Financial Performance - Revenue for the nine months ended September 30, 2021, was HKD 588.6 million, an increase from HKD 325.1 million for the same period in 2020, representing an 80.9% growth[6] - Gross profit for the nine months ended September 30, 2021, was HKD 193.9 million, compared to HKD 116.1 million for the same period in 2020, reflecting a 66.8% increase[6] - Net profit attributable to owners for the nine months ended September 30, 2021, was HKD 76.3 million, up from HKD 50.9 million in the same period of 2020, marking a 50.0% increase[6] - Basic and diluted earnings per share for the nine months ended September 30, 2021, were HKD 6.93, compared to HKD 4.62 for the same period in 2020, indicating a 49.9% increase[6] - The company reported a total comprehensive income of HKD 76.2 million for the nine months ended September 30, 2021, compared to HKD 50.9 million for the same period in 2020[6] - The company experienced a significant increase in sales costs, which rose to HKD 394.6 million for the nine months ended September 30, 2021, from HKD 209.0 million in the same period of 2020[6] - Other income for the nine months ended September 30, 2021, was HKD 1.2 million, compared to HKD 1.0 million for the same period in 2020[6] - The company’s administrative expenses for the nine months ended September 30, 2021, were HKD 69.4 million, an increase from HKD 32.0 million in the same period of 2020[6] - The company incurred a tax expense of HKD 16,975 thousand for the nine months ended September 30, 2021, compared to HKD 11,031 thousand for the same period in 2020, representing a 53.1% increase[7] Revenue Breakdown - Revenue from candle products for the nine months ended September 30, 2021, was HKD 588,553,000, with significant contributions from daily candles (HKD 119,225,000) and scented candles (HKD 398,581,000)[17] - Revenue from the US market for the nine months ended September 30, 2021, reached HKD 532,484,000, up 84.4% from HKD 288,972,000 in the same period of 2020[27] - Revenue from the UK market for the nine months ended September 30, 2021, was HKD 49,023,000, an increase of 60% compared to HKD 30,654,000 in the same period of 2020[27] Costs and Expenses - The total employee costs for the nine months ended September 30, 2021, amounted to HKD 69,876 thousand, up from HKD 42,105 thousand in the same period of 2020, indicating a significant increase in workforce expenses[39] - The sales and distribution expenses increased by approximately HKD 8.5 million or 46.4% to about HKD 26.8 million, primarily due to increased freight and customs expenses[59] - Administrative expenses rose by approximately HKD 37.4 million or 116.9% to about HKD 69.4 million, mainly due to increased salaries and allowances[60] - Financing costs increased by approximately HKD 1.1 million or 44.0% to about HKD 3.6 million, attributed to higher bank borrowings[61] Market Strategy and Future Outlook - The company plans to continue expanding its market presence and investing in new product development to sustain growth[10] - The company’s management expressed confidence in future business development due to increasing consumer demand for scented candles[50] Shareholder Information - As of September 30, 2021, AVW International Limited holds 643,500,000 shares, representing 58.5% of the total issued shares[82] - Huayi Si Enterprise Limited and its controlled entities collectively hold 181,500,000 shares, accounting for 16.5% of the total issued shares[82] - The company did not declare or propose any dividends for the nine months ended September 30, 2021[46] - The company did not declare an interim dividend for the nine months ended September 30, 2021[69] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the nine months ending September 30, 2021[100] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the nine months ending September 30, 2021, ensuring compliance with applicable accounting standards[102] Other Information - The company has not adopted the new or revised Hong Kong Financial Reporting Standards that are expected to be effective from January 1, 2023, and believes they will not have a significant impact on the financial statements[14] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[80] - There are no reported mergers or acquisitions during the nine months ending September 30, 2021[78] - The company has not indicated any future performance guidance or outlook in the provided documents[80]
凯富善集团控股(08512) - 2021 Q3 - 季度财报