Financial Performance - For the nine months ended December 31, 2019, the revenue was approximately HKD 29,200,000, a decrease of about 85.2% compared to the same period in 2018[4]. - The profit for the nine months ended December 31, 2019, was approximately HKD 1,010,000, compared to a loss of HKD 740,000 in 2018[4]. - The basic earnings per share from continuing and discontinued operations for the nine months ended December 31, 2019, was approximately HKD 0.33, down from HKD 0.47 in 2018[4]. - The revenue for the three months ended December 31, 2019, was HKD 8,457,000, compared to HKD 14,416,000 in the same period of 2018[6]. - The total comprehensive income for the nine months ended December 31, 2019, was HKD 795,000, compared to HKD 5,441,000 in 2018[8]. - The total revenue from continuing operations for the nine months ended December 31, 2019, was HKD 29,206,000, down from HKD 197,377,000 in 2018[6]. - The total revenue for the nine months ended December 31, 2019, was HKD 29,206,000, a decrease of 32.5% compared to HKD 43,274,000 for the same period in 2018[17]. - The OTT service revenue for the nine months ended December 31, 2019, was HKD 27,810,000, down from HKD 40,276,000 in the previous year, representing a decline of 30.9%[17]. - The company recorded a loss of HKD 3,741,000 attributable to owners for the three months ended December 31, 2019, compared to a profit of HKD 4,153,000 in 2018[8]. - The company reported a basic and diluted loss per share of HKD 2.63 for the three months ended December 31, 2019, compared to earnings of HKD 2.92 in 2018[8]. - For the nine months ended December 31, 2019, the company reported a loss attributable to owners of the company of HKD 2,858,000, compared to a profit of HKD 473,000 for the same period in 2018[49]. Operating Expenses and Income - The total operating expenses for the nine months ended December 31, 2019, were HKD 16,520,000, compared to HKD 49,670,000 for the same period in 2018, reflecting a reduction of 66.8%[27]. - Interest income from short-term loans for the nine months ended December 31, 2019, was HKD 3,784,000, down from HKD 9,303,000 in 2018, a decrease of 59.3%[25]. - The company’s employee costs for the nine months ended December 31, 2019, were HKD 4,821,000, a decrease of 36.5% from HKD 7,625,000 in 2018[30]. - Interest income from the lending business for the nine months ended December 31, 2019, was approximately HKD 8,000, down from HKD 68,000 for the same period in 2018, also due to uncertainties from social movements in Hong Kong[59]. - The financing costs for continuing operations decreased by approximately 71.0% to about HKD 5,400,000, down from HKD 18,600,000 in the same period of 2018[63]. Dividends and Shareholder Information - The company does not recommend the payment of dividends for the nine months ended December 31, 2019, consistent with no dividends in 2018[4]. - The company does not recommend the payment of any dividend for the nine months ended December 31, 2019, consistent with no dividends paid in 2018[32]. - As of December 31, 2019, the company had not issued any equity securities for cash[64]. - The group is focused on expanding its shareholder base and improving fundraising flexibility[65]. - Bayan Invest Limited holds approximately 5.86% of the company's shares, totaling 8,334,000 shares as of December 31, 2019[70]. Corporate Governance and Management - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15 and confirms compliance without significant deviations as of December 31, 2019[77]. - All directors have confirmed adherence to the trading standards set forth in GEM Listing Rules from the period ending December 31, 2019, with no violations reported[79]. - The board of directors includes a mix of executive and independent non-executive members, ensuring diverse governance[88]. - Mr. He Dongyu and Mr. Hou Zunzhong were appointed as executive directors effective October 16, 2019[81]. - Mr. He has extensive experience in film production and has been involved in various independent Chinese film projects since 2010[82]. - Mr. Hou is a founding partner of a fund currently rated at five times return and has held various significant positions in investment and technology associations[83]. - Both Mr. He and Mr. Hou are entitled to an annual director's fee of HKD 120,000, with a service contract for an initial term of three years[85]. - On October 16, 2019, Mr. Ruan Guantong resigned as an executive director of the company[87]. - There are no disclosures required under GEM Listing Rules regarding any matters involving the directors[86]. Strategic Focus and Services - The company strategically expanded its professional services in network security services and solutions, focusing on risk management and security assessments[53]. - The company’s professional services team provides a range of high-tech services, including penetration testing and DDoS protection, to enhance cybersecurity measures[54]. - The company aims to assist clients in maintaining a healthy IT environment through managed IT and security services, covering various IT assets[58]. - The company’s strategy includes a focus on cybersecurity solutions to address the primary security risks faced by clients[57].
HMVOD视频(08103) - 2020 Q3 - 季度财报