Financial Performance - For the nine months ended March 31, 2021, the company reported total revenue of HKD 56,964,000, a decrease of 8.4% compared to HKD 62,427,000 for the same period in 2020[6] - The gross profit for the nine months ended March 31, 2021, was HKD 4,475,000, down from HKD 5,864,000 in the previous year, reflecting a decline of 23.6%[6] - The company incurred a net loss of HKD 7,450,000 for the nine months ended March 31, 2021, compared to a net loss of HKD 15,809,000 for the same period in 2020, indicating an improvement of 52.8%[6] - The total comprehensive loss for the nine months ended March 31, 2021, was HKD 7,467,000, compared to HKD 15,483,000 for the same period in 2020, reflecting a decrease of 51.8%[7] - The company reported other income of HKD 827,000 for the nine months ended March 31, 2021, down from HKD 2,566,000 in the previous year, a decline of 67.7%[6] - The company reported a loss attributable to shareholders of approximately HKD 6,706,000 for the nine months ended March 31, 2021, a decrease of 32.95% compared to HKD 10,001,000 for the same period in 2020[35] - The company's unaudited revenue for the nine months ended March 31, 2021, was approximately HKD 56,964,000, representing a decrease of about 8.75% from HKD 62,427,000 in the same period of 2020[35] - The company did not recommend the payment of dividends for the nine months ended March 31, 2021, consistent with no dividends declared in 2020[26] Expenses and Losses - Administrative expenses decreased significantly to HKD 15,528,000 for the nine months ended March 31, 2021, from HKD 22,758,000 in the previous year, a reduction of 31.8%[6] - The basic loss per share for the nine months ended March 31, 2021, was HKD 0.86, an improvement from HKD 1.37 in the same period of 2020[6] - The company experienced a decrease in product sales, reporting HKD 49,304,000 for the nine months ended March 31, 2021, compared to HKD 52,339,000 in 2020[18] Revenue Segmentation - The swimwear and apparel segment generated revenue of approximately HKD 14,167,000 for the period, down from HKD 40,263,000 for the nine months ended March 31, 2020, resulting in a gross loss of HKD 307,000 compared to a gross profit of HKD 2,472,000 in the previous period, with a gross loss margin of 2% versus a gross profit margin of 6%[37] - The trade and online shopping segment reported revenue of approximately HKD 39,304,000, an increase from HKD 20,954,000 for the nine months ended March 31, 2020, with a gross profit of HKD 1,289,000 and a gross profit margin of 3%, down from 10% in the previous period[38] - The lending segment generated revenue and gross profit of approximately HKD 3,493,000, maintaining a gross profit margin of 100% for both periods[39] Business Operations and Strategy - The company is engaged in the production and sale of high-end swimwear and apparel products, e-commerce, and lending services, indicating a diversified business model[12] - The company has closed its production facility in Cambodia and shifted all customer orders to its production base in China to optimize production costs and meet customer demand[42] - The company plans to expand its operations in the trade and online shopping segment to capitalize on anticipated market recovery opportunities despite disruptions caused by the pandemic[42] - The company will continue to maintain and develop its lending business, allocating sufficient resources to meet business demands[42] - The management is considering business diversification when suitable opportunities arise, while optimizing the use of operational and financial resources[43] Shareholder Information - As of March 31, 2021, major shareholders include Mr. Liu with 149,074,199 shares (18.88%), JL Investments Capital Limited with 141,674,199 shares (17.94%), and Big Good Management Limited with 135,053,384 shares (17.10%) [49] - The total issued share capital as of March 31, 2021, is 789,745,615 shares, with the percentages calculated based on this figure [51] - Mr. Liu is deemed to have an interest in shares held by JL Investments, which he fully owns, while Mr. Ma is deemed to have an interest in shares held by Big Good, which he fully owns [51] - Big Good holds 249,225,166 shares, representing 31.56% of the issued share capital [50] - The company did not repurchase any shares during the reporting period and did not buy or sell any shares through its subsidiaries [55] Corporate Governance - The company’s financial statements are prepared in accordance with the GEM Listing Rules, ensuring compliance with applicable disclosure requirements[13] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules [58] - There are no known conflicts of interest among directors, major shareholders, and management regarding the company's business [56] - The company has adhered to the corporate governance code, except for specific provisions regarding the appointment of non-executive directors [56] - The company is committed to maintaining high standards of corporate governance [56] - The audit committee has reviewed the unaudited performance of the group for the nine months ending March 31, 2021 [56] Taxation - The company did not incur any taxable profits during the reporting period, thus no provision for Hong Kong profits tax was required[20] Share Options - As of March 31, 2021, there were no unexercised share options under the new share option plan initiated on November 28, 2017[45] - There were no significant contingent liabilities as of March 31, 2021, consistent with the previous year[41]
荟萃国际(控股)(08041) - 2021 Q3 - 季度财报