Financial Performance - Total revenue for the nine months ended September 30, 2023, was approximately HKD 22,400,000, a significant increase of about HKD 17,100,000 compared to approximately HKD 5,300,000 for the same period last year[9]. - The company recorded a profit of approximately HKD 9,100,000 for the nine months ended September 30, 2023, compared to a loss of approximately HKD 7,900,000 for the same period last year[9]. - Basic and diluted earnings per share for the nine months ended September 30, 2023, was HKD 1.14, compared to a loss per share of HKD 0.99 for the same period last year[15]. - The company reported a pre-tax profit of approximately HKD 11,380,000 for the nine months ended September 30, 2023, compared to a pre-tax loss of approximately HKD 9,163,000 for the same period last year[15]. - For the nine months ended September 30, 2023, the total comprehensive income was HKD 9,085,000, compared to a total comprehensive loss of HKD 7,888,000 for the same period in 2022[16]. - For the three months ended September 30, 2023, the company reported a profit attributable to equity shareholders of HKD 6,836,000, compared to a loss of HKD 1,866,000 for the same period in 2022, representing a significant turnaround[32]. - For the nine months ended September 30, 2023, the profit attributable to equity shareholders was HKD 9,085,000, compared to a loss of HKD 7,888,000 in the previous year, indicating a recovery in financial performance[32]. Revenue Sources - Brokerage income for the three months ended September 30, 2023, was approximately HKD 11,500,000, accounting for about 95.1% of total revenue for that period[8]. - Brokerage commission income from futures and options trading in the Hong Kong market decreased by 41.5% to HKD 919,000 for the nine months ended September 30, 2023, down from HKD 1,539,000 in 2022[24]. - Interest income from margin financing increased to HKD 378,000 for the nine months ended September 30, 2023, compared to HKD 342,000 in 2022, reflecting a growth of 10.5%[24]. Expenses and Cost Management - Other operating and administrative expenses decreased by approximately HKD 2,700,000 or about 30.7% compared to the same period last year, primarily due to a reduction in one-time miscellaneous expenses related to office relocation[12]. - Total expenses for the nine months ended September 30, 2023, were approximately HKD 4,500,000, remaining stable compared to the same period last year[10]. - The company incurred total operating and administrative expenses of HKD 4,547,000 for the nine months ended September 30, 2023, slightly down from HKD 4,571,000 in 2022[28]. Future Outlook - The company is optimistic about future performance and is considering launching brokerage services for U.S. securities and stock options due to strong interest from existing clients[13]. - The company aims to enhance business performance by collaborating with institutional clients to explore opportunities in equity and debt securities placement services[8]. Shareholder Information - As of September 30, 2023, the company had a total issued share capital of 800,000,000 shares, with major shareholders holding approximately 69.94% of the equity[39]. - Mr. Pan Guohua and Mr. Chen Yingliang, as controlling shareholders, are recognized as having joint control over 559,504,000 shares, representing 69.94% of the issued share capital[39]. - The weighted average number of ordinary shares used for calculating basic and diluted earnings per share remained constant at 800,000,000 shares for both periods[32]. - The board of directors did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[34]. Governance and Compliance - The company has adhered to the corporate governance code as per GEM listing rules, with the exception of a deviation regarding the separation of roles between the Chairman and CEO[49]. - The audit committee has reviewed the unaudited performance for the nine months ending September 30, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[56]. - There were no interests held by directors or controlling shareholders in any competing businesses during the reporting period[46]. Other Notable Information - The company received government grants totaling HKD 324,000 for the nine months ended September 30, 2022, with no grants reported for the same period in 2023[26]. - The total comprehensive loss as of January 1, 2023, was HKD 74,466,000, which improved to a total comprehensive loss of HKD 65,381,000 by September 30, 2023[16]. - There were no significant events related to the company's business or financial performance known to the directors after the reporting period[35]. - The company has not granted any share options under the share option scheme since its adoption on December 19, 2017[44]. - No arrangements were made that would give directors or key executives any rights to acquire shares or bonds of the company during the nine months ended September 30, 2023[45]. - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the nine months ending September 30, 2023[54].
立桥证券控股(08350) - 2023 Q3 - 季度财报