Financial Performance - Total revenue for the three months ended June 30, 2023, was HK$5,514,000, representing an increase of 245% compared to HK$1,592,000 for the same period in 2022[11]. - The company reported a profit before tax of HK$872,000, a turnaround from a loss of HK$3,896,000 in the corresponding period of 2022[11]. - Basic earnings per share for the period was HK$0.04, compared to a loss per share of HK$0.19 in the previous year[11]. - Total comprehensive profit for the period attributable to owners of the Company was HK$873,000, compared to a loss of HK$3,896,000 in the same period last year[11]. - Total other operating expenses decreased to HK$1,771,000 from HK$2,935,000, reflecting a reduction of 39.5%[50]. - The Group recorded a net profit turnaround for the Reporting Period, compared to a net loss in the previous period[83]. Revenue Sources - Commission income from securities dealing and brokerage services decreased to HK$180,000, down 49% from HK$355,000 in the corresponding period of 2022[11]. - Interest income from loan financing increased significantly to HK$2,933,000, up 157% from HK$1,142,000 in the previous year[11]. - Supply chain financing revenue rose to HK$1,817,000, compared to HK$33,000 in the same period last year, marking a substantial increase[11]. - Revenue from financing services, including loan financing and margin financing, generates interest income from clients[32]. - The Group's asset management services primarily generate management fees and performance fees[32]. - Supply chain financing provides alternative financial services to wholesalers for trading businesses in 3C products[32]. Market and Strategy - The company has not provided specific guidance for future performance or new product developments in this report[11]. - There were no significant new strategies or market expansions mentioned in the report[11]. - The Group is developing external asset management (EAM) and trust businesses to attract high net worth clients and diversify financial products[83]. - The Group plans to strengthen its sales force in the securities dealing and brokerage business by hiring experienced personnel[87]. - The capital market is expected to improve in the second half of 2023, which may enhance the Group's performance in placing and underwriting activities[88]. Shareholder Information - As of June 30, 2023, Mr. Fok Yuk Tong and Ms. Hsieh Ching Chun each hold a beneficial interest in 1,199,640,000 shares, representing 59.98% of the total shareholding[148]. - The issued share capital of CWIL is beneficially owned as to 30% by Mr. Fok and 70% by Ms. Hsieh, who are spouses[150]. - Mega Wise Group Limited and Dr. Lee Chun Pong Bruce each hold 300,000,000 shares, representing 15.00% of the total shareholding[154]. - As of June 30, 2023, no share options have been granted under the share option scheme adopted on December 5, 2016[157]. Compliance and Governance - The Company has established an Audit Committee comprising three independent non-executive Directors, ensuring compliance with GEM Listing Rules and the Corporate Governance Code[175]. - The unaudited condensed consolidated results for the Reporting Period have been reviewed by the Audit Committee and are deemed to comply with applicable accounting standards and legal requirements[176]. - The Company has complied with the Corporate Governance Code, with some deviations explained in the report[169]. - All Directors confirmed compliance with the Required Standard of Dealings throughout the Reporting Period[164]. Trading and Suspension - The Group's shares have been suspended from trading on the Stock Exchange since 9:00 a.m. on June 29, 2023, pending the fulfillment of certain resumption conditions[18]. - Trading in the Company's Shares has been suspended since June 29, 2023, due to failure to maintain sufficient operations and assets as required under GEM Listing Rules[117]. - The Company aims to resume trading by June 28, 2024, by demonstrating compliance with GEM Listing Rules[121].
PF GROUP(08221) - 2024 Q1 - 季度财报