Financial Performance - Revenue for the first quarter of 2021 was HKD 26,886,000, representing a 19.1% increase from HKD 22,571,000 in 2020[28] - Gross profit for the same period was HKD 10,898,000, an 8.5% increase compared to HKD 10,040,000 in 2020[28] - Operating profit decreased by 10.5% to HKD 5,618,000 from HKD 6,279,000 in the previous year[28] - Profit before tax was HKD 5,618,000, down 6.6% from HKD 6,012,000 in 2020[28] - Net profit for the quarter was HKD 4,545,000, a decrease of 9.4% from HKD 5,019,000 in the same period last year[28] - Earnings attributable to shareholders were HKD 4,485,000, down 10.1% from HKD 4,988,000 in 2020[28] - Basic and diluted earnings per share were HKD 0.93, a decrease of 10.6% from HKD 1.04 in the previous year[28] - Total comprehensive income for the period was HKD 4,469,000, compared to HKD 5,419,000 in 2020[32] - The company reported other income of HKD 19,000, down from HKD 89,000 in the previous year[30] - Administrative expenses increased to HKD 5,019,000 from HKD 3,835,000 in 2020[30] Revenue Breakdown - Revenue from the sale of electronic payment terminals and related equipment increased to HKD 10,631,000, up 55.5% from HKD 6,865,000 in the same quarter of 2020[47] - Revenue from system support and software solution services rose to HKD 16,255,000, a slight increase of 3.5% compared to HKD 15,706,000 in the prior year[47] - Total revenue for the quarter reached HKD 26,886,000, representing a growth of 19.5% from HKD 22,571,000 in the same quarter of 2020[47] Tax and Expenses - The company incurred a total tax expense of HKD 1,073,000 for the quarter, an increase from HKD 993,000 in the previous year, marking an 8.1% rise[48] - Employee costs and director remuneration increased by approximately 11.5%, from HKD 5.2 million in 2020 to HKD 5.8 million in 2021, primarily due to higher salaries[65] - Other administrative expenses rose by approximately 36.0%, from HKD 2.5 million in 2020 to HKD 3.4 million in 2021, mainly due to increased legal and professional fees related to acquisitions[66] Acquisitions and Investments - The company completed the acquisition of 100% equity in a private company registered in Macau for approximately HKD 10.68 million on June 2021[77] - The company also acquired a property from directors for HKD 9.1 million, completed on May 3, 2021[77] Corporate Governance - The board does not recommend any dividend payment for the reporting period, with none for the three months ended June 30, 2020[79] - The company has not established any arrangements that would allow directors or senior management to hold any interests in the company's shares or related securities[94] - There are no reported interests in any competing businesses by directors or major shareholders as of the report date[95] - The company reported no significant transactions or contracts involving directors with substantial interests during the review period[96] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[100] - The board emphasizes high standards of corporate governance, risk management, and accountability to enhance corporate value[101] - The audit committee has reviewed the unaudited consolidated financial statements for the reporting period, ensuring compliance with applicable accounting standards[110] - The board consists of experienced directors, including independent non-executive directors, to maintain a balance of power[105] - The company has established an audit committee, nomination committee, and remuneration committee in accordance with GEM listing rules[105] - The chairman and CEO roles are held by the same individual, which the board believes is appropriate given the company's rapid development[105] Market Position and Strategy - The company continues to focus on expanding its market presence and enhancing its product offerings in the electronic payment sector[39] - The company maintains its leading position as an innovative electronic payment terminal solution provider in Hong Kong, focusing on sales of electronic payment terminals and related equipment[80] - The company has developed the "ESTIM" smart terminal management system, utilizing cloud technology for real-time monitoring and Over-The-Air (OTA) updates, enhancing service efficiency[82] - The company is expanding its transaction systems by collaborating with major local banks in Hong Kong to offer comprehensive payment solutions for merchants[82] - The company is actively enhancing its business in the Greater Bay Area and has provided system development services for a payment aggregator in Macau[83] - The company anticipates that the COVID-19 outbreak in Hong Kong may negatively impact its performance, particularly in sales of electronic payment terminals and related services[83] Shareholding Structure - As of June 30, 2021, Mr. Lau holds 348,455,000 shares, representing 72.59% of the issued share capital of the company[90] - Ms. Lam, as Mr. Lau's spouse, is deemed to have an interest in 351,220,000 shares, representing 73.17% of the issued share capital[90] Reporting and Compliance - The report will be published on the stock exchange and the company's website for at least 7 days from the publication date[112]
俊盟国际(08062) - 2022 Q1 - 季度财报