Financial Performance - Revenue for the three months ended June 30, 2021, was HK$22,992,000, a decrease of 17.5% compared to HK$27,850,000 in the same period of 2020[13]. - Gross profit for the same period was HK$6,288,000, down 40.6% from HK$10,555,000 year-on-year[13]. - The operating results showed a profit of HK$957,000, a significant decline from HK$4,696,000 in the previous year[13]. - The loss before tax for the period was HK$2,987,000, compared to a profit of HK$1,448,000 in the same period last year[13]. - The loss attributable to equity holders of the Company was HK$3,297,000, compared to a loss of HK$162,000 in the previous year[16]. - Basic loss per share for the period was HK$0.22, compared to HK$0.01 in the same period of 2020[16]. - Total comprehensive loss for the period was HK$1,290,000, compared to a comprehensive loss of HK$2,148,000 in the previous year[19]. - The net profit for the period was a loss of HK$3,297,000, compared to a profit of HK$1,086,000 in the previous period[22]. - The total comprehensive income for the period was HK$1,290,000, which includes an exchange difference gain of HK$4,065,000 from the translation of financial statements of overseas subsidiaries[22]. - The company experienced an increase in non-controlling interest to HK$35,795,000, up from HK$35,273,000[22]. Expenses and Costs - The Company reported finance costs of HK$3,944,000, an increase from HK$3,248,000 in the previous year[13]. - Administrative expenses were HK$4,590,000, slightly down from HK$4,883,000 in the same period last year[13]. - Cost of inventories sold for the same period was HK$16,704,000, down from HK$17,295,000, reflecting a reduction of 3.4%[48]. - Staff costs, including directors' emoluments, decreased to HK$2,429,000 from HK$3,201,000, a reduction of 24.1%[48]. - Selling and distribution expenses were approximately HK$0.7 million, a decrease of approximately 44.4% from HK$1.3 million in the same period last year[72]. - Administrative and other expenses were approximately HK$4.6 million, representing a decrease of approximately 6.0% from HK$4.9 million compared to the same period last year[84]. - Depreciation expenses for the period were HK$7,992,000, compared to HK$7,405,000 in 2020, marking an increase of 7.9%[48]. - Total finance costs for the three months ended June 30, 2021, amounted to HK$3,944,000, an increase from HK$3,248,000 in 2020[65]. - Interest on borrowings increased to HK$2,566,000 from HK$2,034,000, reflecting a rise of 26.2%[65]. Equity and Share Capital - As of June 30, 2021, the company reported a total equity of HK$250,435,000, with a retained loss of HK$1,725,427,000[22]. - The issued share capital remained at HK$89,807,000, and the share premium was HK$1,842,983,000 as of June 30, 2021[22]. - The weighted average number of ordinary shares in issue remained constant at 1,496,782,160 for both periods[58]. - As of June 30, 2021, Mr. Ma Qianzhou holds 200,730,224 shares, representing approximately 13.41% of the issued shares[116]. - Mr. Zhao Yuebing has a beneficial ownership of 22,508,800 shares, which is about 1.50% of the issued shares[116]. - Lee Shing has an interest in a controlled corporation holding 106,893,333 shares, accounting for 7.14% of the issued shares[116]. - Wang Dong has an interest in a controlled corporation with 86,244,800 shares, representing 5.76% of the issued shares[116]. - The company has maintained a sufficient public float as of the report date[126]. Challenges and Future Outlook - The Group anticipates facing numerous challenges in 2021 due to the China-US trade dispute, ongoing COVID-19 impacts, and tightening environmental regulations in China[85][87]. - The Company aims to improve asset scale and quality, as well as financial performance over time[85][87]. - In addition to organic growth, the Group will diligently seek new growth opportunities through mergers and acquisitions, business integration, and expansion to enhance profitability and shareholder returns[85][87]. Compliance and Reporting - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[32]. - The company’s shares are listed on the GEM of the Stock Exchange of Hong Kong Limited, reflecting its commitment to transparency and regulatory compliance[32]. - No provision for Hong Kong profits tax was made as the Group had no assessable profit for the period[52]. - The report indicates that the interests of Mr. Ma and Ms. Zhao are deemed to be beneficially owned by each other under the SFO[120]. - The company has not established any arrangements for directors to benefit from purchasing shares during the reporting period[112]. - The report includes a detailed breakdown of substantial shareholders and their respective holdings[115]. - No significant events occurred after June 30, 2021, up to the report date[127]. - The company has not been notified of any other person with an interest or short position in shares as required under Section 336 of the SFO[124].
大唐潼金(08299) - 2022 Q1 - 季度财报