Financial Performance - Total revenue for the third quarter of 2021 was HKD 4,213,000, a decrease of 58.1% compared to HKD 10,035,000 in the same period of 2020[7] - For the nine months ended September 30, 2021, total revenue was HKD 19,571,000, down 37.7% from HKD 31,387,000 in the same period of 2020[7] - The company reported a net loss of HKD 1,767,000 for the third quarter of 2021, an improvement from a net loss of HKD 3,007,000 in the same period of 2020[9] - The net loss for the nine months ended September 30, 2021, was HKD 11,662,000, compared to a net loss of HKD 10,567,000 in the same period of 2020[9] - Basic and diluted loss per share for the third quarter of 2021 was HKD 0.09, compared to HKD 0.16 in the same period of 2020[9] - The company reported a loss attributable to shareholders of HKD 11,662,000 for the nine months ended September 30, 2021, compared to a loss of HKD 10,601,000 in the same period of 2020, representing an increase in loss of approximately 10%[27] Revenue Breakdown - The company recognized revenue from gold and jewelry products of HKD 663,000 and from enterprise software products of HKD 3,550,000 in the third quarter of 2021[15] - Professional services generated revenue of HKD 3,239,000 in the third quarter of 2021, compared to HKD 6,876,000 in the same period of 2020[15] - Revenue for the nine months ended September 30, 2021, was HKD 19,571,000, a decrease of 38% from HKD 31,387,000 in the same period of 2020[27] - Revenue from gold and jewelry product sales was HKD 5,596,000, while revenue from enterprise software product sales increased by approximately 10% to HKD 10,736,000 compared to HKD 9,771,000 in 2020[27] - The professional services business revenue decreased by approximately 85% to HKD 3,239,000, down from HKD 21,616,000 in the previous year[27] Expenses and Costs - The company incurred professional fees of HKD 944,000 in the third quarter of 2021, down from HKD 5,323,000 in the same period of 2020[7] - Employee benefit expenses for the third quarter of 2021 were HKD 3,627,000, a decrease from HKD 4,796,000 in the same period of 2020[7] - The company recognized an inventory write-down of HKD 4,165,000 and a goodwill impairment loss of HKD 1,973,000 during the reporting period[27] Market Conditions - The gold price decreased by 11% from USD 1,943 per ounce at the beginning of the year to USD 1,728 per ounce by the end of the third quarter[29] - The GDP growth rate in China slowed to 4.9% in the third quarter of 2021, with a downward adjustment to 9.8% for the first three quarters of the year[29] - The company remains cautiously optimistic about the Chinese gold and jewelry market, expecting business improvement as customers adapt to the new normal[29] Corporate Governance - The company did not recommend an interim dividend for the nine months ended September 30, 2021, consistent with the previous year[26] - The Audit Committee reviewed the unaudited consolidated results for the nine months ended September 30, 2021, confirming compliance with applicable accounting standards[43] - The company is committed to establishing good corporate governance practices, adhering to GEM Listing Rules Appendix 15[41] - The company has established a Remuneration Committee to define its scope of authority and responsibilities[44] - The company has a Nomination Committee in place to oversee the nomination process for directors[46] - The company confirms that all directors complied with the required standards of conduct regarding securities transactions during the nine-month period[47] - The company has no known interests or short positions in any business that may significantly compete with its operations[48] Shareholding Structure - As of September 30, 2021, major shareholder Huacheng Limited holds 804,157,697 shares, representing 41.29% of the company's issued share capital[36] - As of September 30, 2021, Longjiang Heji Industrial Limited holds 143,233,151 shares, representing 7.35% of the company's issued share capital[36] - The company is controlled by Mr. Chen Yin, who wholly owns Shengyu Limited, holding 149,455,740 shares, or 7.67% of the issued share capital[36] Future Outlook - The company plans to continue exploring business opportunities that align with its core operations in the information technology products and services segment[29]
御德国际控股(08048) - 2021 Q3 - 季度财报