Financial Performance - For the three months ended July 31, 2021, the group's revenue was approximately HKD 56.5 million, an increase of about 13.2% compared to approximately HKD 49.9 million in the same period of 2020[7] - The gross profit for the same period was approximately HKD 15.2 million, up about 11.8% from approximately HKD 13.6 million in the prior year[8] - The profit for the period was approximately HKD 9.1 million, representing an increase of about 54.2% compared to HKD 5.9 million in the same period of 2020[9] - The pre-tax profit for the period was HKD 11.2 million, compared to HKD 7.5 million in the same period of 2020[13] - The basic and diluted earnings per share for the period were HKD 1.82, compared to HKD 1.19 in the same period of 2020[13] - The total comprehensive income for the period was HKD 9.3 million, compared to HKD 7.7 million in the same period of 2020[13] - The company reported a net profit attributable to equity holders of HKD 9,046,000 for the three months ended July 31, 2021, compared to HKD 5,935,000 for the same period in 2020, reflecting a growth of 52.5%[45] Revenue Breakdown - For the three months ended July 31, 2021, the company's revenue from LED decorative lights was HKD 51,817,000, an increase of 7.4% compared to HKD 48,176,000 for the same period in 2020[33] - The revenue from LED lighting products was HKD 4,701,000, significantly up from HKD 1,692,000 in the previous year, representing a growth of 177.5%[33] - Total revenue for the three months ended July 31, 2021, was HKD 56,518,000, compared to HKD 49,868,000 for the same period in 2020, marking an overall increase of 13.3%[33] - Revenue from LED decorative light products for the same period was approximately HKD 51.8 million, an increase of about HKD 3.6 million or 7.5% compared to HKD 48.2 million in 2020[53] - Revenue from LED lighting products significantly increased to approximately HKD 4.7 million, a rise of about HKD 3.0 million or 176.5% compared to HKD 1.7 million in 2020[54] Expenses and Costs - The gross profit margin for the period was impacted by the cost of sales, which amounted to HKD 41,287,000, up from HKD 36,277,000 in the previous year[38] - The total tax expense for the period was HKD 2,034,000, an increase from HKD 1,556,000 in the previous year, indicating a rise of 30.7%[40] - Administrative expenses decreased to HKD 3.8 million from HKD 4.8 million in the previous year, aiding profit improvement[9] - Sales and distribution expenses increased to approximately HKD 0.7 million, up about HKD 0.1 million or 16.7% compared to HKD 0.6 million in 2020[57] - The company incurred research and development expenses of HKD 22,000, slightly down from HKD 24,000 in the previous year[38] Dividend and Shareholder Information - The board decided not to declare an interim dividend for the three months ended July 31, 2021, consistent with the previous year[10] - The company did not declare any dividends for the period, consistent with the previous year[39] - Real Charm Corp holds a beneficial interest of 234,000,000 shares, representing 46.8% of the company's ordinary shares[74] - Vanke Creation Co., Ltd. owns 30,000,000 shares, accounting for 6.0% of the company's ordinary shares[74] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended July 31, 2021[84] Corporate Governance - The company maintains high standards of corporate governance to build trust with shareholders and stakeholders[85] - There were no known conflicts of interest or competitive businesses involving directors or major shareholders during the reporting period[81] - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[85] - The board of directors confirmed compliance with trading standards during the three months ended July 31, 2021[86] - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended July 31, 2021[92] Future Outlook - The company plans to leverage tax incentives from its new production line in Cambodia to enhance competitiveness and stabilize export sales to North America amid trade tensions[50] - The company will continue to adopt a prudent and balanced risk management approach in the coming years[50] Share Option Scheme - The company has adopted a share option scheme effective from November 16, 2017, which is valid for 10 years[87] - No share options have been granted under the share option scheme since its adoption[88]
濠亮环球(08118) - 2022 Q1 - 季度财报