Financial Performance - For the three months ended September 30, 2021, the company reported revenue of HKD 11,293,000, a decrease from HKD 15,326,000 in the same period of 2020, representing a decline of 26.5%[5] - The gross profit for the three months ended September 30, 2021, was HKD 1,289,000, down from HKD 3,937,000 in the previous year, indicating a decrease of 67.2%[5] - The company recorded a loss before tax of HKD 19,740,000 for the three months ended September 30, 2021, compared to a loss of HKD 4,512,000 in the same period of 2020, reflecting an increase in losses of 338.5%[5] - For the nine months ended September 30, 2021, the total revenue was HKD 35,560,000, compared to HKD 21,406,000 in the same period of 2020, marking an increase of 66.2%[5] - The net loss attributable to owners of the company for the nine months ended September 30, 2021, was HKD 43,152,000, compared to HKD 17,890,000 in the same period of 2020, representing an increase of 141.5%[5] - The total comprehensive loss for the three months ended September 30, 2021, was HKD (19,633,000), compared to HKD (3,606,000) in the previous year, indicating an increase of 444.5%[7] - The company reported a total comprehensive loss of HKD 43,980,000 for the period, which includes a loss of HKD 43,152,000 before tax adjustments[8] Revenue Segmentation - For the nine months ended September 30, 2021, the total revenue from external customers was HKD 35,560,000, with HKD 25,165,000 from the media and entertainment segment and HKD 10,395,000 from the cremation and funeral services segment[15] - Media and entertainment business revenue for the nine months ended September 30, 2021, was HKD 25,165,000, up 87.06% from HKD 13,453,000 in the previous year[31] - Revenue from cremation and funeral services for the nine months ended September 30, 2021, was approximately HKD 10,395,000, a 30.71% increase from HKD 7,953,000 in the prior year[32] Expenses and Liabilities - Selling, marketing, and distribution expenses for the nine months ended September 30, 2021, were approximately HKD 4,072,000, a 22.43% increase from HKD 3,326,000 in the previous year[29] - General, administrative, and other expenses for the nine months ended September 30, 2021, were approximately HKD 46,015,000, an increase of 103.80% from HKD 22,578,000 in the prior year[30] - The total liabilities as of September 30, 2021, were HKD 88,676,000, including HKD 37,852,000 from the media and entertainment segment and HKD 13,319,000 from the cremation and funeral services segment[15] Assets and Capital Expenditures - Total assets as of September 30, 2021, amounted to HKD 119,865,000, with HKD 85,655,000 attributed to the media and entertainment segment and HKD 28,580,000 to the cremation and funeral services segment[15] - Capital expenditures for the nine months were HKD 9,901,000, with HKD 8,104,000 in the media and entertainment segment and HKD 1,797,000 in the cremation and funeral services segment[15] Strategic Initiatives - The company is focused on expanding its market presence and exploring new strategies to enhance its financial performance moving forward[2] - The company is developing an integrated entertainment platform that combines online streaming content, ticketing systems, consumer products, and membership systems[33] - The company plans to develop an NFT platform to allow customers to create, share, and monetize digital assets[33] - The group will focus on high-quality entertainment projects with strong track records and commercial viability to address upcoming market challenges and seize opportunities[35] - The group will continue to explore strategic alliances and investment opportunities to enrich its investment portfolio and expand revenue sources[35] - The group will assess its existing capital resources and seek new financing sources when necessary to maintain and develop its business cost-effectively[35] Employee and Governance Information - As of September 30, 2021, the total employee cost (including director remuneration) was approximately HKD 12,471,000, an increase from HKD 8,877,000 for the same period in 2020[37] - The group has 69 employees as of September 30, 2021, compared to 58 employees as of the same date in 2020[37] - The company has complied with all corporate governance codes as stipulated by the GEM Listing Rules for the nine months ending September 30, 2021[61] - The Audit Committee has reviewed the unaudited financial performance of the group for the nine months ending September 30, 2021[64] - The company has established a written guideline for directors' securities trading, confirming compliance with the relevant regulations[55] Shareholder Information - As of September 30, 2021, the total number of shares held by directors and key executives amounted to 718,896,505 shares, representing 57.48% of the issued share capital[44] - Mr. Tang holds 287,549,682 shares, representing 22.99% of the issued share capital[52] - Mr. Zhou holds 431,346,823 shares, representing 34.49% of the issued share capital[52] - New Brilliant Investments Limited, wholly owned by Mr. Xu, holds 98,472,498 shares, representing 8.09% of the issued share capital[52] - Mr. Chen holds 97,390,000 shares, representing 11.75% of the issued share capital[52] - The total beneficial ownership of Mr. Tang, Mr. Zhou, and New Brilliant Investments Limited amounts to 718,896,505 shares, representing 57.48% of the issued share capital[52] Compliance and Reporting - The report will be published on the GEM website and the company's website for at least 7 days from the date of publication[65] - The company is committed to transparency in its financial reporting[65] - The report is part of the company's compliance with regulatory requirements[65] - The company aims to enhance shareholder value through strategic initiatives[65] - There were no purchases, sales, or redemptions of the company's listed securities during the nine months ending September 30, 2021[60] - No shares were granted under the share incentive plan as of September 30, 2021[50]
擎华控股(08082) - 2021 Q3 - 季度财报