Financial Performance - The company's revenue for the third quarter of 2021 was HKD 12,147,000, a decrease of 10.2% compared to HKD 13,530,000 in the same period of 2020[5] - Gross profit for the third quarter was HKD 9,363,000, down 13.3% from HKD 10,807,000 year-on-year[5] - The company reported a net loss attributable to shareholders of HKD 2,775,000 for the third quarter, compared to a profit of HKD 1,830,000 in the same quarter of 2020[5] - For the nine months ended December 31, 2021, total revenue was HKD 36,980,000, a decline of 8.5% from HKD 40,521,000 in the previous year[5] - The company recorded revenue of approximately HKD 37.0 million for the nine months ended December 31, 2021, a decrease of about 8.6% from HKD 40.5 million in the same period of 2020 due to weakened consumer sentiment caused by the COVID-19 pandemic[34] - Revenue from the sale of women's lingerie and related products was HKD 31.3 million for the nine months ended December 31, 2021, compared to HKD 35.8 million for the same period in 2020, reflecting a decline of approximately 15.0%[17] - The gross profit margin decreased from approximately 80.0% for the nine months ended December 31, 2020, to about 75.1% for the same period in 2021, a reduction of approximately 6.1%[35] - The company reported a total comprehensive loss of HKD 2,795,000 for the third quarter, compared to a comprehensive income of HKD 1,648,000 in the same period of 2020[5] - The company reported a loss attributable to owners of approximately HKD 0.9 million for the nine months ended December 31, 2021, compared to a profit of approximately HKD 7.9 million for the same period in 2020, primarily due to increased employee and marketing costs, as well as a decrease in government subsidies and rent concessions related to COVID-19[39] Expenses and Costs - The company incurred total operating expenses of HKD 21,038,000 for the nine months, compared to HKD 19,878,000 in the same period of 2020, reflecting an increase of 5.8%[5] - Sales expenses increased from approximately HKD 13.3 million for the nine months ended December 31, 2020, to approximately HKD 16.1 million for the same period in 2021, primarily due to increased marketing expenses and a net decrease in depreciation of right-of-use assets[36] - Administrative and other operating expenses decreased from approximately HKD 15.5 million for the nine months ended December 31, 2020, to approximately HKD 13.8 million for the same period in 2021, mainly due to increased employee costs and a net decrease in depreciation of property, plant, and equipment[36] - Income tax expenses decreased from approximately HKD 1.2 million for the nine months ended December 31, 2020, to approximately HKD 0.3 million for the same period in 2021[37] Shareholder Information - Global Succeed Group Limited holds 170,000,000 shares, representing 32.19% of the company's issued share capital as of December 31, 2021[45] - Waichun Logistics Technology Limited holds 81,125,000 shares, representing 15.36% of the company's issued share capital as of December 31, 2021[45] - The company has not granted any share options under the share option scheme as of the report date[53] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules, except for the separation of roles between the chairman and the chief executive officer[55] - The company has adopted a code of conduct for directors regarding securities trading, and no violations were reported during the nine months ended December 31, 2021[56] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2021[57] - The financial data in the report has not been audited by the company's auditors, but the audit committee has reviewed the unaudited consolidated results and confirmed compliance with applicable accounting standards[58] - The audit committee consists of independent non-executive directors, ensuring oversight of the financial reporting process and internal controls[58] Future Plans and Strategies - The company plans to continue expanding its market presence in Hong Kong and mainland China, focusing on the design and manufacturing of women's lingerie products[10] - The company is exploring new product development opportunities to enhance its competitive edge in the market[10] - The company plans to continue implementing cost control measures and improve product quality and design to meet changing customer demands[33] - The company aims to expand its sales and marketing channels in China and Hong Kong through partnerships for developing e-commerce platforms[33] - The company will restructure and appropriately expand its physical store network in Hong Kong and China markets[33] Earnings Per Share - Basic and diluted loss per share for the third quarter was HKD (0.53), compared to earnings of HKD 0.38 per share in the same quarter of the previous year[5] - The company reported a basic loss per share of HKD 2,775 for the three months ended December 31, 2021, compared to a profit of HKD 1,830 in the same period of 2020[24] Name Change - The company’s name was changed from "心心芭迪貝伊集團有限公司" to "海納星空科技集團有限公司" during the review period[32] Taxation - The estimated taxable profits for Hong Kong profits tax were calculated at a tiered rate of 8.25% for the first HKD 2 million and 16.5% for the excess[19]
海纳星空科技(08297) - 2022 Q3 - 季度财报