Financial Performance - Revenue for the three months ended December 31, 2020, was HKD 14,188,000, a 99.1% increase compared to HKD 7,132,000 for the same period in 2019[3] - Gross profit for the nine months ended December 31, 2020, was HKD 4,838,000, up 102.5% from HKD 2,382,000 in the previous year[3] - The company reported a loss before tax of HKD 14,944,000 for the nine months ended December 31, 2020, a 57.5% improvement compared to a loss of HKD 35,155,000 in the same period of 2019[3] - Total comprehensive loss for the nine months ended December 31, 2020, was HKD 14,448,000, a 59.1% decrease from HKD 35,396,000 in the previous year[3] - Basic and diluted loss per share for the nine months ended December 31, 2020, was HKD 0.98, compared to HKD 2.61 for the same period in 2019[3] - The company recorded a loss attributable to owners of HKD 13,875,000 for the nine months ended December 31, 2020, an improvement compared to a loss of HKD 32,403,000 in the same period of 2019[19] - The group reported a reduction in loss attributable to owners from approximately HKD 32,403,000 to approximately HKD 13,875,000[43] Revenue Breakdown - The company reported total revenue of approximately HKD 44,143,000 for the nine months ended December 31, 2020, a significant increase from HKD 13,643,000 in the same period of 2019, representing a growth of 223%[8] - Revenue from security services amounted to HKD 42,545,000 for the nine months ended December 31, 2020, compared to HKD 11,742,000 in the same period of 2019, reflecting a growth of 263%[8] - Revenue from business consulting and asset management services was HKD 1,598,000 for the nine months ended December 31, 2020, down from HKD 1,901,000 in the same period of 2019, indicating a decline of 16%[8] - Revenue from security services in Hong Kong rose from approximately HKD 11,742,000 to approximately HKD 19,216,000, while revenue from security services in China was approximately HKD 23,329,000[36] Expenses and Costs - The company incurred administrative expenses of HKD 22,685,000 for the nine months ended December 31, 2020, down 37.1% from HKD 36,104,000 in the previous year[3] - Financial expenses for the nine months ended December 31, 2020, totaled HKD 2,193,000, an increase from HKD 1,912,000 in the same period of 2019[12] - The total cost of services increased from approximately HKD 11,261,000 to approximately HKD 39,305,000, representing 82.5% and 89.0% of total revenue respectively[38] Government Support - The company successfully applied for government subsidies under the "Employment Support Scheme," amounting to HKD 1,653,000, aimed at retaining employees during the pandemic[10] Shareholder Information - The company holds 922,325,321 shares, representing approximately 55.50% of the total issued shares[50] - The major shareholder, Changcheng Huiri Holdings Limited, is the beneficial owner of the 922,325,321 shares[50] - The ownership structure indicates that Changcheng Huiri Holdings Limited is fully owned by Nansha District Huiming Investment, which holds about 91.9992% of its shares[50] - The company has a controlled interest in Shenzhen Huiri No. 9 Investment Consulting Enterprise, which holds 99.0000% of its shares[50] - The beneficial ownership of shares includes 1,000,000 shares held by Mr. Song, representing 100.0000% of the controlled entity[47] - The company has a significant interest in Shenzhen Changcheng Huiri Investment Co., Ltd., with 3,828,902 shares representing 68.9039%[47] - The total number of shares held by Mr. Lin is 1,111, representing 0.0200% of the total[47] - The ownership structure reflects a high concentration of shares among a few major stakeholders, indicating potential influence over corporate decisions[50] Corporate Governance - The company has complied with the GEM Listing Rules Appendix 15 Corporate Governance Code, except for deviation from Code Provision A.2.1 regarding the separation of roles between the Chairman and the CEO[58] - The Audit Committee, consisting of independent non-executive directors, has reviewed the financial reporting process and internal control procedures, ensuring compliance with applicable accounting standards and GEM Listing Rules[59] - No directors or controlling shareholders have interests in any competing businesses as of December 31, 2020, which could lead to conflicts of interest[62] Future Plans and Market Position - The company aims to expand its security and property management business in mainland China, leveraging its operational and management advantages to achieve continuous revenue growth[25] - The asset management service segment is expected to become a significant profit growth point for the company, leveraging advantages in both mainland China and Hong Kong markets[35] - The company aims to expand its asset management services in mainland China while gradually entering the Hong Kong market[35] - The company plans to focus on controlling mergers and acquisitions and long-term investments in leading companies within niche markets[28] - The company anticipates a significant increase in the scale of managed assets within the next year[28] - The company aims to enter a high-quality development phase for its asset management business within the next one to two years[28] Stock Options and Dividends - The company did not declare an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[20] - The total number of stock options outstanding as of December 31, 2020, was 138,218,179, with 135,658,584 options unexercised[55] - The total number of stock options exercised during the nine months was 2,559,595[52] - The company had a total of 14,130,708 stock options granted in 2019, with no options exercised during the nine months ended December 31, 2020[52] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2020, except for shares issued upon the exercise of stock options[55] Significant Events - The company has not disclosed any significant events that occurred after December 31, 2020, up to the date of the report[21] - There have been no significant events requiring disclosure from December 31, 2020, to the report date[63]
新都酒店(08315) - 2021 Q3 - 季度财报