Revenue Performance - The group's total revenue for the period reached approximately HKD 31.9 million, representing a significant quarter-on-quarter increase of about 163.6%[8] - Revenue from home goods exports amounted to approximately HKD 30.3 million, an increase of about 192.6% compared to the same period last year[8] - The increase in revenue was mainly driven by increased sales orders from three major customers[12] - For the three months ended June 30, 2021, the company reported revenue of HKD 431.913 million, an increase from HKD 12.144 million in the same period last year[39] - The company reported revenue of HKD 31,913,000 for the three months ended June 30, 2021, compared to HKD 12,144,000 in the same period of 2020, representing a year-over-year increase of 163.5%[55] - Revenue from Australia was HKD 17,991,000, while the UK contributed HKD 6,573,000, and Denmark contributed HKD 3,269,000, indicating strong performance in these regions[57] - Major customer C generated revenue of HKD 17,218,000, while customer A and B contributed HKD 12,267,000 and HKD 2,160,000 respectively in the previous year[59] Profitability - The group's gross profit increased by approximately 66.7% to about HKD 6.5 million, while the gross profit margin decreased from approximately 32.2% to about 20.4%[14] - The group recorded a profit attributable to owners of the company of approximately HKD 0.9 million, compared to a loss of approximately HKD 0.2 million in the previous period[19] - The net profit attributable to shareholders for the quarter was HKD 7.910 million, compared to a loss of HKD 0.224 million in the same period last year[39] - The company recorded a net profit of HKD 24,164,000 for the three months ended June 30, 2021, compared to HKD 8,263,000 in the same period of 2020, reflecting a significant increase in profitability[64] - The company reported a profit of approximately HKD 910,000 for the three months ended June 30, 2021, compared to a loss of HKD 224,000 in the previous period[67] Expenses - The group's selling and distribution expenses rose from approximately HKD 1.7 million to about HKD 2.7 million, primarily due to increased employee costs and promotional expenses[15] - The group's administrative expenses increased by approximately 7.1% to about HKD 3.0 million, mainly due to higher employee training costs[16] - The company incurred a rental liability interest expense of HKD 9,000 for the current period, down from HKD 14,000 in the previous year[61] - Rental expenses related to a related party, Pan Hua Home Products (Shenzhen) Limited, amounted to HKD 432,000 for the three months ended June 30, 2021[71] - The company's operational expenses included employee costs of HKD 1,968,000, which includes salaries, allowances, and bonuses[64] Taxation and Income - The group's income tax expenses decreased from approximately HKD 34,000 to about HKD 6,000, primarily due to a reduction in taxable profits[18] - The company has no income tax liabilities in China for the current and prior periods, as it did not generate any taxable profits in China[63] Corporate Governance - The company has adopted and complied with all applicable corporate governance code provisions during the period[24] - The company has established an audit committee consisting of three independent non-executive directors to ensure compliance with corporate governance standards[37] - The company has established a set of conduct rules for directors regarding securities trading, in compliance with GEM listing rules[25] - The company has not disclosed any other interests or conflicts of interest among its directors as of June 30, 2021[33] Shareholder Information - Major shareholders include Hearthfire Limited with a 61.125% stake and Present Moment Limited with an 8.625% stake as of June 30, 2021[27] - The controlling entity Hearthfire is fully owned by Executive Director Mr. She, holding 611,250,000 shares, representing 61.125% of the total[30] - Executive Director Ms. Chan holds 86,250,000 shares in Present Moment, representing 8.625% of the total[30] - There are no other individuals or entities holding significant interests in the company's shares as of June 30, 2021[28] Leadership Structure - The chairman and CEO roles are currently held by the same individual, which the board believes enhances internal leadership consistency[23] - The company will continue to review the separation of the chairman and CEO roles as necessary[23] Financial Position - As of June 30, 2021, the total equity attributable to the owners of the company was HKD 39,388,000, down from HKD 39,612,000 at the beginning of the period[44] - The company’s retained earnings decreased from HKD 6,787,000 to HKD 7,011,000 during the reporting period[44] - The company’s total assets and liabilities were not disclosed in the provided documents, indicating a focus on equity and comprehensive income[46] Other Information - The company is registered in the Cayman Islands and primarily operates in the home goods retail and e-commerce sectors[46] - The financial data is prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[48] - The company has adopted new accounting policies effective from April 1, 2021, but these did not significantly impact the financial results[52] - The company’s comprehensive income for the current period included a foreign exchange loss of HKD 18,000[44] - The company reported a foreign exchange gain of HKD 26,000 for the current period, compared to a loss of HKD 147,000 in the previous year[64] - The company’s total income from other sources was HKD 92,000, with interest income contributing HKD 45,000[55] - Basic earnings per share for the quarter were HKD 0.09, compared to a loss of HKD 0.02 per share in the previous year[39] - Basic and diluted earnings per share for the current period were both equal to the basic earnings per share, as there were no potential dilutive ordinary shares issued during the period[68] - The board of directors did not recommend any dividend payment for the current period, consistent with the previous period[69] - There have been no significant events affecting the company from June 30, 2021, to the report date[22] - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[36]
舍图控股(08392) - 2022 Q1 - 季度财报