Financial Performance - Total revenue for the nine months ended September 30, 2020, was approximately HKD 75,870,000, a decrease of about 24.1% compared to HKD 100,001,000 for the same period in 2019[4] - Profit attributable to owners for the nine months ended September 30, 2020, was approximately HKD 1,538,000, down approximately 78.9% from HKD 7,285,000 in the same period of 2019[4] - Earnings per share for the nine months ended September 30, 2020, was approximately HKD 0.5 cents, compared to HKD 2.6 cents for the same period in 2019[4] - Revenue from outsourced inbound customer contact services for the nine months ended September 30, 2020, was HKD 8,414,000, down from HKD 9,106,000 in 2019[10] - Revenue from outsourced outbound customer contact services and personnel dispatch services for the nine months ended September 30, 2020, was HKD 8,253,000, down from HKD 31,568,000 in 2019[10] - Revenue from financial services for the nine months ended September 30, 2020, was HKD 13,531,000, down from HKD 15,687,000 in 2019[10] - Total revenue for the nine months ended September 30, 2020, was approximately HKD 75,900,000, a decrease of about HKD 24,100,000 from HKD 100,000,000 in the same period of 2019[25] - Other income increased from approximately HKD 400,000 in the nine months ended September 30, 2019, to approximately HKD 8,300,000 in the same period of 2020, mainly due to local government subsidies related to employee hiring[25] - Employee benefit expenses decreased from approximately HKD 67,500,000 for the nine months ended September 30, 2019, to approximately HKD 58,700,000 for the same period in 2020[25] - Depreciation and amortization expenses slightly decreased from approximately HKD 9,300,000 for the nine months ended September 30, 2019, to approximately HKD 9,200,000 for the same period in 2020[26] - Financial expenses decreased from approximately HKD 500,000 for the nine months ended September 30, 2019, to approximately HKD 300,000 for the same period in 2020[26] Dividend and Financial Policies - The board of directors does not recommend the payment of an interim dividend for the nine months ended September 30, 2020[15] - The company did not recommend the payment of an interim dividend for the nine months ended September 30, 2020[20] - The group has not made any provision for deferred tax in the financial statements due to no significant timing differences[13] - The financial results are prepared in accordance with Hong Kong Financial Reporting Standards and GEM Listing Rules[8] Business Operations and Strategy - The group operates in Hong Kong, providing a full range of multimedia customer contact services, customer contact center systems, personnel dispatch, and financial services[7] - The company plans to seek potential partnerships or acquisition opportunities that could enrich its business or provide value and synergies to existing operations[24] - The company remains optimistic about the development of its financial services business despite the challenges faced in 2020[24] - The company has taken stricter preventive measures due to the COVID-19 pandemic, affecting over 15% of its operational areas during the most severe times[21] Corporate Governance and Compliance - The company has adopted a code of conduct for directors' securities trading, confirming compliance with the trading standards as of September 30, 2020[30] - No stock options were granted, exercised, expired, or lapsed under the stock option plan approved on December 21, 2011, during the nine months ended September 30, 2020[31] - As of September 30, 2020, the company and its affiliates did not engage in any arrangements allowing directors to benefit from purchasing shares or debt securities of the company[32] - The audit committee reviewed the unaudited interim results for the nine months ending September 30, 2020, and confirmed compliance with Hong Kong Generally Accepted Accounting Principles[49] - No new shares were repurchased or sold by the company or its subsidiaries during the nine months ending September 30, 2020[49] Shareholding and Conflicts of Interest - Directors and key executives held 210,000,000 shares, representing 75% of the company's issued share capital as of September 30, 2020[42] - There were no reported conflicts of interest involving directors or major shareholders in competing businesses as of September 30, 2020[42] - The major shareholder, Wan Shida Enterprises Limited, holds 210,000,000 shares, representing approximately 75% of the issued share capital[46] - The company received written notifications from all covenantors regarding new business opportunities that may compete with the group’s existing business[37] - The company has committed to evaluating new business opportunities presented by covenantors within a specified timeframe[37] - The company’s compliance with the non-competition agreement was reported for the year ended December 31, 2019[37] - The non-competition agreement ensures that certain key individuals will not engage in competing businesses during its effectiveness, protecting the company's interests[35] Subsidiary Operations - The company’s subsidiary, 基業信貸有限公司, obtained a lender's license under the Money Lenders Ordinance and commenced lending operations[34]
易通讯集团(08031) - 2020 Q3 - 季度财报