Financial Performance - The company's revenue for the three months ended June 30, 2022, was HKD 9,855,000, representing an increase of 10% compared to HKD 8,953,000 for the same period in 2021[9]. - Total income, including other income and gains, reached HKD 10,023,000, up from HKD 8,953,000 year-on-year, marking a growth of approximately 12%[9]. - The company reported a pre-tax loss of HKD 137,000, a significant improvement compared to a loss of HKD 2,225,000 in the previous year, indicating a reduction in losses by approximately 94%[9]. - Basic and diluted loss per share improved to HKD 0.02 from HKD 0.28, reflecting a decrease in loss per share by about 93%[9]. - The company reported a loss attributable to owners of approximately HKD 137,000 for the three months ended June 30, 2022, compared to a loss of HKD 2,202,000 for the same period in 2021, representing a significant reduction in losses[25]. - Revenue increased from approximately HKD 9.0 million for the three months ended June 30, 2021, to approximately HKD 9.9 million for the three months ended June 30, 2022, representing a growth of about 10.0% due to increased trading volume[30]. Expenses and Costs - Employee costs decreased to HKD 6,736,000 from HKD 7,426,000, showing a reduction of approximately 9%[9]. - The company did not incur any depreciation expenses during the quarter, compared to HKD 633,000 in the same period last year[9]. - Other operating expenses increased slightly to HKD 3,380,000 from HKD 3,096,000, representing an increase of about 9%[9]. - Employee costs decreased from approximately HKD 7.4 million to approximately HKD 6.7 million, a decline of about 9.5%, primarily due to a reduction in the number of employees[32]. - Other operating expenses rose from approximately HKD 3.1 million to approximately HKD 3.4 million, an increase of about 9.7%, mainly attributed to higher settlement costs[35]. - The financing costs for the three months ended June 30, 2022, totaled HKD 44,000, compared to HKD 23,000 for the same period in 2021, indicating an increase of approximately 91.3%[22]. Shareholder Information - The total equity attributable to the owners of the company as of June 30, 2022, was HKD 79,664,000, down from HKD 88,299,000 a year earlier, indicating a decrease of approximately 10%[11]. - The company issued 8,400,000 shares under the share incentive plan during the quarter, compared to 30,916,000 shares in the same period last year[11]. - As of June 30, 2022, Oasis Green Ventures Limited holds 278,000,000 shares, representing 34.75% of the company's equity[57]. - The total number of shares held by major shareholders, including spouse interests, amounts to 294,000,000 shares, which is 36.75% of the company's equity[57]. - Jolly Ocean Global Limited, controlled by Liu Mingkang, holds 96,000,000 shares, accounting for 12.00% of the company's equity[57]. - The total number of stock options that may be granted under the stock option plan is 80,000,000 shares, which represents 10% of the total issued share capital as of the report date[65]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the three months ending June 30, 2022[63]. - The company aims to maintain high levels of corporate governance, which is crucial for its sustainable development and growth[63]. - The audit committee was established on July 30, 2018, and consists of three independent non-executive directors, responsible for reviewing financial information and risk management[70]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2022[71]. - No directors or major shareholders have engaged in any business that competes with the company's operations during the reporting period[60]. - There are no records of any interests or short positions in shares or related securities held by directors or senior management as of June 30, 2022[59]. Dividends and Incentives - The company did not declare or propose any dividends for the three months ended June 30, 2022, consistent with the same period in 2021[24]. - The board decided not to declare an interim dividend for the three months ended June 30, 2022[52]. - The company has granted a total of 88,000,000 incentive shares under the share incentive plan, all of which have vested as of June 30, 2022[69]. - The company has not granted any stock options under the stock option plan since its adoption[66]. Operational Updates - The company has not reported any new product developments or market expansions during this quarter[8]. - The company operates as a futures non-settlement broker, providing derivative brokerage services exclusively to professional investors[27]. - The group maintained a prudent liquidity position, monitoring cash flow daily to meet funding needs and regulatory requirements[40]. - The group had no significant investments valued at 5% or more of total assets during the review period[43]. - There were no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended June 30, 2022[47]. - The group had no capital commitments related to property and equipment acquisitions as of June 30, 2022[42]. - The group had a total of 25 employees as of June 30, 2022, down from 28 employees a year earlier[51].
衍汇亚洲(08210) - 2023 Q1 - 季度财报