Financial Performance - The group's revenue for the nine months ended September 30, 2021, was approximately HKD 138,400,000, compared to HKD 107,800,000 for the same period in 2020, representing an increase of about 28.4%[1] - The profit attributable to owners of the company for the nine months ended September 30, 2021, was approximately HKD 88,182,000, a significant recovery from a loss of HKD 96,465,000 in the same period of 2020[1] - Basic earnings per share for the nine months ended September 30, 2021, were approximately HKD 0.224, compared to a loss of HKD 0.269 per share for the same period in 2020[1] - Total comprehensive income for the nine months ended September 30, 2021, amounted to approximately HKD 95,561,000, compared to a loss of HKD 100,179,000 in the same period of 2020[3] - The group reported a pre-tax profit of HKD 89,006,000 for the nine months ended September 30, 2021, compared to a pre-tax loss of HKD 100,163,000 for the same period in 2020[2] - The group reported a total comprehensive income of HKD 95,367,000 for the nine months ended September 30, 2021, compared to a loss in the previous year[36] - The group recorded a profit attributable to owners of approximately HKD 88,200,000, compared to a loss of approximately HKD 96,500,000 in the same period last year[43] Revenue Breakdown - The Dance Academy business generated revenue of HKD 54,517,000, up 100.3% from HKD 27,259,000 in the previous year[14] - The Early Childhood Education business reported revenue of HKD 69,588,000, an increase of 83.6% compared to HKD 37,879,000 in the prior year[14] - Revenue from Hong Kong for the nine months was HKD 65,784,000, a 75.6% increase from HKD 37,415,000 in the prior year[24] - Revenue from Singapore reached HKD 66,356,000, up 86.1% from HKD 35,676,000 in the previous year[24] - Revenue from the early childhood education business in Singapore rose from approximately HKD 35,700,000 to approximately HKD 66,400,000, an increase of about 86.0%[42] - Revenue from the dance academy business in Hong Kong increased from approximately HKD 27,300,000 to approximately HKD 54,500,000, an increase of about 99.6%[42] Costs and Expenses - The group incurred financing costs of HKD 11,624,000 for the nine months ended September 30, 2021, compared to HKD 8,305,000 for the same period in 2020, indicating an increase of approximately 40.5%[2] - Other income for the nine months ended September 30, 2021, was approximately HKD 39,991,000, slightly up from HKD 39,452,000 in the same period of 2020[2] - Interest expenses for borrowings increased to HKD 2,525,000 for the nine months ended September 30, 2021, compared to HKD 573,000 in the same period last year[28] - Other operating expenses increased by approximately 20.1% to about HKD 35,800,000 compared to HKD 29,800,000 in the same period last year[43] Business Segments - The dance academy and early childhood education segments turned profitable starting from the second quarter of this fiscal year, with segment profits of approximately HKD 8,972,000 and HKD 11,388,000 respectively for the nine months ended September 30, 2021[1] - The Adult Education and Training segment incurred a loss of HKD 4,479,000, compared to a profit of HKD 34,660,000 in the same period last year[17] Share Capital and Ownership - The company has a total issued share capital of HKD 41,110,000 as of September 30, 2021, up from HKD 38,460,000 as of December 31, 2020[45] - As of September 30, 2021, the total issued share capital of the company was HKD 41,110,000, divided into 411,100,000 shares with a par value of HKD 0.1 each[57] - Mr. Zhao and Dr. Qin each hold 251,750,000 shares, representing 62.96% of the issued share capital[55] - Major shareholder Wealthy Together holds 198,750,000 shares, accounting for 48.35% of the issued share capital[58] Future Outlook and Strategy - The group continues to focus on developing new courses and enhancing existing ones to attract students in the competitive Hong Kong children's dance sector[38] - In Singapore, student enrollment increased from zero to over 110 within six months, despite the COVID-19 pandemic, demonstrating strong demand for the group's childcare services[39] - The group has successfully entered the Childcare Partner Operating Scheme in Singapore, which is expected to enhance the competitiveness and reputation of its schools[39] - The group remains optimistic about future opportunities in the Australian education market once travel restrictions are lifted[40] - The company is actively seeking investment opportunities to expand its business scope and diversify its existing operations, particularly in the dance school industry in Asia[51] - The company plans to continue seeking suitable opportunities for business expansion in both Hong Kong and overseas markets[52] Corporate Governance - The audit committee reviewed the accounting principles and practices adopted by the company for the nine months ending September 30, 2021, with no objections raised[73] - The board of directors consists of three executive directors and four independent non-executive directors as of the report date[74]
SDM教育(08363) - 2021 Q3 - 季度财报