Financial Performance - For the three months ended December 31, 2020, the company's revenue was HKD 11,170,000, a decrease of 2.7% compared to HKD 11,480,000 for the same period in 2019[3] - The gross profit for the nine months ended December 31, 2020, was HKD 16,180,000, slightly down from HKD 16,231,000 in the same period of 2019, reflecting a decrease of 0.3%[3] - The company reported a net loss attributable to shareholders of HKD 790,000 for the three months ended December 31, 2020, compared to a profit of HKD 2,657,000 in the same period of 2019[3] - Total comprehensive income for the nine months ended December 31, 2020, was HKD 6,127,000, compared to HKD 6,306,000 for the same period in 2019, indicating a decrease of 2.8%[4] - For the nine months ended December 31, 2020, the company's revenue decreased by approximately 4.8% to about HKD 39.7 million, compared to approximately HKD 41.7 million for the same period in 2019[25] - Total profit and comprehensive income slightly decreased by about 2.8% to approximately HKD 6.1 million for the nine months ended December 31, 2020, primarily due to increased administrative expenses[35] Revenue and Expenses - The company’s rental and related services revenue for the nine months ended December 31, 2020, increased to HKD 34,092,000 from HKD 31,743,000 in 2019, representing a growth of 7.4%[11] - The cost of sales for the three months ended December 31, 2020, was HKD 7,358,000, up from HKD 6,243,000 in the same period of 2019, reflecting an increase of 17.9%[3] - The cost of sales and services for the nine months ended December 31, 2020, was approximately HKD 23.5 million, a decrease of about 7.7% from approximately HKD 25.5 million in 2019[29] - Administrative expenses for the nine months ended December 31, 2020, rose to HKD 9,986,000 from HKD 6,460,000 in 2019, marking an increase of 54.1%[3] - Administrative expenses increased by approximately HKD 3.5 million or 54.6% to about HKD 10.0 million for the nine months ended December 31, 2020, primarily due to performance bonuses paid to directors and employees amounting to approximately HKD 3.3 million[33] Earnings Per Share - The basic and diluted loss per share for the three months ended December 31, 2020, was HKD 0.20, compared to earnings of HKD 0.66 per share in the same period of 2019[3] - The basic loss per share for the three months ended December 31, 2020, was HKD (0.20), while the basic earnings per share for the same period in 2019 was HKD 0.66[20] Financing and Costs - The company’s financing costs decreased to HKD 318,000 for the nine months ended December 31, 2020, down from HKD 501,000 in the same period of 2019, a reduction of 36.4%[3] - Financing costs decreased by approximately HKD 183,000 or 36.5% to about HKD 318,000 for the nine months ended December 31, 2020, mainly due to a reduction in financing liabilities under crane financing leases[34] Equity and Dividends - The total equity of the company as of December 31, 2020, was HKD 125,937,000, an increase from HKD 125,012,000 as of December 31, 2019[4] - The company did not declare any dividends for the nine months ended December 31, 2020, consistent with 2019[18] Other Income and Strategy - Other income for the nine months ended December 31, 2020, was approximately HKD 1.8 million, compared to about HKD 265,000 in 2019, primarily due to COVID-19 relief fund subsidies[32] - The company plans to adopt a proactive and cautious approach to its business strategy in response to the ongoing COVID-19 pandemic[27] Depreciation and Assets - The depreciation expense for property, plant, and equipment for the nine months ended December 31, 2020, was HKD 10.56 million, compared to HKD 8.50 million in 2019[15] Ownership and Governance - The company is 30.0% owned by Xingji, which is controlled by Mr. Deng Xingqiang and Ms. Qu Fengyi, holding 90% and 10% respectively[38] - Woo Lan Ying holds a beneficial interest in 93,688,000 shares, representing approximately 23.42% of the total issued shares[42] - The audit committee, established on February 23, 2017, includes three independent non-executive directors and is responsible for reviewing financial reporting procedures and risk management[52] - The audit committee has reviewed the unaudited consolidated financial statements and believes they comply with applicable accounting standards and GEM listing rules[52] Share Options and Securities - No share options have been granted since the adoption of the share option scheme, and there were no unexercised options as of December 31, 2020[48] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2020[50]
兴铭控股(08425) - 2021 Q3 - 季度财报