Financial Performance - For the three months ended September 30, 2021, the company reported revenue of HKD 61,086,000, representing a 31.0% increase from HKD 46,592,000 in the same period of 2020[6] - The gross profit for the nine months ended September 30, 2021, was HKD 40,569,000, up 82.0% from HKD 22,317,000 in the same period of 2020[6] - The company achieved a profit before tax of HKD 9,444,000 for the nine months ended September 30, 2021, compared to a loss of HKD 5,144,000 in the same period of 2020[6] - The net profit for the three months ended September 30, 2021, was HKD 2,126,000, a turnaround from a loss of HKD 3,666,000 in the same period of 2020[6] - The company reported total comprehensive income of HKD 2,303,000 for the three months ended September 30, 2021, compared to a total comprehensive loss of HKD 2,433,000 in the same period of 2020[9] - Basic earnings per share for the three months ended September 30, 2021, was HKD 0.30, compared to a loss per share of HKD 0.52 in the same period of 2020[9] - Revenue for the nine months ended September 30, 2021, reached HKD 183,376 thousand, up 58.5% from HKD 115,827 thousand in the same period of 2020[22] - For the nine months ended September 30, 2021, the company's revenue was approximately HKD 183.4 million, an increase of 58.3% compared to HKD 115.8 million for the same period in 2020[50] - Gross profit for the same period increased by 81.8% to approximately HKD 40.6 million, with a gross margin of 22.1%, up from 19.3% in the previous year[51] - The company reported a profit attributable to owners of approximately HKD 6.3 million for the nine months ended September 30, 2021, compared to a loss of HKD 6.4 million for the same period in 2020[55] Revenue Sources - Key product revenue for the nine months included HKD 129,130 thousand from bonding wire, a 46.4% increase from HKD 88,176 thousand in 2020[22] - Revenue from packaging materials for the nine months was HKD 47,533 thousand, a 138.0% increase from HKD 19,864 thousand in 2020[22] - Revenue from customers in mainland China (excluding Hong Kong) for the nine months was HKD 181,635 thousand, a 57.7% increase from HKD 115,068 thousand in 2020[25] Costs and Expenses - Total employee costs for the nine months ended September 30, 2021, were HKD 25,732 thousand, an increase from HKD 20,141 thousand in 2020[37] - Sales and distribution expenses increased by 27.9% to approximately HKD 9.6 million, primarily due to increased freight and travel expenses related to higher sales[54] - The sales cost for the nine months ended September 30, 2021, increased by 52.7% to approximately HKD 142.8 million, consistent with revenue growth[51] - The group incurred finance costs of HKD 290 thousand for bank loans in the nine months ended September 30, 2021, down from HKD 353 thousand in 2020[30] Government Support and Grants - The group received government grants totaling HKD 1,243 thousand for the nine months ended September 30, 2021, compared to HKD 3,478 thousand in 2020[29] - Other income and losses for the period were approximately HKD 1.3 million, a decrease from HKD 2.9 million in the previous year, mainly due to the absence of one-time government subsidies[52] Research and Development - The company continues to focus on developing advanced semiconductor materials suitable for the LED, AI, 5G, and automotive industries[47] - The company’s R&D expenses (excluding depreciation and employee costs) were approximately HKD 0.4 million for the nine months ended September 30, 2021, down from HKD 0.6 million in the previous year[51] - The group has launched three new LED application products, including non-conductive epoxy resin, non-conductive silicone, and conductive silver glue, expected to generate revenue in the coming years[60] - The company has developed a new type of copper alloy bonding wire specifically for IC products, which has received positive feedback from customers[60] Future Outlook - The company has not disclosed specific future outlook or guidance in the provided documents[6] - The company anticipates an increase in semiconductor demand due to the rapid development of 5G networks and big data processing systems[60] - The board remains optimistic about future industry developments, particularly in emerging markets such as 5G networks, automotive electrification, industrial automation, IoT, and AI[61] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal control processes[92] - The company has complied with the corporate governance code as stipulated in the GEM Listing Rules during the reporting period[86] - The company has not identified any business or interests that may compete with its operations from its directors or controlling shareholders[85] Shareholder Information - As of September 30, 2021, the company has issued capital of HKD 7,055,000, divided into 705,500,000 shares with a par value of HKD 0.01 each[68] - Major shareholders include Junma Technology Investment Holdings Limited and Chows Investment Group Limited, each holding 357,000,000 shares, representing 50.60% of the issued capital[76] - Chow Kuo Li Jen holds 100% equity in Chows Investment Group Limited, which is considered to have an interest in 357,000,000 shares of the company[2] - As of September 30, 2021, the beneficial ownership of shares includes 510,000 shares held by a director, representing 0.07% of the issued capital[66] Share Option Scheme - The company has not granted any share options under the share option scheme since its adoption on May 8, 2018, and there are no unexercised options as of September 30, 2021[4] - The share option scheme allows for a maximum of 68,000,000 shares to be granted, which is 10% of the shares issued at the time of listing on GEM[82] - The company has not issued any share options since the adoption of the scheme, and no options have lapsed, been exercised, or cancelled during the reporting period[84] Acquisitions and Disposals - The company has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[63] - The company is actively seeking potential acquisition opportunities to enhance its market position[61] Operational Challenges - The production of the innovative mini LED display packaging product was delayed by over six months due to COVID-19 but is now gradually returning to normal operations[60]
骏码半导体(08490) - 2021 Q3 - 季度财报