Financial Performance - The Group's revenue for the three months ended June 30, 2022, amounted to approximately HK$19,061,000, representing an increase of approximately 244% compared to the same period in the previous financial year[8]. - The Group's gross profit for the same period was approximately HK$1,364,000, increasing by approximately HK$492,000 compared to the previous year[8]. - Loss attributable to owners of the Company for the three months ended June 30, 2022, amounted to approximately HK$7,603,000, compared to HK$6,429,000 for the same period in 2021[8]. - Total comprehensive loss for the period was approximately HK$10,903,000, compared to HK$8,399,000 for the same period in the previous year[16]. - Basic and diluted loss per share for the period was HK(0.52), compared to HK(0.44) for the same period in 2021[16]. - The Group reported a loss before tax of approximately HK$10,413,000 for the three months ended June 30, 2022, compared to HK$8,346,000 in the previous year[13]. - The Group recorded a loss of approximately HK$10,413,000 for the three months ended June 30, 2022, compared to a loss of approximately HK$8,346,000 for the same period in 2021[120]. - The Group reported an unaudited consolidated loss of approximately HK$7,603,000 for the three months ended 30 June 2022, compared to a loss of HK$6,429,000 for the same period in 2021, indicating an increase in loss of approximately 18.3%[5]. Revenue Breakdown - The Group's revenue for the period was HK$19,061,000, with external sales from the Gold and Jewellery Business contributing HK$17,935,000, the Lending Business contributing HK$647,000, and the Fintech Business contributing HK$479,000[30]. - Revenue from the Gold and Jewellery Business increased by approximately HK$12,774,000, from approximately HK$5,161,000 for the three months ended 30 June 2021 to approximately HK$17,935,000 for the three months ended 30 June 2022, primarily due to increased wholesale of golden jewellery products in the PRC[128]. - The segment results indicated that the Gold and Jewellery Business generated a profit of HK$93,000, while the Lending Business reported a loss of HK$8,346,000, and the Fintech Business had a loss of HK$2,317,000[30]. Expenses - Administrative expenses for the three months ended June 30, 2022, were approximately HK$11,421,000, an increase from HK$9,094,000 in the previous year[13]. - Selling expenses decreased to HK$36,000 from HK$406,000 in the previous year[13]. - Cost of sales increased from approximately HK$4,659,000 for the three months ended June 30, 2021, to approximately HK$17,697,000 for the three months ended June 30, 2022, leading to a decrease in overall gross profit margin from approximately 15.8% to 7.2%[115][118]. Dividends and Equity - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2022[8]. - Total equity as of June 30, 2022, amounted to approximately HK$64,236,000, down from HK$75,139,000 as of March 31, 2022[120]. - As of June 30, 2022, the Group's total equity was approximately HK$64,236,000, a decrease of about 14% compared to HK$75,139,000 as of March 31, 2022[124]. Cash and Liquidity - Total cash and cash equivalents as of June 30, 2022, were approximately HK$88,243,000, a decrease from HK$92,144,000 as of March 31, 2022, primarily due to operating losses[120]. - The current ratio as of June 30, 2022, was 1.39, compared to 1.63 as of March 31, 2022, while the quick ratio was 1.31, also down from 1.63[124]. - The Group's treasury activities are centralized, and cash is generally placed in deposits with banks to achieve better cost control[120]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[169]. - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of financial reporting and risk management[175]. - The Remuneration Committee is responsible for recommending remuneration policies for all Directors and senior management[175]. - The Nomination Committee formulates nomination policies and assesses the independence of independent non-executive Directors[177]. - All Directors confirmed compliance with the required standards of dealings regarding securities transactions during the review period[168]. Share Options and Ownership - As of June 30, 2022, the Company had 1,457,238,414 shares issued[7]. - Mr. Zhang Chunhua held a 57.29% interest in the Company through a controlled corporation, along with a personal interest of 3.92%[139]. - The current share option scheme, effective for 10 years from September 10, 2021, aims to incentivize eligible participants[149]. - The total number of share options granted during the period was 34,700,000, with an exercise price of HK$0.33 per share[159]. - The company had no share options exercised during the reported period[159]. Business Development and Strategy - The Group continued to develop its Gold and Jewellery Business, focusing on wholesale and related ancillary services, with a strategy to identify more jewellery wholesaler customers in South China[126]. - The Group aims to increase sales to high-end corporate customers, which primarily purchase or customize jewellery as corporate gifts or awards[126]. - The Group plans to periodically review the market situation and profitability of its fintech business, adjusting business volume according to market demands[132]. - The Group aims to strengthen the development of its fintech business, increase user base, and improve service quality and performance in the future[134]. - The Group will consider further expansion in the lending business while closely monitoring market conditions and the external economic environment[130].
朗华国际集团(08026) - 2023 Q1 - 季度财报