Financial Performance - For the nine months ended September 30, 2023, revenue was approximately HKD 10,793,000, compared to HKD 5,925,000 for the same period in 2022, representing an increase of 82.5%[6] - The total loss attributable to owners for the nine months ended September 30, 2023, was approximately HKD 13,962,000, a decrease from HKD 21,460,000 for the same period in 2022, indicating an improvement of 34.8%[6] - Basic loss per share for the nine months ended September 30, 2023, was approximately HKD 0.1454, compared to HKD 0.1820 for the same period in 2022, reflecting a reduction of 20.0%[6] - For the three months ended September 30, 2023, revenue was HKD 2,800,000, an increase from HKD 1,994,000 in the same quarter of 2022, representing a growth of 40.4%[8] - The total comprehensive loss for the nine months ended September 30, 2023, was HKD 13,962,000, compared to HKD 21,460,000 for the same period in 2022, showing a reduction of 34.8%[8] - The company reported a fair value loss on financial assets of HKD 4,119,000 for the nine months ended September 30, 2023, compared to a loss of HKD 6,775,000 for the same period in 2022, indicating an improvement of 39.2%[8] Revenue Breakdown - Brokerage service income for the nine months ended September 30, 2023, was HKD 1,225,000, down from HKD 1,521,000 in 2022, a decrease of 19.5%[19] - Corporate finance advisory service fees increased to HKD 1,700,000 for the nine months ended September 30, 2023, compared to HKD 730,000 in 2022, an increase of 132.9%[19] - Interest income from securities and IPO financing for the nine months ended September 30, 2023, was HKD 4,367,000, up from HKD 2,260,000 in 2022, an increase of 93.1%[19] - The company reported a significant increase in underwriting and placement commission and service fees, rising approximately fourfold from HKD 540,000 in the nine months ended September 30, 2022, to HKD 2,722,000 in the nine months ended September 30, 2023[33] - Other income decreased by approximately 13.6% from HKD 2,411,000 in the nine months ended September 30, 2022, to HKD 2,084,000 in the nine months ended September 30, 2023, primarily due to the absence of government subsidies[36] Expenses and Costs - Administrative and other operating expenses for the nine months ended September 30, 2023, were HKD 22,253,000, slightly down from HKD 22,847,000 in the same period of 2022, a decrease of 2.6%[8] - Financing costs increased significantly by approximately 4.8 times to about HKD 467,000 from HKD 80,000 in the same period last year[41] - Employee benefits expenses for the nine months ended September 30, 2023, were HKD 13,085,000, compared to HKD 12,997,000 in 2022, reflecting a slight increase[23] Equity and Dividends - The company did not recommend any dividend for the nine months ended September 30, 2023, consistent with the previous year[6] - The company’s total equity attributable to owners as of September 30, 2023, was HKD 135,422,000, down from HKD 161,108,000 as of September 30, 2022, a decrease of 16.0%[10] - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the same period in 2022[27] Compliance and Governance - The company has not early adopted new and revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, and is currently assessing their potential impact[16] - The financial statements are prepared on a historical cost basis, except for certain financial instruments measured at fair value at the end of each reporting period[17] - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by Mr. Pan[61] - The Audit Committee has reviewed the unaudited consolidated results for the third quarter and found them compliant with applicable accounting standards and GEM Listing Rules[65] Market Context - Hong Kong's GDP grew by 4.1% in Q3 2023, marking the highest quarterly growth since Q1 2022[44] - The average daily turnover of the Hong Kong stock market was HKD 109.7 billion, a decrease of approximately 11.6% compared to the same period last year[44] - The stamp duty on stock transfers will be reduced from 0.13% to 0.10% to boost trading volume, with legislative procedures expected to be completed by the end of November 2023[44] Shareholder Information - The company’s major shareholder holds approximately 56.32% of the shares, with 54,068,500 shares owned directly or indirectly[51] - The total number of unexercised stock options as of September 30, 2023, is 6,800,000, unchanged from January 1, 2023[54] - The stock option plan allows for the granting of 8,000,000 options at an exercise price of HKD 0.96 per share, with an effective period of five years[53] Other Information - The company has not identified any significant matters related to its business or financial performance after September 30, 2023[46] - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[59] - The company has not disclosed any situations that would trigger disclosure obligations under GEM Listing Rules during the reporting period[63] - The company has not established any arrangements for directors and senior executives to acquire shares or bonds during the reporting period[55] - There are no interests held by directors or major shareholders in any competing businesses during the reporting period[56] - The company received confirmations from Mr. Pan and Autumn Ocean Limited regarding compliance with non-competition commitments for the periods ending March 31, June 30, and September 30, 2023[57] - The company has adopted the GEM Listing Rules regarding the trading conduct of directors, with no violations reported during the period[58]
阿仕特朗金融(08333) - 2023 Q3 - 季度财报