Financial Performance - Revenue for the first quarter ended June 30, 2019, was HKD 32,003,000, representing a 1.7% increase from HKD 31,472,000 in the same period of 2018[22] - Gross profit decreased by 17.2% to HKD 15,383,000 compared to HKD 18,586,000 in the previous year[22] - Operating profit fell by 18.1% to HKD 9,945,000 from HKD 12,146,000 year-on-year[22] - Profit before tax decreased by 37.2% to HKD 6,955,000, down from HKD 11,074,000 in the prior year[22] - Net profit for the period was HKD 5,486,000, a decline of 39.0% from HKD 8,997,000 in the same quarter of 2018[22] - Earnings per share (basic) decreased by 27.8% to HKD 1.17 from HKD 1.62 in the previous year[24] - The company reported a significant drop in profit attributable to owners, which was HKD 5,633,000, down 27.4% from HKD 7,760,000 in 2018[22] - Comprehensive income for the period totaled HKD 5,525,000, compared to HKD 9,041,000 in the same quarter of the previous year[29] - The group reported a total comprehensive income of HKD 5,486,000 for the three months ended June 30, 2019, compared to HKD 8,997,000 for the same period in 2018, reflecting a decline of 39.5%[35] Revenue Sources - For the three months ended June 30, 2019, the company's revenue from the procurement of electronic payment terminals and related equipment was HKD 15,048,000, a decrease of 11.3% compared to HKD 16,955,000 for the same period in 2018[46] - Revenue from system support and software solution services decreased by approximately 11.9%, from HKD 19.3 million in 2018 to HKD 17.0 million in 2019[61] - Revenue from the procurement of electronic payment terminals and related equipment increased significantly by approximately 24.0%, from HKD 12.1 million in 2018 to HKD 15.0 million in 2019[61] Expenses and Costs - The company incurred no share-based payment expenses during the quarter, contrasting with HKD 1,372,000 in the same period of 2018[22] - The group’s operating expenses for the three months ended June 30, 2019, were HKD 26,534,000, compared to HKD 25,000,000 for the same period in 2018, indicating an increase of 6.1%[46] - The cost of goods sold and services increased by approximately 28.7%, from HKD 12.9 million in 2018 to HKD 16.6 million in 2019, mainly due to rising salary and subcontracting costs[62] - Other administrative expenses increased by approximately 25.8%, from HKD 3.1 million in 2018 to HKD 3.9 million in 2019, mainly due to rising legal and professional fees[66] - The financing costs rose sharply from approximately HKD 0.7 million in 2018 to HKD 2.7 million in 2019, attributed to the issuance of HKD 194.0 million in commercial paper[68] Tax and Liabilities - The income tax expense for the period was HKD 1,469,000, down from HKD 2,077,000 in the previous year, representing a decrease of 29.3%[49] - As of June 30, 2019, the group's net current liabilities were approximately HKD 4.1 million, compared to net current assets of approximately HKD 85.3 million in 2018[73] - The group's cash and cash equivalents as of June 30, 2019, were approximately HKD 32.0 million, an increase from approximately HKD 25.1 million in 2018[73] Corporate Governance - The board did not recommend any dividend payment for the reporting period, consistent with the previous year[81] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[102] - The audit committee, established on November 23, 2016, is responsible for monitoring the integrity of the company's financial statements[106] - The company emphasizes high standards of corporate governance, risk management, and accountability to enhance shareholder value[103] - The audit committee has reviewed the unaudited consolidated financial statements for the reporting period, confirming compliance with applicable accounting standards[107] Strategic Focus - The company continues to focus on expanding its electronic payment services despite the decline in profits[26] - The company plans to expand its market presence in Australia and Macau, focusing on enhancing its electronic payment solutions[41] - The group aims to expand its market share in the electronic payment terminal sector and enhance its service offerings to meet the needs of a cashless society[84] - The group has maintained stable revenue levels in the electronic payment industry, supported by strong relationships with manufacturers of electronic payment terminals and related equipment[85] Shareholding and Management - The group holds 72% of its shares, with Mr. Lau and Ms. Lam collectively owning 345.6 million shares[90] - As of June 30, 2019, Mr. Lau holds all issued shares of LCK, representing a significant interest in the company[94] - No other individuals, excluding directors or senior management, disclosed any interests in the company's shares or related securities as of June 30, 2019[95] - During the reporting period, there were no rights granted or exercised by directors or senior management to purchase shares or related securities of the company[96] - The company has not entered into any significant contracts with its controlling shareholders during the reporting period[100] - The board of directors includes experienced individuals, ensuring a balance of power despite Mr. Lau serving as both Chairman and CEO[105]
俊盟国际(08062) - 2020 Q1 - 季度财报