Financial Performance - The company reported revenue of HKD 14,339,000 for the three months ended June 30, 2023, representing a 45.5% increase compared to HKD 9,855,000 in the same period of 2022[8]. - Total revenue and other income reached HKD 14,552,000, a 45.0% increase from HKD 10,023,000 in the previous year[8]. - For the three months ended June 30, 2023, the company's revenue was approximately HKD 14.3 million, an increase of about 44.4% compared to approximately HKD 9.9 million for the same period in 2022[23]. - Commission income from futures non-settlement brokerage for the three months ended June 30, 2023, was HKD 14,339,000, compared to HKD 9,855,000 for the same period in 2022[16]. - The company achieved a profit before tax of HKD 528,000, compared to a loss of HKD 137,000 in the same quarter of 2022[8]. - The net profit attributable to owners of the company was HKD 476,000, a significant recovery from a loss of HKD 137,000 in the prior year[8]. - The company recorded a pre-tax profit of approximately HKD 476,000 for the three months ended June 30, 2023, compared to a loss of approximately HKD 137,000 for the same period in 2022[20]. - The basic and diluted earnings per share were HKD 0.06, compared to a loss per share of HKD 0.02 in the same quarter of 2022[8]. Expenses - Employee costs increased to HKD 9,398,000, up 39.5% from HKD 6,736,000 in the previous year[8]. - Other operating expenses rose to HKD 4,211,000, an increase of 24.5% from HKD 3,380,000 year-on-year[8]. - Employee costs rose from approximately HKD 6.7 million to approximately HKD 9.4 million, an increase of about 40.3%, primarily due to bonuses linked to revenue growth[27]. - Other operating expenses increased from approximately HKD 3.4 million to approximately HKD 4.2 million, a rise of about 23.5%, driven by increases in settlement, error, and marketing expenses[29]. - Settlement expenses for the three months ended June 30, 2023, were approximately HKD 1.4 million, up 43.4% from approximately HKD 976,000 in the same period last year[29]. Equity and Shareholder Information - The company’s total equity as of June 30, 2023, was HKD 84,189,000, compared to HKD 79,797,000 a year earlier, reflecting a growth of 5.0%[10]. - As of June 30, 2023, Oasis Green Ventures Limited holds 278,000,000 shares, representing approximately 34.75% of the company's total issued shares[49]. - The total number of shares held by major shareholders, including related interests, amounts to 294,000,000 shares, which is approximately 36.75% of the company's total issued shares[49]. - The company has a stock option plan that allows for the issuance of up to 80,000,000 shares, which represents 10% of the total issued share capital as of the report date[56]. - The stock option plan has a remaining validity of approximately 5 years from the adoption date[56]. - The number of shares available for issuance under the share incentive plan is 120,000,000, representing 15% of the total issued share capital as of the report date[58]. Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the three months ending June 30, 2023[54]. - The company has maintained a high level of corporate governance, which is deemed essential for sustainable development and growth[54]. - The audit committee was established on July 30, 2018, and consists of three independent non-executive directors[59]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023[59]. - The company has confirmed that all directors have adhered to the trading standards set forth in the GEM listing rules during the reporting period[55]. - No directors or major shareholders have any competing business interests or conflicts of interest with the company's operations as of June 30, 2023[52]. Dividends and Future Plans - The company did not declare or propose any dividends for the three months ended June 30, 2023, consistent with the same period in 2022[19]. - The company has not disclosed any new product developments or market expansion strategies in the current report[7]. - There have been no significant changes in the company's business and future development since the publication of the annual report for the year ended March 31, 2023[23]. - As of June 30, 2023, the company had no significant investments or capital asset plans[39]. Risk Management - The company reported no foreign exchange risk impact on its operations, primarily conducted in HKD and USD[42]. - The company maintained a stable liquidity position, monitoring cash flow daily to meet funding needs and regulatory requirements[34]. Other Information - The report will be available on the Stock Exchange's website for at least seven days from the date of publication[60]. - The executive directors include Liu Mingyang, Cai Wenhao, Wu Yuhui, and Shao Jinwen[60]. - The independent non-executive directors include Wen Xianfu, Ke Yanfeng, and Wu Binglin[60]. - The company has not purchased, sold, or redeemed any of its listed securities during the three months ending June 30, 2023[53]. - No new shares have been granted under the stock option plan since its adoption[56]. - A total of 88,000,000 incentive shares have been granted under the share incentive plan, all of which have vested to the relevant participants[58]. - No incentive shares were granted, cancelled, lapsed, or vested during the three months ended June 30, 2023[58].
衍汇亚洲(08210) - 2024 Q1 - 季度财报