Financial Performance - For the third quarter of 2023, the company reported a revenue of approximately HKD 237.3 million, a significant increase from HKD 32.9 million in the same period of 2022, representing a growth of about 620.5%[22] - The company's gross profit for the third quarter was HKD 255, compared to HKD 483 in the same quarter of 2022, indicating a decline of approximately 47.3%[22] - The pre-tax loss for the third quarter was approximately HKD 11.4 million, a reduction of about 46.0% from a pre-tax loss of HKD 21.1 million in the same quarter of 2022[22] - The total comprehensive loss for the third quarter was HKD 10.9 million, compared to HKD 20.5 million in the same period of 2022, reflecting a decrease of approximately 46.8%[24] - The company reported a loss attributable to equity holders of approximately HKD 10.8 million for the third quarter, down from HKD 19.1 million in the same quarter of 2022, a reduction of about 43.5%[24] - The loss per share for the third quarter was approximately HKD 0.83, compared to HKD 1.48 in the same period of 2022, indicating an improvement of about 44.0%[24] - For the nine months ended September 30, 2023, the company reported a total revenue of approximately HKD 656.9 million, up from HKD 307.7 million in the same period of 2022, representing a growth of about 113.0%[22] - The total comprehensive loss for the nine months was HKD 43.5 million, a decrease from HKD 59.2 million in the same period of 2022, reflecting an improvement of approximately 26.5%[24] - The company reported a loss attributable to equity holders of HKD 45.0 million for the nine months ended September 30, 2023, compared to a loss of HKD 580.8 million in the same period of 2022, indicating a significant reduction in losses[52] - The basic loss per share for the nine months ended September 30, 2023, was HKD 3.49, an improvement from HKD 4.51 in the same period of 2022[52] Revenue and Costs - For the three months ended September 30, 2023, the company's trading business revenue was approximately HKD 644.9 million, a significant increase from HKD 295.8 million in the same period of 2022, reflecting a growth of 118%[36] - The total revenue for the nine months ended September 30, 2023, was HKD 656.9 million, compared to HKD 307.7 million for the same period in 2022, representing an increase of 114%[36] - The cost of inventory for the nine months ended September 30, 2023, was HKD 644.9 million, compared to HKD 292.6 million in the same period of 2022, reflecting an increase of 120%[44] - The cost of revenue rose by approximately 114.57% to about HKD 656,300,000, up from HKD 305,900,000 in the previous year[67] - The gross profit margin decreased to approximately 0.09%, down from 0.6% in the same period last year, with gross profit falling by about 66.61% to HKD 618,000[69] Financing and Costs - The company incurred a financing cost of HKD 16.7 million for the nine months, compared to HKD 15.5 million in the same period of 2022, indicating an increase of about 7.7%[22] - The financing costs for the three months ended September 30, 2023, were HKD 3.1 million, down from HKD 4.7 million in the same period of 2022, showing a decrease of 34%[44] - The financing cost for the period was approximately HKD 16,700,000, compared to HKD 15,500,000 in the same period last year[64] Corporate Governance and Compliance - The audit committee reviewed the unaudited financial statements for the third quarter, confirming compliance with applicable accounting standards and GEM listing rules[103] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[102] - The audit committee consists of independent non-executive directors, ensuring oversight of financial reporting and internal control systems[107] - The board is committed to maintaining high standards of corporate governance and will continue to review its practices to meet regulatory requirements[102] Future Outlook and Strategy - The company aims to continue its market expansion and product development strategies to enhance future performance[18] - The group plans to operate cautiously while seizing opportunities for integrated development in Yancheng, Jiangsu[82] - The company continues to monitor global economic conditions closely, particularly in light of geopolitical uncertainties and rising interest rates, to minimize impacts on operations[57] Shareholder Information - Major shareholders include Da Feng Port Overseas, Da Feng Port Development Group, Jiangsu Yancheng, and Yancheng Municipal Government, each holding 740,040,000 shares, which accounts for approximately 57.46% of the company's issued share capital[94] - The board of directors believes that the business of Da Feng Port Development Group will not pose a significant competitive threat to the group due to different product types and target customers[104] - The company has no knowledge of any other individuals or entities holding interests in the company's shares that require disclosure under the Securities and Futures Ordinance[95] Dividends and Investments - The company did not recommend any interim dividend for the period, consistent with the previous year[50] - The group did not declare any interim dividends for the period[71] - The group has no major investment or capital asset plans for the future as of September 30, 2023[81] - The group has no significant contingent liabilities as of September 30, 2023[83]
大丰港(08310) - 2023 Q3 - 季度财报