Financial Performance - The Group reported revenue of HK$1,335,991,000 for the nine months ended September 30, 2021, compared to HK$607,292,000 for the same period in 2020, representing an increase of approximately 120%[11]. - The loss for the period was HK$93,424,000 for the nine months ended September 30, 2021, compared to a loss of HK$85,147,000 for the same period in 2020, indicating a slight increase in losses[13]. - The Group's total comprehensive expense for the period was HK$120,665,000 for the nine months ended September 30, 2021, compared to HK$90,838,000 for the same period in 2020, reflecting an increase of approximately 33%[15]. - Basic and diluted loss per share was HK$1.19 for the nine months ended September 30, 2021, compared to HK$1.05 for the same period in 2020, indicating a deterioration in per-share performance[15]. - The Group's total comprehensive expense attributable to shareholders was HK$91,634,000 for the nine months ended September 30, 2021, compared to HK$61,734,000 for the same period in 2020, indicating an increase of approximately 48%[15]. - The Group reported a loss attributable to shareholders of approximately HK$93,424,000 for the nine months ended 30 September 2021, compared to a loss of HK$85,147,000 in the same period of 2020, representing an increase in loss of approximately 3.5%[41]. - The total comprehensive loss for the period was approximately HK$120,665,000, compared to HK$90,838,000 in the previous year[41]. Revenue Breakdown - Total revenue, other income, and gains for the nine months ended 30 September 2021 reached HK$1,347,375,000, a significant increase from HK$618,563,000 in the same period of 2020, representing a growth of approximately 117.5%[22]. - Revenue from IT contract services and maintenance services amounted to HK$1,206,212,000 for the nine months ended 30 September 2021, compared to HK$580,694,000 in 2020, reflecting a growth of about 107.5%[22]. - Revenue from hospitality and related services was HK$95,917,000 for the nine months ended 30 September 2021, with no revenue reported in the same period of 2020[22]. - Loan interest income for the nine months ended 30 September 2021 was HK$5,395,000, compared to HK$1,059,000 in 2020, indicating a substantial increase[22]. - The company reported a total of HK$11,384,000 in other income and gains for the nine months ended 30 September 2021, slightly up from HK$11,271,000 in 2020[22]. Expenses and Costs - The Group incurred finance costs of HK$10,485,000 for the nine months ended September 30, 2021, down from HK$21,637,000 in the same period of 2020, showing a reduction of approximately 52%[13]. - The Group's administrative expenses were HK$212,603,000 for the nine months ended September 30, 2021, compared to HK$140,871,000 for the same period in 2020, representing an increase of approximately 51%[13]. - The Group incurred substantial human resources costs to retain existing employees and recruit new staff due to increased service demand, leading to a growth in salaries and benefits that outpaced revenue growth[47]. Investment and Financial Assets - The fair value losses on financial assets at fair value through profit or loss were HK$147,000 for the nine months ended September 30, 2021, compared to losses of HK$9,675,000 in the same period of 2020, indicating a significant improvement[13]. - The Group recorded fair value losses on financial assets at FVTOCI of approximately HK$33,179,000 for the nine months ended September 30, 2021, compared to HK$4,969,000 in 2020[77]. - The Group's investment portfolio mainly comprised securities issued by listed companies as of September 30, 2021[77]. - The Group aims to optimize returns from its investment portfolios and create value for shareholders[79]. Corporate Governance and Compliance - The Group's unaudited condensed consolidated results for the nine months ended 30 September 2021 have been reviewed by the Audit Committee, confirming compliance with applicable accounting standards and GEM Listing Rules[145]. - The Company has adopted a code of conduct regarding Directors' securities transactions, with no non-compliance reported during the review period[138]. - The Audit Committee consists of four independent non-executive Directors as of the date of the report, ensuring effective oversight of financial reporting and internal controls[143]. - The Company has complied with the Corporate Governance Code provisions during the nine months ended 30 September 2021, promoting transparency and quality of disclosure[140]. Business Operations and Strategy - The Group's principal activities include mobile internet cultural business, IT services, hospitality services in Australia, money lending, and asset investments[40]. - The Group commenced retail commerce through network media after acquiring 51% of TNG Indonesia Holdings Limited for US$1,000,000 (approximately HK$7,800,000) on 9 March 2021[48]. - The Group is actively exploring investment opportunities to diversify its business, including the operation of retail commerce through network media after acquiring 51% of TNG Holdings[113]. - The Group is also looking into developing and operating microlending FinTech platforms in Hong Kong and Southeast Asia, including Indonesia, to further diversify its business[115]. Impact of COVID-19 - The Group's operations were impacted by multiple lockdowns throughout 2021, including a sixth lockdown announced on August 5, 2021[66]. - The Group plans to adapt to ongoing restrictions for unvaccinated individuals expected to continue throughout 2022[66]. - Domestic tourism demand in Regional Victoria increased since Q1 2021, despite the five-day lockdown in February 2021[66]. Shareholder Information - As of September 30, 2021, Mr. Ng holds 763,780,000 ordinary shares, representing approximately 14.31% of the total issued shares[118]. - The total issued shares as of September 30, 2021, is 5,336,235,108 shares[118]. - The maximum number of shares that may be issued under the existing share option scheme is 533,623,510 shares, representing approximately 10% of the issued share capital[122].
恒泰裕集团(08081) - 2021 Q3 - 季度财报