Financial Performance - For the nine months ended March 31, 2021, the Group reported revenue of HK$262,633,000, a decrease of 1% compared to HK$265,297,000 for the same period in 2020[10] - The gross profit for the nine months ended March 31, 2021, was HK$23,501,000, down 19% from HK$28,989,000 in the previous year[10] - Profit before taxation for the nine months ended March 31, 2021, was HK$18,400,000, compared to a loss of HK$14,449,000 in the same period of 2020[10] - The profit for the period attributable to owners of the Company for the nine months ended March 31, 2021, was HK$16,812,000, recovering from a loss of HK$17,362,000 in the previous year[11] - The total comprehensive income for the period was HK$19,322,000, compared to a loss of HK$17,006,000 in the same period of 2020[11] - Basic and diluted earnings per share for the nine months ended March 31, 2021, was 3.11 HK cents, compared to a loss of 3.22 HK cents in the previous year[11] - Total turnover for the nine months ended March 31, 2021, was HK$262,633,000, down from HK$265,297,000 in the same period of 2020, indicating a decrease of about 1.3%[26] - The Group's performance indicates a recovery trend, with significant improvements in profitability metrics compared to the previous year[11] Revenue Sources - For the nine months ended March 31, 2021, service income from Environmental and Cleaning services was HK$253,927,000, a slight increase from HK$252,486,000 in the same period of 2020[26] - Interest income from Money Lending decreased to HK$8,706,000 for the nine months ended March 31, 2021, compared to HK$12,811,000 in the previous year, representing a decline of approximately 32.5%[26] - Environmental and cleaning services in Hong Kong generated revenue of approximately HK$227.3 million for the nine months ended 31 March 2021, a decrease from approximately HK$231.5 million for the same period in 2020[73][76] - The net profit from the money lending business was approximately HK$4.7 million for the nine months ended March 31, 2021, compared to approximately HK$5.0 million in 2020[85][87] - The Shanghai operations recorded an increase in revenue by approximately HK$5.7 million to approximately HK$26.6 million for the nine months ended March 31, 2021, compared to approximately HK$20.9 million in 2020[79][81] Expenses and Costs - The Group's administrative expenses decreased to HK$15,466,000 for the nine months ended March 31, 2021, from HK$16,381,000 in the same period of 2020, reflecting a cost control strategy[10] - The Group's finance costs slightly decreased to HK$1,083,000 for the nine months ended March 31, 2021, from HK$1,100,000 in the previous year[10] - Total staff costs, including directors' emoluments, amounted to HK$145,856,000 for the nine months ended March 31, 2021, compared to HK$139,033,000 for the same period in 2020, reflecting an increase of 4.0%[36] - The cost of consumable goods increased to HK$5,614,000 for the nine months ended March 31, 2021, from HK$4,652,000 in the same period of 2020, representing an increase of 20.7%[36] - Interest on bank borrowings rose to HK$408,000 for the nine months ended March 31, 2021, compared to HK$378,000 in the same period of 2020, an increase of 7.9%[33] Government Support - The Group received government grants amounting to HK$24,528,000 under the Employment Support Scheme, aimed at retaining employees during the subsidy period[29] - The Group received a one-off subsidy of approximately HK$24.3 million from the HKSAR Government under the Employment Support Scheme for part of the monthly salaries of employees in the environmental and cleaning services[74][76] Impairments and Losses - Impairment allowance for loans and interest receivables was HK$8,983,000 for the nine months ended March 31, 2021, compared to HK$24,340,000 in the previous year, showing a reduction of approximately 63.1%[29] - The company recorded a net loss of approximately HK$9,000,000 related to overdue loans and interest under its lending business[109] - The Group recorded a net realized loss of approximately HK$0.8 million from investments in financial assets during the nine months ended March 31, 2021[86][88] - Other losses and impairment for the nine months ended March 31, 2021 amounted to approximately HK$10.2 million, a decrease from approximately HK$24.3 million in 2020[106] Strategic Focus - The Company continues to focus on its principal activities, which include environmental cleaning services and money lending services in Hong Kong and the PRC[14] - The Group plans to strengthen marketing efforts to expand market shares in the commercial and residential sectors, focusing on high-value customers to increase revenue through cross-selling services[94] - The Group continues to adopt a cautious approach in its money lending strategies, focusing on borrowers with sound financial abilities to reduce exposure to high-risk loans[99] - The Shanghai Operations are expanding as expected, implementing the same quality control and training programs as in Hong Kong, with refined marketing strategies to attract new customers[95] Shareholder Information - Mr. Yu Shaoheng holds a beneficial interest of 350,536,631 shares, representing 64.91% of the total issued share capital of the company as of March 31, 2021[121] - Mr. Yu Weiye holds 54,431,400 shares, representing 10.08% of the total issued share capital of the Company[125] - Ms. Mui Fong is deemed to be interested in the same 54,431,400 shares owned by Mr. Yu Weiye[126] - No substantial shareholders other than certain directors or the chief executive had interests or short positions in the shares as of March 31, 2021[122] Governance and Compliance - The Company has complied with the Corporate Governance Code and GEM Listing Rules for the nine months ended March 31, 2021, with some deviations noted[139] - The audit committee reviewed the financial and accounting policies, internal controls, and financial reporting matters, concluding that the results complied with applicable accounting standards[141]
宝联控股(08201) - 2021 Q3 - 季度财报