Financial Performance - Revenue for the nine months ended March 31, 2022, was HKD 45,903,000, an increase of 15.6% compared to HKD 39,654,000 for the same period in 2021[6] - The gross profit for the nine months ended March 31, 2022, was HKD 6,249,000, compared to HKD 4,475,000 for the same period in 2021, reflecting a gross margin improvement[6] - The operating loss for the nine months ended March 31, 2022, was HKD 5,870,000, compared to a loss of HKD 5,414,000 for the same period in 2021, indicating a slight deterioration in operational performance[6] - The net loss attributable to owners for the nine months ended March 31, 2022, was HKD 6,333,000, compared to HKD 6,706,000 for the same period in 2021, showing a reduction in losses[6] - Basic loss per share for the nine months ended March 31, 2022, was HKD 0.80, compared to HKD 0.86 for the same period in 2021, indicating an improvement in per-share performance[6] - Total comprehensive loss for the nine months ended March 31, 2022, was HKD 5,715,000, compared to HKD 7,467,000 for the same period in 2021, reflecting a decrease in overall losses[7] Revenue Segmentation - Revenue from the swimwear and apparel segment for the nine months ended March 31, 2022, was approximately HKD 19,605,000, up from HKD 14,167,000 in the previous year[31] - Revenue from the e-commerce and online shopping segment was approximately HKD 25,108,000 for the nine months ended March 31, 2022, down from HKD 39,304,000 in the previous year[32] - The lending segment generated revenue of approximately HKD 1,190,000 for the current period, maintaining a gross profit margin of 100%[33] Gross Margin Analysis - The gross margin for the swimwear and apparel segment improved to approximately 19% for the nine months ended March 31, 2022, compared to a gross loss margin of 2% in the same period of 2021[31] - The gross margin for the e-commerce and online shopping segment increased to 5% for the nine months ended March 31, 2022, compared to 3% in the same period of 2021[32] Business Operations - The company continues to engage in the production and sale of high-end swimwear and apparel products, as well as e-commerce and lending services, indicating ongoing business diversification[13] - The company plans to expand its e-commerce operations and capitalize on anticipated market recovery opportunities[35] - The lending business will continue to be developed with ample resources allocated to meet business demands[35] - The company continues to implement effective cost control measures and is cautiously expanding its business through natural growth[34] - The outlook for the swimwear and apparel manufacturing segment has improved, with a gradual increase in orders, although challenges remain due to the pandemic[35] Corporate Governance - The company is listed on the GEM of the Hong Kong Stock Exchange, which is known for higher investment risks associated with smaller companies[3] - The financial statements are prepared in accordance with the GEM listing rules, ensuring compliance with applicable disclosure requirements[14] - The audit committee has reviewed the unaudited results for the nine months ended March 31, 2022[47] - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[48] - All directors have adhered to the trading standards set forth in the company's securities trading code[48] - The company is not aware of any incidents of employees violating the trading code[49] Shareholder Information - Major shareholders include Liu Zhi Yuan with 18.90% and JL Investments Capital Limited with 17.94% of the issued share capital[41] - The total number of issued shares as of March 31, 2022, was 789,745,615[42] - Wide Select holds 249,225,166 shares, representing 31.56% of the issued share capital[43] Share Transactions - The company did not redeem any shares during the reporting period[46] - There were no purchases or sales of shares by the company or its subsidiaries during the reporting period[46] - As of March 31, 2022, there were no unexercised share options under the new share option plan initiated on November 28, 2017[38] Taxation - The company experienced no taxable profits during the nine months ended March 31, 2022, thus no provision for Hong Kong profits tax was required[18] Dividend Policy - The company did not recommend any dividend payment for the nine months ended March 31, 2022, consistent with the previous year[24] - The board did not recommend an interim dividend for the nine months ending March 31, 2022, consistent with the previous year[34] Financial Reporting Standards - The company adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2021, which did not have a significant impact on the financial statements[17] Foreign Exchange Impact - Other comprehensive income for the nine months ended March 31, 2022, included a foreign exchange gain of HKD 796,000, compared to a loss of HKD 17,000 for the same period in 2021[7]
荟萃国际(控股)(08041) - 2022 Q3 - 季度财报