Financial Performance - For the three months ended March 31, 2023, the group recorded revenue of approximately HKD 2.91 million, a decrease of 42.5% compared to HKD 5.08 million for the same period in 2022[7] - The loss attributable to owners of the company for the three months ended March 31, 2023, was approximately HKD 2.43 million, compared to a profit of approximately HKD 0.12 million for the same period in 2022[7] - The basic and diluted loss per share for the current quarter was HKD 3.79, compared to earnings of HKD 0.18 per share in the same quarter of 2022[10] - Operating expenses for the three months ended March 31, 2023, were HKD 5.34 million, an increase of 7.6% from HKD 4.96 million in the same period of 2022[10] - The group experienced increased operating expenses due to the establishment of a new representative office in Singapore and the leasing of two new offices in Hong Kong and Singapore, leading to higher depreciation and employee costs[25] - As of March 31, 2023, the total equity amounted to approximately HKD 21.85 million, down from HKD 24.05 million as of January 1, 2023[21] Dividend Policy - The group did not recommend the payment of any dividend for the three months ended March 31, 2023[7] - The company does not recommend any dividend payment for the three months ended March 31, 2023, consistent with the previous year[19] Business Operations - The group’s main activities involve providing financial services in Hong Kong, with revenue derived from corporate finance advisory services[15] - The group reported a foreign exchange gain of HKD 0.22 million from the translation of overseas operations[10] - The group has no significant contingent liabilities as of March 31, 2023[27] Corporate Governance - The company has adopted a code of conduct for directors' securities trading that is not more lenient than the GEM Listing Rules[37] - The company has complied with the corporate governance code and report during the three months ended March 31, 2023, with some deviations noted[39] - The roles of Chairman and CEO are held by the same individual due to the company's size, which is deemed appropriate[40] - The company has established a remuneration committee to review and recommend the remuneration policies for directors and senior management[42] - The company has formed a nomination committee to develop nomination policies and make recommendations regarding director appointments[44] - The audit committee has reviewed the unaudited condensed consolidated results for the three months ended March 31, 2023, ensuring compliance with applicable accounting standards and GEM Listing Rules[45] Future Outlook - Management remains optimistic about the medium to long-term prospects of the financial services industry in Hong Kong despite uncertainties in the post-pandemic recovery[23] - The group plans to adopt a conservative and prudent business strategy to support daily operations and address recent economic uncertainties[23] - Management highlighted the potential for new business opportunities arising from the new listing regime for specialized technology companies effective from March 31, 2023[23] Share Information - The weighted average number of ordinary shares in issue during the period was 64 million shares, unchanged from the same period in 2022[17] - The total number of ordinary shares as of March 31, 2023, was 64,000,000 shares[26] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2023[36]
紫荆国际金融(08340) - 2023 Q1 - 季度财报