Financial Performance - Revenue for the three months ended December 31, 2021, was HKD 11,291,000, compared to HKD 10,365,000 for the same period in 2020, representing an increase of approximately 8.9%[5] - Gross profit for the nine months ended December 31, 2021, was HKD 3,579,000, down from HKD 3,959,000 in 2020, indicating a decrease of about 9.6%[5] - Other income for the three months ended December 31, 2021, significantly increased to HKD 3,000,000 from HKD 617,000 in 2020, marking a rise of approximately 386.3%[5] - The company reported a loss before tax of HKD 8,227,000 for the three months ended December 31, 2021, compared to a loss of HKD 3,375,000 in the same period of 2020, reflecting an increase in loss of about 143.5%[5] - The total comprehensive loss for the nine months ended December 31, 2021, was HKD 16,809,000, compared to HKD 7,613,000 for the same period in 2020, representing an increase of approximately 120.5%[5] - Basic and diluted loss per share for the three months ended December 31, 2021, was HKD 1.14, compared to HKD 0.47 for the same period in 2020, indicating an increase of approximately 143.6%[7] - The company recorded revenue of HKD 47,400,000 for the nine months ended December 31, 2021, an increase of 1.3% compared to HKD 46,800,000 for the same period last year[27] - The overall gross profit decreased to HKD 3,600,000, a decline of 10.0% from HKD 4,000,000 in the prior year[27] - The group recorded a net loss of HKD 16,800,000 for the nine months ended December 31, 2021, compared to a net loss of HKD 7,600,000 for the same period in 2020[29] Business Segments - The group is involved in various business segments including natural resources and commodity trading, lending, and the development and promotion of fashion apparel and consumer goods[11] - The group’s revenue from the consumer goods and fashion apparel segment reached HKD 27,500,000 for the nine months ended December 31, 2021, up from HKD 21,000,000 in the same period of 2020[32] - The group’s coal trading and other natural resources and commodities trading business recorded revenue of HKD 18,400,000 for the nine months ended December 31, 2021, down from HKD 24,300,000 in the previous year[31] - The lending business maintained steady growth, generating revenue of HKD 1,500,000 for the nine months ended December 31, 2021, consistent with the previous year[34] Expenses and Financial Costs - The cost of goods sold was HKD 43,800,000, up from HKD 42,800,000 in the previous year, reflecting the increase in revenue[27] - Other income for the period was HKD 5,000,000, compared to HKD 1,800,000 in the previous year, primarily due to the reversal of impairment losses on loans to invested companies[27] - The net loss from other gains and losses was HKD 1,600,000, compared to a net loss of HKD 800,000 in the previous year, mainly due to fair value losses on financial assets[27] - The company’s financial costs included interest on bonds amounting to HKD 402,000 for the nine months ended December 31, 2021[18] - Financial costs decreased to HKD 300,000 for the nine months ended December 31, 2021, from HKD 500,000 in the same period of 2020[28] Corporate Governance - The board of directors confirmed that the financial information presented is accurate and complete, with no misleading or fraudulent elements[3] - The company has adopted a code of conduct for securities trading by directors, which is in line with the standards set forth in the GEM Listing Rules[59] - The company has complied with the Corporate Governance Code throughout the review period, with some board meeting notifications being less than 14 days due to urgent decision-making needs[60] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ended December 31, 2021[63] - The company will continue to monitor and review corporate governance principles to ensure compliance[61] - The board comprises five directors, including two executive directors and three independent non-executive directors[64] Future Plans and Developments - The company aims to enhance its market presence and expand its operations in the fashion and consumer goods sectors[11] - The group plans to continue expanding sales channels and developing new products, with a focus on enhancing brand image and customer engagement through marketing activities post-COVID-19[32] - The company plans to continue developing its existing business through organic growth or acquisitions, aiming to diversify its operations to enhance shareholder returns[45] Shareholder Information - The company did not recommend any dividend for the nine months ended December 31, 2021, consistent with the previous year[25] - The company issued 513,585,000 shares at a price of HKD 0.08 per share, raising approximately HKD 41,100,000 before expenses[54] - As of December 31, 2021, directors hold a total of 2,805,928 share options each, representing approximately 0.39% of the total issued shares[50] - No other share options were granted, exercised, canceled, or lapsed during the nine months ended December 31, 2021[48] - The company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the nine months ended December 31, 2021[57] - The company has not identified any related party transactions that require disclosure in the report[55] Legal and Settlement Matters - The company has reached a settlement agreement with the seller regarding the refundable deposit of HKD 10,000,000, with the seller required to pay a total of HKD 5,000,000 in installments over 18 months[44] - As of the report date, the company has not received any payments from the seller, resulting in an impairment of HKD 9,500,000 recognized in the profit and loss statement[44] - The company will continue to monitor the seller's payment situation and provide updates to its shareholders as appropriate[44] - There are no identified business interests or conflicts of interest that may compete with the company's operations as of the report date[58]
富誉控股(08269) - 2022 Q3 - 季度财报