Financial Performance - Revenue for the three months ended December 31, 2022, was HKD 79,193,000, a decrease of 30.4% compared to HKD 113,903,000 for the same period in 2021[6] - Revenue for the nine months ended December 31, 2022, was HKD 253,062,000, down 23.6% from HKD 331,410,000 in the previous year[6] - The company reported a loss of HKD 4,365,000 for the three months ended December 31, 2022, compared to a profit of HKD 348,000 in the same period of 2021[7] - For the nine months ended December 31, 2022, the loss was HKD 11,300,000, significantly higher than a loss of HKD 119,000 in the previous year[7] - The company recorded a total comprehensive loss of HKD 4,012,000 for the three months ended December 31, 2022, compared to a comprehensive income of HKD 1,231,000 in the same period of 2021[7] - The basic loss per share for the three months ended December 31, 2022, was HKD 0.91, compared to earnings of HKD 0.07 per share in the previous year[7] - The company reported a loss attributable to owners of HKD 11,300,000 for the nine months ended December 31, 2022, compared to a loss of HKD 119,000 in 2021[23] - Basic loss per share for the nine months ended December 31, 2022, was HKD (0.0236), compared to HKD (0.0002) in 2021[23] Revenue Breakdown - Air cargo ground handling services generated revenue of HKD 72,301,000 for the nine months ended December 31, 2022, down 4.4% from HKD 75,933,000 in 2021[16] - Transportation services revenue was HKD 84,976,000 for the nine months ended December 31, 2022, a decline of 7.7% from HKD 92,233,000 in 2021[16] - Warehouse and other value-added services revenue decreased by 33.5% to HKD 73,853,000 for the nine months ended December 31, 2022, compared to HKD 111,148,000 in 2021[16] - Total revenue decreased by approximately HKD 78.3 million or 23.6% to about HKD 253.1 million for the nine months ended December 31, 2022, compared to HKD 331.4 million for the same period in 2021[29] - Revenue from warehousing and other value-added services fell by approximately HKD 37.3 million or 33.6% to about HKD 73.9 million[29] - Revenue from air cargo station operations decreased by approximately HKD 33.8 million or 26.4% to about HKD 94.2 million[29] Cost Management - Employee benefit expenses decreased to HKD 34,860,000 for the nine months ended December 31, 2022, down 13.8% from HKD 40,470,000 in 2021[6] - Employee benefit expenses decreased by approximately HKD 5.6 million or 13.9% to about HKD 34.9 million due to government subsidies[33] - Transportation costs were reduced to HKD 99,379,000 for the nine months ended December 31, 2022, a decrease of 35.7% compared to HKD 154,524,000 in the previous year[6] - Transportation costs decreased by approximately HKD 55.1 million or 35.7% to about HKD 99.4 million[37] - Financing costs increased by approximately HKD 0.5 million or 29.9% to about HKD 2.4 million due to increased bank loan interest expenses[41] - The company will continue to implement prudent cost control measures to enhance competitiveness in the logistics industry[29] Shareholder Information - As of December 31, 2022, the company’s major shareholders include Mr. Chan Lit Pong with 330,120,000 shares, representing 68.8% of the issued share capital, and Mr. Choi Wing Hang with 29,880,000 shares, representing 6.2%[45][46][47] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2022[50] - No significant acquisitions or disposals of subsidiaries or associates were made during the nine months ended December 31, 2022[59] - The company did not declare or pay any dividends during the nine months ended December 31, 2022[58] Corporate Governance - The audit committee has reviewed the unaudited financial results for the nine months ended December 31, 2022, and confirmed compliance with applicable accounting standards and GEM Listing Rules[57] - The company has applied the principles of corporate governance as per GEM Listing Rules and complied with all applicable code provisions[54] - The executive directors are Mr. Chan Lit Pong and Mr. Chan Yu, with non-executive director Mr. Choi Wing Hang and independent non-executive directors Mr. Fu Lei, Mr. Chan Chi Ho, and Ms. Xu Qian Hang[63] - The company’s compliance advisor, Zhi Fu Finance Limited, has no interests in the company or its subsidiaries as of December 31, 2022[56] - All equity interests held by directors and major shareholders are classified as beneficial ownership[48] Future Outlook - The company continues to implement growth strategies and actively seeks new business opportunities in the logistics sector[26] - The establishment of air cargo container warehouses at the Wharf Logistics Centre and the Asia Container Logistics Centre enhances the company's ability to provide integrated logistics services[26] - The company anticipates that the gradual recovery of cross-border land transport and the opening of international travel in mainland China will stimulate export demand[29] Miscellaneous - The company did not declare or recommend any dividends for the nine months ended December 31, 2022, consistent with 2021[24] - There were no significant events that required disclosure after December 31, 2022, up to the report date[61] - The company has not granted, lapsed, exercised, or cancelled any share options under the share option scheme as of the report date[49] - The report pertains to the third quarter of the fiscal year 2022/2023 for Asia Speed Logistics Holdings Limited[64]
亚洲速运(08620) - 2023 Q3 - 季度财报