Financial Performance - For the nine months ended September 30, 2023, the group recorded revenue from continuing operations of approximately HKD 47.77 million, a decrease of 13.9% compared to HKD 55.51 million for the same period in 2022[4]. - The loss attributable to equity shareholders for the nine months ended September 30, 2023, was approximately HKD 1.47 million, significantly improved from a loss of HKD 9.22 million for the same period in 2022[4]. - Gross profit for the nine months ended September 30, 2023, was approximately HKD 10.51 million, down from HKD 12.04 million in the same period of 2022, reflecting a gross margin decrease[6]. - The group reported a pre-tax loss of approximately HKD 14.35 million for the nine months ended September 30, 2023, compared to a loss of HKD 1.52 million in the same period of 2022[6]. - The total comprehensive loss for the nine months ended September 30, 2023, was approximately HKD 1.48 million, a recovery from a total comprehensive loss of HKD 12.68 million in the same period of 2022[10]. - The basic loss per share for the nine months ended September 30, 2023, was HKD 5.45, compared to HKD 50.92 for the same period in 2022, indicating a reduction in loss per share[10]. - The company reported a loss of HKD 1,472,000 during the nine-month period, contributing to a total accumulated loss of HKD 70,555,000 as of September 30, 2023[12]. - The total comprehensive income for the nine months ended September 30, 2023, was HKD 1,479,000, compared to a total comprehensive loss of HKD 12,678,000 for the same period in 2022[12]. - The company recorded a pre-tax profit from discontinued operations of HKD 16,716,000 for the nine months ended September 30, 2023, compared to a loss of HKD 10,270,000 in the same period of 2022[28]. Revenue and Sales - For the nine months ended September 30, 2023, the revenue from the sale of cast metal products was HKD 47,772,000, a decrease of 14.0% compared to HKD 55,506,000 for the same period in 2022[17]. - The group's revenue from continuing operations decreased by approximately 13.93% to about HKD 7.73 million compared to the same period in 2022[42]. - The metal casting business experienced a revenue decline of approximately 13.93% compared to the nine months ended September 30, 2022, primarily due to rising material costs offsetting increased average selling prices[38]. Expenses and Costs - Administrative expenses increased to approximately HKD 29.25 million for the nine months ended September 30, 2023, compared to HKD 10.35 million in the same period of 2022, indicating a significant rise in operational costs[6]. - Other comprehensive expenses for the nine months ended September 30, 2023, amounted to HKD 889,000, with total comprehensive expenses reaching HKD 2,361,000[12]. - Administrative expenses increased by approximately 182.61% to about HKD 29.25 million, with non-recurring impairment losses of about HKD 17.56 million excluded, resulting in administrative expenses of approximately HKD 11.69 million[45]. Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the nine months ended September 30, 2023, consistent with the previous year[4]. - The company did not declare an interim dividend for the nine months ended September 30, 2023, consistent with the previous year[30]. - As of September 30, 2023, Ms. Hu Lanying holds 5,453,852 shares, representing 14.28% of the company's issued share capital[57]. - Mr. Zhang Xiaowo holds 2,862,600 shares, accounting for 7.50% of the issued share capital[63]. - Mr. Fang Jinhou owns 2,661,150 shares, which is 6.97% of the issued share capital[63]. - The company has not granted any share options under the share option scheme since its adoption on April 10, 2015[60]. Corporate Actions and Governance - The company completed the sale of 75% of Solomon Holdings Group Limited for HKD 75 million on May 19, 2023, with the transaction finalized on the same day[21]. - The company has terminated its holding of 75% equity in the financial printing business to prevent further losses and cash outflows[39]. - The company completed a rights issue on August 24, 2023, with a total of 12,728,000 shares subscribed at a price of HKD 0.8 per share[51]. - The company raised approximately HKD 9,000,000 through a rights issue in August 2023, aimed at funding joint ventures and general operational expenses[36]. - The company has established joint ventures with a total investment of HKD 30 million, increasing its focus on culturally themed products and services[53]. - The company has established an audit committee consisting of three independent non-executive directors[65]. - The company has complied with the corporate governance code as of September 30, 2023[66]. - There were no changes in the directors' information that require disclosure during the reporting period[67]. - The company has not disclosed any competitive interests held by directors or major shareholders during the period[64]. - The chairman of the company is Ms. Hu Lanying, who signed the report on November 13, 2023[68]. Taxation and Liabilities - The company has not incurred any income tax expenses due to the tax regulations in the Cayman Islands and British Virgin Islands[18]. - The company did not recognize any tax provisions for Hong Kong profits tax or China income tax for the nine months ended September 30, 2023, due to no taxable profits being generated[20]. - The effective tax rate for qualifying companies in Hong Kong is 8.25% on the first HKD 2 million of assessable profits, while the standard rate is 16.5%[19]. - The company’s total liabilities as of September 30, 2023, were not explicitly stated but can be inferred from the accumulated losses and equity figures[12]. Other Financial Highlights - The company recognized a gain from the sale of subsidiaries amounting to HKD 6.88 million during the nine months ended September 30, 2023, which was not present in the previous year[6]. - The company recorded a net cash outflow of HKD 118,000 from the sale after accounting for cash and cash equivalents sold[22]. - The company’s issued share capital as of September 30, 2023, was 38,184,000 shares, following various capital raising activities throughout the year[34]. - The average number of issued ordinary shares for the nine months ended September 30, 2023, was 26,988,000, an increase from 18,113,000 in the previous year[32]. - The company plans to utilize net proceeds of approximately HKD 9.0 million from the rights issue for various investments and general working capital[52].
吉盛集团控股(08133) - 2023 Q3 - 季度财报