Financial Performance - The company's revenue for the third quarter of 2021 was approximately HKD 94.2 million, an increase of about 18.8% compared to HKD 79.3 million in the third quarter of 2020[5][10][12]. - Gross profit rose from HKD 16.4 million in the third quarter of 2020 to HKD 22.7 million in the third quarter of 2021, with a gross margin increase from 20.7% to 24.2%[6][13]. - The net profit for the third quarter of 2021 was approximately HKD 1.7 million, compared to a net loss of HKD 6.7 million in the same period of 2020, after excluding one-off items[6][10]. - The increase in revenue was primarily driven by improved market conditions leading to higher demand for printing services, including offset printing and digital printing[5][12]. - The increase in net profit was primarily due to a rise in demand for printing services and reduced depreciation from asset impairment of approximately HKD 11.8 million in the previous fiscal year[18]. - For the nine months ended December 31, 2021, the company's revenue was HKD 94,174,445, an increase of 18.8% compared to HKD 79,267,140 for the same period in 2020[35]. - The gross profit for the same period was HKD 22,749,895, representing a 38.8% increase from HKD 16,392,740 in the previous year[35]. - Operating profit for the nine months was HKD 3,176,605, up 32.4% from HKD 2,398,742 in the prior year[35]. - The profit attributable to owners of the company for the nine months was HKD 1,956,079, compared to HKD 2,008,944 in the same period of 2020, reflecting a decrease of 2.6%[35]. - The basic and diluted earnings per share for the nine months were HKD 0.22, unchanged from the previous year[35]. - The company reported a basic earnings per share of HKD 2.18 for the nine months ended December 31, 2021, compared to HKD 2.23 for the same period in 2020[50]. Expenses and Cost Management - Sales and administrative expenses for Q3 2021 were HKD 20.8 million, a decrease of HKD 2.6 million from HKD 23.4 million in Q3 2020[17]. - The company has implemented cost control measures and efficiency improvements to maintain profitability and market competitiveness[10]. Shareholder Information - As of December 31, 2021, the largest shareholder, Mr. Zhou Wenqiang, held 280.4 million shares, representing approximately 31.16% of the issued share capital[22]. - The second-largest shareholder, Mr. Xu Qingnai, held 110.5 million shares, representing approximately 12.28% of the issued share capital[22]. - The company has adopted a share option scheme since February 26, 2018, with no options granted, exercised, lapsed, or cancelled up to the report date[27]. Corporate Governance - The company emphasizes high standards of corporate governance, adhering to the GEM Listing Rules and maintaining transparency and accountability[28]. - The audit committee has reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[33]. - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[33]. Market Conditions and Challenges - The ongoing COVID-19 pandemic continues to create uncertainty in the economic outlook, impacting the company's financial performance[6][10]. - The company anticipates that the ongoing spread of COVID-19 variants will continue to pose challenges to its business operations and financial outlook[6][10]. Revenue Sources - The revenue from digital printing for the nine months ended December 31, 2021, was HKD 7,213,521, up 37.2% from HKD 5,258,921 in the previous year[45]. - The company has a diversified customer base with no single customer accounting for more than 10% of total revenue[45]. - The company's revenue is entirely derived from external customers located in Hong Kong[46]. Taxation - The income tax expense for the nine months ended December 31, 2021, included a deferred tax credit of HKD 673,194, compared to a deferred tax expense of HKD 308,660 in the previous year[48]. - The estimated tax provision for Hong Kong profits tax is calculated at a rate of 16.5%, consistent with the previous year[49].
环球印馆(08448) - 2022 Q3 - 季度财报