Financial Performance - For the three months ended September 30, 2022, the company reported revenue of HKD 33,020,000, a slight increase from HKD 32,991,000 in the same period of 2021, representing a growth of 0.09%[4] - For the nine months ended September 30, 2022, total revenue reached HKD 94,795,000, up 28.5% from HKD 73,759,000 in the same period of 2021[4] - The company's profit before tax for the three months ended September 30, 2022, was HKD 7,354,000, down 25.0% from HKD 9,803,000 in the same period of 2021[4] - The net profit for the nine months ended September 30, 2022, was HKD 18,518,000, an increase of 62.8% compared to HKD 11,389,000 in the same period of 2021[4] - The basic and diluted earnings per share for the three months ended September 30, 2022, were HKD 0.77, down from HKD 1.07 in the same period of 2021[4] - The company reported a total comprehensive income of HKD 5,858,000 for the three months ended September 30, 2022, compared to HKD 8,600,000 in the same period of 2021, a decrease of 31.5%[4] Revenue Breakdown - Revenue from recruitment services in Hong Kong for the three months ended September 30, 2022, was HKD 22,769,000, an increase of 27.0% from HKD 17,853,000 in the same period of 2021[13] - Revenue from dispatch and payroll services in Hong Kong for the three months ended September 30, 2022, was HKD 5,201,000, a decrease of 26.1% from HKD 7,041,000 in the same period of 2021[13] - Revenue from Hong Kong operations increased by approximately HKD 17,527,000 or 42.9% to about HKD 58,393,000 for the nine months ended September 30, 2022, compared to HKD 40,866,000 for the same period in 2021[25] - Revenue from mainland China operations grew from approximately HKD 12,628,000 for the nine months ended September 30, 2021, to about HKD 19,111,000 for the same period in 2022, an increase of approximately HKD 6,483,000 or 51.3%[27] - Revenue from recruitment services rose by approximately HKD 24,010,000 or 44.9% to about HKD 77,504,000 for the nine months ended September 30, 2022, from approximately HKD 53,494,000 in the previous year[34] Costs and Expenses - The company incurred financing costs of HKD 105,000 for the three months ended September 30, 2022, compared to HKD 31,000 in the same period of 2021, an increase of 238.7%[14] - The internal employee costs increased by approximately HKD 12,116,000 or 41.0%, primarily due to the expansion of business scale in Hong Kong and mainland China[40] - Employee costs for the nine months ended September 30, 2022, were approximately HKD 57,258,000, accounting for about 60.4% of revenue, down from 65.1% in the previous year[38] Tax and Dividends - The effective tax rate for Hong Kong profits tax is 8.25% for the first HKD 2 million of assessable profits and 16.5% for profits exceeding that amount[16] - The company did not recommend an interim dividend for the nine months ended September 30, 2022, compared to no dividend in the same period of 2021[18] - The company did not recommend the payment of an interim dividend for the nine months ended September 30, 2022[46] Business Strategy and Outlook - The company aims to expand its business in mainland China beyond the Greater Bay Area in the near future[20] - The demand for talent in the financial services sector remains strong, particularly in fintech and green finance, supporting the company's recruitment activities[24] - The company plans to continue investing resources to enhance its team and provide optimal services to clients[25] - The management believes that the company is well-positioned to capitalize on market opportunities due to the rebound of businesses in Hong Kong and expansion in mainland China[21] - The group plans to focus on industries with recovery potential, such as e-commerce, logistics, education, and real estate, for the remainder of 2022[31] - The group acknowledges the significant potential of its mainland China business and is considering expansion into other cities under appropriate conditions[30] - The group aims to enhance brand awareness through internal marketing teams and digital platforms[31] - The group maintains a cautious optimism regarding its overall performance in 2022, despite ongoing challenges from the pandemic[30] - The group will continue to seek opportunities for business expansion and strengthen overall business development[32] Financial Position - The total equity as of September 30, 2022, was HKD 70,141,000, an increase from HKD 50,740,000 as of December 31, 2021[5] - Total profit and comprehensive income increased by approximately HKD 6,449,000 or 56.4%, from approximately HKD 11,425,000 for the nine months ended September 30, 2021, to approximately HKD 17,874,000 for the nine months ended September 30, 2022[45] - Excluding government subsidies under the anti-epidemic fund, the total comprehensive income for the nine months ended September 30, 2022, would be approximately HKD 16,161,000, representing an increase of about HKD 4,736,000 or 41.5% compared to the previous period[45] Corporate Governance - As of September 30, 2022, the company’s directors and senior management collectively held 600,000,000 shares, representing approximately 75% of the issued share capital[48] - KJE Limited and Caiden Holdings Limited each held 600,000,000 shares, representing approximately 75% of the issued share capital, with KJE Limited being jointly owned by three directors[52] - No share options have been granted, exercised, cancelled, or lapsed under the share option scheme since its adoption on September 13, 2018[55] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2022[58] - The company has complied with the corporate governance code as set out in the GEM Listing Rules during the nine months ended September 30, 2022[60] - All directors confirmed compliance with the trading standards and relevant codes of conduct for securities transactions during the nine months ended September 30, 2022[61] - The Audit Committee consists of three independent non-executive directors, chaired by Mr. Pan Kai-kin[64] - The Audit Committee's responsibilities include reviewing financial statements and overseeing internal control procedures[64] - The unaudited condensed consolidated financial statements for the nine months ended September 30, 2022, were reviewed by the Audit Committee[64]
高奥士国际(08042) - 2022 Q3 - 季度财报