Financial Performance - Revenue for the nine months ended March 31, 2023, increased to HKD 53,743,000, up 17.5% from HKD 45,903,000 in the same period last year[3] - Gross profit for the nine months ended March 31, 2023, was HKD 10,914,000, representing a 74.5% increase compared to HKD 6,249,000 in the previous year[3] - Operating profit for the nine months ended March 31, 2023, improved to a loss of HKD 937,000, a significant reduction from a loss of HKD 5,870,000 in the same period last year[3] - The company reported a profit of HKD 696,000 for the three months ended March 31, 2023, compared to a loss of HKD 2,137,000 in the same quarter last year[4] - Basic earnings per share for the nine months ended March 31, 2023, was HKD 0.09, compared to a loss per share of HKD 0.80 in the previous year[3] - Total comprehensive income for the nine months ended March 31, 2023, was a loss of HKD 623,000, an improvement from a loss of HKD 5,715,000 in the same period last year[4] - The company reported a loss attributable to shareholders of approximately HKD 1,277,000 for the nine months ended March 31, 2023, a decrease of 80% compared to a loss of HKD 6,333,000 in the same period in 2022[27] Revenue Segmentation - The company's revenue for the nine months ended March 31, 2023, was approximately HKD 53,743,000, an increase of about 17% compared to HKD 45,903,000 for the same period in 2022[27] - The swimwear and apparel segment generated revenue of approximately HKD 28,803,000, up from HKD 19,605,000 in the same period last year, with a gross profit of HKD 9,205,000 and a gross margin of 32%[27] - The e-commerce and online shopping segment reported revenue of approximately HKD 23,932,000, down from HKD 25,108,000, with a gross profit of HKD 701,000 and a gross margin of 3%[29] - The lending segment's revenue was approximately HKD 1,008,000, with a consistent gross margin of 100%[30] Equity and Shareholder Information - The total equity attributable to the owners of the company as of March 31, 2023, was HKD 52,271,000, down from HKD 67,783,000 at the beginning of the period[6] - As of March 31, 2023, major shareholders include Liu Zhiyuan with 18.83%, JL Investments Capital Limited with 17.87%, and Big Good Management Limited with 17.04% of the issued share capital[44] - The company has not repurchased any shares during the reporting period[50] - The new share option plan was approved on November 28, 2017, and will remain effective for ten years unless revoked or amended[36] - The maximum number of unexercised share options granted under the plan is capped at 10% of the company's issued shares at any time[38] - No unexercised share options were outstanding as of March 31, 2023[39] Operational Insights - The company operates in high-end swimwear and apparel production, e-commerce, and lending services[11] - The company continues to implement effective cost measures to control its business cost structure[32] - The gross margin for the swimwear and apparel segment improved significantly from 19% to 32% due to increased order revenue and improved profit margins[27] - The company expects continued growth in its swimwear and apparel segments due to the improving global COVID-19 situation[35] - The company plans to implement cost-cutting measures to address current unfavorable market conditions, which are expected to be temporary[35] - The e-commerce segment faces challenges due to reduced supply and demand for second-hand mobile phones, prompting the company to streamline operations in this area[35] - The lending business will continue to be maintained and developed, with ample resources allocated to meet business demands[35] - The management is focused on optimizing the use of operational and financial resources and will consider diversification when suitable opportunities arise[35] Compliance and Governance - The company has established an audit committee to review financial reports and internal controls, consisting of three independent non-executive directors[53] - As of March 31, 2023, the company reported no known conflicts of interest among directors, major shareholders, and management[52] - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[56] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2022, with no significant impact on the financial statements[10] Other Financial Information - The company recorded other comprehensive income of HKD 794,000 for the nine months ended March 31, 2023, compared to HKD 796,000 in the previous year[4] - No interim dividend was recommended for the nine months ended March 31, 2023, consistent with the previous year[31] - The company has no significant contingent liabilities as of March 31, 2023[33] - The conversion price of the non-voting convertible preference shares has been adjusted from HKD 1.20 to HKD 1.121 due to a rights issue[51]
荟萃国际(控股)(08041) - 2023 Q3 - 季度财报