Financial Performance - For the nine months ended December 31, 2020, the group recorded unaudited total revenue of approximately HKD 37.6 million, a decrease of about 33.5% compared to the same period in 2019[8]. - The unaudited profit attributable to the owners of the company for the nine months ended December 31, 2020, was approximately HKD 4.8 million, a decrease of about 49.1% compared to the same period in 2019[8]. - The gross profit for the nine months ended December 31, 2020, was HKD 19.6 million, down from HKD 31.1 million in the same period of 2019, reflecting a decrease of approximately 37.0%[9]. - Operating profit for the nine months ended December 31, 2020, was HKD 5.8 million, compared to HKD 12.0 million for the same period in 2019, a decline of about 51.7%[9]. - The basic and diluted earnings per share for the nine months ended December 31, 2020, were HKD 0.48, down from HKD 0.94 in the same period of 2019[9]. - The total comprehensive income attributable to the owners of the company for the nine months ended December 31, 2020, was HKD 6.4 million, down from HKD 8.1 million in the same period of 2019[9]. - Revenue for the nine months ended December 31, 2020, was HKD 37,579,000, down from HKD 56,497,000 in the same period of 2019, indicating a decline of about 33.5%[21]. - The company reported a profit attributable to owners of the company of HKD 4,764,000 for the nine months ended December 31, 2020, compared to HKD 9,363,000 for the same period in 2019, reflecting a decline of approximately 49.1%[11]. Dividend and Retained Earnings - The board of directors did not recommend the payment of an interim dividend for the nine months ended December 31, 2020[8]. - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[33]. - The company’s retained earnings increased to HKD 20,187,000 as of December 31, 2020, up from HKD 10,436,000 a year earlier, showing a growth of 93.1%[11]. Costs and Expenses - Employee benefits expenses, including director remuneration, increased to HKD 15.9 million for the nine months ended December 31, 2020, compared to HKD 14.3 million for the same period in 2019, reflecting a rise of 11.4%[24]. - The financing costs related to lease liabilities amounted to HKD 140,000 for the nine months ended December 31, 2020, compared to zero in the previous year[23]. - The depreciation of property, plant, and equipment for administrative expenses increased to HKD 1.0 million for the nine months ended December 31, 2020, from HKD 427,000 in the same period of 2019[23]. - The company reported a tax expense of HKD 934,000 for the nine months ended December 31, 2020, compared to HKD 2.7 million for the same period in 2019, indicating a decrease of 65.0%[27]. - The company incurred inventory costs recognized as expenses of HKD 10.9 million for the nine months ended December 31, 2020, down from HKD 22.2 million in the same period of 2019[23]. - Administrative expenses reduced from approximately HKD 19.4 million for the nine months ended December 31, 2019, to approximately HKD 16.7 million for the nine months ended December 31, 2020, a decrease of about HKD 2.7 million or 13.8%[39]. - Income tax expenses decreased from approximately HKD 2.7 million for the nine months ended December 31, 2019, to approximately HKD 0.9 million for the nine months ended December 31, 2020, a reduction of about HKD 1.8 million or 64.8%[40]. Foreign Exchange and Other Income - The group experienced a foreign exchange gain of HKD 1.6 million for the nine months ended December 31, 2020, compared to a loss of HKD 1.2 million in the same period of 2019[9]. - The foreign exchange difference from the translation of overseas operations contributed HKD 1,617,000 to the total comprehensive income for the nine months ended December 31, 2020[11]. Business Operations and Strategy - The company continues to focus on the sales of LED lighting devices and integrated LED lighting solutions, with no separate operational segment financial data presented[20]. - The company aims to become a leading LED lighting solutions provider in Asia, leveraging financial resources from its successful listing on the Hong Kong GEM[43]. - The company anticipates ongoing impacts from the COVID-19 pandemic on its operations and has implemented emergency measures to mitigate these effects[43]. - The company plans to expand its customer base and establish its own factory to achieve cost savings[43]. - The company recognizes the increasing domestic demand for luxury brands in China as a growth opportunity despite the challenges posed by the pandemic[43]. Governance and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the reported amounts for the period[17]. - The company has established an audit committee to oversee financial reporting and internal control processes[64]. - The board consists of executive and independent non-executive directors, ensuring a balance of power and checks[64]. - The chairman and CEO roles are held by the same individual, which the board believes benefits the company's operational efficiency[59]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2020, confirming compliance with applicable accounting standards[64]. - The company maintains sufficient public float as of the report date[63]. - No directors or controlling shareholders have any competing business interests as of December 31, 2020[57]. - The company did not purchase, sell, or redeem any of its listed securities during the nine months ending December 31, 2020[58]. - The company has not granted any stock options under the stock option plan since its adoption[54]. - The board has adopted a code of conduct for securities trading, ensuring compliance with GEM Listing Rules[55]. Subsequent Events - There have been no significant subsequent events after the reporting period up to the date of this report[62].
英马斯集团(08136) - 2021 Q3 - 季度财报