Financial Performance - The group's revenue for the nine months ended December 31, 2021, was approximately HKD 79,300,000, a decrease of about 16.08% compared to HKD 94,500,000 for the same period in 2020[5] - The loss attributable to the owners of the company for the nine months ended December 31, 2021, was approximately HKD 29,700,000, compared to HKD 26,500,000 for the same period in 2020[5] - The total comprehensive loss for the period was HKD 29,748,000, compared to HKD 27,189,000 for the same period in 2020[8] - Basic and diluted loss per share for the nine months ended December 31, 2021, was HKD 0.1237, compared to HKD 0.1102 for the same period in 2020[8] - The company's revenue for the nine months ended December 31, 2021, was HKD 79,256,000, a decrease from HKD 94,505,000 for the same period in 2020, representing a decline of approximately 16%[20] - Revenue from lending for the nine months ended December 31, 2021, was HKD 25,828,000, compared to HKD 29,847,000 for the same period in 2020, reflecting a decrease of about 14%[17] - The company reported a loss attributable to owners of the company of HKD 29,748,000 for the nine months ended December 31, 2021, compared to a loss of HKD 26,479,000 for the same period in 2020, indicating an increase in losses[24] - The retail and wholesale segment's revenue was approximately HKD 53.4 million for the nine-month period, a decrease of 17.46% compared to the same period in 2020[42] - For the nine-month period ending December 31, 2021, the company's revenue was approximately HKD 79.3 million, a decrease of about 16.08% compared to the same period last year[38] - The company reported a loss attributable to shareholders of approximately HKD 29.7 million for the nine-month period, compared to a loss of HKD 26.5 million in the same period of 2020[38] Dividends and Equity - The board of directors does not recommend the payment of dividends for the nine months ended December 31, 2021, consistent with the previous year[5] - The company did not recommend the payment of dividends for the nine months ended December 31, 2021, consistent with the previous year[22] - The group's total equity as of December 31, 2021, was HKD 335,203,000, a decrease from HKD 363,092,000 as of the previous year-end[10] Business Operations - The group primarily engages in lending, retail, and wholesale businesses[13] - The company is listed on the GEM of the Hong Kong Stock Exchange[12] - The main operating location of the company is in Hong Kong[12] - The company’s operations are not seasonal or cyclical, and performance obligations are part of contracts expected to last one year or less[17] - The lending business generated revenue of approximately HKD 25.8 million during the nine-month period, with expectations for sustainable income in the future[40] - The company has been developing its own brand products since 2015, including various food items sourced from local and overseas suppliers[36] - The COVID-19 pandemic has significantly impacted the restaurant industry in Hong Kong, leading to restrictions that affected operations[36] - The company operates four retail stores located in Wan Chai, Lai Chi Kok, Tai Po, and Kowloon Bay, focusing on providing ready-to-eat food products[41] Financial Provisions and Tax - The expected credit loss provision for loans and advances to customers was HKD 8,084,000 for the nine months ended December 31, 2021, compared to HKD 26,298,000 for the same period in 2020[8] - The company has not recognized any provision for Hong Kong profits tax for the nine months ended December 31, 2021, as there were no assessable profits[21] Corporate Governance - The audit committee has reviewed the unaudited consolidated results for the nine months ended December 31, 2021, and confirmed compliance with applicable accounting standards[58] - The company has established a remuneration committee responsible for reviewing and setting the remuneration policies for directors and senior management based on operational performance and market practices[59] - The company has complied with the GEM Corporate Governance Code during the nine-month period, with a noted deviation from the code regarding the separation of roles between the chairman and the CEO[55] - The board of directors consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[62] - The company has established a nomination committee to review and recommend any changes to the board of directors[60] - The company confirmed that all directors complied with the trading regulations during the nine months ended December 31, 2021[54] - The company has not disclosed any competitive interests held by directors or major shareholders that could conflict with the group's business[53] Share Options - The company has implemented a new share option scheme to reward eligible participants for their contributions to the group[26] - The new stock option plan allows for the issuance of stock options not exceeding 1% of the company's issued share capital within any 12-month period[8] - As of March 31, 2021, 385,000 unexercised stock options expired, resulting in a transfer of the corresponding amount to accumulated losses[29] - As of December 31, 2021, Mr. Lo Ka-ki holds 2,185,000 shares, representing 0.91% of the company's issued share capital[46] - Major shareholder Rich Treasure Group Limited, through its wholly-owned subsidiary, holds 82,288,613 shares, accounting for 34.23% of the company's issued share capital[49] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2021[51]
仍志集团控股(08079) - 2022 Q3 - 季度财报