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新都酒店(08315) - 2023 - 中期财报
2022-11-14 08:31
Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 44,232,000, an increase of 60.7% compared to HKD 27,439,000 for the same period in 2021[7] - Gross profit for the six months ended September 30, 2022, was HKD 3,099,000, compared to a gross loss of HKD 23,000 in the same period of 2021[7] - The company reported a loss before tax of HKD 4,887,000 for the six months ended September 30, 2022, a significant improvement from a loss of HKD 13,794,000 in the prior year[7] - Total comprehensive loss for the six months ended September 30, 2022, was HKD 11,348,000, compared to HKD 12,408,000 for the same period in 2021[7] - The total operating loss for the group decreased to HKD 4,890,000 from HKD 13,782,000, reflecting an improvement of 64.5%[17] - The total comprehensive loss for the period was HKD 11,228,000, compared to HKD 12,408,000 in the previous year, showing a reduction of 9.5%[9] - The company reported a foreign exchange gain of HKD 1,377,000 during the period, contributing positively to the overall financial results[9] - The company reported a loss attributable to owners of the company of HKD 176,000 for the three months ended September 30, 2022, a significant improvement compared to a loss of HKD 8,147,000 in the same period of 2021[36] - The company's loss attributable to owners decreased by HKD 8,400,000 or 63.6%, from approximately HKD 13,200,000 for the six months ended September 30, 2021, to approximately HKD 4,800,000 for the current period[77] Revenue Breakdown - Total revenue from external customers for the security and property management segment increased to HKD 43,903,000, up from HKD 26,137,000 in the previous year, representing a growth of 67.9%[17] - Security and property management services generated revenue of HKD 43,903,000 for the six months ended September 30, 2022, compared to HKD 26,137,000 in 2021, reflecting a growth of 67.9%[28] - Revenue from security and property management services reached approximately HKD 43,900,000, an increase of about 68.2% compared to approximately HKD 26,100,000 for the same period last year[68] - Revenue from asset management services decreased by approximately 76.9% from about HKD 1,300,000 to approximately HKD 300,000 due to the completion of a related party transaction[64] - Revenue from security and property management services in mainland China grew by approximately 53.9% to about HKD 33,700,000, up from approximately HKD 21,900,000[68] - Revenue from security and property management services in Hong Kong increased by approximately 142.9% to about HKD 10,200,000, up from approximately HKD 4,200,000[68] Assets and Liabilities - Current assets decreased to HKD 69,980,000 as of September 30, 2022, from HKD 82,388,000 as of March 31, 2022[8] - The company's total liabilities increased to HKD 56,784,000 as of September 30, 2022, compared to HKD 55,517,000 as of March 31, 2022[8] - Total assets decreased to HKD 87,611,000 as of September 30, 2022, from HKD 101,127,000 as of March 31, 2022[22] - Total liabilities increased to HKD 68,024,000 as of September 30, 2022, compared to HKD 70,192,000 as of March 31, 2022[22] - The company’s equity attributable to owners decreased to HKD 22,535,000 as of September 30, 2022, from HKD 33,763,000 as of March 31, 2022[8] Cash Flow and Expenditures - The company’s cash and cash equivalents decreased to HKD 50,850,000 as of September 30, 2022, from HKD 69,987,000 as of March 31, 2022[8] - Cash and cash equivalents at the end of the period were HKD 50,850,000, down from HKD 74,441,000, a decrease of 31.7%[11] - The net cash used in operating activities was HKD (5,745,000), slightly improved from HKD (6,044,000) in the previous year[11] - The financing activities resulted in a net cash outflow of HKD (5,357,000), which was higher than the outflow of HKD (4,951,000) in the previous year[11] - The company reported a capital expenditure of HKD 639,000 for the six months ended September 30, 2022, significantly lower than HKD 21,583,000 in the same period of 2021[28] - Capital expenditure for the six months ended September 30, 2022, was approximately HKD 600,000, primarily for the acquisition of rights to leased land and buildings[82] Employee and Operational Metrics - The total employee benefits expenses, including director remuneration, amounted to HKD 25,264,000 for the three months ended September 30, 2022, up 61.0% from HKD 15,696,000 in the same period of 2021[32] - The company incurred employee benefit costs of approximately HKD 47,000,000 during the reporting period, compared to approximately HKD 33,300,000 for the six months ended September 30, 2021[87] - The company had 1,196 employees as of September 30, 2022, down from 1,347 employees as of March 31, 2022[87] Shareholder and Ownership Structure - As of September 30, 2022, the major shareholder, Walle Holding Limited, holds 249,090,909 shares, representing 42.84% of the total issued shares[99] - Longcheng Holdings Limited holds 184,465,046 shares, accounting for 31.73% of the total issued shares[99] - The beneficial ownership structure indicates that Song Xiaoming controls approximately 74.57% of the company's shares through various entities[94] - The total number of shares held by Song Xiaoming through various entities amounts to 433,555,955 shares, representing 74.57% of the company[93] - The company’s total issued shares as of September 30, 2022, were 581,442,248, following a share consolidation[48] Corporate Governance and Compliance - The audit committee has reviewed the financial results for the six months ended September 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[114] - The company has adopted written guidelines for securities transactions by directors, ensuring compliance with GEM listing rules[111] - The company has adhered to the corporate governance code, with a noted exception regarding the separation of roles between the chairman and CEO[112] - There are no interests held by directors or major shareholders in competing businesses that would require disclosure under GEM listing rules[116] Dividends and Recommendations - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2022, consistent with the same period in 2021[38] - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2022, consistent with the previous year[109]
