Financial Performance - For the nine months ended December 31, 2022, revenue was HK$1,083,676,000, a decrease of 34.3% compared to HK$1,647,507,000 for the same period in 2021[13]. - Gross profit for the nine months was HK$191,724,000, down 29.6% from HK$272,340,000 in the previous year[13]. - The operating loss for the nine months was HK$64,240,000, compared to an operating profit of HK$74,961,000 in the same period of 2021[13]. - The loss for the period was HK$56,425,000, compared to a profit of HK$56,479,000 in the previous year[15]. - Basic loss per share for the nine months was HK$13.3 cents, compared to earnings of HK$16.4 cents per share in the same period of 2021[13]. - Total comprehensive loss for the nine months was HK$84,155,000, compared to a comprehensive income of HK$72,045,000 in the previous year[15]. - For the three months ended December 31, 2022, revenue was HK$292,560,000, a decrease of 54.4% from HK$639,085,000 in the same period of 2021[13]. - The operating loss for the three months was HK$24,199,000, compared to an operating profit of HK$24,586,000 in the previous year[13]. - The loss for the three months was HK$17,183,000, compared to a profit of HK$16,366,000 in the same period of 2021[15]. Revenue Breakdown - Revenue from sales of goods for the nine months ended December 31, 2022, was HK$989,110,000, down 33.3% from HK$1,481,204,000 in 2021[29]. - Revenue from sales support services decreased to HK$25,237,000 for the nine months ended December 31, 2022, from HK$99,204,000 in 2021, representing a decline of 74.5%[29]. - Total revenue from contracts with customers for the three months ended December 31, 2022, was HK$278,229,000, down 55.5% from HK$624,719,000 in 2021[29]. - Income from finance lease arrangements for the three months ended December 31, 2022, was HK$5,367,000, a decrease from HK$7,655,000 in 2021[29]. Operating Expenses - Total operating expenses for the nine-month period amounted to approximately HK$265,443,000, an increase of 21.1% from approximately HK$219,206,000 in the corresponding period last year[69]. - The increase in operating expenses was attributed to a net exchange loss of approximately HK$29,404,000, compared to a net exchange gain of approximately HK$33,296,000 recorded in the previous year[69]. - The operating expenses to revenue ratio increased to 21.8% from 13.3% in the corresponding period last year[72]. Corporate Governance - The company maintains high standards of corporate governance and complies with the Corporate Governance Code[142]. - The audit committee, comprising three independent non-executive Directors, oversees the adequacy and effectiveness of the Group's financial controls[149]. - The audit committee's main responsibilities include ensuring adequate and effective accounting and financial controls, monitoring internal control systems, risk management, and the integrity of financial reporting[152]. Share Options and Equity - The weighted average number of ordinary shares in issue for the nine months ended 31st December 2022 was 425,125,311, an increase from 343,942,374 in 2021[48]. - The company did not recommend the payment of an interim dividend for the nine months ended 31st December 2022, consistent with the previous year[49]. - As of December 31, 2022, the total number of share options outstanding was 51,580,388, with 18,928,388 options remaining unexercised[137]. - The share option scheme aims to reward participants and enhance the value of the Company for shareholders[129]. Market Conditions and Future Outlook - The Group faced challenges including semiconductor chip shortages, sluggish demand in the global mobile phone market, and COVID-19 related lockdowns in major cities in China, which disrupted component production and logistics[68]. - The World Bank downgraded its 2023 global economic growth outlook to 1.7% from a previous prediction of 3%, indicating challenging economic conditions[100][102]. - The Group is optimistic about the growth prospects in the electric vehicle manufacturing industry, which may create new opportunities for its business[101][103]. - AMT anticipates continued weakness in new orders for the remainder of the financial year due to a negative market outlook[110].
北亚策略(08080) - 2023 Q3 - 季度财报