Financial Performance - The company recorded unaudited revenue of approximately HKD 18,070,000 for the three months ended June 30, 2021, a decrease of about 46.41% compared to the same period last year[3]. - The unaudited loss attributable to owners of the company for the same period was approximately HKD 1,210,000, compared to a loss of HKD 250,000 in the same period of 2020[3]. - Basic and diluted loss per share for the three months ended June 30, 2021, was HKD 1.06, compared to HKD 0.49 (restated) for the same period in 2020[3]. - Total comprehensive loss for the period was HKD 4,242,000, which includes a foreign exchange loss of HKD 3,028,000[6]. - The group reported a pre-tax loss of HKD 1,219,000 for the period, compared to a loss of HKD 1,214,000 in the previous year[22]. - The group incurred an operating loss of HKD 3,407,000 during the period[22]. - The gross profit margin decreased from approximately 31.81% for the three months ended June 30, 2020, to 10.47% for the same period in 2021, primarily due to a reduction in sales of high-margin dishes in the restaurant business[53]. Revenue Breakdown - Revenue from electronic product sales reached HKD 11,202,000 for the three months ended June 30, 2021, compared to HKD 9,618,000 in 2020, representing a growth of 16.5%[19]. - Revenue from restaurant operations increased to HKD 6,870,000 in Q2 2021, up from HKD 2,725,000 in Q2 2020, marking a significant increase of 152.5%[19]. - Total revenue for the group was HKD 18,072,000 for the three months ended June 30, 2021, compared to HKD 12,343,000 in the same period of 2020, reflecting an overall growth of 46.5%[19]. - Revenue from Hong Kong was HKD 7,156,000 in Q2 2021, up from HKD 3,142,000 in Q2 2020, indicating a growth of 128.3%[30]. - Revenue from other Asian countries (excluding Hong Kong) was HKD 8,022,000 in Q2 2021, compared to HKD 6,255,000 in Q2 2020, an increase of 28.3%[30]. - Revenue from the electronic products segment for the three months was approximately HKD 11,200,000, an increase of about 16.47% compared to the same period in 2020[49]. - The restaurant segment generated revenue of approximately HKD 6,870,000, which is an increase of about 152.11% compared to the same period in 2020[52]. Expenses and Dividends - The company’s administrative and other expenses amounted to HKD 6,550,000 for the three months ended June 30, 2021[6]. - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2021, compared to no dividend in the same period of 2020[3]. - The group did not declare any dividends for the three months ended June 30, 2021, consistent with the previous year[38]. - Administrative and other expenses for the three months were approximately HKD 6,550,000, an increase of about 44.21% compared to HKD 4,540,000 for the same period in 2020[53]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM Listing Rules during the three-month period ending June 30, 2021[70]. - The audit committee has been established to review and supervise the financial reporting process and internal controls of the group[74]. - The committee consists of three independent non-executive directors[74]. - The unaudited condensed consolidated financial statements for the three-month period have been reviewed by the committee[74]. - The committee believes that the financial statements are prepared in accordance with applicable accounting standards and have made adequate disclosures[74]. Future Plans and Business Focus - The company plans to focus on its core business of selling electronic products and aims to increase market share through more promotional and marketing activities[50]. - The company will continue to explore new business opportunities to broaden revenue sources and maximize profits for shareholders in the long term[48]. - The increase in electronic product sales was mainly due to a rise in sales of high-end fishing indicators, which increased by approximately HKD 1,920,000 compared to the same period in 2020[50]. Shareholder Information - As of June 30, 2021, major shareholders include Siu Yik Tung Jamie with 14,621,948 shares, representing 13.23% of the issued share capital[63]. - The weighted average number of ordinary shares in issue during the three months was 114,087,654, compared to 51,000,000 for the same period in 2020[50]. Accounting Standards - The company has not adopted any new accounting standards that have a significant impact on the unaudited consolidated financial statements[13]. - The unaudited consolidated financial statements have not been reviewed by the company's auditor but have been reviewed by the audit committee[13]. Other Information - The company has not purchased, sold, or redeemed any of its listed securities within the three-month period[68]. - No significant contracts were entered into by directors that would have a major impact on the group's business during the three-month period[71]. - There were no known competitive businesses or conflicts of interest involving directors or major shareholders during the three-month period[72].
毅高国际控股(08218) - 2022 Q1 - 季度财报