Financial Performance - For the nine months ended September 30, 2019, the company reported total revenue of HKD 133,615,000, an increase of 4.1% compared to HKD 127,312,000 for the same period in 2018[5]. - The gross profit for the nine months ended September 30, 2019, was HKD 34,008,000, a decrease of 5.8% from HKD 36,113,000 in the previous year[5]. - The operating profit for the nine months was HKD 13,955,000, down 67.8% from HKD 43,395,000 in the same period of 2018[5]. - The net profit for the nine months ended September 30, 2019, was HKD 15,291,000, a decrease of 59.0% compared to HKD 37,229,000 in the previous year[5]. - The company reported a basic and diluted earnings per share of HKD 2.36 for the nine months, down from HKD 6.26 in the same period of 2018[5]. - The total comprehensive income attributable to owners for the nine months was HKD 6,302,000, compared to HKD 25,954,000 in the previous year, reflecting a significant decline[5]. - The company experienced a foreign exchange loss of HKD 8,989,000 for the nine months, compared to a loss of HKD 11,275,000 in the previous year[5]. - Administrative expenses for the nine months were HKD 19,235,000, a decrease from HKD 21,183,000 in the same period of 2018[5]. Revenue Breakdown - Total revenue for the nine months ended September 30, 2019, was HKD 133.6 million, an increase of 5.0% compared to HKD 127.3 million in 2018[26]. - Revenue from battery packs and energy storage systems decreased by 9.8% to HKD 53.9 million, down from HKD 59.9 million in the same period last year[26]. - Revenue from the production and sale of lithium battery products and automotive glass services increased by 76.9% to HKD 24.5 million, compared to HKD 13.8 million in 2018[26]. - Installation and maintenance services revenue decreased by 8.8% to HKD 38.6 million, down from HKD 42.4 million in the previous year[26]. - Other revenue increased by 47.2% to HKD 16.6 million, compared to HKD 11.2 million in 2018[26]. Strategic Developments - The company has established a lithium battery production facility in Wuhu, Anhui Province, China, and is setting up another facility in Zhangjiagang, Jiangsu Province[23]. - The company has entered into an additional cooperation agreement with an insurance company in Hong Kong to provide automotive glass repair services[22]. - The company continues to evaluate new strategies for market expansion and product development to enhance future performance[5]. Shareholder Information - As of September 30, 2019, Dr. Li Hsien Yi holds 108,781,432 shares, representing 16.78% of the company's issued share capital[42]. - The total shares held by the concert party, including Dr. Li, Mr. Dong Qingbo, and others, amount to 449,005,649 shares, which is 69.28% of the company's issued share capital[42]. - Mr. Dong Qingbo has a personal interest in 8,863,200 shares, accounting for 1.37% of the issued share capital[42]. - Mr. Li Sheng Dian holds 37,739,263 shares, which is 5.82% of the issued share capital[42]. - Mr. Li Qing Huai has a stake of 17,487,129 shares, representing 2.70% of the issued share capital[42]. - Mr. Li Wen Yan holds 11,856,285 shares, accounting for 1.83% of the issued share capital[44]. - Mr. Shi Neng Shi has a total of 17,140,616 shares, which is 2.64% of the issued share capital[44]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the nine months ending September 30, 2019[54]. - The audit committee has been established in compliance with GEM listing rules, consisting of three independent non-executive directors[55]. - The unaudited consolidated financial information for the nine months ending September 30, 2019, has been reviewed by the audit committee[55]. - The executive directors include Ms. Li Birong and Mr. Chen Zhiliang, while the non-executive directors include the chairman and Mr. Li Shenggen[55]. Dividend Policy - The company does not recommend any dividend payment for the nine months ended September 30, 2019[17].
信义储电(08328) - 2019 Q3 - 季度财报