Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 46,454,000, a decrease of 8.3% compared to HKD 50,563,000 in the same period of 2022[6] - Gross profit for the same period was HKD 20,569,000, representing an increase of 10.0% from HKD 18,677,000 year-on-year[6] - The company recorded a profit before tax of HKD 3,517,000 for the three months ended September 30, 2023, slightly down from HKD 3,614,000 in the previous year[6] - Net profit for the three months was HKD 3,881,000, an increase of 20.1% compared to HKD 3,232,000 in the same quarter of 2022[6] - For the nine months ended September 30, 2023, total revenue was HKD 144,846,000, down 4.2% from HKD 151,265,000 in the same period of 2022[6] - The company’s net profit for the nine months was HKD 12,174,000, a decrease of 32.7% compared to HKD 18,116,000 in the previous year[6] - The total comprehensive income for the three months was HKD 3,894,000, compared to HKD 3,019,000 in the same quarter of 2022, indicating an increase of 29.0%[6] - Revenue for the nine months ended September 30, 2023, decreased to approximately HKD 144.8 million, a decline of about 4.2% compared to the same period last year[28] - Gross profit for the nine months ended September 30, 2023, decreased by approximately HKD 1.8 million or 3.0% to about HKD 57.9 million, with gross margins of approximately 39.5% and 40.0% for the respective periods[32] - Net profit after tax for the nine months ended September 30, 2023, decreased to approximately HKD 12.2 million, down by about HKD 5.9 million, resulting in a net profit margin of approximately 8.4%[39] Earnings Per Share - Basic and diluted earnings per share for the three months were HKD 0.81, up from HKD 0.69 in the same period last year, reflecting a growth of 17.4%[7] - Basic and diluted earnings per share for the nine months were HKD 2.58, a decrease of 37.9% compared to HKD 4.15 for the same period in 2022[25] Expenses and Costs - Employee benefit expenses totaled HKD 55,335,000 for the nine months, an increase of 11.7% from HKD 49,512,000 in the previous year[22] - Administrative expenses increased by approximately HKD 3.4 million or 10.2% to about HKD 37.0 million, primarily due to rising employee costs[36] - Sales expenses decreased by approximately HKD 1.8 million or 16.1% to about HKD 9.2 million[35] - Financing costs increased by approximately HKD 0.1 million to about HKD 0.6 million, mainly due to increased interest on lease liabilities[37] - Other income decreased by approximately HKD 2.1 million, mainly due to the absence of government subsidies received in the previous year[33] Dividends - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[23] - The company did not recommend any dividend for the period ended September 30, 2023[42] Shareholding and Incentive Plans - HM Ultimate holds 222,760,000 shares, representing 52.86% of the total issued shares as of September 30, 2023[50] - 谢锦荣 holds 72,285,000 shares, accounting for 17.15% of the total issued shares[50] - Tricor Trust (Hong Kong) holds 21,415,000 shares, which is 5.08% of the total issued shares[50] - The share option plan adopted on December 15, 2016, allows for a maximum of 10% of the total issued shares to be granted under the plan[53] - No options were granted or exercised during the review period, and there are no unexercised options remaining under the plan[57] - The share reward plan adopted on July 4, 2022, aims to recognize and reward eligible participants for their contributions to the group's growth and development[59] - A total of 21,415,000 shares were granted to 15 eligible participants on April 1, 2023, with 17,415,000 shares awarded to 14 employees and 4,000,000 shares to an executive director[63][65] - The vesting schedule for the awarded shares includes approximately 34% vesting on March 31, 2024, and approximately 66% vesting on March 31, 2025[68][72] - The total number of shares available for grant under the incentive plan is 17,025,000 shares[71] Business Strategy and Operations - The company continues to focus on expanding its integrated printing services, including financial printing and marketing collateral printing, to enhance market presence[10] - The company plans to strengthen its core competitiveness and explore new business opportunities in response to economic uncertainties[29] - The company has established an operational business model that combines AI support technology, a vast domestic translation partner network, and specialized project management teams, allowing for unparalleled speed and accuracy in translation services[75] - The acquisition of the target company is expected to increase the group's revenue sources and customer base, aligning with the group's future development strategy and enhancing profitability[77] Corporate Governance - The company has adopted the corporate governance code and has complied with all applicable provisions during the review period[85] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting processes and risk management systems during the review period[90] Major Transactions - The company sold approximately 22.85% of the issued share capital of Wordbee S.à r.l., which constitutes a major transaction under GEM listing rules, requiring compliance with disclosure and shareholder approval regulations[80] - The acquisition agreement was approved by HM Ultimate Holdings Limited, which holds approximately 52.86% of the company's issued share capital, thus avoiding the need for a shareholder meeting[80] - The company has completed the sale of its interest in Wordbee S.à r.l. on October 4, 2023, and no longer holds any equity in the company[81]
HM INTL HLDGS(08416) - 2023 Q3 - 季度财报