Financial Performance - For the nine months ended September 30, 2022, the Group reported revenue of HK$31,737,000, a decrease of 27.3% compared to HK$43,650,000 for the same period in 2021[9]. - Gross profit for the nine months ended September 30, 2022, was HK$23,063,000, down 14.7% from HK$27,029,000 in the previous year[9]. - Profit before taxation for the nine months ended September 30, 2022, was HK$12,216,000, representing a decline of 27.5% from HK$16,804,000 in 2021[12]. - The earnings per share for the nine months ended September 30, 2022, was 2.50 HK cents, down from 3.84 HK cents in the same period of 2021, reflecting a decrease of 34.9%[12]. - The total comprehensive income for the period attributable to owners of the Company was HK$12,476,000 for the nine months ended September 30, 2022, compared to HK$16,584,000 in 2021, a decrease of 24.5%[12]. - Operating expenses for the nine months ended September 30, 2022, increased to HK$9,340,000 from HK$8,569,000 in the previous year, marking a rise of 9%[9]. - The Group's accumulated losses as of September 30, 2022, were HK$84,126,000, compared to HK$96,602,000 at the beginning of the year, indicating a reduction in losses[14]. - The total comprehensive income for the period was HK$12,216,000, which includes a profit of HK$12,476,000 attributable to the owners of the Company[14]. - Publications and advertising income for the nine months ended September 30, 2022 was HK$11,986,000, down 46.6% from HK$22,417,000 in the previous year[32]. - Outdoor advertising income for the nine months ended September 30, 2022 was HK$18,876,000, a slight decrease of 2.4% compared to HK$19,335,000 for the same period in 2021[32]. - The Group's revenue from the provision of exhibition and trade show services for the nine months ended September 30, 2022 was HK$875,000, down 53.9% from HK$1,898,000 in the previous year[32]. - Cost of sales decreased from approximately HK$16,621,000 for the nine months ended September 30, 2021 to approximately HK$8,674,000 for the nine months ended September 30, 2022[55]. Shareholder Information - As of September 30, 2022, Mr. Lui Man Wah holds an interest of 320,023,300 shares, representing approximately 61.73% of the issued share capital of the Company[73]. - The total number of shares issued by the Company as of September 30, 2022, is 518,400,000[73]. - Source Creation International Limited, wholly owned by Mr. Lui Man Wah, is the beneficial owner of the same 320,023,300 shares[76]. - During the nine months ended September 30, 2022, the Company did not purchase, sell, or redeem any of its listed securities[81]. - The Company has a Share Option Scheme that was adopted on February 16, 2015, which will expire on February 16, 2025[80]. - All share options granted under the Share Option Scheme have been cancelled since October 16, 2019[80]. - No other substantial shareholders were identified with interests or short positions in the shares of the Company as of September 30, 2022[77]. Compliance and Governance - The Audit Committee, comprising independent non-executive Directors, has reviewed the unaudited condensed consolidated financial results for the nine months ended September 30, 2022[89]. - There are no known competing businesses or conflicts of interest involving the Directors or controlling shareholders as of September 30, 2022[82]. - The compliance adviser, Lego Corporate Finance Limited, has no interest in the share capital of the Company as of September 30, 2022[83]. - The audit committee has been established in accordance with GEM listing rules, consisting of independent non-executive directors[91]. - The unaudited consolidated financial performance for the nine months ended September 30, 2022, has not been reviewed by the company's auditors[92]. - The board of directors includes executive and independent non-executive directors, ensuring a diverse governance structure[93]. Market Conditions and Challenges - The company anticipates facing challenges from the ongoing COVID-19 pandemic and will consider tightening control over operating costs to mitigate its impact[50]. - The prolonged COVID-19 pandemic has resulted in ongoing travel restrictions and lockdowns in the Guangdong-Hong Kong-Macau Greater Bay Area, affecting the company's major customers[49]. - The decrease in revenue and gross profit was mainly attributed to a slowdown in the publications and advertising business due to the new wave of COVID-19 infections[54]. - The company remains cautiously optimistic about its business despite the challenges posed by the pandemic[53]. - The Group's income tax expenses for the nine months ended September 30, 2022 were nil, as there were no assessable profits in Hong Kong[34]. Accounting Standards - The Group adopted new and revised HKFRSs for the first time, which did not have any significant effect on the results and financial position for the current and prior accounting periods[28]. - The Group has not early adopted any new and amendments to HKFRSs that have been issued but are not yet effective for the current period, anticipating no material impact on future consolidated financial statements[29]. - The Group's financial results have been prepared in accordance with HKFRSs and the GEM Listing Rules, under the historical cost basis[19]. - The Group's financial results are presented in Hong Kong dollars (HK$) for the nine months ended September 30, 2022[17].
惠陶集团(08238) - 2022 Q3 - 季度财报