Financial Performance - For the three months ended September 30, 2023, the revenue was HKD 2,274,000, a decrease of 65.3% compared to HKD 6,568,000 in the same period of 2022[9] - For the nine months ended September 30, 2023, the revenue was HKD 7,305,000, down 53.0% from HKD 15,540,000 in the same period of 2022[9] - For the nine months ended September 30, 2023, total revenue from financial services was HKD 2,558,000, a decrease of 75.5% compared to HKD 10,383,000 for the same period in 2022[21] - The corporate consulting business generated revenue of HKD 3,142,000 for the nine months ended September 30, 2023, down from HKD 3,835,000 in the previous year, reflecting a decline of 18.1%[21] - Digital business revenue for the nine months ended September 30, 2023, increased to HKD 1,219,000 from HKD 825,000 in 2022, marking a growth of 47.7%[21] - The group recorded a revenue of approximately HKD 7,300,000 for the nine months ended September 30, 2023, down from HKD 15,500,000 for the same period in 2022[89] - The financial services segment generated revenue of approximately HKD 2,900,000, a significant decrease from HKD 10,900,000 in the prior year, resulting in a segment loss of HKD 1,000,000[90] Loss and Expenses - The loss before tax for the nine months ended September 30, 2023, was HKD 20,835,000, compared to a loss of HKD 17,727,000 in the same period of 2022, representing an increase in loss of 17.8%[9] - The total comprehensive loss attributable to equity holders for the nine months ended September 30, 2023, was HKD 21,153,000, compared to HKD 16,736,000 in the same period of 2022, reflecting a 26.5% increase in loss[9] - The basic and diluted loss per share for the nine months ended September 30, 2023, was HKD 3.71, compared to HKD 3.27 in the same period of 2022, indicating a 13.5% increase in loss per share[10] - The total comprehensive loss for the nine months ended September 30, 2023, was HKD 21,153,000, compared to a loss of HKD 16,736,000 for the same period in 2022[15] - For the three months ended September 30, 2023, the company reported a loss attributable to owners of the company from continuing operations of HKD 7,423,000, compared to a loss of HKD 6,281,000 for the same period in 2022, representing an increase of 18.2%[43] - For the nine months ended September 30, 2023, the total loss attributable to owners of the company was HKD 21,153,000, compared to HKD 16,736,000 for the same period in 2022, indicating a 26.5% increase[43] Assets and Liabilities - Non-current assets as of September 30, 2023, totaled HKD 30,474,000, a decrease of 16.1% from HKD 36,343,000 as of December 31, 2022[12] - Current assets as of September 30, 2023, were HKD 23,124,000, down 46.1% from HKD 42,754,000 as of December 31, 2022[12] - Current liabilities as of September 30, 2023, totaled HKD 8,836,000, a significant decrease of 72.7% from HKD 32,431,000 as of December 31, 2022[12] - The total liabilities and equity as of September 30, 2023, were HKD 29,762,000, reflecting a net liability position[13] - The total assets decreased to HKD 53,598,000 as of September 30, 2023, down from HKD 79,097,000 at the end of 2022[26] - The total liabilities also decreased to HKD 84,195,000 from HKD 108,032,000 in the previous year[26] Share Capital and Equity - The company issued new shares resulting in an increase in share capital to HKD 60,440,000 as of September 30, 2023, from HKD 56,673,000 at the beginning of the year[15] - The company's equity as of September 30, 2023, was reported at HKD 60,440,000, up from HKD 56,673,000 at the beginning of the year[15] - The total issued and paid-up share capital increased to 604,396,000 shares as of September 30, 2023, up from 566,729,000 shares at the end of 2022[78] - The weighted average number of ordinary shares for the nine months ended September 30, 2023, was 570,883,000 shares, an increase from 511,521,000 shares for the same period in 2022[44] Business Segments - The company has three reportable segments: financial services, corporate consulting, and digital business, with distinct strategies for each[24] - The financial services segment includes securities brokerage, corporate finance advisory, asset management, and lending services[24] - The digital business segment incurred a loss of HKD 2,530,000, compared to a loss of HKD 1,133,000 in the same period last year[25] - The corporate consulting business recorded revenue of approximately HKD 3,100,000 for the nine months ended September 30, 2023, down from HKD 3,800,000 for the same period in 2022, while segment profit increased to HKD 2,100,000 from HKD 1,600,000[95] - Digital business revenue reached approximately HKD 1,200,000 for the nine months ended September 30, 2023, compared to HKD 800,000 for the same period in 2022, but incurred a segment loss of HKD 2,500,000, up from a loss of HKD 1,100,000 in 2022[96] Cash Flow and Financing - Cash and cash equivalents in general accounts decreased to HKD 8,958,000 as of September 30, 2023, from HKD 23,031,000 as of December 31, 2022[65] - The company reported trade receivables of HKD 3,311,000 as of September 30, 2023, down from HKD 6,280,000 as of December 31, 2022, with a provision for impairment losses of HKD 900,000[56] - The total amount of loans receivable and interest as of September 30, 2023, is HKD 5,246,000, an increase from HKD 4,789,000 as of December 31, 2022[59] - The company recorded a reversal of impairment losses of HKD 734,000 for the nine months ended September 30, 2023, compared to HKD 814,000 for the year ended December 31, 2022[60] - The company has no collateral held against loans receivable as of September 30, 2023[60] Corporate Governance and Compliance - The company has adhered to the principles of the GEM Listing Rules Corporate Governance Code, with the exception of the deviation regarding the roles of the Chairman and CEO being held by the same individual[145][146] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ended September 30, 2023, ensuring compliance with applicable accounting standards and GEM Listing Rules[149] Future Plans and Strategies - The company plans to expand its business into blockchain, artificial intelligence, and immersive interactive technologies, targeting individual users, creators, artists, and brand owners[80] - The group plans to explore business diversification into other regions, such as the United States, to expand its client base amid a deteriorating financial market in Hong Kong[103] - The group aims to leverage blockchain technology to develop a comprehensive ecosystem for creators, enhancing security, efficiency, and cost reduction[101] - The group anticipates hosting various concerts and events in 2024, utilizing new technologies to enhance audience experiences[100] Miscellaneous - The company did not declare or pay any dividends for the nine months ended September 30, 2023, consistent with the same period in 2022[42] - The company has not established any arrangements for directors and senior management to benefit from acquiring shares or debt securities during the nine months ended September 30, 2023[138] - There were no significant acquisitions or disposals during the nine months ending September 30, 2023[126]
声扬集团(08163) - 2023 Q3 - 季度财报