Financial Performance - Revenue for the nine months ended 31 March 2021 was HK$198,159,000, a decrease of 46.2% compared to HK$368,376,000 for the same period in 2020[9] - Gross profit increased to HK$27,926,000, representing a gross margin of 14.1%, compared to HK$11,409,000 in the previous year[9] - Profit for the period was HK$18,994,000, down 12.8% from HK$21,569,000 in the same period last year[10] - Total comprehensive income for the period was HK$29,240,000, compared to HK$14,847,000 for the same period in 2020[10] - Basic and diluted earnings per share attributable to owners of the Company were HK$4.52 cents, down from HK$5.14 cents in the previous year[10] - The Group's sales decreased by approximately 46.2% for the nine months ended 31 March 2021 compared to the same period last year[60] - The Group achieved operating income of approximately HK$198.2 million during the period[65] - The Group recorded a revenue of approximately HK$198.2 million for the nine months ended March 31, 2021, representing a decrease of about 46.2% compared to HK$368.4 million for the same period in 2020[71] - The cost of sales amounted to approximately HK$170.2 million for the nine months ended March 31, 2021, a decrease of about 52.3% compared to the previous year[72] - The gross profit margin increased to about 14.1% for the nine months ended March 31, 2021, up from 3.1% for the same period in 2020[73] - The Group's profit for the period was approximately HK$19.0 million for the nine months ended March 31, 2021, compared to HK$21.6 million for the same period in 2020[89] - Other income, gains, and losses, net, amounted to net gains of approximately HK$0.7 million for the nine months ended March 31, 2021, down from HK$1.3 million for the same period in 2020[78] Expenses and Cost Management - Administrative expenses decreased to HK$14,832,000 from HK$25,074,000, reflecting a reduction of 40.8%[9] - Selling and distribution expenses were reduced to HK$1,147,000 from HK$3,448,000, a decrease of 66.7%[9] - The Group's financial costs for the nine months ended March 31, 2021 totaled HK$728,000, a significant decrease from HK$3,805,000 in the same period of 2020[34] - Interest on bank borrowings decreased to HK$191,000 in 2021 from HK$698,000 in 2020, while interest on other borrowings dropped significantly from HK$2,335,000 to HK$321,000[34] - The depreciation of right-of-use assets was HK$2,152,000 for the nine months ended March 31, 2021, compared to HK$6,043,000 in the previous year[37] Equity and Share Capital - The total equity attributable to owners of the Company as of 31 March 2021 was HK$194,074,000, an increase from HK$164,834,000 at the beginning of the period[12] - The basic earnings per share attributable to owners of the Company were calculated based on 420,000,000 shares in issue during the periods[52] - The Company had 420,000,000 shares in issue as of March 31, 2021[121] - 7Road Holdings Limited holds 54,000,000 shares, representing approximately 12.86% of the company's issued share capital[126] - Shanghai Angell Asset Management Company Limited has a controlled interest of 72,497,169 shares, accounting for 17.26% of the issued share capital[129] - BOC-HFT-BOC-Overseas No.1 QDII Segregated Account holds 50,000,000 shares, which is 11.9% of the company's issued share capital[129] - Jiang Peijie and Wang Fei are beneficial owners with 29,150,000 shares (6.94%) and 40,000,000 shares (9.52%) respectively[129] Taxation and Compliance - The Group did not incur any income tax expense for the period ended March 31, 2021, as there were no assessable profits generated[40] - The PRC Enterprise Income Tax has been provided at a rate of 25% for both 2021 and 2020[43] - No income tax expense was recorded for Hong Kong profits tax for the periods ended 31 March 2021 and 2020[50] - The statutory reserve must be maintained at a minimum of 25% of capital after usage, as per the regulations in the People's Republic of China[17] - The Group's financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and comply with GEM Listing Rules[20] Strategic Focus and Future Plans - The Group will increase investments in the internet advertising market to seek new customers and revenue streams[66] - The Group is focused on optimizing customer selection to prioritize quality customers amid reduced advertising budgets due to the COVID-19 pandemic[60] - The Group will closely monitor the development of the Epidemic and assess its impact on operations[67] - The Group plans to increase investment in the internet advertising market to expand new customer bases and revenue sources despite challenges posed by the pandemic[69] Corporate Governance and Audit - The Audit Committee reviewed the unaudited consolidated results for the nine months ended March 31, 2021, prior to recommending them to the Board for approval[143] - There were no competing business interests reported by the Directors or controlling shareholders during the nine months ended March 31, 2021[136] - The company’s financial results for the nine months ended March 31, 2021, have not been audited by the Company's auditor[145] - The company is led by Chairman and CEO Zhu Yongjun, along with executive and independent non-executive Directors[146] Borrowings and Financial Position - As of March 31, 2021, the Group's outstanding borrowings amounted to HK$7.5 million, down from HK$30.8 million as of June 30, 2020[92] - The total debt to equity ratio was approximately 3.9% as of March 31, 2021, compared to 18.7% as of June 30, 2020[93] - As of March 31, 2021, the Group had no significant capital commitments or contingent liabilities, consistent with the previous year[107][111] - The Group did not engage in any material acquisitions or disposals during the nine months ended March 31, 2021[108][112] - The Group entered into a subscription agreement to issue 84,000,000 ordinary shares at a subscription price of HK$0.25 per share, totaling HK$21,000,000[109][113] - As of March 31, 2021, the Group had no pledged bank deposits to support its banking facilities, compared to HK$5.9 million as of June 30, 2020[102][106] Foreign Exchange and Interest Rate Exposure - The Group's foreign exchange exposure was minimal, with no significant adverse effects from currency fluctuations during the reporting periods[100][104] - The Group has not entered into any interest rate hedging contracts due to relatively low current interest rates, but continues to monitor interest rate exposure closely[101][105] - As of March 31, 2021, the Group had cash deposits primarily in US dollars, Hong Kong dollars, and Renminbi[99][104] - The Group's trading transactions in Mainland China are mainly denominated in Renminbi, while those in Hong Kong and overseas are primarily in Hong Kong dollars and US dollars[100][104]
瓦普思瑞元宇宙(08093) - 2021 Q3 - 季度财报