Revenue Performance - The total revenue for the group was approximately HKD 50.0 million, a decrease of about 55.9% compared to approximately HKD 113.5 million in the previous period[7]. - Revenue from home goods exports contributed approximately 87.3% to total revenue, amounting to about HKD 43.6 million, down approximately 59.0% from the previous period[7]. - Revenue for the three months ended December 31, 2022, was HKD 12,315,000, a decrease of 50.7% compared to HKD 24,944,000 in the same period of 2021[39]. - Total revenue for the nine months ended December 31, 2022, was HKD 50,047,000, down 56.0% from HKD 113,527,000 in the same period of 2021[55]. - Revenue from Denmark in Q3 2022 was HKD 2,578,000, a decline of 51.5% compared to HKD 5,320,000 in Q3 2021[57]. - Revenue from the United States increased to HKD 1,276,000 in Q3 2022, up 30.9% from HKD 975,000 in Q3 2021[57]. - Major customer A contributed HKD 2,579,000 in Q3 2022, down 57.4% from HKD 6,053,000 in Q3 2021[58]. Profitability and Loss - The group recorded a loss attributable to the owners of the company of approximately HKD 0.6 million, compared to a profit of approximately HKD 7.4 million in the previous period[9]. - The company reported a net loss attributable to owners of HKD 1,504,000 for the three months ended December 31, 2022, compared to a profit of HKD 1,031,000 in the same period of 2021[41]. - For the nine months ended December 31, 2022, the loss attributable to shareholders was HKD 627,000, a significant decline from a profit of HKD 7,371,000 in the previous year[71]. - The company recorded other comprehensive loss of HKD 1,478,000 for the three months ended December 31, 2022, compared to a gain of HKD 1,004,000 in the same period of 2021[41]. - Total comprehensive loss for the nine months ended December 31, 2022, was HKD 474,000, a decrease from a comprehensive income of HKD 7,324,000 in the previous year[41]. Cost Management - Selling and distribution expenses decreased to approximately HKD 8.8 million, down about 9.3% from approximately HKD 9.7 million in the previous period[16]. - The cost of home goods for the three months ended December 31, 2022, was HKD 6,866,000, down from HKD 16,402,000 in the same period of 2021, representing a decrease of approximately 58.2%[71]. - Employee costs, including directors' remuneration, totaled HKD 2,011,000 for the three months ended December 31, 2022, compared to HKD 2,252,000 in the same period of 2021, reflecting a decrease of about 10.7%[71]. - The depreciation of right-of-use assets for the three months ended December 31, 2022, was HKD 154,000, compared to HKD 190,000 in the same period of 2021, indicating a decrease of approximately 18.9%[71]. - The company incurred rental expenses of HKD 402,000 for office properties during the three months ended December 31, 2022, down from HKD 443,000 in the same period of 2021, a decrease of approximately 9.3%[73]. Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, but the roles of Chairman and CEO are not separated, with Mr. She holding both positions, representing 61.125% of the shares[30]. - The company has established an audit committee consisting of three independent non-executive directors to review accounting standards and policies[38]. - The company has confirmed compliance with all applicable provisions of the corporate governance code during the reporting period, except for the separation of the Chairman and CEO roles[30]. - No directors or major shareholders have interests that could directly or indirectly compete with the company's business[36]. - The company has implemented a code of conduct for directors regarding securities trading, confirming full compliance with the standards set forth in GEM Listing Rules[28]. Future Outlook - The group anticipates a challenging operating environment for the remainder of the fiscal year ending March 31, 2023, due to ongoing global economic pressures[10]. - The group will continue to launch more product varieties and expand its sales network and customer base to enhance revenue and profitability[10]. - The company will continue to review the need for appointing a suitable candidate for the CEO role in the future[30]. Financial Position - The company’s total equity attributable to owners decreased to HKD 35,070,000 as of December 31, 2022, from HKD 39,560,000 at the end of the previous year[44]. - Non-current assets in Hong Kong as of December 31, 2022, were HKD 117,000, down from HKD 690,000 as of March 31, 2022[57]. - Interest income for the nine months ended December 31, 2022, was HKD 191,000, a decrease of 13.2% from HKD 220,000 in the same period of 2021[55]. - The effective tax rate for the company in Hong Kong is 8.25% for the first HKD 2 million of profits, and 16.5% for profits exceeding that amount[65].
舍图控股(08392) - 2023 Q3 - 季度财报