Financial Performance - For the three months ended December 31, 2021, the company reported revenue of HKD 40,155 thousand, an increase of 5.2% compared to HKD 38,157 thousand for the same period in 2020[6]. - The gross profit for the same three-month period was HKD 25,704 thousand, representing a gross margin of 64.0%[6]. - The net profit for the three months ended December 31, 2021, was HKD 6,921 thousand, a decrease of 18.8% from HKD 8,533 thousand in the prior year[6]. - For the nine months ended December 31, 2021, total revenue reached HKD 114,248 thousand, up 7.4% from HKD 105,933 thousand in the same period of 2020[6]. - The company achieved a net profit of HKD 15,959 thousand for the nine months, down 25.5% from HKD 21,984 thousand in the previous year[6]. - Basic earnings per share for the three months was HKD 0.62, compared to HKD 0.76 for the same period last year[6]. - The total comprehensive income for the nine months was HKD 21,984 thousand, which included a significant dividend distribution of HKD 26,880 thousand[8]. - The basic earnings per share for the nine months ended December 31, 2021, were HKD 14.25, compared to HKD 19.63 for the same period in 2020, reflecting a decrease of 27.5%[24]. Revenue Breakdown - For the three months ended December 31, 2021, total revenue was HKD 40,155,000, an increase from HKD 38,157,000 for the same period in 2020, representing a growth of 5.2%[16]. - For the nine months ended December 31, 2021, total revenue reached HKD 114,248,000, compared to HKD 105,933,000 for the same period in 2020, reflecting an increase of 7.4%[16]. - The retail store sales for the nine months ended December 31, 2021, were HKD 95,938,000, up from HKD 89,536,000 in the previous year, marking a growth of 7.4%[16]. - The online store sales for the nine months ended December 31, 2021, were HKD 14,162,000, slightly down from HKD 14,594,000 in the previous year, indicating a decrease of 3%[16]. - The gross profit for the nine months ended December 31, 2021, was HKD 23,055,000, compared to HKD 21,334,000 for the same period in 2020, showing an increase of 8.1%[17]. Expenses and Liabilities - The total employee benefit expenses for the nine months ended December 31, 2021, amounted to HKD 23,193,000, up from HKD 16,748,000 in the previous year, representing a rise of 38.5%[17]. - The income tax expense for the nine months ended December 31, 2021, was HKD 3,360,000, down from HKD 5,292,000 in the previous year, indicating a decrease of 36.5%[19]. - Selling and distribution expenses increased by approximately HKD 4.2 million to about HKD 26.5 million, a rise of about 18.5%, mainly due to increased marketing expenses and staff costs[33]. - The group recorded a loss of approximately HKD 700,000 in other income, primarily due to a slight depreciation of the Australian dollar against the Hong Kong dollar, resulting in a foreign exchange loss of about HKD 500,000[32]. - The group had no significant contingent liabilities as of December 31, 2021[45]. Dividends and Shareholder Information - The company declared a special dividend of HKD 0.018 per share, totaling approximately HKD 20,200,000, after considering its financial position and cash flow[22]. - The company did not recommend any interim dividend for the nine months ended December 31, 2021, consistent with the previous year[22]. - The board decided not to declare any interim dividend for the nine months ended December 31, 2021, but approved a special dividend of HKD 0.018 per share, totaling approximately HKD 20.2 million[42]. - Prime Era Holdings Limited, owned by Ms. Yuan Mi Ming, holds 542,000,000 shares, representing 48.4% of the company's equity[52]. - Ms. Xing Jia Jue holds 244,530,000 shares, representing 21.8% of the company's equity[52]. Corporate Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and are unaudited[11]. - The company is committed to maintaining transparency and accuracy in its financial reporting as confirmed by the board of directors[12]. - The company is committed to good corporate governance standards to protect shareholder interests and enhance corporate value[58]. - The company has complied with the corporate governance code except for the separation of roles between the Chairman and CEO, which is deemed appropriate for effective management and business development[59]. - The audit committee has been established and consists of three independent non-executive directors, with a focus on internal audit functions and financial reporting procedures[63]. Business Strategy and Market Position - The company continues to focus on expanding its multi-brand beauty and health product retail business in Hong Kong[10]. - The group aims to maintain its leading position in the multi-brand retail market for skincare and cosmetics in Hong Kong[27]. - The group plans to enhance competitiveness by expanding its sales network, enriching its product portfolio, and developing its e-commerce business[27]. - The group’s revenue increased from approximately HKD 105.9 million for the nine months ended December 31, 2020, to approximately HKD 114.2 million for the same period in 2021, representing a growth of about 7.8%[28]. - The increase in revenue was primarily due to a rise of approximately HKD 6.4 million from retail store sales, attributed to the relocation of stores in Tsim Sha Tsui and Sha Tin, and the opening of a new store in Kwai Fong in November 2021[28]. Auditor Information - Deloitte resigned as the company's auditor on January 27, 2022, and a new auditor, Crowe (HK) CPA Limited, was appointed the same day[62]. - The company has not disclosed specific financial performance metrics or user data in the provided documents[61].
弥明生活百货(08473) - 2022 Q3 - 季度财报