Financial Performance - Revenue for the three months ended June 30, 2020, was HKD 15,955,000, a decrease of 2% compared to HKD 16,284,000 for the same period in 2019[7] - Gross profit for the same period was HKD 8,918,000, down from HKD 9,062,000, reflecting a gross margin of approximately 55.8%[7] - Operating profit increased to HKD 4,704,000, representing a 31.7% increase from HKD 3,571,000 in the previous year[7] - Profit before tax rose to HKD 4,238,000, up 31.7% from HKD 3,216,000 year-on-year[7] - Total comprehensive income for the period was HKD 3,624,000, compared to HKD 2,859,000 in the same quarter of 2019, marking a 26.7% increase[7] - Basic earnings per share for the period was HKD 0.30, down from HKD 0.38 in the previous year[7] - The group reported a net profit attributable to owners of the company of HKD 3.62 million for the three months ended June 30, 2020, compared to HKD 2.86 million for the same period in 2019, representing an increase of approximately 26.7%[28] - Basic earnings per share for the three months ended June 30, 2020, was based on a weighted average of 1,221,053 shares, compared to 760,000 shares for the same period in 2019[30] Expenses and Costs - Administrative expenses decreased to HKD 4,855,000 from HKD 5,318,000, indicating a reduction of 8.7%[7] - Other income increased significantly to HKD 644,000 from HKD 234,000, showing a growth of 175.2%[7] - The company reported a decrease in financial costs to HKD 466,000 from HKD 355,000, reflecting an increase of 31.3%[7] - Financial costs increased to approximately HKD 0.47 million for the three months ended June 30, 2020, compared to HKD 0.36 million in the same period in 2019, primarily due to additional interest expenses from new bank loans[37] - The group’s income tax expense increased to approximately HKD 0.6 million for the three months ended June 30, 2020, from HKD 0.4 million in the same period in 2019, in line with the increase in profit before tax[40] Equity and Shareholder Information - The total equity as of June 30, 2020, was HKD 50,048,000, an increase from HKD 46,424,000 at the beginning of the period[9] - A total of 227,679,850 shares were issued at a price of HKD 0.19 per share, raising approximately HKD 43.2 million from the share offering[47] - Of the funds raised, approximately HKD 24.7 million will be used for professional fees related to the listing and underwriting commission, while HKD 18.5 million will be allocated for general working capital[47] - As of June 30, 2020, the company’s major shareholder, Mr. Chan, holds a 70.00% equity interest in the company[49] - Whistle Up Limited, owned by Mr. Chan, holds 854,736,842 shares, representing 70.00% of the total equity[54] Corporate Governance and Compliance - The company has established an audit committee to oversee financial reporting and compliance, consisting of three independent non-executive directors[69] - The company confirmed compliance with the GEM Listing Rules and corporate governance code during the reporting period[65] - The board of directors has adopted a code of conduct for securities trading, ensuring compliance with relevant regulations[63] - There were no rights to subscribe for shares exercised by directors or their close associates during the reporting period[60] Market and Strategic Outlook - The group aims to achieve sustainable growth and strengthen its competitiveness in the Hong Kong interior design industry[43] - The company plans to maintain and strengthen its market position in Hong Kong, enhance brand awareness, and increase marketing efforts[45] - The company aims to recruit talent and enhance internal training to support future growth[45] - The company is committed to leveraging its competitive advantages to seize opportunities in the market[45] - The Hong Kong residential market remains resilient despite recent social events and the COVID-19 outbreak, supported by relatively low mortgage rates and ongoing demand[45] Impact of COVID-19 - The financial performance of the group has been impacted by the outbreak of COVID-19, with ongoing preventive measures in place in mainland China and Hong Kong[70] - The company will continue to monitor the potential impact of COVID-19 and local social events on its business[45] - The company will continue to monitor the impact of COVID-19 on its financial condition and performance[71] Other Information - The company did not recommend any dividend payment for the three months ended June 30, 2020[66] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended June 30, 2020[61] - No stock options were granted, exercised, canceled, or forfeited during the three months ending June 30, 2020, and there are no unexercised stock options as of that date[58] - No trading of the company's listed securities occurred during the three months ended June 30, 2020[62] - The chairman and CEO roles are currently held by the same individual, which the board believes enhances leadership effectiveness[65]
客思控股(08173) - 2021 Q1 - 季度财报