Financial Performance - Revenue for the three months ended December 31, 2022, was HKD 8,126,000, a decrease of 35.5% compared to HKD 12,642,000 for the same period in 2021[5] - Gross profit for the nine months ended December 31, 2022, was HKD 10,312,000, down 47.5% from HKD 19,605,000 in the previous year[5] - Operating loss for the three months ended December 31, 2022, was HKD 775,000, compared to an operating profit of HKD 876,000 for the same period in 2021[5] - The net loss for the nine months ended December 31, 2022, was HKD 2,425,000, compared to a profit of HKD 2,252,000 in the previous year[5] - Basic loss per share for the three months ended December 31, 2022, was HKD (0.31), compared to earnings of HKD 0.04 for the same period in 2021[5] - Total comprehensive loss for the nine months ended December 31, 2022, was HKD 2,605,000, compared to total comprehensive income of HKD 2,252,000 in the previous year[5] - Revenue for the nine months ended December 31, 2022, was HKD 26,283,000, down 31.3% from HKD 38,267,000 in the previous year[12] - The company reported a loss attributable to owners of the company of HKD 660,000 for the three months ended December 31, 2022, compared to a profit of HKD 91,000 in the same period of 2021[20] - The company’s financial costs decreased significantly by approximately 98.6% from HKD 1.2 million for the nine months ended December 31, 2021, to about HKD 17,000 for the same period in 2022[40] Expenses - Administrative expenses for the nine months ended December 31, 2022, were HKD 13,473,000, a decrease of 15.2% from HKD 15,891,000 in the previous year[5] - The total employee benefits expenses for the nine months ended December 31, 2022, were HKD 18,273,000, a decrease of 8.4% from HKD 19,944,000 in the previous year[18] - Service costs for the nine months ended December 31, 2022, were approximately HKD 16.0 million, down about HKD 2.7 million or 14.4% from HKD 18.7 million in the same period of 2021[34] - The company incurred a tax expense of HKD 122,000 for Hong Kong profits tax for the three months ended December 31, 2022, compared to a tax expense of HKD 370,000 in the same period of 2021[15] - The company’s tax credit for the nine months ended December 31, 2022, was approximately HKD 97,000, a decrease of about HKD 977,000 from a tax expense of approximately HKD 880,000 in the prior year[42] Equity and Shares - The company’s total equity as of December 31, 2022, was HKD 45,243,000, a decrease from HKD 47,848,000 as of April 1, 2022[6] - The weighted average number of ordinary shares for calculating basic loss per share was 215,347,000 for the nine months ended December 31, 2022[20] - The company holds a total equity interest of 159,068,639 shares, representing 73.87% of the total issued shares as of December 31, 2022[50] - The company repurchased and canceled a total of 117,152,000 shares at a total cost of approximately HKD 10.886 million during the nine months ended December 31, 2021[25] Governance and Compliance - The board believes that maintaining high corporate governance standards is crucial for the group's sustainable growth, and has adopted the corporate governance code as per GEM Listing Rules[61] - The audit committee, consisting of three independent non-executive directors, oversees the company's financial reporting and internal control systems[69] - The unaudited financial results for the nine months ending December 31, 2022, have been approved by the audit committee, ensuring compliance with applicable accounting standards[70] - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the GEM Listing Rules for the nine months ending December 31, 2022[60] Future Outlook and Strategy - The group aims for sustainable growth and to strengthen its competitiveness in the Hong Kong interior design industry[46] - The company believes that the Hong Kong residential market may be supported by relatively low mortgage rates and ongoing demand despite weak market sentiment[46] - The group plans to maintain and strengthen its market position in Hong Kong, enhance brand awareness, and continue talent recruitment and internal training to support future growth[46] - The group continues to monitor the global macroeconomic environment, particularly the ongoing impact of the COVID-19 pandemic[46] Acquisitions and Investments - The acquisition of 50% of the issued shares of Yuen Yat Investment Limited was completed for HKD 11,200,000, involving a property of approximately 13,939 square feet[56] - As of December 31, 2022, the company had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the nine months[58] - The company reported no buybacks or redemptions of its listed securities during the nine months ending December 31, 2022[59] Miscellaneous - The company did not recommend any dividend for the nine months ended December 31, 2022, consistent with the previous year[21] - The company has not granted, exercised, cancelled, or forfeited any share options during the nine months ending December 31, 2022[52] - The board consists of two executive directors and three independent non-executive directors as of the report date[71] - The company has not disclosed any significant matters that could severely impact its operations and financial performance after December 31, 2022[68] - The company has not made any new insurance arrangements for potential legal actions against its directors and senior officers since January 8, 2022[63] - The company entered into a lease agreement on January 1, 2023, for properties in Hong Kong, with a total annual cap of HKD 3,516,000 for the fiscal year ending March 31, 2024[68]
客思控股(08173) - 2023 Q3 - 季度财报