Financial Performance - Total revenue for the nine months ended September 30, 2022, was approximately HKD 307.7 million, a decrease of about 56.9% compared to HKD 714.4 million in the same period of 2021[4] - The loss before tax for the period was approximately HKD 59.2 million, an increase of about 31.6% from a loss of HKD 45.0 million in the same period of 2021[4] - The loss attributable to equity holders of the company was approximately HKD 58.1 million, which is an increase of about 25.2% compared to HKD 46.4 million in the same period of 2021[4] - The basic and diluted loss per share for the period was approximately HKD 4.51, compared to HKD 3.60 in the same period of 2021[5] - The gross profit for the nine months ended September 30, 2022, was approximately HKD 1.85 million, compared to HKD 3.91 million in the same period of 2021[8] - The total comprehensive loss for the nine months ended September 30, 2022, was approximately HKD 59.2 million, compared to HKD 38.5 million in the same period of 2021[8] - The company reported a foreign exchange gain of approximately HKD 6.2 million for the nine months ended September 30, 2022[14] Revenue Breakdown - Trade business revenue was approximately HKD 295,800,000 for the nine months ended September 30, 2022, down from HKD 693,200,000 in the same period of 2021, reflecting a significant decline due to the impact of the Omicron variant and increased COVID-19 cases in Hong Kong[40] - Revenue from the petrochemical storage business decreased by approximately 43.6% to about HKD 11,900,000 for the nine months ended September 30, 2022, compared to HKD 21,100,000 in the same period of 2021[41] - The group's revenue decreased by approximately 56.9% to about HKD 305,900,000, compared to HKD 710,500,000 in the same period last year[47] Expenses and Costs - The company’s administrative expenses for the nine months ended September 30, 2022, were approximately HKD 35.7 million, compared to HKD 29.9 million in the same period of 2021[8] - The company incurred finance costs of HKD 15,452,000 for the nine months ended September 30, 2022, down from HKD 17,532,000 in the same period of 2021[27] - The financing cost for the period was approximately HKD 15,500,000, down from HKD 17,500,000 in the previous year, primarily due to the repayment of a USD 50,000,000 bond[47] Dividends and Shareholder Information - The company did not recommend any interim dividend for the period, consistent with the previous year[30] - The group did not declare any interim dividends for the period, consistent with the previous year[48] - Major shareholder Da Feng Port Overseas Investment Holdings holds 740,040,000 shares, representing approximately 57.46% of the company's issued share capital[67] - Jiang Wen and Li Qiu Hua each hold 75,470,000 shares, accounting for 5.86% of the company's issued share capital[67] Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading or fraudulent elements were present[2] - The audit committee reviewed the third-quarter financial statements, which comply with applicable accounting standards and GEM listing rules[81] - The company is committed to maintaining high standards of corporate governance and has adhered to all relevant codes during the reporting period[80] - The company has established a securities trading code of conduct for its directors, with no known violations during the reporting period[79] Future Outlook and Challenges - The company will continue to monitor global economic conditions closely and aims to minimize the impact on its operations during this downturn[38] - The group anticipates that global inflation, interest rate risks, and geopolitical uncertainties will continue to adversely affect its business activities[60] Investments and Assets - The group has no major investments or capital asset plans for the future as of September 30, 2022[59] - The group has no significant contingent liabilities as of September 30, 2022[61] - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance or position[26] Acknowledgments - The company expresses gratitude to management, staff, business partners, customers, and shareholders for their ongoing support[84]
盐城港(08310) - 2022 Q3 - 季度财报