Financial Performance - For the three months ended December 31, 2020, the company reported revenue of HKD 38,157,000, an increase from HKD 36,181,000 in the same period of 2019, representing a growth of 5.4%[8] - The gross profit for the same three-month period was HKD 24,375,000, compared to HKD 23,533,000 in 2019, indicating a year-on-year increase of 3.6%[8] - The net profit for the three months ended December 31, 2020, was HKD 8,533,000, up from HKD 4,658,000 in the previous year, reflecting an increase of 83.5%[8] - For the nine months ended December 31, 2020, total revenue reached HKD 105,933,000, slightly higher than HKD 105,576,000 in the same period of 2019, showing a marginal growth of 0.3%[8] - The total comprehensive income for the nine months ended December 31, 2020, was HKD 21,984,000, significantly higher than HKD 11,110,000 in the previous year, representing a growth of 97.5%[8] - The company reported a basic earnings per share of HKD 0.76 for the three months ended December 31, 2020, compared to HKD 0.42 in the same period of 2019, marking an increase of 81%[8] - Basic earnings per share for the three months ended December 31, 2020, was HKD 8,533, compared to HKD 4,658 in 2019, representing an increase of 83.5%[28] - The group’s revenue increased from approximately HKD 105,600,000 to HKD 105,900,000, a growth of about 0.3% due to an increase in online sales by approximately HKD 9,200,000[35] - Gross profit rose from approximately HKD 67,200,000 to HKD 69,200,000, an increase of about 3.1%, with the gross margin improving from approximately 63.6% to 65.4%[37] - Net profit surged from approximately HKD 11,100,000 to HKD 22,000,000, an increase of about 97.9%, with the net profit margin rising from approximately 10.5% to 20.8%[44] - Basic earnings per share increased from approximately HKD 0.99 to HKD 1.96, reflecting an increase of about HKD 0.97[45] Financial Position - The company’s retained earnings increased to HKD 98,051,000 as of December 31, 2020, up from HKD 76,067,000 at the beginning of the period, indicating a growth of 29%[10] - The company has maintained a stable financial position with total equity reaching HKD 147,062,000 as of December 31, 2020, compared to HKD 125,078,000 at the start of the period[10] - The group has no significant capital commitments or contingent liabilities as of December 31, 2020[48][50] Strategic Plans - The company plans to continue expanding its product offerings and market presence, focusing on beauty and health products[13] - The management remains optimistic about future growth prospects, driven by ongoing product development and market expansion strategies[13] - The company plans to transfer its shares from GEM to the Main Board, indicating a strategic move for market expansion[23] - The group aims to enhance competitiveness by expanding its sales network, enriching its product portfolio, and developing its e-commerce business[34] - The group believes it is well-positioned to seize growth opportunities in the skincare and cosmetics market in Hong Kong[34] Corporate Governance - The company has adhered to the corporate governance code, with a noted deviation regarding the separation of the roles of Chairman and CEO[65] - The board believes that having Ms. Yuan Miming serve as both Chairman and CEO is in the best interest of the group[66] - The board is committed to good corporate governance standards to protect shareholder interests and enhance corporate value[64] - The audit committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors[69] - The audit committee's main responsibilities include independent review of internal audit functions, financial reporting procedures, internal controls, and risk management systems[69] - The audit committee has reviewed the unaudited quarterly results for the nine months ended December 31, 2020[69] Shareholder Information - As of December 31, 2020, Prime Era Holdings Limited holds 559,000,000 shares, representing 49.9% of the company's equity[58] - Ms. Xing Jiajue owns 251,000,000 shares, accounting for 22.4% of the company's equity[58] - The company has not disclosed any other individuals with 5% or more equity interests apart from those mentioned[59] Dividends - The company did not recommend any interim dividend for the nine months ended December 31, 2020, compared to HKD 6,720,000 in dividends for the same period in 2019[30] - The group did not declare or propose any dividends for the nine months ended December 31, 2020[47] Other Financial Details - The pre-tax profit for the three months ended December 31, 2020, was HKD 5,222,000, down from HKD 6,592,000 in 2019, a decrease of 20.8%[23] - The income tax expense for the three months ended December 31, 2020, was HKD 1,966,000, compared to HKD 1,566,000 in 2019, an increase of 25.5%[25] - The total employee benefit expenses for the three months ended December 31, 2020, were HKD 5,222,000, down from HKD 6,592,000 in 2019, a decrease of 20.8%[23] - The company has applied the revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial performance for the current and prior periods[20] - Other income increased significantly from approximately HKD 500,000 to HKD 3,900,000, a rise of about 772.7%, mainly due to foreign exchange gains and government subsidies[38] - The company has not granted any stock options under its stock option plan since its adoption on January 23, 2018[61] - There were no purchases, sales, or redemptions of the company's listed securities during the nine months ended December 31, 2020[67] - The company has no interests in any competing businesses as of December 31, 2020[63]
弥明生活百货(08473) - 2021 Q3 - 季度财报