Financial Performance - For the first quarter ended March 31, 2022, the total revenue recorded was approximately HKD 1,563,000, a decrease of about HKD 400,000 or 19.5% compared to HKD 2,049,000 in the same period last year[12][17]. - The group reported a loss of approximately HKD 3,734,000 for the period, an improvement from a loss of HKD 6,455,000 in the same period last year, representing a reduction of about 42.3%[12][17]. - For the three months ended March 31, 2022, the company reported a total loss of HKD 3,734,000, compared to a loss of HKD 6,455,000 for the same period in 2021, representing a 42.5% improvement in loss[19]. - Total revenue for the three months ended March 31, 2022, was HKD 1,563,000, down 23.7% from HKD 2,049,000 in the same period of 2021[27]. - The company reported a basic and diluted loss per share of HKD 0.47 for the three months ended March 31, 2022, an improvement from HKD 0.81 in the same period of 2021[33]. Expenses and Cost Management - Salary and other benefits decreased by approximately HKD 707,000 or 31.7%, primarily due to cost-cutting measures implemented in the previous year[12][14]. - Other operating and administrative expenses decreased by approximately HKD 3,000,000 or 42.2%, mainly due to a reduction in marketing expenses of about HKD 2,700,000[12][14]. - Total operating and administrative expenses for the three months ended March 31, 2022, were HKD 1,525,000, down from HKD 2,232,000 in the same period of 2021, indicating a reduction of 31.6%[29]. Income Sources - Interest income from the newly launched lending business was approximately HKD 300,000 during the period[11]. - Interest income from margin financing increased to HKD 110,000, up from HKD 26,000 in the same period last year, marking a significant growth[27]. - The lending business is anticipated to continue growing, providing stable interest income that will benefit the group's financial performance[15]. Shareholder Information - As of March 31, 2022, the company had a total issued share capital of 800,000,000 shares[49]. - Mr. Pan Guohua holds 559,504,000 shares, representing approximately 69.94% of the company's issued share capital[48]. - Mr. Chen Yingliang also holds 559,504,000 shares, representing approximately 69.94% of the company's issued share capital[48]. - The beneficial ownership of Mr. Pan includes 271,504,060 shares directly held and 287,999,940 shares attributed through Mr. Chen[51]. Corporate Governance - The company has complied with the applicable provisions of the corporate governance code, except for a deviation regarding the separation of roles between the chairman and the CEO[56]. - Mr. Pan Guohua serves as both the chairman and CEO, responsible for overall strategic planning and business development[58]. - The company will regularly review and improve its corporate governance practices[59]. - No directors or major shareholders have interests in competing businesses as of March 31, 2022[54]. - The company has adopted the trading regulations standards as per GEM Listing Rules 5.48 to 5.67 for directors' securities transactions[60]. Audit and Compliance - The Audit Committee has reviewed the unaudited performance of the group for the three months ended March 31, 2022, and confirmed compliance with applicable accounting standards and GEM Listing Rules[62]. - The company did not declare any dividends for the three months ended March 31, 2022, consistent with the previous year[36]. - The net foreign exchange loss for the three months ended March 31, 2022, was HKD 42,000, compared to a loss of HKD 2,000 in the same period last year[27]. - The company’s total equity as of March 31, 2022, was HKD 7,750,000, down from HKD 11,484,000 as of January 1, 2022[19]. - The company’s total accumulated losses increased to HKD 65,460,000 as of March 31, 2022, from HKD 61,726,000 as of January 1, 2022[19]. Securities Transactions - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries for the three months ended March 31, 2022[60]. - There were no arrangements made that would allow directors or key executives to acquire shares or bonds of the company during the three months ending March 31, 2022[53]. - The company has not granted any share options under the share option plan since its adoption on December 19, 2017[52].
立桥证券控股(08350) - 2022 Q1 - 季度财报