Revenue and Profitability - For the nine months ended December 31, 2021, the group generated revenue of HKD 1.5 million from travel packages, with a gross profit of HKD 0.9 million[11]. - The group recorded a total revenue of HKD 2.5 million for the nine months ended December 31, 2020, with a gross profit of HKD 0.2 million[11]. - For the nine months ended December 31, 2021, the company reported total revenue of HKD 1,536,000, a decrease of 39.2% compared to HKD 2,527,000 for the same period in 2020[35]. - The gross profit for the same period was HKD 978,000, representing a significant increase from HKD 246,000 in the previous year, resulting in a gross margin improvement[35]. - The company reported a total loss of HKD 9,749,000 for the nine months ended December 31, 2021, compared to a loss of HKD 12,844,000 in the same period of 2020, reflecting an improvement of 24.3%[49]. - The company recorded a net loss of HKD 9,749,000 for the nine months, compared to a net loss of HKD 12,844,000 in the same period last year, indicating a reduction in losses[35]. - The basic loss per share for the nine months ended December 31, 2021, was HKD 2.36, an improvement from HKD 3.18 in the same period of 2020[61]. COVID-19 Impact - The group has not recorded any sales from free travel products for the nine months ended December 31, 2021, due to the COVID-19 pandemic[13]. - The group suspended all outbound travel tours due to the COVID-19 pandemic, resulting in minimal revenue from travel tours for the nine months ended December 31, 2021[12]. - The company anticipates that the ongoing COVID-19 pandemic will continue to adversely affect its operations and financial performance for the remainder of the fiscal year ending March 31, 2022[19]. - The company recognized a COVID-19 related rent concession of HKD 1,058,000, which was accounted for as a reduction in lease liabilities[44]. - The company received a reduction of approximately HKD 0.5 million in subsidies from the Hong Kong government's anti-epidemic fund, which partially offset other expenses[20]. - The company reported a rental concession of HKD 1,058,000 due to COVID-19, compared to HKD 709,000 in the same period of 2020[67]. Cryptocurrency Mining - The cryptocurrency mining segment incurred a loss of approximately HKD 1.1 million for the nine months ended December 31, 2021[10]. - The group began cryptocurrency mining operations in July 2021 to diversify revenue sources and enhance future profitability[10]. - The cryptocurrency mining segment began operations in July 2021 and is now a reportable segment for the company[47]. - The company plans to expand its business scope by incorporating cryptocurrency mining operations to enhance future profitability and potential[19]. Expenses and Cost Management - Sales expenses increased by 108.5% to approximately HKD 2.0 million, primarily due to increased employee costs related to the termination of tour leader contracts[16]. - Administrative expenses rose by 9.0% to approximately HKD 12.9 million, driven by depreciation and administrative costs from cryptocurrency mining operations[17]. - The company incurred total expenses of HKD 15,442,000 for the nine months ended December 31, 2021, slightly up from HKD 15,069,000 in the previous year[55]. - The total remuneration for key management personnel for the nine months ended December 31, 2021, was HKD 2,595,000, slightly down from HKD 2,686,000 in the same period of 2020[70]. Shareholder Information - As of December 31, 2021, key executives held a total of 256,015,000 shares, representing 64% ownership in the company[21]. - As of December 31, 2021, the major shareholder, Zongheng You Investment, held 256,015,000 shares, representing 64% of the total shares[23]. - The average number of issued ordinary shares for the periods under review remained constant at 400,000,000 shares[61]. Financial Position - As of December 31, 2021, total equity attributable to owners was HKD 15,058,000, down from HKD 28,251,000 a year earlier, representing a decrease of 47%[37]. - The company’s accumulated losses increased to HKD 59,480,000 as of December 31, 2021, compared to HKD 46,287,000 at the end of 2020[37]. - The company’s capital reserve as of December 31, 2021, was HKD 11,371,000, unchanged from the previous year[37]. - There were no significant contingent liabilities as of December 31, 2021, consistent with the previous year[64]. - The company has no significant events after the reporting period that could materially affect its operations and financial performance[71]. Other Income and Gains - The company generated HKD 1,481,000 from travel package sales for the nine months ended December 31, 2021, compared to HKD 907,000 in the prior year, reflecting a growth of 63%[45]. - Total other income for the nine months ended December 31, 2021, was HKD 4,395,000, compared to HKD 72,000 in the same period of 2020, showing a significant increase[53]. - The company reported a total of HKD 2,658,000 in gains from the sale of listed equity securities during the nine months ended December 31, 2021, with no such gains reported in the previous year[53].
飞道旅游科技(08069) - 2022 Q3 - 季度财报