Financial Performance - Revenue for the nine months ended September 30, 2023, was HKD 962,652,000, representing a 38.1% increase from HKD 697,073,000 in the same period of 2022[5] - Profit attributable to owners of the company for the nine months ended September 30, 2023, was HKD 48,081,000, a decrease of 4.7% compared to HKD 50,454,000 in 2022[5] - Basic earnings per share for the nine months ended September 30, 2023, was 6.12 HK cents, down 11.6% from 6.92 HK cents in the previous year[5] - Revenue for the three months ended September 30, 2023, was HKD 411,230,000, an increase from HKD 346,810,000 in the same period of 2022, representing a growth of 18.5%[20] - Profit for the three months ended September 30, 2023, was HKD 37,826,000, up from HKD 33,064,000 in the same period of 2022, representing an increase of 14.5%[20] - The total comprehensive income for the nine months ended September 30, 2023, was HKD 54,734,000, down from HKD 59,010,000 in the same period of 2022, reflecting a decrease of 7.7%[20] Revenue Breakdown - The energy storage business generated revenue of HKD 257,716,000 for the nine months ended September 30, 2023, compared to HKD 140,987,000 in 2022, reflecting an increase of 83%[13] - Revenue from photovoltaic film increased significantly to HKD 255,471,000 for the nine months ended September 30, 2023, from HKD 28,388,000 in the same period of 2022[13] - The EPC services revenue decreased by 21.8% from HKD 470.0 million to HKD 367.6 million year-on-year[48] - Revenue from energy storage business increased to HKD 257.7 million for the nine months ended September 30, 2023, compared to HKD 141.0 million for the same period in 2022[58] - Revenue from photovoltaic film increased to HKD 255.5 million for the nine months ended September 30, 2023, compared to HKD 28.4 million for the same period in 2022[65] Government Support - Government grants received for the nine months ended September 30, 2023, amounted to HKD 62,987,000, compared to HKD 3,203,000 in 2022[16] - The company has received significant support from the Chinese government for operational costs and R&D, totaling approximately HKD 61,240,000 for the nine months ended September 30, 2023[17] - Other income for the nine months ended September 30, 2023, primarily included government subsidies related to the production and sale of photovoltaic film in China[68] Expenses and Costs - Gross profit for the nine months ended September 30, 2023, was HKD 121,059,000, down from HKD 140,639,000 in the same period of 2022, reflecting a decrease of 14%[20] - The cost of revenue increased to HKD 841.6 million for the nine months ended September 30, 2023, from HKD 556.4 million for the same period in 2022, in line with revenue growth[66] - Administrative expenses increased to HKD 91.1 million for the nine months ended September 30, 2023, from HKD 55.5 million for the same period in 2022, mainly due to increased employee benefits and R&D expenses[76] Shareholder Information - The company has a total of 393,466,542 shares held by concert parties, representing approximately 50.10% of the issued share capital[78] - The total number of shares held by concert parties associated with Datuk Wira Dong Qingbo is 502,343,417, which is 63.97% of the issued share capital[88] - The company has a significant concentration of ownership, with major shareholders holding over 68% of the issued share capital collectively[84] - The company has granted a total of 2,200,000 share options under the share option scheme as of September 30, 2023[116] Corporate Governance - The company has established an audit committee to review and supervise the financial reporting process and risk management[110] - The company has complied with the corporate governance code as per GEM listing rules during the nine months ended September 30, 2023[108] - There are no reported interests or positions held by directors or controlling shareholders in any competing businesses as of September 30, 2023[101] - The company has ensured that there is no competitive business overlap with Xinyi Solar Holdings Limited, which is controlled by certain directors and shareholders[107] Dividends - The company did not recommend any dividend for the nine months ended September 30, 2023, compared to no dividend in the same period of 2022[40] - The board does not recommend the payment of dividends for the nine months ended September 30, 2023, consistent with the previous year[102]
信义储电(08328) - 2023 Q3 - 季度业绩