Financial Performance - Revenue for the three months ended December 31, 2021, was HKD 421,442,000, a decrease of 23.4% compared to HKD 550,731,000 for the same period in 2020[3] - Revenue for the nine months ended December 31, 2021, was HKD 1,246,596,000, down 5.4% from HKD 1,317,376,000 in the previous year[3] - Gross profit for the three months ended December 31, 2021, was HKD 36,841,000, representing a gross margin of 8.7%[3] - Operating profit for the three months ended December 31, 2021, was HKD 9,683,000, a decline of 34.5% from HKD 14,769,000 in the same quarter of 2020[5] - Net profit for the three months ended December 31, 2021, was HKD 7,405,000, compared to HKD 10,413,000 for the same period in 2020, reflecting a decrease of 29.0%[5] - Basic earnings per share for the three months ended December 31, 2021, was HKD 6.47, an increase from HKD 5.66 in the previous year[5] - The company reported a total comprehensive income of HKD 9,968,000 for the three months ended December 31, 2021, compared to HKD 20,364,000 in the same period of 2020[7] Revenue Sources - The company’s revenue from beauty and body services increased to HKD 52,472,000 for the nine months ended December 31, 2021, up 17.7% from HKD 44,539,000 in the previous year[10] - The company’s securities investment performance improved significantly, with revenue of HKD 16,856,000 for the nine months ended December 31, 2021, compared to HKD 6,924,000 in the same period of 2020, representing a growth of 143.5%[10] - The distribution revenue for the group decreased to approximately HKD 1,170,328,000, down from HKD 1,254,455,000 in the previous year, reflecting a decline of about 6.7%[27] Cost and Profitability - The gross profit for the period was approximately HKD 118,829,000, an increase of 8% from HKD 110,287,000 in the previous year[22] - The company recorded a profit attributable to owners of approximately HKD 19,101,000, compared to a loss of HKD 5,359,000 in the same period last year[22] - The sales cost decreased from approximately HKD 1,207,089,000 to HKD 1,127,767,000, reflecting effective cost control measures[22] - Interest income from lending decreased by 42% to approximately HKD 5,618,000 from HKD 9,724,000 in the previous year[21] Dividends and Shareholder Information - The company did not recommend an interim dividend for the nine months ended December 31, 2021, compared to no dividend in the previous year[20] - As of December 31, 2021, the company’s directors and key executives hold a total of 2,251,482 shares under the share option plan, representing approximately 3% of the issued share capital[39] - Major shareholder Qiu Zhongzong holds 10,111,000 shares, accounting for 13.47% of the company's issued share capital as of December 31, 2021[41] - The total number of share options granted to employees is 1,500,988, which is part of the overall 5,253,458 options granted under the share option plan[39] Corporate Governance - The company has established a formal and transparent procedure to protect shareholder interests, adhering to the GEM Listing Rules[45] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial performance for the three and nine months ended December 31, 2021[47] - The company has adopted the trading standards outlined in GEM Listing Rules for directors' securities transactions, ensuring compliance[49] - No directors or their immediate family members have been authorized to acquire shares or bonds of the company during the review period[42] - The company has not disclosed any competitive interests held by its directors or major shareholders in businesses that may compete with the group[44] Future Plans and Market Position - The company plans to introduce advanced and high-quality services and products to enhance customer loyalty and brand image[24] - The overall economic improvement in Hong Kong is expected to positively impact the company's operations in the beauty and wellness sector[24] - The company aims to maintain its leadership position in the industry by continuously innovating and introducing new beauty and anti-aging treatments[24] - The group aims to continue developing and introducing advanced health and beauty products to enhance the attractiveness of the "修身堂" brand and maintain market leadership[28] - The group has established a strong presence in the Chinese market since 2004, leveraging its brand recognition to capture a significant market share in the beauty and body care industry[30] - The group plans to control the pace and scale of property acquisitions due to uncertainties arising from the COVID-19 pandemic and global economic conditions[34] - The net proceeds from the rights issue amounted to approximately HKD 352,000,000, with various allocations including HKD 116,000,000 for property acquisitions and HKD 78,000,000 for developing the lending business[34] - The group is committed to expanding its distribution network across various channels, including e-commerce and modern retail outlets, to enhance customer reach[27] - The group will continue to focus on high-quality beauty and body care services to meet the increasing demand from customers for premium offerings[26] - The group has recorded a significant number of franchise stores under the "張玉珊修身堂" brand, establishing itself as a leader in the Chinese beauty and body care industry[30] Share Options - The exercise price for the share options granted to directors and key executives is set at HKD 0.87 per share, with an exercise period from February 10, 2021, to February 9, 2026[39] - The weighted average remaining contractual life of the share options is 4.87 years as of April 1, 2021[39] Securities Transactions - The company did not purchase, redeem, or sell any of its listed securities during the nine months ended December 31, 2021[50] - The board of directors includes executive directors Mr. Mei Wai Chan and Mr. Chan Ka Kin, and independent non-executive directors[50]
修身堂(08200) - 2022 Q3 - 季度财报