Financial Performance - The company's revenue for the nine months ended December 31, 2020, was approximately HKD 28,300,000, compared to HKD 31,832,000 for the same period in 2019, representing a decrease of about 11.9%[5] - Gross profit for the nine months ended December 31, 2020, was approximately HKD 14,500,000, down from HKD 15,152,000 in 2019, indicating a decline of about 4.3%[5] - The net profit after tax for the nine months ended December 31, 2020, was approximately HKD 2,000,000, an increase from HKD 1,600,000 in 2019, reflecting a growth of 25%[5] - The company reported a profit before tax of HKD 2,733,000 for the nine months ended December 31, 2020, compared to HKD 1,928,000 in the previous year, marking an increase of approximately 41.8%[7] - The basic and diluted earnings per share for the nine months ended December 31, 2020, were HKD 0.17, up from HKD 0.14 in 2019, representing a growth of about 21.4%[8] - The total comprehensive income attributable to owners of the company for the nine months ended December 31, 2020, was HKD 2,142,000, compared to a loss of HKD 8,000 in 2019[8] - The company reported other income and gains of HKD 3,259,000 for the nine months ended December 31, 2020, significantly higher than HKD 128,000 in the previous year[7] - The company reported a total equity of HKD 72,320,000 as of December 31, 2020, reflecting an increase from HKD 65,476,000 on April 1, 2019[10] - The company achieved a profit of HKD 2,121,000 during the period, contributing to a total comprehensive income of HKD 2,220,000[10] - The fair value change of investments resulted in a loss of HKD 1,611,000 during the period, impacting the overall comprehensive loss[10] Cost Management - The company received subsidies from the Hong Kong government under the Employment Support Scheme to mitigate the challenges posed by the COVID-19 pandemic[5] - The company has reduced costs related to subcontracting services for ecological and green building certifications, as it has sufficient qualified internal staff to perform these functions[5] - Administrative expenses increased by approximately 12.4% from HKD 13,200,000 to HKD 14,800,000, attributed to one-time special bonuses awarded to long-serving employees in recognition of their contributions during the COVID-19 pandemic[70] - The group’s profit attributable to owners for the nine months ended December 31, 2020, was approximately HKD 2,000,000, compared to approximately HKD 1,600,000 for the corresponding period in 2019, mainly due to enhanced cost control measures[71] Revenue Sources - The group’s revenue is generated from contracts with customers, recognizing revenue over time when the performance obligation does not create an asset with an alternative use[24] - Revenue from green building certification consulting increased to HKD 5,133,000 for the three months ended December 31, 2020, compared to HKD 3,583,000 in the same period of 2019, representing a growth of 43.3%[33] - Total revenue for the nine months ended December 31, 2020, was HKD 28,274,000, down 11.1% from HKD 31,832,000 in the same period of 2019[33] - Revenue from green building certification consulting increased by approximately 8.2% from HKD 13,400,000 to HKD 14,500,000 during the same period, due to an increase in new contracts and progress in ongoing projects[64] - Revenue from sustainable development and environmental consulting significantly decreased by approximately 38.0% from HKD 8,300,000 to HKD 5,100,000, primarily due to project delays and reduced consulting fees amid intense competition[66] Shareholder Information - The company did not declare any dividends for the nine months ended December 31, 2020, consistent with the previous year[5] - The weighted average number of ordinary shares increased to 1,277,136,537 for the nine months ended December 31, 2020, from 1,179,629,918 in the same period of 2019[44] - The profit attributable to shareholders was HKD 2,121,000, up from HKD 1,603,000 in 2019, marking a 32.3% increase[47] - As of December 31, 2020, Ms. Guo held approximately 731,381,599 shares, representing 55.41% of the company's equity[106] - Gold Investments holds 54.67% of the company's shares, while Dr. Huang Yonghao and City Beat Limited hold 8.27% and 6.48% respectively[110] Corporate Governance - The company has maintained compliance with all corporate governance codes as of December 31, 2020[116] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting processes and accounting policies[123] - The company has adopted a securities trading code for directors, ensuring compliance with trading regulations[117] - There have been no disclosures required under GEM Listing Rules regarding changes in directors or senior management during the reporting period[122] Future Plans and Expansion - The company has secured a green building consultancy contract in Yangon, Myanmar, as part of its expansion into Southeast Asia[59] - New companies have been established in Thailand and Singapore to provide tailored services across five business areas, including green and healthy buildings and smart green IoT[59] - The group plans to provide comprehensive green finance and ESG consulting services, including compliance and due diligence services covering local and international reporting standards[63] - The group aims to continue seeking opportunities in green and healthy building projects, which are expected to increase in the long term[63] COVID-19 Impact - The COVID-19 pandemic has had a limited impact on the company's operations and financial performance, with full resumption of operations as of the report date[104] - The company is monitoring the ongoing effects of COVID-19 on its financial condition and operational performance[104]
沛然环保(08320) - 2021 Q3 - 季度财报