Financial Performance - Revenue for the three months ended June 30, 2020, was HKD 22,571,000, a decrease of 29.5% compared to HKD 32,003,000 in the same period of 2019[21] - Gross profit for the same period was HKD 10,040,000, down 34.7% from HKD 15,383,000 year-on-year[21] - Operating profit decreased by 36.9% to HKD 6,279,000 from HKD 9,945,000 in the previous year[21] - Profit before tax was HKD 6,012,000, reflecting a decline of 13.6% compared to HKD 6,955,000 in 2019[21] - Net profit for the period was HKD 5,019,000, an 8.5% decrease from HKD 5,486,000 in the same quarter of 2019[21] - Profit attributable to owners of the company was HKD 4,988,000, down 11.5% from HKD 5,633,000 year-on-year[21] - Basic and diluted earnings per share for the period were HKD 1.04, a decrease of 11.1% from HKD 1.17 in the previous year[21] - Total comprehensive income for the period was HKD 5,419,000, slightly down from HKD 5,525,000 in the same quarter of 2019[31] - The company reported a foreign exchange gain of HKD 400,000 from the translation of financial statements of overseas subsidiaries[31] Revenue Breakdown - Sales of electronic payment terminals and related equipment amounted to HKD 6,865,000, down 54.4% from HKD 15,048,000 year-on-year[45] - Revenue from system support and software solution services was HKD 15,706,000, a decline of 7.4% compared to HKD 16,955,000 in the previous year[45] - The company recorded revenue of approximately HKD 22.6 million for the three months ended June 30, 2020, a decrease of about 29.4% compared to HKD 32.0 million in the same period of 2019[56] - Sales of electronic payment terminals and related equipment generated revenue of approximately HKD 6.9 million in the three months ended June 30, 2020, a significant decrease of about 54.0% from HKD 15.0 million in the same period of 2019[57] Cost and Expenses - The overall gross profit decreased to approximately HKD 10.0 million for the three months ended June 30, 2020, down about 35.1% from HKD 15.4 million in the same period of 2019[60] - The total income tax expense for the period was HKD 993,000, a decrease from HKD 1,469,000 in the same period of 2019[46] - Other administrative expenses decreased significantly to approximately HKD 2.5 million for the three months ended June 30, 2020, down about 35.9% from HKD 3.9 million in the same period of 2019[62] - The company's financing costs significantly reduced to approximately HKD 0.01 million for the three months ended June 30, 2020, compared to HKD 2.7 million in the same period of 2019[66] Shareholder Information - As of June 30, 2020, Mr. Lau holds a beneficial interest in 348,455,000 shares, representing 72.59% of the issued share capital of the company[82] - Ms. Lam, as Mr. Lau's spouse, is deemed to have an interest in the shares held by Mr. Lau, totaling 351,220,000 shares or 73.17% of the issued share capital[83] - The weighted average number of ordinary shares for the calculation of basic and diluted earnings per share remained constant at 480,000,000 shares for both periods[50] Corporate Governance - The company has adopted a strict code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules[97] - The board emphasizes high-quality governance, risk management, and transparency to enhance corporate value and protect shareholder interests[98] - The audit committee has reviewed the unaudited consolidated financial statements for the reporting period, confirming compliance with applicable accounting standards and GEM Listing Rules[106] - The company has established an audit committee, nomination committee, and remuneration committee in accordance with GEM Listing Rules[101] - The chairman and CEO roles are held by the same individual, which the board believes enhances effective business planning and decision-making[101] - The audit committee's main responsibilities include monitoring the integrity of financial statements and reviewing internal control systems[102] Future Outlook - The overall financial performance indicates a significant impact from market conditions, necessitating strategic adjustments moving forward[21] - The company continues to focus on the sales of electronic payment terminals and related services, despite the decline in revenue[45] - The rapid development of the digital payment market, particularly in QR code payments and e-wallet systems, is expected to provide significant growth opportunities for the sales of electronic payment terminals and related services[80] - The company anticipates potential adverse impacts on performance due to the economic downturn caused by COVID-19, which may lead to a decline in sales of electronic payment terminals and the number of terminals covered by system support services[80] - The company aims to enhance its capabilities and provide diversified, high-quality integrated services to further expand market share in the electronic payment terminal procurement and support industry[80] - The company will continue to provide customized software solutions to capture ongoing development opportunities in the electronic payment terminal market[79] - The company will closely monitor the situation regarding COVID-19 and inform shareholders of any significant developments[80] Dividend and Investments - The company did not recommend any dividend payment for the reporting period, consistent with the previous quarter[76] - The company had no major investments or acquisitions during the three months ended June 30, 2020[74] - The company has no significant capital expenditures or contingent liabilities as of June 30, 2020[72][73] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[107]
俊盟国际(08062) - 2021 Q1 - 季度财报