Financial Performance - Revenue for the nine months ended September 30, 2022, was approximately HKD 207.71 million, an increase of about 39.02% compared to HKD 149.41 million for the same period in 2021[6] - Profit attributable to owners of the company for the nine months ended September 30, 2022, was approximately HKD 2.64 million, compared to HKD 2.28 million for the same period in 2021[6] - Basic earnings per share for the nine months ended September 30, 2022, was approximately HKD 1.60 cents, up from HKD 0.23 cents for the same period in 2021[6] - Gross profit for the nine months ended September 30, 2022, was approximately HKD 50.33 million, compared to HKD 43.64 million for the same period in 2021[7] - The company reported a pre-tax profit of approximately HKD 2.57 million for the nine months ended September 30, 2022, compared to HKD 2.96 million for the same period in 2021[7] - Total comprehensive loss for the nine months ended September 30, 2022, was approximately HKD 4.63 million, compared to a total comprehensive income of HKD 4.11 million for the same period in 2021[7] - The group reported a loss attributable to equity holders of approximately HKD 2.64 million for the nine months ended September 30, 2022, compared to a loss of HKD 2.28 million in 2021[25] Revenue Breakdown - Revenue from finished watches for the nine months ended September 30, 2022, was HKD 168.31 million, up 94% from HKD 86.63 million in 2021[17] - Revenue from components for the nine months ended September 30, 2022, decreased to HKD 4.44 million from HKD 38.71 million in 2021, a decline of 88%[17] - Revenue from Indonesia for the nine months ended September 30, 2022, was HKD 124 million, representing a 24% increase from HKD 99.82 million in 2021[15] Expenses and Financial Ratios - The group incurred depreciation expenses of HKD 4.12 million for the nine months ended September 30, 2022, compared to HKD 2.45 million in 2021, an increase of 68%[18] - Sales and distribution expenses rose by approximately 4.55% to about HKD 2.99 million, primarily due to increased freight and transportation costs[37] - Administrative expenses increased by approximately 20.95% to about HKD 43.36 million, mainly due to rising employee salaries[37] - The group's cash and cash equivalents as of September 30, 2022, were approximately HKD 19.26 million, up from HKD 11.64 million as of September 30, 2021[40] - The current ratio as of September 30, 2022, was approximately 1.03, compared to 1.08 as of September 30, 2021[40] - The debt-to-equity ratio as of September 30, 2022, was approximately 170.11%, down from 193% a year earlier[41] Corporate Governance and Shareholder Information - The company has adhered to the corporate governance code as per GEM Listing Rules, with a noted deviation regarding the roles of Chairman and CEO being held by the same individual[65] - The audit committee was established on June 20, 2018, in accordance with GEM Listing Rules and Corporate Governance Code[67] - The audit committee's primary responsibilities include recommending the appointment and removal of external auditors and reviewing financial statements[67] - As of September 30, 2022, the major shareholders include Wan Yi Group Limited holding 93,000,000 shares, representing 56.36% of the total shares[56] - China New Economy Investment Limited holds 30,650,000 shares, accounting for 18.58% of the total shares[56] Future Outlook and Strategic Plans - The company plans to continue expanding its market presence and developing new products in the ODM sector[10] - The company has no major investment or capital asset plans for the upcoming year beyond what has been disclosed in the quarterly report[60] - The management discussion includes forward-looking statements based on current business strategies and assumptions about future operating environments[69] Miscellaneous - The group did not declare any dividends for the nine months ended September 30, 2022, consistent with the previous year[23] - The group has no capital commitments as of September 30, 2022[42] - The group has maintained consistent accounting policies with no significant impact from new or revised Hong Kong Financial Reporting Standards[14] - The financial information in the quarterly report has not been audited but has been reviewed by the audit committee[67] - During the reporting period, the company and its subsidiaries did not purchase, sell, or redeem any listed securities[57] - There were no conflicts of interest or competitive activities reported by directors or major shareholders during the reporting period[63] - The stock option plan approved on June 20, 2018, allows for the issuance of options not exceeding 10% of the total issued shares at any time[61] - No stock options have been granted since the adoption of the plan on June 28, 2018[62] - The group operates primarily in markets including Indonesia, India, Hong Kong, Brazil, and Australia, with significant revenue contributions from these regions[15] - The Hong Kong Trade Development Council's export index rose by 1.9 points to 32.8 in Q3 2022, indicating improved optimism among local exporters[32] - The executive directors as of the report date include Mr. Cheuk Sin Cheung and Ms. Au Ching Mei[69]
恒伟集团控股(08219) - 2022 Q3 - 季度财报