Revenue Performance - During the Reporting Period, the Group's revenue was approximately HK$69,102,000, representing an increase of approximately 8.5% from approximately HK$63,672,000 in the corresponding period last year[20]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$68,872,000, reflecting a 19.2% increase from approximately HK$57,790,000 in the same period last year[21]. - Revenue from the tableware, giftware, and other business was approximately HK$230,000, showing a significant decrease of approximately 96.1% from approximately HK$5,882,000 in the corresponding period last year[22]. - Revenue for the three months ended December 31, 2021, was HK$24,019,000, representing an increase of 6.2% compared to HK$22,603,000 for the same period in 2020[80]. - Revenue for the nine months ended December 31, 2021, reached HK$69,102,000, up 8.5% from HK$63,672,000 in the previous year[101]. Profit and Expenses - The Group's gross profit was approximately HK$38,138,000, representing an increase of approximately 18.6% from approximately HK$32,163,000 in the corresponding period last year[23]. - The overall gross profit margin for the Group during the Reporting Period was approximately 55.2%[23]. - Selling and distribution expenses were approximately HK$21,801,000, reflecting a 14.6% increase from approximately HK$19,031,000 in the previous year, primarily due to increased staff costs and depreciation[29]. - Administrative and other expenses amounted to approximately HK$10,380,000, an increase of about 7.8% from approximately HK$9,632,000 in the same period last year, mainly due to higher staff costs[31]. - The Group recorded a profit of approximately HK$4,672,000 during the reporting period, down from approximately HK$6,119,000 in the same period last year[32]. - Profit before tax for the three months ended December 31, 2021, decreased to HK$2,008,000, down 50.1% from HK$4,015,000 in the same period of 2020[80]. - Profit attributable to owners of the Company for the nine months ended December 31, 2021, was HK$4,672,000, a decrease of 23.5% compared to HK$6,119,000 in the previous year[80]. - Basic and diluted earnings per share for the nine months ended December 31, 2021, was HK$1.04, down 24.1% from HK$1.37 in the same period of 2020[80]. Strategic Initiatives - The Group actively adjusted its product strategies and carried out promotion activities to drive revenue growth during the Reporting Period[20]. - The Group plans to continue consolidating its retail network, optimizing product mix, and intensifying cost control to stabilize growth[15]. - The Group is actively developing smart home and COVID-19 related products while seeking new international trading opportunities[15]. - The Group remains cautiously optimistic about future development, focusing on maintaining competitiveness and maximizing returns for investors[16]. - The Company continues to focus on expanding its retail chain business in lighting and designer label furniture in Hong Kong[86]. Shareholder Information - As of December 31, 2021, Mr. Hui Kwok Keung Raymond held approximately 46.56% of the total issued shares through a controlled corporation[50]. - As of December 31, 2021, Time Prestige Ventures Limited holds 210,000,000 shares, representing approximately 46.56% of the total issued shares of the Company[57]. - Ms. Ng Hiu Ying, as the spouse of Mr. Hue Kwok Chiu, has an interest in 45,000,000 shares, which is about 9.98% of the total issued shares[57]. - The Company has a Share Option Scheme with a total of 40,000,000 shares available for issue, accounting for approximately 8.87% of the total issued shares, but no options have been granted since its adoption[64]. Compliance and Audit - The Audit Committee reviewed the unaudited consolidated results for the nine months ended December 31, 2021, confirming compliance with applicable accounting standards and GEM Listing Rules[70]. - The Company has maintained a sufficient public float as of the date of the report[74]. - The Group has adopted all new and revised HKFRSs relevant to its operations, with no significant effects on the results for the current and prior periods[92].
壹照明(08222) - 2022 Q3 - 季度财报