Financial Performance - The Group reported a profit of approximately HK$2.2 million for the nine months ended December 31, 2022, compared to a loss of approximately HK$0.7 million in the same period of 2021[18]. - Revenue for the nine months ended December 31, 2022, was approximately HK$106.8 million, representing an increase of approximately 19.9% from approximately HK$89.1 million for the same period in 2021[18]. - The Group's financial results indicate a positive turnaround, moving from a loss to profitability within the reported period[20]. - Total comprehensive income for the nine months ended December 31, 2022, was HK$1,235,000, compared to a total comprehensive expense of HK$792,000 for the same period in 2021[95]. - The profit before taxation for the nine months ended December 31, 2022, was HK$2,170,000, compared to a loss of HK$700,000 in the same period of 2021[128]. Revenue Breakdown - Revenue from Gem-set Jewellery Products increased by approximately HK$4.8 million, or approximately 11.8%, from approximately HK$40.9 million to approximately HK$45.7 million[33]. - Revenue from pure gold products increased by approximately HK$8.4 million, or approximately 20.9%, from approximately HK$40.2 million to approximately HK$48.6 million[34]. - Revenue from trading of recycled gold products increased by approximately HK$4.5 million, or approximately 56.8%, from approximately HK$8.0 million to approximately HK$12.5 million[35]. - Retail channel revenue increased by approximately HK$14.0 million, or approximately 19.4%, from approximately HK$72.0 million to approximately HK$86.0 million[40]. - Wholesale channel revenue decreased by approximately HK$0.8 million, or approximately 8.9%, from approximately HK$9.1 million to approximately HK$8.3 million[41]. Corporate Governance - The report emphasizes the importance of compliance with GEM Listing Rules, ensuring the accuracy and completeness of the financial information provided[5]. - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, with compliance noted since its listing on March 27, 2019, except for a deviation regarding the roles of the Chairman and CEO[52]. - The company has a strong governance structure with experienced management overseeing the Chairman and CEO's powers[52]. - The company has maintained a consistent approach to corporate governance, aligning with shareholder interests and regulatory requirements[52]. - The company’s governance practices are designed to protect shareholder interests and ensure effective management oversight[52]. Shareholder Information - As of December 31, 2022, Mr. Fu Chun Keung and Ms. Fu Wan Ling each hold 562,500,000 shares, representing a 75% interest in the company's issued share capital[61]. - No substantial shareholders were reported with interests or short positions in the shares and underlying shares of the company as of December 31, 2022[66]. - The entire issued share capital of MGH Limited is beneficially owned by Mr. Fu, Ms. Fu, and Ms. Cheung, who are deemed to be interested in the shares held by MGH Limited[68]. - The company has ensured that all directors confirmed compliance with the trading standards during the reporting period[57]. Operational Highlights - The Group plans to expand its jewellery design collection and retail presence to capture market opportunities as the COVID-19 situation improves[27]. - The Group is extending its marketing campaign to social media to enhance shareholder returns and sustain long-term growth[27]. - The Group continues to monitor market conditions and may adjust strategies accordingly to sustain growth momentum[18]. - The Board regularly reviews the risk management and internal control systems to ensure their effectiveness[84]. Other Financial Metrics - The cost of goods sold for the nine months ended December 31, 2022, was HK$76,036,000, up from HK$61,883,000 in the previous year, indicating a 22.9% increase[94]. - The retained profits as of December 31, 2022, were HK$13,750,000, an increase from HK$11,580,000 as of March 31, 2022[95]. - The total staff costs for the nine months ended December 31, 2022, amounted to HK$14,746,000, which is a 4% increase compared to HK$14,194,000 for the same period in 2021[123]. - The company incurred finance costs of HK$251,000 for the three months ended December 31, 2022, a decrease of 5.3% from HK$265,000 in the previous year[94]. - The company reported a loss of HK$516,000 for the three months ended December 31, 2022, compared to a profit of HK$236,000 in the same period of 2021[128].
创辉珠宝(08537) - 2023 Q3 - 季度财报