Financial Performance - For the nine months ended December 31, 2021, the revenue was approximately HKD 27,500,000, an increase of about 10.0% compared to HKD 25,000,000 for the same period in 2020[4] - The loss attributable to owners of the company for the nine months ended December 31, 2021, was approximately HKD 9,300,000, compared to a profit of HKD 1,400,000 in 2020[4] - The basic loss per share for the nine months ended December 31, 2021, was approximately (9.46) HKD cents, compared to a profit of 3.54 HKD cents in 2020[4] - For the three months ended December 31, 2021, the revenue was HKD 8,417,000, a decrease from HKD 9,091,000 in the same period of 2020[6] - The total comprehensive loss for the three months ended December 31, 2021, was (3,394,000) HKD, compared to a total comprehensive income of 13,003,000 HKD in the same period of 2020[8] - The company reported a loss before tax of (3,677,000) HKD for the three months ended December 31, 2021, compared to a profit before tax of 12,802,000 HKD in the same period of 2020[6] - The company reported a net loss of HKD 3,466,000 for the three months ended December 31, 2021, compared to a profit of HKD 11,827,000 in the same period of 2020[34] - Total revenue for the nine months ended December 31, 2021, was approximately HKD 27,500,000, representing a 10% increase from HKD 25,000,000 in the same period of 2020, primarily due to an increase in subscription customers[48] Revenue Breakdown - OTT service revenue for the nine months ended December 31, 2021, reached HKD 27,288,000, up 14.3% from HKD 23,747,000 in the previous year[22] - Professional services revenue for the nine months ended December 31, 2021, was approximately HKD 228,000, a decrease from HKD 1,200,000 in the same period of 2020, attributed to project delays due to COVID-19[43] - OTT services revenue increased to approximately HKD 27,290,000 for the nine months ended December 31, 2021, compared to HKD 23,700,000 in the same period of 2020, driven by the introduction of Paramount Pictures' films to the platform[45] Financing and Costs - The company incurred financing costs of HKD 1,255,000 for the three months ended December 31, 2021, compared to HKD 842,000 in the same period of 2020[6] - The total financing costs for the nine months ended December 31, 2021, were HKD 3,465,000, down 27.1% from HKD 4,752,000 in the same period of 2020[25] - Financing costs decreased by approximately 27.1%, from HKD 4,800,000 in the previous year to about HKD 3,500,000, due to a rights issue conducted in September 2020[48] Shareholder Information - As of December 31, 2021, the company had 107,873,248 shares issued following a placement completed on September 3, 2021[50] - The average number of ordinary shares for the nine months ended December 31, 2021, was 98,292,557, compared to 38,280,030 in the same period of 2020[36] - As of December 31, 2021, the total issued share capital of the company was 107,873,248 shares[58] - Major shareholders include Heng Fu Investment Limited with 26,200,000 shares (24.29%) and Cheung Siu Fai with 12,524,000 shares (11.61%)[56] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2021[65] - The company has adopted the corporate governance code as per GEM Listing Rules and confirmed compliance without significant deviations[66] - The company has established an audit committee in accordance with GEM Listing Rules to oversee internal accounting procedures and report on audit matters[63] - All directors confirmed compliance with the trading standards for securities transactions as of December 31, 2021[67] Future Outlook and Strategies - The company has implemented measures to enhance liquidity, including increasing revenue through a rolling business plan and enriching content on online platforms[18] - The company has engaged in discussions with financing providers to extend loan maturities and seek additional financing sources[18] - The company plans to develop OTT broadcasting channels to provide a variety of media content, anticipating a shift from traditional free-to-air television to OTT services[46] - The company aims to leverage existing platform resources to continue developing high-quality media content in the rapidly evolving media landscape[46] - The company anticipates that the adoption of new accounting standards will not have a significant impact on its performance in future periods[17] Other Information - The company did not recommend any dividend payment for the nine months ended December 31, 2021[36] - The company has not purchased, sold, or redeemed any of its listed securities during the nine-month review period[68] - No significant contracts exist where directors have a material interest related to the group's business as of December 31, 2021[61] - There are no competing businesses owned by directors or major shareholders as of December 31, 2021[62] - The company has no record of any other individuals or executives holding significant interests in the company's securities as of December 31, 2021[60]
HMVOD视频(08103) - 2022 Q3 - 季度财报