Revenue Performance - For the three months ended March 31, 2019, the group recorded revenue of approximately HKD 34.4 million, a decrease of about 2.5% compared to approximately HKD 35.3 million in the same period last year[7]. - For the three months ended March 31, 2019, the company's revenue was HKD 34,386,000, a decrease of 2.5% from HKD 35,270,000 in the same period of 2018[29]. - For the three months ended March 31, 2019, the total revenue was HKD 34,386,000, a decrease of 2.5% from HKD 35,270,000 in the same period of 2018[44]. Profitability - The group reported a profit before tax of approximately HKD 0.7 million, down from approximately HKD 2.7 million in the same period last year[8]. - The net profit for the period was approximately HKD 0.2 million, significantly lower than approximately HKD 2.0 million recorded in the same period last year[12]. - The operating profit before tax for the same period was HKD 691,000, down 74.8% from HKD 2,745,000 year-on-year[29]. - The net profit for the period was HKD 150,000, a significant decline of 92.7% compared to HKD 2,044,000 in the previous year[29]. - The profit attributable to owners of the company for the same period was HKD 117,000, significantly down from HKD 2,017,000 in 2018, representing a decline of 94.2%[48]. Cost and Expenses - The cost of consumed inventory for the same period was approximately HKD 22.8 million, an increase of about HKD 0.2 million or 0.9% year-on-year[8]. - The cost of goods sold was HKD 22,810,000, slightly higher than HKD 22,621,000 in the same period last year[29]. - The cost of goods sold for the period was HKD 22,810,000, slightly up from HKD 22,621,000 in 2018, reflecting an increase of 0.8%[46]. - Employee benefit expenses decreased from approximately HKD 5.2 million to approximately HKD 5.1 million due to a reduction in the number of employees[9]. - Employee benefit expenses decreased to HKD 5,066,000 from HKD 5,223,000, showing a reduction of 3.0%[29]. - Employee benefit expenses decreased to HKD 5,066,000 from HKD 5,223,000, a reduction of 3.0%[46]. Taxation - The income tax expense for the period was approximately HKD 0.4 million, down from approximately HKD 0.6 million in the same period last year[11]. - The group’s tax expense for the period was HKD 379,000, down from HKD 567,000 in the previous year, a decrease of 33.2%[47]. Market Conditions - The decline in revenue was attributed to the outbreak of swine flu in China, which affected sales of fresh, frozen, and cooked food products[7]. - The shift in customer purchasing preferences from pork to chicken resulted in a lower average selling price for chicken products compared to pork products[7]. - The group primarily engages in the processing and trading of food products, frozen food, and cooked food, along with providing transportation services in Hong Kong[6]. - The group’s product mix change due to market conditions led to a decrease in gross profit margin[8]. Other Financial Information - Basic and diluted earnings per share were HKD 0.01, down from HKD 0.14 in the same quarter of 2018[29]. - Total comprehensive income for the period was HKD 874,000, compared to HKD 2,696,000 in the prior year, reflecting a decrease of 67.6%[30]. - The company reported other income of HKD 668,000, an increase of 26.6% from HKD 528,000 in the previous year[29]. - The company did not recommend any dividend payment for the three months ended March 31, 2019[47]. - The operating lease minimum payments increased to HKD 195,000 from HKD 150,000, marking a rise of 30.0%[46]. - The company’s total equity attributable to owners as of March 31, 2019, was HKD 125,666,000, compared to HKD 122,997,000 at the beginning of the year, an increase of 2.2%[34]. - There were no purchases, sales, or redemptions of the company's securities during the three months ended March 31, 2019[21]. - The total comprehensive income for the period was HKD 2,696,000, compared to HKD 2,044,000 in the same period last year, showing an increase of 32.0%[44]. - The company has not granted any share options under the share option scheme since its adoption on June 5, 2017[18].
运兴泰集团(08362) - 2019 Q1 - 季度财报