Financial Performance - Revenue for the nine months ended September 30, 2022, was HKD 1,324,288, a decrease of 39% compared to HKD 2,206,347 in the same period of 2021[4] - The company reported a loss attributable to owners of HKD 16,280 for the nine months ended September 30, 2022, compared to a profit of HKD 33,217 in the same period of 2021, representing a 149% decline[4] - Basic loss per share for the nine months ended September 30, 2022, was HKD (2.49), down 149% from HKD 5.09 in the same period of 2021[4] - Gross loss for the nine months ended September 30, 2022, was HKD 15,957, compared to a gross profit of HKD 69,447 in the same period of 2021[6] - Total comprehensive loss for the nine months ended September 30, 2022, was HKD 21,836, compared to total comprehensive income of HKD 33,217 in the same period of 2021[6] - Gross profit for the nine months ended September 30, 2022, was HKD 15,957,000, down 77% from HKD 69,447,000 in the same period of 2021, resulting in a gross margin decline from 3.2% to 1.2%[29] Dividends and Shareholder Information - The company did not declare an interim dividend for the nine months ended September 30, 2022, compared to an interim dividend of HKD 1.00 per share in the same period of 2021[4] - The company did not declare an interim dividend for the nine months ended September 30, 2022, compared to an interim dividend of HKD 0.01 per share in 2021[24] - As of September 30, 2022, the company had a total of 652,000,000 shares issued, with Dr. Yan holding 267,545,861 shares, representing 40.99% of the total issued shares[33] - The company’s major shareholder, Shijie, holds 224,423,000 shares, representing 34.38% of the total issued shares[39] - The company did not grant any share options under its share option scheme during the reporting period, with a maximum of 60,000,000 shares available for issuance, equivalent to approximately 9.2% of the total issued shares[37] Costs and Expenses - The company experienced a significant increase in sales costs, which amounted to HKD 1,326,331 for the nine months ended September 30, 2022, compared to HKD 2,136,900 in the same period of 2021[6] - Administrative expenses decreased to HKD 16,441 for the nine months ended September 30, 2022, from HKD 19,915 in the same period of 2021[6] - The company incurred financing costs of HKD 4,152 for the nine months ended September 30, 2022, compared to HKD 1,806 in the same period of 2021[6] - Operating costs (distribution costs and administrative expenses) for the nine months ended September 30, 2022, were HKD 27,787,000, a 9% decrease from HKD 30,387,000 in the same period of 2021[30] Market Conditions and Business Outlook - The company experienced weak customer demand and adverse business conditions, including lockdowns in China and geopolitical tensions, impacting overall performance[25] - The company noted that panel supply was excessive due to high inventory levels among tablet manufacturers, affecting the small display panel business[25] - The company plans to explore new market opportunities in Southeast Asia and India, focusing on strong IC solutions for various metaverse hardware applications[26] Foreign Exchange and Compliance - The company reported a foreign exchange loss of HKD 5,556 related to its overseas operations for the nine months ended September 30, 2022[6] - The company recorded a net foreign exchange loss of HKD 2,879,000 for the nine months ended September 30, 2022[20] - The company reported that it has complied with the GEM Listing Rules and corporate governance code, with no significant deviations noted[46] - The company has adopted the GEM Listing Rules as its own code of conduct for securities trading by directors, confirming compliance as of September 30, 2022[49] Future Plans and Allocations - The company allocated HKD 11.2 million for expanding its product range, including automotive infotainment and AI & IoT development, with a remaining balance of HKD 7.5 million expected to be utilized by the end of 2024[43] - The company plans to utilize the remaining proceeds for the development of metaverse hardware, with an expected expenditure of HKD 7.5 million by the end of 2024[43] Governance and Acknowledgments - The company’s audit committee reviewed the accounting principles and policies, internal controls, and risk management for the nine months ending September 30, 2022[48] - The board expresses gratitude to all employees for their contributions and efforts, as well as to shareholders, customers, suppliers, and business partners for their long-term support[51] - The report will be available on the Hong Kong Stock Exchange website for at least seven days from the date of publication[52]
扬宇科技(08113) - 2022 Q3 - 季度财报