Financial Performance - The company's revenue for the period was approximately HKD 12.1 million, a decrease of about 17.1% from approximately HKD 14.6 million in the previous period[11]. - The loss attributable to the company's owners decreased to approximately HKD 0.2 million, down about 88.9% from approximately HKD 1.8 million in the previous period[19]. - The gross profit increased by approximately 5.4% to about HKD 3.9 million, with a gross profit margin rising from approximately 25.3% to about 32.2%[14]. - Revenue for the three months ended June 30, 2020, was HKD 12,144,000, a decrease of 16.7% compared to HKD 14,570,000 in the same period of 2019[50]. - Gross profit for the same period was HKD 3,900,000, representing an increase of 5.4% from HKD 3,700,000 year-on-year[50]. - The company reported a loss attributable to owners of HKD 224,000, significantly improved from a loss of HKD 1,757,000 in the previous year, marking an 87.3% reduction in losses[40]. - Operating loss decreased to HKD 176,000 from HKD 1,748,000, indicating a substantial improvement in operational efficiency[40]. - The company’s total comprehensive loss for the period was HKD 224,000, down from HKD 1,765,000, representing a significant reduction of 87.7%[40]. - Basic and diluted loss per share improved to HKD 0.02 from HKD 0.18, showing a positive trend in per-share performance[40]. Revenue Breakdown - E-commerce revenue accounted for approximately 11.0% of total revenue for the period, representing a significant increase of about 87.1% compared to the previous period[8]. - The gross profit margin for the e-commerce segment rose from approximately 11.3% to about 31.7% due to higher sales prices[9]. - Revenue from the UK decreased by 37.83% to HKD 2,760,000 from HKD 4,441,000 year-on-year[53]. - Revenue from the US increased significantly to HKD 1,606,000, up 94.5% from HKD 824,000 in the previous year[53]. Cost Management - The sales cost decreased by approximately 24.8% to about HKD 8.2 million, aligning with the revenue decline[13]. - Administrative expenses were reduced by approximately 28.2% to about HKD 2.8 million, primarily due to decreased depreciation from the renovation of the exhibition hall in China[16]. - The cost of goods sold for home products was HKD 8,263,000, down 24.06% from HKD 10,890,000 in the previous year[61]. Corporate Governance - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules[25]. - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting standards and policies adopted by the group during the reporting period[34]. - The company has complied with all applicable provisions of the corporate governance code during the reporting period, except for the separation of the roles of Chairman and CEO[24]. - The roles of Chairman and CEO are currently held by the same individual, which the board believes enhances internal leadership consistency and strategic planning efficiency[24]. - The company will continue to review the necessity of separating the roles of Chairman and CEO based on management needs and overall corporate circumstances[24]. - The company has confirmed that all directors have adhered to the trading standards and code of conduct for securities trading during the reporting period[25]. Shareholder Information - The company reported a significant shareholder concentration, with Hearthfire Limited holding 61.125% of shares and Present Moment Limited holding 8.625% as of June 30, 2020[27]. - As of June 30, 2020, the directors and senior management hold significant interests in the company, with 61.125% and 8.625% of shares held by the respective directors[28]. - There are no known direct or indirect competitive interests held by the directors or controlling shareholders that could conflict with the company's business[31]. Other Financial Information - The company incurred financing costs of HKD 14,000, compared to HKD 5,000 in the previous year, indicating a rise in financing expenses[40]. - Interest income decreased to HKD 45,000 from HKD 102,000, reflecting a decline of 55.9% year-on-year[50]. - The company reported a net foreign exchange gain of HKD 147,000, compared to a loss of HKD 99,000 in the previous year[61]. - Short-term benefits for directors and key management personnel amounted to HKD 665,000, an increase from HKD 642,000 in the previous year[66]. - The company does not recommend the payment of any dividends for the period, consistent with the previous period[21].
舍图控股(08392) - 2021 Q1 - 季度财报