Financial Performance - Legendary Group Limited reported its third-quarter performance for 2021, with a focus on financial metrics and operational highlights[11]. - Revenue for the three months ended December 31, 2021, was HK$32,606,000, a decrease of 4.0% from HK$33,969,000 in the same period of 2020[14]. - Profit before taxation for the three months ended December 31, 2021, was HK$14,542,000, down 32.4% from HK$21,513,000 in the same period of 2020[14]. - Profit and total comprehensive income for the period attributable to owners of the Company was HK$12,160,000, compared to HK$17,817,000 in the same period of 2020, representing a decrease of 31.5%[15]. - Basic earnings per share for the three months ended December 31, 2021, was HK$3.39, down from HK$6.83 in the same period of 2020[15]. - Revenue for the nine months ended December 31, 2021, increased to HK$84,100,000, up 14.5% from HK$73,466,000 in the same period of 2020[14]. - Profit before taxation for the nine months ended December 31, 2021, was HK$35,884,000, a slight decrease of 4.1% from HK$37,409,000 in the same period of 2020[14]. - The total comprehensive income for the nine months ended December 31, 2021, was HK$30,164,000, compared to HK$30,926,000 in the same period of 2020, indicating a slight decrease of 2.5%[15]. - The Group reported other income of HK$4,147,000 for the three months ended December 31, 2021, significantly higher than HK$229,000 in the same period of 2020[14]. - Administrative expenses for the three months ended December 31, 2021, increased to HK$12,031,000, compared to HK$4,533,000 in the same period of 2020, reflecting a rise of 165.5%[14]. - The Group's finance costs for the three months ended December 31, 2021, were HK$462,000, down from HK$668,000 in the same period of 2020, a decrease of 30.9%[14]. Business Segments - The OEM Business segment generated substantial revenue, contributing to the overall performance of the company[42]. - The Retail Business segment, which includes sales under the company's own and high-end fashion brands, showed promising growth trends[42]. - The Money Lending Business continued to expand, providing loan services that supported the company's financial performance[42]. - The Financial Quotient and Investment Education Business is gaining traction, offering courses that enhance customer engagement and revenue streams[42]. - Revenue from garment products was HK$310,000, a significant decrease from HK$22,200,000 in the previous year[79]. - Tuition fees from financial quotient and education courses generated HK$81,463,000, up from HK$48,103,000, marking an increase of approximately 69.3%[79]. - The Money Lending Business reported interest income of approximately HK$2.2 million, representing a decrease of approximately 31.2% compared to the previous period[124]. - The Financial Quotient and Investment Education Business achieved revenue of approximately HK$81.5 million, an increase of over 69.4% compared to approximately HK$48.1 million for the corresponding period in 2020[126]. - The Wholesaling Business did not generate any revenue during the nine months ended 31 December 2021, primarily due to the impact of the coronavirus outbreak in Hong Kong[125]. Governance and Compliance - The company emphasized the importance of adhering to the GEM Listing Rules, ensuring the accuracy and completeness of the financial information provided[5]. - The audit committee is chaired by Mr. Chan Kim Fai Eddie, ensuring financial oversight and compliance[10]. - The company has made commitments to transparency and accountability in its financial reporting, as stated by the directors[5]. - The company has not adopted any new/revised HKFRSs that could significantly impact its financial position as of the reporting date[36]. - The third quarterly financial statements were prepared in accordance with HKFRSs, ensuring compliance with local regulations[33]. - The company confirmed compliance with the required standards of dealings in securities transactions by Directors[190]. - All Directors confirmed full compliance with the required standard of dealings during the nine months ended December 31, 2021[191]. - The company has complied with all applicable code provisions of the Corporate Governance Code, except for a deviation from code provision A.2.1 regarding the separation of the roles of chairman and CEO[197]. - The Audit Committee consists of three independent non-executive directors and has reviewed the financial statements, confirming compliance with applicable accounting standards and GEM Listing Rules[198]. Strategic Initiatives - The company is actively involved in property investment in the Asia Pacific region, which is a key focus for future growth[42]. - The Group plans to expand its customer base in the OEM Business by diversifying its service scope and acquiring new clients from the non-garment textile sector[123]. - The Group will continue to enhance its marketing strategy in the Retail Business to further expand its customer base[123]. - The Group aims to invest resources to expand market share and broaden its customer base in the Financial Quotient and Investment Education Business[138]. - The Group has been actively seeking potential investment opportunities to enhance shareholder value while focusing on developing existing businesses[138]. - The Group will continue to seek opportunities for asset appreciation and cash flow return in the property market within Hong Kong and the Asia-Pacific region[138]. Legal and Corporate Actions - The company faced a winding-up petition from shareholders holding over 3% of the issued shares, with a court ruling on October 18, 2021, that did not result in a winding-up order[109]. - The court allowed interested parties to file evidence opposing the winding-up petition by November 29, 2021[114]. - A provision of HK$1,735,000 was recognized for a legal claim related to a tenancy agreement breach, reflecting the company's assessment of probable economic outflow[106]. - The company is actively managing its legal challenges while pursuing strategic acquisitions to enhance its market position[106]. - The group disposed of an inactive subsidiary during the nine months ended December 31, 2021, resulting in a loss of approximately HK$1.9 million[153]. - On September 20, 2021, the group agreed to acquire 100% equity interest of KC Training Group for HK$9 million, to be settled through a combination of shares, cash, and assumption of liabilities[153]. Share Capital and Structure - The stock code for Legendary Group Limited is 8195, which is essential for trading and investment purposes[12]. - The company underwent a share consolidation on September 24, 2021, consolidating every five issued and unissued ordinary shares into one ordinary share, adjusting the par value accordingly[158]. - The company's authorized share capital is HKD 500,000,000, divided into 1,000,000,000,000 shares with a par value of HKD 0.0005 each[160]. - The company reported a significant increase in the weighted average number of ordinary shares due to share options exercised, impacting earnings per share calculations[102]. - A total of 127,992,000 share options were granted on March 26, 2021[172]. - The maximum number of shares for options granted cannot exceed 10% of the company's issued shares without shareholder approval[170]. - The number of shares that can be granted to any individual in a year is limited to 1% of the company's issued shares without shareholder approval[170]. - Share options must be exercised within 28 days of grant, with an exercise price determined by the Directors[172].
传承教育集团(08195) - 2022 Q3 - 季度财报