Financial Performance - For the three months ended September 30, 2019, the company reported revenue of HKD 51,457 thousand, a decrease of 9.1% compared to HKD 57,012 thousand for the same period in 2018[6]. - The gross profit for the nine months ended September 30, 2019, was HKD 30,026 thousand, slightly down from HKD 31,257 thousand in the same period of 2018, representing a decrease of 3.9%[6]. - The company recorded a net profit of HKD 862 thousand for the three months ended September 30, 2019, compared to a profit of HKD 3,273 thousand in the same period of 2018, indicating a decline of 73.6%[9]. - Total comprehensive expenses for the nine months ended September 30, 2019, amounted to HKD 6,580 thousand, compared to HKD 11,266 thousand in the same period of 2018, reflecting a decrease of 41.5%[19]. - The company reported a total equity of HKD 230,548 thousand as of September 30, 2019, down from HKD 235,899 thousand as of September 30, 2018, reflecting a decrease of 2.3%[39]. - The total revenue for the nine months ended September 30, 2019, was HKD 153,836,000, an increase of 9.4% compared to HKD 140,605,000 for the same period in 2018[54]. - The company reported a net other income of HKD 1,884,000 for the nine months ended September 30, 2019, compared to a loss of HKD 555,000 for the same period in 2018[61]. - The company achieved a net profit of approximately HKD 1.0 million for the period, compared to a net loss of approximately HKD 4.4 million in the same period of 2018[94]. - Other income, gains, and losses for the period amounted to approximately HKD 1.9 million, compared to a loss of HKD 0.6 million for the nine months ended September 30, 2018[99]. - The profit attributable to the owners of the company for the period was approximately HKD 1.0 million, compared to a loss of HKD 4.4 million for the nine months ended September 30, 2018[101]. Revenue Breakdown - Revenue from the Chinese market (excluding Hong Kong) for the nine months ended September 30, 2019, was HKD 152,539,000, up from HKD 137,098,000 in 2018, representing an increase of 11.3%[57]. - The revenue from bonding wire products increased by 12.6% to approximately HKD 122.0 million, driven by higher sales volume[96]. - The revenue from packaging glue products decreased by 11.5% to approximately HKD 18.8 million, primarily due to a reduction in average selling prices[96]. - The total revenue from packaging materials for the nine months ended September 30, 2019, was HKD 18,800,000, a decrease of 11.5% from HKD 21,249,000 in 2018[54]. - The company reported a decrease in revenue from encapsulation materials, which totaled HKD 18,800,000 for the nine months ended September 30, 2019, down from HKD 21,249,000 in 2018[54]. Expenses and Costs - The company incurred administrative expenses of HKD 18,492 thousand for the nine months ended September 30, 2019, an increase of 24.0% from HKD 14,847 thousand in the same period of 2018[6]. - The financing costs for the nine months ended September 30, 2019, were HKD 1,544 thousand, which is significantly higher than HKD 592 thousand in the same period of 2018, representing an increase of 161.3%[6]. - The company incurred financing costs of HKD 692,000 for bank borrowings in the nine months ended September 30, 2019, compared to HKD 523,000 in 2018, reflecting a 32.3% increase[62]. - The company’s financing costs related to lease liabilities amounted to HKD 594,000 for the nine months ended September 30, 2019, with no prior costs reported in 2018[62]. - The company's cost of sales rose by 13.2% to approximately HKD 123.8 million, consistent with the revenue increase[97]. - Gross profit decreased by 3.9% to approximately HKD 30.0 million, with a slight decline in gross margin from 22.2% to 19.5%[97]. - Sales and distribution expenses decreased to HKD 7.7 million, down from HKD 8.4 million for the nine months ended September 30, 2018, while administrative expenses increased by approximately HKD 3.6 million to about HKD 18.5 million[100]. Corporate Governance and Compliance - The audit committee, composed of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the period and found them compliant with applicable accounting standards[142]. - The company has adopted a code of conduct for directors' securities transactions in accordance with GEM Listing Rules[139]. - The company has complied with the corporate governance code as stipulated in the GEM Listing Rules during the period[136]. - The company regularly reviews its corporate governance practices to ensure compliance with the corporate governance code[137]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the period[140]. Future Outlook and Strategy - The company has not provided specific guidance for future performance or new product developments in the conference call[6]. - The company continues to focus on the development and sales of semiconductor packaging materials, with no mention of market expansion or acquisitions in the report[41]. - The company is actively developing and launching new products, including mini LED packaging, which has received widespread customer recognition[94]. - The company is also working on advanced materials for the QLED and 5G network markets[94]. - The company aims to expand its customer base and enrich its product portfolio, focusing on advanced semiconductor packaging materials to meet the demands of emerging markets such as 5G, automotive electrification, and IoT[107]. - The company is implementing effective cost control measures to enhance economic efficiency, including streamlining sales processes and improving production efficiency[107]. - No significant investments or acquisitions were made during the period[108]. Shareholder Information - The company holds a 50.60% equity interest in the group, with key shareholders being Mr. Zhou and Professor Zhou, each holding 50.60% of the shares[119]. - The issued share capital of the company as of September 30, 2019, was HKD 7,055,000, divided into 705,500,000 shares with a par value of HKD 0.01 each[119]. - As of September 30, 2019, the company had issued ordinary shares amounting to HKD 7,055,000, divided into 705,500,000 shares with a par value of HKD 0.01 each[128]. - Chows Investment Group Limited holds a 100% interest in Niche Technology Investment Holdings Limited, which owns 357,000,000 shares, representing 50.60% of the issued share capital[128]. - Ms. Chow Fung Wai Lan Rita holds a spouse interest in 357,510,000 shares, accounting for 50.67% of the issued share capital[128]. - Mr. Ma Ya Mu holds a beneficial interest in 152,490,000 shares, which is 21.61% of the issued share capital[128]. - The company has not granted any options under the share option scheme as of the report date[132].
骏码半导体(08490) - 2019 Q3 - 季度财报