Financial Performance - For the three months ended September 30, 2019, the company reported revenue of HKD 28,551,000, a decrease of 8.7% compared to HKD 31,275,000 for the same period in 2018[5] - Gross profit for the three months ended September 30, 2019, was HKD 11,843,000, down 15.8% from HKD 14,075,000 in the previous year[5] - The company recorded a loss before tax of HKD 2,337,000 for the three months ended September 30, 2019, compared to a profit of HKD 1,172,000 in the same period of 2018[5] - The net loss attributable to owners of the company for the three months ended September 30, 2019, was HKD 2,213,000, compared to a profit of HKD 827,000 in the prior year[6] - For the nine months ended September 30, 2019, total revenue increased to HKD 104,314,000, up 2.7% from HKD 101,634,000 in 2018[5] - The gross profit for the nine months ended September 30, 2019, was HKD 46,731,000, slightly down from HKD 46,949,000 in the same period of 2018[5] - The company reported a profit for the nine months ended September 30, 2019, of HKD 4,269,000, a decrease of 36.2% from HKD 6,687,000 in the previous year[6] - The company’s total comprehensive income for the nine months ended September 30, 2019, was HKD 4,262,000, down from HKD 6,687,000 in the previous year[6] Earnings Per Share - Basic and diluted loss per share for the three months ended September 30, 2019, was HKD (0.55), compared to earnings of HKD 0.21 per share in the same period of 2018[6] - The basic and diluted loss per share for the three months ended September 30, 2019, was HKD (0.55), compared to HKD 0.21 for the same period in 2018[21] Expenses - Total employee benefit expenses for the nine months ended September 30, 2019, amounted to HKD 35.132 million, an increase from HKD 31.518 million in the same period of 2018[18] - Selling expenses increased by approximately HKD 79,000, or 0.9%, to approximately HKD 8.9 million for the nine months ended September 30, 2019[30] - Administrative expenses increased by approximately HKD 1.4 million, or 4.7%, to approximately HKD 31.1 million for the nine months ended September 30, 2019[31] Dividends - The company did not propose any dividend for the nine months ended September 30, 2019, compared to zero in the same period of 2018[19] - The group did not propose any dividend for the nine months ended September 30, 2019, compared to a dividend of HKD 10 million for the six months ended June 30, 2018[35] Tax and Compliance - The company’s income tax expense for the nine months ended September 30, 2019, was HKD 1.704 million, a decrease from HKD 1.933 million in the same period of 2018[16] - The company has complied with all applicable codes of the corporate governance code as of September 30, 2019[47] - The company has adopted the GEM Listing Rules regarding securities trading standards for its directors[49] Business Operations - The company continues to focus on expanding its integrated printing services, including financial printing and marketing collateral printing[11] - Revenue from financial printing projects increased by approximately HKD 5.3 million during the same period[24] - The company acquired a 22.85% stake in Luxembourg-based software technology company Wordbee S.A. in August 2019, which is expected to enhance the development of translation processes and computer-assisted translation tools[24] Stock Options - As of September 30, 2019, a total of 1,200,000 stock options remain unexercised, consisting of 25,000 from Group A and 1,175,000 from Group B[44] - No stock options were granted under the plan during the nine months ended September 30, 2019, and no options were exercised during this period[44] - No stock options were exercised in 2018, and the same was true for the nine months ended September 30, 2019[44] Financial Position - The company’s total assets and liabilities are primarily located in Hong Kong, with no independent segment reporting[15] - The implementation of new Hong Kong Financial Reporting Standards did not have a significant impact on the financial performance and position of the company during the reporting period[14] - The group has no significant contingent liabilities as of September 30, 2019[34] Outlook and Risks - The group maintains an optimistic outlook despite economic uncertainties in 2019, focusing on core business and seeking development opportunities[25] - The group will continue to review and monitor foreign exchange risks as needed, although it currently does not have significant exposure[36] Audit and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2019[51] - The company has not identified any violations of the employee written guidelines regarding securities trading during the nine months ended September 30, 2019[49] - There were no interests in competing businesses held by directors or controlling shareholders as of September 30, 2019[48]
HM INTL HLDGS(08416) - 2019 Q3 - 季度财报