Financial Performance - Total revenue for the third quarter of 2022 was HKD 3,394,000, a decrease of 19.4% compared to HKD 4,213,000 in the same period of 2021[9] - Revenue from enterprise software products was HKD 2,392,000, down 32.4% from HKD 3,550,000 year-on-year[17] - The company reported a net loss of HKD 1,479,000 for the third quarter, compared to a loss of HKD 1,767,000 in the same quarter of 2021, representing a 16.3% improvement[11] - For the nine months ended September 30, 2022, total revenue was HKD 11,712,000, down 40.1% from HKD 19,571,000 in the previous year[9] - The company reported a loss attributable to shareholders of HKD 6,618,000 for the nine months ended September 30, 2022, compared to a loss of HKD 11,662,000 in the same period last year, representing a 43.5% improvement[29] - Revenue for the nine months ended September 30, 2022, was HKD 11,712,000, a decrease of 40% from HKD 19,571,000 in the previous year[29] - The total comprehensive loss for the third quarter was HKD 1,479,000, compared to a loss of HKD 370,000 in the same quarter of the previous year[11] - The company recorded a total comprehensive loss of HKD 6,618,000 for the period[29] Expenses - The company incurred professional fees of HKD 1,331,000 in the third quarter, an increase of 41.0% from HKD 944,000 in the same period last year[9] - Employee benefit expenses for the third quarter were HKD 2,659,000, a decrease of 26.8% compared to HKD 3,627,000 in the previous year[9] Revenue Sources - Revenue from gold and jewelry product sales was HKD 209,000, down from HKD 5,596,000 in the previous year[29] - Revenue from enterprise software product sales decreased by approximately 20%, from HKD 10,736,000 to HKD 8,609,000[29] Shareholder Information - As of September 30, 2022, Haitong Investment Limited holds 804,159,697 shares, representing 41.29% of the company's issued share capital[39] - Ms. Li Xia also holds 804,159,697 shares, equivalent to 41.29% of the company's issued share capital through controlled companies[39] - Shengyu Limited owns 149,455,740 shares, accounting for 7.67% of the company's issued share capital[40] - Mr. Chen Yin holds 149,455,740 shares through controlled companies, representing 7.67% of the company's issued share capital[40] - Cheung Kong Holdings Limited has an interest in 143,233,151 shares, which is 7.35% of the company's issued share capital[41] - The average number of ordinary shares in issue during the nine months was 1,947,690,000, unchanged from the previous year[24] Corporate Governance - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 during the period ending September 30, 2022[44] - The Audit Committee has reviewed the unaudited consolidated results for the nine months ending September 30, 2022, confirming compliance with applicable accounting standards[45] - The company has established a remuneration committee and a nomination committee to ensure proper governance and oversight[47][48] - The board of directors includes Ms. Li Xia, Mr. Zhuang Ruping, Mr. Chen Yin, and three independent non-executive directors[53] Market Conditions - The gold price fluctuated, starting at USD 1,806 per ounce at the beginning of 2022 and dropping to USD 1,664 per ounce by the end of the third quarter[31] - The management anticipates a partial recovery in the jewelry business driven by the traditional sales season despite a challenging business environment[31] - The Chinese economy grew by only 3.9% in the third quarter of 2022, with retail sales showing a year-on-year increase of just 2.5% in September[31] Dividends - The company did not recommend an interim dividend for the nine months ended September 30, 2022, consistent with the previous year[28]
御德国际控股(08048) - 2022 Q3 - 季度财报