Financial Performance - The Group recorded a turnover of approximately HK$349.6 million for the nine months ended 30 September 2022, representing an increase of approximately HK$160.0 million compared to HK$189.6 million for the same period last year[4]. - The gross profit margin slightly decreased to approximately 6.2% for the nine months ended 30 September 2022, down from approximately 8.0% for the same period in 2021[4]. - The net profit attributable to the owners of the Company was approximately HK$5.7 million for the nine months ended 30 September 2022, an increase of approximately HK$4.7 million compared to HK$1.0 million for the same period last year[4]. - The Group's profit before income tax for the nine months ended 30 September 2022 was approximately HK$8.997 million, compared to HK$1.126 million for the same period in 2021[6]. - The Group's profit for the period was approximately HK$5.703 million for the nine months ended 30 September 2022, compared to HK$960,000 for the same period in 2021[6]. - Total revenue for the nine months ended 30 September 2022 was HK$349,562,000, an increase from HK$189,554,000 in the same period of 2021, representing an increase of 84.5%[18]. - Revenue from sales and distribution of IT products for the nine months ended 30 September 2022 was HK$341,366,000, compared to HK$186,657,000 in the same period of 2021, reflecting an increase of 82.8%[18]. - The Group recorded a net profit of approximately HK$5.7 million for the nine months ended 30 September 2022, compared to approximately HK$1.0 million for the same period in 2021[90]. Expenses and Costs - The cost of sales increased to approximately HK$327.8 million for the nine months ended 30 September 2022, compared to approximately HK$174.5 million for the same period in 2021[88]. - Selling and distribution costs for the nine months ended 30 September 2022 were approximately HK$4.312 million, compared to HK$4.703 million for the same period in 2021[6]. - Administrative expenses for the nine months ended 30 September 2022 were approximately HK$10.356 million, slightly down from HK$10.666 million for the same period last year[6]. - Selling and distribution expenses decreased by approximately 8.3% to approximately HK$4.3 million for the nine months ended 30 September 2022[90]. - Administrative expenses decreased by approximately 2.9% to approximately HK$10.4 million for the nine months ended 30 September 2022[90]. Dividends and Shareholder Information - The Board does not recommend the payment of a dividend for the nine months ended 30 September 2022, consistent with the previous year[4]. - The Group's weighted average number of ordinary shares for the nine months ended September 30, 2022, remained unchanged at 23,434,000 shares[63]. - Foxconn (Far East) Limited held 11,853,524 shares, representing approximately 50.58% of the issued share capital of the Company as of 30 September 2022[102]. Comprehensive Income and Equity - Other comprehensive income for the period included an exchange difference on translation of foreign operations amounting to HK$3,286,000[10]. - The total comprehensive income for the nine months ended 30 September 2022 was HK$2,563,000, compared to HK$921,000 in the same period of 2021[10]. - The company’s accumulated losses at 30 September 2022 were HK$49,516,000, compared to HK$56,491,000 at the end of the previous year[10]. - The company’s total equity attributable to owners of the Company was HK$148,569,000 as of 30 September 2022[10]. Market and Business Segments - Revenue from external customers for the nine months ended September 30, 2022, was HK$349,562,000, with HK$341,366,000 from sales and distribution of IT products and HK$8,196,000 from repairs and service support[23]. - The Group continues to focus on the sales and distribution of IT products and the provision of repairs and service support as its main business segments[22]. - The Group plans to focus resources on the repairs and service support segment, which has a relatively high profit margin and significant growth potential[92]. - The Group is exploring opportunities in the "Circular Economy" business segment, including after-sales services and recycling of 3C products[92]. Governance and Compliance - The Company has fully complied with the Corporate Governance Code during the nine months ended 30 September 2022[117]. - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of the Group's financial reporting and internal control systems[118]. - The Company has adopted a code of conduct regarding securities transactions by Directors, confirming compliance during the nine months ended 30 September 2022[116]. - There were no arrangements enabling Directors to acquire benefits through the acquisition of shares or debentures of the Company during the nine months ended 30 September 2022[100]. Cash and Current Assets - As of 30 September 2022, the Group's net current assets were approximately HK$130.8 million, with cash and cash equivalents of approximately HK$120.6 million[95]. - Cash and cash equivalents amounted to approximately HK$120,603,000 as of 30 September 2022, up from approximately HK$98,850,000 as of 31 December 2021[97]. - The capital-to-debt ratio decreased to 10.6% as of 30 September 2022, down from 53.4% as of 31 December 2021, primarily due to a reduction in accounts payable[95]. - The gearing ratio decreased to 10.6% as of 30 September 2022, down from 53.4% as of 31 December 2021, primarily due to a decrease in trade payables[98]. Directors and Management - The executive Directors as of the report date include Mr. Hong Sung-Tai, Ms. Chen Ching-Hsuan, Mr. Han Chun-Wei, and Mr. Tsai Biing-Hann[122]. - The non-executive Director is Mr. Kao Chao Yang, while the independent non-executive Directors are Mr. Yeung Wai Hung Peter, Mr. Li Robin Kit Ling, and Mr. Miao Benny Hua-ben[122]. - The Chairman of the Board is Mr. Hong Sung-Tai[122].
讯智海(08051) - 2022 Q3 - 季度财报