Financial Performance - For the nine months ended March 31, 2019, the company reported a revenue of HKD 110,262,000, a decrease of 8.5% compared to HKD 115,530,000 for the same period in 2018[7]. - The gross profit for the nine months ended March 31, 2019, was HKD (8,064,000), compared to HKD (19,464,000) for the same period in 2018, indicating an improvement in loss[7]. - The operating loss for the nine months ended March 31, 2019, was HKD 17,677,000, a significant reduction from HKD 73,466,000 in the previous year[7]. - The company recorded a net profit of HKD 1,261,000 for the three months ended March 31, 2019, compared to a loss of HKD (52,736,000) for the same period in 2018[9]. - The total comprehensive income for the nine months ended March 31, 2019, was HKD (17,894,000), an improvement from HKD (73,169,000) in the previous year[9]. - Basic earnings per share for the nine months ended March 31, 2019, was HKD 0.009, compared to a loss of HKD (1.034) for the same period in 2018[7]. - The company reported a loss attributable to owners of approximately HKD 14,501,000 for the nine months ended March 31, 2019, a decrease of 77% compared to a loss of HKD 62,209,000 for the same period in 2018[33]. - Total revenue for the nine months ended March 31, 2019, was approximately HKD 110,262,000, representing a decrease of about 5% from HKD 115,530,000 in the same period of 2018[33]. Segment Performance - The swimwear and apparel segment generated revenue of approximately HKD 34,502,000, down from HKD 52,409,000 in the same period of 2018, with a gross loss of HKD 11,622,000[33]. - The trading and online shopping segment reported revenue of approximately HKD 75,630,000, an increase from HKD 62,924,000 in the same period of 2018, with a gross profit of HKD 3,427,000[34]. - The lending segment generated revenue of approximately HKD 131,000, with a gross profit margin of 100% for the nine months ended March 31, 2019[36]. Business Strategy and Operations - The company is engaged in the production and trading of high-end swimwear and apparel products, as well as online shopping and media-related services[15]. - The company has not disclosed any new product launches or technological developments during this reporting period[15]. - There are no updates on market expansion or mergers and acquisitions mentioned in the report[15]. - The company implemented effective cost control measures to manage its business cost structure during the period[38]. - The company maintained a cautious approach towards business expansion while seeking different revenue sources[38]. - The swimwear and apparel segment continues to see a decline in high-end product orders due to intense market competition, prompting the company to actively seek new customers and product opportunities[40]. - The trading and online shopping segment, which began in June 2017 with a second-hand mobile phone trading business, has stable customer demand, and the company will continue to explore other opportunities in this area[40]. - The company has obtained a lending license in July 2017 and commenced lending operations in August 2017 as part of its diversification strategy[41]. - The company is considering diversifying its business, including investing in financial instruments to optimize cash management and ensure cash availability[41]. Shareholder Information - Major shareholders include Liu Zhi Yuan with 1,490,741,995 shares (21.83%), JL Investments with 1,416,741,995 shares (20.75%), and Big Good Management Limited with 1,350,533,845 shares (19.78%) as of March 31, 2019[46]. - The total issued share capital as of March 31, 2019, was 6,828,772,313 shares, with the percentage of shares held by major shareholders calculated accordingly[52]. - The new share option plan allows for a maximum of 10% of the company's issued shares to be granted as unexercised options at any time[42]. - The exercise price of the share options is determined by the board and cannot be lower than the highest of the closing price on the offer date or the average closing price over the previous five trading days[42]. - Big Good has 1,063,333,333 non-voting convertible preference shares with a conversion price adjusted from HKD 0.13 to HKD 0.12[56]. - The B series of non-voting convertible preference shares consists of 204,100,000 shares, with the conversion price adjusted from HKD 0.032 to HKD 0.030[56]. - No shares were repurchased, purchased, or sold by the company or its subsidiaries during the reporting period[57]. Corporate Governance - As of March 31, 2019, the company had no unexercised share options under the new share option plan, which was approved on November 28, 2017[44]. - As of March 31, 2019, no directors, major shareholders, or management shareholders have any competing business interests[58]. - The audit committee, composed of three independent non-executive directors, reviewed the unaudited performance for the nine months ending March 31, 2019[59]. - The company has adhered to the corporate governance code as per GEM listing rules, except for specific provisions regarding the term of non-executive directors[62]. - All directors complied with the trading standards set forth in the company's code of conduct regarding securities transactions[63]. - The company is not aware of any incidents of employees violating the code of conduct[64]. - The report was issued on May 8, 2019, by the chairman of the company[65].
荟萃国际(控股)(08041) - 2019 Q3 - 季度财报