Financial Performance - Revenue for the third quarter of 2023 reached HKD 43,900,000, a significant increase of 192.5% compared to HKD 15,020,000 in the same period of 2022[4] - Gross profit for the third quarter was HKD 15,686,000, representing a gross margin of approximately 35.7%, up from HKD 5,160,000 in the previous year[4] - The company reported a net profit of HKD 1,548,000 for the third quarter, compared to a net loss of HKD 7,299,000 in the same quarter of 2022[5] - For the nine months ended September 30, 2023, total revenue was HKD 119,140,000, an increase of 168.5% from HKD 44,420,000 in the same period of 2022[4] - The basic and diluted earnings per share for the third quarter were HKD 0.25, compared to a loss per share of HKD 1.18 in the same quarter of 2022[5] - Operating profit for the third quarter was HKD 2,684,000, a turnaround from an operating loss of HKD 6,917,000 in the previous year[4] - Total comprehensive income for the third quarter was HKD 1,535,000, compared to a loss of HKD 7,609,000 in the same quarter of 2022[5] - Basic earnings per share for the nine months ended September 30, 2023, was HKD 0.31, recovering from a loss of HKD 2.59 per share in the same period of 2022[23] - The total operating profit for the nine months ended September 30, 2023, was HKD 5,631,000, reflecting a recovery from the operating loss of HKD 14,838,000 in the same period of 2022[15] - Net profit attributable to equity holders was approximately HKD 1.9 million, compared to a loss of HKD 15.5 million in the comparative period[41] Market and Revenue Growth - The company’s revenue from external customers in Hong Kong for the nine months ended September 30, 2023, was HKD 67,283,000, up from HKD 29,114,000 in 2022, indicating a growth of 131.1%[18] - The company's revenue increased approximately 168% to HKD 119.1 million for the nine months ended September 30, 2023, driven primarily by sales growth in the Hong Kong market, which contributed about HKD 67.3 million or 56.5% of total revenue[32] - Sales from overseas markets recorded significant improvement, generating approximately HKD 33.4 million during the period, compared to HKD 5.9 million in the comparative period[32] - Revenue from the Chinese market improved by 95.7% to approximately HKD 18.4 million, up from HKD 9.4 million in the comparative period[32] Expenses and Losses - The company incurred a foreign exchange loss of HKD 1,303,000 in the third quarter, compared to a loss of HKD 4,309,000 in the same period of 2022[4] - The company incurred a foreign exchange loss of HKD 4,486,000 during the nine months ended September 30, 2023[15] - The total sales cost for the nine months ended September 30, 2023, was HKD 79,343,000, compared to HKD 29,884,000 in the same period of 2022, reflecting an increase of 165.5%[15] - Selling expenses rose from HKD 2.1 million in the comparative period to approximately HKD 8.7 million, primarily due to a more than fourfold increase in sales to overseas markets[35] - Administrative expenses increased by HKD 1.0 million to approximately HKD 20.1 million, mainly due to increased depreciation and travel expenses[36] - The company recorded a foreign exchange loss of approximately HKD 4.5 million, primarily due to the depreciation of the Renminbi and Australian dollar[38] Dividends and Shareholder Information - The company did not declare any interim dividends for the nine months ended September 30, 2023, consistent with the previous year[25] - The board decided not to declare any dividends for the nine months ended September 30, 2023[42] - As of September 30, 2023, JAT United holds 364,095,000 shares, representing 60.68% of the issued share capital[53] - Mr. Zhang Jing and Ms. Wu Yushuang each hold 31,005,000 shares, accounting for 5.17% of the issued share capital[53] - No share options have been granted, exercised, or cancelled since the adoption of the share option plan on June 19, 2017[56] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[58] - There are no interests held by directors or major shareholders in any competing businesses as of the report date[59] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[9] - The company will continue to monitor potential business opportunities in the Hong Kong market while avoiding aggressive price competition[28] Audit and Review - The audit committee, consisting of independent non-executive directors, has reviewed the report and provided recommendations[61]
明梁控股(08152) - 2023 Q3 - 季度财报