Financial Performance - Revenue for the three months and nine months ended December 31, 2022, was approximately HK$30,667,000 and HK$137,039,000, respectively, compared to HK$66,363,000 and HK$291,024,000 for the corresponding periods last year, representing a decline of 53.8% and 52.9%[9] - Loss attributable to owners of the Company was approximately HK$17,447,000 and HK$30,974,000 for the three months and nine months ended December 31, 2022, compared to losses of HK$5,692,000 and HK$14,234,000 for the same periods last year, indicating an increase in loss of 206.5% and 117.5%[9] - For the nine months ended December 31, 2022, the Group recorded total revenue of approximately HK$137,039,000, representing a decrease of approximately 52.91% compared to HK$291,024,000 for the same period last year[43] - Loss attributable to owners of the Company was approximately HK$30,974,000 for the nine months ended December 31, 2022, which was approximately 117.61% higher than the loss of HK$14,234,000 for the corresponding period last year[44] - Total comprehensive loss for the period was HK$9,952,000 for the three months ended December 31, 2022, compared to HK$7,306,000 in the previous year, indicating a 36.0% increase in comprehensive losses[54] - The total comprehensive loss for the period ended 31 December 2022 was HK$22,400,000, compared to a loss of HK$9,312,000 for the same period in 2021[85] Revenue Breakdown - Revenue from intelligent advertising and railroad media services was approximately HK$30,340,000 and HK$119,878,000 for the three and nine months ended December 31, 2022, respectively[17] - Revenue from agricultural, forestry, and consumer products was approximately HK$56,000 and HK$16,295,000 for the three and nine months ended December 31, 2022, reflecting a decrease due to sluggish consumer demand[18] - No revenue was generated from the supply-chain business for the three and nine months ended December 31, 2022, due to persistent unfavorable market conditions[22] - Revenue from short-term leasing of the commercial portion of the property was approximately HK$271,000 and HK$866,000 for the three and nine months ended December 31, 2022[25] - The intelligent advertising and railroad media business generated revenue of HK$269,486,000, accounting for 76% of total revenue[72] - The agricultural, forestry, and consumer products business reported revenue of HK$20,502,000, which is a 12% increase year-over-year[72] - The supply-chain business recorded revenue of HK$4,000,000, with no significant changes compared to the previous year[72] - The property business reported a total revenue of HK$1,032,000, showing a slight decrease from the previous year[72] Cash and Liabilities - As of December 31, 2022, the Group's cash and bank deposits amounted to approximately HK$9,594,000, a decrease of approximately 50.39% from HK$19,339,000 as of March 31, 2022[32] - The Group had net current liabilities of approximately HK$29,822,100 as of December 31, 2022, compared to HK$5,679,000 as of March 31, 2022[32] - The Group's gearing ratio was approximately 242.95% as of December 31, 2022, up from 128% as of March 31, 2022, primarily due to the decrease in cash and bank deposits[41] Strategic Focus and Future Outlook - The Group is focusing on diversifying applications of its proprietary Big Data and AI technological platforms to find new growth opportunities in various sectors[11] - The Group is actively seeking investment opportunities in the business travel service market, which has shown strong recovery post-COVID-19[16] - The Group will seek investment opportunities in resilient sectors to develop new business lines and strengthen existing ones[30] - The economic outlook for 2023 is likely to be dim due to the financial repercussions of the COVID-19 pandemic and ongoing geopolitical tensions[29] - The Group will remain conservative and prudent towards profitability in the coming months while formulating strategies to enhance long-term profitability and sustainability[31] Shareholder Information - As of December 31, 2022, Mr. Zhao Xinyan holds a total of 49,128,000 shares, representing approximately 14.88% of the issued share capital of the Company[122] - Ms. Ng Mui King, Joky has an interest in 33,792,000 shares, accounting for about 10.23% of the Company's issued share capital[130] - Win Bless Limited, beneficially owned by Mr. Zhao Xinyan, holds 47,378,000 shares, which is approximately 14.35% of the issued share capital[130] - Gold City Assets Holdings Ltd., beneficially owned by Ms. Ng Mui King, Joky, holds 33,792,000 shares, representing 10.23% of the issued share capital[130] - Ms. Lin Shunping holds 19,900,000 shares, which is about 6.03% of the Company's issued share capital[130] Corporate Governance - The Company has complied with the Corporate Governance Code throughout the nine months ended December 31, 2022[104] - The Board of Directors consists of three executive Directors, one non-executive Director, and three independent non-executive Directors[105] - The Audit Committee regularly reviews the effectiveness of the internal control system and the quarterly, interim, and annual reports of the Group[112] - The Remuneration Committee is responsible for reviewing and determining the remuneration policy for directors and senior management[114] - The Nomination Committee reviews the composition of the Board and nominates suitably qualified candidates when necessary[113] - The Company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, in accordance with the CG Code[111]
世大控股(08003) - 2023 Q3 - 季度财报