Financial Performance - For the nine months ended December 31, 2019, the group recorded a revenue of approximately HKD 15.4 million, a decrease of about HKD 17.3 million or 11% compared to the same period in 2018[6]. - The loss attributable to the owners of the company for the nine months ended December 31, 2019, was approximately HKD 28.4 million[6]. - The gross loss for the nine months ended December 31, 2019, was approximately HKD 12.8 million, compared to a gross loss of HKD 10.9 million for the same period in 2018[8]. - The basic and diluted loss per share attributable to the owners of the company was HKD 1.30 for the nine months ended December 31, 2019[8]. - The total comprehensive loss for the nine months ended December 31, 2019, was approximately HKD 27.8 million[10]. - The company reported a net financing cost of approximately HKD 12.3 million for the nine months ended December 31, 2019[8]. - The company experienced a foreign exchange loss of approximately HKD 269,000 during the nine months ended December 31, 2019[10]. - The total expenses for the period amounted to approximately HKD 27.8 million, compared to HKD 67.1 million for the same period in 2018[10]. - The company recorded a loss of HKD 10.3 million for the three months ended December 31, 2019, compared to a loss of HKD 7.8 million for the same period in 2018[10]. - The company reported a total revenue of 184,403 thousand HKD for the period ending December 31, 2019, with a net loss attributable to shareholders of 7,614 thousand HKD[15]. - The total comprehensive income for the period was a loss of 27,874 thousand HKD, reflecting a significant decrease compared to previous periods[15]. - The company has a cumulative loss of 406,309 thousand HKD as of December 31, 2019[15]. - The company recorded a net debt position as of December 31, 2019, indicating significant uncertainty regarding its ability to continue as a going concern[28]. - The group recorded a loss of approximately HKD 28.4 million for the period, compared to a loss of HKD 28.8 million in the previous period, with a basic and diluted loss per share of HKD 0.77, down from HKD 1.3 in the previous period[59]. Revenue Breakdown - For the nine months ended December 31, 2019, the revenue from digital television services was HKD 15,000,000, a decrease of 4.4% compared to HKD 15,695,000 for the same period in 2018[32]. - The revenue from loan business for the nine months ended December 31, 2019, was HKD 381,000, an increase of 19.4% compared to HKD 319,000 for the same period in 2018[32]. - The digital television business generated revenue of approximately HKD 15.0 million, down from approximately HKD 15.7 million in the previous period[49]. - The lending business recorded revenue of approximately HKD 381,000, an increase from approximately HKD 319,000 in the previous period[50]. Share Issuance and Financing - The company issued 150,000,000 shares at a subscription price of 0.10 HKD per share to repay outstanding loans of approximately 15.0 million HKD to Artic Blue Corporation[18]. - The company issued 100,000,000 shares as a result of the conversion of HKD 50,000,000 of 2018 convertible bonds at a conversion price of HKD 0.05 per share[20]. - The total amount of convertible bonds due was extended to December 31, 2020, amounting to HKD 163,000,000[28]. - The total interest paid in shares amounted to approximately HKD 3,500,000, resulting in the issuance of 70,026,297 shares at a conversion price of HKD 0.05 per share[20]. - The company reported a total of 77,638 thousand HKD in convertible bond liabilities as of December 31, 2019[15]. - The company extended the maturity date of its convertible bonds totaling 130.0 million HKD and 120.0 million HKD to December 31, 2020, with an increased interest rate of 8%[19]. Cost Management and Future Plans - The company plans to continue its market expansion efforts and explore new product development opportunities[15]. - The company plans to reduce unnecessary expenses and administrative costs to improve financial performance[29]. - The company is focused on improving its financial performance and reducing cumulative losses in the upcoming quarters[15]. - The company plans to explore fundraising activities including placements, rights issues, and public offerings[28]. - The company plans to continue strict cost control measures in future periods[57]. Governance and Compliance - The audit committee reviewed the unaudited third-quarter results for the nine months ended December 31, 2019, and confirmed compliance with applicable accounting standards and GEM listing rules[82]. - The company adhered to the corporate governance code as per GEM listing rules, except for the failure to provide 14 days' notice for all board meetings due to practical reasons[77]. - There were no competitive businesses conducted by directors, controlling shareholders, or their close associates during the nine months ended December 31, 2019[75]. - Changes in the board included the appointment of new executive and non-executive directors, with significant changes effective from April 17, 2019, and June 25, 2019[80]. Shareholder Information - Major shareholders include Enerchina Investments Limited and Uptown WW Capital Group, each holding approximately 12.42% of the shares[68]. - Kenson Investment Limited, controlled by Uptown WW Holdings Limited, holds approximately 12.42% of the shares, indicating significant ownership concentration[71]. - As of December 31, 2019, the company had issued 4,862,501,519 ordinary shares, an increase from 2,680,475,222 shares as of March 31, 2019[59]. - As of December 31, 2019, the company’s board members and senior executives held approximately 4.52% of the shares[66].
嘉鼎国际集团(08153) - 2020 Q3 - 季度财报