Financial Performance - For the nine months ended September 30, 2023, the group's unaudited revenue was approximately HKD 102.7 million, a significant increase of about 116.7% compared to approximately HKD 47.4 million for the same period in 2022[4] - The unaudited profit attributable to the owners of the company for the nine months ended September 30, 2023, was approximately HKD 7.0 million, compared to an unaudited loss of approximately HKD 34.4 million for the same period in 2022[4] - The group reported a gross profit of HKD 29.58 million for the nine months ended September 30, 2023, compared to a gross loss of HKD 13.14 million for the same period in 2022[5] - Operating profit for the nine months ended September 30, 2023, was HKD 9.67 million, a turnaround from an operating loss of HKD 35.51 million in the same period of 2022[5] - The total comprehensive income for the nine months ended September 30, 2023, was HKD 5.05 million, compared to a total comprehensive loss of HKD 40.24 million for the same period in 2022[6] - The company reported a basic and diluted earnings per share of HKD 1.76 for the nine months ended September 30, 2023, compared to a loss per share of HKD 8.60 for the same period in 2022[5] - The company's net profit for the nine months ended September 30, 2023, was approximately HKD 7.0 million, a significant increase of about HKD 41.4 million compared to a net loss of approximately HKD 34.4 million for the same period in 2022[38] - Revenue for the nine months ended September 30, 2023, increased to approximately HKD 102.7 million, representing a substantial growth of about 116.7% from approximately HKD 47.4 million for the same period in 2022[26] Revenue Breakdown - The geographical breakdown of revenue for the nine months ended September 30, 2023, shows HKD 43,959,000 from Hong Kong, HKD 58,580,000 from China, and HKD 159,000 from Macau[16] - Revenue from exhibitions accounted for approximately 58.7% of total revenue for the nine months ended September 30, 2023, compared to 45.0% for the same period in 2022[25] - Revenue from services for the three months ended September 30, 2023, was HKD 23,535,000, a slight increase from HKD 23,361,000 in the same period of 2022[14] Expenses and Costs - Total operating expenses for the nine months ended September 30, 2023, were HKD 97,594,000, an increase from HKD 84,095,000 in the same period of 2022[17] - Service costs rose by approximately 20.8% to about HKD 73.1 million for the nine months ended September 30, 2023, from approximately HKD 60.5 million for the same period in 2022[30] - Sales expenses increased significantly by approximately 310.0% to about HKD 4.1 million for the nine months ended September 30, 2023, compared to approximately HKD 1.0 million for the same period in 2022[34] - The company's administrative expenses decreased by approximately 9.7% to about HKD 20.4 million for the nine months ended September 30, 2023, from approximately HKD 22.6 million for the same period in 2022[35] - Employee costs for the nine months ending September 30, 2023, totaled approximately HKD 39.3 million, an increase from HKD 36.0 million for the same period in 2022[45] Financial Position - The company's capital structure as of September 30, 2023, consisted of equity attributable to owners of approximately HKD 76.3 million, an increase from HKD 71.3 million as of December 31, 2022[39] - As of September 30, 2023, the group had no significant contingent liabilities, consistent with the previous year[42] - The group maintained a robust liquidity position, continuously monitoring its cash flow and credit risk[44] Governance and Compliance - The board of directors did not recommend the payment of any dividend for the nine months ended September 30, 2023, consistent with the same period in 2022[4] - The company has complied with the corporate governance code, with the exception of a deviation regarding the roles of the chairman and CEO[59] - The chairman and CEO, Mr. Huang Wenbo, has been in dual roles since September 30, 2021, to provide strong leadership for the company[60] - The audit committee has reviewed the financial results for the three months and nine months ending September 30, 2023, and found them to comply with applicable accounting standards[64] - The unaudited consolidated financial results for the nine months ending September 30, 2023, have not been reviewed by the company's auditors[65] Shareholder Information - As of September 30, 2023, Mr. Wong Man Po held 290,000,000 shares, representing 72.5% of the company's equity[53] - Mega King holds 290,000,000 shares, representing a 72.5% ownership stake in the company[57] - The company and its subsidiaries did not redeem, purchase, or sell any of the company's securities during the nine months ending September 30, 2023[52] - The company’s shares are registered and managed by Tricor Investor Services Limited for matters related to share registration and dividend distribution[62] Strategic Focus - The company continues to focus on expanding its audiovisual, lighting, and sound solution services in Hong Kong, China, and Macau[10] - The company expects financial performance to gradually recover to pre-pandemic levels as public activities resume in Hong Kong, China, and Macau[25] - The company emphasizes maintaining high transparency levels to strengthen investor relations[61] - The company’s website is regularly updated to provide effective communication with shareholders and the public[61]
AV策划推广(08419) - 2023 Q3 - 季度财报