Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 39,977,000, a decrease of 41.9% compared to HKD 68,641,000 for the same period in 2022[8] - The gross profit for the third quarter of 2023 was HKD 8,692,000, representing a 26.6% increase from HKD 6,867,000 in the third quarter of 2022[8] - The company recorded a net profit of HKD 1,593,000 for the third quarter of 2023, compared to a net loss of HKD 11,019,000 in the same quarter of the previous year[8] - For the nine months ended September 30, 2023, total revenue was HKD 129,023,000, down 45.4% from HKD 235,714,000 in the same period of 2022[8] - The company reported a net loss of HKD 31,629,000 for the nine months ended September 30, 2023, compared to a net loss of HKD 30,657,000 for the same period in 2022[8] - Basic and diluted earnings per share for the third quarter of 2023 were HKD 0.003, compared to a loss of HKD 0.0155 per share in the third quarter of 2022[10] - The company reported a pre-tax loss of HKD 29,614,000 for the nine months ended September 30, 2023, compared to a pre-tax loss of HKD 30,768,000 for the same period in 2022[26] - For the nine months ended September 30, 2023, the company recorded a revenue of approximately HKD 129.0 million, a decrease of about 45.3% compared to HKD 235.7 million for the same period in 2022[44] - The gross profit for the nine months ended September 30, 2023, was approximately HKD 16.8 million, down about 39.1% from HKD 27.6 million in the same period last year[45] - The electronic products business contributed approximately HKD 127.3 million in revenue for the nine months ended September 30, 2023, a decrease of about 44.6% from HKD 229.6 million in the same period of 2022[39] - The construction design business saw its revenue drop from approximately HKD 6.1 million in 2022 to about HKD 1.7 million in 2023, a decline of approximately 72.1%[40] - The company reported other income of approximately HKD 2.4 million for the nine months ended September 30, 2023, down about 33.3% from HKD 3.6 million in the same period last year[46] Expenses and Costs - Administrative expenses for the third quarter of 2023 were HKD 14,632,000, a decrease from HKD 16,962,000 in the third quarter of 2022[8] - The company’s financial costs for the third quarter of 2023 were HKD 1,238,000, down from HKD 1,712,000 in the same period of the previous year[8] - Administrative expenses for the nine months ended September 30, 2023, were approximately HKD 41.2 million, a decrease of about HKD 7.7 million from HKD 48.9 million in the same period of 2022[48] - The company incurred a tax expense of approximately HKD 90,000 for the nine months ended September 30, 2023, compared to HKD 2.7 million in the same period of 2022[51] Foreign Exchange and Other Financial Metrics - The company experienced a foreign exchange loss of HKD 2,462,000 in the third quarter of 2023, compared to a gain of HKD 5,646,000 in the same quarter of 2022[10] - The company’s depreciation and amortization expenses for the nine months ended September 30, 2023, were HKD 3,387,000, compared to HKD 3,133,000 for the same period in 2022[26] Strategic Outlook - The company aims to improve operational efficiency and explore new market opportunities in the upcoming quarters[7] - The company plans to continue expanding its market presence and developing new products to enhance revenue streams in the upcoming quarters[12] - The company aims to restore share trading and strengthen its competitive position through innovation and customer-centric strategies[54] Shareholder Information - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[28] - The board has resolved not to declare any dividends for the nine-month period[70] - PT Design Group Holdings Limited holds 355,620,000 shares, representing 50.51% of the issued share capital of the company[60] Corporate Governance - The audit committee, consisting of independent non-executive directors, reviewed the financial reports and internal control procedures[73] - The company has complied with the corporate governance code as per GEM Listing Rules during the nine-month period[71] - The company has adopted a code of conduct for securities transactions by directors, ensuring compliance with the required standards[64] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the nine-month period[69] Miscellaneous - The company’s total assets as of September 30, 2023, were HKD 83,801,000, a decrease from HKD 114,615,000 as of January 1, 2023[12] - The company’s cash and cash equivalents as of September 30, 2023, were HKD 66,437,000, down from HKD 96,051,000 as of January 1, 2023[12] - The report will be published on the GEM website and the company's website for at least seven days from the date of publication[75] - The English version of the report will prevail in case of any discrepancies with the Chinese version[76] - The executive directors include Mr. Wang Lifeng (Chairman) and Mr. Fan Xiaoling[75] - The company completed the sale of subsidiaries in the financial services sector for a nominal consideration of HKD 1, marking its exit from the financial industry[36]
新华联合投资(08159) - 2024 Q1 - 季度业绩