Financial Performance - For the three months ended December 31, 2021, the company reported revenue of HKD 2,697,000, an increase from HKD 2,237,000 in the same period of 2020, representing a growth of approximately 20.6%[4] - For the nine months ended December 31, 2021, total revenue reached HKD 6,067,000, compared to HKD 3,501,000 for the same period in 2020, indicating a significant increase of about 73.3%[4] - The gross profit for the three months ended December 31, 2021, was HKD 1,589,000, up from HKD 1,301,000 in the prior year, reflecting a growth of approximately 22.1%[4] - The company reported a loss before tax of HKD 2,709,000 for the three months ended December 31, 2021, compared to a loss of HKD 2,732,000 in the same period of 2020, showing a slight improvement[4] - The total comprehensive loss for the nine months ended December 31, 2021, was HKD 10,862,000, a decrease from HKD 18,570,000 in the same period of 2020, indicating a reduction of approximately 41.7%[4] - The basic and diluted loss per share for the nine months ended December 31, 2021, was HKD 1.13, compared to HKD 1.92 for the same period in 2020, representing an improvement of about 41.1%[4] Expenses and Liabilities - The company incurred administrative expenses of HKD 12,165,000 for the nine months ended December 31, 2021, compared to HKD 17,065,000 in the same period of 2020, reflecting a decrease of approximately 28.8%[4] - The company’s financing costs for the nine months ended December 31, 2021, were HKD 6,000, a significant decrease from HKD 58,000 in the same period of 2020, showing a reduction of approximately 89.7%[4] - The company’s total liabilities increased to HKD 18,555,000 as of December 31, 2021, compared to HKD 15,000,000 as of December 31, 2020, indicating a rise of approximately 23.7%[4] Income and Gains - The company reported other income and net gains of HKD 976,000 for the nine months ended December 31, 2021, compared to HKD 1,837,000 in the same period of 2020, indicating a decline of about 46.9%[4] - The company reported a total of HK$421 million in other income for the year, compared to HK$146 million in the previous year[18] - Interest income for the period was HK$48 million, a decrease from HK$50 million in the previous period, while total other income reached HK$167 million, down from HK$755 million[18] - Government subsidies received amounted to HK$394 million in the previous period, with a total of HK$990 million received in the same period last year[18] - The company reported a gain of HK$311 million from the sale of a subsidiary in the previous year, contributing to total other income[18] Share Options and Incentives - The total number of stock options granted in 2021 was 25,620,000, with an exercise price of HK$0.084 per share[22] - The fair value of stock options granted in 2021 was HK$1,167,000, reflecting the company's commitment to employee incentives[22] - The company has adopted a share option scheme since August 15, 2012, allowing the board to grant options to employees and directors[67] - The total number of stock options granted to directors during the period was 33,250,000, with 17,080,000 options granted in the current period[69] - The company has a share option plan in place, which was approved on August 15, 2012, and is set to expire on August 14, 2022[83] - The share incentive plan was adopted on August 14, 2019, and is effective for a period of 10 years, subject to early termination by the board[89] - The purpose of the share incentive plan is to reward eligible participants for their contributions to the group's growth and development[90] - Eligible participants include employees of the group and its subsidiaries, as well as non-executive directors and consultants[90] Governance and Compliance - The audit committee consists of three independent non-executive directors and is responsible for reviewing the company's financial reports and internal controls[96] - The company has adopted a code of conduct regarding directors' securities transactions, ensuring compliance with GEM listing rules[98] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[98] - The audit committee has reviewed the unaudited performance of the group for the nine months ending December 31, 2021, and found it compliant with applicable accounting standards[96] Future Plans and Investments - The company has entered into a joint venture agreement with a third party, with an investment of no less than HKD 25,000,000 and no more than HKD 35,000,000 for the development of virtual and mixed reality projects[50] - The company is focused on developing and operating online gaming businesses and investing in cultural projects in China[61] - The company believes that investments in virtual reality and mixed reality projects have significant growth potential[62] - The company is optimistic about the synergy between its existing business and new ventures, which will be beneficial in the future[63] - The company continues to explore investment opportunities in the cinema and popular film sectors despite the impact of the COVID-19 pandemic[61] Share Capital and Major Shareholders - As of December 31, 2021, the total issued share capital of the company was 1,026,444,669 shares[66] - Mr. Stephen Chow holds 27,573,529 shares, representing approximately 2.69% of the company's issued share capital[65] - Mr. Chow also has a trust holding of 402,121,240 shares, accounting for about 39.17% of the total issued share capital[65] - Ms. Zhou Wenji holds a trust holding of 402,121,240 shares, also representing approximately 39.17% of the company's issued share capital[65] - Beglobal Investments Limited directly held 329,621,240 shares (approximately 32.11%) and indirectly held 72,500,000 shares through Golden Treasure Global Investment Limited (approximately 7.06%) as of December 31, 2021[81]
比高集团(08220) - 2022 Q3 - 季度财报