Financial Performance - Boltek Holdings Limited reported a significant increase in revenue for the third quarter of 2021, achieving a total of $10 million, representing a 25% growth compared to the same period last year[4]. - Revenue for the three months ended September 30, 2021, was HK$28,700,000, representing a 10.5% increase from HK$25,055,000 in the same period of 2020[11]. - Gross profit for the nine months ended September 30, 2021, was HK$32,786,000, up 9.4% from HK$29,787,000 in the previous year[11]. - Profit before income tax for the three months ended September 30, 2021, was HK$4,913,000, a decrease of 22.6% compared to HK$6,352,000 in 2020[11]. - Profit attributable to owners of the Company for the nine months ended September 30, 2021, was HK$13,459,000, slightly down from HK$13,992,000 in the same period of 2020[11]. - The total comprehensive income for the period attributable to owners of the Company for the three months ended September 30, 2021, was HK$4,242,000, compared to HK$5,853,000 in 2020[11]. - For the nine months ended 30 September 2021, the Group recorded a net profit of approximately HK$13.5 million, compared to HK$14.0 million for the same period in 2020[46]. - The Group's revenue increased to approximately HK$90.3 million for the nine months ended 30 September 2021, representing an increase of approximately HK$14.3 million or 18.9% from approximately HK$75.9 million for the corresponding period in 2020[48]. Operational Efficiency - Boltek Holdings Limited has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in operational costs by the next fiscal year[4]. - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[46]. - The increase in adjusted net profit for the period was mainly due to the increase in the number of technical staff, enhancing the Group's productivity[46]. - The increase in cost of revenue was mainly attributed to higher direct labor costs[52]. Market Expansion and Development - Boltek Holdings Limited is planning to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[4]. - The company is actively investing in new product development, with a budget allocation of $2 million for research and development in innovative technologies[4]. - The company is considering strategic acquisitions to enhance its product offerings, with potential targets identified in the technology sector[4]. - The company has established a new partnership with a leading tech firm to enhance its service capabilities, expected to launch in Q1 2022[4]. Shareholder Information - As of September 30, 2021, Cheung Kwan Tar holds 426,000,000 shares, representing 53.25% of the company's total shareholding[64]. - Waywin Investment Holding Limited holds 426,000,000 shares, representing 53.25% of the total shareholding[66]. - Cheng Chi Heng owns 58,800,000 shares, accounting for 7.35% of the total shareholding[66]. - Polar Lights Limited, a controlled corporation of Wong Che Shing, holds 57,600,000 shares, which is 7.20% of the total shareholding[66]. - Lam Mi Yung is deemed to be interested in 57,600,000 shares through her spouse, Wong Che Shing, representing 7.20%[71]. Corporate Governance - The company is committed to high standards of corporate governance to enhance confidence among shareholders and business partners[72]. - The company has complied with the Corporate Governance Code throughout the nine months ended September 30, 2021[72]. - The company established an Audit Committee in compliance with GEM Listing Rules, consisting of three independent non-executive directors[82]. - The Audit Committee comprises three independent non-executive Directors, ensuring compliance with financial reporting and risk management[77]. - The financial statements and reports are subject to review and recommendations by the Audit Committee[82]. - The unaudited third-quarter results for the nine months ending September 30, 2021, have been reviewed by the Audit Committee members[83]. Earnings and Dividends - Basic and diluted earnings per share for the three months ended September 30, 2021, was 0.53 HK cents, compared to 0.73 HK cents in 2020[11]. - Administrative expenses for the nine months ended September 30, 2021, were HK$17,351,000, a decrease from HK$18,866,000 in the previous year[11]. - The Board does not recommend the payment of dividends for the nine months ended September 30, 2021, consistent with the previous period[55]. - The company did not recommend any dividend payments for the current reporting period, maintaining a consistent policy from the previous year[55].
宝燵控股(08601) - 2021 Q3 - 季度财报