超人智能(08176) - 2020 Q3 - 季度财报

Cover and Important Notice This section provides basic report information for Superman Intelligent Holdings Limited, highlighting its GEM listing and associated investment risks Basic Report Information This report details Superman Intelligent Holdings Limited's third-quarter performance for the nine months ended September 30, 2020, emphasizing GEM market risks - The company is Superman Intelligent Holdings Limited, stock code 8176[1] - The report covers the third quarter for the nine months ended September 30, 2020[1] - The report emphasizes that the GEM market, designed for SMEs, carries higher investment risks and market volatility[2] Financial Performance This section presents the condensed consolidated financial statements, including profit or loss, equity changes, and detailed notes on turnover, operating costs, and dividends Condensed Consolidated Financial Statements For the nine months ended September 30, 2020, the company experienced a year-on-year decline in turnover, stable operating loss, but an expanded total loss Consolidated Statement of Profit or Loss and Other Comprehensive Income Turnover for the nine months ended September 30, 2020, decreased by 17.2% to HK$47.413 million, with loss for the period expanding to HK$72.491 million Key Financial Indicators (For the nine months ended September 30) | Indicator (HK$ Thousand) | For the nine months ended September 30, 2020 | For the nine months ended September 30, 2019 | Year-on-year Change | | :--- | :--- | :--- | :--- | | Turnover | 47,413 | 57,274 | -17.2% | | Gross Profit | 17,621 | 25,809 | -31.7% | | Operating Loss | (62,160) | (61,714) | +0.7% | | Loss Before Tax | (70,400) | (63,293) | +11.2% | | Loss for the Period | (72,491) | (65,217) | +11.2% | | Loss Attributable to Owners of the Company | (63,642) | (70,008) | -9.1% | | Total Comprehensive Expenses for the Period | (78,423) | (65,048) | +20.6% | - Basic and diluted loss per share increased to 14.3 HK cents from 12.8 HK cents in the prior year[6][19] Consolidated Statement of Changes in Equity As of September 30, 2020, total equity decreased to approximately HK$122 million from HK$186 million, primarily due to the period's comprehensive expenses - As of September 30, 2020, the company's total equity was HK$121,593 thousand[8] - The primary reason for the decrease in equity was total comprehensive expenses of HK$78,423 thousand for the period[8] Notes to the Financial Statements Notes reveal the company's core engineering and beauty businesses, with beauty significantly impacted by the pandemic, while engineering grew; no dividends were declared Company Information and Business Incorporated in Bermuda, the company is an investment holding entity with subsidiaries focused on engineering and beauty product/service businesses - The company's principal businesses are divided into two main segments: engineering and beauty[10] Turnover Analysis Total turnover for the nine months ended September 30, 2020, was HK$47.413 million, with beauty segment revenue significantly declining while engineering revenue grew Turnover Composition (For the nine months ended September 30) | Business Segment (HK$ Thousand) | For the nine months ended September 30, 2020 | For the nine months ended September 30, 2019 | Year-on-year Change | | :--- | :--- | :--- | :--- | | Sales of Beauty Products | 847 | 2,003 | -57.7% | | Provision of Treatment Services | 27,109 | 40,628 | -33.3% | | Total Beauty Business | 27,956 | 42,631 | -34.4% | | Provision of Engineering Products and Related Services | 19,457 | 14,643 | +32.9% | | Total | 47,413 | 57,274 | -17.2% | Operating Loss and Cost Analysis Operating loss for the nine months ended September 30, 2020, was HK$62,160 thousand, primarily driven by staff costs and depreciation of right-of-use assets Key Deductions for Operating Loss (For the nine months ended September 30) | Key Deduction Item (HK$ Thousand) | For the nine months ended September 30, 2020 | For the nine months ended September 30, 2019 | | :--- | :--- | :--- | | Depreciation of Property, Plant and Equipment | 4,249 | 5,787 | | Depreciation of Right-of-Use Assets | 8,907 | 6,885 | | Staff Costs (including Directors' Emoluments) | 34,627 | 30,091 | Dividends and Loss Per Share The Board recommended no dividends for the period, with basic loss per share calculated based on the period's loss attributable to owners and weighted average shares - The Board does not recommend the payment of any dividend for the period[18] - Basic loss per share was 14.3 HK cents, calculated based on a loss attributable