Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 163,846,000, a significant increase from HKD 9,640,000 in the same period of 2022, representing a growth of 1,598%[5] - The gross profit for the same period was HKD 60,368,000, compared to HKD 4,099,000 in 2022, indicating a growth of 1,373%[5] - The company recorded a profit before tax of HKD 4,580,000 for the three months ended September 30, 2023, compared to a loss of HKD 9,142,000 in the same period of 2022[5] - The net profit attributable to the owners of the company for the three months was HKD 2,867,000, a turnaround from a loss of HKD 8,790,000 in the same period of the previous year[5] - For the nine months ended September 30, 2023, the company reported a total revenue of HKD 205,023,000, up from HKD 25,620,000 in 2022, marking an increase of 704%[5] - The net loss attributable to the owners for the nine months was HKD 10,297,000, an improvement from a loss of HKD 33,010,000 in the same period of 2022[5] - The company reported total comprehensive income of HKD 2,127,000 for the three months ended September 30, 2023, compared to a loss of HKD 12,516,000 in the same period of 2022[6] - The company’s basic and diluted earnings per share for the three months ended September 30, 2023, was HKD 0.14, compared to a loss per share of HKD 0.42 in the same period of 2022[5] Segment Performance - For the nine months ended September 30, 2023, total revenue from the media and entertainment segment was HKD 188,607,000, while the cremation and funeral services segment generated HKD 16,416,000, totaling HKD 205,023,000[14] - For the nine months ended September 30, 2022, the media and entertainment segment reported a revenue of HKD 11,641,000, while the cremation and funeral services segment had HKD 13,979,000, totaling HKD 25,620,000[15] - Media and entertainment business revenue reached HKD 188,607,000, a significant increase of 1,520.20% from approximately HKD 11,641,000 year-on-year[28] - Revenue from cremation and funeral services was approximately HKD 16,416,000, up 17.43% from approximately HKD 13,979,000 in the previous year[29] Expenses and Losses - Selling, marketing, and distribution expenses for the nine months were approximately HKD 5,805,000, an increase of 18.35% from HKD 4,905,000 last year, representing 2.83% of total revenue[25] - General and administrative expenses were approximately HKD 45,806,000, up 14.03% from approximately HKD 40,171,000 in the previous year[26] - The adjusted loss before tax for the nine months ended September 30, 2023, was HKD 9,361,000, with net expenses from corporate and other unallocated costs amounting to HKD 10,360,000 and financing costs of HKD 2,332,000[14] - The adjusted loss before tax for the nine months ended September 30, 2022, was HKD 34,635,000, with net expenses from corporate and other unallocated costs of HKD 7,743,000 and financing costs of HKD 1,006,000[15] Assets and Liabilities - The total assets as of September 30, 2023, were HKD 284,587,000, which includes segment assets of HKD 277,174,000 and unallocated corporate assets of HKD 7,413,000[14] - The total liabilities as of September 30, 2023, were HKD 237,023,000, with segment liabilities of HKD 161,347,000 and unallocated corporate liabilities of HKD 75,676,000[14] Corporate Governance - The company has established written guidelines for securities trading by directors, ensuring compliance with GEM Listing Rules[40] - The company has established an audit committee consisting of three independent non-executive directors, ensuring expertise in accounting, financial management, and legal experience[47] - The audit committee is responsible for reviewing the group's financial controls, internal controls, and risk management systems, as well as overseeing the integrity of financial statements[47] - The company has complied with all provisions of the corporate governance code as stipulated in the GEM Listing Rules during the nine months ending September 30, 2023[46] - There are no known interests or potential conflicts of interest among directors, management shareholders, or their associates related to competitive businesses as of September 30, 2023[43] Shareholder Information - As of September 30, 2023, Mr. Tang holds 538,489,426 shares, representing 25.69% of the issued share capital[36] - KONGOR Investment Holding Limited, fully owned by Mr. Xu, holds 369,374,496 shares, accounting for 17.62% of the issued share capital[36] - A total of 201,788,800 stock options were granted, with 26,378,200 options being cancelled or expired during the nine months ended September 30, 2023[35] - The total number of stock options available for exercise as of September 30, 2023, is 175,410,600[35] - The company has not disclosed any other individuals with significant shareholdings exceeding 5% as of September 30, 2023[39] Future Plans - The company plans to actively seek investment opportunities and strategic collaborations related to its existing business to maximize shareholder returns[30] Compliance and Reporting - The company did not declare any dividends for the periods reported[5] - The company did not recommend any dividend payments for the nine months ended September 30, 2023[20] - The company has not disclosed any new product or technology developments, market expansions, or mergers and acquisitions in the provided documents[42] - The company did not adopt any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on the financial statements during the reporting period[9] - The company’s accounting policies and methods for preparing the financial statements remain consistent with those adopted in the annual report for the year ended December 31, 2022[8]
擎华控股(08082) - 2023 Q3 - 季度财报