Financial Performance - For the nine months ended September 30, 2023, the company reported total revenue of HKD 271,539,000, an increase of 18.2% compared to HKD 229,742,000 for the same period in 2022[6] - The company incurred a net loss of HKD 16,414,000 for the three months ended September 30, 2023, compared to a profit of HKD 13,226,000 for the same period in 2022[6] - Total comprehensive income for the nine months ended September 30, 2023, was HKD 15,001,000, compared to HKD 12,232,000 for the same period in 2022, reflecting a growth of 22.8%[8] - The group reported a profit before tax of HKD 18,718,000 for the nine months ended September 30, 2023, compared to HKD 14,834,000 for the same period in 2022, marking an increase of approximately 26.5%[21] - The company reported a basic and diluted loss per share of HKD 1.65 for the three months ended September 30, 2023, compared to earnings per share of HKD 1.53 for the same period in 2022[8] Revenue Breakdown - For the nine months ended September 30, 2023, the wine business generated revenue of HKD 271,539,000, an increase from HKD 226,796,000 in the same period of 2022, representing a growth of approximately 19.7%[21] - The food business reported revenue of HKD 2,946,000 for the nine months ended September 30, 2023, compared to HKD 2,946,000 in the same period of 2022, indicating no growth[21] - Revenue from external customers in Hong Kong for the nine months ended September 30, 2023, was HKD 271,423,000, compared to HKD 229,521,000 in the same period of 2022, reflecting an increase of approximately 18.2%[24] - Revenue from external customers in Australia for the nine months ended September 30, 2023, was HKD 116,000, down from HKD 221,000 in the same period of 2022, indicating a decline of approximately 47.5%[24] Expenses and Costs - The gross profit margin for the nine months ended September 30, 2023, was approximately 12.7%, down from 11.7% in the same period of 2022[6] - The company's administrative expenses decreased to HKD 4,201,000 for the nine months ended September 30, 2023, from HKD 7,919,000 in the same period of 2022, a reduction of 47.0%[6] - The company’s financial costs increased to HKD 4,506,000 for the nine months ended September 30, 2023, compared to HKD 3,527,000 in the same period of 2022, an increase of 27.7%[6] - Interest expenses for the three months ended September 30, 2023, increased to HKD 1,826,000 from HKD 1,228,000 in the same period of 2022, representing a year-over-year increase of 48.8%[27] - The cost of sales and consumed inventory increased by approximately HKD 34.4 million or about 17.0% to approximately HKD 237.2 million in 2023, primarily due to market development price adjustments[47] Assets and Liabilities - The company’s total assets as of September 30, 2023, amounted to HKD 370,842,000, compared to HKD 299,934,000 as of January 1, 2022, reflecting an increase of 23.7%[10] - As of September 30, 2023, the company's cash and cash equivalents amounted to approximately HKD 1.0 million, down from HKD 4.0 million as of December 31, 2022[52] - The company's borrowings as of September 30, 2023, were approximately HKD 117.4 million, an increase from HKD 90 million as of December 31, 2022[54] - The debt-to-equity ratio as of September 30, 2023, was approximately 31.6%, compared to 24.2% as of December 31, 2022[55] Strategic Plans - The company plans to continue exploring market expansion opportunities and new product development to enhance future growth prospects[6] - The company plans to enhance its wine trade sales capabilities and conduct more advertising activities targeting the APEC wine market[50] - The company aims to expand its product portfolio and online market promotion while seeking acquisition opportunities to enhance the scale and performance of its wine trade division[50] - The company will closely monitor and review the performance of existing businesses to focus resources on areas with greater growth potential and profitability[50] Corporate Governance - The audit committee reviewed the unaudited financial statements for the third quarter of 2023 and confirmed compliance with applicable accounting standards and GEM listing rules[81] - The company has adhered to the corporate governance code as per GEM listing rules during the nine months ended September 30, 2023[79] - The board of directors consists of executive directors and independent non-executive directors as of the report date[82] Employee and Shareholder Information - The company had approximately 15 employees as of September 30, 2023, and offers competitive compensation and training programs to retain talent[63] - The company has a total of 171,244,800 shares held by Ms. Huang Wei, representing 17.18% of the total shares[70] - The company has not engaged in any significant acquisitions or disposals of subsidiaries or associated companies during the reporting period[66] - The company has no outstanding stock options granted under its stock option plan as of September 30, 2023[69]
百利达集团控股(08179) - 2023 Q3 - 季度财报