Financial Performance - For the nine months ended December 31, 2022, the company recorded unaudited revenue of approximately HKD 42,890,000, a decrease of about 30.34% compared to the same period last year[2]. - The company reported an unaudited loss attributable to owners of approximately HKD 3,780,000 for the nine months ended December 31, 2022, compared to an unaudited profit of HKD 870,000 in the previous year[2]. - Basic and diluted loss per share for the nine months ended December 31, 2022, was 0.75 HK cents, compared to earnings of 0.62 HK cents per share in the previous year[2]. - For the three months ended December 31, 2022, the company recorded unaudited revenue of HKD 13,941,000, down from HKD 21,303,000 in the same period last year[4]. - The gross profit for the nine months ended December 31, 2022, was HKD 6,136,000, a decrease from HKD 11,860,000 in the previous year[4]. - The total comprehensive loss for the nine months ended December 31, 2022, was HKD 2,796,000, compared to a loss of HKD 1,330,000 in the previous year[5]. - The operating loss for the nine months ended December 31, 2022, was HKD 13,042,000, compared to an operating loss of HKD 4,850,000 in the same period of 2021[15]. - The group reported a net loss of HKD 3,784,000 for the nine months ended December 31, 2022, compared to a profit of HKD 866,000 in the same period of 2021[15]. - The overall gross profit margin decreased from 19.26% for the nine months ended December 31, 2021, to 14.31% for the nine months ended December 31, 2022, primarily due to a reduction in sales of higher-margin electronic products[35]. Revenue Breakdown - Revenue from restaurant operations for the nine months ended December 31, 2022, was HKD 20,402,000, down 14.3% from HKD 23,878,000 in the same period of 2021[12]. - The total revenue for the nine months ended December 31, 2022, was HKD 42,885,000, a decline of 30.3% from HKD 61,566,000 in the same period of 2021[12]. - Revenue from the electronic products segment for the nine-month period was approximately HKD 22,480,000, a decrease of about 40.34% compared to the same period in 2021[31]. - Revenue from electronic products manufacturing and trading for the nine months ended December 31, 2022, was HKD 20,865,000, down 43.1% from HKD 36,195,000 in the same period of 2021[15]. - For the three months ended December 31, 2022, the sales revenue from electronic products was HKD 6,265,000, a decrease of 50.6% compared to HKD 12,685,000 in the same period of 2021[12]. - The revenue from external customers in Hong Kong for the nine months ended December 31, 2022, was HKD 21,680,000, a decrease of 13.5% from HKD 25,012,000 in the same period of 2021[19]. - The group's total revenue from Europe for the nine months ended December 31, 2022, was HKD 12,555,000, a decrease of 51.6% from HKD 26,000,000 in the same period of 2021[19]. Expenses and Costs - The company incurred administrative and other expenses of HKD 18,601,000 for the nine months ended December 31, 2022, compared to HKD 17,255,000 in the previous year[4]. - Sales and distribution expenses for the nine months ended December 31, 2022, were approximately HKD 1,340,000, down 19.40% from HKD 1,670,000 in the same period of 2021[35]. - The increase in administrative expenses was primarily due to an increase in foreign exchange losses, which rose to approximately HKD 1,400,000 from a foreign exchange gain of HKD 2,000,000 in the previous year[36]. - Deferred tax for the nine months ended December 31, 2022, was HKD 547,000, compared to HKD 7,000 in the same period of 2021[22]. Shareholder Information - As of December 31, 2022, major shareholders held significant stakes, with Siu Yik Tung Jamie owning approximately 17.93% of the company[45]. - The company reported a total of 61,009,150 shares held by Bluemount investment Fund SPC, representing 10.20% of the issued share capital[47]. - Zhou Qilin holds 60,870,668 shares, which accounts for 10.18% of the total issued shares[47]. - Siu Wa Kei has a total of 48,619,944 shares, representing 8.13% of the issued share capital[47]. - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the nine months ending December 31, 2022[51]. Corporate Governance - The company has adopted the GEM Listing Rules regarding the standards of conduct for directors' securities transactions, with no known violations reported[52]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2022[56]. - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[53]. - There were no significant interests held by directors in contracts that could impact the group's business during the nine months ending December 31, 2022[54]. - The company did not identify any competitive businesses or conflicts of interest involving directors or major shareholders during the reporting period[55]. Future Outlook - The group plans to explore new business opportunities to broaden revenue sources and maximize long-term profits for shareholders[30]. - The group aims to increase market share through enhanced promotional and marketing activities, as well as the design and development of new electronic products[30]. - The group continues to manufacture and provide electronic products and PCB assembly services for customers in major markets, including the US and European countries[30].
毅高国际控股(08218) - 2023 Q3 - 季度财报