Financial Performance - For the nine months ended December 31, 2019, the company's revenue was approximately HKD 110.4 million, a decrease of about 7.2% from HKD 118.9 million for the same period in 2018[5]. - Gross profit for the same period was approximately HKD 21.8 million, down about 11.2% from HKD 24.5 million, resulting in a gross margin decrease from 20.6% to 19.7%[5][15]. - The company recorded a net loss of approximately HKD 4.6 million for the nine months ended December 31, 2019, compared to a net loss of HKD 1.2 million for the same period in 2018[5][17]. - The total revenue for the nine months ended December 31, 2019, was HKD 110,421,965, a decrease of 7.5% compared to HKD 118,927,672 for the same period in 2018[33]. - The gross profit for the nine months was HKD 21,753,028, down 11.3% from HKD 24,507,935 in the previous year[33]. - The company incurred a net loss attributable to owners of HKD 1,369,299 for the nine months, compared to a loss of HKD 1,177,881 in the same period of 2018[33]. - Operating loss for the nine months was HKD 951,960, compared to an operating profit of HKD 847,292 in the previous year[33]. - The basic and diluted loss per share for the nine months was HKD (0.15), compared to HKD (0.13) for the same period in 2018[33]. - The profit before tax for the nine months ended December 31, 2019, was a loss of HKD 1,507,572, compared to a loss of HKD 1,037,678 in 2018[49]. Revenue Breakdown - The revenue from offset printing accounted for HKD 84.0 million or 76.1% of total revenue, a decrease of HKD 5.2 million or 5.9% from HKD 89.3 million in the previous year[9]. - Revenue from inkjet printing was HKD 15.8 million, down HKD 2.6 million or 14.3% from HKD 18.4 million in the previous year[10]. - Other services revenue remained relatively stable at HKD 4.0 million for the nine months ended December 31, 2019, compared to HKD 4.2 million in the previous year[13]. - The total revenue from digital printing for the nine months ended December 31, 2019, was HKD 6,574,599, a decrease of 6.4% from HKD 7,028,357 in 2018[49]. - The revenue from offset printing for the nine months ended December 31, 2019, was HKD 84,030,132, down 5.6% from HKD 89,276,065 in 2018[49]. - The revenue from inkjet printing for the three months ended December 31, 2019, was HKD 5,520,567, down 23.4% from HKD 7,207,428 in 2018[48]. Cost and Expenses - The total cost of sales decreased from HKD 94.4 million in the previous year to HKD 88.7 million, consistent with the decline in revenue[14]. - The depreciation expense for the nine months ended December 31, 2019, was HKD 378,484, down from HKD 591,324 in 2018[49]. Corporate Governance - The board of directors does not recommend the payment of an interim dividend for the nine months ended December 31, 2019[18]. - The company has complied with all provisions of the corporate governance code as per GEM Listing Rules Appendix 15 for the nine months ending December 31, 2019[26]. - The company emphasizes high standards of corporate governance, including a quality board and accountability[26]. - The company has confirmed compliance with the trading code for directors as of December 31, 2019[27]. - The audit committee has reviewed the unaudited consolidated financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[31]. Shareholding and Options - As of December 31, 2019, Mr. Zhou Wenqiang holds 280,400,000 shares, representing approximately 31.16% of the company's issued share capital[20]. - Mr. Xu Qingnai owns 110,500,000 shares, accounting for approximately 12.28% of the company's issued share capital[20]. - Major shareholders include Ms. Xiao Minyin with 280,400,000 shares (31.16%) and Mr. Xie Jiaxuan with 114,760,000 shares (12.75%)[22]. - The company has adopted a share option scheme effective from February 26, 2018, which is valid for 10 years[25]. - The company has not issued any share options since the adoption of the share option scheme[25]. - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the nine months ending December 31, 2019[28]. - There are no known interests held by directors or major shareholders in any competing businesses as of December 31, 2019[29]. Business Strategy - The company plans to explore vertical and horizontal expansion and service diversification due to challenges in the traditional printing business[8]. - The company continues to focus on general printing services and trading of printing products as its main business activities[38]. - The company has a diversified customer base with no single customer accounting for more than 10% of total revenue[43].
环球印馆(08448) - 2020 Q3 - 季度财报