Financial Performance - The Group's revenue for the nine months ended 31 December 2020 was approximately HK$46,152,000, representing a decrease of approximately 43.6% compared to the same period in the previous financial year[5]. - The Group's gross profit for the nine months ended 31 December 2020 was approximately HK$3,289,000, a decrease of approximately HK$542,000 compared to the same period last year[5]. - Loss attributable to owners of the Company for the nine months ended 31 December 2020 amounted to approximately HK$11,336,000, compared to HK$10,959,000 for the same period in 2019[5]. - The Group's loss before tax for the nine months ended 31 December 2020 was HK$8,114,000, an improvement from HK$9,357,000 in the previous year[7]. - Total comprehensive expenses for the period amounted to HK$13,894,000, compared to HK$10,965,000 for the same period last year[26]. - The Group's other income and gains for the nine months ended 31 December 2020 were approximately HK$900,000, compared to HK$206,000 in the previous year[7]. - The Group reported a loss for the period from continuing operations of HK$8,114,000, compared to HK$9,357,000 in the previous year[11]. - Total comprehensive loss for the nine months ended December 31, 2020, was HK$13,894,000, compared to HK$10,965,000 for the same period in 2019, representing an increase of 26.5%[28]. - Basic and diluted loss per share from continuing operations for the nine months ended December 31, 2020, was HK(0.47), compared to HK(0.65) for the same period in 2019, indicating an improvement of 27.7%[28]. - Basic and diluted loss per share from discontinued operations for the three months ended December 31, 2020, was HK(0.19), compared to HK(0.04) for the same period in 2019, reflecting a decline of 375%[28]. - The company reported a total comprehensive loss for the three months ended December 31, 2020, of HK$3,554,000, compared to HK$3,565,000 in the same period of 2019, showing a slight decrease of 0.3%[28]. - The company recorded a loss for the period of HK$11,338,000 for the nine months ended December 31, 2020, compared to a loss of HK$10,965,000 for the same period in 2019, an increase of 3.4%[31]. - The total comprehensive loss for the period was HK$13,245,000 for the nine months ended December 31, 2020, compared to HK$10,965,000 for the same period in 2019, indicating an increase of 20.8%[31]. Expenses and Costs - Selling expenses decreased to HK$917,000 for the nine months ended 31 December 2020, down from HK$2,045,000 in the previous year[7]. - Administrative expenses increased to HK$13,125,000 for the nine months ended 31 December 2020, compared to HK$11,591,000 in the previous year[7]. - The cost of sales for the nine months ended 31 December 2020 amounted to approximately HK$42,863,000, down from HK$77,967,000 in the previous year, reflecting a similar decrease in sales[74]. - Other income rose from approximately HK$206,000 for the nine months ended 31 December 2019 to approximately HK$900,000 for the same period in 2020, an increase of approximately 338%[74]. Dividends and Share Capital - The Board does not recommend the payment of any dividend for the nine months ended 31 December 2020[5]. - The company had a share capital of HK$145,245,000 as of December 31, 2020, which remained stable compared to HK$145,096,000 at the same time in 2019[31]. - The statutory account reserve fund remained unchanged at HK$1,000,000 for both periods[31]. Business Segments - The Group's operating activities are divided into two segments: Gold and Jewellery Business and Lending Business[41]. - For the nine months ended December 31, 2020, external sales from the Gold and Jewellery Business were HK$45,487,000, while the Lending Business generated HK$665,000, totaling HK$46,152,000 in revenue[47]. - The segment profit for the Gold and Jewellery Business was HK$1,509,000, whereas the Lending Business reported a loss of HK$3,287,000, resulting in an overall segment loss of HK$1,778,000[47]. - The revenue from the Gold and Jewellery Business decreased by approximately HK$35,791,000 from approximately HK$81,278,000 for the nine months ended 31 December 2019 to approximately HK$45,487,000 for the nine months ended 31 December 2020[93]. - The Group's Lending Business continued to grow during the period under review, with four major outstanding loan receivables amounting to HK$15,880,000 as at 31 December 2020[95]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[169]. - The Board has established three committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee[170]. - The Audit Committee, comprising three independent non-executive Directors, is responsible for reviewing the Group's financial reporting system and risk management procedures[175]. - The Remuneration Committee, established on June 17, 2005, includes two independent non-executive Directors and one executive Director, focusing on remuneration policies for Directors and senior management[175]. - The Nomination Committee, formed on March 29, 2012, is tasked with formulating nomination policies and assessing the independence of independent non-executive Directors[177]. - The company’s governance structure includes clear written terms of reference for each committee, ensuring accountability and transparency[173][177]. Share Options and Holdings - The company granted a total of 13,800,000 share options to Mr. Zhang Chunhua, Ms. Zhang Chunping, and Ms. Chung Elizabeth Ching Yee, with an exercise price of HK$0.58 per share, valid from June 27, 2019, to June 26, 2028[122]. - A total of 150,000 share options were granted to Mr. Kwan Chi Hong at an exercise price of HK$0.59 per share, valid from June 27, 2019, to June 26, 2028[124]. - The total number of share options granted in aggregate amounts to 17,160,000, with an exercise price of HK$0.58 per share, valid from June 27, 2019, to June 26, 2028[124]. - As of December 31, 2020, the company had outstanding options to subscribe for up to 112,110,000 shares under the 2011 Scheme[157]. - The largest shareholder, Brilliant Chapter Limited, holds 834,851,294 shares, representing 57.48% of the company's issued share capital[163]. - Mr. Zhang Chunhua holds 834,851,294 shares, representing 57.48% of the company's issued share capital[112].
朗华国际集团(08026) - 2021 Q3 - 季度财报