Financial Performance - For the three months ended March 31, 2021, the group's revenue was approximately HKD 38,400,000, compared to HKD 31,600,000 for the same period in 2020, representing an increase of 21.4%[3] - The profit attributable to shareholders for the three months ended March 31, 2021, was approximately HKD 40,400,000, compared to a loss of approximately HKD 60,800,000 for the same period last year[3] - Basic earnings per share for the three months ended March 31, 2021, were approximately HKD 0.105, compared to a loss per share of approximately HKD 0.1718 for the same period in 2020[5] - Total comprehensive income for the period was HKD 41,648,000, compared to a total comprehensive loss of HKD 64,732,000 for the same period last year[5] - The group reported a pre-tax profit of HKD 39,965,000 for the three months ended March 31, 2021, compared to a pre-tax loss of HKD 61,929,000 for the same period in 2020[4] Revenue Breakdown - Revenue from the Singapore early childhood education business increased from approximately HKD 7,900,000 in the previous year to approximately HKD 18,900,000, an increase of HKD 11,000,000 or 139%[3] - Revenue from the Dance Academy business was HKD 11,992,000, up 70.5% from HKD 7,027,000 in the previous year[16] - Revenue from the Early Childhood Education business reached HKD 19,733,000, a significant increase of 120.7% compared to HKD 8,934,000 in 2020[16] - Revenue from Hong Kong was HKD 14,633,000, up 48.0% from HKD 9,864,000 in 2020, while Singapore's revenue increased to HKD 18,883,000 from HKD 7,905,000, a rise of 138.5%[19] - Revenue from the early childhood education business rose to approximately HKD 10,800,000, while revenue from the dance academy business increased to approximately HKD 5,000,000[37] Other Income and Expenses - The group's other income for the three months ended March 31, 2021, was HKD 11,482,000, compared to HKD 4,491,000 in the previous year, indicating a significant increase[4] - Employee and teaching consultancy service costs were approximately HKD 30,800,000, an increase of about 4.9% from approximately HKD 29,300,000 in 2020[37] Business Operations - The company operates in various sectors including early childhood education, dance academies, and language training, indicating a diversified business model[7] - The group operates 25 wholly-owned dance centers in Hong Kong, 1 kindergarten, 16 international preschool institutions in Singapore, and 2 colleges in Australia[32] - The flagship childcare school in Singapore achieved a student enrollment rate of over 100 within six months of opening, despite delays due to the pandemic[34] - The company plans to continue exploring business opportunities in the Australian education market once travel restrictions are lifted[36] Share Capital and Options - As of March 31, 2021, the company's issued share capital was HKD 38,460,000, with a total of 384,600,000 shares issued[40] - The company has outstanding convertible bonds with a face value of approximately HKD 293,800,000 as of March 31, 2021[40] - The total issued share capital of the company as of March 31, 2021, was HKD 38.46 million, divided into 384.6 million shares with a par value of HKD 0.1 each[50] - The company has 32,667,000 unexercised share options available under the share option plan[59] - The share option plan allows for a maximum of 10% of the total issued shares to be granted as options, which is capped at 20,000,000 shares post-IPO[55] Governance and Compliance - The company has adhered to all provisions of the corporate governance code as outlined in the GEM Listing Rules Appendix 15 for the three months ending March 31, 2021[62] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[67] - The company has received annual written confirmations from its controlling shareholders regarding compliance with the non-competition agreement as of December 31, 2020[61] Future Outlook and Investments - The group aims to strengthen its position in the dance school industry in Hong Kong and overseas, actively seeking investment opportunities for expansion[44] - The group has been exploring suitable investment opportunities to diversify its business since the second half of 2018, including acquisitions in Singapore and Australia[44] - The group continues to seek suitable opportunities for business expansion in both Hong Kong and overseas markets[45] Miscellaneous - The company did not declare or recommend any dividends for the three months ended March 31, 2021, consistent with the previous year[30] - The group did not recognize any tax provisions for its operations in Australia due to reporting a loss for tax purposes during the period[27] - There were no significant acquisitions during the reporting period[42] - As of March 31, 2021, the group did not hold any significant investments[43] - The company has not reported any competitive interests from directors or major shareholders during the reporting period[60] - There were no purchases, sales, or redemptions of any listed securities by the company or its subsidiaries during the reporting period[64] - The financial information in the report has not been audited by the company's auditors, but the audit committee has reviewed the unaudited consolidated results for the three months ending March 31, 2021[66] - An indirect wholly-owned subsidiary was declared insolvent and will undergo voluntary liquidation as of April 27, 2021[47] - The company has not disclosed any other individuals with significant shareholdings apart from those listed[54]
SDM教育(08363) - 2021 Q1 - 季度财报