Financial Performance - For the nine months ended September 30, 2021, the total revenue was HKD 327,154,000, a significant increase of 84.4% compared to HKD 177,435,000 for the same period in 2020[8] - Lithium battery sales contributed HKD 322,644,000 to the revenue, up from HKD 172,997,000 in the previous year, reflecting a growth of 86.5%[8] - The gross profit for the nine months ended September 30, 2021, was HKD 93,856,000, compared to HKD 37,597,000 in 2020, marking an increase of 149.5%[5] - The company reported a profit before tax of HKD 132,778,000 for the nine months ended September 30, 2021, compared to a loss of HKD 168,167,000 in the same period of 2020[5] - The net profit attributable to the owners of the company for the nine months was HKD 108,736,000, a turnaround from a loss of HKD 163,021,000 in the previous year[5] - The company reported a basic and diluted earnings per share of HKD 1.12 for the nine months ended September 30, 2021, compared to a loss per share of HKD 1.67 in the previous year[5] - Profit attributable to owners for the same period was approximately HKD 108.7 million, a significant turnaround from a loss of HKD 163 million in the previous year[36] - Gross profit for the nine months was approximately HKD 93.9 million, with a gross margin of 28.7%, up from HKD 37.6 million and a gross margin of 21.2% in the previous year[33] Foreign Exchange and Financial Costs - The company incurred a foreign exchange loss of HKD 372,671,000 for the nine months, compared to a loss of HKD 1,230,772,000 in the same period of 2020[5] - The financial costs decreased to HKD 7,474,000 from HKD 13,578,000, representing a reduction of 45.0%[10] - Financial costs decreased to approximately HKD 7.5 million from HKD 13.6 million in the previous year, attributed to loan repayments[36] Market Presence and Business Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[4] - The company has been negotiating with potential new customers in the automotive and energy storage sectors to expand its market presence[17] - The company anticipates continued high growth in the electric vehicle industry over the coming years, driven by the global shift from traditional gasoline vehicles to low and zero-emission electric vehicles[40] - The company is pursuing a cautious yet proactive approach in its business operations and development, considering mergers and acquisitions in areas such as automotive chips, electric control, and autonomous driving[40] - The company’s overall business strategy focuses on dual-track development in the electric vehicle sector and resource areas to create shareholder value[41] Investments and Projects - The total investment for the SAM project is expected to be $2.24 billion, excluding pipeline and port projects led by Lotus Brasil and the Brazilian government[26] - As of September 30, 2021, the company has invested a total of approximately $156.4 million in the SAM project, including $78 million in funding for preliminary work[23] - The company aims to obtain environmental permits (LP) by Q4 2021 to Q1 2022, with the possibility of installation permits (LI) by Q2 2023 and trial production by Q2 2026[25] - The company has not yet obtained preliminary environmental feasibility approval for the SAM iron ore project, but recent positive developments in Minas Gerais have prompted continued project advancement[40] Shareholder Information - As of September 30, 2021, the company’s major shareholder, He Xuechu, holds approximately 42.07% of the shares[44] - The total shares held by Hongqiao Capital amount to 4,065,000,000, representing 41.25% of the company[50] - Zhejiang Geely Holding Group owns 100% of Geely International (Hong Kong) Limited, which holds 18.78% of the company's issued shares[51] Compliance and Governance - The company has complied with all code provisions of the GEM Listing Rules during the nine months ending September 30, 2021[41] - The board of directors confirmed compliance with the trading standards for securities transactions during the nine months ending September 30, 2021[59] - The audit committee reviewed the unaudited performance for the nine months ending September 30, 2021, ensuring compliance with applicable accounting standards[60] - The company has established an audit committee in accordance with GEM listing rules and corporate governance codes[60]
洪桥集团(08137) - 2021 Q3 - 季度财报