新都酒店(08315) - 2023 Q1 - 季度财报
2022-08-12 11:41
Financial Performance - Revenue for the three months ended June 30, 2022, was HKD 19,832,000, an increase of 33.3% compared to HKD 14,854,000 for the same period in 2021[4] - Gross profit for the same period was HKD 1,082,000, up from HKD 265,000, reflecting a significant improvement in profitability[4] - The loss before tax for the three months ended June 30, 2022, was HKD 4,735,000, a decrease in loss compared to HKD 5,359,000 in the prior year[4] - Total comprehensive loss for the period was HKD 7,934,000, compared to HKD 4,147,000 in the same period last year, primarily due to foreign exchange losses[4] - The company reported a basic and diluted loss per share of HKD 0.8, an improvement from HKD 1.45 in the previous year[4] - Total revenue for the three months ended June 30, 2022, was approximately HKD 19,800,000, an increase from approximately HKD 14,100,000 for the same period in 2021[21] - The company reported a loss attributable to shareholders of HKD 4,636,000 for the three months ended June 30, 2022, compared to a loss of HKD 5,081,000 for the same period in 2021[18] Revenue Breakdown - Revenue from security and property management services was HKD 19,659,000, an increase of 38.0% from HKD 14,150,000 in the prior year[11] - Revenue from asset management services decreased to HKD 173,000 from HKD 704,000, indicating a decline in this segment[11] - Revenue from security and property management services increased by approximately HKD 5,500,000 to about HKD 19,600,000 compared to the same period last year[22] - In mainland China, revenue from security and property management services grew from approximately HKD 11,900,000 to about HKD 15,000,000, reflecting a continuous increase of approximately HKD 3,100,000[22] - In Hong Kong, revenue from security and property management services rose from approximately HKD 2,200,000 to about HKD 4,600,000 during the same period[23] - Revenue from security and property management services rose by approximately HKD 5,500,000 or about 39% from approximately HKD 14,100,000 to about HKD 19,600,000 during the same period[30] Expenses and Losses - Administrative expenses increased to HKD 5,662,000 from HKD 4,978,000, reflecting higher operational costs[4] - The company experienced a foreign exchange loss of HKD 3,198,000 during the period, compared to a gain of HKD 1,199,000 in the previous year[4] - Total financial expenses for the three months ended June 30, 2022, amounted to HKD 776,000, compared to HKD 742,000 for the same period in 2021[14] - The cost of services provided for the three months ended June 30, 2022, was HKD 18,750,000, an increase from HKD 14,589,000 in the previous year[16] - Administrative expenses rose by approximately HKD 700,000 or 14% from about HKD 5,000,000 to approximately HKD 5,700,000, mainly due to increased depreciation of right-of-use assets[36] - Financial expenses increased by approximately HKD 34,000 or 4.6% from about HKD 742,000 to approximately HKD 776,000, primarily due to higher financial costs related to leased office properties[37] Government Support and Employment - The company received government subsidies of HKD 614,000 under the Employment Support Scheme to support employee wage burdens[3] - The company has committed to using the Employment Support Scheme subsidies to pay wages and maintain employee numbers at specified levels[3] - The total number of employees increased to 1,233, with 1,207 being full-time and part-time security personnel, reflecting business expansion in Dongying City, Shandong Province, China[33] Corporate Governance and Shareholding - The company has disclosed all relevant interests and holdings in compliance with the Securities and Futures Ordinance[43] - The beneficial ownership structure indicates that Mr. Song and related entities collectively own a significant portion of the company's shares[46] - The company has no other major shareholders or individuals with disclosed interests in its shares as of June 30, 2022, apart from those mentioned[45] - The total shares held by Mr. Song and his controlled entities reflect a strong influence over the company's governance and strategic decisions[44] - The company has a controlled entity, Nansha Huiming, which holds 184,465,046 shares, representing 31.73% of the total issued shares[45] - The beneficial ownership of shares by Changcheng Wealth Management Holdings Limited is confirmed to be 184,465,046 shares[46] Management Changes - Mr. Lu Xingyuan has resigned as an executive director, and Mr. Su Congyue has been appointed as an executive director effective July 22, 2022[59] - As of the report date, the executive directors are Mr. Song Xiaoming, Ms. Song Shiqing, and Mr. Su Congyue[59] - The non-executive director is Mr. Zhong Wenli, and the independent non-executive directors are Mr. Li Zhongfei, Mr. Zhao Jinsong, and Mr. Liu Chengwei[59] - The announcement regarding the changes in executive directors was made on July 22, 2022[59] Compliance and Audit - The audit committee reviewed the financial reporting process and internal control procedures for the three months ended June 30, 2022[55] - The audit committee consists of independent non-executive directors, ensuring oversight of financial reporting[53] - The company maintained compliance with the corporate governance code, except for the separation of the roles of chairman and CEO[52] - The company has adopted written guidelines for securities transactions by directors, confirming compliance during the reporting period[51] Dividends and Stock Options - The company did not recommend the payment of dividends for the three months ended June 30, 2022, consistent with the previous year[18] - No stock options were granted, exercised, canceled, or expired during the three months ended June 30, 2022[48] - A total of 45,883,329 stock options were outstanding as of June 30, 2022, with various exercise prices[54] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2022[49] - No preferential rights are stipulated in the company's articles of association regarding the issuance of new shares[56]
