Financial Performance - For the first quarter of the fiscal year 2021, the company reported unaudited revenue of approximately HKD 13,400,000, a decrease of about 18.8% compared to HKD 16,500,000 in the first quarter of the fiscal year 2020[6]. - The company recorded a reported and underlying net profit of approximately HKD 1,900,000 for the first quarter of fiscal year 2021, compared to HKD 200,000 in the same period of fiscal year 2020[6]. - Basic and diluted earnings per share for the first quarter of fiscal year 2021 were HKD 0.20, compared to a loss of HKD 0.01 in the first quarter of fiscal year 2020[12]. - The company’s pre-tax profit for the first quarter of fiscal year 2021 was HKD 3,028,000, compared to HKD 1,220,000 in the first quarter of fiscal year 2020[10]. - The net profit attributable to the owners of the company for the first quarter of fiscal year 2021 was HKD 1,636,000, compared to a loss of HKD 101,000 in the first quarter of fiscal year 2020[10]. - The profit for the period was HKD 1,875,000, a significant increase from a profit of HKD 162,000 in the first quarter of the fiscal year 2020[14]. - The total comprehensive income amounted to HKD 2,893,000, compared to HKD 8,439,000 in the same period of the previous year, representing a decrease of approximately 65.7%[14]. Revenue Breakdown - The total revenue for the first quarter of the fiscal year 2021 was HKD 13,397,000, a decrease of 18.5% compared to HKD 16,494,000 in the first quarter of the fiscal year 2020[36]. - Revenue from corporate finance services was HKD 3,494,000, down 50.7% from HKD 7,145,000 in the previous year[46]. - Income from property investment increased by approximately 5.9% to about HKD 9,900,000 in the first quarter of the fiscal year 2021, compared to approximately HKD 9,300,000 in the same period of the previous year[74]. - Revenue from corporate finance services decreased by approximately 51.1% in the first quarter of the fiscal year 2021, primarily due to a drop in revenue from sponsorship services from about HKD 4,400,000 to approximately HKD 700,000[72]. Cost Management - The reduction in director remuneration and employee costs to approximately HKD 4,300,000 in the first quarter of fiscal year 2021, down from HKD 8,700,000 in the first quarter of fiscal year 2020, contributed to improved profitability[6]. - Total administrative and operating expenses decreased to HKD 6,639,000 in the first quarter of fiscal year 2021 from HKD 11,466,000 in the first quarter of fiscal year 2020[10]. - Total employee costs, excluding directors' remuneration, decreased to HKD 3,600,000 in the first quarter of fiscal year 2021 from HKD 4,053,000 in the same period last year, representing a reduction of approximately 11.2%[54]. - The company incurred property expenses of approximately HKD 3,000,000 in the first quarter of the fiscal year 2021, a decrease from about HKD 5,100,000 in the first quarter of the fiscal year 2020[74]. Dividends and Shareholder Information - The board of directors does not recommend the payment of any interim dividend for the first quarter of fiscal year 2021[7]. - The company did not declare or pay any dividends during the first quarter of fiscal year 2021, consistent with the previous year[55]. - Major shareholder Flying Castle Limited holds 557,200,000 shares, representing 69.6% of the company's issued share capital[93]. - Yuanta Asia Investment Limited owns 44,250,000 shares, accounting for 5.5% of the company's issued share capital[93]. Strategic Focus and Future Outlook - The company is focused on enhancing its investment strategies and exploring new market opportunities to improve future performance[14]. - The financial results indicate a need for strategic adjustments to address the decline in comprehensive income and enhance profitability moving forward[14]. - The company anticipates that its corporate finance service transaction volume will continue to be affected by uncertainties stemming from the COVID-19 pandemic and escalating tensions between the US and China, along with increased market competition[79]. - Despite the impact of the COVID-19 pandemic, residential rental rates and occupancy rates in Japan have remained relatively stable, and this trend is expected to continue[80]. Operational Metrics - The occupancy rate of the property portfolio in Japan remained stable at approximately 94.1% in the first quarter of the fiscal year 2021, compared to about 95.7% in the same period of the previous year[74]. - The company has a total of 26 investment properties in Hong Kong and 1 commercial unit in the first quarter of the fiscal year 2021[74]. - The company recorded a net foreign exchange gain of HKD 1,000 in the first quarter of fiscal year 2021, compared to a gain of HKD 122,000 in the same period last year[54]. Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules[107]. - The audit committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors, with Mr. Chen serving as the chairman[114]. - The audit committee's main responsibilities include reviewing and supervising the company's financial reporting processes and risk management systems[114].
浩德控股(08149) - 2021 Q1 - 季度财报