Financial Performance - For the nine months ended December 31, 2018, the group recorded unaudited total revenue of approximately HKD 57.6 million, an increase of about 22.6% compared to the same period in 2017[9]. - The group reported an unaudited profit attributable to owners of the company of approximately HKD 6.2 million for the nine months ended December 31, 2018, representing an increase of approximately 416.7% compared to the same period in 2017[9]. - For the three months ended December 31, 2018, the group achieved revenue of HKD 18.7 million, compared to HKD 12.4 million for the same period in 2017, marking a year-on-year increase of approximately 50.5%[10]. - The gross profit for the nine months ended December 31, 2018, was HKD 29.1 million, up from HKD 24.2 million in the same period of 2017, reflecting a growth of approximately 20.5%[10]. - The total comprehensive income for the nine months ended December 31, 2018, was HKD 4.9 million, compared to HKD 1.4 million for the same period in 2017, representing an increase of approximately 250%[10]. - The company reported a profit attributable to owners of HKD 6,237,000 for the nine months ended December 31, 2018, compared to HKD 1,192,000 in the previous year, showing a substantial increase[12]. Revenue Breakdown - Revenue from the sale of LED lighting devices reached HKD 52,117,000 for the nine months ended December 31, 2018, up 17.5% from HKD 44,368,000 in the previous year[19]. - The company’s revenue from integrated LED lighting solution services was HKD 2,565,000 for the nine months ended December 31, 2018, compared to HKD 1,951,000 in the previous year, reflecting a growth of 31.4%[19]. - The company’s revenue from LED lighting system consulting and maintenance services increased to HKD 2,807,000 for the nine months ended December 31, 2018, compared to HKD 571,000 in the previous year, indicating a significant growth[19]. - Revenue from LED lighting consulting and maintenance services increased significantly to HKD 2.8 million for the nine months ended December 31, 2018, from HKD 0.6 million for the same period in 2017[33]. Expenses and Costs - The administrative expenses for the nine months ended December 31, 2018, were HKD 19.5 million, compared to HKD 13.5 million for the same period in 2017, indicating an increase of approximately 44.6%[10]. - The cost of goods sold for the nine months ended December 31, 2018, was HKD 23,987,000, an increase from HKD 19,177,000 in the previous year, indicating a rise of 25.5%[20]. - Employee benefits expenses totaled HKD 13,631,000 for the nine months ended December 31, 2018, compared to HKD 10,490,000 in the same period of 2017, marking a 30.5% increase[21]. - The income tax expense for the nine months ended December 31, 2018, was HKD 3.7 million, up from HKD 1.9 million for the same period in 2017, primarily due to increased revenue from projects in China[38]. Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the nine months ended December 31, 2018[9]. - Major shareholders include Eight Dimensions with 337,500,000 shares (33.75%) and Garage Investment with 412,500,000 shares (41.25%)[43]. - A total of 750,000,000 shares, representing 75.00% of the company's issued share capital, are held by Eight Dimensions and Garage Investment under a concert party agreement[47]. Corporate Governance - The board is committed to maintaining high levels of corporate governance to enhance transparency and protect shareholder interests[54]. - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, but deviates from the requirement that the roles of chairman and CEO should be separated[54]. - The board believes that having the founder, Mr. Tan, serve as both chairman and CEO is beneficial for the group's business prospects and operational efficiency[56]. - The audit committee consists of independent non-executive directors, ensuring effective oversight of financial reporting processes[59]. - The board will continue to review the effectiveness of the corporate governance structure to assess the need for separating the roles of chairman and CEO[56]. Market Outlook and Challenges - The official Purchasing Managers' Index in mainland China fell below 50.0 to 49.4 in December 2018, indicating economic slowdown[41]. - The company aims to become a major player in the Hong Kong LED lighting solutions market by strengthening relationships with existing luxury brands and expanding regional coverage[41]. - The company anticipates facing various challenges in the future but is confident in its experienced team to create shareholder value[41].
英马斯集团(08136) - 2019 Q3 - 季度财报