智傲控股(08282) - 2020 Q3 - 季度财报

Financial Performance - For the three months ended September 30, 2020, the group's revenue was HKD 12,453,000, a decrease of 38.9% compared to HKD 20,380,000 for the same period in 2019[3] - The gross profit for the nine months ended September 30, 2020, was HKD 6,548,000, down 67.8% from HKD 20,352,000 in the previous year[3] - The group reported a net loss of HKD 5,549,000 for the nine months ended September 30, 2020, compared to a loss of HKD 541,000 for the same period in 2019[3] - The total comprehensive loss for the nine months ended September 30, 2020, was HKD 6,027,000, compared to a loss of HKD 314,000 in the same period of 2019[3] - The basic and diluted loss per share for the nine months ended September 30, 2020, was HKD 0.03, compared to a loss of HKD 0.01 for the same period in 2019[3] - The company recorded a net loss of approximately HKD 5.5 million for the nine months ended September 30, 2020, compared to a net loss of approximately HKD 0.5 million for the same period in 2019, indicating a significant decline in performance[26] - Revenue decreased by approximately 43.4% from about HKD 64.7 million for the nine months ended September 30, 2019, to about HKD 36.6 million for the same period in 2020, primarily due to a reduction in game operation income from licensed and self-developed games[27] Revenue and Income Sources - The total revenue for the nine months ended September 30, 2020, was HKD 36,611,000, a decrease of 43.5% from HKD 64,737,000 in 2019[3] - Game operation income for the three months ended September 30, 2020, was HKD 12.1 million, down from HKD 19.7 million in the same period of 2019, reflecting a decline of approximately 38.5%[18] - Total revenue from customer contracts and other income for the nine months ended September 30, 2020, was HKD 38.8 million, compared to HKD 65.1 million for the same period in 2019[18] - The company’s revenue from game publishing for the nine months ended September 30, 2020, was HKD 530,000, a decrease from HKD 614,000 in the same period of 2019[18] - Other income increased significantly to HKD 2,209,000 for the nine months ended September 30, 2020, compared to HKD 325,000 in 2019, marking a growth of 577.5%[3] Expenses and Cost Management - The company's administrative expenses for the nine months ended September 30, 2020, were HKD 8,371,000, down from HKD 10,143,000 in the previous year, reflecting a reduction of 17.5%[3] - Selling expenses decreased by approximately 45.9% from HKD 10.9 million to HKD 5.9 million, mainly due to reduced promotional and advertising expenses[31] - Administrative expenses decreased by approximately 16.8% from HKD 10.1 million to approximately HKD 8.4 million, attributed to lower employee costs and legal/professional fees[32] - The cost of services provided by the group decreased by approximately 32.2% from HKD 44.4 million for the nine months ended September 30, 2019, to approximately HKD 30.1 million for the same period in 2020[28] Equity and Financial Position - The company's total equity as of September 30, 2020, was HKD 39,110,000, down from HKD 47,356,000 at the beginning of the year[4] - The company experienced a foreign exchange loss of HKD 478,000 for the nine months ended September 30, 2020, compared to a gain of HKD 227,000 in the previous year[4] Dividends and Taxation - The company did not declare or pay any dividends during the nine months ended September 30, 2020, consistent with the same period in 2019[23] - The company did not incur any taxable profits in Hong Kong, Taiwan, or China during the period, resulting in no income tax provisions being made[20][21][22] Strategic Plans and Market Position - The company plans to enhance its competitiveness in the mobile gaming market in Hong Kong and Taiwan by introducing more quality licensed games and focusing on mobile gaming and marketing efforts[26] - The company operates primarily in Hong Kong, which is considered its main geographical segment for reporting purposes[14] Corporate Governance and Compliance - The company confirmed compliance with the GEM Listing Rules regarding securities transactions by directors during the review period[46] - The company confirmed compliance with the GEM listing rules regarding corporate governance during the nine months ending September 30, 2020[48] - The company maintains a minimum public float of 25% as required by regulations[49] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the nine months ending September 30, 2020, ensuring compliance with applicable accounting standards and GEM listing rules[54] Shareholder Information - Major shareholders include Ms. Huang Pei-Yin with a 41.74% stake and Mr. Shi Ren-Yi with an 18.13% stake in the company[36] Events and Changes - No significant acquisitions or disposals occurred during the nine months ended September 30, 2020[44] - There were no significant events affecting the group after the reporting period up to the date of this report[55] - No stock options were granted, exercised, expired, or lapsed during the nine months ending September 30, 2020, and there are no unexercised stock options under the plan[52]