Financial Performance - The Group recorded a revenue of approximately HK$46.1 million for the nine months ended 31 December 2022, representing a decrease of approximately HK$144.9 million or 75.9% compared to HK$191.0 million for the same period in 2021[8]. - The Group's gross profit margin increased from approximately 2.8% for the nine months ended 31 December 2021 to approximately 3.1% for the nine months ended 31 December 2022[8]. - The Group recorded a loss attributable to the owners of the Company of approximately HK$4.7 million for the nine months ended 31 December 2022, representing an increase of approximately HK$3.9 million or 487.5% compared to a loss of approximately HK$0.8 million for the same period in 2021[8]. - For the three months ended 31 December 2022, the Group's revenue was HK$9.8 million, a decrease from HK$57.8 million in the same period of 2021[11]. - The loss before tax for the nine months ended 31 December 2022 was approximately HK$4.7 million, compared to a loss of HK$0.8 million for the same period in 2021[11]. - The total comprehensive loss for the period was approximately HK$4.7 million for the nine months ended 31 December 2022[11]. - The basic and diluted loss per share for the nine months ended 31 December 2022 was HK$1.18, compared to HK$0.21 for the same period in 2021[11]. - The Group's total equity as of 31 December 2022 was approximately HK$47.3 million, down from HK$54.3 million as of 31 December 2021[12]. - Total revenue for the nine months ended December 31, 2022, was HK$46,085,000, down 76% from HK$190,952,000 in the previous year[31]. - The net loss for the nine months ended 31 December 2022 was approximately HK$4.7 million, an increase of approximately HK$3.9 million or 487.5% from a net loss of approximately HK$0.8 million for the nine months ended 31 December 2021[49]. Revenue Breakdown - Revenue from diesel sales for the three months ended December 31, 2022, was HK$9,226,000, a decrease of 84% compared to HK$57,644,000 in the same period of 2021[31]. - Revenue from the sales of diesel oil accounted for approximately HK$44.9 million, representing approximately 97.5% of the Group's total revenue for the nine months ended 31 December 2022[55]. - Diesel sales revenue accounted for approximately HK$44.9 million, representing about 97.5% of total revenue for the nine months ended 31 December 2022[57]. - The sales quantity of diesel oil decreased by approximately 87.0% from 43.2 million litres to 5.6 million litres for the same period[59]. - The average selling price of diesel oil increased by approximately 81.4% from HK$4.42 per litre to HK$8.02 per litre[60]. - The Group's cost of sales was approximately HK$44.7 million, a decrease of 75.9% from HK$185.5 million for the nine months ended 31 December 2021[62]. - Gross profit decreased by approximately HK$4.0 million or 74.1% from approximately HK$5.4 million to approximately HK$1.4 million for the nine months ended 31 December 2022[74]. Dividends - The Board does not recommend the payment of any dividend for the nine months ended 31 December 2022[8]. - No dividends were recommended for the nine months ended 31 December 2022, consistent with the previous year[41]. - The Group did not recommend the payment of any dividend for the nine months ended December 31, 2022[85]. Operational Challenges - The Group's financial performance reflects significant challenges in the diesel market, necessitating strategic reassessment moving forward[31]. - The purchase cost of diesel oil remained high due to crude oil prices driven by stagflation expectations and economic contraction caused by the COVID-19 pandemic and the Russian-Ukrainian War[46]. - The market demand for diesel oil from the cross-boundary transportation sector has not recovered to normal levels yet, significantly impacting the logistics sector[47]. - The Group will continue to monitor the development of the COVID-19 pandemic and adjust business plans to ensure operational stability[52]. Corporate Governance - The Company is committed to high corporate governance standards and has complied with the Corporate Governance Code throughout the reporting period[146]. - The Audit Committee, established on December 11, 2018, reviewed the unaudited Condensed Consolidated Financial Statements and confirmed compliance with applicable accounting standards and GEM Listing Rules[130]. - The Company has maintained a sufficient public float as required under the GEM Listing Rules as of the report date[151]. - The Company has a written terms of reference for both the Nomination and Remuneration Committees available on the GEM and Company websites[132][139]. - The Company will continuously review and improve its corporate governance practices and standards[149]. Shareholder Information - As of December 31, 2022, Mr. Law Ming Yik holds a long position of 251,110,000 Shares, representing 62.78% of the Company's issued share capital[109]. - Fully Fort Group Limited, wholly owned by Mr. Law, is the beneficial owner of 251,110,000 Shares, also accounting for 62.78% of the Company's issued share capital[118]. - As of December 31, 2022, no other Directors or chief executives had interests or short positions in the Shares or debentures of the Company that required disclosure[111]. - The Company has not been notified of any interests or short positions in the Shares by any person as recorded in the register required under Section 336 of the SFO[119]. Environmental Compliance - The Group has implemented various environmental protection measures to minimize operational impact on the environment and ensure compliance with applicable laws and regulations in Hong Kong[100]. - As of the report date, no prosecution, penalty, or punishment has been imposed on the Group for violations of any applicable environmental laws and regulations[102].
申港控股(08631) - 2023 Q3 - 季度财报