Financial Performance - The Group's revenue for the Period amounted to approximately HK$17.7 million, a significant increase from approximately HK$5.1 million for the Preceding Period, representing a growth of approximately 247%[9] - The Group recorded a profit for the Period of approximately HK$0.2 million, compared to a loss of approximately HK$4.0 million for the Preceding Period, marking a turnaround in financial performance[13] - Gross profit increased to approximately HK$6.2 million for the Period from approximately HK$0.5 million for the Preceding Period, representing an increase of approximately 1,263%[11] - The cost of sales and services increased to approximately HK$11.5 million for the Period from approximately HK$4.7 million for the Preceding Period[11] - Administrative expenses for the Period increased to approximately HK$5.6 million from approximately HK$2.0 million for the Preceding Period, indicating a focus on operational growth[11] - The basic and diluted profit per share for the Period were HK cents 0.0033, compared to basic and diluted loss per share of HK cents 0.08 for the Preceding Period[13] - Revenue for the three months ended June 30, 2021, was HK$17,692,000, a significant increase of 244% compared to HK$5,137,000 in the same period of 2020[63] - Gross profit for the same period was HK$6,232,000, compared to HK$457,000 in 2020, reflecting a substantial increase[63] - The company reported a profit before income tax of HK$242,000, a turnaround from a loss of HK$3,970,000 in the previous year[63] - Profit per share attributable to owners of the company was HK$0.0033, compared to a loss per share of HK$0.08 in the same period last year[63] - The total comprehensive income for the period was HK$242,000, compared to a total comprehensive loss of HK$3,970,000 in 2020[63] Business Strategy and Development - The Group plans to enhance its advertising business by providing one-stop advertising packages to retain existing clients and attract new ones[16] - The establishment of an in-house production team has significantly reduced production costs, improving the gross profit margin of the advertising business[16] - The Group expects the economy to gradually recover due to the implementation of COVID-19 vaccination programs, which may positively impact its business operations[16] - The Group anticipates a gradual economic recovery due to the implementation of COVID-19 vaccination plans, aiming to enhance competitiveness in the advertising business through a one-stop advertising package[18] - The Group plans to focus on the sales of new energy electric vehicles as a key strategic development direction, addressing urban air pollution and traffic congestion issues[24] - The Group aims to enhance production capacity by establishing manufacturing bases and considering acquisitions or collaborations with established manufacturers to meet the growing demand for electric vehicles[26] - The Group intends to strengthen its design and engineering teams by hiring experienced talents and collaborating with reputable international automotive brands to increase vehicle competitiveness[26] - Following the successful launch of its flagship "new energy electric vehicle" model in September 2020, the Group plans to expand its sales network and brand awareness through overseas expansion and market campaigns[26] - The Group has expressed interest in investing in a prestigious Italian automobile manufacturer to leverage technology and expertise in developing electric vehicles[26] - The consumption market for new energy vehicles in China is expected to maintain steady growth, with an increasing market share for new energy vehicles[22] - The Group aims to build a strong local reputation by providing quality services to meet the needs of potential clients across various industries[18] - The management will continue to explore solid operating strategies and other business opportunities to enhance returns to stakeholders amid the challenges posed by the COVID-19 pandemic[20] Corporate Governance and Compliance - The Audit Committee reviewed the unaudited first quarterly report and confirmed compliance with applicable accounting standards and GEM Listing Rules[60] - The Company has complied with all code provisions of the Corporate Governance Code for the three months ended June 30, 2021, except for the notice period for board meetings[50] - No interests in competing businesses were reported by Directors or management shareholders during the three months ended June 30, 2021[56] - The share option scheme was adopted on March 27, 2020, and will remain in force for 10 years[48] - The share option scheme mandate limit was refreshed to 10% of the issued shares at the date of the special general meeting held on March 27, 2020[48] - The Company has no arrangements for Directors to acquire rights in any other corporate entities[39] - No other persons had interests or short positions in the Shares or underlying Shares of the Company as recorded in the register[45] Share Capital and Options - As of 30 June 2021, the number of issued ordinary shares of the Company was 7,141,423,920 shares, unchanged from 31 March 2021[15] - As of June 30, 2021, the number of shares available for issue under the share option scheme was 490,239,192 shares[49] - No share options have been granted under the share option scheme as of the date of this report[49] - The company did not recommend the payment of a dividend for the three months ended June 30, 2021, consistent with the previous year where no dividend was declared[96] Financial Statements and Accounting - The financial statements were reviewed by the Audit Committee and approved for issue by the Board on August 13, 2021[72] - The company is incorporated in Bermuda and its shares are listed on the GEM of the Stock Exchange[72] - The financial statements are presented in Hong Kong dollars and rounded to the nearest thousands (HK$'000)[72] - The company has adopted accounting policies consistent with those followed in the preparation of its annual financial statements for the year ended March 31, 2021[75] - Employee benefit expenses for the three months ended June 30, 2021, totaled HK$1,737,000, an increase from HK$1,319,000 in the same period of 2020, reflecting a rise of approximately 31.6%[85] - Finance costs for the three months ended June 30, 2021, were HK$421,000, a decrease from HK$2,411,000 in the same period of 2020, representing a reduction of approximately 82.5%[84] - The current tax for Hong Kong profits tax was calculated at a rate of 16.5% based on estimated assessable profits, with a two-tiered profits tax regime applicable[88] - No PRC Enterprise Income Tax has been provided for the three months ended June 30, 2021, as per the relevant income tax rules and regulations of the PRC[88] - The company reported a gain on exchange of HK$1,000 for the three months ended June 30, 2021, compared to no gain in the same period of 2020[81] - The depreciation of right-of-use assets for the three months ended June 30, 2021, was HK$220,000, an increase from HK$31,000 in the same period of 2020, indicating a rise of approximately 610%[85]
嘉鼎国际集团(08153) - 2022 Q1 - 季度财报