Financial Performance - For the three months ended March 31, 2019, the group's revenue was approximately HKD 18.9 million, a decrease of about 30.6% compared to the same period in 2018[14]. - The gross profit margin for the same period was approximately 18.1%, down from 22.2% in the previous year[14]. - The group recorded a loss of approximately HKD 0.5 million for the three months ended March 31, 2019, compared to a profit of approximately HKD 1.2 million in the same period of 2018[14]. - Basic loss per share for the period was approximately HKD 0.06, compared to a basic earnings per share of approximately HKD 0.15 in the previous year[14]. - Total comprehensive income for the period was HKD 887,000, down from HKD 2.7 million in the same period of 2018[16]. - The group's gross profit decreased by 43.4% compared to the same period last year, reflecting the impact of the trade war and tariff disputes between China and the United States[35]. - The group's gross profit decreased from approximately HKD 6.1 million for the three months ended March 31, 2018, to approximately HKD 3.4 million for the three months ended March 31, 2019, a decline of approximately 43.4%[40]. - The gross profit margin fell from approximately 22.2% for the three months ended March 31, 2018, to approximately 18.1% for the three months ended March 31, 2019, primarily due to a revenue drop of approximately HKD 8.4 million without a corresponding reduction in fixed manufacturing costs[40]. Revenue Breakdown - Sales of industrial aluminum electrolytic capacitors amounted to HKD 13.6 million, down from HKD 19.97 million, while electronic component trading generated HKD 5.31 million, down from HKD 7.29 million[26]. - The group's revenue for the three months ended March 31, 2019, was approximately HKD 18.9 million, a decrease of 30.6% from approximately HKD 27.3 million in the same period of 2018[38]. Expenses and Costs - The group's administrative expenses were HKD 3.0 million, slightly down from HKD 3.1 million in the previous year[16]. - Financing costs increased to HKD 121,000 from HKD 35,000 in the previous year[16]. - Sales and distribution expenses decreased from approximately HKD 1.2 million for the three months ended March 31, 2018, to approximately HKD 0.9 million for the three months ended March 31, 2019, a decline of approximately 26.1%[42]. - The cost of sales decreased from approximately HKD 21.2 million to approximately HKD 15.5 million, a reduction of about 27.0%[39]. Dividends and Shareholder Returns - The board does not recommend the payment of any dividend for the three months ended March 31, 2019, consistent with the previous year[14]. - The company did not declare or recommend any dividends for the three months ended March 31, 2019, consistent with the previous year[30]. - No dividends were declared or paid to ordinary shareholders for the three months ended March 31, 2019, consistent with the same period in 2018[49]. Future Outlook and Strategy - The management anticipates ongoing economic uncertainties will continue to affect the group's revenue and significantly reduce gross profit throughout 2019[35]. - The group is committed to investing in technology development to enhance its technical capabilities and maintain competitive advantages despite the challenges posed by global trade disputes[36]. - The group will continue to review its business methods and actively seek global opportunities in response to the rapidly changing business environment[35]. Other Information - The deferred tax credit for the three months ended March 31, 2019, was HKD 247,000, compared to HKD 210,000 in the same period of 2018[27]. - The group had capital commitments of approximately HKD 0.9 million as of March 31, 2019, related to the purchase of equipment and machinery to expand production capacity, down from HKD 8.9 million as of March 31, 2018[50]. - There were no significant acquisitions or disposals during the three months ended March 31, 2019[51]. - The group did not have any significant contingent liabilities as of March 31, 2019[52]. - The company has not announced any new product or technology developments during this reporting period[16]. - The company has not purchased, sold, or redeemed any of its listed securities during the three months ended March 31, 2019[71]. - The audit committee has reviewed the unaudited quarterly results for the three months ended March 31, 2019[75]. - The company has adopted the corporate governance code as per GEM listing rules and has complied with most provisions, except for the separation of roles between the chairman and CEO[69].
数盟资本(08375) - 2019 Q1 - 季度财报