新都酒店(08315) - 2022 - 年度财报
2022-06-29 10:14
Financial Performance - Total revenue for the fiscal year ending March 31, 2022, decreased by approximately HKD 5,100,000 or 8.2% to about HKD 56,900,000 from approximately HKD 62,000,000 in the previous year[21]. - Revenue from security and property management services in Hong Kong dropped significantly by approximately HKD 13,700,000 or 62.8% to about HKD 8,100,000, primarily due to the ongoing impact of the COVID-19 pandemic[24]. - The asset management services total revenue for the year was approximately HKD 2,000,000, a decrease of about HKD 500,000 or 20% compared to HKD 2,500,000 in the previous year[25]. - The group's gross profit decreased by approximately 4,200,000 HKD or 76.4% to about 1,300,000 HKD for the year ended March 31, 2022, primarily due to increased security costs and adverse impacts from the COVID-19 pandemic[30]. - Other income for the year was approximately 1,800,000 HKD, a decrease from about 7,100,000 HKD in the previous year, mainly due to the absence of one-time government grants and other income sources[31]. - The loss attributable to the company's owners for the year was approximately 35,500,000 HKD, an increase from 17,000,000 HKD in the previous year, driven by reduced gross profit and increased impairment losses[40]. Expenditures and Cost Management - Total expenditures decreased by 6% compared to the previous year, reflecting the company's prudent spending policy[8]. - The cost of services provided for the fiscal year was approximately HKD 55,700,000, accounting for about 97.8% of total revenue[27]. - Administrative expenses decreased by approximately 1,600,000 HKD or 6.3% to about 24,000,000 HKD, primarily due to reduced legal and professional fees[32]. - Financial expenses increased by approximately 800,000 HKD or 34.8% to about 3,100,000 HKD, mainly due to interest payments and increased leasing costs[39]. Business Strategy and Growth - The company plans to enhance its core competitiveness by establishing vocational schools and industry-education integration bases in mainland China[8]. - The company aims to expand its scale of fund issuance to strengthen its core competitiveness in the asset management sector[8]. - The company is actively identifying potential acquisition targets to further its growth strategy[8]. - The company plans to expand its security and property management services in China by establishing its own vocational schools and industry-education integration bases[19]. - The company aims to leverage its asset management brand to establish investment funds that connect the upstream and downstream of the education industry chain[19]. Impact of COVID-19 - The ongoing COVID-19 pandemic has posed unprecedented challenges to the economy in Hong Kong and mainland China, affecting the company's operations[8]. - The company anticipates that the economy will gradually recover in the fiscal year 2023 as the COVID-19 situation improves and regulations in Hong Kong and China evolve[19]. - Due to the impact of the COVID-19 pandemic in China, the company has adjusted the pace of using the proceeds from previous fundraising efforts[61]. - The company faces external uncertainties, particularly related to the Chinese economy and COVID-19 lockdown measures, which may significantly impact performance[139]. Shareholder and Board Information - The board consists of a chairman and six members, including three executive directors, one non-executive director, and three independent non-executive directors[70]. - The company has established a nomination policy to identify qualified individuals for board membership, ensuring a diverse skill set and experience[71]. - The board held a total of four meetings during the year, with all directors actively participating[84]. - The company has adopted a dividend policy that considers financial performance, cash flow, and market conditions when deciding on dividend payments[72]. - The company did not recommend a final dividend for the year, consistent with the previous year[42]. Risk Management and Compliance - The company has a comprehensive risk management strategy in place to monitor and manage identified risks effectively[138]. - The board is responsible for continuously monitoring the effectiveness of the group's risk management and internal control systems[102]. - The company ensures compliance with legal and regulatory requirements through regular reviews of governance policies and practices[83]. - The audit committee reviews the overall effectiveness of the internal control and risk management framework[90]. Employee and Operational Information - The number of employees increased to 1,347 as of March 31, 2022, from 514 in the previous year, with 1,203 being full-time and part-time security personnel[27]. - The company has maintained good relationships with employees, offering competitive salaries and bonuses based on qualifications and tenure[134]. - The company has a structured annual review mechanism to assess employee performance, which informs decisions on salary increases and promotions[134]. - The company has implemented measures to manage the risk of employee turnover in labor-intensive sectors, particularly in security and property management[141]. Capital and Financing Activities - The total capital expenditure for the year ending March 31, 2022, was approximately HKD 22,172,000, primarily for acquiring land and building usage rights, compared to HKD 1,639,000 for the previous year[47]. - The net proceeds from the subscription matters amounted to HKD 67,500,000, with all funds expected to be utilized by March 31, 2023[61]. - The company issued a total of 581,442,248 ordinary shares with a par value of HKD 0.01 as of March 31, 2022[144]. - The company plans to utilize the proceeds from the subscription for business expansion and potential acquisitions, considering it the most feasible method for preparing capital for business growth[169]. Environmental and Social Responsibility - The company is aware of the importance of environmental protection for sustainable development and is committed to improving its environmental performance[131]. - The company reported no charitable donations during the year[142].
