Financial Performance - For the three months ended June 30, 2020, the company reported revenue of HKD 125,641,000, an increase of 14.2% compared to HKD 109,995,000 in the same period of 2019[4] - Gross profit for the same period was HKD 16,645,000, up 22.4% from HKD 13,608,000 year-on-year[4] - The net profit for the period was HKD 3,876,000, representing a 56.6% increase from HKD 2,477,000 in the previous year[4] - Basic earnings per share increased to HKD 0.48 from HKD 0.31, reflecting a growth of 54.8%[4] - The total comprehensive income for the period was HKD 3,876,000, compared to HKD 2,477,000 in the previous year, showing a growth of 56.6%[4] - Basic earnings per share for the three months ended June 30, 2020, were HKD 3,876,000, compared to HKD 2,477,000 for the same period in 2019[33] - The profit attributable to the company's owners increased by approximately 56.4% from about HKD 2.5 million in Q1 2020 to approximately HKD 3.9 million in Q1 2021[59] - Basic and diluted earnings per share for Q1 2021 were approximately HKD 0.48, an increase of about HKD 0.17 or approximately 56.4% compared to about HKD 0.31 in Q1 2020[60] Expenses - The company incurred sales expenses of HKD 9,378,000, which is a 19.0% increase from HKD 7,883,000 in the prior year[4] - Administrative expenses were HKD 2,896,000, slightly up from HKD 2,837,000, indicating a 2.1% increase[4] - Selling expenses increased by approximately 19.0% to about HKD 9.4 million in Q1 2021 from approximately HKD 7.9 million in Q1 2020, primarily due to higher employee costs[52] - Administrative expenses rose by about 2.1% to approximately HKD 2.9 million in Q1 2021 compared to about HKD 2.8 million in Q1 2020, also driven by increased employee costs[53] Revenue Sources - A single customer contributed 25.6% of the total revenue during the reporting period, compared to no single customer contributing 10% or more in 2019[19] - Revenue from the public sector decreased by approximately 6.3%, from HKD 61.1 million in Q1 2020 to HKD 57.2 million in Q1 2021[41] - The group's revenue increased by approximately 14.2% from about HKD 110.0 million in Q1 2020 to approximately HKD 125.6 million in Q1 2021, driven by higher demand for IT infrastructure solutions[50] Other Income - The company recognized other income and gains of HKD 420,000, compared to HKD 171,000 in the same period last year, marking a significant increase of 145.0%[4] - The company reported total other income and gains of HKD 420,000 for the three months ended June 30, 2020, compared to HKD 171,000 in 2019[23] - Other income and gains rose from approximately HKD 0.2 million in Q1 2020 to about HKD 0.4 million in Q1 2021, marking an increase of approximately 145.6%[52] Equity and Shareholder Information - The company’s total equity as of June 30, 2020, was HKD 107,479,000, an increase from HKD 103,512,000 at the end of the previous quarter[7] - Major shareholders include Luk Yuen Wah Nancy with 28.4% and Keung Lai Wa Dorathy Linndia with 12.8% ownership[70] - The company has a total of 91,800,000 shares held by Mr. Mo, representing 11.5% of the total shares[70] - The total number of shares held by Lee Kit Ling Monita is 51,800,000, accounting for 6.5% of the total shares[70] Corporate Governance - The company has adopted a code of conduct for directors' securities trading, compliant with GEM listing rules[94] - There were no reported conflicts of interest involving directors or major shareholders in competing businesses during the first quarter of the 2021 fiscal year[91] - The company does not have any knowledge of non-compliance with trading regulations by directors during the first quarter of the 2021 fiscal year[94] - The company has adhered to the corporate governance code as per GEM listing rules for the fiscal year 2021 Q1, with some deviations disclosed[95] - The audit committee reviewed the unaudited consolidated financial statements for the three months ending June 30, 2020, and confirmed compliance with applicable accounting standards and GEM listing rules[96] Strategic Focus - The company continues to focus on providing IT infrastructure solutions and financing leasing income as its main operational segments[16] - The company has adjusted its short-term business priorities to respond to changing customer demands and seize new opportunities[45] - The company continues to focus on long-term strategic development and growth in technology participation[45] - The group aims to strategically develop its services to mitigate the impacts of the uncertain business environment and adapt to post-COVID-19 conditions[47] - The company is committed to exploring suitable acquisition opportunities to enhance corporate value while maintaining a prudent approach[46] Economic Environment - The economic environment is challenging due to the ongoing global pandemic and geopolitical tensions, which may negatively impact the company's performance[42] Stock Options - As of June 30, 2020, the total number of unexercised stock options under the plan is 15,900,000[76] - The exercise price for stock options granted on April 15, 2019, is HKD 0.111 per share[79] - The stock options granted are exercisable in five tranches, with 20% available for exercise each year from 2020 to 2024[80][88] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the first quarter of the 2021 fiscal year[90] Employee Acknowledgment - The board expresses gratitude to all employees for their contributions and efforts during the reporting period[100]
思博系统(08319) - 2021 Q1 - 季度财报