to owners of HK$63,642 thousand and 506,219,996 weighted average issued shares[6][19] Management Discussion and Analysis This section reviews the business and financial performance, discusses the outlook for the robotics and beauty segments, and details the use of proceeds from a prior share issuance Business and Financial Review COVID-19 significantly impacted beauty business revenue, causing a 17.2% group turnover decline, while engineering revenue grew 32.9%; overall gross margin fell, but expense control mitigated loss expansion - COVID-19 led to a significant decline in beauty business revenue: sales of beauty products decreased by 57.7%, and revenue from providing treatment services decreased by 33.3%[22] - Engineering business revenue grew against the trend by approximately 32.9%, contributing about HK$19.5 million to total revenue[22] Overview of Financial Performance for the First Nine Months of 2020 | Financial Indicator | For the nine months ended September 30, 2020 | For the nine months ended September 30, 2019 | | :--- | :--- | :--- | | Turnover | Approx. HK$47.4 million | Approx. HK$57.3 million | | Gross Profit Margin | Approx. 37.2% | Approx. 45.1% | | Selling and Distribution Costs | Approx. HK$8.7 million | Approx. HK$12.5 million | | Administrative Expenses | Approx. HK$75.3 million | Approx. HK$79.3 million | | Loss for the Period | Approx. HK$72.5 million | Approx. HK$65.2 million | Business Outlook The company is optimistic about the robotics industry's future, driven by 5G and smart manufacturing, but remains pessimistic about the beauty business due to pandemic and local social impacts - The company is optimistic about the robotics industry, especially service and security robots, believing that the integration of 5G, AI, and cloud computing will be future growth drivers[29][32] - The pandemic has accelerated the application of robots in healthcare and security, with the development of a contactless economy acting as a catalyst for the industry[32] - The Board anticipates a pessimistic outlook for the Group's beauty business, affected by ongoing social conflicts and economic downturn in Hong Kong[33] Use of Proceeds from Share Issuance The company detailed the use of HK$130 million from a 2017 share issuance, with HK$11.7 million for factory construction remaining unused and its utilization period extended due to COVID-19 Use of Proceeds from 2017 Share Issuance (As of September 30, 2020) | Intended Use | Net Proceeds (HK$ Million) | Total Amount Used (HK$ Million) | Balance (HK$ Million) | | :--- | :--- | :--- | :--- | | Construction of Production Facilities | 50.0 | 38.3 | 11.7 | | General Working Capital | 80.0 | 80.0 | — | | Total | 130.0 | 118.3 | 11.7 | - The utilization period for the remaining HK$11.7 million has been extended due to COVID-19 and economic fluctuations, with use anticipated within the next 24 months[37] Corporate Governance and Shareholder Information This section outlines directors' and major shareholders' interests, details the share option scheme, and confirms compliance with corporate governance standards Directors' and Major Shareholders' Interests in Shares and Debentures This section details directors' and major shareholders' interests, with Executive Director Mr. Su Zhi Tuan holding 29.91% as the largest shareholder - Chairman and Executive Director Mr. Su Zhi Tuan is deemed to hold 151,425,197 shares, representing 29.91% of the company's issued share capital[40][41] - Other major shareholders include Rongke Holdings Group Limited (indirectly holding 25.72%) and HKBridge Absolute Return Fund, L.P. (holding 12.67%)[44] Share Option Scheme As of September 30, 2020, 2,614,325 unexercised share options were held by senior management and employees, with no changes during the period - As of September 30, 2020, there were 2,614,325 unexercised share options outstanding[54] - These share options were granted on January 3, 2017, with an exercise price of HK$8.9 and are exercisable in four tranches[56] Other Compliance and Governance Information The company's audit committee, composed of independent non-executive directors, reviewed quarterly results, and the company complied with GEM Listing Rules' corporate governance code - The company has established an audit committee, comprising three independent non-executive directors, which has reviewed the quarterly results[59] - The company has complied with the code provisions of the Corporate Governance Code throughout the third quarter of 2020[61] - During the reporting period, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[58]