Financial Performance - The group reported a pre-tax profit of approximately HKD 1.2 million for the third quarter of the fiscal year ending March 31, 2023, compared to a pre-tax profit of approximately HKD 0.2 million in the same period of 2021[11]. - Total revenue decreased by approximately 22.6% from about HKD 54.5 million for the nine months ending December 31, 2021, to about HKD 42.2 million for the current period[16]. - The group experienced a net loss of approximately HKD 8.2 million for the nine months ending December 31, 2022, a decrease from a profit of approximately HKD 3.2 million in the previous year[12]. - The group recorded a pre-tax loss of approximately HKD 5.5 million in the corporate finance advisory segment, compared to a pre-tax profit of approximately HKD 3.2 million in 2021[12]. - The group recorded a loss of approximately HKD 8.2 million for the period, compared to a profit of HKD 0.2 million in 2021, primarily due to a revenue decrease of approximately HKD 12.3 million[26]. - Basic earnings per share for the nine months ended December 31, 2022, were HKD -5.71, compared to HKD 0.27 in 2021[32]. - The company reported a loss attributable to equity holders of HKD 8,128,000 for the nine months ended December 31, 2022, compared to a profit of HKD 383,000 in the same period of 2021[46]. - The company incurred a total comprehensive loss of HKD 8,167,000 during the period, compared to a total comprehensive loss of HKD 8,254,000 in the previous year[39]. Revenue Breakdown - The corporate finance advisory segment generated revenue of approximately HKD 22.4 million, down from HKD 35.5 million in 2021, accounting for about 53.1% of total revenue[16]. - The compliance advisory segment produced revenue of approximately HKD 19.6 million, up from HKD 18.7 million in 2021, representing about 46.4% of total revenue[16]. - Revenue for the nine months ended December 31, 2022, was HKD 42.25 million, down from HKD 54.47 million in 2021, representing a decline of approximately 22.4%[31]. - The financial advisory income from acting as a financial advisor was HKD 8,496,000, down 49.1% from HKD 16,680,000 in the previous year[39]. Cost Management - Employee benefit costs decreased by approximately 5.6% from about HKD 39.2 million for the nine months ending December 31, 2021, to about HKD 37.0 million for the current period[20]. - Total depreciation and operating expenses decreased by approximately 3.4% from HKD 14.5 million in the nine months ended December 31, 2021, to approximately HKD 14.0 million in the current period[25]. - Other operating expenses totaled HKD 14.05 million, a slight decrease from HKD 14.53 million in the previous year[24]. - The depreciation of right-of-use assets was HKD 5.37 million, down from HKD 6.37 million in the previous year[24]. - Employee benefit costs for the nine months ended December 31, 2022, were HKD 37.01 million, down from HKD 39.19 million in 2021[31]. Future Outlook - The group plans to enhance marketing efforts and tighten cost control in response to the challenging economic environment in Hong Kong's corporate finance sector[9]. - The board anticipates a significant improvement in performance for the second half of the fiscal year ending March 31, 2023, compared to the losses in the first half[15]. Shareholder Information - The company’s total equity attributable to owners decreased to HKD 83,432,000 as of December 31, 2022, from HKD 95,157,000 at the beginning of the period[34]. - The company’s cash and cash equivalents increased to HKD 9,900,000 as of December 31, 2022, unchanged from the previous year[34]. - The company’s major shareholder, Sabine Martin Nevil, holds approximately 59.00% of the total issued shares[56]. - Major shareholder New Poly Group Limited holds 83,991,350 shares, representing approximately 59.00% of the company's total issued shares[63]. - Sabine Maureen Alice, holding spouse interests, has a total of 86,494,790 shares, which accounts for approximately 60.76%[63]. - A total of 1,051,201 share options were exercised after December 31, 2022, resulting in the issuance of new shares at an exercise price of HKD 0.16[67]. Governance and Compliance - The board confirmed compliance with the corporate governance code and guidelines during the reporting period[50]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results and found them compliant with applicable accounting standards[65]. - The company has established a clear written terms of reference for the audit committee as per GEM listing rules[65]. - The company has disclosed all necessary interests and short positions in accordance with the Securities and Futures Ordinance[64]. - There were no known conflicts of interest involving directors or major shareholders during the reporting period[53]. - The company and its subsidiaries did not purchase, sell, or redeem any of its listed securities during the period[54]. - The company has not entered into any arrangements that would allow directors to profit from purchasing shares of the company or any other corporation[61]. - The company has not recognized any provision for Chinese corporate income tax as its subsidiaries in China did not generate taxable profits for the nine months ended December 31, 2022[44]. - The company did not incur any current tax expenses in Hong Kong for the period, as it did not generate any taxable profits[43].
新百利融资(08439) - 2023 Q3 - 季度财报