Financial Performance - Revenue for the three months ended June 30, 2020, was HKD 18,168,000, a decrease of 33.4% compared to HKD 27,290,000 for the same period in 2019[5] - Gross profit for the same period was HKD 1,378,000, down 44.6% from HKD 2,478,000 year-on-year[5] - The company reported a loss before tax of HKD 3,146,000, compared to a loss of HKD 1,390,000 in the previous year, representing a 126.5% increase in losses[5] - The net loss for the period was HKD 3,128,000, compared to a net loss of HKD 1,372,000 in the same quarter of 2019, indicating a 128.6% increase in losses[5] - Basic and diluted loss per share for the period was HKD 0.15, compared to HKD 0.07 for the same period last year, reflecting a 114.3% increase in loss per share[6] - Other income for the quarter was HKD 542,000, down 37.0% from HKD 859,000 in the previous year[5] - The company's consolidated revenue for the three months ended June 30, 2020, decreased by 33.3% to HKD 18,200,000 from HKD 27,300,000 in the same period last year[26] - The overall gross profit for the period was HKD 1,400,000, a decrease of 44% compared to HKD 2,500,000 in the previous year[26] - Other income recorded was HKD 500,000, down from HKD 900,000 in the previous year, primarily from dividend income and interest from loans to associated companies[26] - The net loss for the period was HKD 3,100,000, compared to a net loss of HKD 1,400,000 in the same period last year[27] Expenses and Costs - Administrative expenses increased to HKD 4,521,000 from HKD 2,279,000, marking a 98.1% rise year-on-year[5] - Operating expenses increased to HKD 4,600,000 from HKD 2,900,000, mainly due to share-based payment expenses of approximately HKD 1,800,000[27] - The financial cost remained stable at HKD 200,000, consistent with the previous year[27] Business Segments - The company is involved in various business segments including natural resources and commodity trading, lending, and fashion apparel development[13] - Revenue from the natural resources and commodities trading business was HKD 10,600,000, down from HKD 13,700,000 in the previous year[29] - The sales revenue of the consumer goods and fashion apparel business for the period ended June 30, 2020, was HKD 10,600,000, a decrease from HKD 13,100,000 in 2019[30] - The group recorded a steady growth in its lending business, achieving a revenue of HKD 500,000, unchanged from 2019[33] Future Outlook and Plans - The company has not disclosed any specific future outlook or guidance in the provided documents[5] - The company plans to allocate more resources to consumer goods and fashion apparel sales, despite the impact of COVID-19 on its operations[29] - The group plans to expand its business through organic growth or acquisitions, aiming to diversify its existing operations to enhance shareholder returns[36] - The group aims to maximize profits by providing flexible credit terms to customers and increasing new profit-sharing sales models to attract distributors[32] Corporate Governance - The financial results were prepared in accordance with Hong Kong Financial Reporting Standards and GEM Listing Rules[13] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the three months ending June 30, 2020[51] - The company has adopted a code of conduct for securities transactions by directors, compliant with GEM Listing Rules[49] - The company has adhered to the Corporate Governance Code throughout the review period[50] - No directors or their close associates were found to have any business interests that may compete with the group’s business as of June 30, 2020[48] - The board comprises five directors, including two executive directors and three independent non-executive directors as of the report date[53] Shareholder Information - As of June 30, 2020, the directors and senior management held a total of 4,054,340 share options each, representing approximately 1.97% of the total issued shares[41] - As of June 30, 2020, Shan Zumao holds 10,280,000 shares, representing approximately 5.00% of the issued share capital[44] - The company did not declare any dividends for the three months ended June 30, 2020, consistent with the previous year[24] Related Party Transactions - No related party transactions were disclosed by the board as of June 30, 2020[45] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the three months ending June 30, 2020[46] - The company did not engage in any securities trading activities that would require disclosure during the reporting period[46] Investments and Collaborations - The group reported a net loss of HKD 60,000 from securities investments for the three months ended June 30, 2020, an improvement from a net loss of HKD 1,300,000 in 2019[34] - The company recorded a net loss of HKD 60,000 from fair value changes in financial assets, compared to a net loss of HKD 1,300,000 in the previous year[26] - The group has engaged with popular brands such as Nintendo and FILA for cross-design collaborations to enhance brand image[30] - The group has developed multiple motion-sensing games and plans to leverage this popular technology to enhance brand awareness in the coming years[32] - The group is actively seeking funding support, including debt financing, to facilitate business expansion[32]
富誉控股(08269) - 2021 Q1 - 季度财报