新都酒店(08315) - 2022 Q3 - 季度财报
2022-02-11 13:34
Financial Performance - Revenue for the three months ended December 31, 2021, was HKD 12,150,000, a decrease of 14.4% compared to HKD 14,188,000 for the same period in 2020[3] - Gross profit for the nine months ended December 31, 2021, was HKD 611,000, down 87.4% from HKD 4,838,000 in the previous year[3] - The company reported a loss before tax of HKD 21,283,000 for the nine months ended December 31, 2021, compared to a loss of HKD 14,944,000 for the same period in 2020, representing a 42.5% increase in losses[3] - Total comprehensive loss for the nine months ended December 31, 2021, was HKD 18,903,000, compared to HKD 14,448,000 in the previous year, indicating a 30.4% increase in total losses[3] - Basic and diluted loss per share for the nine months ended December 31, 2021, was HKD 4.41, compared to HKD 4.89 for the same period in 2020, showing a slight decrease in loss per share[3] - Total revenue for the nine months ended December 31, 2021, was HKD 39,589,000, down 10.2% from HKD 44,143,000 in the same period of 2020[9] - The company's loss attributable to shareholders increased by approximately HKD 6,713,000, from HKD 13,875,000 for the nine months ended December 31, 2020, to approximately HKD 20,588,000 for the reporting period[49] Expenses and Costs - Administrative expenses for the nine months ended December 31, 2021, were HKD 19,777,000, down 12.5% from HKD 22,685,000 in the previous year[3] - Financial expenses for the nine months ended December 31, 2021, totaled HKD 2,334,000, slightly higher than HKD 2,193,000 in 2020[11] - The company reported a decrease in the cost of services provided for the nine months ended December 31, 2021, amounting to HKD 38,978,000, compared to HKD 39,305,000 in 2020[13] - Other income fell by approximately HKD 4.88 million or 95.7%, from HKD 5.1 million to HKD 0.22 million, mainly due to a reduction in government subsidies and the absence of income from modified acceptance bill terms[46] - Administrative expenses decreased by approximately HKD 2.91 million or 12.8%, from HKD 22.69 million to HKD 19.78 million, attributed to more effective cost control in asset management and reductions in various expenses[47] - Financial expenses increased by approximately HKD 0.14 million or 6.4%, from HKD 2.19 million to HKD 2.33 million, primarily due to increased borrowing interest expenses[48] Equity and Capital - The company’s total equity as of December 31, 2021, was HKD 48,682,000, compared to a negative equity of HKD 7,203,000 at the beginning of the fiscal year[4] - The company raised HKD 19,836,000 through a rights issue during the period, enhancing its capital position[4] - The company raised approximately HKD 68.5 million through a subscription agreement, with a net amount of about HKD 67.5 million after expenses, at a subscription price of HKD 0.275 per share, representing a discount of approximately 6.78% from the theoretical closing price[34] Business Operations - The company’s main business includes providing security and property management services, as well as business consulting and asset management services[6] - Revenue from security and property management services for the three months ended December 31, 2021, was HKD 11,671,000, a decrease of 12.8% compared to HKD 13,390,000 in 2020[9] - The company achieved revenue of approximately HKD 39,589,000 for the nine months ended December 31, 2021, with security and property management services contributing about HKD 37,808,000 and asset management services contributing HKD 1,781,000[24] - The company established Shandong Guanhui Jiyie Commercial Management Co., Ltd. in Shandong Province to expand its security and property management services, focusing on large schools and industrial parks[25] - The company plans to continue expanding its security and property management business in mainland China, aiming to become a well-known institution in the industry[25] - The company is actively exploring business and investment opportunities in both the Chinese and Hong Kong markets, confident in the potential for growth[26] Government Subsidies - Other income for the three months ended December 31, 2021, was HKD 91,000, significantly higher than HKD 17,000 in 2020, primarily due to government subsidies[10] - The company received government subsidies of HKD 136,000 for the nine months ended December 31, 2021, down from HKD 1,653,000 in the same period of 2020[10] - The company has committed to using government subsidies to support employee wages under the "Employment Support Scheme" and must maintain employee levels as per the scheme's requirements[10] Shareholder Information - Major shareholders include Changcheng Holdings Limited, which holds 184,465,046 shares, representing approximately 31.73% of the total issued shares[55] - Walle Holding Limited, fully owned by Mr. Song, holds 249,090,909 shares, accounting for approximately 42.84% of the total issued shares[55] - Mr. Song controls approximately 74.57% of the company's shares through various entities[50] - The company's major shareholders include Guangzhou Nansha District Huiming Investment Business Co., Ltd., which is fully owned by Changcheng Holdings Limited[56] - The ownership structure indicates a significant concentration of control among a few major shareholders[56] Corporate Governance - The company has established an audit committee to review and supervise the financial reporting process and internal control procedures, consisting of independent non-executive directors[65] - The company has complied with the corporate governance code, except for the separation of roles between the chairman and the CEO, which has not been appointed since the resignation of the CEO on August 25, 2020[64] - The company has confirmed compliance with trading regulations by all directors during the reporting period[63] - There were no interests held by directors or controlling shareholders in any competing businesses during the reporting period[67] Stock Options - The company has a stock option plan adopted on July 31, 2014, which has granted stock options to its employees[51] - The company granted 33,235,133 stock options on October 11, 2021, under its stock option plan adopted on July 31, 2014[57] - The fair value of the stock options granted on October 11, 2021, was estimated at approximately HKD 2,390,000, calculated using a binomial option pricing model[59] - The exercise price of the stock options granted was HKD 0.2242, with the closing price on the grant date being HKD 0.201[59] - The total number of stock options outstanding as of December 31, 2021, was 138,218,179, with 33,235,133 options granted during the period[57] - The stock options will be transferred to retained earnings if they are forfeited or expire before the vesting period[60] - The stock options granted are expected to impact the equity reserve during the relevant vesting period[59] Future Outlook - The asset management services are expected to enter a high-quality development phase within the next one to two years, with a focus on controlling mergers and long-term investments in leading companies in niche sectors[26] - A strategic cooperation agreement was signed for the construction of vocational colleges, with a total investment of approximately USD 500 million and plans to enroll 20,000 students over five years[39] - The company aims to leverage its asset management platform to establish an education industry investment fund, enhancing its core competitiveness in asset management services[40] - The report does not provide specific guidance on future performance or new product developments[54]
新都酒店(08315) - 2022 - 中期财报
2021-11-14 10:06
中期報告 2021/22 香港聯合交易所有限公司(「聯交所」)GEM的特色 本報告載有根據聯交所GEM證券上市規則(「GEM上市規則」)規定須提供有關長城匯理公司(「本公司」, 連同其附屬公司統稱為「本集團」)資料的詳情,本公司董事(「董事」)就本報告共同及個別承擔全部責 任。董事在作出一切合理查詢後確認,就彼等所知及所信,本報告所載的資料在各重大方面乃準確完 整,無誤導或欺詐成份,且概無遺漏任何其他事宜致使本報告所載任何陳述或本報告產生誤導。 目錄 | 公司資料 | 2 | | --- | --- | | 未經審核簡明綜合損益及其他全面收益表 | 3 | | 未經審核簡明綜合財務狀況表 | 4 | | 未經審核簡明綜合權益變動表 | 5 | | 未經審核簡明綜合現金流量表 | 6 | | 未經審核簡明綜合中期財務資料附註 | 7 | | 管理層討論與分析 | 18 | | 企業管治及其他資料 | 28 | 1 長城匯理公司 • 二零二一╱二二年中期報告 公司資料 董事會 執行董事: 宋曉明先生 (主席) 宋詩情女士 林淑嫻女士 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在主板上市的公 ...
