Financial Performance - For the nine months ended September 30, 2022, the group reported total revenue of 90,349 thousand HKD, a decrease of 11% compared to 101,508 thousand HKD for the same period in 2021[4] - Gross profit for the nine months ended September 30, 2022, was 24,180 thousand HKD, down 40% from 40,252 thousand HKD in the same period of 2021[4] - The net profit for the nine months ended September 30, 2022, was 8,810 thousand HKD, a significant decrease of 64% compared to 24,296 thousand HKD in the same period of 2021[4] - The company reported a basic and diluted earnings per share of 1.56 cents for the nine months ended September 30, 2022, compared to 3.04 cents in the same period of 2021[8] - The total comprehensive income for the nine months ended September 30, 2022, was 11,034 thousand HKD, down from 27,917 thousand HKD in the same period of 2021[8] - Other income for the nine months ended September 30, 2022, was 899 thousand HKD, a decrease of 88% compared to 7,726 thousand HKD in the same period of 2021[4] - The profit for the period was 8.8 million MYR, a decrease of approximately 15.5 million MYR or 63.8% compared to 24.3 million MYR in the same period last year[86] Expenses and Costs - The group incurred administrative expenses of 15,163 thousand HKD for the nine months ended September 30, 2022, compared to 16,273 thousand HKD in the same period of 2021, reflecting a decrease of 6.8%[4] - The company recorded a financing cost of 453 thousand HKD for the nine months ended September 30, 2022, down from 925 thousand HKD in the same period of 2021, indicating a reduction of 51%[4] - The company’s depreciation and amortization expenses for the nine months ended September 30, 2022, totaled 2,268 thousand MYR, compared to 2,094 thousand MYR in the previous year, reflecting an increase of 8.3%[44] - The company’s income tax expense for the nine months ended September 30, 2022, was 1,791 thousand MYR, compared to 1,047 thousand MYR in the previous year, indicating a significant increase of 71.0%[58] Revenue Segments - For the nine months ending September 30, 2022, the company generated external customer revenue of 84,116 thousand MYR in the production segment, with an operating profit of 9,529 thousand MYR[39] - Revenue from the production segment was approximately 84.1 million MYR, consistent with 83.5 million MYR in the previous year, with domestic and export sales accounting for approximately 39.4% and 60.6% of total production revenue, respectively[68] - Revenue from elastic textiles increased by 32.6% to approximately 28.5 million MYR, driven by increased sales from customers in the Asia-Pacific, North America, and Europe[68] - Revenue from the energy efficiency segment was approximately 6.0 million MYR, a significant increase from zero in the previous year, following the acquisition of ESGL[72] Strategic Initiatives - The company aims to enhance market expansion and product development strategies in the upcoming quarters to improve financial performance[4] - The company plans to continue expanding its energy efficiency business, leveraging the recent acquisition to enhance market presence[31] - The company completed the acquisition of 62.75% equity in Energy Solution Global Limited on August 29, 2022, diversifying its business segments[31] - The company completed the acquisition of the remaining 62.75% of ESGL, making it a wholly-owned subsidiary, indicating a strategic focus on energy efficiency solutions[72] Market Conditions and Challenges - Supply chain disruptions and rising material costs remain significant challenges affecting manufacturing operations, with labor shortages and ongoing delays exacerbating the situation[89] - The company plans to reassess market demand and pricing strategies while adjusting cost structures to maintain competitiveness amid global economic uncertainties[89] - The company anticipates continued global energy consumption growth in 2023, driven by high energy prices and government initiatives to reduce greenhouse gas emissions[92] Compliance and Governance - The company has confirmed compliance with corporate governance codes during the reporting period[97] - The board of directors confirmed compliance with the trading code during the reporting period[128] - The audit committee believes that the financial results have been prepared in accordance with applicable accounting standards and regulations[129] Shareholder Information - As of September 30, 2022, PRG Holdings holds 303,468,000 shares, representing 50.45% of the company's issued share capital[119] - Ng Yan Cheng owns 66,977,600 shares, accounting for 11.13% of the company's issued share capital[119] - Lua Choon Hann holds 32,322,800 shares in PRG Holdings, representing 7.52%[114] - The company has a total of 601,565,600 issued shares as of September 30, 2022[110] Other Information - The company did not recommend any dividend payment for the current period, consistent with the previous year where no dividend was declared[61] - The company has not engaged in any transactions with sanctioned countries or individuals during the period, ensuring compliance with international sanctions[93] - Risk management measures have been established to monitor and assess potential international sanctions risks, including the formation of a risk management committee[94] - The board is unaware of any significant events that require disclosure after September 30, 2022, up to the report date[88] - No share options were granted under the share option scheme as of September 30, 2022[87] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[109]
飞霓控股(08480) - 2022 Q3 - 季度财报