Financial Performance - For the nine months ended September 30, 2022, revenue was approximately HKD 50.95 million, a decrease of about 38.2% compared to HKD 82.42 million for the same period in 2021[4] - The loss for the nine months ended September 30, 2022, was approximately HKD 9.72 million, a decrease of about 142.9% compared to a profit of HKD 22.64 million for the same period in 2021[5] - The company reported a basic and diluted loss per share of HKD (5.21) for the nine months ended September 30, 2022, compared to a profit of HKD 12.10 for the same period in 2021[7] - The company experienced a net loss of HKD (4.94) million for the three months ended September 30, 2022, compared to a profit of HKD 8.94 million for the same period in 2021[7] - The total comprehensive loss for the three months ended September 30, 2022, was HKD 5,020,739, compared to a comprehensive income of HKD 9,325,748 in the same period of 2021[9] - The company’s total comprehensive loss for the nine months ended September 30, 2022, was HKD 8,007,744, compared to HKD 27,562,292 in the same period of 2021[9] Revenue Breakdown - Client contract revenue for the three months ended September 30, 2022, was HKD 8.02 million, down from HKD 17.76 million for the same period in 2021[7] - Total customer contract revenue for the nine months ended September 30, 2022, was HKD 28,880,347, down 48.7% from HKD 55,875,190 in the prior year[37] - Brokerage services revenue decreased by approximately 54.7%, from HKD 42,567 thousand to HKD 19,283 thousand, primarily due to reduced income from the Hong Kong stock market[70] - Financing services revenue decreased by approximately 18.2%, from HKD 25,926 thousand to HKD 21,198 thousand, attributed to a decline in guaranteed financing loans due to unfavorable market conditions[76] - Asset management services revenue increased by approximately 47.6%, from HKD 4,017 thousand to HKD 5,929 thousand, mainly due to increased income from new clients[77] - Financial advisory services revenue dropped to zero, a 100% decrease from HKD 971 thousand, due to significant disruptions caused by travel restrictions and social distancing measures[78] Expenses and Costs - Commission expenses for the nine months ended September 30, 2022, were HKD 5.50 million, down from HKD 13.24 million for the same period in 2021[4] - Employee costs increased to HKD 21.47 million for the nine months ended September 30, 2022, compared to HKD 20.36 million for the same period in 2021[4] - Other operating expenses for the nine months ended September 30, 2022, were approximately HKD 12.83 million, a decrease of about 2.0% compared to approximately HKD 13.10 million for the same period in 2021, primarily due to reductions in marketing and employee benefits expenses[85] - The total interest expense on financial liabilities not measured at fair value for the nine months ended September 30, 2022, was HKD 3,373,090, compared to HKD 5,703,630 in the same period of 2021[44] Equity and Dividends - The company did not recommend the payment of a dividend for the nine months ended September 30, 2022, consistent with the previous year[5] - The company's total equity as of September 30, 2022, was HKD 215,943,352, down from HKD 220,363,658 in the previous year[14] - The retained earnings as of September 30, 2022, were HKD 42,823,759, reflecting a decrease from the previous year[11] Strategic Developments - The company received approval from the Securities and Futures Commission to engage in virtual asset-related activities, which is expected to diversify its service offerings and create new revenue streams[59] - The group plans to provide virtual asset trading services under a comprehensive account arrangement, enhancing its service portfolio in response to the rapid development of virtual assets[60] - The group plans to allocate more resources to the asset management division and explore selective acquisitions to seek opportunities for growth[63] Compliance and Governance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2022, and found them to be prepared in accordance with applicable accounting standards[116] - The company has maintained high standards of corporate governance and fully complied with the corporate governance code during the nine months ended September 30, 2022[114] - The board consists of three executive directors, one non-executive director, and three independent non-executive directors as of November 3, 2022[117]
胜利证券(08540) - 2022 Q3 - 季度财报