Financial Performance - For the three months ended December 31, 2022, the company reported revenue of HKD 41,839,000, a 4.2% increase from HKD 40,155,000 in the same period last year[5] - Gross profit for the same period was HKD 26,199,000, up from HKD 25,704,000, reflecting a gross margin improvement[5] - The company achieved a profit before tax of HKD 10,142,000, representing a 23.2% increase compared to HKD 8,232,000 in the prior year[5] - Net profit for the three months was HKD 8,672,000, compared to HKD 6,921,000, marking a 25.3% year-over-year growth[5] - For the nine months ended December 31, 2022, total revenue reached HKD 131,422,000, a 15.0% increase from HKD 114,248,000 in the previous year[5] - The company reported a basic earnings per share of HKD 0.77 for the three months, up from HKD 0.62 in the same period last year[5] - Total comprehensive income for the nine months was HKD 19,303,000, compared to HKD 15,959,000, indicating a 20.0% increase[5] - The gross profit before tax for the nine months ended December 31, 2022, was HKD 27,008,000, compared to HKD 23,193,000 for the same period in 2021, indicating a growth of 16%[17] - Net profit increased from approximately HKD 16.0 million to approximately HKD 19.3 million, reflecting a growth of about 21.0%[36] - Basic earnings per share rose from approximately HKD 1.42 to approximately HKD 1.72, an increase of about HKD 0.30[37] Sales Performance - Retail store sales for the three months ended December 31, 2022, were HKD 32,160,000, compared to HKD 31,220,000 in the same period of 2021, reflecting a growth of 3%[16] - Online store sales increased to HKD 7,395,000 for the three months ended December 31, 2022, up from HKD 6,022,000 in the same period of 2021, marking a growth of 23%[16] - The increase in revenue was primarily driven by higher sales of food and health products through retail stores and the online shop[27] Dividend Information - The company declared an interim dividend of HKD 0.013 per share, totaling approximately HKD 14,600,000 for the nine months ended December 31, 2022, compared to a special dividend of HKD 0.018 per share totaling HKD 20,200,000 for the same period in 2021[21] - The interim dividend for the six months ended September 30, 2022, was HKD 0.013 per share, totaling approximately HKD 14.6 million, compared to a special dividend of HKD 0.018 per share totaling approximately HKD 20.2 million for the same period in 2021[39] - The final dividend proposed for the year ended March 31, 2022, is HKD 0.006 per share, amounting to approximately HKD 6.7 million, consistent with the previous year[39] Corporate Governance - The company has adhered to the corporate governance code, with the exception of a deviation regarding the separation of roles between the Chairman and CEO, which is held by the same individual, Ms. Yuan Mi Ming[52] - The audit committee has been established, consisting of three independent non-executive directors, to oversee internal audit functions and financial reporting processes[55] - The company emphasizes the importance of good corporate governance standards to protect shareholder interests and enhance corporate value[51] - All directors confirmed compliance with the trading standards as per GEM Listing Rules during the nine months ended December 31, 2022[49] - The company has not reported any interests in competing businesses by directors or controlling shareholders during the nine months ended December 31, 2022[50] Shareholder Information - Major shareholders include Prime Era Holdings with 542 million shares (48.39%) and Ms. Xing Jiajue with 244.53 million shares (21.83%) as of December 31, 2022[46] - The company has not granted any share options under its share option scheme since its adoption on January 23, 2018[48] Operational Highlights - The company continues to focus on expanding its multi-brand beauty and health product retail business in Hong Kong[9] - The company operates ten retail stores under the "MI MING MART" brand, focusing on beauty and health products[25] - The company completed the acquisition of residential property in Japan for a total cash consideration of approximately JPY 435.3 million (approximately HKD 25.3 million) during the nine months ended December 31, 2022[41] - As of December 31, 2022, the group had no significant capital commitments[40] - As of December 31, 2022, there were no significant contingent liabilities reported by the group[42] Expenses and Losses - Sales and distribution expenses increased from approximately HKD 26.5 million to approximately HKD 27.7 million, a rise of about 4.8%[31] - Administrative and operating expenses grew from approximately HKD 26.9 million to approximately HKD 28.0 million, an increase of about 4.2%[32] - The company recorded a loss of approximately HKD 3.5 million due to foreign exchange losses and other factors[30] Accounting and Taxation - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and are unaudited[10] - The company has applied new accounting policies related to investment properties, which are measured at cost less accumulated depreciation and any accumulated impairment losses[14] - The company anticipates that the implementation of the two-tier profits tax system will not have a significant impact on its deferred tax position[20]
弥明生活百货(08473) - 2023 Q3 - 季度财报