Financial Performance - The company reported a basic and diluted loss per share of HK$0.28 for the period, compared to a profit of HK$1.42 in the previous year, resulting in a total loss attributable to equity holders of HK$537,003,000, down from a profit of HK$2,614,126,000[1]. - Total comprehensive income for the period was HK$79,426,000, significantly lower than HK$3,042,686,000 in the previous year[2]. - Revenue from customer contracts decreased to HK$8,022,442,000 from HK$13,056,871,000 year-over-year, indicating a decline of approximately 38.5%[16]. - The company reported a loss from derivative financial instruments amounting to HK$1,545,512,000, with no comparable figure from the previous year[16]. - For the three months ended March 31, 2023, the company reported a loss of approximately HKD 0.54 million, a decrease of about 120.5% compared to a profit of approximately HKD 2.61 million for the same period in 2022[72]. - The company reported a revenue of approximately HKD 15.03 million for the three months ended March 31, 2023, a decrease of about 28.8% from approximately HKD 21.11 million for the same period in 2022, attributed to a reduction in client trading activities[123]. - The group recorded a loss of HKD 1,941,855 for the three months ended March 31, 2023, compared to a loss of HKD 856,564 for the same period in 2022, indicating a significant increase in losses[198]. Revenue and Income Sources - Interest income from customers was HK$6,717,582,000, down from HK$7,905,616,000, reflecting a decrease of about 15.1%[16]. - The company reported a revenue of approximately HKD 4.78 million for brokerage services for the three months ended March 31, 2023, a decrease of about 43.9% compared to HKD 8.52 million for the same period in 2022[64]. - Asset management service revenue increased to approximately HKD 1.65 million, up about 16.2% from HKD 1.42 million year-on-year, primarily due to increased revenue from new clients[38]. - The company’s total income from client contracts was HKD 8.02 million for the three months ended March 31, 2023, compared to HKD 13.06 million for the same period in 2022[126]. - Commission and brokerage income decreased to HKD 4,776,511 from HKD 8,517,254, representing a decline of approximately 44%[142]. - Other service revenue increased by approximately 73.1%, reaching HKD 3.14 million for the three months ended March 31, 2023, up from HKD 1.81 million in the same period of 2022[182]. Expenses and Costs - Commission expenses for the three months ended March 31, 2023, were approximately HKD 1.04 million, a decrease of about 61.7% from HKD 2.71 million in the same period last year[41]. - Other operating expenses increased by approximately 34.0% to HKD 5.64 million, compared to HKD 4.21 million in the previous year, mainly due to increased marketing expenses related to the company's 50th anniversary[42]. - Employee costs increased by 14.0% to HKD 7.79 million for the three months ended March 31, 2023, compared to HKD 6.83 million for the same period in 2022[123]. - The company’s commission expenses decreased by 61.7% to HKD 1.04 million for the three months ended March 31, 2023, from HKD 2.71 million for the same period in 2022[123]. Regulatory and Compliance - The effective tax rate for the group remains at 16.5%, consistent with the previous year, with a reduced rate of 8.25% applicable to the first HK$2,000,000 of taxable profits for one subsidiary[24]. - The company has fully complied with the corporate governance code as per GEM Listing Rules during the reporting period[85]. - The board confirmed compliance with the GEM Listing Rules regarding securities trading standards for the three months ended March 31, 2023[100]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2023, and found them to be prepared in accordance with applicable accounting standards[106]. Strategic Initiatives - The company has allocated sufficient resources to its asset management division, which is expected to play a significant role in future growth and development[30]. - The company received licenses from authorities in China and Singapore in 2022 to provide asset management services, indicating an expansion of its operational capabilities[30]. - The group plans to actively participate in other financial transactions to further develop and solidify its market position as a comprehensive financial service provider[30]. - The company aims to provide asset management services related to virtual assets, which is expected to create new revenue channels and enhance industry expertise[59]. - The company has become the first and only financial group in Hong Kong to obtain regulatory approval to provide trading, advisory, and asset management services related to virtual assets[61]. - The company continues to explore potential opportunities in the financial advisory services segment, largely dependent on the economic recovery in China following the easing of COVID-19 measures[177]. Shareholder Information - As of March 31, 2023, Dr. TT Kou's Family Company Limited (DTTKF) holds 90,193,750 shares, representing 45.09% of the company's issued share capital[74]. - The beneficial ownership of DTTKF is distributed among several individuals, with Dr. Kou owning approximately 81.22% of the shares[76]. - The company did not purchase any ordinary shares through the trustee during the three months ended March 31, 2023[83]. - There were no significant acquisitions or disposals of subsidiaries or associated companies during the reporting period[87]. - The company did not repurchase, sell, or redeem any listed securities during the reporting period[84]. Other Financial Metrics - The company recorded a foreign exchange gain of HKD 182,625 compared to a gain of HKD 16,197 in the previous period[149]. - Total comprehensive income for the period was impacted by a tax expense of HKD 312,188, contrasting with a tax credit of HKD 580,688 in the prior period[147]. - The company's other comprehensive income for the period, net of tax, was HKD 616,429 compared to HKD 428,560 previously[148]. - The total equity attributable to the owners of the parent company was HKD 104,118, down from HKD 3,076,307 in the previous period[149]. - The company’s total reserves as of March 31, 2023, were HKD 187,306,650, a decrease from HKD 217,500,140 in 2022[151]. - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[134].
胜利证券(08540) - 2023 Q1 - 季度财报