Financial Performance - The group's revenue for the nine months ended December 31, 2021, was approximately HKD 29.1 million, representing a 3.2% increase compared to HKD 28.2 million for the same period in 2020[8] - Gross profit for the same period was approximately HKD 22.8 million, an increase of about 4.1% from HKD 21.9 million in the previous year, with a gross margin of approximately 78.4%[8] - The group reported a net loss of approximately HKD 2.7 million for the nine months ended December 31, 2021, an improvement from a net loss of HKD 4.0 million in the same period of 2020[8] - For the nine months ended December 31, 2021, the group reported total revenue of HKD 29,073,000, an increase from HKD 28,214,000 for the same period in 2020, representing a growth of 3.06%[57] - The gross profit for the nine months ended December 31, 2021, was HKD 22,774,000, compared to HKD 21,919,000 in the previous year, indicating a year-on-year increase of 3.91%[57] - The net profit for the three months ended December 31, 2021, was HKD 2,093,000, up from HKD 1,616,000 in the same period of 2020, reflecting a growth of 29.5%[57] - The basic and diluted earnings per share for the nine months ended December 31, 2021, was a loss of HKD 0.75, improving from a loss of HKD 1.10 in the same period of 2020[57] - For the nine months ended December 31, 2021, the profit attributable to equity holders was HKD 2,093,000, compared to a loss of HKD 2,695,000 for the same period in 2020, representing a significant improvement[83] Expenses and Costs - Administrative expenses decreased by approximately 11.6% to about HKD 22.0 million from HKD 24.9 million in the previous year, mainly due to reductions in rent, legal fees, and employee compensation[10] - The group incurred administrative expenses of HKD 21,958,000 for the nine months ended December 31, 2021, a decrease from HKD 24,897,000 in the same period of 2020, showing a reduction of 12.0%[57] - The group’s financing costs for the nine months ended December 31, 2021, were HKD 2,417,000, down from HKD 2,653,000 in the previous year, indicating a decrease of 8.9%[57] - The group’s sales and distribution costs for the nine months ended December 31, 2021, were HKD 1,323,000, compared to HKD 1,150,000 in the previous year, representing an increase of 15.0%[57] - The total cost of inventory recognized as an expense was HKD 5,348,000 for the nine months ended December 31, 2021, compared to HKD 5,397,000 for the same period in 2020[77] - Depreciation of property, plant, and equipment for the nine months ended December 31, 2021, was HKD 3,307,000, a decrease from HKD 3,542,000 for the same period in 2020[77] Assets and Liabilities - As of December 31, 2021, the group's current assets were approximately HKD 16.6 million, up from HKD 14.2 million in 2020, while current liabilities increased to approximately HKD 15.0 million from HKD 4.6 million[14] - The group's current ratio as of December 31, 2021, was approximately 1.11 times, down from 3.09 times in the previous year[14] - The debt-to-equity ratio as of December 31, 2021, was approximately 370.2%, compared to 271.6% in the previous year, indicating a significant increase in leverage[16] - As of December 31, 2021, the total equity was HKD 25,478,000, down from HKD 36,512,000 as of April 1, 2021, representing a decrease of 30.2%[60] Corporate Governance - The group maintained high standards of corporate governance and complied with the relevant provisions of the corporate governance code[33] - The directors confirmed compliance with the code of conduct for securities transactions during the nine months ended December 31, 2021[34] - The board of directors resolved not to declare any dividends for the nine months ended December 31, 2021, consistent with the previous year[26] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2021[35] - There were no significant events after the reporting period that would impact the group's performance for the nine months ended December 31, 2021[30] Shareholding and Stock Options - As of December 31, 2021, the directors and senior management held a total of 270,000,000 shares, representing approximately 74.70% of the company's ordinary shares[37] - The total number of shares held by major shareholders is 270,000,000, which is consistent across multiple entities[44] - The stock option plan was approved on March 14, 2018, to incentivize selected participants for their contributions to the group[50] - The stock option plan includes full-time employees, consultants, and other selected participants[50] - The total number of unexercised share options as of December 31, 2021, was 28,450,000, down from 30,900,000 at the beginning of the period, reflecting a reduction of 7.9%[51] - The stock options granted under the plan are part of the company's strategy to reward contributions from various stakeholders[50] Market Outlook - The group expects the retail environment to gradually recover as vaccination rates increase, maintaining an optimistic outlook for the overall retail market in Hong Kong[13]
英记茶庄集团(08241) - 2022 Q3 - 季度财报