Financial Performance - For the three months ended March 31, 2021, the unaudited revenue was approximately HKD 17,453,000, an increase of 109.4% compared to approximately HKD 8,335,000 for the same period in 2020[4] - The group recorded an unaudited loss attributable to owners of the company of approximately HKD 2,627,000 for the three months ended March 31, 2021[5] - The gross profit for the three months ended March 31, 2021, was HKD 4,583,578, compared to HKD 1,556,455 for the same period in 2020[6] - The total comprehensive loss for the period was HKD 1,996,917, compared to HKD 3,997,693 for the same period in 2020[7] - Basic and diluted loss per share for the period was HKD 0.500, compared to HKD 0.777 for the same period in 2020[7] - Revenue from SIM card production increased to approximately HKD 17,400,000, more than doubling from approximately HKD 8,300,000 in the same period last year, primarily due to temporary factory closures caused by COVID-19[19] - Gross profit rose to approximately HKD 4,580,000, an increase of about HKD 3,020,000 or 193.6% from approximately HKD 1,560,000 in the same period last year[20] - The company reported a loss attributable to shareholders of approximately HKD 2,630,000, compared to a loss of approximately HKD 4,080,000 in the same period last year[26] Administrative Expenses - The group incurred administrative expenses of HKD 5,607,256 for the three months ended March 31, 2021, compared to HKD 4,871,768 for the same period in 2020[6] - Administrative expenses increased by approximately HKD 740,000 or 15.2% to about HKD 5,610,000, mainly due to increases in hospitality, employee costs, and miscellaneous expenses[24] Dividends and Tax - The board of directors did not recommend the payment of any interim dividend for the three months ended March 31, 2021[5] - The company did not declare any interim dividends for the three months ended March 31, 2021, consistent with the previous year[16] - The company did not incur any income tax expenses during the reporting period, similar to the same period last year[26] Equity and Financial Position - The total equity attributable to owners of the company as of March 31, 2021, was HKD 48,398,062[9] - As of March 31, 2021, the company had cash and bank balances of approximately HKD 3,900,000, down from approximately HKD 8,800,000 as of December 31, 2020[27] - The current ratio remained stable at 1.2 as of March 31, 2021, consistent with the ratio as of December 31, 2020[27] - The debt-to-capital ratio was 11.1% as of March 31, 2021, slightly down from 11.5% as of December 31, 2020[28] Share Options and Ownership - As of March 31, 2021, the company’s directors and key executives held a total of 14,850,000 share options, representing approximately 0.20 HKD per share[35] - Major shareholders include Golden Dice Co., Ltd. with 63,142,512 shares (12.02%) and Best Heaven Limited with 31,586,500 shares (6.01%)[33] - The company’s key executive, Wu Yujun, holds 100,000 shares and has a total beneficial interest of 4,500,000 shares, representing 0.88% of the issued share capital[29] - The company’s independent non-executive directors each hold 450,000 share options, representing 0.09% of the issued share capital[31] - The total number of share options available for exercise as of March 31, 2021, is 37,629,250[35] - The major shareholder, Cai Qiyuan, is deemed to have a beneficial interest in 94,729,012 shares, representing 18.03% of the company[33] - The company’s share options plan was approved on January 8, 2008, and all options granted are fully vested[35] - As of March 31, 2021, the company has no other known individuals or entities holding significant interests in its shares[34] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial controls and risk management[36] - The audit committee has reviewed and approved the unaudited financial results for the three months ending March 31, 2021[36] - The company has adhered to the GEM Listing Rules Appendix 15 corporate governance code, except for the separation of the roles of Chairman and CEO as stipulated in code A2.1[37] - The current structure allows the roles of Chairman and CEO to be held by the same individual, as the company believes it does not compromise the balance of power between the board and management[37] - The company has established an internal control system to ensure oversight and checks and balances[37] - The company has adopted a code of conduct for directors' securities transactions, which complies with the GEM Listing Rules[38] Other Information - The foreign exchange difference arising from the translation of financial statements of overseas operations was HKD 629,759 for the period[7] - No securities were purchased, sold, or redeemed by the company or its subsidiaries during the three months ended March 31, 2021[40] - As of March 31, 2021, no directors or management shareholders had any interests in businesses that directly or indirectly compete with the company[39]
品创控股(08066) - 2021 Q1 - 季度财报