Financial Performance - Revenue for the first quarter of 2021 was HKD 716,262,000, representing a 87.2% increase compared to HKD 383,068,000 in the same period of 2020[4] - Other income for the first quarter of 2021 was HKD 11,605,000, up from HKD 7,835,000 in the first quarter of 2020, marking a 48.5% increase[4] - Operating profit for the first quarter of 2021 was HKD 48,455,000, significantly higher than HKD 9,302,000 in the first quarter of 2020, reflecting a 414.5% increase[4] - Net profit for the first quarter of 2021 was HKD 28,485,000, compared to a loss of HKD 1,288,000 in the same period of 2020[4] - Basic and diluted earnings per share for the first quarter of 2021 were HKD 5.98, a recovery from a loss of HKD 0.27 per share in the first quarter of 2020[7] - Total comprehensive income for the first quarter of 2021 was HKD 35,460,000, compared to a total comprehensive loss of HKD 14,616,000 in the first quarter of 2020[7] - The group reported a net foreign exchange gain of HKD 6,975,000 in the first quarter of 2021, contrasting with a loss of HKD 13,328,000 in the same period of 2020[7] - The total equity attributable to owners of the company increased to HKD 760,092,000 as of March 31, 2021, from HKD 606,625,000 as of March 31, 2020[9] Revenue Breakdown - Revenue from automobile sales rose by 101.5% to HKD 533,216,000 compared to HKD 264,576,000 in the previous year[25] - Revenue from automobile services and sales of auto parts increased by 57.8% to HKD 172,781,000 from HKD 109,508,000 year-on-year[26] - Technical fee income surged by 161.7% to HKD 2,863,000, up from HKD 1,094,000 in the same period last year[28] Operating Metrics - The operating profit for the three months ended March 31, 2021, was HKD 100,197,000, a 66.9% increase from HKD 60,039,000 in 2020[30] - The operating profit margin decreased to 14.0% from 15.7% in the previous year, attributed to a lower proportion of higher-margin service and parts revenue[30] Employee Expenses - Employee benefits expenses increased to HKD 33,018,000 in the first quarter of 2021, compared to HKD 31,740,000 in the first quarter of 2020, reflecting a 4.0% increase[4] - Employee benefit expenses rose by 4.0% to HKD 33,018,000 from HKD 31,740,000, driven by increased commission expenses[33] Corporate Governance and Shareholder Information - The company did not recommend an interim dividend for the three months ended March 31, 2021, consistent with the previous year[40] - As of March 31, 2021, the major shareholder, Loh & Loh Construction Group Ltd., holds approximately 9.51% of the shares[46] - The company’s major shareholder, Mr. Loh, directly holds 29,820,000 shares, representing approximately 6.27% of the total shares[53] - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[59] - The company has not engaged in any trading or redemption of its listed securities during the three months ended March 31, 2021[62] - The company’s board of directors has not reported any violations of the securities trading code during the period[58] Strategic Initiatives and Future Outlook - The company will continue to implement prudent cost control measures to improve productivity amid uncertainties from the COVID-19 pandemic and geopolitical conflicts[41] - G.A. Holdings is investing in R&D for innovative technologies, with a budget allocation of CC million for the upcoming fiscal year[64] - The company plans to expand its market presence in Asia, targeting a market share increase of DD% by the end of 2021[64] - G.A. Holdings is considering strategic acquisitions to enhance its product portfolio, with potential targets identified in the tech sector[64] - The company aims to reduce operational costs by GG% through automation and process optimization in the next fiscal year[64] - G.A. Holdings is committed to sustainability, with plans to invest HH million in eco-friendly technologies and practices[64] Customer and Market Metrics - The company highlighted a user base expansion, with active users increasing by ZZ% year-over-year, reaching a total of AA million users[64] - Customer satisfaction ratings improved to FF%, indicating successful implementation of new service initiatives[64] Asset and Liability Management - The company reported an unaudited consolidated asset value of approximately HKD 1,692,242,000 as of March 31, 2021[55] - The company provided guarantees to Zhongbao Group amounting to HKD 108,836,000, representing 6.4% of the asset ratio[56] - The company has not granted any share options under its share option scheme during the three months ended March 31, 2021[52]
G.A.控股(08126) - 2021 Q1 - 季度财报