Financial Performance - For the three months ended September 30, 2022, the company reported revenue of HKD 99,891,000, a significant increase of 246% compared to HKD 28,880,000 for the same period in 2021[7]. - The net profit for the three months ended September 30, 2022, was HKD 13,226,000, compared to a loss of HKD 695,000 in the same period of 2021, marking a turnaround in performance[7]. - The total comprehensive income for the three months ended September 30, 2022, was HKD 12,816,000, compared to HKD 1,338,000 for the same period in 2021, indicating a substantial improvement[9]. - Total revenue for the nine months ended September 30, 2022, reached HKD 229,742,000, up 111% from HKD 108,863,000 in the previous year[7]. - The profit before tax for the nine months ended September 30, 2022, was HKD 14,834,000, a substantial increase from HKD 1,249,000 in the same period of 2021[21]. - The total comprehensive income for the nine months ended September 30, 2022, was HKD 12,232,000, compared to HKD 2,184,000 in the previous year, indicating a growth of 460%[11]. - The company reported a net profit of HKD 12,574,000 for the nine months ended September 30, 2022, compared to a loss of HKD 12,574,000 in the previous year[11]. - The basic and diluted earnings per share for the nine months ended September 30, 2022, was HKD 1.85, a significant increase from HKD 0.28 in 2021[30]. Revenue Breakdown - For the nine months ended September 30, 2022, the total revenue from the wine business was HKD 226,796,000, a significant increase from HKD 107,949,000 in the same period of 2021, representing a growth of 109%[21]. - The food business generated revenue of HKD 2,946,000 for the nine months ended September 30, 2022, compared to HKD 914,000 in the previous year, marking an increase of 223%[21]. - Revenue from external customers for the three months ended September 30, 2022, was HKD 99,824,000, a significant increase from HKD 28,819,000 in the same period of 2021, representing a growth of 247%[24]. - Revenue from wine trading for the nine months ended September 30, 2022, reached HKD 226,796,000, up from HKD 107,949,000 in 2021, marking a growth of 110%[25]. Expenses and Costs - Operating expenses increased to HKD 7,919,000 for the nine months ended September 30, 2022, from HKD 3,596,000 in the previous year, reflecting the company's expansion efforts[7]. - Finance costs for the three months ended September 30, 2022, increased to HKD 1,230,000 from HKD 865,000 in the same period of 2021, reflecting a rise of 42%[27]. - The cost of sales increased to approximately HKD 202.7 million, up from HKD 95.4 million, primarily due to market development price adjustments[56]. - Administrative expenses rose to approximately HKD 7.9 million, an increase of about 1.1 times from HKD 3.6 million in the previous year[56]. - Financial costs increased by approximately 32% to HKD 3.53 million from HKD 2.67 million in the previous year[57]. Market Expansion and Strategy - The company plans to continue its market expansion and product development strategies to sustain growth in the upcoming quarters[7]. - The company plans to continue expanding its wine and food business in Hong Kong and Australia, focusing on increasing market share and enhancing product offerings[23]. - The company aims to enhance its wine trading sales capabilities and seek acquisition opportunities to expand its customer base and supply channels in the APEC region[59]. - The company is exploring potential acquisitions to enhance its market position, targeting firms with complementary technologies[89]. Shareholder Information - The company did not recommend any dividends for the periods ended in 2022 and 2021[32]. - The average number of ordinary shares for the three months ended September 30, 2022, was 863,924,927, compared to 586,576,334 in the same period of 2021[30]. - The company issued 63,000,000 ordinary shares to acquire Win Everest Group as part of the acquisition cost[37]. - A total of 55,320,000 shares were successfully placed at a price of HKD 0.18 per share, raising approximately HKD 9.96 million[37]. - The company proposed a rights issue on April 28, 2022, offering 293,288,167 shares at a subscription price of HKD 0.10, aiming to raise approximately HKD 29.3 million before expenses[37]. Corporate Governance and Compliance - The board confirmed compliance with the corporate governance code as per GEM listing rules during the nine months ending September 30, 2022[85]. - The audit committee reviewed the unaudited third-quarter financial statements for 2022 and found them compliant with applicable accounting standards[87]. - No directors or key executives held interests in any competitive businesses during the nine months ending September 30, 2022[83]. Employee and Operational Insights - As of September 30, 2022, the group had approximately 17 employees and offers competitive compensation packages to attract and retain talent[71]. - The company has adopted a share option plan to incentivize and retain employees[74]. - As of September 30, 2022, there were no unexercised share options under the share option plan[47]. Future Projections - The company projects a revenue growth of 20% for Q4 2022, aiming for $180 million[89]. - The company plans to enhance its digital marketing strategy, aiming for a 50% increase in online sales[89].
百利达集团控股(08179) - 2022 Q3 - 季度财报