新都酒店(08315) - 2022 Q1 - 季度财报
2021-08-13 08:54
Financial Performance - Revenue for the three months ended June 30, 2021, was HKD 14,854,000, a decrease of 19.0% compared to HKD 18,474,000 for the same period in 2020[3] - Gross profit for the same period was HKD 265,000, down 89.8% from HKD 2,607,000 in 2020[3] - The loss before tax for the period was HKD 5,359,000, compared to a loss of HKD 4,287,000 in the previous year, representing a 25.0% increase in losses[3] - Total comprehensive loss for the period was HKD 4,147,000, slightly improved from HKD 4,284,000 in the same period last year[3] - The basic and diluted loss per share for the period was HKD 0.31, unchanged from the previous year[3] - The company reported a foreign exchange gain of HKD 1,199,000 for the period, compared to a gain of HKD 30,000 in the previous year[3] - Revenue from security and property management services was HKD 14,150,000, down from HKD 18,079,000 in 2020, indicating a decrease of 22%[8] - Revenue from asset management and consulting services increased to HKD 704,000 from HKD 395,000, reflecting an increase of 78%[8] - The company reported a loss before tax of HKD 5,081,000 for the three months ended June 30, 2021, compared to a loss of HKD 3,832,000 in the same period of 2020[15] - Basic and diluted loss per share for the period was HKD 0.00305, compared to HKD 0.00307 in the previous year[15] Expenses and Costs - Administrative expenses decreased to HKD 4,978,000 from HKD 6,407,000, a reduction of 22.2%[3] - Financial costs increased to HKD 742,000 from HKD 618,000, an increase of 20.1%[3] - Interest income from bank deposits decreased to HKD 3,000 from HKD 9,000, a decline of 67%[10] - Total financial expenses increased to HKD 742,000 from HKD 618,000, representing a rise of 20%[10] - The gross profit decreased from approximately HKD 2,607,000 to approximately HKD 265,000, a reduction of about 89.8% due to rising security costs and the adverse impact of the pandemic[28] - Administrative expenses decreased from approximately HKD 6,407,000 to approximately HKD 4,978,000, a reduction of about 22.3%, attributed to more effective cost control in asset management[29] - Financial expenses increased from approximately HKD 618,000 to approximately HKD 742,000, an increase of about 20.1%, primarily due to higher borrowing interest expenses[30] Shareholder Information - As of June 30, 2021, the company has a total of 922,325,231 shares held by Changcheng Huiri Holdings Limited, representing 55.50% of the issued shares[38] - The beneficial ownership of shares by major shareholders includes Guangzhou Nansha District Huiming Investment Business Co., Ltd., which also holds 922,325,231 shares, equating to 55.50%[38] - The company’s shares are controlled by a series of entities, with Nansha Huiming being wholly owned by Changcheng Huiri Holdings, which is ultimately controlled by Song Xiaoming[38] - The beneficial ownership structure indicates that Song Xiaoming has a direct control of approximately 68.90% and indirect control of about 22.00% through a wholly-owned company[35] - Other directors and key executives hold minor beneficial interests, with the highest being 12,671,279 shares, representing 0.76%[33] - The total number of shares held by the related entities indicates a concentrated ownership structure, which may impact governance and decision-making[38] - The ownership data reflects a stable control by major shareholders, which may influence strategic directions and market expansions[38] Corporate Governance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and the CEO, which has not been appointed since the resignation of the previous CEO[47] - The company failed to comply with GEM Listing Rules regarding the minimum number of independent non-executive directors, which should be three, following the termination of Ms. Guan's directorship[53] - The board has made changes to the audit committee and remuneration committee compositions following the termination of Ms. Guan's directorship[53] - The company is in the process of ensuring compliance with the GEM Listing Rules regarding the composition of its committees[53] Strategic Developments - The company continues to focus on providing security services and business consulting, with no new products or technologies reported in this quarter[5] - The company established Shandong Guanhui Jiyie Commercial Management Co., Ltd. to expand its security and property management services in mainland China[19] - The company aims to enhance its reputation and service offerings in the security sector, leveraging its ISO 9001:2008 certification and operational experience[19] - The company's asset management services have entered a rapid development phase, with assets under management focusing on controlling mergers and long-term investments in leading companies in niche sectors[21] - The asset management team is committed to exploring business and investment opportunities, aiming for high-quality development in the next one to two years[21] - The company plans to continue expanding its security and property management services in mainland China, focusing on schools, industrial parks, and government departments[22] - The company believes in the strong potential of the mainland asset management industry, which will bring new development opportunities[23] Stock Options and Shares - The company’s stock options plan has been referenced, indicating potential future dilution of shares[33] - As of June 30, 2021, a total of 138,218,179 stock options were outstanding, with no options granted, exercised, cancelled, or expired during the three months[41] - All granted stock options have no vesting period or conditions attached[41] - The company adjusted the number and exercise price of unexercised share options due to the share consolidation on August 2, 2021[56] Events and Compliance - The company has not disclosed any significant events that occurred after June 30, 2021, up to the report date[57] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2021[43] - The company has adopted written guidelines regarding securities transactions by directors, confirming compliance with the trading standards[45] - There were no interests held by directors or controlling shareholders in any competing businesses during the three months ended June 30, 2021[50] - The audit committee reviewed the financial reporting process and internal control procedures for the three months ended June 30, 2021[48] - There were no significant acquisitions or disposals of subsidiaries or associates during the three months ended June 30, 2021[51] - The company completed a share consolidation, merging every five existing shares into one new consolidated share, effective from August 2, 2021[56] - A subscription agreement was established for the issuance of 249,090,909 new consolidated shares at a subscription price of HKD 0.275 per share, approved by shareholders on July 29, 2021[56] - The new shares from the subscription were completed on August 5, 2021[56] - The company appointed Mr. Song as the new authorized representative effective from July 12, 2021[53]
