Financial Performance - The company's revenue for the nine months ended December 31, 2020, was approximately HKD 94,505,000, representing an increase of about 20.84% compared to HKD 78,183,000 for the same period in 2019[5] - The gross profit for the three months ended December 31, 2020, was HKD 17,606,000, compared to HKD 15,593,000 for the same period in 2019, indicating a growth in profitability[7] - The company reported a loss attributable to shareholders of HKD 26,479,000 for the nine months ended December 31, 2020, compared to a loss of HKD 34,404,000 for the same period in 2019, indicating a reduction in losses by 23.2%[26] - The company reported a basic and diluted loss per share of HKD 8.51 for the three months ended December 31, 2020, compared to HKD 13.78 for the same period in 2019[7] - The expected credit loss provision for loans and advances to customers was HKD (23,563,000) for the three months ended December 31, 2020, compared to HKD (35,031,000) for the same period in 2019, indicating a reduction in credit losses[7] Revenue Sources - Revenue from lending activities for the nine months ended December 31, 2020, was HKD 29,847,000, down from HKD 36,970,000 in the same period of 2019[16] - Revenue from retail and wholesale of grocery products, cash vouchers, and restaurant operations for the nine months ended December 31, 2020, was HKD 64,658,000, up from HKD 41,213,000 in the same period of 2019[16] - The lending business generated revenue of approximately HKD 29.8 million during the nine-month period, with expectations for sustainable income in the future[42] - The retail and wholesale segment reported revenue of approximately HKD 64.7 million for the nine-month period, representing a significant increase of 57.04% year-on-year[43] Dividend and Shareholder Information - The company did not recommend the distribution of dividends for the nine months ended December 31, 2020, consistent with the previous year[5] - The company did not recommend any dividend payment for the nine months ended December 31, 2020, consistent with the previous year[24] - As of December 31, 2020, Mr. Lo Ka-ki held 2,185,000 shares, representing approximately 0.91% of the company's issued share capital[50] - The company has issued a total of 239,382,113 shares, with Rich Treasure Group Limited holding approximately 34.23% of the shares[53] Corporate Governance - The audit committee has reviewed the unaudited consolidated results for the nine months ending December 31, 2020, and confirmed compliance with applicable accounting standards[62] - The company has established a remuneration committee responsible for reviewing and formulating the remuneration policy for directors and senior management based on operational performance and market practices[63] - The company has complied with the corporate governance code throughout the nine-month period, with a noted deviation from guideline A.2.1[59] - The board of directors consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[67] - The company has established a nomination committee to review and recommend changes to the board of directors[64] - The company has confirmed that all directors have adhered to the trading standards throughout the reporting period[58] Business Strategy and Market Conditions - The company continues to focus on its lending business and retail operations as its primary revenue sources[11] - The company has been developing its own brand products since 2015, including various food series to meet changing customer demands[38] - The COVID-19 pandemic has shifted consumer behavior from physical shopping to online shopping, potentially benefiting the company's online retail business[39] - The company is adopting a cautious approach to manage its business segments to mitigate market risks and enhance returns for shareholders[49] - The company has established a broad and solid customer base in the lending business, which has been active for over eight years[42] - The company is focusing on providing ready-to-eat food products to the public through its retail operations[43] Other Financial Information - The company recorded other income of HKD 32,619,000 for the three months ended December 31, 2020, up from HKD 27,164,000 in the same period of 2019, reflecting an increase of 12.5%[18] - The company did not incur any tax provision for Hong Kong profits tax for the nine months ended December 31, 2020, as there were no assessable profits[23] - The company reported a net foreign exchange loss of HKD 44,000 for the nine months ended December 31, 2020, compared to a loss of HKD 26,000 in the same period of 2019[18] - The company’s financial assets recorded a fair value gain of HKD 2,426,000 for the nine months ended December 31, 2020, compared to a gain of HKD 482,000 in the same period of 2019[18] - The company has not granted any share options under the new share option scheme as of December 31, 2020, and 385,000 share options have lapsed[31] - The company did not provide any corporate guarantees to third parties as of December 31, 2020, except for the performance guarantee related to a joint venture[33] - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the nine months ending December 31, 2020[55]
仍志集团控股(08079) - 2021 Q3 - 季度财报