Financial Performance - Total revenue for the three months ended June 30, 2021, was HK$11,187,000, a decrease of 13% from HK$12,839,000 in the same period of 2020[3] - Gross profit for the same period was HK$3,468,000, down 40% from HK$5,816,000 year-on-year[3] - Profit attributable to owners of the company for the three months was HK$1,095,000, a decline of 64% compared to HK$3,064,000 in the previous year[3] - Basic and diluted earnings per share were HK$0.27, compared to HK$0.77 for the same period in 2020, reflecting a 65% decrease[3] - Revenue from leasing and related services was HK$10,863,000, down 10% from HK$12,056,000 in the prior year[14] - Revenue from equipment and parts trading was HK$324,000, a significant drop of 59% from HK$783,000 in the same period last year[14] - The total profit and comprehensive income decreased by approximately 64.3% to about HKD 1.1 million for the three months ended June 30, 2021, compared to approximately HKD 3.1 million for the same period in 2020[35] - The company’s basic earnings per share for the three months ended June 30, 2021, was HKD 0.27, down from HKD 0.77 for the same period in 2020[22] Expenses and Costs - Administrative expenses increased to HK$2,587,000 from HK$2,021,000, representing a rise of 28% year-on-year[3] - Financing costs decreased to HK$37,000 from HK$140,000, showing a reduction of 74%[3] - Sales and service costs increased by approximately 9.9% to about HKD 7.7 million for the three months ended June 30, 2021, compared to approximately HKD 7.0 million for the same period in 2020[29] - Other income decreased significantly to about HKD 10,000 for the three months ended June 30, 2021, from approximately HKD 169,000 for the same period in 2020, primarily due to the lack of pandemic relief fund subsidy income[31] Equity and Taxation - The company reported a tax credit of HK$241,000 for the period, compared to a tax expense of HK$760,000 in the previous year[3] - The total equity as of June 30, 2021, was HK$125,484,000, an increase from HK$122,874,000 as of June 30, 2020[5] Corporate Governance - The company is owned 30.0% by Xingji Limited, which is controlled by Mr. Tang Xingqiang (90% ownership) and Ms. Qu Fengyi (10% ownership)[37] - The board believes that having Mr. Tang serve as both Chairman and CEO is beneficial for the company's operations and management[43] - The company has complied with all corporate governance code provisions as of June 30, 2021, except for the separation of the roles of Chairman and CEO[43] - No competitive business interests were reported by the directors or major shareholders that could conflict with the company's operations[45] - The company has adopted the GEM Listing Rules for regulating securities trading by directors[48] - The audit committee was established on February 23, 2017, in compliance with corporate governance codes and GEM listing rules, consisting of four independent non-executive directors[49] - The audit committee reviewed the unaudited consolidated financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[49] - The executive directors include the Chairman and CEO, along with the Vice Chairman and another executive director, ensuring a strong leadership structure[49] Shareholder Information - Mr. Tang Xingqiang holds 120,000,000 shares, representing 30.0% of the issued shares[41] - Ms. Woo Lan Ying holds 93,688,000 shares, accounting for approximately 23.42% of the issued shares[42] - There were no stock options granted or exercised as of June 30, 2021[44] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2021[47] - There were no disclosures of interests or short positions in shares or debentures by directors or senior management other than those mentioned[41]
兴铭控股(08425) - 2022 Q1 - 季度财报