Financial Performance - Total revenue for the nine months ended September 30, 2021, was approximately HKD 75,994,000, an increase of about 0.2% compared to HKD 75,870,000 for the same period in 2020[7] - The loss attributable to owners for the nine months ended September 30, 2021, was approximately HKD 4,196,000, a decrease of about 372.8% compared to a profit of HKD 1,538,000 for the same period in 2020[7] - Basic and diluted loss per share for the nine months ended September 30, 2021, was approximately HKD 1.5 cents, compared to earnings of HKD 0.5 cents for the same period in 2020[7] - Revenue for the three months ended September 30, 2021, was HKD 24,808,000, compared to HKD 21,364,000 for the same period in 2020[9] - The group reported a net loss of HKD 2,883,000 for the three months ended September 30, 2021, compared to a profit of HKD 162,000 for the same period in 2020[9] - The group incurred total operating expenses of HKD 16,184,000 for the nine months ended September 30, 2021, compared to HKD 11,265,000 for the same period in 2020[9] - The group's unaudited total revenue for the nine months ended September 30, 2021, was approximately HKD 76,000,000, a decrease of about HKD 100,000 compared to HKD 75,900,000 for the same period in 2020[37] - Other income decreased significantly from approximately HKD 8,300,000 for the nine months ended September 30, 2020, to approximately HKD 200,000 for the same period in 2021, primarily due to the cessation of local government subsidies related to employee hiring[37] Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the nine months ended September 30, 2021[19] - The company did not recommend the payment of an interim dividend for the nine months ended September 30, 2021, consistent with no dividend in the same period of 2020[24] - As of September 30, 2021, the company had a total of 210,000,000 shares held by Mr. Tang Chengbo, representing 75% of the issued share capital[51] - The major shareholder, Wan Shi Da Enterprises Limited, holds 210,000,000 shares, which is also 75% of the issued share capital[54] Expenses and Financial Management - The group’s employee benefits expenses for the nine months ended September 30, 2021, were HKD 55,236,000, compared to HKD 58,704,000 for the same period in 2020[9] - Employee benefit expenses decreased from approximately HKD 58,700,000 for the nine months ended September 30, 2020, to approximately HKD 55,200,000 for the same period in 2021[37] - Other operating expenses increased from approximately HKD 11,300,000 for the nine months ended September 30, 2020, to approximately HKD 16,200,000 for the same period in 2021, mainly due to an increase in expected credit losses on receivables[37] - The group's unaudited depreciation and amortization expenses decreased from approximately HKD 9,200,000 for the nine months ended September 30, 2020, to approximately HKD 7,700,000 for the same period in 2021[39] Investments and Business Development - The company issued non-listed zero-coupon convertible bonds with a principal amount of HKD 9,500,000, with net proceeds of approximately HKD 8,700,000 intended for expanding its financial services business[31] - Management is focused on exploring investment and collaboration opportunities to support growth, particularly in expanding financial products and services[36] - The group is applying for licenses under the Securities and Futures Ordinance to regulate virtual asset trading platforms, aiming to leverage blockchain technology for asset tokenization[36] - The company sold 50,000 shares of listed securities during the nine months ended September 30, 2021, realizing a gain of approximately HKD 216,967[26] - As of September 30, 2021, the company held listed securities with a carrying value of approximately HKD 252,200 and unlisted securities valued at HKD 12,900,000[27] Market Conditions and Future Outlook - The Hong Kong economy showed signs of recovery, with a reported GDP growth of 7.6% year-on-year in the second quarter of 2021, benefiting the company's securities trading and asset management services[34] - The group anticipates continued benefits in its credit financing business due to ample liquidity and low interest rates supporting the local real estate market[36] - The company experienced significant growth in in-house service employees, driven by an increase in client numbers and service demands, with expectations for this trend to continue into the next year[33] - The company plans to enhance sales efforts for its Marvel Contact Centre System, which has received positive feedback from existing and potential clients[33] Compliance and Governance - The audit committee reviewed the unaudited consolidated results for the nine months ending September 30, 2021, and confirmed compliance with accounting principles and legal requirements[57] - The company received annual declarations from all covenantors regarding compliance with non-competition agreements as of December 31, 2020[49] - The company has no other interests or conflicts reported by directors or major shareholders as of September 30, 2021[51] - The company has no provisions for preemptive rights in its articles of association or under Cayman Islands law[58] - The company has adopted a new share option scheme, which became unconditional on May 6, 2021, following the termination of the old scheme[43] - The company did not redeem any of its listed securities during the nine months ending September 30, 2021[60] - The company has not purchased or sold any of its listed securities during the reporting period[60] - No new business opportunities were reported that could compete with the company's existing business as of December 31, 2020[49] Credit Losses - The increase in expected credit losses on receivables was a major factor contributing to the decrease in profit during the period[40]
易通讯集团(08031) - 2021 Q3 - 季度财报