Financial Performance - For the nine months ended December 31, 2022, the group's revenue was approximately HKD 11,818,000, a decrease of about 56% compared to HKD 26,898,000 for the same period in 2021[7] - The profit attributable to the owners of the company for the nine months ended December 31, 2022, was approximately HKD 3,386,000, down from HKD 5,611,000 in the same period of 2021[7] - Revenue for the nine months ended December 31, 2022, was HKD 11,818,000, a decrease of 56% compared to HKD 26,898,000 for the same period in 2021[21] - Gross profit for the nine months ended December 31, 2022, was HKD 6,380,000, down 42% from HKD 10,965,000 in the previous year[21] - Profit attributable to owners of the company for the nine months ended December 31, 2022, was HKD 3,386,000, a decline of 40% from HKD 5,611,000 in 2021[25] - Basic earnings per share for the nine months ended December 31, 2022, was HKD 0.37, compared to HKD 0.61 for the same period in 2021[25] - The company reported a total comprehensive income of HKD 3,283,000 for the nine months ended December 31, 2022, down from HKD 5,617,000 in 2021[17] - Administrative expenses for the nine months ended December 31, 2022, were HKD 6,467,000, a decrease of 9% from HKD 7,140,000 in the previous year[21] - Other income and net gains for the nine months ended December 31, 2022, increased to HKD 3,540,000 from HKD 1,886,000 in 2021[21] - The cost of services provided for the nine months ended December 31, 2022, was HKD 5,370,000, down from HKD 15,885,000 in the previous year[21] Dividend Policy - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2022, consistent with the previous year[7] - The company did not recommend any interim dividend for the nine months ended December 31, 2022, consistent with the previous year[24] Corporate Governance - The board of directors confirmed the accuracy and completeness of the report, ensuring no misleading or fraudulent elements were present[7] - The audit committee consists of two independent non-executive directors, with a minimum of four meetings held annually[36] - The company has complied with all provisions of the corporate governance code during the period ending December 31, 2022[38] - The board of directors is responsible for reviewing and monitoring compliance with legal and regulatory requirements[38] - The company has not established any insurance arrangements for potential legal risks faced by directors[39] - The company has adopted a code for securities trading by directors, in compliance with GEM Listing Rules[41] - The chairman and CEO roles are currently held by Mr. Liu Han Guang, with no immediate plans to separate these roles[39] - The company will continue to review its corporate governance practices to ensure compliance with the new code effective from January 1, 2022[38] Innovation and Development - The company’s subsidiary, RF Tech Limited, completed a project under the Innovation and Technology Support Programme, successfully developing the EMV100 Contactless Reader, which received certifications from EMVCo, Visa, Mastercard, and UnionPay[11] - ITE Engineering Limited's project on developing a mobile charging system for electric vehicles using proton exchange membrane fuel cell technology has reached completion, overcoming challenges posed by the COVID-19 pandemic[12] - The company has been actively supporting research activities at The Chinese University of Hong Kong, with a recent publication in the prestigious journal "Science" by Professor Chan's team[12] - The company aims to become a leading provider of innovative technology products and solutions, focusing on smart city applications and sustainable development[9] - The group has established a leadership position in the smart card and RFID systems market in Hong Kong, Macau, and mainland China[9] - The company is committed to developing innovative solutions to meet the demands of smart cities, contributing to public health and sustainability[9] Shareholding Structure - Rax-Comm holds 241,102,348 shares, representing 26.05% of the issued shares[30] - Mr. Wen Wei Hung owns 48,142,254 shares, accounting for 5.20% of the issued shares[30] - The company did not repurchase any shares during the nine months ending December 31, 2022[34]
ITE HOLDINGS(08092) - 2023 Q3 - 季度财报