Financial Performance - For the nine months ended December 31, 2020, the revenue was approximately HKD 25,000,000, a decrease of about 14.5% compared to HKD 29,200,000 for the same period in 2019[4] - The profit for the nine months ended December 31, 2020, was approximately HKD 2,800,000, compared to a profit of HKD 1,000,000 in 2019[4] - The basic earnings per share for the nine months ended December 31, 2020, was approximately HKD 3.54, an increase from HKD 3.32 in 2019[4] - The total comprehensive income for the nine months ended December 31, 2020, was HKD 2,666,000, compared to HKD 795,000 in 2019[10] - The company reported a net profit of HKD 1,357,000 for the nine months ended December 31, 2020, compared to a profit of HKD 473,000 in the same period of 2019[27] - The company reported a profit of approximately HKD 2,800,000 for the nine months ended December 31, 2020, compared to a profit of HKD 1,000,000 in 2019, driven by increased user numbers and effective cost control[40] Revenue Breakdown - The OTT service revenue for the nine months ended December 31, 2020, was HKD 23,747,000, compared to HKD 27,810,000 in 2019, reflecting a decrease of approximately 14.7%[19] - Professional services revenue for the nine months ended December 31, 2020, was approximately HKD 1,200,000, a decrease from HKD 1,400,000 in 2019, attributed to project delays due to COVID-19[34] - OTT services revenue for the nine months ended December 31, 2020, was approximately HKD 23,700,000, down from HKD 27,800,000 in 2019, due to government restrictions and social movements impacting operations[37] Cost and Expenses - The company’s financing costs for the nine months ended December 31, 2020, were HKD 4,752,000, down from HKD 5,393,000 in 2019[6] - The company has implemented effective cost control measures, reducing subcontractor costs from approximately HKD 24,800,000 in 2019 to about HKD 15,400,000 in 2020[40] Assets and Liabilities - The company’s total assets as of December 31, 2020, were reported at HKD 566,845,000[10] - The company has experienced significant uncertainty regarding its ability to continue as a going concern due to current liabilities exceeding current assets by approximately HKD 89,226,000[16] Shareholder Information - As of December 31, 2020, the company had 85,354,122 shares issued[42] - Major shareholders include Liu Hongzhi with 11,112,000 shares (13.02%) and Jin Li Feng Securities Limited with 8,004,000 shares (9.38%) as of December 31, 2020[48] - The company is actively seeking opportunities to attract more investors and expand its shareholder base[43] Corporate Governance - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2020, ensuring compliance with applicable accounting standards[54] - The company has adopted corporate governance practices in line with GEM Listing Rules and has complied with these rules without significant deviations[55] - The independent directors have been appointed with an annual remuneration of HKD 120,000 each, reflecting the company's commitment to governance and oversight[70] Future Outlook and Strategy - The company plans to develop OTT broadcasting channels to provide a variety of media content, anticipating a shift from traditional broadcasting to OTT platforms[38] - The company aims to leverage existing platform resources to continue developing high-quality media content in the rapidly evolving media landscape[38] - The company expects to benefit from the transition to 5G networks, anticipating an increase in user numbers due to attractive pricing and performance advantages over 4G[38] - The company has set a future outlook with a revenue guidance of HKD 150 million for the next fiscal year, indicating a projected growth of 25%[70] - New product development includes the launch of a mobile payment solution, expected to enhance user engagement and drive additional revenue streams[70] - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[70] - A strategic acquisition of a local fintech company was completed, which is anticipated to contribute an additional HKD 20 million in annual revenue[70] - The company plans to invest HKD 10 million in research and development for new technologies aimed at improving transaction security[70] - The board of directors has approved a new marketing strategy, allocating HKD 5 million to enhance brand visibility and customer acquisition efforts[70] Dividend Policy - The company did not recommend the payment of dividends for the nine months ended December 31, 2020, consistent with 2019[4] - The company did not recommend any dividend payment for the nine months ended December 31, 2020, consistent with the previous year[26] Other Information - The company has not purchased, sold, or redeemed any of its listed securities during the nine-month review period[58] - No significant acquisitions or disposals were completed during the nine months ending December 31, 2020[44] - The company did not experience any changes in stock options during the nine months ending December 31, 2020[45] - No major contracts were identified where directors had a significant interest related to the company's business as of December 31, 2020[51] - There were no changes in the rights of directors regarding securities transactions during the nine months ending December 31, 2020[57]
HMVOD视频(08103) - 2021 Q3 - 季度财报