新都酒店(08315) - 2021 - 年度财报
2021-06-29 08:31
2020/21 ANNUAL REPORT GREATWALLE INC. 長城匯理公 司 (Incorporated in the Cayman Islands with limited liability) Stock Code: 8315 2020/21 GREATWALLE INC. 長城匯理公 司 (於開曼群島註冊成立的有限公司) 股份代號 : 8315 年 報 GREATWALLE INC. 長城匯理公司 Annual Report 2020/21 年 報 香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在主板上市的公司帶有較高投資風險。 有意投資的人士應了解投資於該等公司的潛在風險,並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣之證券承受較大的市場波動風險, 同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及香港聯合交易所有限公司對本報告的內容概不負責,對其準確性或完整性亦不發 表任何聲明,並明確表示概不就因本報告全部或任何部分內容而 ...
新都酒店(08315) - 2021 Q3 - 季度财报
2021-02-10 13:55
Financial Performance - Revenue for the three months ended December 31, 2020, was HKD 14,188,000, a 99.1% increase compared to HKD 7,132,000 for the same period in 2019[3] - Gross profit for the nine months ended December 31, 2020, was HKD 4,838,000, up 102.5% from HKD 2,382,000 in the previous year[3] - The company reported a loss before tax of HKD 14,944,000 for the nine months ended December 31, 2020, a 57.5% improvement compared to a loss of HKD 35,155,000 in the same period of 2019[3] - Total comprehensive loss for the nine months ended December 31, 2020, was HKD 14,448,000, a 59.1% decrease from HKD 35,396,000 in the previous year[3] - Basic and diluted loss per share for the nine months ended December 31, 2020, was HKD 0.98, compared to HKD 2.61 for the same period in 2019[3] - The company recorded a loss attributable to owners of HKD 13,875,000 for the nine months ended December 31, 2020, an improvement compared to a loss of HKD 32,403,000 in the same period of 2019[19] - The group reported a reduction in loss attributable to owners from approximately HKD 32,403,000 to approximately HKD 13,875,000[43] Revenue Breakdown - The company reported total revenue of approximately HKD 44,143,000 for the nine months ended December 31, 2020, a significant increase from HKD 13,643,000 in the same period of 2019, representing a growth of 223%[8] - Revenue from security services amounted to HKD 42,545,000 for the nine months ended December 31, 2020, compared to HKD 11,742,000 in the same period of 2019, reflecting a growth of 263%[8] - Revenue from business consulting and asset management services was HKD 1,598,000 for the nine months ended December 31, 2020, down from HKD 1,901,000 in the same period of 2019, indicating a decline of 16%[8] - Revenue from security services in Hong Kong rose from approximately HKD 11,742,000 to approximately HKD 19,216,000, while revenue from security services in China was approximately HKD 23,329,000[36] Expenses and Costs - The company incurred administrative expenses of HKD 22,685,000 for the nine months ended December 31, 2020, down 37.1% from HKD 36,104,000 in the previous year[3] - Financial expenses for the nine months ended December 31, 2020, totaled HKD 2,193,000, an increase from HKD 1,912,000 in the same period of 2019[12] - The total cost of services increased from approximately HKD 11,261,000 to approximately HKD 39,305,000, representing 82.5% and 89.0% of total revenue respectively[38] Government Support - The company successfully applied for government subsidies under the "Employment Support Scheme," amounting to HKD 1,653,000, aimed at retaining employees during the pandemic[10] Shareholder Information - The company holds 922,325,321 shares, representing approximately 55.50% of the total issued shares[50] - The major shareholder, Changcheng Huiri Holdings Limited, is the beneficial owner of the 922,325,321 shares[50] - The ownership structure indicates that Changcheng Huiri Holdings Limited is fully owned by Nansha District Huiming Investment, which holds about 91.9992% of its shares[50] - The company has a controlled interest in Shenzhen Huiri No. 9 Investment Consulting Enterprise, which holds 99.0000% of its shares[50] - The beneficial ownership of shares includes 1,000,000 shares held by Mr. Song, representing 100.0000% of the controlled entity[47] - The company has a significant interest in Shenzhen Changcheng Huiri Investment Co., Ltd., with 3,828,902 shares representing 68.9039%[47] - The total number of shares held by Mr. Lin is 1,111, representing 0.0200% of the total[47] - The ownership structure reflects a high concentration of shares among a few major stakeholders, indicating potential influence over corporate decisions[50] Corporate Governance - The company has complied with the GEM Listing Rules Appendix 15 Corporate Governance Code, except for deviation from Code Provision A.2.1 regarding the separation of roles between the Chairman and the CEO[58] - The Audit Committee, consisting of independent non-executive directors, has reviewed the financial reporting process and internal control procedures, ensuring compliance with applicable accounting standards and GEM Listing Rules[59] - No directors or controlling shareholders have interests in any competing businesses as of December 31, 2020, which could lead to conflicts of interest[62] Future Plans and Market Position - The company aims to expand its security and property management business in mainland China, leveraging its operational and management advantages to achieve continuous revenue growth[25] - The asset management service segment is expected to become a significant profit growth point for the company, leveraging advantages in both mainland China and Hong Kong markets[35] - The company aims to expand its asset management services in mainland China while gradually entering the Hong Kong market[35] - The company plans to focus on controlling mergers and acquisitions and long-term investments in leading companies within niche markets[28] - The