Financial Performance - For the nine months ended December 31, 2020, the company reported total revenue of HKD 22,176,000, a decrease of 72.5% compared to HKD 80,431,000 for the same period in 2019[5] - The gross profit for the nine months was HKD 2,250,000, down 69.3% from HKD 7,338,000 in the previous year[5] - The company incurred a loss before tax of HKD 13,471,000 for the nine months, compared to a loss of HKD 8,428,000 in the same period of 2019, representing a 59.4% increase in losses[5] - The basic and diluted loss per share for the nine months was HKD 1.04, compared to HKD 0.65 for the same period in 2019, indicating a 60% increase in loss per share[5] - The company's total revenue decreased by approximately HKD 58.2 million or 72.4% to about HKD 22.2 million for the nine months ended December 31, 2020, compared to approximately HKD 80.4 million for the same period in 2019[28] - The net loss increased from approximately HKD 8.4 million for the nine months ended December 31, 2019, to approximately HKD 13.5 million for the same period in 2020[24] - Gross profit decreased from approximately HKD 7,300,000 for the nine months ended December 31, 2019, to approximately HKD 2,200,000 for the nine months ended December 31, 2020, a decline of 69.3% due to revenue drop[31] - The basic and diluted loss per share attributable to the owners of the company was HKD 10.36 for the nine months ended December 31, 2020, compared to HKD 6.49 for the same period in 2019[22] Expenses and Costs - Total administrative expenses for the nine months were HKD 15,047,000, an increase of 9.7% from HKD 13,717,000 in the previous year[5] - Service costs decreased by approximately HKD 53.1 million or 72.7% to about HKD 20 million for the nine months ended December 31, 2020, compared to approximately HKD 73.1 million for the same period in 2019[30] - The total labor costs amounted to HKD 9.8 million for the nine months ended December 31, 2020, down from HKD 12.9 million in the same period of 2019[18] - Administrative expenses rose by approximately HKD 1,300,000 or 9.7% from approximately HKD 13,700,000 for the nine months ended December 31, 2019, to approximately HKD 15,000,000 for the nine months ended December 31, 2020, mainly due to legal fees related to arbitration[33] - Excluding one-time legal fees, administrative expenses decreased by approximately HKD 3,900,000 or 28.5% to approximately HKD 9,800,000 for the nine months ended December 31, 2020[35] - Financing costs slightly decreased by approximately HKD 100,000 or 4.9% from approximately HKD 2,300,000 for the nine months ended December 31, 2019, to approximately HKD 2,200,000 for the nine months ended December 31, 2020[36] Income and Other Financial Metrics - The company generated other income of HKD 1,499,000 for the nine months, significantly up from HKD 235,000 in the same period of 2019[5] - Other income increased from approximately HKD 200,000 for the nine months ended December 31, 2019, to approximately HKD 1,500,000 for the nine months ended December 31, 2020, primarily due to subsidies received under the Employment Support Scheme from the Hong Kong government[32] Shareholder and Equity Information - As of December 31, 2020, the total equity of the company was HKD 62,962,000, down from HKD 89,912,000 at the end of 2019[7] - As of December 31, 2020, the company had a significant shareholder, Harmony Asia International, holding 652,290,000 shares, representing 50.18% of the total shares[42] Corporate Governance and Compliance - The audit committee reviewed the unaudited consolidated results for the nine months ended December 31, 2020, confirming compliance with applicable accounting standards[57] - The company emphasizes the importance of sound corporate governance for long-term success and has adhered to applicable governance codes[53] - The group has adopted a code of conduct for directors regarding securities trading, with no violations reported during the reporting period[52] - No competitive interests were reported between the directors, major shareholders, and the group's business during the nine months ended December 31, 2020[56] Future Outlook and Strategic Plans - The company anticipates continued challenges in acquiring new projects due to intense competition and the ongoing impact of the COVID-19 pandemic on the business environment in Hong Kong and Macau[25] - The company plans to explore opportunities for business diversification or expansion in Hong Kong, Macau, and mainland China to maintain growth[27] IPO Proceeds and Utilization - The net proceeds from the IPO, amounting to approximately HKD 38,000,000, will be used for the purposes outlined in the prospectus, with a decision made to change and reallocate the unused proceeds due to a challenging external business environment[49] - As of December 31, 2020, the total net proceeds utilized by the group amounted to HKD 38.0 million, with HKD 22.5 million remaining unutilized[50] - The group allocated HKD 19.4 million to strengthen its industry position and expand its business, with HKD 0.8 million already utilized[50] - A total of HKD 7.6 million was used to repay bank loans, with an additional HKD 20.0 million planned for future repayments[50] - The establishment of an office/warehouse in Macau cost HKD 2.5 million, with HKD 0.2 million already utilized[50] - General operating funds accounted for HKD 3.3 million, fully utilized during the reporting period[50] Dividend Information - The company did not recommend any dividend payment for the nine months ended December 31, 2020, consistent with the same period in 2019[21] - No dividends were declared or proposed for the nine months ended December 31, 2020, and 2019[39] Compliance with Financial Reporting Standards - The company has not applied any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[11] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2020[51] - The company has not granted, exercised, or allowed any stock options under its stock option plan during the nine months ended December 31, 2020[47]
浩柏国际(08431) - 2021 Q3 - 季度财报