Financial Performance - For the nine months ended December 31, 2019, the group recorded unaudited total revenue of approximately HKD 56.5 million, a decrease of about 1.9% compared to the same period in 2018[9] - The profit attributable to owners of the company for the nine months ended December 31, 2019, was approximately HKD 9.4 million, an increase of about 50.1% compared to the same period in 2018[9] - The group reported a gross profit of HKD 31.1 million for the nine months ended December 31, 2019, compared to HKD 29.1 million for the same period in 2018, reflecting an increase in gross profit margin[10] - The total comprehensive income for the nine months ended December 31, 2019, was HKD 8.1 million, compared to HKD 4.9 million for the same period in 2018, indicating a significant improvement[10] - The basic and diluted earnings per share for the nine months ended December 31, 2019, were HKD 0.94, compared to HKD 0.62 for the same period in 2018, representing a growth of approximately 51.6%[10] - Revenue for the nine months ended December 31, 2019, was HKD 56,497,000, slightly down from HKD 57,570,000 in the same period of 2018, indicating a decrease of 1.9%[19] - The company recognized a total comprehensive income of HKD 8,120,000 for the nine months ended December 31, 2019, compared to HKD 4,889,000 for the same period in 2018, reflecting a significant increase of 66.5%[12] - The profit attributable to the company's owners increased to approximately HKD 9.4 million for the nine months ended December 31, 2019, compared to HKD 6.2 million for the same period in 2018, reflecting an increase of approximately 51.6%[32] Cost Management - The direct costs for the nine months ended December 31, 2019, were HKD 25.4 million, down from HKD 28.4 million in the same period in 2018, indicating improved cost management[10] - The cost of goods sold for the nine months ended December 31, 2019, was HKD 22,158,000, down from HKD 23,987,000 in the previous year, representing a decrease of 7.6%[20] - Direct costs decreased by approximately HKD 3.1 million or 10.8% to about HKD 25.4 million for the nine months ended December 31, 2019, compared to HKD 28.4 million for the same period in 2018[29] Expenses - The administrative expenses for the nine months ended December 31, 2019, were HKD 19.4 million, slightly decreased from HKD 19.5 million in the same period in 2018[10] - Employee benefits expenses for the nine months ended December 31, 2019, were HKD 14,273,000, up from HKD 13,631,000 in 2018, marking an increase of 4.7%[21] - The company's income tax expense decreased by approximately HKD 1.0 million or 27.5% to about HKD 2.7 million for the nine months ended December 31, 2019, compared to HKD 3.7 million for the same period in 2018[31] - The company’s depreciation expense for the nine months ended December 31, 2019, was HKD 427,000, compared to HKD 329,000 in the previous year, indicating an increase of 29.8%[20] Shareholder Information - The board did not recommend the payment of an interim dividend for the nine months ended December 31, 2019[9] - The company does not recommend the payment of an interim dividend for the nine months ended December 31, 2019, consistent with the previous year[25] - Mr. Tan Yiming holds 490,000,000 shares (49%) through The Garage Investment Limited, which he fully owns[37] - Eight Dimensions Investment Limited and Mr. Yang Yuanteng collectively hold 750,000,000 shares, representing 75% of the total issued share capital[38] - The company has not granted any options under the share option scheme since its adoption[44] Corporate Governance - The board is committed to maintaining high levels of corporate governance to enhance transparency and protect shareholder interests[51] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[45] - The company has appointed Huifu Financing Limited as a compliance advisor, confirming its independence[50] - No directors or major shareholders have any competing business interests as of December 31, 2019[48] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2019, and believes the performance complies with applicable accounting standards and GEM listing rules[57] - The audit committee consists of independent non-executive directors, including Mr. Zhu Xian Gan (Chairman), Dr. Li Hui Xin, and Mr. Xia Yao Rong[55] - The company maintains sufficient public float as of the report date[54] Market Environment - The ongoing US-China trade war has increased business uncertainty, particularly affecting metal prices due to tariffs on steel and aluminum[35] - The company anticipates that the increasing wealth of Chinese residents will attract luxury brands to enter the Chinese market, providing valuable opportunities for market penetration[36] - The management team is closely monitoring the potential impacts of the recent coronavirus outbreak on the business environment in Southeast Asia[35] Future Plans - The company aims to become a leading LED lighting solutions provider in Hong Kong and plans to establish its own factory to achieve cost savings[35] Other Information - There were no purchases, sales, or redemptions of the company's listed securities during the nine months ending December 31, 2019[49] - There have been no significant post-reporting events up to the report date[53]
英马斯集团(08136) - 2020 Q3 - 季度财报