Financial Performance - Revenue for the three months ended June 30, 2021, was HKD 13,018,000, a decrease of 6.6% compared to HKD 13,939,000 for the same period in 2020[4] - Gross profit for the same period was HKD 10,173,000, down 12.0% from HKD 11,562,000 year-on-year[4] - The company reported a net profit attributable to owners of HKD 655,000, a significant decline of 81.8% from HKD 3,588,000 in the previous year[4] - Basic and diluted earnings per share were both HKD 0.13, compared to HKD 0.75 for the same period last year, reflecting a decrease of 82.7%[4] - Other income decreased to HKD 448,000 from HKD 1,611,000, indicating a decline of 72.1%[4] - The company's profit attributable to owners was approximately HKD 0.7 million for the three months ended June 30, 2021, down from approximately HKD 3.6 million for the same period in 2020, mainly due to increased employee costs and reduced government subsidies[32] - Income tax expenses decreased from approximately HKD 274,000 for the three months ended June 30, 2020, to approximately HKD 174,000 for the same period in 2021, a reduction of about HKD 100,000[31] Sales and Market Performance - Sales of women's lingerie and related products accounted for HKD 10,101,000, down 10.2% from HKD 11,250,000 in the prior year[14] - The company recorded revenue of approximately HKD 13.0 million for the three months ended June 30, 2021, a decrease of about 6.5% compared to HKD 13.9 million for the same period in 2020, primarily due to weak retail sales caused by the COVID-19 pandemic[27] - The board remains cautiously optimistic about the local retail market gradually recovering from the current challenges posed by the COVID-19 pandemic[26] Cost Management and Operational Efficiency - Administrative and other operating expenses were HKD 4,698,000, a decrease of 9.6% compared to HKD 5,196,000 in the previous year[4] - Selling expenses increased from approximately HKD 4.5 million for the three months ended June 30, 2020, to approximately HKD 5.0 million for the same period in 2021, primarily due to increased marketing expenses for promotional activities[30] - Administrative expenses decreased from approximately HKD 5.2 million for the three months ended June 30, 2020, to approximately HKD 4.7 million for the same period in 2021, mainly due to reduced depreciation of right-of-use assets[30] - The financial results reflect ongoing challenges in the market, with a focus on cost management and operational efficiency to improve profitability moving forward[4] - The company aims to continue improving operational efficiency and maintaining cost control measures to enhance profitability and core competitiveness[26] Corporate Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated results for the three months ended June 30, 2021, ensuring compliance with applicable accounting standards[54] - The company has complied with GEM Listing Rules regarding the composition of the audit committee and remuneration committee after appointing a qualified independent non-executive director[50] - The company has maintained compliance with the GEM Listing Rules regarding the number of independent non-executive directors after the appointment of a new director[50] - The company is committed to adopting best corporate governance practices and has adhered to the corporate governance code as per GEM Listing Rules[47] - The company has not identified any conflicts of interest among its directors or controlling shareholders during the reporting period[45] Future Plans and Commitments - The company plans to continue expanding its market presence in Hong Kong, Macau, and mainland China, focusing on the design and manufacturing of women's lingerie products[9] - The company remains committed to enhancing its product offerings and exploring new technologies in lingerie design and manufacturing[9] - The company did not recommend the payment of dividends for the three months ended June 30, 2021, consistent with the same period in 2020[18] - The company completed a placement of 48,000,000 new shares at a price of HKD 0.86 per share on April 30, 2021, to enhance its capital base[34] Shareholding Structure - The company reported a total of 210,000,000 shares held by Global Succeed, representing 39.77% of the issued share capital[39] - Waichun Logistics holds 110,000,000 shares, accounting for 20.83% of the company's issued share capital[41] - Following a placement, Waichun Logistics' shareholding was diluted from approximately 22.92% to about 20.83%[42] - The company has not granted any stock options under the stock option plan as of the report date[44] Securities Transactions - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ended June 30, 2021[52]
海纳星空科技(08297) - 2022 Q1 - 季度财报