Financial Performance - For the nine months ended September 30, 2022, the group recorded total revenue of approximately HKD 5,300,000, a slight decrease of about HKD 14,000 compared to approximately HKD 5,400,000 for the same period last year[13]. - The group reported a loss of approximately HKD 7,900,000 for the period, compared to a loss of approximately HKD 13,900,000 for the same period last year, indicating an improvement in financial performance[13]. - Basic and diluted loss per share for the nine months ended September 30, 2022, was HKD 0.99, compared to HKD 1.74 for the same period last year[18]. - For the nine months ended September 30, 2022, the total loss amounted to HKD 7,888,000, compared to a loss of HKD 13,912,000 for the same period in 2021, representing a decrease of approximately 43.5%[23][26]. - The company reported a basic and diluted loss per share of HKD (0.99) for the nine months ended September 30, 2022, compared to HKD (1.74) for the same period in 2021, reflecting an improvement of approximately 43%[40]. Revenue and Income Sources - Total revenue for the nine months ended September 30, 2022, was HKD 5,344,000, slightly down from HKD 5,358,000 in the same period of 2021, indicating a decrease of about 0.3%[34]. - Commission income from brokerage business showed signs of improvement, with management believing that the group could benefit from increased trading activity due to market volatility[12]. - The brokerage commission income from futures and options trading in the Hong Kong market was HKD 1,539,000 for the nine months ended September 30, 2022, down from HKD 2,442,000 in 2021, a decline of approximately 37%[34]. - Interest income from margin financing for the nine months ended September 30, 2022, was HKD 342,000, significantly up from HKD 80,000 in the same period of 2021, representing an increase of 327.5%[34]. - The net income from other income and gains was HKD 287,000 for the nine months ended September 30, 2022, compared to HKD 138,000 for the same period last year[18]. Expenses and Cost Management - Operating and administrative expenses decreased by approximately HKD 6,000,000 or about 40.8% compared to the same period last year, primarily due to reduced marketing expenses and cost-cutting measures implemented since the end of 2021[15]. - Salary and other benefits decreased by approximately HKD 1,500,000 or about 25.0%, primarily due to cost-cutting measures implemented in 2021[13]. - Total operating and administrative expenses for the nine months ended September 30, 2022, were HKD 4,571,000, down from HKD 6,093,000 in 2021, a reduction of about 25%[36]. - The company incurred a total of HKD 1,168,000 in transaction-related expenses for the nine months ended September 30, 2022, compared to HKD 1,925,000 in 2021, indicating a decrease of approximately 39%[37]. - Financing costs increased by approximately HKD 900,000 or about 131.2% compared to the same period last year, mainly due to interest expenses from notes issued for funding existing and new lending businesses[15]. Shareholder Information - The total issued share capital of the company as of the report date is 800,000,000 shares[57]. - Major shareholders, including Mr. Pan Guohua and Mr. Chen Yingliang, collectively hold 69.94% of the company's issued share capital[56]. - No dividends were declared for the nine months ended September 30, 2022, consistent with the previous period[43]. - The weighted average number of ordinary shares used for calculating basic and diluted loss per share remained constant at 800,000,000 shares[42]. Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules, with the exception of the separation of roles between the Chairman and CEO, which is not currently implemented[64]. - The audit committee has reviewed the unaudited performance for the nine months ending September 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[71]. - The audit committee consists of three independent non-executive directors, ensuring appropriate professional accounting qualifications and financial management expertise[71]. - The company emphasizes the importance of good corporate governance to protect shareholder interests and enhance corporate value[64]. - The company is committed to regularly reviewing and improving its corporate governance practices in line with the latest developments[67]. Business Outlook - Management anticipates further growth in commission income from brokerage services in the last quarter of 2022, although growth may be slow until the removal of mandatory quarantine for travelers from China[16]. - The company aims to continue seeking opportunities to expand its business scope to enhance financial performance and deliver greater value to shareholders[16]. Other Information - The company received government grants totaling HKD 324,000 for the nine months ended September 30, 2022, compared to HKD 60,000 in the same period of 2021, an increase of 440%[34]. - The company’s total assets as of September 30, 2022, were reported at HKD 3,596,000, down from HKD 11,484,000 at the beginning of the year, a decrease of approximately 68.7%[26]. - The company’s total equity as of September 30, 2022, was HKD 3,596,000, down from HKD 17,739,000 as of September 30, 2021, reflecting a decline of about 79.7%[24]. - The company reported a loss attributable to equity shareholders of (1,866) million for the current period, compared to (3,262) million in the previous period[42]. - There were no significant events related to the company's business or financial performance known to the directors after the reporting period[48]. - The company has not granted any share options under the share option scheme since its adoption on December 19, 2017[60]. - No arrangements were made that would give directors or key executives rights to acquire shares or bonds of the company or its subsidiaries during the nine months ended September 30, 2022[61]. - There were no interests held by directors or major shareholders in any competing businesses during the reporting period[62]. - The company did not make any adjustments to the basic loss per share for the nine months ended September 30, 2022, as there were no potential dilutive ordinary shares[42]. - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the nine months ending September 30, 2022[69]. - The company has established a framework for risk management and internal control systems, overseen by the audit committee[71].
立桥证券控股(08350) - 2022 Q3 - 季度财报