Financial Performance - For the nine months ended September 30, 2023, the group's revenue was approximately HKD 184.9 million, an increase of about 3.6% compared to the same period in 2022[8]. - The gross profit for the same period was approximately HKD 67.5 million, representing an increase of about 13.9% from the previous period[9]. - The gross profit margin improved from approximately 33.2% in the previous period to approximately 36.5% in the current period[10]. - Profit attributable to equity holders for the nine months was approximately HKD 25.8 million, an increase of about 44.0% compared to the previous period[11]. - Earnings per share for the current period was approximately HKD 6.44, compared to HKD 4.47 in the previous period[12]. - Operating profit for the nine months was approximately HKD 27.4 million, an increase from HKD 20.7 million in the previous period[15]. - Financing income for the nine months was approximately HKD 3.8 million, significantly higher than HKD 0.8 million in the previous period[15]. - The total comprehensive income for the nine months was approximately HKD 22.2 million, compared to HKD 14.5 million in the previous period[16]. - The net profit for the nine months ended September 30, 2023, was HKD 25,772,000, an increase from HKD 17,899,000 in the same period of 2022, representing a growth of 43.9%[18]. Revenue Breakdown - Revenue from beauty products for the nine months ended September 30, 2023, was HKD 156,852,000, an increase of 6.0% compared to HKD 147,989,000 in the same period of 2022[27]. - Revenue from cosmetic bags for the nine months ended September 30, 2023, decreased to HKD 28,030,000, down 8.2% from HKD 30,448,000 in the same period of 2022[27]. - The total revenue for the nine months ended September 30, 2023, was HKD 184,882,000, compared to HKD 178,437,000 for the same period in 2022, reflecting a growth of 3.0%[27]. Equity and Dividends - For the nine months ended September 30, 2023, the total equity attributable to owners increased to HKD 246,876,000, up from HKD 229,886,000 for the same period in 2022, representing a growth of 7.4%[18]. - The board did not recommend any interim dividend for the current period, consistent with the previous period[13]. - The board did not recommend the payment of an interim dividend for the nine months ended September 30, 2023, consistent with the previous period[34]. Cash and Liabilities - The group maintained a current ratio of approximately 5.4 times as of September 30, 2023, down from approximately 6.9 times at the end of the previous year[45]. - The group had cash and cash equivalents of approximately HKD 141.1 million as of September 30, 2023, a decrease from approximately HKD 180.5 million at the end of the previous year[45]. - The group has no significant contingent liabilities or capital commitments as of September 30, 2023[50]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial data for the third quarter ending September 30, 2023[92]. - The company has complied with the corporate governance code as per GEM listing rules, except for the absence of two independent non-executive directors at the annual general meeting[87]. - The company has established a code of conduct for securities trading, which aligns with GEM listing rules[89]. Shareholding and Stock Options - As of September 30, 2023, the company has 300,000,000 shares held by Classic Charm Investments Limited, representing 75% of the issued shares[74]. - As of September 30, 2023, Classic Charm Investments Limited holds 300,000,000 shares, representing 75.00% of the voting shares of the company[78]. - The beneficial ownership of Classic Charm Investments Limited is divided among Mr. Ko (50.8%), Ms. Zhu (39.7%), and Ms. Chan (9.5%)[80]. - The stock option plan was approved on September 29, 2017, and became unconditional on October 27, 2017, aiming to attract and reward eligible individuals[64]. - The total number of shares that may be issued under the stock option plan is capped at 10% of the total issued shares as of the plan's effective date, which is 40,000,000 shares based on 400,000,000 issued shares[66]. - The stock options granted to eligible individuals cannot exceed 1% of the company's issued share capital within any 12-month period[66]. - The stock option plan is valid for 10 years from the adoption date, expiring on September 28, 2027[70]. - The exercise price of the stock options will not be less than the highest of the closing price on the offer date or the average closing price over the five trading days preceding the offer date[71]. Market Strategy and Operations - The group continues to explore innovative strategies and plans to maintain good relationships with long-term customers despite challenging market conditions[38]. - The group is focused on assessing changing market preferences and evaluating different sales and marketing strategies to meet customer demands[39]. - The group did not engage in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[60]. - The company did not enter into any acquisition agreements during the period that require disclosure under GEM listing rules[61]. - No significant changes in shareholding or conflicts of interest were reported for the nine months ending September 30, 2023[84]. - The company did not repurchase any shares during the nine months ending September 30, 2023[91]. - No major events affecting the business or financial performance were noted after the reporting period ending September 30, 2023[96]. - The company amended its articles of association through a special resolution passed on May 12, 2023[95].
德宝集团控股(08436) - 2023 Q3 - 季度财报