Financial Performance - For the nine months ended September 30, 2023, the group recorded revenue of approximately HKD 77,680,000, an increase of about 3.8% compared to HKD 74,817,000 for the same period in 2022[7] - Gross profit for the same period was approximately HKD 20,262,000, representing an increase of about 11.4% from HKD 18,186,000 in the previous year[7] - The gross profit margin improved from 24.3% to approximately 26.1%, attributed to a higher profit margin product mix and reduced costs of raw materials and outsourcing[7] - The group achieved a net profit of approximately HKD 3,666,000 for the nine months ended September 30, 2023, compared to HKD 2,454,000 for the same period in 2022, reflecting the increase in revenue and gross profit[7] - For the three months ended September 30, 2023, revenue was HKD 34,925,000, compared to HKD 26,445,000 in the same quarter of 2022[10] - The net profit for the three months ended September 30, 2023, was HKD 5,737,000, a significant increase from HKD 38,000 in the same quarter of the previous year[12] - The company reported a basic and diluted earnings per share of HKD 0.76 for the nine months ended September 30, 2023, compared to HKD 0.51 for the same period in 2022[12] - The total comprehensive income for the nine months ended September 30, 2023, was HKD 679,000, compared to a loss of HKD 8,364,000 in the same period of the previous year[12] - For the nine months ended September 30, 2023, the company reported a profit of HKD 3,666,000, compared to HKD 2,454,000 for the same period in 2022, representing a year-over-year increase of 49.2%[14] Revenue Breakdown - Revenue from functional knitted fabric sales for the nine months ended September 30, 2023, was HKD 66,129,000, a decrease of 3.2% from HKD 68,342,000 in the same period of 2022[26] - Revenue from garment sales increased significantly to HKD 4,566,000 for the nine months ended September 30, 2023, compared to HKD 3,495,000 in 2022, marking a growth of 30.6%[26] Expenses and Costs - The total employee costs, excluding directors' remuneration, for the nine months ended September 30, 2023, were HKD 9,327,000, a decrease of 6.3% compared to HKD 9,957,000 in the same period of 2022[35] - Research and development expenses for the nine months ended September 30, 2023, amounted to HKD 2,889,000, down from HKD 3,796,000 in the same period of 2022, reflecting a reduction of 23.9%[35] - Selling and distribution expenses increased by approximately HKD 68,000 or 1.7% to approximately HKD 4,153,000 due to higher exhibition and travel expenses[52] - Administrative and other expenses decreased by approximately HKD 131,000 or 1.1% to approximately HKD 11,834,000, primarily due to reduced depreciation and legal fees[54] - Income tax expense for the nine months ended September 30, 2023, was approximately HKD 837,000, with an effective tax rate of 18.6%, up from 9.3% in 2022[55] Shareholder Information - The company successfully placed 96,000,000 shares at a price of HKD 0.185 per share, raising approximately HKD 17,400,000 in net proceeds on October 25, 2023[44] - As of September 30, 2023, Ms. Li Yingyang holds 81,595,000 shares, representing 17% of the company's equity, while Mr. Yuan Bo holds 139,200,000 shares, representing 29%[68] Corporate Governance - The company has established an audit committee in compliance with GEM Listing Rules, consisting of three independent non-executive directors, ensuring adherence to applicable accounting standards and sufficient disclosure[71] - The company has maintained compliance with all applicable corporate governance code provisions during the reporting period[75] Future Outlook - The company aims to enhance its market position in China by improving product variety and increasing marketing efforts to expand its customer base[47] - The company continues to focus on securing sales orders from existing customers while exploring new customer acquisition to expand its customer base[7] - There are currently no significant investments or acquisitions planned, but the company will continue to seek potential investment or acquisition opportunities[58] Other Financial Metrics - The total equity attributable to the owners of the company as of September 30, 2023, was HKD 128,429,000, down from HKD 151,580,000 as of September 30, 2022, reflecting a decrease of 15.2%[14] - Financing costs for the nine months ended September 30, 2023, amounted to HKD 1,115,000, slightly up from HKD 1,059,000 in the same period of 2022, indicating a rise of 5.3%[30] - The company reported a total inventory cost of HKD 54,247,000 for the nine months ended September 30, 2023, compared to HKD 51,542,000 in the same period of 2022, indicating an increase of 5.2%[35] - The company did not recommend the payment of dividends for the nine months ended September 30, 2023, consistent with the previous year[8] - The company did not declare any dividends for the current period, consistent with the previous year[38] - There have been no purchases or sales of the company's listed securities during the reporting period[74]
智云国际控股(08521) - 2023 Q3 - 季度财报