Financial Performance - The unaudited condensed consolidated results for the nine months ended December 31, 2022, have been announced, showing performance compared to the corresponding period in 2021[19]. - The report includes a statement of profit or loss and other comprehensive income for the nine months, indicating financial performance metrics[20]. - Revenue for the nine months ended December 31, 2022, increased to HK$203,046,000, representing a growth of 15.5% compared to HK$175,901,000 in the same period of 2021[21]. - Gross profit for the same period rose to HK$32,722,000, up 33.5% from HK$24,507,000 year-on-year[21]. - Profit from operations significantly improved to HK$6,365,000, compared to HK$1,480,000 in the previous year, marking a growth of 329.6%[21]. - Profit before taxation reached HK$6,232,000, a substantial increase from HK$1,392,000, reflecting a growth of 347.5%[21]. - The company reported a profit for the period of HK$3,999,000, compared to a loss of HK$643,000 in the same period last year[21]. - Basic and diluted earnings per share improved to HK$0.34, compared to a loss per share of HK$0.06 in the previous year[21]. - Total comprehensive income for the period was HK$3,999,000, a turnaround from a loss of HK$643,000 in the prior year[21]. Expenses and Costs - Selling expenses decreased to HK$7,303,000 from HK$9,446,000, indicating a reduction of 22.7%[21]. - Administrative expenses increased slightly to HK$18,269,000 from HK$16,626,000, reflecting a rise of 9.9%[21]. - Staff costs for the period were HK$10,799,000, down from HK$13,016,000, reflecting a reduction of 17%[55]. - Depreciation of property, plant, and equipment was HK$2,914,000, significantly lower than HK$12,358,000 in the previous year[55]. - Cost of sales increased by approximately 12.5% to approximately HK$170,324,000, aligning with the revenue increase[87]. Corporate Governance and Compliance - The audit committee has reviewed and approved the financial results, ensuring compliance with internal governance standards[19]. - The company is committed to maintaining transparency and accuracy in its financial reporting, as confirmed by the directors[5]. - The board of directors collectively accepts full responsibility for the report's contents, affirming its completeness and accuracy[5]. - The Company has complied with the Corporate Governance Code during the period, except for a deviation regarding the roles of chairman and CEO[172]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2022, confirming compliance with applicable accounting standards and adequate disclosures[178]. Share Capital and Dividends - The company issued new shares during the period, increasing share capital to HK$11,923,000 from HK$10,000,000[24]. - No dividends were paid or declared by the Company or any of the subsidiaries during the Period and the Corresponding Period[63]. - The Board does not recommend the payment of dividends for the current period, consistent with the corresponding period where no dividends were paid[140][143]. Business Operations and Market Insights - The company emphasizes the importance of understanding the risks associated with investing in GEM-listed companies, which may exhibit higher volatility[3]. - There are no mentions of new products, technologies, market expansions, or mergers in the current report[19]. - The Group's five largest customers contributed approximately 72% of total revenue, consistent with the previous period[44][45]. - The Group aims to expand its network beyond the ACG figure toys market to diversify income sources and enhance shareholder value[148][150]. - The Group's business operations may be affected by the failure to renew existing license rights or obtain new ones for licensed toys[152]. Acquisitions and New Ventures - The Group has acquired a company engaged in engineering projects, expanding its operational capabilities in Hong Kong[42]. - On 8 August 2022, the Company acquired 100% equity interest in Forever Profits Development Limited for HK$7,000,000, aiming to broaden profit sources[109]. - The revenue contributed by Forever Profits Development Limited for the period ended 31 December 2022 was approximately HK$310,000, with a loss of approximately HK$124,000[127]. - The goodwill arising from the acquisition of Forever Profits was recognized at HK$6,854,000[124]. Financial Position and Indebtedness - As of 31 December 2022, the Group had cash and bank deposits of approximately HK$123,278,000, down from approximately HK$151,640,000 as of 31 March 2022[99]. - The Group's indebtedness included bank loans of HK$3,218,000 and lease liabilities of HK$8,458,000, with a gearing ratio of approximately 0.02 times as of 31 December 2022[106]. - As of December 31, 2022, the Group had no material contingent liabilities[128]. Employee and Shareholder Information - The Group had 47 employees as of 31 December 2022, an increase from 41 employees as of 31 March 2022[135]. - The weighted average number of ordinary shares increased to 1,174,825,175 during the Period from 1,000,000,000 shares in the Corresponding Period[58]. - As of December 31, 2022, Mr. Li Wai Keung holds 180,800,000 shares, representing 15.16% of the issued share capital[155]. - Infinite Force holds 180,800,000 shares, representing 15.16% of the Company's issued share capital[159]. - Ms. Fong Wing Yan, as the spouse of Mr. Li, also holds 180,800,000 shares, equating to 15.16% of the Company's issued share capital[159]. - Ms. Lam Hoi Yan is a beneficial owner of 65,000,000 shares, which is 5.45% of the Company's issued share capital[159].
佰悦集团(08545) - 2023 Q3 - 季度财报