Financial Performance - For the nine months ended September 30, 2022, the company reported total revenue of HKD 111,386,000, an increase of 8.3% compared to HKD 103,008,000 for the same period in 2021[20] - The gross profit for the nine months was HKD 8,378,000, representing a 16.3% increase from HKD 7,204,000 in the previous year[20] - The net profit attributable to the owners of the company for the nine months was HKD 1,407,000, compared to a loss of HKD 898,000 in the same period of 2021[20] - The company achieved a basic earnings per share of HKD 1.41 for the nine months, compared to a loss per share of HKD 0.90 in the previous year[20] - The total comprehensive income for the period was HKD 1,407,000, a significant improvement from a total comprehensive loss of HKD 886,000 in the prior year[20] - The company reported a pre-tax profit of HKD 1,625,000 for the nine months ended September 30, 2022, compared to a pre-tax loss of HKD 780,000 in the same period of 2021[54] - The company reported a profit of HKD 1.4 million for the nine months ended September 30, 2022, compared to a loss of HKD 0.9 million for the same period in 2021, attributed to increased gross profit and reduced administrative expenses[87] Revenue Sources - For the nine months ended September 30, 2022, the company reported revenue of HKD 111,131,000 from apparel products, a 19% increase compared to HKD 93,677,000 for the same period in 2021[44] - The company generated a total revenue of HKD 111,386,000 for the nine months ended September 30, 2022, compared to HKD 94,658,000 for the same period in 2021, reflecting a growth of approximately 17.5%[54] - Revenue from external customers in Hong Kong, Macau, Germany, and Cambodia was significant, with HKD 55,499,000 from Hong Kong for the nine months ended September 30, 2022[60] - The company did not report any revenue from construction materials for the three months ended September 30, 2022, compared to HKD 8,000 in the same period of 2021[44] Cost Management - The company reported a decrease in administrative expenses to HKD 4,926,000 for the nine months, down from HKD 6,237,000 in the same period last year, reflecting a cost control strategy[20] - Sales and distribution expenses decreased to HKD 1,242,000 from HKD 1,348,000, indicating improved efficiency in operations[20] - Administrative expenses decreased from HKD 6.2 million for the nine months ended September 30, 2021, to HKD 4.9 million for the same period in 2022, mainly due to reduced employee costs and professional fees[84] - Total employee costs for the nine months ended September 30, 2022, were HKD 1.163 million, a slight decrease from HKD 1.182 million for the same period in 2021[67] Strategic Focus - The company is focused on expanding its supply chain management services and construction materials agency services, indicating a strategic direction towards market expansion[29] - The company's operational focus remains on apparel products and supply chain management services, with a strategic emphasis on expanding its market presence[44] - The group is exploring new business opportunities in the ASEAN construction and related materials agency services since 2020 to diversify revenue sources[97] - The company has extended its business into the supply of construction materials to diversify its revenue sources, primarily serving clients in Southeast Asia[74] Corporate Governance - The board confirmed that the financial information presented is accurate and complete, ensuring transparency and accountability in reporting[6] - The audit committee has reviewed the unaudited consolidated financial information for the nine months ending September 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[129] - The company has maintained high standards of corporate governance in accordance with GEM listing rules and has adhered to the corporate governance code during the reporting period[122] - The company emphasizes the importance of maintaining a high-quality board and effective accountability systems to protect shareholder interests and enhance business growth[122] Financial Position - The company’s non-current assets in Hong Kong as of September 30, 2022, were valued at HKD 25,861,000, a slight decrease from HKD 26,687,000 as of December 31, 2021[61] - As of September 30, 2022, the total equity of the group was HKD 50.3 million, an increase from HKD 48.9 million as of December 31, 2021[99] - The group's cash and cash equivalents amounted to HKD 4.0 million, up from HKD 1.7 million as of December 31, 2021[99] - The group has no significant contingent liabilities or guarantees as of September 30, 2022[92] Risk Management - The company anticipates that the adoption of new accounting standards will not have a significant impact on the financial statements[41] - The group believes that foreign exchange risk related to USD is not significant due to the peg between HKD and USD[94] - The group has taken measures to minimize the impact of COVID-19 on production and logistics[97] - Forward-looking statements made by the company are subject to risks and uncertainties that may cause actual results to differ significantly from those projected[132] Share Capital and Dividends - The company did not recommend any dividends for the nine months ended September 30, 2022, consistent with the previous year[70] - The group has not recommended any dividends for the nine months ending September 30, 2022, consistent with the previous year[100] - The company has a total issued share capital of 100,000,000 shares with a par value of HKD 0.1 per share as of September 30, 2022[90] - As of September 30, 2022, the total number of issued shares of the company was 100,000,000 shares[117] Other Information - Other income for the nine months was HKD 301,000, up from HKD 207,000 in the previous year, suggesting growth in ancillary revenue streams[20] - Other income for the nine months ended September 30, 2022, totaled HKD 301,000, compared to HKD 207,000 for the same period in 2021, representing a 45% increase[62] - The company experienced foreign exchange gains of HKD 158,000 for the three months ended September 30, 2022, compared to a loss of HKD 14,000 for the same period in 2021[63] - The company has adopted a share option scheme effective from April 16, 2018, aimed at incentivizing eligible participants, with no options granted, lapsed, exercised, or cancelled as of the report date[127] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the nine months ending September 30, 2022[126] - The company confirmed that there were no arrangements that would allow directors or senior executives to acquire shares or debt securities for personal gain during the nine months ending September 30, 2022[120] - The company has not disclosed any significant changes in shareholding or interests that require reporting under the Securities and Futures Ordinance as of September 30, 2022[119] - The company has no known competitive interests from directors or controlling shareholders that could conflict with the group's business as of September 30, 2022[121]
细叶榕科技(08107) - 2022 Q3 - 季度财报