Financial Performance - The group's revenue for the nine months ended January 31, 2022, was approximately HKD 138.4 million, a decrease of about 18.3% compared to HKD 169.5 million in the same period of 2021[7]. - Gross profit for the nine months was approximately HKD 36.0 million, down 26.7% from HKD 49.1 million year-on-year[8]. - Profit for the period was approximately HKD 15.7 million, a decrease of about 27.6% compared to HKD 21.7 million in the same period of 2021[8]. - The total comprehensive income for the nine months was HKD 19.1 million, down from HKD 29.2 million in the previous year[14]. - The company’s basic earnings per share for the nine months was HKD 3.10, compared to HKD 4.33 in the same period of 2021[14]. - The company reported a net profit of HKD 2.1 million for the three months ended January 31, 2022, compared to HKD 6.3 million in the same period of 2021[12]. - The company reported a net loss of HKD 583,000 due to foreign exchange losses for the nine months ended January 31, 2022[28]. Revenue Breakdown - The company experienced a significant decrease in revenue from LED lighting products, which contributed to the overall decline in profit[8]. - Revenue from the LED decorative lights and LED lighting products for the nine months ended January 31, 2022, was HKD 122,484,000 and HKD 15,898,000 respectively[27]. - The revenue from the Chinese market (excluding Hong Kong) for the nine months ended January 31, 2022, was HKD 35,640,000, down from HKD 52,733,000 in the previous year[24]. - The revenue from the US market for the nine months ended January 31, 2022, was HKD 10,894,000, a decrease of 35.2% compared to HKD 16,827,000 in the previous year[24]. - Revenue from LED lighting products decreased significantly by approximately HKD 21.1 million or 57.0%, while revenue from LED decorative lighting products decreased by approximately HKD 10.0 million or 7.5%[39][44]. Expenses and Costs - The total operating expenses for the nine months ended January 31, 2022, amounted to HKD 102,391,000, a decrease from HKD 120,387,000 in the previous year[28]. - The total tax expense for the nine months ended January 31, 2022, was HKD 2,833,000, a decrease from HKD 6,946,000 in the previous year[32]. - Sales and distribution expenses decreased by approximately HKD 0.8 million or 26.7% to about HKD 2.2 million for the nine months ended January 31, 2022[48]. - Administrative expenses decreased by approximately HKD 3.2 million or 21.6% to about HKD 11.6 million for the nine months ended January 31, 2022[49]. - The company incurred research and development expenses of HKD 40,000 for the nine months ended January 31, 2022, compared to HKD 90,000 in the previous year[28]. Dividends and Shareholder Information - The board decided not to declare an interim dividend for the period[9]. - The company did not declare any dividends for the period ended January 31, 2022, consistent with the previous year[29]. - Major shareholder Real Charm Corp holds 234,000,000 shares, representing 46.8% of the company's total issued shares as of January 31, 2022[61]. - The beneficial owner of Real Charm Corp, Mr. Shao Guoliang, is considered to have an interest in the company's shares due to his full ownership of Real Charm Corp[61]. - No other directors or key executives were reported to have any interests or short positions in the company's shares as of January 31, 2022[59]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to build trust with shareholders and stakeholders[67]. - The company has complied with the corporate governance code as per GEM listing rules during the nine months ending January 31, 2022[67]. - The board of directors confirmed compliance with the trading rules for securities transactions during the nine months ending January 31, 2022[70]. - There were no reported conflicts of interest or competitive businesses held by directors or major shareholders as of January 31, 2022[65]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending January 31, 2022[74]. Future Outlook - The company plans to enhance marketing efforts to attract potential customers in the U.S. and expand its customer base due to tax incentives from its new production line in Cambodia[40][42]. - The management believes that the progress of global vaccination and the easing of lockdown measures will be decisive factors for global economic recovery in the second half of 2022[42]. Other Information - The company has no capital commitments for property, plant, and equipment as of January 31, 2022[36]. - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending January 31, 2022[66]. - The company has adopted a share option scheme effective from November 16, 2017, which is valid for 10 years, but no options have been granted under this scheme since its adoption[71][72].
濠亮环球(08118) - 2022 Q3 - 季度财报