Financial Performance - For the nine months ended June 30, 2023, Hatcher Group Limited reported revenue of approximately HKD 60,300,000, an increase of about 3.6% compared to HKD 58,200,000 for the same period in 2022[7]. - The company recorded a loss of approximately HKD 15,400,000 for the nine months ended June 30, 2023, a significant improvement from a loss of HKD 78,000,000 for the same period in 2022[7]. - Basic and diluted loss per share for the nine months ended June 30, 2023, was approximately HKD 1.88, compared to HKD 0.02 for the same period in 2022[7]. - Total comprehensive loss for the nine months ended June 30, 2023, was HKD 15,493,000, compared to a total comprehensive loss of HKD 1,588,000 for the same period in 2022[10]. - The company reported a net loss of 1,510 million HKD, which is an improvement from the previous loss of 1,588 million HKD[11]. - The company reported a loss of HKD 7,212,000 for the nine months ended June 30, 2023, compared to a loss of HKD 15,209,000 in the same period last year, indicating an improvement[14]. - The total comprehensive loss for the period was HKD 191,598,000, compared to a loss of HKD 15,493,000 in the previous period[15]. Revenue and Income Sources - The company reported an increase in other income of approximately HKD 10,700,000 for the nine months ended June 30, 2023[7]. - Total revenue for the period reached 42,623 million HKD, reflecting a significant increase compared to previous periods[11]. - Total income from non-licensed businesses for the nine months ended June 30, 2023, was HKD 49,844,000, an increase of 3% from HKD 48,390,000 in the same period of 2022[24]. - Revenue from licensed businesses rose by approximately HKD 730,000 or 7.1% to about HKD 10,500,000, driven mainly by increases in corporate finance advisory services and placement and underwriting services[87]. - Non-licensed business revenue increased by approximately HKD 1,500,000 or 2.9% to about HKD 49,800,000 for the period, compared to HKD 48,400,000 in 2022[88]. Expenses and Costs - Administrative and other operating expenses increased by approximately HKD 35,700,000 compared to the same period in 2022[7]. - Employee benefits expenses for the nine months ended June 30, 2023, increased to HKD 45,382,000, a rise of 60% from HKD 28,222,000 in the same period last year[33]. - The company reported a pre-tax loss for the nine months ended June 30, 2023, with total employee costs amounting to HKD 70,396,000, compared to HKD 30,945,000 in the same period of 2022[33]. - Interest expenses on bank borrowings for the nine months ended June 30, 2023, increased to HKD 650,000, up 29% from HKD 503,000 in the same period last year[30]. - Administrative and other operating expenses for the nine months ended June 30, 2023, were HKD 3,041,000, compared to HKD 778,000 for the same period in 2022, indicating a significant increase[43]. - Financing costs decreased from approximately HKD 2,100,000 to about HKD 1,200,000, mainly due to a reduction in the outstanding principal amount of convertible bonds[93]. Strategic Initiatives and Future Outlook - Future guidance projects a revenue growth of approximately 15% for the next quarter, aiming for 49,000 million HKD[11]. - The company is investing in new product development, with a budget allocation of 7,550 million HKD for R&D initiatives[11]. - Market expansion strategies include targeting new regions, with an expected increase in market share by 5% in the upcoming fiscal year[11]. - The company plans to pursue strategic acquisitions to enhance its technology portfolio, with a focus on companies valued under 1 billion HKD[11]. - The company is actively exploring new business opportunities, particularly in the Greater Bay Area, following the easing of quarantine measures in China[97]. Shareholder and Capital Management - The company issued 50,144,000 shares at HKD 0.70 per share to settle convertible notes, raising a total of HKD 35,100,000[17]. - The company also issued 57,000,000 shares at HKD 0.69 per share, generating HKD 39,330,000 in capital[17]. - The total number of issued shares as of June 30, 2023, is 892,034,000[107]. - Tanner Enterprises holds 113,730,000 shares, representing approximately 12.75% of the company's issued share capital as of June 30, 2023[106]. - The net proceeds from the placement are intended for establishing an investment fund and general operational funding[66]. Corporate Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[21]. - The audit committee consists of three independent non-executive directors, overseeing financial reporting and risk management[115]. - The company has complied with the corporate governance code as per GEM listing rules[113]. - No interests or potential conflicts of interest were reported among directors and major shareholders as of June 30, 2023[112]. Discontinued Operations - The company recognized a gain of approximately HKD 5,600,000 from the sale of discontinued operations during the nine months ended June 30, 2023[7]. - The net loss from discontinued operations for the nine months ended June 30, 2023, was HKD 610,000, compared to HKD 2,260,000 for the same period in 2022[10]. - The company reported a total loss from discontinued operations of HKD 1,222,000 for the nine months ended June 30, 2023, compared to HKD 2,051,000 in the same period of 2022[30]. - The company completed the sale of 85% of its subsidiary, 富滙證券有限公司, for a consideration of HKD 14,000,000 on December 23, 2022[41]. - The net loss from discontinued operations for the three months ended June 30, 2023, was HKD 682,000, compared to a loss of HKD 610,000 for the same period in 2022[43].
亦辰集团(08365) - 2023 Q3 - 季度财报