Financial Performance - The Group recorded an unaudited revenue of approximately HK$4.6 million for the three months ended 31 August 2021, representing an increase of approximately 311% compared to HK$1.1 million for the corresponding period in 2020[24]. - The Group's unaudited loss for the period was approximately HK$6.5 million, a decrease from a loss of approximately HK$8.9 million in the same period of 2020, indicating an improvement of about 27.8%[24]. - Loss per share for the period attributable to the owners of the Company was HK$0.81, compared to HK$1.12 for the same period in 2020, reflecting a reduction of approximately 27.7%[49]. - The Group's gross loss for the period was approximately HK$3.4 million, compared to a gross loss of approximately HK$6.6 million in the corresponding period of 2020, showing a decrease of about 49%[30]. - The total comprehensive expense for the period was approximately HK$6.5 million, compared to HK$9.0 million in the same period of 2020[49]. - The Group reported a total comprehensive loss of HK$6,475,000 for the three months ended 31 August 2021, compared to a loss of HK$8,589,000 for the same period in 2020, indicating a reduction in losses by approximately 24.6%[64]. - The loss attributable to owners of the Company for the three months ended 31 August 2021 was HK$6,475,000, an improvement from a loss of HK$8,978,000 in the same period of 2020[103]. Revenue Sources - Revenue for the three months ended 31 August 2021 was approximately 38.9% from pop concerts, a significant increase from approximately 2% for the same period in 2020[117]. - The Group engaged in 29 pop concert shows during the three months ended 31 August 2021, compared to only 1 show in the same period of 2020[117]. - Total revenue from visual display solution services and equipment rental was reported at HK$4,630,000 for the three months ended 31 August 2021[118]. - Revenue from visual display solutions accounted for 98% of total revenue, down from approximately 100% in the same period last year[123]. - The number of pop concert shows increased from 2 to 29, contributing to a revenue increase from approximately HK$10,000 to approximately HK$61,000 per show[128]. - Revenue from other live events increased, with average revenue per show rising from approximately HK$3,000 to approximately HK$14,000[131]. - The Group's revenue from pop concerts in Hong Kong was HK$1.73 million, accounting for 97.2% of total revenue from pop concerts[134]. - The average revenue per show for pop concerts in Hong Kong was HK$62, while in Macau it was HK$50[134]. - The increase in revenue from pop concerts was primarily due to a higher number of shows and increased average revenue per show[129]. - The Group's overall revenue growth reflects a recovery in live events following the impact of the pandemic[123]. Expenses and Costs - Administrative expenses for the period were approximately HK$3.2 million, compared to HK$2.3 million in the same period of 2020, representing an increase of approximately 39.8%[30]. - The Group's operating loss was approximately HK$6.3 million, an improvement from an operating loss of approximately HK$8.9 million in the same period of 2020[30]. - The Group's finance costs for the period were approximately HK$150,000, compared to HK$114,000 in the same period of 2020, indicating an increase of about 31.6%[30]. Dividends and Taxation - The Board does not recommend the payment of a dividend for the three months ended 31 August 2021[24]. - No dividends were recommended for the three months ended 31 August 2021, consistent with the same period in 2020[90]. - The Group's effective income tax for the three months ended 31 August 2021 was nil, the same as in the previous year[89]. - The Group's Hong Kong subsidiary was subject to a profit tax rate of 16.5% on estimated assessable profits during the three months ended 31 August 2021[88]. - The Macau subsidiary was subject to a complementary tax rate of 12.0% on estimated assessable income exceeding MOP600,000 during the same period[89]. Strategic Focus and Market Presence - The Group's operations primarily focus on providing visual display solution services for concerts and events in Hong Kong, Macau, and the PRC, indicating a targeted market strategy[68]. - The Group has diversified its visual display solutions to include other live events such as exhibitions and extended reality projects to offset the impacts of COVID-19[117]. - The Group plans to continue expanding its market presence and enhancing its service offerings in the live event sector[123]. Financial Reporting and Compliance - The unaudited condensed consolidated financial statements are presented in Hong Kong dollars (HK$), ensuring clarity in financial reporting[68]. - The Group's financial information is prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency in financial reporting[71]. - The Group has not early adopted new accounting standards that are not yet effective, and is currently assessing their potential impact on financial results[74]. - The Group's shares were listed on GEM of The Stock Exchange of Hong Kong Limited on 14 June 2017, marking a significant milestone in its corporate journey[68].
耀星科技集团(08446) - 2022 Q1 - 季度财报