Financial Performance - Total revenue for the nine months ended September 30, 2022, was approximately HKD 63,077,000, a decrease of about 17% compared to HKD 75,994,000 for the same period in 2021[22] - The profit attributable to the owners of the company for the nine months ended September 30, 2022, was approximately HKD 1,949,000, compared to a loss of HKD 4,196,000 for the same period in 2021[22] - Earnings per share for the nine months ended September 30, 2022, was approximately 0.7 HK cents, compared to a loss of 1.5 HK cents for the same period in 2021[22] - Revenue from personnel dispatch services for the nine months ended September 30, 2022, was HKD 34,891,000, down from HKD 40,098,000 for the same period in 2021[29] - The total comprehensive income for the nine months ended September 30, 2022, was HKD 1,949,000, a recovery from a total comprehensive loss of HKD 4,196,000 in the same period of 2021[39] - Other income increased from approximately HKD 200,000 for the nine months ended September 30, 2021, to approximately HKD 4.9 million for the same period in 2022, mainly due to local government subsidies related to employee hiring[55] - Unaudited employee benefit expenses decreased from approximately HKD 55.2 million for the nine months ended September 30, 2021, to approximately HKD 51.6 million for the same period in 2022, primarily due to the termination of certain projects and cessation of hiring customer contact center agents[55] - Unaudited other operating expenses decreased from approximately HKD 16.2 million for the nine months ended September 30, 2021, to approximately HKD 8.7 million for the same period in 2022, a reduction of about HKD 7.5 million[55] - The group's unaudited depreciation and amortization expenses decreased from approximately HKD 7.7 million for the nine months ended September 30, 2021, to approximately HKD 4.9 million for the same period in 2022[57] - The increase in profit was mainly due to the rise in other income related to subsidies[58] Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the nine months ended September 30, 2022[34] - The company does not recommend the payment of an interim dividend for the nine months ended September 30, 2022, consistent with the previous year[41] - As of September 30, 2022, the company’s major shareholder, Wan Shi Da Enterprises Limited, holds 210,000,000 shares, representing 75% of the issued share capital[70] - The company’s major shareholder, Song Ling Elderly Care Group Limited, holds 15,625,000 shares, accounting for 5.58% of the issued share capital[73] - The company’s major shareholder, Song Ling You Tai Limited, also holds 15,625,000 shares, representing 5.58% of the issued share capital[73] - The interests held by Mr. Tang Chengbo, a deceased non-executive director, are part of his will and are held by Wan Shi Da Enterprises Limited[71] Compliance and Governance - The company has complied with all provisions of the GEM Listing Rules Appendix 15 Corporate Governance Code during the nine months ended September 30, 2022[58] - The audit committee reviewed the unaudited interim results for the nine months ended September 30, 2022, and confirmed compliance with Hong Kong Generally Accepted Accounting Principles[76] - The company has made sufficient disclosures in accordance with the Securities and Futures Ordinance[73] - The company has no provisions in its articles of association or Cayman Islands law requiring it to offer new shares to existing shareholders on a pro-rata basis[77] - There were no share options granted, exercised, expired, or lapsed under the share option scheme during the nine months ended September 30, 2022[60] - No directors or major shareholders held any interests in businesses that compete or may compete with the group's business as of September 30, 2022[67] - The company has no other disclosures regarding interests or short positions held by directors or major executives as of September 30, 2022[73] Market and Operational Insights - The local unemployment rate decreased from 4.1% in Q2 to 3.9% in Q3 2022, indicating a labor shortage that is affecting recruitment and labor costs[52] - The company anticipates that service demand levels may not return to pre-pandemic levels in the near future due to ongoing economic uncertainties[52] - The company has secured a significant development contract from a government department, although long-term labor shortages, particularly in IT, may impact project profitability[52] - The company plans to continue expanding its business across different sectors while seeking suitable investment opportunities and potential partnerships[54] - The company has invested HKD 1,000,000 to acquire 1,000,000 shares in Yuan Zheng Group Limited, representing approximately 40% of its issued share capital[49] - The company holds 165,385 shares in VAX, with a book value of approximately HKD 2,200,000, as it seeks to capitalize on opportunities in the virtual asset trading sector[48] Financial Expenses and Tax - The financial expenses for the nine months ended September 30, 2022, were HKD 122,000, compared to HKD 120,000 for the same period in 2021[24] - The estimated tax expense for the nine months ended September 30, 2022, was HKD 673,000, compared to HKD 1,103,000 for the same period in 2021[31] - Basic earnings per share for the nine months ended September 30, 2022, were approximately HKD 1,949,000, compared to a loss of HKD 4,196,000 for the same period in 2021[35] - The weighted average number of ordinary shares issued for the nine months ended September 30, 2022, was 280,000,000 shares, unchanged from the previous year[35]
易通讯集团(08031) - 2022 Q3 - 季度财报