Financial Performance - The company recorded unaudited revenue of approximately HKD 44,800,000 for the nine months ended December 31, 2020, a decrease of about 3.0% compared to HKD 46,200,000 for the same period in 2019[6]. - Other income decreased from approximately HKD 5,200,000 for the nine months ended December 31, 2019, to approximately HKD 1,900,000 for the same period in 2020, primarily due to a one-time insurance compensation of HKD 2,500,000 in 2019[6]. - The company reported a basic underlying profit of approximately HKD 8,500,000 for the nine months ended December 31, 2020, compared to HKD 4,700,000 for the same period in 2019[7]. - The reported profit for the nine months ended December 31, 2020, was approximately HKD 1,100,000, down from HKD 4,700,000 for the same period in 2019[7]. - Basic and diluted earnings per share for the nine months ended December 31, 2020, were HKD 0.0099 and HKD 0.0098, respectively, compared to HKD 0.0050 for the same period in 2019[9]. - The company reported a profit before tax of HKD 4,208,000 for the nine months ended December 31, 2020, down from HKD 7,860,000 for the same period in 2019[12]. - The company’s total profit for the nine months ended December 31, 2020, was HKD 1,147,000, compared to HKD 4,657,000 for the same period in 2019[12]. - The profit for the period was HK$1,671,000, compared to HK$1,189,000 in the third quarter of 2020, reflecting a growth of 40.49%[16]. - The company reported a basic underlying earnings per share of HK$0.45, compared to HK$0.13 in the previous year, indicating a substantial increase of 246.15%[14]. - The company’s total comprehensive income attributable to owners was HK$9,265,000, compared to a loss of HK$3,502,000 in the same period last year[16]. Revenue and Income Sources - Total revenue for the nine months ended December 31, 2020, was HK$466,194,000, compared to HK$451,774,000 for the same period in 2019, showing a growth of 3.06%[18]. - Revenue for Q3 2021 was HKD 17,053,000, an increase from HKD 15,538,000 in Q3 2020, representing a growth of 9.7%[33]. - Corporate finance service revenue for Q3 2021 was HKD 6,912,000, compared to HKD 6,321,000 in Q3 2020, reflecting an increase of 9.3%[33]. - Rental income from investment properties for Q3 2021 was HKD 10,141,000, up from HKD 9,217,000 in Q3 2020, marking a growth of 10.0%[33]. - The total rental income from investment properties for the nine months ended December 31, 2020, was HKD 29,889,000, compared to HKD 28,374,000 in the same period of 2019, an increase of 5.3%[43]. - The company’s property investment income increased by approximately 10.0% to about HKD 10,100,000 in the third quarter of fiscal year 2021, compared to HKD 9,200,000 in the same period of fiscal year 2020[77]. Expenses and Costs - Administrative and operating expenses decreased from HKD 28,153,000 for the nine months ended December 31, 2019, to HKD 20,537,000 for the same period in 2020[12]. - Total employee costs, excluding directors' remuneration, were 2,905,000 HKD in Q3 2021, down from 3,815,000 HKD in Q3 2020, reflecting a decrease of approximately 23.8%[55]. - The company recognized other income of 457,000 HKD in Q3 2021, compared to 1,560,000 HKD in the same period last year, representing a decline of about 70.7%[47]. - The financial cost for Q3 2021 was 1,122,000 HKD, slightly down from 1,169,000 HKD in Q3 2020, showing a decrease of approximately 4%[51]. - The income tax expense for Q3 2021 totaled 733,000 HKD, compared to 362,000 HKD in Q3 2020, marking an increase of about 102%[51]. Shareholder Information - The major shareholder, Flying Castle Limited, holds 557,200,000 shares, accounting for 69.65% of the company's issued share capital[91]. - Mr. Ye is a trustee beneficiary of 557,200,000 shares, which constitutes 69.65% of the company's issued share capital[91]. - The total shares held by major shareholders and related parties indicate a significant concentration of ownership within the company[91]. - The company has not engaged in any arrangements allowing directors or executives to benefit from purchasing shares during the nine months ending December 31, 2020[89]. - The company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests and holdings[88]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the group's unaudited consolidated results for the nine months ended December 31, 2020[110]. - The company confirmed compliance with the corporate governance code during the nine months ended December 31, 2020[105]. - The company has not provided any advances to any entities or associated companies as per GEM listing rules[105]. - The main shareholders have not pledged any shares held in the company as of December 31, 2020[105]. Market Outlook and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[17]. - The company anticipates a weak IPO market for small and medium-sized enterprises in Hong Kong, which may lead to lower income contributions from IPO sponsorship activities[81]. - The overall vacancy rate for Grade A office space in Hong Kong increased from 6.0% in December 2019 to 8.9% in December 2020, with average monthly rents decreasing by 18.9% during the same period[82]. - The company expects the residential occupancy rate in Japan to remain stable unless other adverse events occur, while maintaining vigilance towards potential market changes[83].
浩德控股(08149) - 2021 Q3 - 季度财报