Financial Performance - Revenue for the first quarter was HKD 19,450,000, a decrease of 28.8% compared to HKD 27,303,000 in the same period last year[5] - Gross profit for the quarter was HKD 1,431,000, compared to a gross loss of HKD 15,122,000 in the previous year, indicating a significant improvement[5] - Operating loss for the quarter was HKD 4,466,000, reduced from HKD 18,074,000 year-over-year, showing a 75.3% decrease in losses[5] - The total comprehensive loss for the period was HKD 4,178,000, significantly lower than HKD 18,282,000 in the same quarter last year[6] - Basic loss per share was HKD 0.06, improved from HKD 0.21 in the previous year[5] - Other income for the quarter was HKD 1,069,000, down from HKD 2,835,000 year-over-year[5] - Administrative expenses increased to HKD 6,651,000 from HKD 5,209,000, reflecting a rise of 27.7%[5] - The loss attributable to owners of the company for the period was approximately HKD 3,996,000, compared to a loss of HKD 14,254,000 in the same period of 2018[17] Revenue Segmentation - Revenue from the swimwear and apparel segment was approximately HKD 12,871,000, with a gross profit margin of 8%, compared to a gross loss margin of 244% in the same period of 2018[23] - Revenue from the trading and online shopping segment was approximately HKD 6,355,000, with a gross profit margin of 3%, compared to HKD 20,968,000 and a margin of 0.74% in the same period of 2018[24] - Revenue from the lending segment was approximately HKD 224,000, maintaining a gross profit margin of 100%[25] Corporate Governance - The company has adopted a code of conduct for directors' securities transactions, complying with GEM Listing Rules[48] - The company has maintained high levels of corporate governance, adhering to the GEM Listing Rules[46] - No directors or major shareholders have disclosed any competing business interests as of September 30, 2019[43] - The audit committee has reviewed the unaudited performance for the three months ending September 30, 2019[45] Strategic Focus - The company continues to focus on the production and sale of high-end swimwear and apparel products, as well as online shopping and media-related services[11] - The company is actively seeking new customers and product opportunities to improve performance in the swimwear and apparel segment due to intense market competition[29] - The company plans to invest more resources in the trading and online shopping segment, particularly in the second-hand mobile phone trade[29] - The company continues to implement effective cost control measures to optimize its business cost structure[27] Shareholder Information - As of September 30, 2019, major shareholders include Mr. Liu with 1,490,741,995 shares (21.83%), JL Investments Capital Limited with 1,416,741,995 shares (20.75%), and Big Good Management Limited with 1,350,533,845 shares (19.78%)[36] - The total issued share capital as of March 31, 2019, was 6,828,772,313 shares, which serves as the basis for percentage calculations[37] - Big Good holds 2,417,699,999 shares, representing 35.40% of the issued share capital[38] - The company did not repurchase any shares during the reporting period[42] - The company has not purchased or sold any shares during the reporting period[42] Compliance and Conduct - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2019, with no significant impact on the financial statements[13] - The exercise price for share options is determined by the board and cannot be lower than the highest of the closing price on the date of the offer or the average closing price over the preceding five trading days[34] - The company is not aware of any incidents related to employees violating the code of conduct[49] Announcement - The announcement is made by Liu Jinfa, Chairman of Huicui International (Holdings) Limited[50]
荟萃国际(控股)(08041) - 2020 Q1 - 季度财报