Revenue Performance - For the three months ended June 30, 2019, the company's revenue was approximately HKD 81.9 million, an increase of about 9.7% compared to approximately HKD 74.6 million for the same period in 2018[5] - Revenue from two-way radios increased by approximately 27.7% to about HKD 61.2 million for the three months ended June 30, 2019, up from approximately HKD 47.9 million for the same period in 2018[8] - Revenue from baby monitors significantly decreased by approximately 91.3% to about HKD 0.5 million for the three months ended June 30, 2019, down from approximately HKD 5.8 million for the same period in 2018[8] - The company's revenue for the three months ended June 30, 2019, was HKD 81,851 thousand, an increase of 9.4% compared to HKD 74,605 thousand for the same period in 2018[40] - Total revenue for the three months ended June 30, 2019, was HKD 81,851,000, an increase from HKD 74,605,000 for the same period in 2018, representing a growth of 9.3%[54] - Revenue from the United States reached HKD 44,280,000, up from HKD 34,328,000 in the previous year, indicating a growth of 28.4%[56] Profit and Loss - The company reported a loss attributable to owners of approximately HKD 1.9 million for the three months ended June 30, 2019, compared to a profit of approximately HKD 2.4 million for the same period in 2018[5] - The loss attributable to owners of the company for the three months ended June 30, 2019, was approximately HKD 1.9 million, compared to a profit of approximately HKD 2.4 million for the same period in 2018[19] - The company reported a loss before tax of HKD 1,770 thousand, compared to a profit of HKD 2,935 thousand in the previous year, indicating a significant decline[40] - The total comprehensive loss for the period was HKD 855 thousand, a decrease from a comprehensive income of HKD 3,209 thousand in the same quarter of 2018[42] - Basic and diluted loss per share was HKD (0.05), compared to earnings of HKD 0.06 per share in the prior year[42] Expenses - The sales cost increased by approximately 8.4% to about HKD 72.6 million for the three months ended June 30, 2019, compared to approximately HKD 67.0 million for the same period in 2018[15] - Administrative expenses rose from approximately HKD 5.5 million for the three months ended June 30, 2018, to approximately HKD 9.8 million for the three months ended June 30, 2019, mainly due to increased R&D costs, consultancy fees, and rent[17] - The administrative expenses increased to HKD 9,763 thousand from HKD 5,539 thousand, reflecting a rise of 76.5% year-over-year[40] - Sales and distribution expenses increased from approximately HKD 0.7 million for the three months ended June 30, 2018, to approximately HKD 0.9 million for the three months ended June 30, 2019, primarily due to increased transportation costs[16] - Financing costs increased significantly to HKD 1,192,000 in 2019 from HKD 237,000 in 2018, marking a rise of 403.4%[65] Corporate Governance and Future Plans - The company plans to diversify revenue sources and expand product offerings to enhance customer base and business opportunities[12] - The company will continue to seek opportunities for new product categories and leverage R&D capabilities to provide design engineering services to clients[12] - The company has adhered to the corporate governance code and maintained high standards of business ethics during the three months ended June 30, 2019[33] Dividends - The company does not recommend the payment of any dividends for the three months ended June 30, 2019[5] - The board of directors did not recommend the payment of dividends for the three months ended June 30, 2019[20] - No dividends were recommended for the three months ended June 30, 2019, and 2018[72] Asset Management - As of June 30, 2019, approximately HKD 2.4 million of the net proceeds from the placement remained unused and deposited in a licensed bank in Hong Kong[21] - The total net proceeds of approximately HKD 30.9 million were allocated as follows: HKD 21.7 million for enhancing the product portfolio, HKD 2.4 million for enhancing information management systems, HKD 4.0 million for strengthening marketing, and HKD 2.8 million for working capital and other general corporate purposes[22] - On June 20, 2019, the company entered into an agreement for the sale of assets related to a life insurance plan for a consideration of HKD 9.5 million, which was completed on July 10, 2019[24] - On June 20, 2019, the company's executive director agreed to purchase assets of a life insurance plan for HKD 9,500,000, with the transaction completed on July 10, 2019[76] Other Financial Information - The company generated sales from goods amounting to HKD 73,545 thousand and service sales of HKD 8,306 thousand for the quarter[51] - The cost of goods sold for the period was HKD 60,335,000, an increase from HKD 48,115,000 in the previous year, reflecting a rise of 25.4%[65] - Other income for the three months ended June 30, 2019, was HKD 1,497,000, down from HKD 2,135,000 in the same period of 2018, a decrease of 29.9%[62] - The company incurred depreciation expenses of HKD 384,000 for property, plant, and equipment, compared to HKD 635,000 in the previous year, a decrease of 39.5%[65] - The total intangible asset amortization for the period was HKD 324,000, down from HKD 589,000 in the same period of 2018, a decrease of 44.9%[65] - The company has not made any tax provisions for Hong Kong profits tax for the three months ended June 30, 2019, due to no estimated taxable profits[66] - Rental expenses paid to a related company amounted to HKD 441,000 for the three months ended June 30, 2019, compared to HKD 467,000 for the same period in 2018, representing a decrease of 5.57%[73] - The rental expenses were paid to a related party, New Emerging County Antai Electronics Limited, in which the company's director has a direct interest[74] Shareholding Structure - Solution Smart Holdings Limited held a 29.32% stake in the company, with 1,125,896,000 shares as of June 30, 2019[27] - SMK Investment Company Limited owned 23.70% of the company, with 909,976,000 shares as of June 30, 2019[27] Audit and Review - The audit committee, consisting of three independent non-executive directors, reviewed the financial results for the quarter[38]
善裕集团控股(08245) - 2020 Q1 - 季度财报