Financial Performance - For the nine months ended December 31, 2020, the company recorded unaudited revenue of approximately HKD 37,090,000, a decrease of about 11.89% compared to the same period last year[5]. - The unaudited loss attributable to owners of the company for the nine months ended December 31, 2020, was approximately HKD 9,210,000, compared to a loss of HKD 17,430,000 in 2019[5]. - Basic and diluted loss per share for the nine months ended December 31, 2020, was 18.07 HK cents, compared to 1.71 HK cents in 2019[5]. - The company did not recommend the payment of a dividend for the third quarter ended December 31, 2020, compared to no dividend in the same period last year[5]. - For the three months ended December 31, 2020, the company reported revenue of HKD 11,740,000, down from HKD 14,767,000 in the same period of 2019[10]. - The gross profit for the nine months ended December 31, 2020, was HKD 8,345,000, compared to HKD 3,167,000 in 2019[10]. - The total comprehensive loss for the nine months ended December 31, 2020, was HKD 5,892,000, compared to HKD 9,214,000 in 2019[10]. - The company reported a total comprehensive loss attributable to owners of the company of HKD 1,637,000 for the three months ended December 31, 2020[10]. - The company’s financial costs for the nine months ended December 31, 2020, were HKD 2,871,000, compared to HKD 760,000 in 2019[10]. - The group reported a total loss of HKD 9,214,000 for the nine months ended December 31, 2020, compared to a profit of HKD 6,152,000 in the same period of 2019[27]. - The group's revenue for the nine-month period was approximately HKD 37,090,000, a decrease of about 11.89% compared to HKD 42,100,000 in the same period of 2019[64]. - The loss attributable to the company's owners for the nine-month period was approximately HKD 9,210,000, compared to a loss of about HKD 17,430,000 in the same period of 2019[67]. Revenue Breakdown - Electronic product sales for the three months ended December 31, 2020, were HKD 8,815,000, a decrease of 20.0% from HKD 11,041,000 in the same period of 2019[20]. - Restaurant business revenue for the three months ended December 31, 2020, was HKD 2,925,000, down 21.5% from HKD 3,726,000 in the same period of 2019[20]. - Total revenue for the nine months ended December 31, 2020, was HKD 11,740,000, a decrease of 20.5% compared to HKD 14,767,000 for the same period in 2019[20]. - Revenue from electronic products for the nine months ended December 31, 2020, was HKD 27,949,000, a decrease of 1.5% from HKD 28,375,000 in the same period of 2019[27]. - Revenue from external customers in Europe for the nine months ended December 31, 2020, was HKD 20,762,000, down 6.5% from HKD 22,200,000 in the same period of 2019[32]. - Revenue from external customers in Asia (excluding Hong Kong) for the nine months ended December 31, 2020, was HKD 9,209,000, a decrease of 11.0% from HKD 10,350,000 in the same period of 2019[32]. - The revenue from the restaurant business decreased by approximately 40.99% to about HKD 8,010,000 during the nine-month period[62]. Expenses and Costs - The company incurred administrative and other expenses of HKD 16,817,000 for the nine months ended December 31, 2020, compared to HKD 2,175,000 in 2019[10]. - The company's financial costs included interest on convertible bonds amounting to HKD 2,701,000 for the nine months ended December 31, 2020, down from HKD 2,946,000 in the same period of 2019[39]. - Sales and distribution expenses for the nine-month period were approximately HKD 940,000, an increase of about 5.24% compared to HKD 900,000 in the same period of 2019[66]. - Administrative and other expenses were approximately HKD 16,820,000, reflecting an increase of about 7.87% compared to HKD 15,600,000 in the same period of 2019[66]. Corporate Governance - Major shareholders include Lissington Limited, holding 2,204,800 shares, which accounts for 26.31% of the company's issued share capital[84]. - The company has complied with the corporate governance code as per GEM listing rules during the nine-month period ending December 31, 2020[88]. - The company has adopted the GEM listing rules regarding the standards for directors' securities transactions, with no known violations reported[88]. - The total number of shares held by directors and key executives as of December 31, 2020, includes 4,878,000 shares held by Zheng Ruoxiong, representing a significant personal interest[80]. - The company emphasizes high-quality board governance and transparency to shareholders as part of its corporate governance practices[88]. - No significant contracts were identified where directors hold major interests that could impact the group's business as of December 31, 2020[89]. - The board is not aware of any business or interests held by directors or major shareholders that directly or indirectly compete with the group's business as of December 31, 2020[90]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2020, ensuring compliance with applicable accounting standards[91]. Future Plans and Opportunities - The company plans to explore new business opportunities to broaden revenue sources and maximize long-term benefits for shareholders[59]. - The company plans to increase market share through more promotional and marketing activities and the design and development of new electronic products[64]. - The company is in the process of leasing new properties for manufacturing electronic products, pending shareholder approval[54]. - The company completed the placement of convertible bonds amounting to approximately HKD 9,408,000, with net proceeds intended for investment in the restaurant business and operational funding[71]. Stock Options - The company has two stock option plans adopted on September 27, 2013, including a pre-IPO stock option plan and a stock option plan[75]. - The company granted a total of 80,000,000 stock options under the pre-IPO stock option plan, equivalent to 4,000,000 shares after the share consolidation[76]. - As of December 31, 2020, 22,800,000 stock options were unexercised, representing 2.19% of the company's issued shares[76]. - The company reported no stock options granted, exercised, or expired during the nine-month period ending December 31, 2020[77]. - The company has a total of 80,000,000 stock options available, with 4,000,000 options currently exercisable[76].
毅高国际控股(08218) - 2021 Q3 - 季度财报