company anticipates a significant increase in the scale of managed assets within the next year[28] - The company aims to enter a high-quality development phase for its asset management business within the next one to two years[28] Stock Options and Dividends - The company did not declare an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[20] - The total number of stock options outstanding as of December 31, 2020, was 138,218,179, with 135,658,584 options unexercised[55] - The total number of stock options exercised during the nine months was 2,559,595[52] - The company had a total of 14,130,708 stock options granted in 2019, with no options exercised during the nine months ended December 31, 2020[52] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2020, except for shares issued upon the exercise of stock options[55] Significant Events - The company has not disclosed any significant events that occurred after December 31, 2020, up to the date of the report[21] - There have been no significant events requiring disclosure from December 31, 2020, to the report date[63]
新都酒店(08315) - 2021 - 中期财报
2020-11-13 08:32
Financial Performance - For the six months ended September 30, 2020, the company reported revenue of HKD 29,955,000, a significant increase of 360% compared to HKD 6,511,000 for the same period in 2019[7] - The gross profit for the six months ended September 30, 2020, was HKD 3,828,000, representing a gross margin improvement from 12.8% in 2019 to 12.8% in 2020[7] - The company incurred a loss before tax of HKD 7,412,000 for the six months ended September 30, 2020, compared to a loss of HKD 27,645,000 for the same period in 2019, indicating a reduction in losses by approximately 73%[7] - The company reported a net loss attributable to owners of the company of HKD 6,649,000 for the six months ended September 30, 2020, down from HKD 25,419,000 in the same period of 2019, showing a 74% reduction in net losses[7] - The total comprehensive loss for the six months ended September 30, 2020, was HKD (25,039) thousand, which includes a loss of HKD (25,419) thousand and other comprehensive income of HKD 380 thousand[9] - The group reported a loss attributable to owners of approximately HKD 6,649,000 for the six months ended September 30, 2020, down from approximately HKD 25,419,000 for the same period in 2019[68] Assets and Liabilities - Total assets as of September 30, 2020, amounted to HKD 71,086,000, an increase from HKD 58,002,000 as of March 31, 2020[8] - The company reported total liabilities of HKD 64,848,000 as of September 30, 2020, compared to HKD 64,270,000 as of March 31, 2020, indicating a slight increase[24] - The company's total equity as of September 30, 2020, was HKD 6,238,000, recovering from a deficit of HKD 6,268,000 as of March 31, 2020[8] - The company’s total non-current assets as of September 30, 2020, were HKD 14,701,000, compared to HKD 14,827,000 as of March 31, 2020, showing a minor decrease[26] - The company’s accounts payable as of September 30, 2020, totaled HKD 12,946,000, with HKD 7,751,000 overdue by more than 90 days[13] Cash Flow and Liquidity - The company's cash and cash equivalents increased to HKD 27,626,000 as of September 30, 2020, compared to HKD 16,420,000 as of March 31, 2020, reflecting improved liquidity[8] - The net cash used in operating activities for the six months ended September 30, 2020, was HKD (7,364) thousand, an improvement from HKD (23,030) thousand in the same period of 2019[10] - The net cash generated from financing activities for the six months ended September 30, 2020, was HKD 18,662 thousand, compared to a net cash used of HKD (2,733) thousand in the prior year[10] - As of September 30, 2020, the cash and cash equivalents balance increased to HKD 27,626 thousand from HKD 17,739 thousand at the end of the previous year[10] Revenue Sources - For the six months ended September 30, 2020, the company reported total revenue of approximately HKD 29,955,000, with security services generating HKD 29,155,000 and asset management services contributing HKD 800,000[48] - Revenue from security services for the three months ended September 30, 2020, was HKD 11,076,000, compared to HKD 2,343,000 in 2019, reflecting a growth of 372%[28] - Revenue from security services in Hong Kong rose from approximately HKD 5,026,000 to approximately HKD 16,570,000, while revenue from security services in China was approximately HKD 12,585,000[62] Operational Focus and Strategy - The company has been focusing on expanding its service offerings, which contributed to the increase in revenue and reduction in losses[7] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[7] - The company continues to focus on its core business areas, including security services and asset management, with no significant new product launches reported during this period[12] - The company is focused on expanding its market presence in mainland China, capitalizing on the growing demand for security services driven by urbanization and increased safety awareness[50] - The company aims to enhance its asset management business in China and Hong Kong by the end of 2020[59] Capital Expenditures - Capital expenditure for the six months ended September 30, 2020, was HKD 6,618,000, a substantial increase from HKD 21,000 in the same period of 2019[19] - Capital expenditures for the six months ended September 30, 2020, were approximately HKD 6,618,000, compared to approximately HKD 21,000 for the same period in 2019[74] Employee and Governance - As of September 30, 2020, the company had 539 employees, a decrease from 586 employees as of March 31, 2020[79] - Employee benefits costs, including director remuneration, were approximately HKD 23,029,000 for the six months ended September 30, 2020, compared to HKD 22,581,000 for the same period in 2019, reflecting an increase of about 1.97%[79] - The company’s governance structure includes significant shareholdings by key executives, with Mr. Song holding 55.50% of the company's shares[82] - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the six months ended September 30, 2020[97] Shareholder Information - Major shareholder Changcheng Huili Holdings Limited holds 922,325,321 shares, representing 55.50% of the total issued shares[87] - The shareholding structure indicates that Changcheng Huili Holdings is ultimately controlled by Mr. Song, with significant stakes held by related entities[87] Compliance and Internal Controls - The audit committee has reviewed the financial reporting process and internal control procedures for the six months ending September 30, 2020, ensuring compliance with applicable accounting standards and GEM listing rules[98] - There were no interests held by directors or controlling shareholders in any competing businesses as of September 30, 2020, which could lead to conflicts of interest[101]
