Financial Performance - For the three months ended March 31, 2020, the company reported revenue of HKD 19,721,000, a decrease of 25.9% compared to HKD 26,568,000 for the same period in 2019[4] - The gross profit for the same period was HKD 5,213,000, down 54.4% from HKD 11,407,000 in the previous year[4] - The company recorded a loss before tax of HKD 7,734,000, compared to a loss of HKD 2,222,000 in the prior year, representing a significant increase in losses[4] - The net loss for the period was HKD 7,740,000, compared to a net loss of HKD 2,317,000 in the same quarter of 2019, indicating a year-over-year increase of 233.5%[4] - Basic and diluted loss per share for the period was HKD 1.94, compared to HKD 0.57 for the same period last year[4] - The company reported total comprehensive loss of HKD 7,735,000 for the period, compared to a total comprehensive loss of HKD 2,324,000 in the previous year[4] - The company's revenue for the three months ended March 31, 2020, was approximately HKD 19.7 million, a decrease of about 25.8% compared to HKD 26.6 million for the same period in 2019[22] - The gross profit decreased from approximately HKD 11.4 million for the three months ended March 31, 2019, to approximately HKD 5.2 million for the same period in 2020, representing a decline of about 54.3%[26] - The company reported a loss attributable to owners of approximately HKD 7.8 million for the three months ended March 31, 2020, compared to a loss of HKD 2.3 million for the same period in 2019[20] - The group's loss increased from approximately HKD 2.3 million for the three months ended March 31, 2019, to approximately HKD 7.7 million for the three months ended March 31, 2020, representing an increase of approximately 234.1% or about HKD 5.4 million, primarily due to a decrease in gross profit[31] Expenses and Costs - The company’s financing costs increased to HKD 801,000 from HKD 11,000 in the previous year, indicating a significant rise in financial expenses[4] - The company's sales expenses decreased by approximately 31.0% from HKD 3.3 million for the three months ended March 31, 2019, to HKD 2.3 million for the same period in 2020[27] - Administrative expenses decreased from approximately HKD 10.3 million for the three months ended March 31, 2019, to HKD 9.7 million for the same period in 2020, a reduction of about 6.0%[28] - The income tax expense decreased by approximately 93.7% from HKD 95,000 for the three months ended March 31, 2019, to HKD 6,000 for the same period in 2020[30] Shareholder Information - As of March 31, 2020, major shareholders HM Ultimate held 297,045,000 shares, representing approximately 74.26% of the company's total issued shares[38] - The company had no share options granted, exercised, lapsed, or cancelled during the three months ended March 31, 2020, with a total of 1,200,000 share options remaining unexercised[40] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the three months ended March 31, 2020[41] Corporate Governance - The company confirmed compliance with all corporate governance codes applicable during the three months ended March 31, 2020[42] - No directors, management, or controlling shareholders participated in any competing businesses or had any conflicts of interest during the three months ended March 31, 2020[43] - The company adopted the GEM Listing Rules for securities trading standards, and all directors confirmed compliance during the three months ended March 31, 2020[44] - The Audit Committee was established on December 15, 2016, to oversee financial reporting processes and risk management[46] - The Audit Committee consists of three independent non-executive directors, including Mr. Wu Haoyun as the chairman[46] - The committee reviewed the accounting principles adopted by the group and discussed audit, risk management, and internal control matters[46] - The group reviewed its unaudited condensed consolidated financial statements for the three months ended March 31, 2020[46] Business Outlook - The company has not disclosed any new product developments or market expansion strategies during this reporting period[4] - The company continues to operate in the integrated printing services sector, focusing on financial printing and marketing-related products[7] - The company is optimistic about maintaining its core business despite economic uncertainties and is actively seeking business development opportunities through mergers and existing customer bases[23] Dividends - The company did not propose any dividend for the three months ended March 31, 2020, consistent with the previous year[19] - The board did not propose any dividend for the three months ended March 31, 2020, consistent with the previous year[32]
HM INTL HLDGS(08416) - 2020 Q1 - 季度财报