Financial Performance - The company's revenue for the three months ended March 31, 2021, was HKD 18,306,000, representing a 11.9% increase from HKD 16,356,000 in the same period of 2020[4] - The total loss for the period was HKD 753,000, a significant improvement compared to a loss of HKD 1,649,000 in the same period of 2020, reflecting a reduction of approximately 54.4%[4] - Basic loss per share for the period was HKD 0.09, compared to HKD 0.21 for the same period in 2020, indicating a 57.1% improvement[4] - The total comprehensive expense for the period was HKD 790,000, down from HKD 1,665,000 in the same period of 2020, indicating a reduction of approximately 52.7%[4] - The group reported a total comprehensive loss of approximately HKD 790,000 for the three months ended March 31, 2021, compared to a loss of approximately HKD 1,665,000 for the same period in 2020, indicating a significant improvement[21] - Total net loss for the three months ended March 31, 2021, was approximately HKD 790,000, a reduction of about HKD 875,000 from a net loss of approximately HKD 1,665,000 for the same period in 2020, mainly attributed to increased revenue from the China business and Hong Kong recruitment services[38] Revenue Breakdown - Revenue from recruitment services in Hong Kong increased to HKD 9,863,000, up 5.8% from HKD 9,321,000 in 2020[13] - Revenue from recruitment services in China rose to HKD 2,077,000, a 66.4% increase from HKD 1,249,000 in 2020[13] - Revenue increased by approximately HKD 1,950,000 or 11.9%, from approximately HKD 16,356,000 for the three months ended March 31, 2020, to approximately HKD 18,306,000 for the same period in 2021[22] - Revenue from Hong Kong recruitment services rose by approximately HKD 2,894,000 or 41.5%, from approximately HKD 6,969,000 for the three months ended December 31, 2020, to approximately HKD 9,863,000 for the three months ended March 31, 2021[24] - Revenue from the financial services sector in Hong Kong increased by approximately HKD 482,000 or 19.8%, from approximately HKD 2,434,000 to approximately HKD 2,916,000 for the same period[24] - Revenue from the mainland China team increased by approximately HKD 828,000 or 66.3%, from approximately HKD 1,249,000 to approximately HKD 2,077,000 for the three months ended March 31, 2021[25] Expenses and Costs - The company's employee costs for the period were HKD 15,086,000, an increase from HKD 14,054,000 in the same period of 2020[4] - Employee costs for the three months ended March 31, 2021, were approximately HKD 15,086,000, accounting for about 82.4% of revenue, down from 85.9% in 2020[33] - Other expenses and losses increased by approximately HKD 108,000 to approximately HKD 3,891,000 for the three months ended March 31, 2021, primarily due to rent, rates, and depreciation[34] - Income tax expenses decreased by approximately HKD 36,000 or 33.6% to HKD 71,000 for the three months ended March 31, 2021, primarily due to a decline in estimated taxable profits from subsidiaries[37] - The company reported a financing cost of HKD 20,000, a decrease from HKD 46,000 in the same period of 2020[4] Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2021, consistent with the previous year[18] - The board did not recommend the payment of an interim dividend for the three months ended March 31, 2021[39] - Major shareholders KJE Limited and Caiden Holdings Limited each hold 600,000,000 shares, representing approximately 75% of the issued share capital[45] - No share options have been granted, exercised, cancelled, or lapsed since the adoption of the share option scheme on September 13, 2018, with no unexercised options as of March 31, 2021[49] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2021[51] - There were no arrangements made for directors to acquire shares or bonds of the company or its subsidiaries during the three months ended March 31, 2021[50] - No interests were held by directors or major shareholders in any business that directly or indirectly competes with the group during the three months ended March 31, 2021[52] Corporate Governance - The compliance advisor, Xiangjiang Capital Limited, was engaged on September 19, 2018, and the engagement period ended on March 31, 2021[54] - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the three months ending March 31, 2021[55] - The board has adopted the standard trading code for securities transactions as per GEM Listing Rules 5.48 to 5.67, confirming compliance for the three months ending March 31, 2021[56] - The Audit Committee, established on September 13, 2018, consists of three independent non-executive directors and has reviewed the unaudited condensed consolidated financial statements for the three months ending March 31, 2021[58] - The board of directors includes three executive directors and three independent non-executive directors as of May 12, 2021[60] Future Outlook - The group plans to focus on expanding its business in the Greater Bay Area, particularly in technology, consumption, and real estate sectors in Shenzhen and Guangzhou[29] - The group aims to enhance its internal marketing team to improve brand awareness and recognition through digital and social media platforms[32] - The management remains cautiously optimistic about the performance for the upcoming year, given the gradual improvement in the overall trade environment[28]
高奥士国际(08042) - 2021 Q1 - 季度财报