Financial Performance - For the nine months ended December 31, 2022, the group recorded revenue of approximately HKD 360.5 million, an increase of about HKD 38.0 million or 11.8% compared to the same period in 2021[3]. - The net profit attributable to the owners of the company for the nine months ended December 31, 2022, was approximately HKD 39.6 million, an increase of about HKD 5.9 million or 17.6% from HKD 33.7 million in the same period of 2021[3]. - The gross profit for the nine months ended December 31, 2022, was approximately HKD 61.5 million, compared to HKD 55.1 million for the same period in 2021, reflecting an increase in gross profit margin[4]. - The total comprehensive income for the nine months ended December 31, 2022, was HKD 39.6 million, up from HKD 33.7 million in the same period of 2021[4]. - The basic earnings per share for the nine months ended December 31, 2022, was HKD 14.14, compared to HKD 12.02 for the same period in 2021[4]. - The group reported a pre-tax profit of approximately HKD 47.9 million for the nine months ended December 31, 2022, compared to HKD 40.7 million for the same period in 2021[4]. - The cost of goods sold for the nine months ended December 31, 2022, was approximately HKD 298.97 million, an increase from HKD 267.31 million in the same period of 2021[4]. - The group’s total revenue for the nine months ended December 31, 2022, was HKD 360,472,000, an increase of 11.8% from HKD 322,438,000 in 2021[15]. - Revenue increased by approximately 11.8% from about HKD 322.4 million for the nine months ended December 31, 2021, to about HKD 360.5 million for the same period in 2022, primarily due to increased sales of specific seafood products[29]. - The cost of goods sold rose by approximately 11.8% to about HKD 299.0 million for the nine months ended December 31, 2022, from about HKD 267.3 million for the same period in 2021, aligning with revenue growth[30]. - Gross profit increased by approximately 11.6% to about HKD 61.5 million for the nine months ended December 31, 2022, maintaining a stable gross margin of approximately 17.1%[31]. Dividends - The board of directors did not recommend the payment of dividends for the nine months ended December 31, 2022[3]. - The group declared a final dividend of HKD 0.033 per share for the year ended March 31, 2022, totaling HKD 9,240,000, compared to HKD 7,000,000 for the same period in 2021[23]. - The board does not recommend any dividend distribution for the nine months ended December 31, 2022, consistent with the previous period[42]. Shareholder Information - Major shareholder 嘉信控股有限公司 holds 201,600,000 shares, representing 72% of the company's equity[47]. - The average number of issued ordinary shares was 280,000,000 for both the three and nine months ended December 31, 2022, and 2021, indicating no change in share structure[24]. - No share options were granted, exercised, expired, or lapsed during the nine months ended December 31, 2022[52]. - No major or high-shareholding shareholders have reported interests or short positions in the company's shares as of the report date[48]. Tax and Expenses - The group incurred a tax expense of HKD 2,146,000 for the three months ended December 31, 2022, compared to HKD 2,815,000 in 2021, reflecting a decrease of 23.7%[22]. - Administrative expenses rose by approximately 6.9% to about HKD 6.2 million for the nine months ended December 31, 2022, compared to HKD 5.8 million for the same period in 2021[34]. - Tax expenses increased by approximately 17.5% to about HKD 8.26 million for the nine months ended December 31, 2022, from HKD 7.03 million for the same period in 2021[36]. Company Operations - The group primarily engages in the import and wholesale of frozen seafood products and property holding[8]. - The company plans to continue seeking exclusive agency or sales arrangements with existing and new overseas suppliers to expand its product offerings and maintain competitiveness[28]. - The company has no bank borrowings as of December 31, 2022, maintaining a debt-to-equity ratio of approximately 0.1%[40]. - The net proceeds from the share issuance amounted to approximately HKD 63.0 million, providing financial resources to capitalize on opportunities and enhance market position in the frozen seafood import and wholesale industry[39]. Corporate Governance - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2022, confirming compliance with applicable accounting standards and GEM listing rules[57]. - The company has adhered to the corporate governance code since its listing on October 19, 2017[54]. - The company has adopted trading standards for directors' securities transactions in compliance with GEM listing rules[51]. - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[55]. - The company has not engaged in any trading or redemption of its listed securities during the nine months ended December 31, 2022[49]. - The company has no competition or conflict of interest involving its directors or major shareholders during the reporting period[50]. - The company aims to expand its employee stock option plan to recognize contributions from eligible participants[52].
大洋环球控股(08476) - 2023 Q3 - 季度财报