Financial Performance - The company recorded revenue of approximately HKD 20,300,000 for the three months ended December 31, 2022, an increase of about 53.8% compared to HKD 13,200,000 for the same period in 2021[7]. - The company reported a loss of approximately HKD 15,300,000 for the three months ended December 31, 2022, compared to a loss of HKD 1,500,000 for the same period in 2021, primarily due to increased administrative and operational expenses[7]. - Basic and diluted loss per share for the three months ended December 31, 2022, was approximately HKD 2.10, compared to HKD 0.27 for the same period in 2021[7]. - Total comprehensive loss for the period was HKD 15,498,000, compared to HKD 242,000 for the same period in 2021[9]. - The group recorded a loss of HKD 20,222,000 for continuing operations for the three months ended December 31, 2022, compared to a loss of HKD 830,000 in the same period in 2021, indicating a deterioration in performance[38]. - The group reported a total employee cost of HKD 38,569,000 for the three months ended December 31, 2022, compared to HKD 8,406,000 in the same period of 2021, representing an increase of 359%[32]. Revenue Breakdown - Revenue from continuing operations was HKD 20,161,000, compared to HKD 12,874,000 for the same period in 2021[8]. - Revenue from corporate finance advisory services was HKD 5,120,000, up 47.2% from HKD 3,477,000 year-over-year[26]. - The asset management services revenue decreased to HKD 23,000 from HKD 50,000, indicating a decline of 54%[26]. - Accounting and tax services generated HKD 9,675,000, a significant increase of 140.5% compared to HKD 4,035,000 in the previous year[26]. - Business consulting services revenue decreased to HKD 1,829,000 from HKD 2,585,000, reflecting a decline of 29.3%[26]. - Environmental, social, and governance consulting services revenue increased to HKD 1,670,000, up 24.2% from HKD 1,344,000[26]. - Risk management and internal control consulting services revenue decreased to HKD 507,000 from HKD 762,000, a decline of 33.4%[26]. - The company reported a total of HKD 15,018,000 from non-licensed businesses, which is a 60.5% increase from HKD 9,347,000[26]. Operational Expenses - Administrative and other operating expenses increased by approximately HKD 30,700,000 compared to the same period in the previous year[7]. - Employee costs for continuing operations increased to HKD 38,154,000 in the three months ended December 31, 2022, from HKD 7,813,000 in the same period of 2021, reflecting a rise of 387%[32]. - Administrative and other operating expenses rose approximately 222.5% from about HKD 13,800,000 to approximately HKD 44,500,000, primarily due to an increase in employee costs[63]. Strategic Initiatives - The company anticipates a revenue growth of 5,296 million in the upcoming quarter, indicating a positive outlook[11]. - New product development efforts are focused on enhancing user experience, with an investment of HKD 1,222 million allocated for R&D[11]. - The company plans to expand its market presence, targeting a 15% increase in market share over the next fiscal year[11]. - A strategic acquisition is in progress, expected to enhance the company's technological capabilities and market reach[11]. - The company is exploring partnerships to enhance its product offerings and expand its customer base[11]. - A focus on sustainability initiatives is being prioritized, with plans to invest HKD 5,296 million in green technologies[11]. Shareholder Information - Major shareholders include Ms. Yin Ke Xin with 19.20% and Jayden Wealth Limited with 19.18% of the shares[74]. - The total number of shares issued as of December 31, 2022, was 746,200,000[71]. - The total number of issued shares as of December 31, 2022, was 746,200,000[75]. - As of December 31, 2022, there were no interests held by directors or major shareholders in any competing businesses[78]. Compliance and Governance - The company’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[23]. - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[83]. - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[81].
亦辰集团(08365) - 2023 Q1 - 季度财报