Financial Performance - For the nine months ended September 30, 2023, revenue was approximately HKD 38.42 million, a decrease of about 24.6% compared to HKD 50.95 million for the same period in 2022[3]. - The loss for the nine months ended September 30, 2023, was approximately HKD 10.21 million, an increase of about 5.0% from a loss of HKD 9.72 million in the same period of 2022[4]. - Basic and diluted loss per share for the nine months ended September 30, 2023, was HKD 5.46, compared to HKD 5.21 for the same period in 2022[3]. - Total operating expenses for the nine months ended September 30, 2023, increased to HKD 16.15 million from HKD 12.83 million in the same period of 2022, reflecting a rise of approximately 25.5%[3]. - The company reported a net loss of HKD 6.26 million for the three months ended September 30, 2023, compared to a loss of HKD 4.94 million for the same period in 2022[7]. - Other comprehensive loss for the nine months ended September 30, 2023, was HKD 9.75 million, compared to HKD 8.01 million for the same period in 2022[7]. - The company reported a net loss attributable to equity holders of the parent of HKD 10.13 million for the nine months ended September 30, 2023, compared to HKD 9.66 million for the same period in 2022[6]. - For the nine months ended September 30, 2023, the total comprehensive loss amounted to HKD 9,752,642, compared to a total comprehensive loss of HKD 8,007,744 for the same period in 2022, representing an increase of approximately 21.8%[10]. - The company reported a loss attributable to equity holders of HKD 10,126,996 for the nine months ended September 30, 2023, compared to a loss of HKD 9,663,410 for the same period in 2022, reflecting an increase of approximately 4.8%[10]. Revenue Breakdown - The company experienced a decrease in client contract revenue to HKD 22.43 million for the nine months ended September 30, 2023, down from HKD 31.50 million in the same period of 2022[6]. - The company's revenue from securities and futures brokerage services decreased by 25.3% to HKD 19,374,000 for the nine months ended September 30, 2023, compared to HKD 25,932,000 in the same period of 2022[52]. - Financing services revenue fell by 26.2% to HKD 15,641,000 for the nine months ended September 30, 2023, down from HKD 21,198,000 in 2022[52]. - Customer contract revenue for the three months ended September 30, 2023, was HKD 6,937,883, a decrease of 19.5% compared to HKD 8,612,427 in 2022[26]. - Total customer contract revenue for the nine months ended September 30, 2023, was HKD 22,429,005, down 28.7% from HKD 31,497,005 in 2022[28]. - Interest income from customers for the three months ended September 30, 2023, was HKD 4,821,335, a decline of 29.6% from HKD 6,856,099 in 2022[26]. - Total interest income from all sources for the three months ended September 30, 2023, was HKD 10,839,556, down 29.5% from HKD 15,410,737 in 2022[26]. - The company incurred a loss of HKD 1,927,960 in expected credit loss provisions for the nine months ended September 30, 2023[34]. - The company reported a total interest expense of HKD 4,493,899 for the nine months ended September 30, 2023, an increase of 33.2% from HKD 3,373,090 in 2022[32]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.80 per share for the six months ended June 30, 2023, which was paid on September 8, 2023[4]. - The company declared an interim dividend of HKD 1,484,896 for the period, compared to HKD 1,856,120 in the previous year, reflecting a decrease of approximately 20%[10]. - As of September 30, 2023, the major shareholder DTTKF holds 80,193,750 shares, representing 40.09% of the total issued shares of the company[75]. - Ms. TT Kou, a director, has a beneficial ownership of 28,476,000 shares, accounting for 14.23% of the total issued shares[75]. - Mr. Chen Yingjie, also a director, holds 108,669,750 shares through spousal interest, which is 54.32% of the total issued shares[75]. - Mr. Zhao Ziliang holds 1,000,000 shares, which is 0.50% of the total issued shares[75]. - Mr. Chen Peiquan has a beneficial ownership of 13,394,000 shares, representing 6.70% of the total issued shares[75]. Corporate Governance and Compliance - The company maintained high standards of corporate governance and fully complied with the corporate governance code during the nine months ended September 30, 2023[90]. - The audit committee reviewed the unaudited consolidated financial statements for the nine months ended September 30, 2023, ensuring compliance with applicable accounting standards[93]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors as of the report date[94]. - The company confirmed compliance with the trading standards set forth in GEM Listing Rules during the nine months ended September 30, 2023[88]. Future Outlook and Strategic Plans - The company aims to transform into a comprehensive financial service provider to diversify its revenue sources and enhance service offerings[46]. - The financial performance and operations of the company in the medium to long term will depend on the recovery of global financial markets, particularly in Hong Kong and China[50]. - The company will continue to act prudently in capital management and liquidity risk management to maintain sufficient buffers for future challenges[49]. - The company plans to enhance its asset management services, particularly in virtual assets, to cater to the growing demand in this sector[13]. - The company has received approval from the Securities and Futures Commission to provide virtual asset trading services through its subsidiary, expanding its service offerings in the financial sector[13]. Accounting Policies and Standards - The company has applied the revised Hong Kong Financial Reporting Standards effective from January 1, 2023, including HKFRS 17 on insurance contracts[23]. - The accounting policies and calculation methods used for the nine months ended September 30, 2023, are consistent with those used for the audited consolidated financial statements for the year ended December 31, 2022[21]. - The company will reassess its accounting policy disclosures to ensure compliance with the recent amendments to the Hong Kong Financial Reporting Standards[25]. - The revised HKAS 12 narrows the scope of initial recognition exemptions, requiring the recognition of deferred tax assets and liabilities for certain transactions[25]. - The company expects that the recent amendments will not have a significant impact on its financial statements[25]. - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards, which include all relevant accounting standards and interpretations[18]. Share Option Scheme - The company has implemented a share option scheme, with a total of HKD 850,279 recognized during the period under review[10]. - The total number of options granted under the share option scheme is 6,806,000, with 55,000 options cancelled during the period[83]. - The exercise price for the options is set at HKD 2.29 per share[83]. - As of September 30, 2023, there are 1,798,800 unexercised options held by non-director employees[83]. - The company has adopted a share option scheme since June 14, 2018, with details available in the 2022 annual report[81]. - The company adopted a share incentive plan on August 11, 2020, aimed at rewarding contributions to the group's growth and attracting suitable personnel[84]. - The company did not award any shares to selected participants during the nine months ended September 30, 2023[85].
胜利证券(08540) - 2023 Q3 - 季度财报