Financial Performance - Revenue for the three months ended December 31, 2018, was HKD 94.1 million, representing a 35.8% increase compared to HKD 69.3 million in the same period of 2017[7] - Gross profit for the same period was HKD 47.7 million, up 31.0% from HKD 36.4 million year-on-year[7] - Operating profit surged by 112.5% to HKD 30.6 million, compared to HKD 14.4 million in the previous year[7] - Profit before tax increased by 63.9% to HKD 23.6 million, compared to HKD 14.4 million in the same quarter of 2017[7] - Net profit for the period was HKD 18.3 million, a 53.8% increase from HKD 11.9 million year-on-year[7] - Basic earnings per share for the three months ended December 31, 2018, was HKD 2.91, up 17.8% from HKD 2.47 in the same period of 2017[8] - The company reported a total comprehensive income of HKD 18.4 million for the nine months ended December 31, 2018, compared to HKD 11.9 million in the previous year[12] - The comprehensive income for the nine months ended December 31, 2018, was HKD 18,395,000, compared to HKD 13,989,000 for the same period last year, reflecting a growth of approximately 31%[15] - The company reported a profit of HKD 46,052,000 for the nine months ended December 31, 2018, up from HKD 32,096,000 for the same period in the previous year, indicating a year-over-year increase of about 43%[15] Acquisitions and Expansion - The company completed the acquisition of 70% of Earn World Development Limited, expanding its operations in Hong Kong and China[22] - The company also acquired a 75% stake in Newport Tek Pty Ltd, which allows it to provide embedded system solutions in Australia[22] - The company has made a capital commitment of approximately HKD 210.0 million due to the acquisition of Earn World Development, with HKD 9.6 million already paid[64] - The company completed the acquisition of 70% of Earn World Development for HKD 210.0 million, with HKD 16.0 million paid in cash and HKD 194.0 million through promissory notes[66] - The acquisition of Earn World Development is expected to enhance the company's market share in software solutions and strengthen its financial position in Hong Kong[66] - The company entered into a subscription agreement to acquire 75% of Newport for approximately AUD 360.0 million, aimed at expanding into overseas software solutions[67] Revenue Sources - Revenue from the procurement of electronic payment terminals and related equipment was approximately HKD 31.1 million, up about 81.9% from HKD 17.1 million in the same period last year[49] - Revenue from system support and software solution services was approximately HKD 63.0 million, an increase of about 20.7% compared to HKD 52.2 million in the same period last year[49] - For the nine months ended December 31, 2018, revenue totaled HKD 94,085 thousand, an increase of 35.8% from HKD 69,289 thousand in the prior year[33] Corporate Governance - The company has adopted the principles and code provisions of the Corporate Governance Code as per GEM listing rules[105] - The company is committed to maintaining high levels of corporate governance, emphasizing a high-quality board and accountability[103] - The chairman and CEO roles are held by the same individual, which the board believes enhances effective business planning and decision-making[105] - The company has established an audit committee to oversee financial reporting and internal controls[106] Management and Strategic Focus - The company aims to expand its market presence and enhance product offerings in the upcoming quarters[7] - The management discussed ongoing research and development efforts for new products and technologies to drive future growth[7] - The group’s management expects continued focus on expanding electronic payment solutions and related services in the upcoming quarters[41] - The company is exploring potential mergers and acquisitions to strengthen its market position and operational capabilities[7] Financial Position - As of December 31, 2018, the total equity attributable to owners was HKD 111,585,000, an increase from HKD 98,543,000 as of April 1, 2018[15] - The company’s retained earnings increased to HKD 21,845,000 as of December 31, 2017, from HKD 9,990,000 as of April 1, 2017, showing a significant growth[19] - The company maintained a capital debt ratio of 4.6% as of December 31, 2018, down from 5.8% as of March 31, 2018[59] Tax and Compliance - The total tax expense for the period was HKD (279) thousand, compared to HKD 865 thousand in the same period of 2017[35] - The group has not made any provision for corporate income tax in China as there were no taxable profits generated during the reporting period[36] - The company adopted the new and revised Hong Kong Financial Reporting Standards effective from April 1, 2018, which did not have a significant impact on its financial performance[26] Shareholder Information - The company has not declared any dividends for the reporting period, consistent with the previous period[68] - As of December 31, 2018, Mr. Lau holds 345,600,000 shares, representing 72% of the issued share capital[76] - The total net proceeds from the GEM listing amounted to approximately HKD 35.1 million, allocated for various IT personnel hires and operational needs[70] Other Information - The company reported its unaudited consolidated quarterly results for the third quarter of 2018[107] - The audit committee confirmed that the financial results comply with applicable accounting standards and GEM listing rules[107] - The company plans to seek shareholder approval for new supply and service agreements established in late 2018[109] - The company is undergoing management changes, with the vice chairman resigning and an executive director transitioning to a non-executive role[109]
俊盟国际(08062) - 2019 Q3 - 季度财报