Financial Performance - Revenue for the nine months ended December 31, 2020, was HKD 39,129,000, a decrease of 16.5% compared to HKD 47,075,000 for the same period in 2019[10] - Gross profit for the nine months ended December 31, 2020, was HKD 19,309,000, down 23.6% from HKD 25,299,000 in the previous year[10] - Operating profit for the three months ended December 31, 2020, was HKD 926,000, a significant recovery from a loss of HKD 55,395,000 in the same period last year[10] - The company reported a net profit of HKD 6,328,000 for the nine months ended December 31, 2020, compared to a loss of HKD 52,304,000 in the previous year[10] - Basic earnings per share for the nine months ended December 31, 2020, was HKD 0.52, compared to a loss of HKD 6.21 per share in the same period last year[10] - The company recognized other income of HKD 3,672,000 for the nine months ended December 31, 2020, compared to HKD 280,000 in the previous year[10] - Administrative expenses for the nine months ended December 31, 2020, were HKD 15,320,000, a decrease from HKD 16,532,000 in the previous year[10] - The income tax expense for the nine months ended December 31, 2020, was HKD 635,000, down from HKD 1,095,000 in the same period of 2019[27] - Employee benefits expenses for the three months ended December 31, 2020, were HKD 6,797,000, a decrease of 14.7% from HKD 7,970,000 in the same period of 2019[29] - Profit before tax increased from a loss of approximately HKD 51.2 million to a profit of approximately HKD 7.0 million, an increase of about HKD 58.2 million[53] - Total comprehensive income increased from a loss of approximately HKD 52.3 million to a profit of approximately HKD 6.3 million, an increase of about HKD 58.6 million[56] Impact of COVID-19 - The impact of the COVID-19 pandemic has led to a decrease in revenue, with the company actively monitoring the situation and assessing its effects on operations[16] - The company has taken necessary measures to address the impacts of the pandemic on its business environment and financial performance[16] Acquisition and Share Capital - The company completed the acquisition of Absolute Surge Limited for a total consideration of approximately HKD 87,600,000, issuing 760,000,000 new shares at HKD 0.19 each[19] - The excess of the acquisition cost over the fair value of identifiable assets and liabilities was approximately HKD 57,302,000, recognized as listing expenses[21] - The company acquired 100% of Absolute Surge for HKD 144.4 million, issuing 760 million new shares as part of the transaction[39] - The total issued share capital as of December 31, 2020, was 1,221,052,631 shares with a par value of HKD 0.0001 per share[37] - The total number of issued shares as of December 31, 2020, was 1,221,052,631[66] Corporate Governance - The company has complied with the corporate governance code except for the separation of the roles of Chairman and CEO, which is deemed appropriate under current circumstances[81] - The audit committee has approved the unaudited condensed consolidated financial information for the nine months ended December 31, 2020, ensuring compliance with applicable accounting standards[92] - The company has established an audit committee to oversee the relationship with auditors and review financial information[90] - The audit committee consists of three independent non-executive directors, ensuring proper oversight of financial reporting[92] - The company will continue to review the appropriateness of separating the roles of Chairman and CEO based on overall circumstances[81] Shareholder Information - As of December 31, 2020, the company had a total of 854,736,842 shares held by Mr. Chan, representing a 70.00% ownership stake[64] - Whistle Up, owned by Mr. Chan, holds 854,736,842 shares, which also accounts for 70.00% of the total shares[69] - Mr. Chan is considered to have a beneficial interest in 96% of Whistle Up's shares, while Mr. Lee and Ms. Kwan hold 3% and 1%, respectively[65] Dividends and Financial Policies - The company did not declare any interim dividend for the nine months ended December 31, 2020, maintaining the same stance as in 2019[36] - The company reported a total of HKD 19 million in interim dividends declared in 2019, which was not repeated in 2020[34] - The company did not recommend any dividend payment for the nine months ended December 31, 2020[83] Operational Insights - The group aims to maintain and strengthen its market position in Hong Kong's interior design industry, despite challenges from social events and the COVID-19 pandemic[58] - The group plans to enhance brand awareness and marketing efforts, and continue recruiting talent to support future growth[58] - The company has not identified any significant matters that would severely impact its operations and financial performance after December 31, 2020[88] Other Financial Information - The company incurred finance costs of HKD 432,000 for the three months ended December 31, 2020, a decrease of 15.5% from HKD 511,000 in the same period of 2019[26] - Financial costs decreased from approximately HKD 1.6 million to approximately HKD 1.3 million, a reduction of about HKD 0.3 million or 13.2%[52] - The annual cap for rental payments to the owner under the 2021 lease agreement is set at HKD 3,132,000 for the year ending March 31, 2022[87] - The total amount payable to the owner under the previous lease agreement was HKD 3,132,000 for the year ended March 31, 2021[87] - The company did not buy or redeem any of its listed securities during the nine months ending December 31, 2020[79] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the nine months ending December 31, 2020[77] - No stock options were granted, exercised, canceled, or forfeited during the nine months ending December 31, 2020[74] - All directors confirmed compliance with the trading code for securities transactions during the nine months ending December 31, 2020[80] - There were no arrangements for directors to acquire shares or securities of the company or its affiliates during the nine months ending December 31, 2020[75] - No directors or major shareholders had any interests in businesses that may significantly compete with the company's operations as of December 31, 2020[76]
客思控股(08173) - 2021 Q3 - 季度财报