Financial Performance - Revenue for the three months ended September 30, 2021, was HKD 8,865,000, an increase of 14.2% compared to HKD 7,757,000 for the same period in 2020[6] - Gross profit for the three months ended September 30, 2021, was HKD 1,213,000, representing a gross margin of 13.7% compared to HKD 1,024,000 in 2020[6] - The net loss for the three months ended September 30, 2021, was HKD 1,517,000, a decrease in loss compared to HKD 3,850,000 for the same period in 2020[9] - Total revenue for the nine months ended September 30, 2021, was HKD 19,194,000, up from HKD 18,168,000 in 2020[6] - Total revenue for the nine months ended September 30, 2021, was HKD 19,194,000, up from HKD 17,960,000 in 2020, reflecting a year-over-year increase of 6.9%[12] - The consolidated loss narrowed to HKD 5,600,000 from HKD 10,300,000 in the previous year, with a loss per share of HKD 0.328 compared to HKD 0.641 previously[25] Cost Management - Administrative expenses for the three months ended September 30, 2021, were HKD 1,904,000, significantly reduced from HKD 4,208,000 in 2020, indicating a cost control strategy[6] - Financial expenses for the three months ended September 30, 2021, totaled HKD 510,000, compared to HKD 182,000 in 2020, indicating a rise of 179.1%[14] - Interest expenses on other loans increased to HKD 363,000 for the three months ended September 30, 2021, from HKD 172,000 in 2020, a rise of 111.0%[14] Shareholder Information - The company reported a loss per share of HKD 9.2 for the three months ended September 30, 2021, compared to HKD 26.2 for the same period in 2020[7] - The weighted average number of shares for calculating basic loss per share remained at 15,586,000 for both periods under review[19] - The company did not declare any dividends for the reporting period, consistent with the previous year[20] Market and Product Insights - Revenue from customer contracts for home products reached HKD 7,482,000 for the three months ended September 30, 2021, compared to HKD 7,188,000 in 2020, representing an increase of 4.1%[12] - Sales of planting products increased significantly to HKD 1,383,000 for the three months ended September 30, 2021, from HKD 569,000 in 2020, marking a growth of 143.3%[12] - The company has not reported any new product launches or significant market expansion strategies during the reporting period[6] Debt and Restructuring - The company is seeking debt restructuring through a plan that has received support from at least 75% of creditors by value and 50% by number, with court documents to be submitted in Q1 2022[28] - The company believes that successful implementation of the debt restructuring plan will benefit all stakeholders, including shareholders, creditors, and employees[28] Governance and Compliance - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with relevant regulations[42] - The company has adhered to the corporate governance code as per GEM listing rules, except for the absence of a CEO position[43] - The audit committee consists of three independent non-executive directors, ensuring the accuracy and fairness of the financial statements[45] - The audit committee has reviewed the quarterly report and confirmed compliance with applicable accounting standards and GEM listing rules[46] Economic and Operational Challenges - The ongoing US-China disputes and the COVID-19 pandemic are expected to create challenges and uncertainties for the company's operations and the broader economy[29] - There were no significant deferred tax assets or liabilities recognized during the reporting period, indicating no need for provisions for deferred tax[18] - There were no significant events or capital commitments after the reporting period[30][31] Foreign Exchange Risk - The company has no significant foreign exchange risk due to the stability of its major currencies (HKD, USD, RMB) and will continue to monitor its foreign exchange exposure[26] Other Income - The company recorded other income of HKD 290,000 for the nine months ended September 30, 2021, down from HKD 1,442,000 in 2020[6] - The company did not record any dividend income from equity investments during the reporting period, with unrealized losses from fair value changes amounting to HKD 50,000[15]
曼妠(08186) - 2021 Q4 - 季度财报