Financial Performance - Revenue for the three months ended June 30, 2021, was approximately HK$5,531,000, representing a decrease of approximately 77% compared to the same period in the previous financial year[9]. - Gross profit for the same period was approximately HK$872,000, decreasing by approximately HK$265,000 compared to the previous year[9]. - Loss attributable to owners of the Company for the three months ended June 30, 2021, amounted to approximately HK$6,429,000, compared to a loss of HK$5,334,000 for the same period in 2020[9]. - Total comprehensive loss for the period was HK$8,399,000, compared to HK$6,038,000 in the previous year[16]. - The Group reported a loss before tax of HK$8,346,000 for the period[32]. - The unaudited consolidated loss for the three months ended 30 June 2021 attributable to owners of the Company was approximately HK$6,429,000, compared to HK$5,334,000 for the same period in 2020, indicating an increase in loss of approximately 20.6%[6]. - The basic loss per share from continuing operations for the three months ended 30 June 2021 was calculated based on an unaudited loss of approximately HK$6,429,000, compared to HK$3,481,000 for the same period in 2020, reflecting an increase of approximately 84.5%[6]. - The basic loss per share from discontinued operations for the three months ended 30 June 2021 was approximately HK$nil, compared to HK$1,853,000 for the same period in 2020, showing a significant reduction in loss[6]. Revenue Breakdown - The Group's revenue for the three months ended June 30, 2021, was HK$5,531,000, with external sales from the Gold and Jewellery Business contributing HK$5,161,000[28]. - For comparison, the revenue for the three months ended June 30, 2020, was HK$24,067,000, with external sales from the Gold and Jewellery Business at HK$23,897,000[35]. - The revenue from the Gold and Jewellery Business decreased by approximately HK$18,736,000 from approximately HK$23,897,000 for the three months ended June 30, 2020, to approximately HK$5,161,000 for the three months ended June 30, 2021[104]. Expenses - Selling expenses for the three months ended June 30, 2021, were HK$406,000, compared to HK$500,000 in the previous year[13]. - Administrative expenses increased to HK$9,094,000 from HK$5,513,000 in the previous year[13]. - Other income for the period was HK$136,000, down from HK$457,000 in the previous year[13]. - The segment results showed a profit of HK$162,000 from the Gold and Jewellery Business, a profit of HK$360,000 from the Lending Business, and a loss of HK$6,068,000 from the Fintech Business, resulting in an overall segment loss of HK$5,546,000[30]. Dividends and Equity - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2021[9]. - As of June 30, 2021, total equity amounted to approximately HK$75,081,000, down from HK$83,480,000 as of March 31, 2021[88]. - The Group's total equity amounted to approximately HK$75,081,000, representing a decrease of approximately 10% compared to HK$83,480,000 as of March 31, 2021[100]. Cash and Liquidity - Total cash and cash equivalents as of June 30, 2021, amounted to approximately HK$85,647,000, a decrease from HK$109,508,000 as of March 31, 2021[88]. - The current ratio as of June 30, 2021, was 9.13, compared to 16.41 as of March 31, 2021[100]. Business Operations - The Group's principal activities include trading and retailing of gold and jewellery, money lending, and fintech business[22]. - The Group's lending business in Hong Kong continued to grow, with outstanding loan receivables amounting to HK$40,436,000 as of June 30, 2021[105]. - The fintech business, initiated in 2019, has not generated revenue yet and incurred losses during the review period[108]. - The Group plans to strengthen the development of its fintech business, aiming to increase the user base and improve service quality and performance[115]. Corporate Governance - The company complied with all provisions of the Corporate Governance Code throughout the review period[149]. - The Company has established three committees: Remuneration Committee, Nomination Committee, and Audit Committee to oversee specific aspects of its affairs[153]. - The Audit Committee, formed on March 7, 2000, is responsible for reviewing the Group's financial reporting system, risk management, and internal control procedures[155]. Share Options and Ownership - As of June 30, 2021, Mr. Zhang Chunhua holds 834,851,294 shares, representing 57.29% of the company's issued share capital, and has a personal interest in an additional 57,098,000 shares, accounting for 3.92%[119]. - The total number of shares in the company issued as of June 30, 2021, is 1,457,238,414[122]. - The company has a share option scheme in place to provide incentives and rewards to eligible participants contributing to the group's success[125]. - The total number of share options exercised during the period was zero, indicating no options were exercised in the first quarter of 2021[137].
朗华国际集团(08026) - 2022 Q1 - 季度财报