Financial Performance - For the three months ended March 31, 2021, the group's revenue was approximately HKD 25.5 million, an increase of about HKD 9.4 million or 58.7% compared to the same period in 2020[6] - The gross profit margin for the same period was approximately 15.6%, down from 16.0% in the prior year[6] - The loss for the period was approximately HKD 0.4 million, a significant improvement from a loss of HKD 1.5 million in the same period of 2020[6] - Basic loss per share for the three months ended March 31, 2021, was approximately HKD 0.05, compared to HKD 0.19 for the same period in 2020[6] - Total comprehensive loss for the period amounted to HKD 660,000, compared to HKD 2.2 million in the prior year[7] - The company reported a financing cost of HKD 56,000, down from HKD 125,000 in the previous year[7] - Other income for the period was HKD 357,000, slightly down from HKD 365,000 in the same period of 2020[7] - The company incurred administrative expenses of HKD 3.394 million, a decrease from HKD 3.556 million in the previous year[7] - The company's revenue for the three months ended March 31, 2021, increased by approximately 58.7% to about HKD 25.5 million from approximately HKD 16.1 million in the same period of 2020[24] - Revenue from the sale of industrial aluminum electrolytic capacitors rose significantly by approximately 60.9% to about HKD 20.4 million, compared to approximately HKD 12.7 million in the same period of 2020[26] - Revenue from the trading of electronic components increased to approximately HKD 5.1 million from approximately HKD 3.4 million in the same period of 2020[26] - The gross profit for the three months ended March 31, 2021, increased by approximately 54.7% to about HKD 4.0 million from approximately HKD 2.6 million in the same period of 2020[28] - The gross profit margin remained stable at approximately 15.6% for the three months ended March 31, 2021, compared to approximately 16.0% in the same period of 2020[28] - The company's sales cost increased by approximately 59.5% to about HKD 21.5 million from approximately HKD 13.5 million in the same period of 2020[27] - The company reported a loss of HKD 376,000 for the three months ended March 31, 2021, compared to a loss of HKD 1.5 million in the same period of 2020[20] Dividends and Shareholder Information - The board of directors did not recommend the payment of any dividend for the three months ended March 31, 2021, consistent with no dividends declared in the same period of 2020[6] - The company did not declare or pay any dividends for the two periods[18] - No dividends were declared or proposed for the three months ended March 31, 2021, consistent with the same period in 2020[35] - The major shareholder, Vertical Investment, holds 600,000,000 shares, representing 62.5% of the company's equity[45] Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules, except for deviation in clause A.2.1 regarding the separation of roles between the Chairman and CEO[51] - The Chairman and CEO, Mr. Wen, is also one of the founders and has been managing the company since its inception, which the board believes is in the best interest of the company[52] - The company has established an audit committee consisting of three independent non-executive directors to oversee internal audit functions and financial reporting processes[55] - The audit committee has reviewed the unaudited quarterly results for the three months ended March 31, 2021[56] - The company will regularly review and improve its corporate governance practices in line with the latest developments[53] Operational Strategy - The company plans to continue investing in technology development to enhance its competitive advantage despite ongoing economic uncertainties[25] - The company aims to review its business methods continuously to adapt to the challenging business environment[25] Expenses and Liabilities - Sales and distribution expenses increased from approximately HKD 0.7 million for the three months ended March 31, 2020, to approximately HKD 1.0 million for the three months ended March 31, 2021, representing an increase of approximately HKD 0.3 million[30] - Administrative expenses decreased from approximately HKD 3.6 million for the three months ended March 31, 2020, to approximately HKD 3.4 million for the three months ended March 31, 2021, a decrease of approximately HKD 0.2 million[30] - The income tax expense increased from approximately HKD 0.1 million for the three months ended March 31, 2020, to approximately HKD 0.3 million for the three months ended March 31, 2021, an increase of approximately HKD 0.2 million[31] - The group had no significant capital commitments as of March 31, 2021, remaining unchanged from March 31, 2020[36] - There were no significant acquisitions or disposals during the three months ended March 31, 2021[37] - The group had no significant contingent liabilities as of March 31, 2021, consistent with the previous year[38] Securities Transactions - The company has not purchased, sold, or redeemed any of its listed securities during the three months ended March 31, 2021[54]
数盟资本(08375) - 2021 Q1 - 季度财报