Revenue Performance - For the three months ended June 30, 2021, the company's revenue was approximately HKD 27.6 million, a significant decrease of about 67.4% compared to approximately HKD 84.7 million for the same period in 2020[23]. - Revenue from two-way radios decreased by approximately 76.5% to HKD 15.1 million for the three months ended June 30, 2021, from HKD 64.1 million for the same period in 2020[27]. - Revenue from baby monitors decreased by approximately 42.4% to HKD 0.3 million for the three months ended June 30, 2021, from HKD 0.6 million for the same period in 2020[27]. - The company did not generate any service business revenue for the three months ended June 30, 2021, compared to approximately HKD 7.7 million for the same period in 2020[28]. - Other products' revenue decreased by approximately 1.3% to HKD 12.2 million for the three months ended June 30, 2021, from HKD 12.4 million for the same period in 2020[28]. - Total revenue from goods and services for the three months ended June 30, 2021, was HKD 27,583,000, a decrease of 67.5% from HKD 84,660,000 in the same period of 2020[81]. - The company experienced a significant decline in revenue from external customers, with a total revenue drop of approximately 67.5% year-over-year[81]. - Revenue from Asia was HKD 26,400,000 for the three months ended June 30, 2021, an increase of 22.5% from HKD 21,667,000 in the same period of 2020[88]. Financial Losses - The loss attributable to owners of the company for the three months ended June 30, 2021, was approximately HKD 4.5 million, compared to a loss of approximately HKD 3.8 million for the same period in 2020[23]. - The basic and diluted loss per share for the three months ended June 30, 2021, was approximately HKD 0.75, compared to HKD 0.63 for the same period in 2020[23]. - The company incurred a loss before tax of HKD 4,493,000 for the three months ended June 30, 2021, compared to a loss of HKD 3,771,000 in the prior year, reflecting an increase in loss of approximately 19.2%[69]. - The company reported a loss attributable to owners of the company of HKD 4,493,000 for the three months ended June 30, 2021, compared to a loss of HKD 3,771,000 for the same period in 2020, representing an increase in loss of approximately 19.2%[71]. - Basic and diluted loss per share was HKD 0.75 for the three months ended June 30, 2021, compared to HKD 0.63 for the same period in 2020, indicating a 19.0% increase in loss per share[71]. Cost Management - The company's sales cost decreased by approximately 67.2% from about HKD 80.6 million for the three months ended June 30, 2020, to about HKD 26.4 million for the three months ended June 30, 2021[35]. - Selling and distribution expenses decreased from approximately HKD 1.1 million for the three months ended June 30, 2020, to about HKD 0.7 million for the three months ended June 30, 2021[36]. - Administrative expenses decreased from approximately HKD 7.2 million for the three months ended June 30, 2020, to about HKD 4.9 million for the three months ended June 30, 2021[37]. - Administrative expenses decreased to HKD 4,874,000 from HKD 7,177,000, showing a reduction of approximately 32.1%[69]. - The financing costs for the period were HKD 162,000, significantly lower than HKD 737,000 in the same period last year, a reduction of approximately 78.0%[69]. Strategic Plans - The company plans to diversify its revenue sources and expand its customer base by exploring business opportunities with existing and potential clients[30]. - The company plans to allocate approximately HKD 14.1 million (about 79.2% of net proceeds) for business expansion and potential acquisitions or investments[46]. - The remaining net proceeds of approximately HKD 3.7 million (about 20.8% of net proceeds) will be used for general working capital[46]. - The company will continue to seek opportunities to diversify revenue sources and develop new products[32]. - The company aims to enhance its product portfolio and strengthen its information management systems to achieve growth in existing businesses[32]. - The company plans to continue focusing on the design, trade, and manufacturing of two-way radios and baby monitors, as well as expanding its service business[77]. Other Financial Metrics - The gross profit for the same period was HKD 1,164,000, down from HKD 4,097,000 in 2020, indicating a decline of approximately 71.5%[69]. - The company's total comprehensive expenses for the period amounted to HKD 3,951,000, compared to HKD 3,746,000 in the previous year, reflecting an increase of 5.5%[71]. - The company reported other income of HKD 235,000, down from HKD 1,277,000 in the previous year, a decrease of approximately 81.7%[69]. - Other income amounted to HKD 235,000 for the three months ended June 30, 2021, down 81.7% from HKD 1,277,000 in the same period of 2020[94]. - The company reported a net foreign exchange loss of HKD 186,000 for the three months ended June 30, 2021, compared to a loss of HKD 83,000 in the same period of 2020, an increase of 124.1%[95]. - Employee benefit expenses were HKD 4,021,000 for the three months ended June 30, 2021, an increase of 22.6% from HKD 3,279,000 in the same period of 2020[97]. Corporate Governance - The company maintained compliance with all corporate governance codes during the reporting period[61]. - Major shareholders include Solution Smart Holdings with 112,589,600 shares (18.81%) and SMK Investment Company Limited with 90,997,600 shares (15.20%) as of June 30, 2021[53]. - The company did not issue any share options during the three months ended June 30, 2021, and has no unexercised options as of the report date[65]. - The company has no plans for share buybacks or sales during the reporting period[63]. - The company did not declare any dividends for the three months ended June 30, 2021, consistent with the same period in 2020[103]. - The company did not have any significant post-reporting date events as of June 30, 2021[108].
善裕集团控股(08245) - 2022 Q1 - 季度财报