新都酒店(08315) - 2021 Q1 - 季度财报
2020-08-11 13:44
Revenue and Profitability - Revenue for the three months ended June 30, 2020, was HKD 18,474,000, a significant increase from HKD 3,110,000 in the same period of 2019, representing a growth of 493%[3] - The cost of services provided was HKD 15,867,000, leading to a gross profit of HKD 2,607,000, compared to a gross loss of HKD 122,000 in the previous year[3] - The loss before tax for the period was HKD 4,288,000, an improvement from a loss of HKD 13,105,000 in the prior year[3] - The total comprehensive loss for the period was HKD 4,284,000, compared to HKD 12,890,000 in the same period last year, indicating a reduction of 67%[3] - Basic and diluted loss per share for the period was HKD 0.31, down from HKD 0.96 in the previous year[3] - Revenue from security services was HKD 18,079,000, a substantial increase from HKD 2,683,000 in the prior year[10] - Revenue from business consulting and asset management services was HKD 395,000, slightly down from HKD 427,000 in the previous year[10] - The company reported a foreign exchange gain of HKD 30,000 for the period, compared to a gain of HKD 215,000 in the previous year[3] - The company incurred a pre-tax loss of HKD 7,281,000 for the three months ended June 30, 2020, compared to HKD 11,764,000 for the same period in 2019[14] - The company recorded a basic and diluted loss per share of HKD 3,833,000 for the three months ended June 30, 2020, compared to HKD 11,878,000 for the same period in 2019[19] Expenses and Cost Management - Administrative expenses decreased to HKD 6,408,000 from HKD 12,527,000, reflecting a reduction of 48%[3] - The company’s employee benefits expenses for the three months ended June 30, 2020, amounted to HKD 7,254,000, compared to HKD 3,019,000 in 2019, indicating a significant increase in personnel costs[14] - The company’s financial expenses totaled HKD 618,000 for the three months ended June 30, 2020, a slight decrease from HKD 651,000 in 2019[12] Shareholder and Equity Information - The total equity attributable to the owners of the company decreased to HKD 16,619,000 from HKD 27,339,000 as of June 30, 2019[4] - The company aims to increase its registered capital from 20 million HKD to 40 million HKD by issuing an additional 2 billion shares[27] - The company holds 691,743,923 shares, representing 55.50% of the total issued shares[46] - The major shareholder, Changcheng Huiri Holdings Limited, is fully owned by Guangzhou Nansha District Huiming Investment Business Co., Ltd.[41] - Song Xiaoming is the ultimate controller of Changcheng Huiri Investment Co., Ltd., holding approximately 68.90% directly and 21.99% indirectly[41] - The company has a significant concentration of ownership, with major shareholders controlling 55.50% of the shares[46] - The beneficial ownership structure indicates a high level of control by a few entities, which may impact governance and decision-making[41] Market and Business Strategy - The mainland security services market has shown rapid growth, with the industry scale exceeding HKD 170 billion and an annual growth rate of over 10%[22] - The company aims to expand its market presence in mainland China, leveraging the growing demand for security services driven by urbanization and increased safety awareness[22] - The company plans to expand its security services in the Chinese market, targeting key sectors such as industrial parks and government departments[29] - The asset management business is expected to become a significant profit growth driver, leveraging the favorable macroeconomic environment and regulatory changes in China[30] Corporate Governance and Compliance - The audit committee, consisting of independent non-executive directors, reviewed the financial reporting process and internal control procedures for the three months ended June 30, 2020[56] - The company confirmed compliance with the corporate governance code as per GEM listing rules during the three-month period[55] - The company has adopted written guidelines regarding securities transactions by directors, confirming compliance with the relevant trading standards[53] Stock Options and Dividends - The company did not recommend any dividend for the three months ended June 30, 2020, consistent with the previous year[18] - As of June 30, 2020, there were no stock options granted, exercised, canceled, or expired during the three-month period[50] - The total number of stock options outstanding as of June 30, 2020, was 135,658,584, with an exercise price of HKD 0.2380 and HKD 0.0904[49] - The total number of stock options granted in previous periods remains unchanged, with significant amounts held by directors[48] - The company has not granted any stock options during the three months ended June 30, 2020[50] Rights Issue and Capital Increase - The company proposed a rights issue on August 5, 2020, offering one rights share for every three shares held at a subscription price of HKD 0.05 per rights share, aiming to raise at least approximately HKD 20,800,000 before expenses[62] - The company received an irrevocable commitment from its controlling shareholder to subscribe for a total of 230,581,307 rights shares[62] - The company's authorized share capital was increased to HKD 40,000,000, divided into 4,000,000,000 shares, following a resolution passed at a special general meeting on July 15, 2020[61] Other Disclosures - The company has not disclosed any new strategies or market expansions in the provided documents[45] - There are no mentions of new product developments or technological advancements in the current report[45] - The company has no provisions in its articles of association or under Cayman Islands law requiring it to offer new shares to existing shareholders on a pro-rata basis[57] - No significant acquisitions or disposals of subsidiaries or associates occurred during the three months ended June 30, 2020[59]