Financial Performance - The group recorded a pre-tax loss of approximately HKD 3.7 million for the three months ended June 30, 2022, compared to a pre-tax loss of approximately HKD 3.5 million in 2021[8]. - Total revenue decreased by approximately 4.3% from about HKD 14.0 million in the three months ended June 30, 2021, to about HKD 13.4 million in the current period[12]. - The company reported a revenue of HKD 13,414,000 for the three months ended June 30, 2022, a decrease of approximately 4.4% from HKD 14,033,000 in the same period of 2021[27]. - The company recorded a pre-tax loss of approximately HKD 3,748,000 for the period, compared to a pre-tax loss of HKD 3,523,000 in 2021, indicating a decline in performance[27][22]. - The net loss attributable to the owners of the company was HKD 3,672,000, compared to HKD 3,334,000 in the prior year, indicating a worsening financial position[30]. - The total comprehensive loss for the period was HKD 3,723,000, compared to HKD 3,392,000 in the same period last year[30]. - Basic and diluted loss per share was HKD 0.0258, compared to HKD 0.0235 in the same period of 2021[51]. Revenue Breakdown - Revenue from financial advisory services was approximately HKD 7.2 million, accounting for about 53.7% of total revenue, down from 59.3% in 2021[12]. - Compliance advisory services generated revenue of approximately HKD 6.0 million, representing about 44.8% of total revenue, an increase from 40.7% in 2021[12]. - The group’s corporate finance advisory business generated revenue of approximately HKD 13.4 million, down from HKD 14.0 million in 2021, with a pre-tax loss of about HKD 2.3 million[8]. - Income from financial advisory services as a financial advisor was HKD 2,521,000, down 37.0% from HKD 3,998,000 year-on-year[39]. - Interest income from banks was HKD 31,000, down 45.6% from HKD 57,000 in the same period of 2021[39]. Cost Management - Employee benefit costs decreased by approximately 4.0% to about HKD 11.9 million from approximately HKD 12.4 million in the same period in 2021[16]. - Other operating expenses increased to HKD 3,082,000 from HKD 2,604,000, primarily due to rising travel and professional fees[27][21]. - Depreciation expenses decreased to HKD 2,027,000 from HKD 2,810,000, reflecting a reduction in lease costs after renegotiating office property leases[27][21]. - Total employee benefit costs amounted to HKD 11,937,000, a decrease of 3.5% from HKD 12,371,000 in the previous year[41]. - The company received wage subsidies of approximately HKD 672,000 under the "Employment Support Scheme" during the period, which has been offset against employee benefit costs[41]. Market Outlook - The outlook for the group remains cautious, with no significant signs of a rebound in the Hong Kong corporate finance market[11]. - The group is exploring opportunities in fintech and digital finance investments while assessing new roles in fund management[11]. - The group anticipates a potential recovery in related activities later in the 2022/23 fiscal year[11]. - The company’s financial performance was impacted by a challenging environment in its corporate finance advisory business, leading to reduced revenues[22]. Shareholder Information - As of June 30, 2022, Sabine Martin Nevil holds 83,909,350 shares, representing approximately 58.94% of the company's ordinary shares[68]. - The total number of shares held by major shareholder New Baili Group Limited is 83,909,350, accounting for approximately 58.94% of the issued shares[77]. - Sabine Maureen Alice, spouse of Sabine Martin Nevil, has a beneficial interest in 86,412,790 shares, which is approximately 60.70% of the total issued shares[77]. - The total number of shares held by major shareholders and their spouses indicates a significant concentration of ownership within a small group[77]. - The beneficial ownership structure indicates a high level of alignment among key stakeholders in the company's governance[79]. Governance and Compliance - The audit committee consists of three independent non-executive directors, with Mr. Zheng Yuhua as the chairman[82]. - The committee reviewed the unaudited consolidated performance for the three months ending June 30, 2022, ensuring compliance with applicable accounting standards and GEM listing rules[82]. - The company has disclosed no other interests or positions held by directors or the CEO in the company's shares or related securities as of June 30, 2022[81]. - The company has not reported any new strategies or market expansions in the provided documents[75]. - There have been no significant post-reporting events related to the company or group since June 30, 2022[86].
新百利融资(08439) - 2023 Q1 - 季度财报