Financial Performance - For the three months ended June 30, 2023, the Group's revenue was approximately HK$19.3 million, a decrease of 0.7% compared to HK$19.4 million for the same period in 2022[11]. - The Group recorded a loss of approximately HK$4.5 million for the Period, compared to a loss of approximately HK$3.7 million for the preceding period[11]. - The Group recorded a loss of approximately HK$4.5 million and total comprehensive expenses of about HK$5.6 million for the period, compared to a loss of approximately HK$3.7 million and total comprehensive expenses of about HK$1.1 million in the same period last year, indicating an increase in loss primarily due to a decrease in gross profit margin from the advertising services business[27][28]. - For the three months ended June 30, 2023, total revenue was HK$19,250,000, a decrease of 0.65% from HK$19,376,000 in the same period of 2022[95]. - The company reported a loss of HK$4,825,000 for the period ended June 30, 2023, compared to a loss of HK$3,533,000 for the same period in 2022[90]. - For the three months ended June 30, 2023, the loss attributable to owners of the Company was HK$4,511,000, compared to a loss of HK$3,533,000 for the same period in 2022[106]. - Total comprehensive expense for the period attributable to owners of the company was HK$5,643,000, significantly higher than HK$1,065,000 in the previous year, indicating a substantial increase in overall expenses[80]. - Gross profit for the period was HK$1,575,000, down from HK$4,756,000 in the previous year, indicating a decline of approximately 66.8%[81]. Revenue Breakdown - Advertising service income decreased to HK$17,125,000 from HK$19,376,000, representing a decline of 11.6% year-over-year[95]. - The new energy battery segment recorded revenue of approximately HK$2.1 million during the Period from contracts for high-power batteries for golf carts in the PRC[19]. - Sales of new energy batteries generated HK$2,125,000 in revenue, with no sales reported in the same period of 2022[95]. - Other income for the period was HK$331,000, compared to HK$4,000 in the previous year, indicating a significant increase[96]. Expenses and Cost Management - The gross profit margin for the advertising services business decreased to approximately 8.2%, down from approximately 24.7% in the corresponding period last year[12]. - The Group's administrative expenses decreased by approximately 25.7% to approximately HK$5.8 million, compared to approximately HK$7.9 million for the same period last year[23]. - Staff salaries and emoluments decreased by approximately 54.4% to approximately HK$1.2 million, down from approximately HK$2.5 million in the same period last year[23]. - Employee benefit expenses decreased to HK$2,072,000 in Q2 2023 from HK$2,512,000 in Q2 2022, representing a reduction of approximately 17.5%[100]. - Finance costs increased by approximately 39.8% to approximately HK$471,000 for the Period, compared to approximately HK$337,000 for the corresponding period last year[25]. Strategic Actions and Investments - The Company completed the disposal of its new energy vehicle segment on July 7, 2023, for a consideration of HK$3,650,000[17]. - On July 7, 2023, the Group entered into a sale and purchase agreement to sell 100% equity interest in Glory Ray Global Limited for HK$3,650,000, allowing the Group to realign its business strategy towards new energy-related segments and focus on new battery technology[35][37]. - The Group acquired Hainan Weishi New Energy Technology Company Limited, focusing on super-fast charging batteries, on November 25, 2022[18]. - The Company acquired Jiading Global Limited on June 26, 2023, for a consideration of HK$1, with goodwill arising from the acquisition amounting to HK$1,115,000[113]. - The Group did not engage in any significant investments, acquisitions, or disposals of subsidiaries or associated companies during the period, except as disclosed in the financial statements[32]. Future Outlook - The Group anticipates improved prospects for the advertising business in 2023 due to a better macroeconomic environment and market conditions[36][38]. - The new energy battery sector is expected to grow significantly, with the Group aiming to seize market opportunities through acquisitions and collaborations, as well as further investments in research and development[36][40]. - The Group has continued to invest significantly in research and development to enhance product offerings and maintain a competitive edge in the market[40][41]. - The Group is well positioned to capitalize on the growing demand for new energy batteries, particularly in the PRC, supported by a strong brand reputation and experienced management team[41][43]. Corporate Governance and Compliance - The company has complied with all code provisions set out in the Corporate Governance Code for the three months ended June 30, 2023[63]. - The Audit Committee reviewed the unaudited first quarterly report and confirmed compliance with applicable accounting standards and GEM Listing Rules[73]. - The company has adopted a code of conduct regarding directors' securities transactions, which has been complied with by all directors for the three months ended June 30, 2023[68]. - There were no interests in any competing businesses held by directors or management shareholders during the review period[64]. - No directors or chief executives had any interests or short positions in the shares of the company as of June 30, 2023[50]. Shareholder Information - As of June 30, 2023, Mr. Mou Zhongwei holds 153,500,000 shares, representing 10.04% of the total shares[48]. - Ms. Liu Ching Man holds 2,340,000 shares, representing 0.15% of the total shares[48]. - Mr. Li Guangying holds 6,000,000 shares, representing 3.92% of the total shares[48]. - Ms. Wang Dongmei holds 9,926,000 shares, representing 0.64% of the total shares[48]. - Ms. Liu Ying holds 10,100,000 shares, representing 0.66% of the total shares[48]. - Mr. Mu Ruifeng holds 12,340,000 shares, representing 0.80% of the total shares[48]. - The total number of shares available for issue under the share option scheme as of June 30, 2023, is 152,845,630 shares[60]. - The weighted average number of ordinary shares in issue for the three months ended June 30, 2023, was 1,528,456,000, an increase from 1,018,971,000 in the same period of 2022[106]. Taxation and Dividends - The current tax expense for the three months ended June 30, 2023, was HK$121,000, compared to HK$234,000 in the same period of 2022, indicating a decrease of approximately 48.7%[103]. - The Company does not recommend the payment of a dividend for the three months ended June 30, 2023, consistent with the previous year[112].
嘉鼎国际集团(08153) - 2024 Q1 - 季度财报