Financial Performance - For the nine months ended January 31, 2023, Bortex Global Limited reported revenue of approximately HKD 61.3 million, a decrease of about 55.7% compared to HKD 138.4 million in the same period of 2022[8]. - The gross profit for the same period was approximately HKD 11.2 million, down approximately 68.9% from HKD 36.0 million year-on-year[8]. - The company recorded a loss of approximately HKD 0.3 million for the nine months, a decrease of about HKD 16.0 million compared to the previous year, primarily due to significant revenue declines from customers in China, Canada, and Hong Kong[8]. - The total comprehensive income for the nine months was HKD 402,000, a significant drop from HKD 19.1 million in the same period of 2022[9]. - The basic and diluted loss per share for the nine months was HKD 0.05, compared to earnings of HKD 3.10 per share in the previous year[11]. - The group recorded a loss attributable to equity holders of HKD 270,000 for the nine months ended January 31, 2023, compared to a profit of HKD 15,666,000 for the same period in 2022[30]. - The group's net loss for the nine months ended January 31, 2023, was approximately HKD 0.3 million, a decrease of about HKD 16.0 million compared to the same period in 2022[33]. Revenue Breakdown - Revenue from LED decorative lights for the nine months ended January 31, 2023, was HKD 61,308,000, down 50.1% from HKD 122,484,000 in the previous year[24]. - Revenue from customers in China and Hong Kong was approximately HKD 6.0 million, a significant decrease of HKD 64.2 million or 64.2% compared to HKD 70.2 million for the same period in 2022[32]. - Revenue from Canada for the nine months ended January 31, 2023, was HKD 35,175,000, a decrease of 30.1% from HKD 50,368,000 in 2022[21]. - Revenue from the United States increased to HKD 15,239,000 for the nine months ended January 31, 2023, up 39.5% from HKD 10,894,000 in the previous year[21]. - Revenue from Hong Kong decreased to HKD 5,268,000 for the nine months ended January 31, 2023, down 84.8% from HKD 34,644,000 in 2022[21]. - Revenue from Canadian LED decorative light products was approximately HKD 35.2 million, a decrease of about HKD 15.2 million or 30.2% compared to HKD 50.4 million for the same period in 2022[32]. - Revenue from US customers increased by approximately HKD 4.3 million or 39.4% to HKD 15.2 million for the nine months ended January 31, 2023, compared to HKD 10.9 million for the same period in 2022[33]. Expenses and Dividends - The company’s administrative expenses for the nine months were approximately HKD 10.9 million, slightly down from HKD 11.6 million in the previous year[9]. - The sales and distribution expenses for the nine months were approximately HKD 1.3 million, down from HKD 2.2 million in the previous year[9]. - The group reported a total tax expense of HKD 828,000 for the nine months ended January 31, 2023, compared to HKD 2,833,000 in the previous year[27]. - The group did not declare any dividends for the current period, consistent with the previous year[26]. - The group did not declare an interim dividend for the nine months ended January 31, 2023[46]. Corporate Governance and Shareholding - As of January 31, 2023, Mr. Shao Guoliang holds 234,000,000 shares, representing approximately 46.8% of the company's equity[47]. - Mr. Shao Chiliang is a beneficial owner of 7,280,000 shares, accounting for approximately 1.46% of the company's equity[47]. - Real Charm Corp, which is wholly owned by Mr. Shao Guoliang, also holds 234,000,000 shares, equivalent to 46.8% of the company's equity[51]. - No other directors or key executives held any shares or related securities in the company as of January 31, 2023[50]. - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending January 31, 2023[55]. - The company has adhered to the corporate governance code as per GEM Listing Rules throughout the nine months ending January 31, 2023[56]. - The company is committed to maintaining high standards of corporate governance to build trust with shareholders and stakeholders[56]. - There are no known competitive businesses or conflicts of interest involving directors or major shareholders as of January 31, 2023[54]. Operational Developments - The company is exploring new business activities, including the production and sales of home-based AI robots related to traditional Chinese medicine, to enhance operational and financial performance[36]. - The group has a single operating segment focused on the design, manufacture, and sale of LED lighting products[20]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the nine months ending January 31, 2023[62]. - The company has not granted any options under the share option scheme since its adoption[60].
濠亮环球(08118) - 2023 Q3 - 季度财报