Financial Performance - Revenue for the three months ended June 30, 2021, was HK$16,205,000, a slight increase of 1.76% compared to HK$15,925,000 for the same period in 2020[8]. - Gross profit for the same period was HK$2,720,000, down 15.6% from HK$3,224,000 in 2020[8]. - Loss before tax for the period was HK$3,430,000, compared to a loss of HK$2,028,000 in the previous year, indicating a deterioration of 69.4%[9]. - Total comprehensive loss attributable to owners of the Company for the period was HK$3,431,000, an increase from HK$2,028,000 in 2020[9]. - Basic and diluted loss per share for the period was HK$0.02, compared to HK$0.03 for the same period last year[9]. - Other income for the period was HK$267,000, a decrease of 13.06% from HK$307,000 in 2020[8]. - The Group recorded a loss for the period of approximately HK$3.4 million, an increase in loss of approximately HK$1.4 million compared to HK$2.0 million for the same period in 2020[89]. Revenue Breakdown - The Group's revenue includes income from fitting out and engineering services, design and procurement of furnishings, rental and installation services from leasing construction equipment, sale of fine wines, interest income from money lending, and commission income from brokerage services[26]. - Revenue from design, fitting out, and engineering services decreased to HK$8,746,000, down 14.5% from HK$10,231,000 year-over-year[29]. - Revenue from leasing of construction equipment increased significantly to HK$3,325,000, up 92.3% from HK$1,729,000 in the previous year[29]. - Sale of fine and rare wines generated revenue of HK$3,991,000, representing an increase of 5.8% compared to HK$3,773,000 in 2020[29]. - Revenue from public housing maintenance, improvement, and vacant flat refurbishment works amounted to approximately HK$4 million, representing about 46.4% of the segment revenue for the current period[92]. Expenses and Costs - Administrative expenses increased to HK$6,230,000 from HK$5,233,000, reflecting a rise of 19.1%[8]. - Total salaries and wages included in cost of sales for the three months ended June 30, 2021, amounted to HK$420,000, up from HK$221,000 in 2020, marking an increase of 90.0%[48]. - Depreciation of property, plant, and equipment for the three months ended June 30, 2021, was approximately HK$1,761,000, compared to HK$926,000 for the same period in 2020, representing an increase of 90.0%[49]. - The Group's gross rental income less outgoings showed a loss of HK$194,000 for the three months ended June 30, 2021, compared to a loss of HK$163,000 in 2020, indicating a worsening in rental performance[48]. Compliance and Governance - The unaudited financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and comply with GEM Listing Rules[14]. - The Company is focused on maintaining compliance with regulatory requirements while navigating market challenges[13]. - The Group has adopted new/revised Hong Kong Financial Reporting Standards effective from 1 April 2021, but these have had no material effect on the financial statements[21]. - The auditor's report for the consolidated financial statements for the year ended 31 March 2021 was unqualified, indicating no significant issues were raised[19]. - The Company has established an audit committee, a remuneration committee, a nomination committee, and a compliance committee[167]. Shareholder Information - As of June 30, 2021, Hong Kong ChaoShang Group Limited holds 38,309,600 shares, representing approximately 24.44% of the issued shares[139]. - The total number of shares available for issue under the share option scheme is 3,000,000 shares, which is 10% of the issued shares as of the listing date[148]. - No share options have been granted by the company since the adoption of the share option scheme[150]. - The subscription price for shares subject to options will not be less than the highest of the closing price on the date of grant or the average closing price for the preceding five trading days[143]. Future Outlook - The Group expects the wine merchandising business to provide a stable income stream and maintain steady operations[103]. - The Group aims to broaden and strengthen the income stream from its design, fitting out, and engineering services business[96]. - The Group is in the process of assessing the potential impact of new/revised HKFRSs on future financial statements[25].
中新控股(08125) - 2022 Q1 - 季度财报