Revenue Performance - During the Reporting Period, the Group's revenue was approximately HK$64,221,000, representing a decrease of approximately 7.1% from approximately HK$69,102,000 in the corresponding period last year[21]. - Revenue from the retail chain business in lighting and designer label furniture was approximately HK$64,196,000, a decrease of approximately 6.8% from approximately HK$68,872,000 in the corresponding period last year[22]. - Revenue from the tableware, giftware, and other business was approximately HK$25,000, representing a decrease of approximately 89.1% from approximately HK$230,000 in the corresponding period last year[23]. - The group's revenue for the reporting period was approximately HK$64,221,000, a decrease of about 7.1% compared to approximately HK$69,102,000 in the same period last year, primarily due to the ongoing impact of the local pandemic on the retail market[26]. - Revenue for the nine months ended December 31, 2022, was HK$64,221,000, a decrease of 7.4% compared to HK$69,102,000 for the same period in 2021[80]. - Revenue for the three months ended December 31, 2022, was HK$21,568,000, a decrease of 10.1% compared to HK$24,019,000 for the same period in 2021[101]. Profit and Expenses - The Group's gross profit was approximately HK$35,389,000, a decrease of approximately 7.2% from approximately HK$38,138,000 in the corresponding period last year, with an overall gross profit margin of approximately 55.1%[24]. - The group recorded a profit of approximately HK$2,504,000 during the reporting period, down from approximately HK$4,672,000 in the same period last year[33]. - Profit before income tax for the nine months ended December 31, 2022, was HK$2,782,000, a decline of 48.7% from HK$5,392,000 in 2021[80]. - Net profit attributable to owners of the Company for the nine months ended December 31, 2022, was HK$2,504,000, down 46.4% from HK$4,672,000 in the same period last year[80]. - Basic and diluted earnings per share for the nine months ended December 31, 2022, were HK$0.56, compared to HK$1.04 for the same period in 2021[80]. - Selling and distribution expenses were approximately HK$21,174,000, a decrease of approximately 2.9% from approximately HK$21,801,000 in the corresponding period last year[25]. - Administrative and other expenses increased by approximately 17.0% to approximately HK$12,145,000 from approximately HK$10,380,000 in the same period last year, primarily due to increased depreciation and staff costs[32]. - Selling and distribution expenses for the nine months ended December 31, 2022, were HK$21,174,000, a slight decrease of 2.9% from HK$21,801,000 in 2021[80]. - Administrative and other expenses increased to HK$12,145,000 for the nine months ended December 31, 2022, up 16.9% from HK$10,380,000 in the previous year[80]. - The company reported other income of HK$1,167,000 for the nine months ended December 31, 2022, compared to HK$15,000 in the same period of 2021[80]. - The company received government grants amounting to HK$1,006,000 for the nine months ended December 31, 2022, which was not present in the previous year[103]. Market Outlook and Strategy - The Directors foresee that the Hong Kong retail market remains challenging, with expectations of recovery as social distancing rules have been lifted[15]. - The Group will continue to focus on consolidating its retail network, optimizing product mix, and intensifying cost control[16]. - The Group is actively developing smart home and related products, looking for new opportunities in those businesses[16]. - The Group aims to maintain steady growth and maximize returns for investors while being responsive to market changes[17]. - The Group will adopt cautious strategies to control expenditure and maintain competitiveness in the evolving market[17]. Shareholding and Corporate Governance - As of December 31, 2022, Mr. Hui Kwok Keung Raymond held approximately 46.56% of the company's issued shares through a controlled corporation[51]. - Mr. Hue Kwok Chiu, as a beneficial owner, held approximately 9.98% of the company's issued shares[51]. - As of December 31, 2022, Time Prestige Ventures Limited holds 210,000,000 shares, representing approximately 46.56% of the total issued shares of the Company[58]. - Ms. Ng Hiu Ying, as the spouse of Mr. Hue Kwok Chiu, is deemed to be interested in 45,000,000 shares, which is approximately 9.98% of the total issued shares[60]. - The total number of shares available for issue under the Share Option Scheme is 40,000,000 shares, accounting for approximately 8.87% of the total number of issued shares[65]. - No share options have been granted by the Company since the adoption of the Share Option Scheme[65]. - The Audit Committee reviewed the unaudited consolidated results for the nine months ended December 31, 2022, confirming compliance with applicable accounting standards and legal requirements[71]. - The Company has maintained a sufficient public float as of the date of the report[75]. Equity and Financial Position - As of December 31, 2022, total equity was HK$29,549,000, an increase from HK$27,045,000 as of April 1, 2022[83]. - The Company continues to assess the potential impact of new and revised HKFRSs on its future results of operation[93].
壹照明(08222) - 2023 Q3 - 季度财报