Financial Performance - Revenue for the third quarter of 2021 reached HKD 96,184, representing a year-on-year increase of 388.3%[6] - Gross profit for the same period was HKD 7,937, reflecting a year-on-year growth of 12.1%[6] - The company reported a loss from continuing operations of HKD 35,161 for the nine months ended September 30, 2021, compared to a loss of HKD 48,893 in the same period of 2020[9] - The total loss for the nine months ended September 30, 2021, was HKD 36,428, down from HKD 41,234 in the previous year[9] - The basic loss per share for the nine months ended September 30, 2021, was HKD 5.73, compared to HKD 6.58 for the same period in 2020[11] - The total comprehensive loss for the nine months ended September 30, 2021, was HKD 44,625, compared to HKD 27,729 in the previous year[13] - The total comprehensive income for the nine months ended September 30, 2021, was HKD 18,614 million, compared to a loss of HKD 9,481 million for the same period in the previous year[15] - The total loss reported for the nine months ended September 30, 2021, was HKD 36,428 million, an improvement from a loss of HKD 41,234 million in the same period of 2020[41] - Basic loss per share for the nine months ended September 30, 2021, was HKD 33,025 million, compared to HKD 37,923 million for the same period in 2020[47] Revenue Breakdown - The company’s media services and esports events contributed 7% to total revenue, while supply chain management services accounted for 27%[7] - The company experienced a significant increase in revenue from supply chain management services, which rose by 80% compared to the previous year[7] - Revenue from management services increased significantly to HKD 45,591, compared to HKD 2,209 in the same period last year, representing a growth of 1,964%[28] - Total revenue for the nine months ended September 30, 2021, was HKD 96,184, up from HKD 19,687 in the previous year, marking a growth of 387%[28] - The total external customer revenue for the coal mining segment was HKD 88,216, while the total group revenue was HKD 96,184, indicating that coal mining contributed approximately 91.8% of total revenue[35] Financial Assets and Liabilities - The fair value of financial assets measured at fair value through profit or loss was HKD 36,293 million as of September 30, 2021[24] - The fair value of financial assets measured at fair value through other comprehensive income was HKD 19,100 million as of September 30, 2021[24] - The total fair value of financial assets as of September 30, 2021, was HKD 55,393 million[24] - The company reported a financial liability measured at fair value through profit or loss of HKD 36,664 million as of September 30, 2021[24] - The company’s financial assets measured at fair value through profit or loss amounted to HKD 20,545 million as of September 30, 2021, down from HKD 36,293 million at the end of 2020[50] - The group recorded a fair value loss of HKD 4.6 million on certain financial assets, reflecting market conditions[99] Operational Changes and Strategies - The company has restructured its reportable segments, merging three previous segments into a single "Consulting and Media Services" segment[33] - The company has shifted its business focus to mainland China, reducing reliance on higher-cost overseas operations[54] - The company aims to strengthen its risk resilience and minimize the impact of the pandemic in the fourth quarter[55] - The company is preparing to apply for a mining license for 1.2 million tons, expected to be approved by mid-2022[75] - The company plans to introduce Sainsaikhan Consulting Services LLC as a strategic contractor for the Joyal project to address local manpower shortages and reduce operational costs[80] Governance and Compliance - The company has adopted all new and revised International Financial Reporting Standards effective from January 1, 2021, with no significant impact on the financial statements[19] - The company’s financial supervisor is responsible for the fair value measurement of assets and liabilities, reporting directly to the board[25] - The company employs external valuation experts for Level 3 fair value measurements[25] - The audit committee consists of three independent non-executive directors, with Mr. Liu Ruiyuan serving as the chairman[162] - The company has adhered to the corporate governance code as stipulated in the GEM listing rules during the nine-month period ending September 30, 2021[165] Shareholder Information - As of September 30, 2021, the beneficial ownership of shares by the directors and senior executives includes Chen Libo with 167,263,298 shares, representing approximately 29.01% of the total issued shares[144] - Major shareholders include Chen Libo and Yang Baoyi, each holding 167,263,298 shares, which is approximately 29.01% of the total issued shares[149] - Zhang Xiongfeng holds 81,950,000 shares, representing approximately 14.21% of the total issued shares[149] - The company has not repurchased any of its listed securities during the six months ended September 30, 2021[157] Market Conditions and Future Outlook - The company’s management noted that the ongoing pandemic has negatively impacted local economic activities and cross-border business operations[54] - The central government is expected to increase coal production and imports to address supply shortages, positively impacting the coal supply chain business[65] - The company is focusing on developing new mining machinery to enhance functionality and improve mechanical efficiency[61] - The company aims to expand its tea trade and strengthen its existing market position while exploring new areas for growth[89]
凯顺控股(08203) - 2021 Q3 - 季度财报