Financial Performance - The group's revenue for the nine months ended September 30, 2020, was approximately HKD 106,100,000, a decrease of about 10.2% compared to HKD 118,100,000 for the same period in 2019[4] - The operating loss for the nine-month period was approximately HKD 124,500,000, a reduction of about 17.5% from HKD 151,000,000 in the same period of 2019[4] - The net loss for the nine months was approximately HKD 156,900,000, an increase of about 114.6% compared to HKD 73,100,000 for the same period in 2019[4] - The total comprehensive loss for the nine months was approximately HKD 145,950,000, compared to a loss of HKD 90,132,000 in the same period of 2019[7] - The basic and diluted loss per share for the nine months was HKD 1.48 cents, compared to a loss of HKD 0.69 cents in the same period of 2019[7] - The company reported a total loss attributable to owners of approximately HKD 52,795,000 for the three months ended September 30, 2020, compared to a profit of HKD 41,178,000 in the same period of 2019[11] - Basic loss per share for the three months ended September 30, 2020, was approximately HKD 0.0045, compared to a profit of HKD 0.0035 in the same period of 2019[11] Revenue Breakdown - Revenue from lottery hardware sales decreased by approximately HKD 19,900,000, while revenue from the gaming and entertainment segment decreased by approximately HKD 3,600,000[4] - The increase in revenue from lottery games and systems was approximately HKD 10,000,000, attributed to higher sales of virtual sports lottery games[4] - Revenue from lottery hardware for the three months ended September 30, 2020, was HKD 36,474,000, a decrease of 26.6% compared to HKD 49,700,000 in the same period of 2019[10] - Revenue from lottery games and systems increased to HKD 17,178,000 for the three months ended September 30, 2020, up 44.5% from HKD 11,846,000 in the same period of 2019[10] - Total revenue for the three months ended September 30, 2020, was HKD 62,193,000, down 11.6% from HKD 70,342,000 in the same period of 2019[10] - Revenue from games and entertainment decreased to HKD 1,024,000 for the three months ended September 30, 2020, down 72.0% from HKD 3,655,000 in the same period of 2019[10] Dividend and Shareholder Information - The group did not recommend the payment of an interim dividend for the nine-month period[4] - The company did not recommend an interim dividend for the nine months ended September 30, 2020, consistent with the previous year[14] - As of September 30, 2020, the total number of shares issued was 11,672,342,235, with Mr. Sun Hao holding approximately 17.584% of the total shares[50] - The company’s directors and senior executives held a total of 2,052,408,000 shares, with Mr. Sun Hao owning 46,158,000 shares personally[50] - Ali Fortune holds 6,502,723,993 shares, representing 55.71% of the issued share capital[59] - Maxprofit Global Inc. holds 2,006,250,000 shares, accounting for 17.19% of the issued share capital[66] Market and Industry Insights - The lottery market sales in China for the nine-month period amounted to approximately RMB 230.6 billion, a decrease of about 27.0% compared to the same period in 2019[19] - Sales of welfare lottery reached approximately RMB 101.9 billion, down 28.8% year-on-year, while sports lottery sales were around RMB 128.7 billion, down 25.4% year-on-year[19] - The group reported a significant impact on lottery sales due to the COVID-19 pandemic, which led to reduced operating hours for sales points[19] - Despite challenges from the COVID-19 pandemic, the Chinese lottery market is steadily recovering, and the group aims to consolidate its leading position in the industry[26] Strategic Initiatives - The company aims to expand its business globally by launching proprietary systems and platforms, and forming strategic partnerships in overseas markets such as India and Southeast Asia[18] - The company is committed to enhancing its lottery products and services, focusing on innovation in lottery hardware and marketing services to expand coverage in China[17] - The company plans to develop a diversified gaming and entertainment platform that integrates unique social gaming and sports entertainment content[18] - The group is actively developing its online business and user base through various non-lottery games and entertainment content[24] - The partnership with One97 Communications Limited continues to expand the mobile gaming and entertainment platform in India, with significant user base growth expected[25] Compliance and Governance - The company has established a compliance committee consisting of three independent non-executive directors to oversee financial reporting[69] - All directors confirmed compliance with the trading code of conduct during the nine-month period[70] - The audit committee reviewed the financial statements for the nine-month period, ensuring compliance with applicable accounting standards[69] Future Plans and Investments - The group plans to gradually launch a SaaS platform to serve users across the lottery supply chain, anticipating changes in distribution channels[28] - The group aims to enhance its technical infrastructure and internal capabilities through investments in gaming and lottery entertainment[28] - The company has invested in Ant Bank (Macau) Co., Ltd. to strengthen its business and leverage opportunities in Macau and overseas[28] - The expected deadline for utilizing the remaining net funds has been postponed from December 31, 2020, to December 31, 2022, due to the impact of the COVID-19 pandemic[45]
亚博科技控股(08279) - 2020 Q3 - 季度财报