Financial Performance - For the nine months ended September 30, 2023, the group recorded revenue of approximately HKD 10.56 million, a decrease of about 23.64% compared to HKD 13.83 million for the same period in 2022[7]. - The loss attributable to owners of the company for the nine months ended September 30, 2023, was approximately HKD 4.21 million, compared to a loss of approximately HKD 2.83 million for the same period in 2022[7]. - For the three months ended September 30, 2023, the loss attributable to owners of the company was approximately HKD 0.56 million, contributing to an overall loss of approximately HKD 4.21 million for the nine months[7]. - The group reported a pre-tax loss of approximately HKD 4.21 million for the nine months ended September 30, 2023, compared to a pre-tax loss of approximately HKD 2.83 million for the same period in 2022[10]. - The total comprehensive loss for the nine months ended September 30, 2023, was approximately HKD 4.28 million, compared to HKD 2.84 million for the same period in 2022[10]. - The basic and diluted loss per share for the nine months ended September 30, 2023, was HKD 6.1 cents, compared to HKD 4.4 cents for the same period in 2022[10]. Equity and Dividends - The board of directors does not recommend the payment of a dividend for the nine months ended September 30, 2023, consistent with the previous year[7]. - The group has not declared any dividends for the nine months ended September 30, 2023, consistent with the previous year[20]. - As of September 30, 2023, the total equity attributable to owners of the company was approximately HKD 22.30 million, down from HKD 28.60 million as of September 30, 2022[11]. - The group issued ordinary shares amounting to HKD 1.28 million during the reporting period, increasing total equity[11]. - The total number of ordinary shares of the group as of September 30, 2023, was 76,800,000 shares[27]. Market Conditions and Future Outlook - Hong Kong's IPO activity remains low, with only 42 companies raising approximately USD 3.13 billion in the first nine months of 2023, a 65% year-on-year decline, marking the lowest level since 2003[21]. - Management expects improvements in the Chinese economy in the fourth quarter of 2023 and 2024, which may benefit the group's business performance[24]. - The group has faced challenges in marketing and due diligence due to the COVID-19 pandemic, impacting its operational performance[22]. - The group has maintained frequent communication with existing and potential clients regarding corporate financing opportunities despite a competitive environment[22]. Corporate Governance - The audit committee reviewed the financial statements for the nine months ended September 30, 2023, and confirmed compliance with applicable accounting standards[41]. - The company has established a remuneration committee to review and recommend remuneration policies for directors and senior management[39]. - The company has a nomination committee responsible for developing nomination policies and making recommendations to the board[40]. - The board has maintained a governance structure in compliance with GEM listing rules[38]. - No conflicts of interest were reported among directors and management regarding competitive businesses[33]. Shareholding Structure - Mr. Li Junwei holds 13,879,000 shares, representing 18.07% of the company's equity[31]. - Kerry Investment holds 18,790,000 shares, accounting for 24.47% of the company's equity[32]. - No share options were granted during the reporting period[34]. - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2023[35].
紫荆国际金融(08340) - 2023 Q3 - 季度财报