Financial Performance - For the three months ended September 30, 2021, the company reported revenue of HKD 41,530,000, a 34% increase from HKD 30,981,000 in the same period of 2020[6] - Gross profit for the same period was HKD 16,312,000, representing a 31% increase compared to HKD 12,406,000 in 2020[6] - The company achieved a profit before tax of HKD 2,349,000, up 59% from HKD 1,477,000 in the prior year[6] - Net profit for the three months was HKD 2,397,000, a 71% increase from HKD 1,400,000 in the same quarter of 2020[6] - For the nine months ended September 30, 2021, total revenue reached HKD 131,059,000, a 43% increase from HKD 91,503,000 in 2020[6] - The company reported a net profit of HKD 9,508,000 for the nine-month period, compared to HKD 511,000 in the same period last year, marking a significant increase[6] - Revenue for the three months ended September 30, 2021, was HKD 41,518,000, representing a 34% increase from HKD 30,981,000 in the same period of 2020[17] - Revenue for the nine months ended September 30, 2021, was HKD 131,059,000, up 43% from HKD 91,503,000 in the same period of 2020[17] - The company reported a profit attributable to owners of HKD 2,218,000 for the three months ended September 30, 2021, compared to HKD 1,218,000 in the same period of 2020[27] - For the nine months ended September 30, 2021, profit attributable to owners was HKD 9,298,000, significantly up from HKD 289,000 in the same period of 2020[27] - Basic earnings per share for the three months ended September 30, 2021, was HKD 0.55, compared to HKD 0.30 for the same period in 2020[27] - Basic earnings per share for the nine months ended September 30, 2021, was HKD 2.32, a substantial increase from HKD 0.07 in the same period of 2020[27] Expenses and Costs - Employee benefit expenses totaled HKD 15,343,000 for the three months ended September 30, 2021, compared to HKD 13,840,000 in the same period of 2020[24] - Sales expenses increased by approximately HKD 2.7 million or 34.9% to HKD 10.5 million for the nine months ended September 30, 2021, in line with revenue growth[36] - Administrative expenses rose by approximately HKD 1.1 million or 3.7% to HKD 30.8 million for the nine months ended September 30, 2021[37] - Financing costs decreased from approximately HKD 2.4 million to HKD 1.0 million for the nine months ended September 30, 2021, primarily due to reduced lease liabilities[38] Strategic Focus - The company continues to focus on expanding its integrated printing services, including financial printing and marketing collateral[11] - The financial results reflect the company's ongoing strategy to enhance operational efficiency and market presence[12] - The company remains optimistic about maintaining core business despite uncertainties from the COVID-19 pandemic and will explore potential opportunities for growth[31] Governance and Compliance - The company has complied with all corporate governance code provisions applicable during the nine months ended September 30, 2021[57] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2021[61] - The company has established a governance framework in accordance with GEM listing rules, ensuring adherence to all applicable governance codes[57] - The company has adopted trading compliance standards for directors and relevant employees, with no violations reported during the nine months ended September 30, 2021[59] Shareholder Information - HM Ultimate holds 222,760,000 shares, representing 55.69% of the total issued shares as of September 30, 2021[51] - The company has granted a total of 1,000,000 stock options, with 975,000 options remaining unexercised as of September 30, 2021[54] - The stock options granted in 2018 have an exercise price of HKD 0.70, with the exercise period for Group A options ending on March 15, 2022, and for Group B options ending on March 15, 2023[54] - As of September 30, 2021, there were no other individuals holding any interests in shares or related securities apart from those disclosed[52] Dividend Policy - The company did not recommend any dividend for the nine months ended September 30, 2021, consistent with the same period in 2020[25] - The board does not recommend the distribution of dividends for the nine months ended September 30, 2021[43] Other Income - Other income decreased from a net gain of approximately HKD 4.5 million to a net loss of HKD 0.3 million for the nine months ended September 30, 2021[35] Operating Segments - The group has identified only one operating segment, which is the provision of comprehensive printing services, with most revenue generated from Hong Kong[18] Financial Reporting Standards - The company expects that the application of new Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[16]
HM INTL HLDGS(08416) - 2021 Q3 - 季度财报