Financial Performance - For the nine months ended September 30, 2021, the group's total revenue was approximately HKD 123.5 million, a decrease of 49.9% compared to the same period last year[5]. - The group recorded a gross profit of approximately HKD 29.8 million for the nine months ended September 30, 2021, down from HKD 39.6 million in the same period last year[5]. - The loss attributable to owners of the company for the nine months ended September 30, 2021, was approximately HKD 19.0 million, compared to a loss of HKD 26.8 million for the same period last year[5]. - The basic loss per share for the nine months ended September 30, 2021, was HKD 0.01, consistent with the loss per share for the same period last year[5]. - The operating loss for the nine months ended September 30, 2021, was HKD 12.2 million, compared to an operating loss of HKD 23.0 million for the same period last year[6]. - The total comprehensive income for the nine months ended September 30, 2021, was HKD 38.6 million, compared to a total comprehensive loss of HKD 15.3 million for the same period last year[9]. - The company reported a financing cost of HKD 2.6 million for the nine months ended September 30, 2021, compared to HKD 2.3 million for the same period last year[6]. - Overall revenue decreased by 49.9% to approximately HKD 123.5 million, with gross profit down 24.7% to approximately HKD 29.8 million[43]. - The group recorded a net loss of approximately HKD 19.0 million attributable to shareholders, an improvement from a loss of approximately HKD 26.8 million in the same period last year[48]. - The group’s financing costs increased by 9.8% to approximately HKD 2.6 million due to higher borrowing costs compared to the previous fiscal year[47]. Equity and Dividends - As of September 30, 2021, the total equity attributable to owners of the company was approximately HKD 2,238.4 million, an increase from HKD 2,173.7 million as of December 31, 2020[5]. - The board of directors did not recommend the payment of any dividend for the nine months ended September 30, 2021[5]. - The company did not recommend any dividend for the nine months ended September 30, 2021, consistent with the same period in 2020[28]. - The board did not declare any dividends during the reporting period[68]. User Engagement and Market Presence - The company’s user data showed a total of 62,193 active users, which is an increase from 51,827 active users at the beginning of the year[10]. - The company anticipates a recovery in user engagement and revenue growth as market conditions improve in the next fiscal year[10]. - The company plans to expand its market presence and invest in new technologies to enhance its product offerings in the upcoming quarters[10]. Assets and Liabilities - The total liabilities of the company as of September 30, 2021, were HKD 1,570,956,000, reflecting a slight increase from the previous quarter[10]. - As of September 30, 2021, the group had a current ratio of 4.4 times and a debt-to-equity ratio of 15.4%, indicating a strong financial position[49]. - The group’s total assets pledged as collateral for loans amounted to approximately HKD 142.4 million as of September 30, 2021[50]. Investments and Acquisitions - The company completed the sale of its indirect wholly-owned subsidiary, Shanghai Yiding, for USD 68 million (approximately HKD 530.4 million) on September 3, 2021[57][58]. - The company recorded a foreign exchange gain of HKD 13,010,000 related to the sale of the subsidiary[32]. - The company has begun investing in cryptocurrency by acquiring computing power, recognizing the growth potential of digital assets[41]. - The company purchased computing power equipment for cryptocurrency mining, with a total contract value of RMB 290 million, but decided not to pay the third installment of RMB 140 million[59]. - The company agreed to purchase 10,500 cryptocurrency mining machines for HKD 84.18 million, with payment to be made in USD Coin[63]. - The company has not engaged in any Bitcoin mining activities as of the report date and will provide further announcements regarding such activities in accordance with listing rules[63]. Operational Capacity and Future Outlook - The company reported a significant increase in operational capacity, which is expected to drive future revenue growth[10]. - The group is actively pursuing the completion of its IDC facility in San Jose, USA, with operational commencement expected in the first half of 2022[39]. - The company’s investment in intangible assets was capitalized, with a depreciation period of three years, impacting future financial statements[19]. Shareholder Information - As of September 30, 2021, the total number of issued shares of the company is approximately 2,487,704,800[76]. - Mr. Li Qiang holds 4,604,000 shares, representing 0.19% of the company's issued share capital[70]. - Mr. Cong Yu holds 741,379,800 shares, representing 29.80% of the company's issued share capital[70]. - Mr. Gao Fei holds 2,190,000 shares, representing 0.09% of the company's issued share capital[70]. - Mr. Shi Guangrong holds 22,660,000 shares, representing 0.91% of the company's issued share capital[70]. - Mr. Zhu Jiang holds 7,926,756 shares, representing 0.32% of the company's issued share capital[70]. - Ms. Shen Yan holds 324,000 shares, representing 0.01% of the company's issued share capital[70]. - Unicorn Resources Inc. holds 741,379,800 shares, representing 29.80% of the company's issued share capital[73]. - Hongqiao Group Limited holds 351,867,200 shares, representing 14.14% of the company's issued share capital[73]. Compliance and Governance - The company’s financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency[18]. - The board has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[82]. - The audit committee reviewed the unaudited interim financial results, ensuring compliance with applicable accounting standards[82]. - All directors confirmed compliance with the trading standards regarding their securities transactions during the period[85]. - There were no purchases, sales, or redemptions of the company's listed securities during the period[83]. - The company has not entered into any management contracts for overall business or any significant business during the period[78]. Risk Management - The company is focused on improving risk management systems across various aspects of its operations, with potential risks including market competition and regulatory changes affecting financial performance[64].
裕兴科技(08005) - 2021 Q3 - 季度财报