Financial Performance - For the nine months ended December 31, 2021, the revenue was HK$1,647,507,000, representing an increase from HK$1,375,167,000 in the same period of 2020, which is a growth of approximately 19.7%[10] - The gross profit for the nine months ended December 31, 2021, was HK$272,340,000, compared to HK$360,060,000 for the same period in 2020, indicating a decrease of about 24.4%[10] - The profit for the period for the nine months ended December 31, 2021, was HK$56,479,000, down from HK$123,446,000 in the same period of 2020, reflecting a decline of approximately 54.2%[10] - Basic earnings per share for the nine months ended December 31, 2021, was 16.4 HK cents, compared to 45.2 HK cents for the same period in 2020, a decrease of about 63.7%[10] - The total comprehensive income for the period was HK$72,045,000 for the nine months ended December 31, 2021, down from HK$154,228,000 in the same period of 2020, a decline of approximately 53.3%[13] - For the three months ended December 31, 2021, the revenue was HK$639,085,000, compared to HK$689,376,000 in the same period of 2020, a decrease of about 7.3%[10] - The operating profit for the three months ended December 31, 2021, was HK$24,586,000, down from HK$46,010,000 in the same period of 2020, reflecting a decline of approximately 46.6%[10] - The profit before income tax for the three months ended December 31, 2021, was HK$24,927,000, compared to HK$49,781,000 in the same period of 2020, a decrease of about 50.1%[10] Revenue Breakdown - Total revenue from contracts with customers for the nine months ended December 31, 2021, was HK$1,609,636, a decrease of 14.4% from HK$1,882,297 in 2020[20] - Revenue from sales of goods and sales support services for the nine months ended December 31, 2021, was HK$1,481,204 and HK$99,204 respectively, compared to HK$1,716,533 and HK$0 in 2020[20] - Commission and other service income decreased to HK$29,228 for the nine months ended December 31, 2021, down from HK$165,764 in 2020[20] - The company reported a decrease in total revenue from other sources, including finance lease arrangements, which amounted to HK$37,871 for the nine months ended December 31, 2021, down from HK$66,600 in 2020[20] Taxation and Earnings - Total current taxation for the nine months ended December 31, 2021, was HK$19,976, compared to HK$34,388 in 2020, reflecting a decrease of 42.0%[29] - The company is exempt from taxation in Bermuda until 2035, while Hong Kong profits tax is calculated at a rate of 16.5%[24] - Subsidiaries in Mainland China are subject to a corporate income tax rate of 25%[25] - Profit attributable to shareholders for the nine months ended 31st December 2021 was HK$56,479,000, a decrease of 54.4% compared to HK$123,446,000 for the same period in 2020[37] - Basic earnings per share for the nine months ended 31st December 2021 was HK$0.164, down from HK$0.453 in 2020, reflecting a decline of 63.8%[37] Share Capital and Dividends - The company does not recommend the payment of an interim dividend for the nine months ended 31st December 2021, consistent with the previous year[39] - As of December 31, 2021, the total number of ordinary shares issued was 425,125,311[98] - The company completed an open offer on 13th May 2021, issuing 54,516,161 shares at a subscription price of HK$0.71 per share, raising approximately HK$38,707,000 before expenses[44] - On 1st December 2021, the company placed 70,852,000 shares at a price of HK$0.60 per share, raising approximately HK$32,776,000 after deducting related issuance costs[44] Corporate Governance - The report is prepared in compliance with the GEM Listing Rules and should be read in conjunction with the Group's annual consolidated financial statements for the year ended March 31, 2021[18] - The audit committee has been established to ensure the adequacy and effectiveness of the Group's accounting and financial controls[135] - The unaudited condensed consolidated financial information for the nine months ended December 31, 2021, has been reviewed by the audit committee[139] - The Company aims to maintain high standards of corporate governance in the interests of shareholders[129] - The roles of chairman and chief executive are separated, ensuring a balance of authority and division of responsibility[130] Future Outlook - The management expects benefits from the recovery from the global pandemic, despite ongoing challenges from the semiconductor chip shortage[79] - The emergence of the metaverse and 5G transformation is anticipated to create significant opportunities for the semiconductor and SMT industries[79] - The global economic growth is projected to be 4.1% in 2022, down from an estimated 5.5% in 2021, following a contraction of 3.4% in 2020[85] - The smartphone market is expected to grow by 5.3% year-over-year in 2021, reaching 1.35 billion shipments, with a projected growth rate of 3.0% for 2022[89] - The semiconductor chip supply shortage, which began in 2020, will continue to negatively impact the economic recovery in 2022, although improvements are anticipated[89] Share Options - The company has a share option scheme in place, which was approved on 4th September 2014, aimed at rewarding participants who contribute to the group's value[44] - The total outstanding share options were 18,928,388, with 31,008,000 granted during the period and 27,176,345 exercised[117] - The exercise price for the share options granted on December 24, 2021, was HK$0.700, with 4,044,000 options remaining unexercised[117] - The total number of share options exercised during the period was 10,390,263, indicating significant activity in the company's share option scheme[117]
北亚策略(08080) - 2022 Q3 - 季度财报