Financial Performance - For the three months ended June 30, 2020, the group recorded unaudited total revenue of approximately HKD 11.5 million, a decrease of about 33.9% compared to HKD 17.4 million for the same period in 2019[7]. - The unaudited profit attributable to the owners of the company for the three months ended June 30, 2020, was approximately HKD 1.3 million, down approximately 55.2% from HKD 2.9 million in the same period of 2019[7]. - Gross profit for the three months ended June 30, 2020, was HKD 6.1 million, compared to HKD 9.8 million for the same period in 2019, reflecting a decrease of approximately 38.5%[8]. - Operating profit for the three months ended June 30, 2020, was HKD 1.7 million, down from HKD 4.3 million in the same period of 2019, representing a decline of approximately 59.8%[8]. - Total comprehensive income attributable to owners of the company for the three months ended June 30, 2020, was HKD 1.5 million, down from HKD 2.1 million in the same period of 2019[8]. - Revenue from the sale of LED lighting devices decreased to HKD 8.1 million from HKD 15.6 million, reflecting the impact of the COVID-19 pandemic[20][35]. - Sales cost decreased by approximately HKD 2.2 million or 28.9% to about HKD 5.4 million for the three months ended June 30, 2020, compared to HKD 7.6 million for the same period in 2019[36]. - Gross profit fell by approximately HKD 3.7 million or 37.8% to about HKD 6.1 million for the three months ended June 30, 2020, with a gross margin decline from approximately 56.5% to 52.7%[36]. - Net profit for the three months ended June 30, 2020, was approximately HKD 1.3 million, down from about HKD 2.9 million for the same period in 2019[40]. Dividend and Earnings Per Share - The board of directors did not recommend the payment of an interim dividend for the three months ended June 30, 2020[7]. - The company did not declare an interim dividend for the three months ended June 30, 2020, consistent with the previous year[32]. - The basic and diluted earnings per share for the three months ended June 30, 2020, were HKD 0.13, compared to HKD 0.29 for the same period in 2019[8]. - The company reported a basic earnings per share of HKD 0.0013, down from HKD 0.0029 in the previous year[31]. Administrative and Other Expenses - The group’s administrative expenses for the three months ended June 30, 2020, were HKD 5.6 million, slightly lower than HKD 5.7 million for the same period in 2019[8]. - Employee benefits expenses, including director remuneration, increased to HKD 5.4 million from HKD 4.6 million year-on-year[26]. - The company incurred financing costs of HKD 53,000 related to lease liabilities for the period[24]. - The tax expense for the period was HKD 358,000, a decrease from HKD 1.4 million in the same period last year[27]. - Administrative expenses decreased by approximately HKD 0.1 million or 1.8% to about HKD 5.6 million for the three months ended June 30, 2020[38]. - Income tax expenses decreased by approximately HKD 1.0 million or 71.4% to about HKD 0.4 million for the three months ended June 30, 2020[39]. Impact of COVID-19 - The financial results reflect the company's ongoing challenges due to the pandemic, impacting both revenue and profit margins[35]. - The COVID-19 pandemic has significantly impacted global economic activities, particularly in China, affecting the company's sales and operational costs[37]. - The company is regularly assessing the overall impact of the pandemic on its operations and has implemented emergency measures to mitigate these effects[42]. - The company anticipates that the pandemic will continue to affect its business throughout 2020[42]. Shareholding and Corporate Governance - Eight Dimensions holds 260,000,000 shares, representing 26% ownership in the company[51]. - Garage Investment owns 490,000,000 shares, accounting for 49% of the company's equity[51]. - Mr. Yang indirectly holds 260,000,000 shares through Eight Dimensions, which is wholly owned by him[52]. - No stock options have been granted under the stock option plan since its adoption[54]. - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[55]. - There were no purchases, sales, or redemptions of the company's listed securities during the three months ending June 30, 2020[57]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ending June 30, 2020, confirming compliance with applicable accounting standards[64]. - The company maintains sufficient public float as of the report date[63]. - There have been no significant subsequent events reported after the reporting period[62]. - The board believes the current structure does not undermine the balance of power between the board and management[61].
英马斯集团(08136) - 2021 Q1 - 季度财报