Financial Performance - For the nine months ended September 30, 2021, the company recorded unaudited revenue of approximately HKD 352.3 million, an increase of about 8% compared to HKD 326.3 million for the same period in 2020[5]. - The unaudited profit for the nine months ended September 30, 2021, was approximately HKD 13.1 million, down from HKD 16.4 million for the same period in 2020[5]. - For the three months ended September 30, 2021, the company reported revenue of HKD 119.7 million, compared to HKD 120.3 million for the same period in 2020[7]. - The operating profit for the nine months ended September 30, 2021, was HKD 15.9 million, a decrease from HKD 19.3 million in the same period of 2020[7]. - The basic and diluted earnings per share for the nine months ended September 30, 2021, were HKD 0.85, down from HKD 1.63 for the same period in 2020[7]. - The total comprehensive income for the nine months ended September 30, 2021, was HKD 16.1 million, compared to HKD 16.0 million for the same period in 2020[9]. - For the nine months ended September 30, 2021, property management service revenue was HKD 352,266 thousand, an increase of 7.9% compared to HKD 326,288 thousand for the same period in 2020[20]. - For the three months ended September 30, 2021, property management service revenue was HKD 119,679 thousand, slightly down from HKD 120,292 thousand in the same period of 2020, representing a decrease of 0.5%[20]. - The net profit for the nine months ended September 30, 2021, was approximately HKD 13.1 million, down from HKD 16.4 million in the same period of 2020, a decrease of 20.1%[45]. - The total tax expense for the nine months ended September 30, 2021, was HKD 3,104,000, slightly down from HKD 3,148,000 in 2020[33]. Employee Benefits and Expenses - Employee benefit expenses for the nine months ended September 30, 2021, were approximately HKD 299.6 million, up 8.7% from HKD 275.6 million in the same period of 2020[5]. - The total employee benefits expenses for the three months ended September 30, 2021, were HKD 105,501 thousand, compared to HKD 87,119 thousand for the same period in 2020[30]. - Employee benefits expenses increased from approximately HKD 275.6 million to approximately HKD 299.6 million, primarily due to annual salary increases[42]. - The group reported a decrease in subcontracting costs for cleaning services from HKD 7,131 thousand in 2020 to HKD 5,486 thousand in 2021 for the nine months ended September 30[30]. - Cleaning material costs decreased from approximately HKD 5.1 million to approximately HKD 4.6 million due to stricter cost control measures[43]. - Other operating expenses for the nine months ended September 30, 2021, were approximately HKD 11.3 million, down from HKD 12.0 million in 2020[44]. Corporate Governance and Compliance - The company has complied with all corporate governance codes as per GEM listing rules without any deviations[66]. - The audit committee has reviewed the unaudited condensed consolidated results and confirmed compliance with applicable accounting standards and GEM listing rules[72]. - The board of directors includes executive and independent non-executive members, ensuring a diverse governance structure[73]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[70]. - No significant matters requiring disclosure have occurred after the reporting period[71]. Market Presence and Future Outlook - The company continues to provide property management services for public housing estates owned by the Hong Kong Housing Authority[11]. - The company is focused on expanding its market presence and enhancing its service offerings in the property management sector[11]. - The company expects growth in public housing property management services to continue alongside the development of the public housing market in Hong Kong[46]. Stock Options and Shareholding - The company has a stock option plan adopted on October 24, 2017, aimed at incentivizing eligible participants contributing to the group's success[63]. - A total of 32,000,000 stock options were granted to four employees at an exercise price of HKD 0.177 per share on June 17, 2019[64]. - As of September 30, 2021, R5A Group Limited holds 491,440,000 shares, representing approximately 61.43% of the company's equity[60]. - Ms. Yang Xiuyun owns 57,120,000 shares, accounting for 7.14% of the company's equity[60]. - The company maintains 800,000 ordinary shares for the calculation of basic earnings per share, unchanged from the previous year[35]. Accounting Standards - The group has adopted revised accounting standards effective from January 1, 2021, with no significant impact on performance and financial position[14]. - The group is evaluating the impact of new and revised accounting standards that will become effective in 2022 and 2023 on its operational performance and financial position[18]. - The group has not adopted any new or revised standards that have been issued but are not yet effective as of January 1, 2021[18].
雅居投资控股(08426) - 2021 Q3 - 季度财报