Financial Performance - For the three months ended June 30, 2019, the group recorded unaudited total revenue of approximately HKD 17.4 million, an increase of about 15.7% compared to HKD 15.0 million for the same period in 2018[9]. - The group reported an unaudited profit attributable to owners of the company of approximately HKD 2.9 million, representing an increase of approximately 786.5% from HKD 0.3 million for the same period in 2018[9]. - The gross profit for the three months ended June 30, 2019, was HKD 9.8 million, compared to HKD 7.3 million for the same period in 2018, indicating a significant improvement in profitability[10]. - The basic and diluted earnings per share for the three months ended June 30, 2019, were HKD 0.29 cents, compared to HKD 0.03 cents for the same period in 2018[10]. - The net profit before tax for the three months ended June 30, 2019, was HKD 4.3 million, compared to HKD 1.6 million for the same period in 2018[10]. - The total comprehensive income attributable to owners of the company for the three months ended June 30, 2019, was HKD 2.1 million, compared to a loss of HKD 0.4 million for the same period in 2018[10]. - The company reported a profit of HKD 2,881,000 for the three months ended June 30, 2019, compared to HKD 325,000 for the same period in 2018, representing a significant increase[12]. - Revenue for the three months ended June 30, 2019, was HKD 17,376,000, up 15.1% from HKD 15,017,000 in the same period of 2018[20]. - The total comprehensive income for the period was HKD 2,118,000, compared to a loss of HKD 441,000 in the same period of 2018[12]. Costs and Expenses - Administrative expenses for the three months ended June 30, 2019, were HKD 5.7 million, slightly down from HKD 5.8 million in the previous year[10]. - The group’s direct costs for the three months ended June 30, 2019, were HKD 7.6 million, slightly down from HKD 7.7 million in the previous year[10]. - The cost of goods sold for the three months was HKD 6,504,000, slightly down from HKD 6,538,000 in the previous year[22]. - Employee benefits expenses totaled HKD 4,624,000, a marginal decrease from HKD 4,644,000 in the same period last year[23]. - The company incurred a tax expense of HKD 1,377,000 for the three months, compared to HKD 1,254,000 in 2018, reflecting a 9.8% increase[24]. - Direct costs decreased by approximately HKD 0.1 million or 1.4% to about HKD 7.6 million, attributed to negotiated price reductions with suppliers[30]. Dividends and Equity - The board of directors did not recommend the payment of an interim dividend for the three months ended June 30, 2019[9]. - The company’s total equity increased to HKD 65,804,000 as of June 30, 2019, up from HKD 60,019,000 a year earlier[12]. - The company does not recommend the payment of an interim dividend for the three months ended June 30, 2019, consistent with the previous year[26][35]. Market Position and Strategy - The company continues to focus on the sales of LED lighting devices and integrated solutions, indicating a stable market position[19]. - The company aims to become a leading LED lighting solutions provider in Hong Kong and plans to expand its customer base and establish its own factory to reduce costs[36]. - The ongoing US-China trade war poses uncertainties for the business, particularly due to increased metal prices affecting LED lighting costs[36]. - The company is exploring alternative sources for LED chips from Japan and South Korea to mitigate risks associated with US suppliers[36]. - The increasing wealth of Chinese residents is expected to attract luxury brands, providing opportunities for the company to penetrate the Chinese market further[37]. - The company maintains a cautious optimism regarding future growth supported by capital markets and global trends towards energy efficiency and environmental protection[37]. Shareholding and Governance - Eight Dimensions holds a beneficial interest of 260,000,000 shares, representing 26% of the company's equity[41]. - Garage Investment also holds a beneficial interest of 490,000,000 shares, representing 49% of the company's equity[41]. - A total of 750,000,000 shares, accounting for 75% of the issued share capital, are collectively held by Eight Dimensions and Garage Investment under a concert party agreement[43]. - The company has not granted any options under the share option scheme since its adoption on December 22, 2017[45]. - The board has established a compliance advisor, Huifu Finance Limited, which has declared its independence[49]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2019, ensuring compliance with applicable accounting standards[55]. - The company maintains sufficient public float as of the report date[54]. - There have been no significant subsequent events following the reporting period[53]. - The board believes that the current structure does not undermine the checks and balances between the board and management[52]. - The company has adopted the corporate governance code as per GEM listing rules, with a commitment to high levels of corporate governance[50].
英马斯集团(08136) - 2020 Q1 - 季度财报