Financial Performance - For the three months ended September 30, 2021, the company reported revenue of HKD 3,293,000, a decrease from HKD 6,991,000 in the same period of 2020, representing a decline of approximately 52.8%[5] - The gross profit for the three months ended September 30, 2021, was HKD 1,185,000, down from HKD 2,788,000 in the same period of 2020, reflecting a decrease of about 57.5%[5] - The operating loss for the three months ended September 30, 2021, was HKD 13,038,000, compared to a loss of HKD 14,590,000 in the same period of 2020, indicating an improvement of approximately 10.7%[5] - The total comprehensive loss for the three months ended September 30, 2021, was HKD 24,154,000, compared to HKD 18,957,000 in the same period of 2020, representing an increase of about 27.3%[8] - For the nine months ended September 30, 2021, the company reported a total revenue of HKD 13,636,000, down from HKD 19,457,000 in the same period of 2020, a decline of approximately 30.0%[5] - The net loss attributable to the owners of the company for the nine months ended September 30, 2021, was HKD 56,945,000, compared to HKD 63,642,000 in the same period of 2020, showing a decrease of about 10.6%[8] - The total comprehensive loss for the nine months ended September 30, 2021, was HKD 79,708,000, compared to HKD 78,423,000 in the same period of 2020, reflecting a marginal increase of about 1.6%[8] - For the nine months ended September 30, 2021, the company reported a loss of HKD 56,945,000, compared to a loss of HKD 76,889,000 for the same period in 2020, representing a 25.9% improvement[13] Operational Changes - The company terminated its beauty business effective June 30, 2021, and the results of this segment have been classified as discontinued operations[16] - The company’s operational strategy includes focusing on engineering products and related services, following the cessation of its beauty business[16] Costs and Expenses - The company incurred financing costs of HKD 5,536,000 for the three months ended September 30, 2021, significantly higher than HKD 1,600,000 in the same period of 2020, an increase of approximately 245.0%[5] - Selling and distribution costs for the nine months ended September 30, 2021, were approximately HKD 5,100,000, a decrease of about 18.8% compared to HKD 6,300,000 in 2020[35] - Administrative expenses for the nine months ended September 30, 2021, were approximately HKD 40,300,000, down about 40.5% from HKD 67,700,000 in 2020[35] Shareholder Information - Major shareholders include Tai Dong New Energy Limited, holding 151,425,197 shares, representing 29.91% of the company[51] - Greater Harmony Limited holds a beneficial ownership of 30,000,000 shares, representing 5.93% of the total equity[56] - Tai Dong has an interest in 151,425,197 shares, fully owned by Mr. Su Zhi Tuan, indicating significant control over the company[57] - HKBridge Absolute, through its general partner, holds 64,148,063 shares, which is also indirectly owned by Rongke Holdings[58] - On Top Global owns 24,397,946 shares, as it is a wholly-owned subsidiary of Hong Kong Bridge High-Tech Investment Fund L.P.[59] - KE10MA Holdings has an interest in 29,286,971 shares, with ownership split between Dr. Andrew Avi Goldenberg and Ms. Aviva C Goldenberg[59] - As of September 30, 2021, the total issued shares of the company were 506,219,666[60] - The company has not repurchased any of its listed shares during the nine months ending September 30, 2021[69] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated third-quarter results for the nine months ending September 30, 2021[70] - The company has adhered to the corporate governance code as per GEM listing rules Appendix 15 throughout the nine months ending September 30, 2021[72] - The role of the Chairman and CEO is clearly defined and not held by the same individual, with Mr. Su Zhitun serving as Chairman[72] - The company is currently seeking a suitable candidate for the CEO position to comply with corporate governance standards[72] - Non-executive directors are appointed for a term of three years and are subject to re-election, ensuring rigorous governance practices[73] - The board consists of two executive directors, one non-executive director, and three independent non-executive directors as of the report date[73] Market Insights - The budget allocated for the "Internet+" action plan related to artificial intelligence is estimated at RMB 560 million[43] - The domestic intelligent robot market size reached RMB 53.59 billion in 2018, increasing by 14.4% year-on-year, and RMB 58.87 billion in 2019, with a year-on-year growth of 9.8%[43] - The expected market size for domestic robots is projected to reach RMB 81.3 billion in 2021, with a compound annual growth rate (CAGR) of 15.8% from 2021 to 2025, potentially reaching RMB 146.3 billion by 2025[43] - The integration of artificial intelligence in manufacturing is expected to achieve a CAGR of 39.7% from 2019 to 2027, with a projected market size of USD 27 billion by 2027[45] - The company anticipates that the advancement and application of robots will accelerate the commercial implementation process, particularly in sectors like finance, retail, and education[44] - The company’s AI service robots are expected to have a vast market and continue to expand in scale[44] - The government has continuously supported artificial intelligence for three years, emphasizing the development and application of big data and AI to assist in manufacturing transformation[45] - The company plans to integrate new technologies to diversify its robot products, enhancing usability and expanding into broader consumer markets[47] Losses and Impairments - The company recorded a goodwill impairment loss of approximately HKD 18,300,000 related to the termination of the beauty business[35] - The company reported a foreign exchange loss of HKD 5,367,000 for the three months ended September 30, 2021, compared to a loss of HKD 1,535,000 in the same period of 2020, indicating a deterioration of approximately 249.0%[8] - The company reported a foreign exchange gain of HKD 2,446,000 during the period, contributing positively to the overall financial results[13] - The company’s accumulated losses increased to HKD 646,654,000 as of September 30, 2021, from HKD 589,709,000 at the beginning of the year[13] - The loss attributable to shareholders for the nine months ended September 30, 2021, was approximately HKD 73,500,000, slightly reduced from HKD 73,900,000 in 2020[35]
超人智能(08176) - 2021 Q3 - 季度财报