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中国海洋发展(08047) - 2021 Q3 - 季度财报
CHINA OCEAN GPCHINA OCEAN GP(HK:08047)2021-02-11 08:39

Financial Performance - The group's revenue for the nine months ended December 31, 2020, was approximately HKD 475.63 million, a decrease of 23.9% compared to HKD 624.84 million in the same period of 2019[5]. - The group reported a loss of approximately HKD 7.52 million for the nine months ended December 31, 2020, compared to a profit of HKD 18.09 million in the same period of 2019[7]. - The basic loss per share for the nine months ended December 31, 2020, was HKD (0.13) cents, down from HKD 0.43 cents in the same period of 2019[5]. - Gross profit for the nine months ended December 31, 2020, was HKD 36.26 million, a decline of 41.7% from HKD 62.12 million in the same period of 2019[7]. - The group reported a net loss attributable to shareholders of HKD (5,417,000) for the nine months ended December 31, 2020, compared to a profit of HKD 18,247,000 in the same period of 2019[40]. - The group's revenue decreased to approximately HKD 475,627,000, down from HKD 624,835,000 in the same period last year, primarily due to the impact of COVID-19 and related preventive measures[57]. - Gross profit decreased to approximately HKD 36,263,000 from HKD 62,123,000 in the same period last year, resulting in a gross margin decline from 9.9% to 7.6%[59]. - The loss attributable to equity holders was approximately HKD 5,417,000, compared to a profit of HKD 18,247,000 in the same period last year[59]. Revenue Sources - Revenue from supply chain management services was HKD 472,899,000, down 22.0% from HKD 606,200,000 in the previous year[33]. - The total revenue from the seafood supply chain business was approximately HKD 472,899,000, compared to HKD 606,200,000 in 2019, while the fishing business contributed approximately HKD 2,708,000 to total revenue[57]. Expenses and Costs - Administrative expenses decreased to HKD 24.34 million from HKD 35.04 million in the same period of 2019, reflecting a reduction of 30.4%[7]. - Financing costs increased to HKD 19.98 million from HKD 17.21 million in the same period of 2019, representing an increase of 10.3%[7]. - Total employee costs (excluding directors' remuneration) for the period were approximately HKD 8,751,000, down from HKD 9,079,000 in the same period of 2019[72]. Dividends and Shareholder Information - The group did not recommend any dividend payment for the period, consistent with the previous year[5]. - The group has not recommended any dividends for the nine months ended December 31, 2020, consistent with the previous year[49]. - As of December 31, 2020, major shareholder Liu Yi holds 724,292,000 shares, representing approximately 15.37% of the issued share capital[78]. Corporate Governance - The company has adopted a code of conduct for securities trading, with no known violations by directors during the period[89]. - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[90]. - The group will continue to review its corporate governance structure for potential changes[90]. - The Audit Committee was established in October 2001 and consists of three independent non-executive directors as of December 31, 2020[92]. - The Audit Committee reviewed the unaudited financial statements for the period and confirmed compliance with appropriate accounting standards and GEM listing rules[92]. Future Plans and Strategies - The group aims to enhance its supply chain management services and explore new market opportunities in the coming quarters[28]. - The company continues to focus on its core business of investment holding and marine fishing, with plans for strategic expansion[28]. - The group continues to focus on supply chain management services, leveraging its financial strength to establish strategic partnerships in response to the high demand for such services in mainland China[55]. - The management will continue to seek investment and business opportunities to expand revenue sources and enhance shareholder value, particularly in the deep-sea fishing business[60]. Assets and Liabilities - As of December 31, 2020, total assets were approximately HKD 1,854,714,000, an increase from HKD 1,716,622,000 as of March 31, 2020[61]. - The debt-to-asset ratio was approximately 4.40% as of December 31, 2020, compared to 2.15% as of March 31, 2020, with total bank borrowings amounting to HKD 81,488,000[63]. Staffing and Employment - As of December 31, 2020, the group employed 67 staff members, a decrease from 82 staff members as of December 31, 2019[72].