Financial Performance - For the nine months ended December 31, 2022, the company's revenue was approximately HKD 77.8 million, a decrease of about HKD 16.4 million or 17.4% compared to the same period in 2021[5]. - The gross profit decreased from approximately HKD 22.7 million in Q3 2021 to approximately HKD 12.6 million in Q3 2022, with a gross profit margin dropping from about 24.2% to 16.1%[12]. - The company recorded a loss attributable to owners of approximately HKD 13.1 million in Q3 2022, compared to a profit of approximately HKD 2.0 million in Q3 2021[9]. - Excluding one-off items, the loss attributable to owners in Q3 2022 was approximately HKD 15.4 million, compared to a profit of approximately HKD 1.7 million in Q3 2021[9]. - For the nine months ended December 31, 2022, the company's revenue was HKD 77,771,607, a decrease of 17.4% compared to HKD 94,174,445 for the same period in 2021[36]. - The gross profit for the same period was HKD 12,550,738, down 44.7% from HKD 22,749,895 in the previous year[36]. - The company reported a net loss attributable to shareholders of HKD 13,087,648 for the nine months ended December 31, 2022, compared to a profit of HKD 1,956,079 in the same period of 2021[36]. - The basic and diluted loss per share for the nine months was HKD (1.45), compared to earnings of HKD 0.22 per share in the previous year[36]. Expenses and Costs - Selling and administrative expenses increased to approximately HKD 28.7 million in Q3 2022, up from approximately HKD 20.8 million in Q3 2021, primarily due to legal and professional fees related to a mandatory cash offer and increased salary costs[16]. - One-off items in Q3 2022 included a loss of approximately HKD 0.2 million from retail lease modifications, a gain of approximately HKD 0.6 million from the sale of properties, and government subsidies of approximately HKD 3.3 million[17]. Revenue Sources - The revenue from offset printing for the nine months ended December 31, 2022, was HKD 59,684,677, down 13.5% from HKD 68,976,811 in the previous year[47]. - For the nine months ended December 31, 2022, the group's revenue from general printing services and trading of printing products was HKD 77,771,607, a decrease of 17.4% compared to HKD 94,174,445 for the same period in 2021[47]. - The group has a diversified customer base, with no single customer accounting for more than 10% of total revenue for the nine months ended December 31, 2022[48]. Corporate Governance - The company has established an audit committee to oversee financial reporting and internal controls, ensuring compliance with relevant laws and regulations[34]. - The company emphasizes high standards of corporate governance, adhering to the GEM Listing Rules and maintaining transparency and accountability[29]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with the GEM Listing Rules[30]. - The company plans to continue reviewing and improving its corporate governance practices to ensure prudent regulation of its business activities and decision-making processes[29]. Shareholder Information - As of December 31, 2022, major shareholders collectively held approximately 56.28% of the company's issued share capital[23]. - Mr. Lin Cheng Tai holds 39.40% of the company's shares and has joint holdings of 16.88% with another party[20]. - Mr. Zhou Wenqiang and Mr. Xu Qingnai hold 4.60% and 12.28% of the company's shares, respectively, with additional joint holdings[20]. - New Metro Inc. agreed to acquire a total of 354,354,000 shares from certain shareholders, representing approximately 39.37% of the company's issued share capital as of the agreement date[41]. - The acquisition agreement and the associated action commitment among the parties took effect on April 4, 2022, consolidating control over approximately 56.25% of the company's issued shares[41]. Market Conditions - The decrease in revenue was mainly attributed to reduced demand for printing services due to the COVID-19 pandemic in Hong Kong[11]. - Other income in Q3 2022 included government subsidies of approximately HKD 3.3 million related to COVID-19 support programs[13]. Dividend Policy - The board does not recommend any dividend payment for Q3 2022, consistent with Q3 2021[6]. - The board did not recommend the payment of a dividend for Q3 2022, consistent with Q3 2021[18].
环球印馆(08448) - 2023 Q3 - 季度财报