Financial Performance - For the three months ended September 30, 2023, the revenue was HK$13,298,000, a decrease of 17.4% compared to HK$16,098,000 in the same period of 2022[11]. - The gross profit for the three months ended September 30, 2023, was HK$3,198,000, down 41.5% from HK$5,459,000 in the previous year[11]. - The loss before tax for the three months ended September 30, 2023, was HK$4,129,000, compared to a profit of HK$1,682,000 in the same period of 2022[11]. - The total comprehensive loss for the period was HK$4,216,000, compared to a comprehensive income of HK$1,598,000 in the previous year[13]. - For the nine months ended September 30, 2023, the revenue was HK$32,443,000, a decrease of 39.9% from HK$53,825,000 in the same period of 2022[11]. - The loss for the nine months ended September 30, 2023, was HK$17,315,000, compared to a loss of HK$18,636,000 in the same period of 2022, indicating a slight improvement[11]. - Basic and diluted loss per share for the three months ended September 30, 2023, was HK(2.80) cents, compared to earnings of HK1.28 cents in the same period of 2022[13]. - The basic loss per share for the nine months ended September 30, 2023, was HK$(17,315,000), compared to HK$(18,636,000) for the same period in 2022[29]. Revenue Breakdown - Travel media revenue for the three months ended September 30, 2023, was HK$800,000, a decline of 59.4% from HK$1,970,000 in 2022[21]. - Financial magazine and other media revenue decreased to HK$12,220,000 for the three months ended September 30, 2023, down 11.8% from HK$13,850,000 in 2022[21]. - The decrease in revenue was primarily attributable to the decrease in revenue from the Financial Magazine Business[41]. - The Travel Media Business recorded a revenue of HK$2,400,000, a decrease of approximately 68.4% or HK$5,204,000 compared to HK$7,604,000 for the same period in 2022, representing about 7.4% of the Group's total revenue[59]. - Revenue from the Financial Magazine and Other Media Business was approximately HK$29,220,000, contributing 90.1% of the Group's total revenue for the period, with a segmental gain of HK$4,460,000[61]. - Revenue from the Money Lending Business was approximately HK$823,000, accounting for about 2.5% of the Group's total revenue for the Nine-Month Period, unchanged from 2022[66]. - There was no revenue recorded from the Virtual Reality Business during the Nine-Month Period[67]. Expenses and Losses - The company reported other income of HK$543,000 for the three months ended September 30, 2023, down from HK$2,081,000 in the previous year[11]. - Administrative expenses for the three months ended September 30, 2023, were HK$4,271,000, slightly higher than HK$4,083,000 in the same period of 2022[11]. - Selling and distribution expenses increased by approximately 12.3% to HK$12,739,000 for the Nine-Month Period, compared to HK$11,342,000 for the corresponding period in 2022[44]. - Administrative expenses were HK$15,259,000 for the Nine-Month Period, compared to HK$24,391,000 for the corresponding period in 2022[50]. - The segment loss for the Travel Media Business during the Nine-Month Period was approximately HK$900,000[63]. Share Capital and Options - As at 30 September 2023, the Company has 147,540,930 shares in issue, with a share capital value of approximately HK$5,902,000[53]. - There were 11,574,500 outstanding share options as of September 30, 2023, compared to 19,290,900 in 2022[29]. - The 2013 Share Option Scheme, which allows the company to grant share options to eligible participants, will expire on December 31, 2023[88]. - The maximum number of shares that may be issued upon the exercise of all share options under the 2013 Share Option Scheme is capped at 10% of the issued shares of the company[94]. - The total number of shares issued and may fall to be issued upon exercise of share options in any 12-month period shall not exceed 1% of the shares in issue as at the date of grant[97]. - The total number of securities available for issue under the Share Option Scheme was 11,574,500, representing approximately 7.84% of the entire issued share capital of the company[107]. Tax and Compliance - No provision has been made for Hong Kong Profits Tax for the period ended September 30, 2023, as there were no assessable profits generated[25]. - The Group has not applied any new or revised Hong Kong Financial Reporting Standards that have not yet come into effect during the nine-month period[20]. - The Group's financial performance and position were not significantly affected by the adoption of new and revised standards effective from January 1, 2023[20]. - No provision has been made for Hong Kong Profits Tax as there are no assessable profits generated for the period ended 30 September 2023[51]. Corporate Governance - The audit committee reviewed the accounting principles and practices adopted by the group and the unaudited consolidated financial statements for the nine-month period[110]. - The report was issued on November 14, 2023, by the Executive Director, Mr. Wang Tao[110]. - The company has independent non-executive directors including Ms. Yang Shuyan, Ms. Chow Yee Ting, and Ms. Lee Yim Wah[110]. - The company is not aware of any competing interests from directors or their close associates during the nine-month period[87]. - No conflicts of interest have been reported between the directors and the company's business during the nine-month period[90]. - The company has not reported any new product developments or market expansions in the current financial period[96].
华泰瑞银(08006) - 2023 Q3 - 季度财报