Financial Performance - Revenue for Q1 2022 was HKD 6,319,000, an increase of 42.2% compared to HKD 4,444,000 in Q1 2021[4] - Gross profit for Q1 2022 was HKD 5,994,000, up 52.0% from HKD 3,947,000 in the same period last year[4] - The company reported a loss before tax of HKD 45,236,000, compared to a profit of HKD 4,070,000 in Q1 2021[4] - Total comprehensive loss for the period was HKD 37,947,000, a significant decline from a profit of HKD 3,396,000 in Q1 2021[4] - Basic and diluted loss per share for Q1 2022 was HKD 27.66, compared to earnings of HKD 2.56 per share in Q1 2021[4] - The company recorded a net loss of approximately HKD 37,900,000 for the three months ended March 31, 2022, compared to a net profit of approximately HKD 3,400,000 for the same period in 2021[34] Other Income and Expenses - Other income, losses, and gains totaled HKD (48,129,000) in Q1 2022, a decrease from HKD 4,800,000 in Q1 2021[4] - Interest income from guaranteed financing was HKD 2,206,000, an increase of 95.0% from HKD 1,130,000 in Q1 2021[13] - The company incurred financial expenses of HKD 108,000, down 59.6% from HKD 267,000 in Q1 2021[15] Equity and Investments - The total equity attributable to owners of the company as of March 31, 2022, was HKD 314,550,000, a decrease from HKD 353,048,000 at the beginning of the year[6] - The fair value of listed equity investments held by the company was approximately HKD 77,200,000 as of March 31, 2022, compared to HKD 36,200,000 as of March 31, 2021[32] - The company reported a realized loss of approximately HKD 400,000 from the sale of listed securities in Q1 2022, compared to a gain of HKD 2,500,000 in Q1 2021[34] - The company recorded a significant unrealized loss of approximately HKD 47,700,000 on listed securities in Q1 2022, compared to a gain of HKD 2,200,000 in Q1 2021, primarily due to losses from investments in Hong Kong Aerospace Technology Group Co., Ltd.[34] Future Outlook - The company plans to expand its investment property portfolio by actively seeking suitable commercial properties in Hong Kong[33] - The company anticipates that the brokerage and margin financing services will become a major growth driver moving forward[24] - The group anticipates that the COVID-19 pandemic may impact its financial performance, including fair value changes in securities investments and expected credit losses on loans and interest[36] Shareholding and Governance - As of March 31, 2022, Ms. Huang Jiawen holds 26,533,363 shares, representing 19.07% of the company's issued share capital[38] - The audit committee has reviewed the unaudited financial results for the three months ended March 31, 2022, and believes that the financial statements are prepared in accordance with applicable accounting standards[45] Revenue Breakdown - The brokerage services revenue was HKD 641,000 in Q1 2022, down from HKD 819,000 in Q1 2021[24] - The interest income from lending activities was approximately HKD 800,000 in Q1 2022, a decrease from HKD 2,300,000 in Q1 2021, accounting for 12.9% of total revenue[29] Dividends - The company did not declare or recommend any dividends for the three months ended March 31, 2022, consistent with the previous year[20]
树熊金融集团(08226) - 2022 Q1 - 季度财报