the assumptions for the stock option valuation[39]. Corporate Governance - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with GEM Listing Rules from December 31, 2022[49]. - The company has adhered to all corporate governance code provisions as per GEM Listing Rules Appendix 15 for the nine months ending December 31, 2022, with a noted deviation regarding the separation of roles between the Chairman and CEO[50]. - The company currently does not have a Chairman position, with daily operations managed by the CEO and executive directors, ensuring balanced power distribution[51]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ending December 31, 2022, confirming compliance with applicable accounting standards and regulations[54]. - The company plans to elect a new Chairman when appropriate circumstances arise[52]. Market Conditions - The Hang Seng Index recorded a decline of approximately 10.1%, closing at 19,781 points on December 31, 2022, compared to 21,996 points on March 31, 2022[21]. - Total trading volume for securities transactions was approximately HKD 42,239,300,000, down from HKD 75,212,600,000 in the same period last year, representing a significant decline[23]. - Securities and futures brokerage income decreased by approximately 56.6% from HKD 7,200,000 to HKD 3,100,000 for the nine months ending December 31, 2022[23]. - Interest income from customer securities and margin accounts decreased by about 9.2% to approximately HKD 6,000,000 compared to HKD 6,600,000 in the previous year[23]. - Interest income from loans and financing services increased to approximately HKD 24,600,000, up from HKD 16,300,000, marking a growth of about 51.4%[25]. Future Outlook - The company has no major investment or acquisition plans but will actively seek investment opportunities to enhance profitability[32]. - The management anticipates further improvement in the local economy in Q1 2023, aiming to expand margin and loan financing services as well as securities advisory services[33].
昌利控股(08098) - 2023 Q3 - 季度财报