Financial Performance - Revenue for the third quarter reached HKD 12,642,000, an increase of 17.3% compared to HKD 10,780,000 in the same period last year[10] - Gross profit for the third quarter was HKD 6,611,000, up 50.3% from HKD 4,399,000 year-on-year[10] - Operating profit for the third quarter was HKD 876,000, a decrease of 5.4% from HKD 926,000 in the previous year[10] - The net profit for the third quarter was HKD 91,000, down 83.1% from HKD 537,000 in the same quarter last year[10] - Basic earnings per share for the third quarter were HKD 0.04, compared to HKD 0.22 in the previous year[10] - Total comprehensive income for the nine months ended December 31 was HKD 2,252,000, down 64.4% from HKD 6,328,000 year-on-year[10] - For the nine months ended December 31, 2021, the group's revenue was HKD 38,267,000, a decrease of 2.2% from HKD 39,129,000 in the previous year[19] - The group reported a profit attributable to owners of the company of HKD 91,000 for the three months ended December 31, 2021, compared to HKD 537,000 for the same period in 2020, representing a decline of 83.1%[25] - The basic earnings per share for the nine months ended December 31, 2021, was HKD 9.93, down from HKD 25.93 in the same period of 2020[25] - Profit before tax decreased from approximately HKD 7.0 million to approximately HKD 3.1 million, a decline of about HKD 3.9 million or 55.0%[47] - Total comprehensive income decreased from approximately HKD 6.3 million to approximately HKD 2.2 million, a reduction of about HKD 4.1 million[50] Expenses and Costs - Administrative expenses for the third quarter increased to HKD 5,719,000, compared to HKD 4,803,000 in the same period last year, reflecting a rise of 19.1%[10] - The group incurred finance costs of HKD 415,000 for the three months ended December 31, 2021, a slight decrease from HKD 432,000 in the same period of 2020[20] - The income tax expense for the nine months ended December 31, 2021, was HKD 880,000, an increase of 31.1% from HKD 670,000 in the previous year[22] - The group reported a decrease in employee benefit expenses to HKD 6,250,000 for the three months ended December 31, 2021, from HKD 6,797,000 in the same period of 2020[23] - Service costs decreased from approximately HKD 19.8 million to approximately HKD 18.7 million, a reduction of about HKD 1.1 million or 5.8%[40] - Administrative expenses increased from approximately HKD 15.3 million to approximately HKD 15.9 million, an increase of about HKD 0.6 million or 3.7%[45] - Other income significantly decreased from approximately HKD 3.7 million to HKD 0.6 million, a decline of about HKD 3.1 million, primarily due to the absence of government subsidies received in the prior year[42] Corporate Governance and Compliance - The financial data is prepared in accordance with the GEM Listing Rules, ensuring compliance and transparency in reporting[16] - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2021, with no significant impact on the financial results for the nine months ended December 31, 2021[18] - The company has complied with the GEM Listing Rules regarding the code of conduct for securities transactions by directors[67] - The company believes that maintaining high levels of corporate governance is essential for its continued growth[68] - The audit committee has been established to oversee the company's relationship with auditors and review financial information, consisting of three independent non-executive directors[76] - The unaudited consolidated financial information for the nine months ended December 31, 2021, has been approved by the audit committee, ensuring compliance with applicable accounting standards and GEM listing rules[76] Market Strategy and Future Outlook - The company is focused on expanding its market presence and enhancing its service offerings in the interior design sector[15] - The group aims for sustainable growth and to strengthen its competitiveness in the Hong Kong interior design industry[52] - The company believes that the Hong Kong residential market may be supported by relatively low mortgage rates and ongoing demand despite weak market sentiment[52] - The group plans to maintain and solidify its market position in Hong Kong, enhance brand awareness, and strengthen marketing efforts[52] Shareholder Information - As of December 31, 2021, the major shareholder, Jun Tai Ting Investment, holds 158,947,368 shares, representing 73.81% of the total issued share capital[55] - The total consideration for the acquisition of shares by Jun Tai Ting Investment was HKD 73,810,000, equivalent to approximately HKD 0.4644 per share[57] - The company has a total issued share capital of 215,346,526 shares as of December 31, 2021, following a share consolidation[29] - The total number of ordinary shares issued by the company as of the report date is 215,346,526 shares[65] - The company repurchased a total of 110,360,000 ordinary shares with a par value of HKD 0.0001 during the nine months ended December 31, 2021[64] - The company has repurchased a total of 110,360,000 shares at a cost of HKD 10,885,340 during the nine months ended December 31, 2021[65] - The highest repurchase price per share was HKD 0.480, while the lowest was HKD 0.042[65] - The group did not recommend any dividend for the nine months ended December 31, 2021, consistent with the previous year[27] - The company does not recommend any dividend payment for the nine months ended December 31, 2021[69] Lease Agreements - The company has entered into a lease agreement for a property in Hong Kong with a total annual cap of HKD 4,011,000 for the year ended March 31, 2022[72] - The annual cap for the lease agreement for the year ended March 31, 2023, is set at HKD 2,637,000[72] Miscellaneous - The group had no asset pledges as of December 31, 2021[51] - There are no significant matters known to the directors that would severely impact the group's operations and financial performance after December 31, 2021[74] - The company has not engaged in any trading or redemption of its listed securities during the nine months ended December 31, 2021[65] - The board of directors comprises two executive directors and three independent non-executive directors as of February 10, 2022[77]
客思控股(08173) - 2022 Q3 - 季度财报