Financial Performance - The Group recorded revenue from continuing operations of approximately HK$70.4 million for the nine months ended December 31, 2022, representing a decrease of approximately 31.5% compared to HK$102.7 million for the same period in 2021[17]. - For the nine months ended December 31, 2022, total revenue decreased to HK$70,419,000 from HK$102,653,000 in the same period of 2021, representing a decline of approximately 31.4%[18]. - Sales of alcoholic beverages for the nine months were HK$29,896,000, down from HK$54,484,000, a decrease of about 45%[18]. - Loan financing services revenue decreased to HK$40,523,000 from HK$48,169,000, reflecting a decline of approximately 15.4%[18]. - The company reported a loss attributable to owners of the Company from continuing operations of HK$2,534,000 for the nine months, compared to a loss of HK$19,319,000 in the same period last year[20]. - The Group's loss before tax for the nine months ended December 31, 2022, was HK$15,875,000, an improvement from a loss of HK$18,463,000 in the previous year[50]. - The total comprehensive expense for the period was HK$25,061,000, compared to HK$6,356,000 in the same period of 2021, indicating a deterioration in overall financial performance[21]. - The company reported a current tax expense of HK$1,479,000 for the nine months, compared to a tax credit of HK$69,000 in the previous year[62]. - The company recorded a loss for the period, with specific figures not disclosed in the provided content[65]. Profitability and Loss - Profit attributable to the owners of the Company from continuing operations for the nine months ended December 31, 2022, amounted to approximately HK$2.5 million, a significant improvement from a loss of HK$19.3 million for the same period in 2021[17]. - The net loss before tax for the nine months was HK$15,875,000, compared to a loss of HK$18,463,000 in the previous year, indicating an improvement[18]. - The basic loss per share for the nine months was HK$0.41, compared to a loss of HK$3.30 in the same period of 2021, indicating an improvement in earnings per share[20]. - The company experienced a net exchange loss of HK$12,019,000 for the nine months, compared to a gain of HK$2,675,000 in the previous year[18]. - The company reported a total comprehensive income attributable to non-controlling interests of HK$503,000 for the three months ended December 31, 2022[21]. - The company reported a loss of HK$20,593,000 for the period, with total accumulated losses reaching HK$860,259,000[23]. Revenue Breakdown - Revenue from the sale of alcoholic beverages for the nine months ended December 31, 2022, was HK$29,896,000, down 45.0% from HK$54,484,000 in the previous year[50]. - Revenue from loan referral services for the three months ended December 31, 2022, was HK$1,555,000, a decrease of 56.7% compared to HK$3,594,000 in the same period of 2021[41]. - Revenue from the PRC for the nine months was HK$34,471,000, down 15.2% from HK$40,608,000 in the previous year[55]. - Revenue from Hong Kong for the nine months was HK$35,948,000, a decline of 42.3% compared to HK$62,045,000 in 2021[55]. - The Group's total revenue from continuing operations decreased by approximately 31.5% to approximately HK$70.4 million from approximately HK$102.7 million in the previous year[134]. Expenses and Costs - Staff costs decreased slightly to HK$24,767,000 from HK$25,229,000, a reduction of about 1.8%[18]. - Administrative and other operating expenses decreased by approximately 44.1% to approximately HK$7.6 million from approximately HK$13.6 million in the previous year[143]. - Finance costs for the nine months decreased to HK$17,853,000 from HK$20,116,000, a reduction of 11.2%[60]. - The total depreciation of plant and equipment and right-of-use assets for the nine months ended December 31, 2022, was HK$3,952,000, down from HK$6,927,000 in the previous year, representing a decrease of 42.5%[79]. - The cost of inventories recognized as an expense for the nine months ended December 31, 2022, was HK$22,189,000, a decrease of 48.0% from HK$42,594,000 in the same period of 2021[69]. Share Options and Equity - The company has conditionally adopted a share option scheme to provide incentives to eligible persons for their contributions to the Group[92]. - A total of 85,922,330 share options were granted under the Specific Mandate at an exercise price of HK$1.03 per share during the nine months ended December 31, 2022[115]. - As of December 31, 2022, the number of outstanding share options under the Share Option Scheme was 50,800,000, representing approximately 8.2% of the total shares issued[112]. - The maximum number of shares that can be allotted and issued upon the exercise of share options was refreshed to 62,312,722 shares, which is 10.0% of the total issued shares as of the resolution date on August 9, 2022[110]. - The total number of share options granted and remained outstanding under the Specific Mandate was 85,922,330 shares, representing 13.8% of the total shares issued as of December 31, 2022[112]. Business Operations and Strategy - The company focuses on retail and wholesale of wine products and other alcoholic beverages, with a particular emphasis on red wine[26]. - The Group's primary business activities include retail and wholesale of wine products and other alcoholic beverages, loan financing, and financial services[129]. - The company aims to actively seek investment opportunities to broaden its income sources and diversify its business portfolio[158]. - The geographical revenue breakdown indicates a significant reliance on the Hong Kong and PRC markets, highlighting the need for market expansion strategies[54]. - The company anticipates a gradual recovery of the economies in the PRC and Hong Kong in 2023, which will benefit the development and operation of its businesses[158]. Corporate Governance - The Directors do not recommend the payment of any dividend for the nine months ended December 31, 2022, consistent with the previous year[17]. - No dividend was paid, declared, or proposed during the nine months ended December 31, 2022, consistent with the previous year[77]. - The company did not have any material acquisition or disposal of significant subsidiaries and affiliated companies during the Period[147]. - There were no arrangements enabling Directors or their close associates to acquire benefits through the acquisition of shares or debentures of the Company or any other body corporate during the period[199].
麦迪森控股(08057) - 2023 Q3 - 季度财报