Financial Performance - The group's revenue for the three months ended June 30, 2020, was approximately HKD 220,856,000, compared to HKD 159,388,000 for the same period last year, representing a year-over-year increase of 38.5%[4] - The group's profit for the period was approximately HKD 5,263,000, up from HKD 4,211,000 in the previous year, indicating a growth of 25.0%[6] - Earnings attributable to equity holders of the company were approximately HKD 5,938,000, compared to HKD 5,085,000 in the prior year, reflecting an increase of 16.7%[4] - The basic earnings per share for the period was approximately HKD 0.14 cents, compared to HKD 0.12 cents in the previous year, marking a growth of 16.7%[10] - The gross profit for the period was HKD 18,123,000, slightly up from HKD 18,032,000 in the same period last year[6] - The total comprehensive loss for the period was HKD (21,780,000), compared to a gain of HKD 17,000 in the previous year[9] - The company did not recommend any dividend payment for the period, consistent with the previous year[4] - The company's total revenue for the period increased to approximately HKD 220,856,000, compared to HKD 159,388,000 in the same period last year, representing a growth of 38.5%[37] - The gross profit for the period was approximately HKD 18,123,000, slightly up from HKD 18,032,000 in the previous year, indicating a stable gross profit margin[37] - The net profit attributable to shareholders was approximately HKD 5,938,000, an increase from HKD 5,085,000 in the previous year, reflecting a growth of 16.8%[38] Expenses and Costs - Administrative expenses decreased to HKD (11,228,000) from HKD (12,231,000), showing a reduction of 8.2%[6] - Financial expenses increased to HKD (6,214,000) from HKD (5,270,000), representing a rise of 17.9%[6] - Administrative expenses decreased from HKD 12,200,000 in the previous year to approximately HKD 11,200,000, due to improved cost control and reduced travel expenses[38] - The total employee cost for the period was approximately HKD 4,100,000, compared to HKD 3,700,000 for the same period in 2019, reflecting an increase of about 10.81%[49] Assets and Liabilities - As of June 30, 2020, total assets were approximately HKD 1,878,546,000, up from HKD 1,717,144,000 as of March 31, 2020[40] - The debt-to-asset ratio was 1.92% as of June 30, 2020, a slight improvement from 2.15% as of March 31, 2020[40] - As of June 30, 2020, the group had pledged certain investment properties with a carrying value of approximately HKD 19,400,000 as collateral for borrowings[47] - The group reported no contingent liabilities as of June 30, 2020[48] Shareholder Information - The company plans to issue 80,000,000 subscription shares at HKD 0.13 per share, raising a total of HKD 10,400,000 for general working capital[41] - The company completed two subscription agreements on July 10 and July 17, 2020, issuing a total of 80,000,000 shares at HKD 0.13 per share, raising a total of HKD 10,400,000 for general working capital[50][51] - As of June 30, 2020, the major shareholder Liu Yi held 724,292,000 shares, representing approximately 17.14% of the issued share capital[56] Corporate Governance - The group did not have any significant investments, acquisitions, or disposals of subsidiaries or associates during the reporting period[46] - The group had no foreign exchange contracts or other financial derivatives for hedging purposes as of June 30, 2020[43] - The company has not granted any share options under its share option scheme since its adoption on October 18, 2011[59] - The group did not purchase, sell, or redeem any of its listed shares during the reporting period[61] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with the GEM listing rules, with no violations reported during the period[64] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial statements for the period and confirmed they were prepared in accordance with appropriate accounting standards[68] - The company changed its name from "China Ocean Fishing Holdings Limited" to "China Ocean Group Development Limited" in January 2020, with shareholder approval obtained[67] Strategic Focus - The company continues to focus on supply chain management services, leveraging strategic partnerships to enhance operational efficiency[35] - The management will actively seek new investment and business opportunities to expand revenue sources and enhance shareholder value[39] - The company aims to explore opportunities in deep-sea fishing business, leveraging the experience of its new management team[39] Employment - The group employed 75 staff members as of June 30, 2020, down from 159 staff members as of June 30, 2019, indicating a reduction of approximately 52.83%[49]
中国海洋发展(08047) - 2021 Q1 - 季度财报