2022-11-14-港交所-惠陶集团_第三季度报告2022_19页_6mb

Company:

• Winto Group (Holdings) Limited
• Operates primarily in publications/distribution, online print advertising sales, billboard advertising sales & sourcing agency, exhibitions/events promotion

Market:

• Listed on Hong Kong GEM (Growth Enterprise Market).
• Targeted at small/mid-sized companies with potentially higher investment risks.

Investor Advisory:

• Highlights risks: higher investment risk, potential high market volatility, possibility of less liquid market for securities on GEM compared to the Main Board. Stakeholders must conduct thorough due diligence.

Financial Results (Unaudited Condensed Consolidated):

• Revenue Q3/Q9 2022 (YTD): HK$31.737M vs HK$43.650M (YoY -27.8%) in Q3, mainly due to slowdowns caused by COVID-19 infections and lockdowns/restrictions in the Guangdong-Hong Kong-Macau Greater Bay Area.
• Cost of Sales: Down to HK$8.674M vs HK$16.621M (YoY significant decrease), largely aligned with revenue decrease.
• Gross Profit: Down to HK$23.063M vs HK$27.029M (YoY -14.7%), mainly due to lower sales volumes and reduced advertising/exhibition service revenue.
• Operating Expenses: Increased slightly (mostly due to share placement related costs).
• Profit/(Loss) attributable to company owners (2022 Q9): HK$12.476M vs HK$16.584M (2021 Q9), primarily driven by decrease in revenue/gross profit and increased operating expenses. Earnings per share (basic/diluted): HK$2.50 vs HK$3.84.

Business Review & Financial Outlook:

• Continues focus on core business (publications/advertising publications, online print advertising, billboards, exhibitions).
• Significant challenges anticipated due to ongoing COVID-19 pandemic impact, particularly Omicrist-variant outbreaks and related government measures in key markets like the GBA.
• Strategy includes tighter control over operating costs (regular review).
• Identified additional challenges include potential changes to Macau's Gaming Law that could impact Macau's economy and relevant industries (e.g., tourism).
• Management remains cautiously optimistic overall.

Regulatory Information:

• Management Discussion & Analysis (MD&A) follows HKFRS and GEM Listing Rules.
• Financial statements subject to significant accounting estimates/judgements.
• Audit Committee established and reviewed the unaudited financial results. Unaudited results have not been reviewed/supervised by auditors.
• Company governance requires full responsibility for the content under the GEM Listing Rules.
• Includes details on substantial shareholders (Source Creation International Limited is the controlling shareholder).

Disclaimer:

• Hong Kong Exchanges and Clearing Ltd. and the GEM Listing Board disclaim all responsibility and liability for loss arising from the report's content under applicable law.