Financial Performance - For the three months ended June 30, 2021, the group recorded unaudited total revenue of approximately HKD 21.3 million, an increase of approximately 85.2% compared to HKD 11.5 million for the same period in 2020[8]. - The group reported an unaudited profit attributable to owners of the company of approximately HKD 5.5 million, representing an increase of approximately 319.0% from HKD 1.3 million for the same period in 2020[8]. - The operating profit for the three months ended June 30, 2021, was HKD 6.5 million, compared to HKD 1.7 million for the same period in 2020[9]. - The basic and diluted earnings per share for the period were HKD 0.55, compared to HKD 0.13 for the same period in 2020[9]. - Gross profit for the three months ended June 30, 2021, was HKD 12.1 million, up from HKD 6.1 million for the same period in 2020[9]. - The total comprehensive income attributable to owners of the company for the period was HKD 5.8 million, compared to HKD 1.5 million for the same period in 2020[9]. - The company's revenue for the three months ended June 30, 2021, was HKD 21,322,000, representing an increase of 85.5% compared to HKD 11,508,000 for the same period in 2020[21]. - Sales of LED lighting devices amounted to HKD 17,128,000, up from HKD 8,073,000, indicating a growth of 112.7% year-over-year[21]. - The gross profit before income tax for the three months ended June 30, 2021, was HKD 5,464,000, compared to HKD 1,304,000 for the same period in 2020, reflecting a significant increase of 319.5%[33]. - The profit attributable to the company's owners for the three months ended June 30, 2021, was approximately HKD 5.5 million, compared to HKD 1.3 million for the same period in 2020[38][44]. - Gross profit increased by approximately HKD 6.0 million or 98.4% to approximately HKD 12.1 million for the three months ended June 30, 2021, with a gross margin rising from approximately 52.7% to 56.9%[40]. Expenses and Costs - Administrative expenses for the period were HKD 5.8 million, slightly increased from HKD 5.6 million in the previous year[9]. - Employee benefits expenses, including director remuneration, totaled HKD 5,394,000, slightly up from HKD 5,364,000 in the prior year[27]. - The company incurred financing costs of HKD 44,000 for lease liabilities, a decrease from HKD 53,000 in the previous year[24]. - The total income tax expense for the three months ended June 30, 2021, was HKD 1,033,000, compared to HKD 358,000 for the same period in 2020, marking an increase of 187.5%[28]. - Income tax expenses rose by approximately HKD 0.6 million or 150% to approximately HKD 1.0 million for the three months ended June 30, 2021, due to increased revenue from subsidiaries in Hong Kong and China[43]. - The sales cost increased by approximately HKD 3.8 million or 70.4% to approximately HKD 9.2 million for the three months ended June 30, 2021, aligning with the revenue increase[40]. Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2021, and found them compliant with applicable accounting standards and GEM listing rules[67]. - The board is committed to maintaining high levels of corporate governance to enhance transparency and protect shareholder interests[62]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with trading standards[58]. - The company has established an audit committee to oversee financial reporting processes and internal control procedures[67]. - The company has not identified any competing businesses or conflicts of interest involving its directors or major shareholders[59]. - The company maintained sufficient public float as of the report date[64]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the three months ended June 30, 2021[61]. - There were no significant subsequent events occurring after the reporting period and up to the report date[63]. Business Strategy and Outlook - The company aims to become a leading LED lighting solutions provider in Asia, leveraging financial resources from its 2018 IPO to expand its customer base and establish its own factory for cost savings[46]. - The company anticipates continued growth in 2021 despite uncertainties and challenges posed by the COVID-19 pandemic, particularly in terms of transportation restrictions[46]. - The company has taken all possible emergency measures to mitigate the impact of the pandemic on its operations[46]. - The company operates primarily in the sale of LED lighting devices and audio-visual systems, providing integrated LED lighting solutions and maintenance services[15]. - The company has no independent operational segment financial data due to resource integration, reporting overall business performance instead[20]. Dividends and Shareholder Returns - The group did not recommend the payment of an interim dividend for the three months ended June 30, 2021[8]. - The company does not recommend the payment of an interim dividend for the three months ended June 30, 2021, consistent with the previous year[35][45]. Leadership and Management - The company’s chairman and CEO roles are held by the same individual, which the board believes benefits the group's business outlook and operational efficiency[62]. - The company did not grant any stock options under the stock option plan since its adoption[57].
英马斯集团(08136) - 2022 Q1 - 季度财报