Financial Performance - Revenue for the three months ended September 30, 2022, was HKD 46,001 thousand, a decrease of 24.7% compared to HKD 61,086 thousand for the same period in 2021[5] - Gross profit for the nine months ended September 30, 2022, was HKD 44,673 thousand, representing an increase of 10.4% from HKD 40,569 thousand in the same period of 2021[5] - The net profit for the three months ended September 30, 2022, was HKD 528 thousand, down 75.2% from HKD 2,126 thousand in the same period of 2021[5] - The company reported a total comprehensive income of HKD (10,640) thousand for the three months ended September 30, 2022, compared to HKD 2,303 thousand for the same period in 2021[7] - Basic earnings per share for the nine months ended September 30, 2022, was HKD 0.88, slightly down from HKD 0.89 in the same period of 2021[7] - The company's revenue for the nine months ended September 30, 2022, was approximately HKD 168.9 million, a decrease of 7.9% compared to HKD 183.4 million for the same period in 2021[48] Revenue Breakdown - For the nine months ended September 30, 2022, total revenue was HKD 168,929 thousand, a decrease of 7.8% compared to HKD 183,376 thousand for the same period in 2021[17] - Revenue from key products included HKD 82,424 thousand from bonding wires and HKD 76,700 thousand from packaging adhesives, representing a decline of 36.4% and an increase of 61.6% respectively compared to the same period in 2021[17] - Revenue from customers in mainland China was HKD 167,670 thousand, down 7.6% from HKD 181,635 thousand in the same period last year[20] - Revenue from wire products decreased by 36.2% to approximately HKD 82.4 million, while revenue from packaging adhesive products increased significantly by 61.4% to approximately HKD 76.7 million[48] Expenses and Costs - The company incurred financing costs of HKD 328 thousand for the three months ended September 30, 2022, down from HKD 443 thousand in the same period of 2021[5] - Sales and distribution expenses for the nine months ended September 30, 2022, were HKD 10,946 thousand, an increase from HKD 9,576 thousand in the same period of 2021[5] - The income tax expense for the nine months ended September 30, 2022, was HKD 3,761 thousand, an increase from HKD 3,155 thousand for the same period in 2021[26] - Bank loan interest expenses for the nine months ended September 30, 2022, totaled HKD 354 thousand, an increase of 22.1% compared to HKD 290 thousand in the same period last year[24] - The total employee costs for the nine months ended September 30, 2022, were HKD 21.7 million, compared to HKD 20.4 million for the same period in 2021, reflecting an increase of 6.2%[31] - Selling and distribution expenses increased by 14.3% to approximately HKD 10.9 million, primarily due to increased freight and sales commissions[53] Foreign Exchange and Other Income - The company recorded a foreign exchange loss of HKD (14,357) thousand for the three months ended September 30, 2022, compared to a gain of HKD 213 thousand in the same period of 2021[7] - The company reported a net loss of HKD 1,155 thousand from foreign exchange, compared to a gain of HKD 101 thousand in the same period last year[23] - Other income and losses for the period were approximately HKD 0.1 million, down from HKD 1.3 million in the same period of 2021[52] Dividends and Grants - The company declared an interim dividend of HKD 0.0031 per share, totaling approximately HKD 2.2 million, compared to HKD 2.1 million for the same period in 2021[42] - The company received government grants totaling HKD 1,317 thousand for the nine months ended September 30, 2022, compared to HKD 1,243 thousand in the same period last year[23] Corporate Governance - The company has complied with the corporate governance code as stipulated in the GEM Listing Rules during the reporting period[90] - The board of directors is composed of experienced individuals, including three independent non-executive directors, ensuring a balance of power and authority within the company[91] - The Audit Committee has been established to oversee the financial reporting process and internal control procedures of the group[98] - The Audit Committee consists of three independent non-executive directors, with Mr. Pan Lai-hin serving as the chairman[98] Strategic Focus and Development - The company continues to focus on the development and sales of semiconductor packaging materials, with no further discrete segment information provided[19] - The company plans to focus on developing advanced semiconductor materials suitable for electric vehicles, mini-LED, artificial intelligence, and 5G communications[47] - The company is committed to enhancing its R&D capabilities to seize opportunities in emerging markets such as 5G networks, automotive electrification, and industrial automation[63] - The company anticipates growth in demand for bonding wires and semiconductor packaging materials due to government policies promoting 5G development in China[61] - Three new series of adhesive products are set to be launched, including epoxy insulation adhesive, silicone insulation adhesive, and silver adhesive for LEDs, to capitalize on the growth opportunities in the 5G industry[61] Share Capital and Ownership - As of September 30, 2022, the company has issued share capital of HKD 7,055,000, divided into 705,500,000 shares[69] - Chows Investment Group Limited holds a 100% interest in Junma Technology Investment Holdings Limited, which owns 357,000,000 shares, representing 50.60% of the company's issued share capital[79] - Chow Fung Wai Lan Rita holds 357,510,000 shares, accounting for 50.67% of the company's issued share capital, as a spouse interest[79] - Ma Yamu holds 152,490,000 shares, representing 21.61% of the company's issued share capital, as a beneficial owner[79] - The company has not granted any stock options under its stock option plan since its adoption on May 8, 2018, and there are no unexercised stock options as of September 30, 2022[88]
骏码半导体(08490) - 2022 Q3 - 季度财报