Financial Performance - For the nine months ended September 30, 2022, the group recorded unaudited revenue of approximately HKD 8.2 million, a decrease of about HKD 0.6 million or 6.8% compared to HKD 8.8 million for the same period in 2021[5] - The unaudited loss attributable to owners of the company for the nine months ended September 30, 2022, was approximately HKD 7.8 million, a reduction of about HKD 6.3 million or 44.7% from HKD 14.1 million in the same period of 2021[5] - Basic and diluted loss per share for the nine months ended September 30, 2022, was HKD 0.65, compared to HKD 1.17 for the same period in 2021[5] - For the three months ended September 30, 2022, the group reported a revenue of HKD 2.1 million, down from HKD 3.7 million in the same period of 2021[7] - The gross profit for the nine months ended September 30, 2022, was HKD 238, compared to HKD 2,145 for the same period in 2021[7] - The total comprehensive loss for the nine months ended September 30, 2022, was HKD 7.9 million, compared to HKD 14.1 million for the same period in 2021[10] - Total revenue for the nine months ended September 30, 2022, was HKD 8,246,000, a decrease of 6.8% compared to HKD 8,845,000 for the same period in 2021[28] - The travel segment reported a revenue of HKD 5,676,000 for the nine months ended September 30, 2022, down from HKD 6,533,000 in the previous year, a decline of about 13.1%[33] - The automotive segment generated revenue of HKD 2,570,000 for the nine months ended September 30, 2022, compared to HKD 2,312,000 in the same period of 2021, an increase of approximately 11.2%[33] Expenses and Costs - Administrative expenses for the nine months ended September 30, 2022, were HKD 10.6 million, down from HKD 17.2 million in the same period of 2021[7] - The group's cost of sales increased by approximately 19.5%, rising from about HKD 6.7 million to HKD 8.0 million for the nine months ended September 30, 2022, primarily due to increased procurement costs for hotel rooms[56] - Gross profit for the nine months ended September 30, 2022, was approximately HKD 0.2 million, a decline of about 88.9% compared to approximately HKD 2.1 million for the same period in 2021[57] - Other income and gains increased from approximately HKD 0.9 million to about HKD 2.7 million for the nine months ended September 30, 2022, mainly due to an increase in government subsidies received[59] - Employee costs, including director remuneration, were approximately HKD 7.1 million for the nine months ended September 30, 2022, down about 10.1% from HKD 7.9 million for the same period in 2021[75] Dividends and Equity - The board of directors decided not to recommend the payment of an interim dividend for the nine months ended September 30, 2022, consistent with the previous year[5] - The total equity as of September 30, 2022, was HKD 40.4 million, down from HKD 48.3 million as of January 1, 2022[10] - The company did not declare or recommend any interim dividend for the nine months ended September 30, 2022, consistent with the previous year[48] - The group had no significant capital commitments related to the acquisition of property, plant, and equipment as of September 30, 2022[86] Risk Management - The company has not reported any significant changes in its risk management policies since December 31, 2021[24] - The company’s financial risk management includes credit risk, cash flow and fair value interest rate risk, and liquidity risk[23] - The company is strategically adjusting its business plans to mitigate risks and uncertainties arising from the pandemic and market conditions[69] - The company faces risks from ongoing pandemic impacts, including potential travel restrictions and reduced consumer sentiment affecting Macau's tourism industry[71] Strategic Plans and Market Position - The group plans to strategically seek partnerships with more hotel operators and travel agencies in Macau to enhance its market position and increase revenue sources beyond hotel room sales and vehicle rentals[52] - The board anticipates that the gradual easing of travel restrictions will increase the number of tourists to Macau, thereby improving the group's business performance[51] - The company aims to expand its tourism business into China, identifying opportunities in the Chinese tourism market[68] - The company has purchased 12 new vehicles to expand its fleet for point-to-point cross-border transport services and car rental in Macau[68] Corporate Governance - The group has adopted high standards of corporate governance, ensuring transparency and accountability, and has complied with the corporate governance code in all significant aspects[92] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited financial statements for the nine months ending September 30, 2022[105] - The company continues to comply with the GEM Listing Rules regarding the trading standards for directors[102] Management Changes - Mr. Cai has resigned as Executive Director and Chairman, effective August 3, 2022, with Ms. Zou Shuer appointed as both Chairman and CEO[94] - The company believes that the dual role of Ms. Zou as Chairman and CEO will provide strong leadership and effective long-term business strategy implementation[94] - The company has maintained a balance of power and authority between the board and management despite the structural changes[94]
瀛海集团(08668) - 2022 Q3 - 季度财报