Revenue Performance - For the three months ended December 31, 2022, the company's revenue was HKD 26,762,000, a 4.98% increase from HKD 25,491,000 in the same period of 2021[3] - For the nine months ended December 31, 2022, the company's revenue decreased to HKD 61,887,000, down 4.95% from HKD 64,483,000 in the same period of 2021[3] - The company's revenue decreased by approximately 4.0%, from HKD 64,500,000 in the corresponding period to HKD 61,900,000[22] - The OEM production revenue declined by about 2.7%, from HKD 39,400,000 to HKD 38,400,000, primarily due to the impact of the COVID-19 pandemic[22] - Revenue from original brand manufacturing for the nine months ended December 31, 2022, was HKD 23,503,000, down 6.15% from HKD 25,043,000 in the same period of 2021[9] - The original brand production revenue decreased by approximately 6.1%, from HKD 25,000,000 to HKD 23,500,000, influenced by reduced consumer purchasing willingness[22] Profit and Loss - Gross profit for the three months ended December 31, 2022, was HKD 9,633,000, representing a 10.69% increase from HKD 8,701,000 in the same period of 2021[3] - The company reported a loss before tax of HKD 4,118,000 for the three months ended December 31, 2022, compared to a loss of HKD 2,164,000 in the same period of 2021[3] - The net loss for the nine months ended December 31, 2022, was HKD 6,357,000, significantly improved from a loss of HKD 15,420,000 in the same period of 2021[3] - The basic and diluted loss per share for the nine months ended December 31, 2022, was HKD 3.00, compared to HKD 31.92 in the same period of 2021[3] - Gross profit decreased by approximately HKD 2,700,000, from HKD 25,300,000 to HKD 22,600,000, with a gross margin decline from 39.2% to 36.5%[24] - The pre-tax loss decreased by approximately 58.8%, from HKD 15,400,000 to HKD 6,400,000, mainly due to the gain from the sale of a subsidiary of about HKD 6,500,000[27] Equity and Financial Position - The company’s total equity as of December 31, 2022, was HKD 10,100,000, a decrease from HKD 16,457,000 as of April 1, 2022[4] - The company’s administrative and other expenses for the nine months ended December 31, 2022, were HKD 23,389,000, a slight decrease from HKD 24,249,000 in the same period of 2021[3] Business Operations and Strategy - The group plans to implement cost-saving measures, including streamlining operations and restructuring production with other manufacturers in the Asia-Pacific region to reduce costs[32] - The group is shifting focus towards online business development, reducing physical retail presence in Hong Kong, and investing heavily in e-commerce[32] - The group anticipates a potential improvement in the global economic situation for 2022/2023 and is exploring suitable investment opportunities for business diversification[32] - Sales of original brand products continued to decrease, significantly affected by the stagnation of inbound tourism and consumer activities due to pandemic measures[30] - The group's OEM production business has declined due to the impact of the COVID-19 pandemic, with future performance expected to remain under pressure[30] Corporate Governance and Compliance - The company has adopted GEM listing rules as the code of conduct for securities trading by directors, confirming compliance during the reporting period[61] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements and confirmed compliance with applicable accounting standards[66] - The company has confirmed that there were no undisclosed interests or short positions in shares or related securities as of December 31, 2022[58] - No significant acquisitions or disposals of subsidiaries or associated companies occurred during the review period[64] - The company did not declare any dividends for the current period, consistent with the previous year[15] Shareholder Information - As of December 31, 2022, Mr. Yao Ruhe held 400,000 ordinary shares, representing approximately 0.19% of the company[57] - The weighted average number of ordinary shares used to calculate basic and diluted loss per share was 211,524,720 for the three months ended December 31, 2022[16] - The stock option plan adopted on December 28, 2017, allows for the issuance of up to 10% of the total issued shares as stock options[41] - No stock options were granted, exercised, canceled, or lapsed during the reporting period, and there are no unexercised stock options as of December 31, 2022[52] - The company has not established any preferential rights for existing shareholders regarding the issuance of new shares[53] - No directors or major shareholders had any competing interests outside the group's business during the reporting period[63] Fundraising and Securities - The group has not conducted any fundraising activities during the reporting period[36] - No repurchase of listed securities occurred during the reporting period[59] - On April 1, 2022, the group sold its wholly-owned subsidiary Mantex Suppliers Co. Limited for HKD 1, completing the transaction on the same day[34] - The company completed the sale of its subsidiary Mantex Suppliers for a cash consideration of HKD 1, resulting in a gain of HKD 6,458,000[18]
民信国际控股(08456) - 2023 Q3 - 季度财报