Financial Performance - The company recorded unaudited revenue of approximately HKD 46,200,000 for the nine months ended December 31, 2019, a decrease of about 21.0% compared to approximately HKD 58,500,000 for the same period in 2018[4] - The group reported a basic net profit of approximately HKD 4,700,000 for the nine months ended December 31, 2019, down from approximately HKD 10,300,000 for the same period in 2018, indicating a significant decline in profitability[4] - Basic and diluted earnings per share for the nine months ended December 31, 2019, were HKD 0.50 and HKD 0.49 respectively, compared to HKD 1.21 for the same period in 2018[5] - The group reported a pre-tax profit of HKD 2,025,000 for the third quarter of the fiscal year 2020, a decrease from HKD 7,374,000 in the same quarter of the previous year[9] - The total comprehensive income attributable to owners of the company for the third quarter of the fiscal year 2020 was HKD 1,025,000, down from HKD 5,797,000 in the same quarter of the previous year[9] - The company reported a profit of HKD 1,189,000 for the third quarter of the fiscal year 2020, a significant decrease of 80.4% compared to HKD 6,056,000 in the same quarter of the previous year[13] - Total comprehensive income for the third quarter was HKD (3,488,000), down from HKD 17,751,000 year-over-year, indicating a decline of 119.7%[13] - The company reported a basic underlying profit of HKD 1,025,000 for the third quarter, compared to HKD 5,797,000 in the same period last year[62] Revenue Sources - The company experienced a significant reduction in income from corporate financing services, which contributed to the decline in profitability[4] - For the third quarter of the fiscal year 2020, the company reported revenue from corporate finance services of HKD 6,321,000, a decrease of 45.6% compared to HKD 11,604,000 in the same period of the previous year[34] - Total revenue for the third quarter of fiscal year 2020 was HKD 15,538,000, down 25.0% from HKD 20,671,000 in the same quarter of the previous year[34] - Revenue from corporate finance services decreased by approximately 45.5% in the third quarter of the fiscal year 2020, dropping from about HKD 9,500,000 in the previous year to approximately HKD 3,700,000[71] - Property investment revenue increased by approximately 1.7% to about HKD 9,200,000 in the third quarter of the fiscal year 2020, compared to HKD 9,100,000 in the same period of the previous year[73] Expenses and Costs - The group’s administrative and operating expenses for the nine months ended December 31, 2019, were HKD 28,153,000, compared to HKD 32,043,000 for the same period in 2018, indicating a reduction in costs[9] - The company’s financial costs for the nine months ended December 31, 2019, were HKD 3,569,000, down from HKD 4,194,000 for the same period in 2018, reflecting improved financial management[9] - Total employee costs, excluding directors' remuneration, amounted to HKD 3,815,000, an increase of 6.9% from HKD 3,569,000 in the same quarter last year[53] - The company reported a net other income and expenses of HKD (4,379,000) for Q3 2020, compared to HKD (4,504,000) in Q3 2019[41] - Interest expenses for Q3 2020 amounted to HKD (1,171,000), a decrease from HKD (1,361,000) in Q3 2019[47] Shareholder Information - As of December 31, 2019, Mr. Ye holds 559,700,000 shares, representing approximately 70.0% of the company's issued share capital[80] - Mr. Zeng and Ms. Leung hold 22,400,000 shares and 9,400,000 shares respectively, accounting for 2.8% and 1.2% of the company's issued share capital[80] - KHHL, through its wholly-owned subsidiary Flying Castle Limited, is deemed to own 557,200,000 shares, which is approximately 69.7% of the company's issued share capital[82] - The total beneficial ownership of Mr. Ye, including trust and spouse interests, amounts to 557,200,000 shares, which is approximately 69.7%[89] - Yuanta Asia Investment Limited holds 44,250,000 shares, representing 5.5% of the company's issued share capital[89] Corporate Governance - The company has complied with corporate governance codes as per GEM listing rules during the nine months ended December 31, 2019[102] - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting[108] - The audit committee confirmed that the unaudited consolidated performance for the nine months ending December 31, 2019, complied with applicable accounting principles and regulations[109] - The board of directors includes three executive directors and three independent non-executive directors, ensuring a balanced governance structure[110] Market Conditions and Future Outlook - The company’s financial performance reflects a challenging market environment, particularly in corporate finance services, which saw a significant decline in revenue[34] - The company anticipates that the corporate finance advisory business will continue to experience a slow trend in the coming months due to ongoing market volatility and uncertainties related to the Covid-19 pandemic[75] - The company plans to continue expanding and diversifying its property investment portfolio despite the negative impacts of the ongoing Covid-19 pandemic on the Hong Kong property market[77] - The company expects that the valuation of its property investment portfolio, particularly in Hong Kong, may be adversely affected due to the ongoing economic disruptions caused by Covid-19[77] Capital and Financing - The company has secured revolving loan financing of HKD 47,650,000 from Hang Seng Bank and HKD 60,000,000 from Dah Sing Bank for investment and operational purposes[107] - The company has not engaged in any arrangements that would allow directors or senior management to benefit from purchasing shares or related securities within the nine months ending December 31, 2019[87] - The company maintained a public float in compliance with GEM listing rules as of December 31, 2019[95] Other Information - The company has not reported any new product launches or significant market expansion strategies during this period[20] - The company has not granted any share options under the share option scheme as of December 31, 2019[100] - The company repurchased 1,340,000 shares at a total cost of approximately HKD 400,000 as of December 31, 2019[59] - The company repurchased an additional 690,000 ordinary shares after the nine-month period, totaling 2,030,000 shares repurchased[96]
浩德控股(08149) - 2020 Q3 - 季度财报