Financial Performance - Revenue for the three months and nine months ended December 31, 2020, was approximately HK$125,800,000 and HK$363,395,000 respectively, compared to HK$116,421,000 and HK$370,778,000 for the same periods last year, indicating a year-over-year increase of 6.3% for the quarterly revenue but a slight decrease of 2.0% for the nine-month revenue[6]. - Loss attributable to owners of the Company was approximately HK$1,523,000 and HK$9,700,000 for the three months and nine months ended December 31, 2020, compared to losses of HK$2,949,000 and HK$10,539,000 for the corresponding periods last year, showing an improvement in quarterly loss by 48.2%[6]. - The Group recorded total revenue of approximately HK$363,395,000 for the nine months ended 31 December 2020, representing a slight decrease of approximately 1.99% compared to HK$370,778,000 for the same period last year[57]. - Loss attributable to owners of the Company was approximately HK$9,700,000 for the nine months ended 31 December 2020, which is approximately 7.96% lower than the loss of HK$10,539,000 for the corresponding period last year[58]. - Total revenue for the nine months ended December 31, 2020, was HK$363,395,000, a decrease of 2.4% from HK$370,778,000 in the same period of 2019[99]. Revenue Breakdown - Revenue generated from intelligent advertising and railroad media services for the three and nine months ended December 31, 2020, was approximately HK$125,169,000 and HK$307,063,000 respectively[17]. - Revenue generated from the sales of agricultural, forestry, and consumer products for the three and nine months ended December 31, 2020, was approximately HK$334,000 and HK$40,755,000 respectively[25]. - Revenue from the supply-chain business for the three and nine months ended December 31, 2020, was nil and approximately HK$14,796,000 respectively[30]. - Revenue derived from short-term leasing of the commercial portion of the property for the three and nine months ended December 31, 2020, was approximately HK$297,000 and HK$781,000 respectively[36]. - The intelligent advertising and railroad media business segment reported a total revenue of HK$307,063,000 for the nine months ended December 31, 2020, compared to HK$264,433,000 in 2019, reflecting a 15.99% increase[93]. - The agricultural, forestry, and consumer products business segment generated revenue of HK$40,755,000 for the nine months ended December 31, 2020, down from HK$35,943,000 in 2019, showing a decline of 12.67%[93]. - The property business segment reported a total revenue of HK$781,000 for the nine months ended December 31, 2020, compared to HK$720,000 in 2019, marking an increase of 8.47%[93]. Strategic Initiatives - The Company continues to expand its collaboration with mainstream media, significantly growing its intelligent advertising and media services[8]. - The intelligent advertising business has achieved growth due to increased advertising from key industries such as real estate, games, internet services, e-commerce, and education[9]. - Shenzhen Zhixunpai is exploring new verticals such as insurtech and real estate to leverage its AI and big data analytics capabilities, which will provide additional growth opportunities[10]. - The Group aims to create an AI-powered intelligent marketing ecosystem to provide packaged online and offline solutions to help customers face post-COVID challenges[16]. - The Group is focused on developing consumer-end products, including healthy food and self-care products, to hedge against the pandemic's impact[23]. - The Group is developing its own e-commerce omni-channels to boost sales of its own-brand products[25]. - The Group aims to explore new investment opportunities and develop its own-brand products to increase profitability[29]. - The Group will focus on intelligent advertising and explore growth channels in insurtech and digital healthcare solutions as part of its digital transformation strategy[48]. - The Group has taken measures to mitigate the impact of the economic downturn and will formulate strategies to enhance long-term profitability and sustainability[50]. - The Group will seek technology investment opportunities to develop its own-brand products and enhance its omni-channel e-commerce capabilities[51]. - The Group's online sales channels will be optimized to leverage the shift in consumer shopping habits towards digital platforms due to the pandemic[44]. Corporate Governance - The Board does not recommend the payment of a quarterly dividend for the nine months ended December 31, 2020, consistent with the previous year[6]. - The company is in the process of assessing the impact of new and revised Hong Kong Financial Reporting Standards on its results of operations and financial position[79]. - The company has segmented its operations into four reportable segments: intelligent advertising and railroad media, agricultural, forestry and consumer products, supply-chain, and property business, to better manage resources and performance[92]. - The company has adopted a new share option scheme valid for 10 years, allowing selected persons to subscribe for shares[134]. - The Company has complied with the Corporate Governance Code throughout the nine months ended December 31, 2020[138]. - The Audit Committee regularly reviews the effectiveness of the internal control system and the quarterly, interim, and annual reports of the Group[146]. - The Remuneration Committee is responsible for reviewing and determining the remuneration policy for directors and senior management[148]. - The Nomination Committee reviews the composition of the Board and nominates suitably qualified candidates when necessary[147]. Shareholder Information - As of December 31, 2020, Ms. Ng Mui King, Joky holds 337,920,000 shares, representing approximately 10.39% of the issued share capital of the Company[167]. - Mr. Zhao Xinyan holds 491,280,000 shares, which accounts for about 15.10% of the issued share capital of the Company[167]. - Ms. Lin Shunping owns 199,000,000 shares, equivalent to approximately 6.12% of the issued share capital of the Company[167]. - Gold City Assets Holdings Ltd. is the beneficial owner of 337,920,000 shares, with Ms. Ng Mui King, Joky as the beneficial owner[169]. - Win Bless Limited, wholly owned by Mr. Zhao Xinyan, holds 491,280,000 shares[170]. - The Company did not redeem any of its shares during the nine months ended December 31, 2020[172]. - No purchases or sales of the Company's shares were made by the Company or its subsidiaries during the nine months ended December 31, 2020[175]. - There were no arrangements for Directors or chief executives to acquire benefits through the acquisition of shares during the nine months ended December 31, 2020[161]. - As of December 31, 2020, no person other than Directors or chief executives had an interest or short position in the shares of the Company that required disclosure[164]. - The Company has adopted a code of conduct for securities transactions by Directors, confirming compliance throughout the nine months ended December 31, 2020[177].
世大控股(08003) - 2021 Q3 - 季度财报