Financial Performance - For the three months ended June 30, 2022, the group recorded revenue of approximately HKD 124.6 million, an increase of approximately HKD 26.0 million or 26.3% compared to the same period in 2021[3]. - The net profit attributable to the owners of the company for the same period was approximately HKD 16.3 million, an increase of approximately HKD 6.5 million or 66.2% compared to HKD 9.8 million in the prior year[4]. - The gross profit for the three months ended June 30, 2022, was HKD 23.4 million, compared to HKD 16.6 million in the same period of 2021[8]. - The pre-tax profit for the period was HKD 19.5 million, compared to HKD 11.8 million for the same period in 2021[8]. - Basic earnings per share for the three months ended June 30, 2022, was HKD 5.82, compared to HKD 3.50 in the prior year[8]. - The total equity as of June 30, 2022, was HKD 207.2 million, an increase from HKD 170.3 million as of June 30, 2021[11]. - The company's revenue increased by approximately 26.3% from about HKD 98.7 million for the three months ended June 30, 2021, to about HKD 124.6 million for the three months ended June 30, 2022, primarily due to increased sales of products such as Clearwater brand scallops and Japanese sashimi scallops[44]. - The net profit for the three months ended June 30, 2022, was approximately HKD 16.3 million, compared to about HKD 9.8 million for the same period in 2021, indicating a significant increase in profitability[39]. Revenue Breakdown - Revenue from crab and roe was HKD 13.26 million for the three months ended June 30, 2022, up from HKD 10.07 million in the same period of 2021, representing a growth of 31.8%[24]. - Revenue from shrimp products reached HKD 31.30 million for the three months ended June 30, 2022, compared to HKD 27.98 million in the previous year, marking an increase of 11.8%[24]. - The company reported a total revenue of HKD 124.63 million for the three months ended June 30, 2022, with major contributions from frozen seafood resellers and food service providers[27]. - The company’s revenue from external customers was HKD 100.57 million from Hong Kong, HKD 10.13 million from Macau, and HKD 13.73 million from mainland China for the three months ended June 30, 2022[28]. Costs and Expenses - The cost of goods sold for the three months ended June 30, 2022, was approximately HKD 101.3 million, an increase of about 23.5% compared to HKD 82.0 million for the same period in 2021[45]. - Gross profit for the three months ended June 30, 2022, was approximately HKD 23.4 million, a 40.4% increase from HKD 16.6 million for the same period in 2021, with a gross margin of 18.7%, up 1.8 percentage points from 16.9%[46]. - Sales and distribution costs remained stable at approximately HKD 2.7 million for both the three months ended June 30, 2022, and 2021, representing 2.1% and 2.7% of total revenue, respectively[48]. - Administrative expenses for the three months ended June 30, 2022, were approximately HKD 2.0 million, a slight increase of about 1.3% from HKD 1.9 million for the same period in 2021[49]. - Financial costs increased from approximately HKD 16,000 for the three months ended June 30, 2021, to approximately HKD 22,000 for the same period in 2022[50]. - Tax expenses for the three months ended June 30, 2022, were approximately HKD 3.26 million, an increase of about 64.7% from HKD 1.98 million for the same period in 2021[51]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2022[5]. - The company did not recommend the payment of an interim dividend for the period[35]. - The basic earnings per share for the three months ended June 30, 2022, was calculated based on a profit attributable to owners of HKD 16.29 million, with a weighted average number of ordinary shares of 280 million[36]. Corporate Governance and Compliance - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards applicable to interim financial reporting[17]. - The company did not disclose any new product developments, market expansions, or mergers and acquisitions during the reporting period[20]. - The company has adopted trading guidelines for directors in compliance with GEM Listing Rules, and all directors confirmed adherence to these guidelines since the listing date[72]. - The company has complied with the corporate governance code since its listing on October 19, 2017[76]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2022, and found them compliant with applicable accounting standards and GEM Listing Rules[79]. Future Outlook and Challenges - The company anticipates ongoing challenges due to uncertainties related to the COVID-19 pandemic but remains committed to cost-saving measures and evaluating the impact on operations and financial performance[40]. - The company has established sales agency arrangements with several new overseas suppliers and will continue to seek exclusive agency agreements to enhance its product offerings[43]. Other Information - The company did not report any significant investments, acquisitions, or disposals for the three months ended June 30, 2022[57]. - No purchase, sale, or redemption of the company's listed securities occurred during the three months ended June 30, 2022[70]. - No competition or conflict of interest was reported among directors or major shareholders during the three months ended June 30, 2022[71]. - No stock options were granted, exercised, expired, or lapsed under the stock option plan during the three months ended June 30, 2022[73]. - As of June 30, 2022, the company's total equity attributable to owners was approximately HKD 207.2 million, up from HKD 190.9 million as of March 31, 2022[55]. - The company's debt-to-equity ratio as of June 30, 2022, was approximately 0.3%, down from 0.5% as of March 31, 2022[56].
大洋环球控股(08476) - 2023 Q1 - 季度财报