Financial Performance - The group's revenue for the nine months ended December 31, 2023, was approximately HKD 9,773,000, a decrease of about 17% compared to HKD 11,818,000 for the same period in 2022[4] - The profit attributable to the owners of the company for the nine months ended December 31, 2023, was approximately HKD 1,328,000, down from HKD 3,386,000 in the same period of 2022[4] - The total comprehensive income attributable to the owners of the company for the nine months ended December 31, 2023, was approximately HKD 1,342,000, down from HKD 3,283,000 in the same period of 2022[11] - Basic earnings per share for the nine months ended December 31, 2023, were HKD 1,328,000, compared to HKD 3,386,000 for the same period in 2022, reflecting a significant decrease[21] - Total revenue for the nine months ended December 31, 2023, was HKD 9,773,000, a decrease of 17.3% compared to HKD 11,818,000 for the same period in 2022[17] - Service revenue from smart card systems, RFID, and IT services was HKD 2,640,000, down 21.7% from HKD 3,372,000 in the previous year[17] - Maintenance service income decreased to HKD 6,956,000, a decline of 14.5% from HKD 8,138,000 in the prior year[17] Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the nine months ended December 31, 2023[4] - The company did not declare an interim dividend for the nine months ended December 31, 2023, consistent with the previous year[20] Cost Management and Financial Outlook - The group maintains a cautious outlook due to a challenging business environment and is focused on rigorous financial measures to minimize costs and risks[8] - The group continues to adjust and improve its positioning to address current market difficulties and ensure long-term sustainable development[8] - Administrative expenses for the nine months ended December 31, 2023, were approximately HKD 6,075,000, compared to HKD 6,467,000 in the same period of 2022[11] - The current tax provision for the nine months ended December 31, 2023, was HKD 20,000, down from HKD 36,000 in the prior year[19] Corporate Governance - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 during the period ending December 31, 2023[34] - The board of directors is responsible for reviewing and monitoring the company's compliance with legal and regulatory requirements[35] - The company has implemented a set of rules for securities trading by directors, in compliance with GEM Listing Rules 5.48 to 5.67[37] - The board will continuously review the effectiveness of the corporate governance structure to assess the need for separating the roles of chairman and CEO[35] - There are currently no insurance arrangements for legal risks faced by directors, as the likelihood is considered very low[35] - The company has sufficient measures in place to achieve the objectives of the corporate governance code, despite the lack of specified terms for non-executive directors[35] - The board includes three executive directors and three independent non-executive directors as of the announcement date[38] Business Strategy - The group aims to become a leading provider of innovative technology products, solutions, and professional services in the market[6] - The group is committed to developing and applying innovative smart city solutions to meet the demands of smart cities and contribute to public health and sustainable development[6] - The company operates a single business segment focused on smart card systems, RFID, and IT services, indicating a concentrated market strategy[17] - There were no share buybacks during the period, maintaining a consistent approach to capital management[30] - The board of directors and management have not engaged in any arrangements that would allow them to benefit from purchasing the company's shares or debt securities[25] - The company has not adopted any new accounting standards or amendments that would significantly impact its financial statements[16]
ITE HOLDINGS(08092) - 2024 Q3 - 季度业绩