Financial Performance - For the three months ended June 30, 2021, the company reported a total revenue of HKD 4,956,000, compared to a loss of HKD 7,182,000 in the same period of 2020[5]. - The loss attributable to owners of the company for the period was HKD 3,698,000, compared to a loss of HKD 89,772,000 for the same period in 2020, indicating a significant improvement[5]. - The basic and diluted loss per share for the period was HKD 0.46, compared to HKD 11.22 for the same period in 2020[5]. - The company reported a revenue of approximately HKD 5,000,000 for the three months ended June 30, 2021, a decrease of about HKD 32,900,000 or 86.9% compared to the same period in 2020[33]. - The total loss attributable to owners of the company for the three months ended June 30, 2021, was approximately HKD 3,700,000, compared to approximately HKD 1,800,000 in 2020[38]. Income and Expenses - The company recorded other income of HKD 1,658,000 for the three months ended June 30, 2021, down from HKD 2,463,000 in the same period of 2020, representing a decrease of approximately 32.6%[19]. - The company incurred finance costs of HKD 25,000 for the three months ended June 30, 2021, a decrease from HKD 242,000 in the same period of 2020, reflecting a reduction of approximately 89.7%[22]. - Employee benefits expenses for the period amounted to HKD 2,833,000, down from HKD 7,373,000 in the same period of 2020, representing a decrease of approximately 61.6%[23]. - The service costs decreased from approximately HKD 39,500,000 for the three months ended June 30, 2020, to approximately HKD 7,200,000 for the same period in 2021, a reduction of about HKD 32,300,000 or 81.8%[34]. - Administrative expenses increased by approximately HKD 700,000 or 31.7% from about HKD 2,400,000 for the three months ended June 30, 2020, to about HKD 3,100,000 for the same period in 2021[37]. Operational Insights - The company continues to operate primarily as a foundation subcontractor in Hong Kong, with no independent operating segment financial information presented[16]. - The company has not disclosed any new product developments or market expansion strategies in the current report[3]. - There are no indications of mergers or acquisitions mentioned in the financial report[3]. - The company experienced a gross loss margin increase primarily due to a decrease in revenue while fixed direct costs remained unchanged[35]. - The company plans to actively explore new opportunities to maximize returns for shareholders despite challenging market conditions[32]. Corporate Governance - The financial statements have not been audited but have been reviewed by the audit committee of the board[12]. - The company has complied with all applicable corporate governance codes as per GEM listing rules during the three months ending June 30, 2021[48]. - The audit committee, established on July 6, 2015, consists solely of independent non-executive directors and has reviewed the unaudited consolidated financial statements for the three months ending June 30, 2021[49]. - The company has maintained a compliance with the GEM listing rules regarding the audit committee's composition and responsibilities[49]. - The board of directors includes four executive directors and three independent non-executive directors as of the report date[50]. Shareholder Information - The company’s major shareholder, Mr. Hang Yuan, holds 600,000,000 shares, representing 75% of the total equity[41]. - The beneficial owner of the company holds 600,000,000 shares, representing 75% of the total equity[46]. - As of June 30, 2021, there were no major shareholders or high-holding shareholders other than those disclosed[47]. - The company has not granted any stock options under the stock option plan adopted on July 6, 2015[47]. - The company did not recommend any dividend payment for the three months ended June 30, 2021, consistent with 2020[39]. Compliance and Conduct - The company has not engaged in any competitive business activities as of June 30, 2021[47]. - The company has established a code of conduct for directors' securities transactions, ensuring compliance with trading standards[47]. - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ending June 30, 2021[48]. - The company’s headquarters and main operating location have changed to 502, Datong Building, 8 Fleming Road, Wanchai, Hong Kong, effective August 1, 2021[40].
中国红包(08316) - 2022 Q1 - 季度财报