Financial Performance - For the nine months ended September 30, 2021, the group's revenue was approximately HKD 171.3 million, a decrease of about 19.5% compared to the same period in 2020[9]. - The gross profit for the same period was approximately HKD 51.8 million, down about 22.3% from the previous period, with a gross margin slightly declining from approximately 31.3% to about 30.2%[9]. - The profit attributable to equity holders for the nine months was approximately HKD 10.3 million, a significant decrease of about 62.3% compared to the prior period[9]. - Earnings per share for the period were approximately HKD 2.57, compared to HKD 6.82 in the previous period[9]. - Operating profit for the nine months was approximately HKD 12.4 million, down from HKD 31.97 million in the same period last year[12]. - The total comprehensive income for the nine months was approximately HKD 11.7 million, compared to HKD 27.3 million in the previous year[14]. - The company reported a profit of HKD 27,294,000 for the nine months ended September 30, 2021, compared to HKD 166,711,000 for the same period in 2020, indicating a significant decline[16]. Revenue Breakdown - Revenue from beauty products, including cosmetics and others, for the three months ended September 30, 2021, was HKD 103,002,000, up from HKD 97,759,000 in 2020, reflecting a growth of about 5.3%[25]. - Revenue from hand sanitizers for the nine months ended September 30, 2021, was HKD 29,626,000, a decrease of 50% compared to HKD 59,486,000 in the same period of 2020[25]. - The total revenue for the nine months ended September 30, 2021, was HKD 171,342,000, down from HKD 212,798,000 in 2020, indicating a decline of approximately 19.5%[25]. Expenses and Costs - Administrative expenses for the nine months were approximately HKD 24.6 million, compared to HKD 24.1 million in the previous year[12]. - Sales and distribution expenses rose to approximately HKD 16.7 million, an increase of about HKD 3.8 million due to strong demand for shipping and freight costs amid pandemic-related delays[50]. - Other income for the nine months was approximately HKD 1.0 million, down from HKD 2.8 million in the previous year[12]. - The group reported a net loss from financing activities of approximately HKD 118, compared to a net income of HKD 336 in the previous year[12]. Shareholder Information - The board of directors did not recommend any interim dividend for the period, consistent with the previous period[9]. - The total equity attributable to owners as of September 30, 2021, was HKD 234,150,000, up from HKD 222,459,000 at the beginning of the year, reflecting an increase of about 5.5%[16]. - The company had issued 400,000,000 shares, with a potential issuance of 40,000,000 shares under the share option plan, representing 10% of the issued share capital[70]. - As of September 30, 2021, the total equity held by directors and key executives in the company amounts to 300,000,000 shares, representing 75.00% of the issued voting shares[79]. - Classic Charm Investments Limited, which is beneficially owned by Mr. Ko, Ms. Zhu, and Ms. Chan, holds 300,000,000 shares, accounting for 75.00% of the issued voting shares[83]. Corporate Governance - The board believes that the company has complied with all provisions of the corporate governance code, except for the absence of certain directors at the annual general meeting due to travel restrictions[90]. - The company has adopted a code of conduct regarding securities trading by directors and employees, ensuring compliance with the GEM Listing Rules[94]. - The audit committee was established on September 29, 2017, consisting of three independent non-executive directors[96]. - The audit committee reviewed the accounting principles and practices adopted by the group and discussed the unaudited financial information for the third quarter ending September 30, 2021[98]. Future Outlook - The group will continue to explore innovative strategies and plans to adapt to changing market preferences and customer needs[41]. - The management expressed confidence in overcoming challenges and maintaining sustainable business performance for shareholders[41]. Other Information - The company has not applied new accounting standards that have been issued but are not yet effective, and is currently assessing their impact on performance and financial position[23]. - As of September 30, 2021, the group had no significant contingent liabilities, similar to December 31, 2020[54]. - There were no significant investments or capital asset plans other than the factory expansion plan as of September 30, 2021[59]. - The group had no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[63]. - There were no reported conflicts of interest involving directors or major shareholders during the nine months ending September 30, 2021[88].
德宝集团控股(08436) - 2021 Q3 - 季度财报