Financial Performance - For the nine months ended September 30, 2023, the company recorded total revenue of approximately HKD 43.1 million, compared to HKD 39.6 million for the same period last year, representing an increase of about 3.8%[5] - The advertising and media business generated revenue of approximately HKD 36.6 million, an increase of about 12% from HKD 32.6 million in the previous year[5] - The financial services business reported revenue of approximately HKD 6.5 million, a decrease of about 6% from HKD 6.9 million in the previous year[5] - The group's revenue for the nine months ended September 30, 2023, was approximately HKD 43,111,305, representing a 9% increase compared to HKD 39,563,743 for the same period in 2022[16] - Revenue from the advertising and media business increased by approximately 12% or HKD 4,000,000 to HKD 36,600,000, compared to HKD 32,600,000 for the same period in 2022[17] - Gross profit for the nine months ended September 30, 2023, was HKD 27,987,808, up from HKD 24,687,058 in the previous year, reflecting a growth of 13.4%[39] - The group recorded a loss attributable to owners of approximately HKD 20,600,000 for the nine months ended September 30, 2023, compared to a loss of HKD 20,300,000 in the same period last year[21] - For the nine months ended September 30, 2023, the company reported a loss attributable to owners of HKD (20,644,686) compared to a loss of HKD (20,317,548) for the same period in 2022, indicating a slight increase in losses of 1.6%[35] - The group recorded a total comprehensive loss of HKD (20,881,175) for the nine months ended September 30, 2023, compared to HKD (20,052,524) in the same period of 2022, reflecting an increase of 4.1%[35] Expenses and Losses - Administrative expenses increased by approximately 33% to HKD 58,100,000, up from HKD 43,600,000 in the same period last year, due to business recovery and strategic planning[20] - The basic and diluted loss per share for the nine months ended September 30, 2023, was HKD (9.00), an improvement from HKD (12.64) in the same period of 2022[35] - The financing costs for the nine months ended September 30, 2023, were HKD (1,217,343), up from HKD (1,012,194) in the previous year, indicating a rise of 20.3%[39] - The company reported a loss before tax of HKD (20,105,622) for the nine months ended September 30, 2023, compared to HKD (19,094,254) in the same period of 2022, representing an increase of 5.3%[39] Business Outlook and Strategy - The company remains cautiously optimistic about the future outlook of its core business as market recovery continues[5] - The company plans to explore various business opportunities and maintain operations in existing businesses for sustainable development[5] - The management will continue to monitor external environments and adjust business strategies as necessary[5] - The group plans to continue expanding its digital outdoor media network, starting with selected locations and identifying new static/LED outdoor sites[19] - The group expects advertising spending to continue increasing in the fourth quarter of 2023 as the advertising and media business gradually recovers post-COVID-19[19] Assets and Liabilities - The group's net current assets as of September 30, 2023, were approximately HKD 157,000,000, down from HKD 180,000,000 as of December 31, 2022[22] - The debt ratio as of September 30, 2023, was approximately 1.6%, a slight decrease from 1.9% as of December 31, 2022[23] Shareholder Information - Major shareholder Masan Multi Strategy Fund SPC held 52,704,000 shares, representing approximately 22.97% of the company's equity as of September 30, 2023[93] - The company did not redeem any of its listed securities during the nine months ended September 30, 2023[95] - There were no other individuals or companies holding 5% or more of the company's shares, aside from those disclosed[86] Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules, except for the absence of monthly updates to the board, which were replaced by quarterly updates[98] - The audit committee has been established and consists of three independent non-executive directors, responsible for reviewing the company's risk management and internal control systems[101] - The unaudited consolidated financial data for the nine months ended September 30, 2023, has been reviewed by the audit committee and management, confirming compliance with applicable accounting standards and legal requirements[101] Capital Expenditure - The group’s capital expenditure for the nine months ended September 30, 2023, was HKD 97,942[62] - The group’s depreciation of property, plant, and equipment for the nine months ended September 30, 2023, was HKD 373,517[62] Dividend Information - The group has not proposed any dividends for the nine months ended September 30, 2023, consistent with the previous year[27] - No dividends were recommended for the nine months ended September 30, 2023, similar to the previous year[71] Financial Reporting Standards - The group did not apply any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its performance and financial position[57]
基石金融(08112) - 2023 Q3 - 季度财报