Financial Performance - The company's revenue for the nine months ended September 30, 2022, was approximately HKD 144,467,000, a decrease of 5.82% compared to HKD 153,401,000 in the previous year[10]. - EBITDA for the same period was HKD 63,138,000, reflecting a decline of 14.42% from HKD 73,774,000 year-on-year[10]. - Net profit for the nine months was HKD 29,632,000, down 23.95% from HKD 38,966,000 in the prior year[10]. - For the three months ended September 30, 2022, the company reported revenue of HKD 48,603,000, a decrease of 5.5% compared to HKD 51,370,000 for the same period in 2021[71]. - The company recorded a net profit of HKD 10,542,000 for the three months ended September 30, 2022, compared to HKD 14,236,000 in the same period of 2021, representing a decline of 25.5%[71]. - Basic and diluted earnings per share for the nine months ended September 30, 2022, were HKD 7.06, down from HKD 8.78 in the previous year, reflecting an 19.5% decrease[71]. - The total comprehensive income attributable to equity holders of the parent for the nine months ended September 30, 2022, was HKD 28,237,000, down from HKD 35,107,000 in the same period of 2021[108]. Revenue Breakdown - The revenue breakdown shows that 51.95% came from personal client rentals, totaling HKD 75,041,000, while sales of elder-related products accounted for 75.02% of total revenue[16]. - Revenue from elderly care services decreased from approximately HKD 114,223,000 to HKD 108,373,000, a decline of about 5.12% compared to the same period last year[21]. - Revenue from the sale of elderly-related products and health services decreased from approximately HKD 39,178,000 to HKD 36,094,000, a decline of about 7.87% due to lower average occupancy rates[24]. - Revenue from personal clients for elderly care services decreased from approximately HKD 80,893,000 to HKD 75,041,000, a decline of about 7.23%[21]. - Revenue from day care services provided to the elderly increased from approximately HKD 3,566,000 to HKD 3,601,000, an increase of about 0.98%[21]. - Revenue from the fixed number of beds rented by the Social Welfare Department under the Enhanced Buy Place Scheme increased from approximately HKD 29,241,000 to HKD 29,524,000, an increase of about 0.97%[21]. - Revenue from beds rented by non-government organizations decreased from approximately HKD 523,000 to HKD 208,000, a decline of about 60.23% due to reduced referrals from NGOs during the pandemic[23]. Operational Challenges - The company plans to enhance staff training and implement cost control measures to optimize resources in response to increased operational costs due to the COVID-19 pandemic[14]. - The company will continue to monitor the situation in its elder care homes and implement special measures for infection control amid the ongoing pandemic[14]. - Average occupancy rate for Enhanced Buy Place Scheme elderly homes decreased to 86.17% from 94.56% in the previous year, while non-Enhanced Buy Place Scheme homes decreased to 75.34% from 82.06%[26]. - Employee costs increased from approximately HKD 61,950,000 to HKD 71,708,000, an increase of about 15.75% due to hiring more staff for health and personal care services[29]. - Property rental and related expenses increased from approximately HKD 13,934,000 to HKD 15,038,000, an increase of about 7.92%[30]. Future Outlook - The aging population in Hong Kong is projected to nearly double by 2040, driving demand for elder care services and presenting growth opportunities for the company[15]. - The management team is considering expanding its network of elder care homes in strategic locations to serve more elderly residents[15]. Corporate Governance - The company is committed to ensuring the accuracy and completeness of its financial reporting, as stated in its compliance with GEM listing rules[2]. - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[42]. - The company emphasizes the importance of good corporate governance for sustainable business growth and shareholder value[42]. - There were no competitive businesses or conflicts of interest reported among directors or major shareholders during the reporting period[44]. Shareholder Information - As of September 30, 2022, Mr. Yi holds 258,996,000 shares, representing 64.75% of the company's equity[49]. - Mr. Lei holds 36,032,000 shares, representing 9.01% of the company's equity[49]. - 瑞樺 holds approximately 62.18% of the company's shares, equating to 248,700,000 shares[57]. - The total equity interests of 易先生 and related parties in 瑞樺 are collectively controlled at approximately 64.75%[62]. - The company has a significant concentration of ownership, with major shareholders holding substantial percentages of equity[60]. - The company has a total of 400,000,000 issued shares as of September 30, 2022[60]. Transactions and Dividends - The company agreed to acquire a property located at 9 Cheung Yip Street, Kowloon Bay, Hong Kong for HKD 16,474,500[40]. - The acquisition constitutes a discloseable transaction under GEM Listing Rules as the applicable percentage ratio exceeds 5% but is below 25%[40]. - No dividends were recommended for the reporting period[47]. - The company declared an interim dividend of HKD 4,599,000 during the reporting period[73]. - The company did not declare an interim dividend for the nine months ended September 30, 2022, compared to an interim dividend of HKD 32,000,000 for the same period in 2021[104]. Compliance and Reporting - The audit committee has reviewed the unaudited financial results and confirmed that they comply with applicable accounting standards[66]. - The financial report is prepared in accordance with International Financial Reporting Standards and is presented in Hong Kong dollars (HKD), rounded to the nearest thousand[79]. - The company operates a single reportable segment, which is the operation of elderly care homes[80]. - The company has not adopted any new or revised standards that have a significant impact on the financial statements for the nine months ended September 30, 2022[79]. - The company is currently evaluating the impact of new and revised standards on its financial performance and position, but has not identified any significant financial impact as of now[79].
恒智控股(08405) - 2022 Q3 - 季度财报