Financial Performance - For the nine months ended September 30, 2022, the group's revenue was approximately HKD 178.4 million, an increase of about 4.1% compared to the previous period[9]. - The gross profit for the same period was approximately HKD 59.2 million, reflecting a 14.3% increase, with a gross margin rising from approximately 30.2% to 33.2%[9]. - The profit attributable to equity holders for the nine months was approximately HKD 17.9 million, a significant increase of about 73.8% compared to the previous period[9]. - Earnings per share for the nine months was approximately HKD 4.47, compared to HKD 2.57 in the previous period[9]. - The operating profit for the nine months was approximately HKD 20.7 million, up from HKD 12.4 million in the previous period[12]. - The total comprehensive income attributable to equity holders for the nine months was approximately HKD 14.5 million, compared to HKD 11.7 million in the previous period[12]. - The company reported a net financing income of approximately HKD 536,000 for the nine months, compared to a net financing loss of HKD 118,000 in the previous period[12]. - The total comprehensive income amounted to HKD 14,498,000, compared to HKD 17,899,000 for the same period in 2021, reflecting a decrease of approximately 19.5%[14]. Revenue Breakdown - Revenue from beauty product sales for the nine months ended September 30, 2022, was HKD 147,989,000, a decrease of 7.5% from HKD 160,128,000 in the same period of 2021[24]. - Revenue from cosmetic bag sales for the nine months ended September 30, 2022, was HKD 30,448,000, compared to HKD 11,214,000 in the same period of 2021, indicating a significant increase of approximately 171.5%[24]. Expenses and Financial Position - The administrative expenses for the nine months were approximately HKD 25.3 million, compared to HKD 24.6 million in the previous period[12]. - The group reported a decrease in selling and distribution expenses to approximately HKD 13.1 million, down about HKD 3.6 million from approximately HKD 16.7 million in the previous period, mainly due to lower shipping and freight costs[44]. - Cash and cash equivalents as of September 30, 2022, were approximately HKD 94.4 million, down from approximately HKD 140.5 million at the end of the previous year[42]. - The group maintained a current ratio of approximately 7.3 times as of September 30, 2022, compared to approximately 7.5 times at the end of the previous year[42]. Shareholder Information - As of the report date, the company has issued a total of 400,000,000 shares, with a potential issuance of 40,000,000 shares under the share option plan, representing 10% of the issued share capital[64]. - The total equity held by directors and key executives in the company amounts to 300,000,000 shares, representing 75% of the issued voting shares[73]. - Classic Charm Investments Limited holds 300,000,000 shares, representing 75.00% of the voting rights[77]. - The beneficial ownership of the 300,000,000 shares is distributed among three individuals: Mr. Ke (50.8%), Ms. Zhu (39.7%), and Ms. Chen (9.5%) [77]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting and risk management practices[91]. - There are no known conflicts of interest involving directors or major shareholders as of September 30, 2022[83]. - The company has complied with all corporate governance codes except for the absence of certain directors at the annual general meeting due to travel restrictions[85][86]. - The company has adopted a code of conduct for securities trading, ensuring compliance with the GEM listing rules[89]. Strategic Focus - The company continues to focus on the design, development, manufacturing, and sales of beauty products and cosmetic bags, indicating ongoing commitment to market expansion and product innovation[15]. - The management is focused on assessing changing market preferences and evaluating different sales and marketing strategies to meet customer demands[36]. - The group continues to explore innovative strategies and plans to maintain good relationships with long-term customers despite challenging market conditions[35]. Other Information - The board did not recommend any interim dividend for the period, consistent with the previous period[9]. - The company has not applied new accounting standards that have been issued but not yet effective, and is currently assessing their impact on performance and financial position[21]. - The company has not repurchased any shares during the nine months ending September 30, 2022[90]. - The company did not enter into any acquisition agreements that require disclosure under GEM listing rules during the period[60]. - No significant changes in the company's organizational documents have occurred as of September 30, 2022[95]. - No significant events affecting the company's business or financial performance have been noted after September 30, 2022[96].
德宝集团控股(08436) - 2022 Q3 - 季度财报