Financial Performance - The company's revenue for the first quarter of 2019 was approximately HKD 36.6 million, a decrease of about 3.1% from HKD 37.8 million in the first quarter of 2018[4] - Gross profit for the first quarter of 2019 was approximately HKD 6.7 million, down about 10.4% from HKD 7.5 million in the same period last year[4] - The net loss attributable to the owners of the company for the first quarter of 2019 was approximately HKD 2.1 million, compared to a net loss of HKD 1.0 million in the first quarter of 2018[4] - The gross margin decreased from approximately 19.8% in the first quarter of 2018 to about 18.3% in the first quarter of 2019[11] - For the three months ended June 30, 2019, the company reported total revenue of HKD 36,643,114, a decrease of 3.1% compared to HKD 37,812,780 in the same period of 2018[31] - The gross profit for the same period was HKD 6,716,602, down 10.4% from HKD 7,497,718 year-on-year[31] - Operating profit for the quarter was HKD 1,333,119, a significant improvement from an operating loss of HKD 897,200 in the previous year[31] - The company achieved a profit attributable to owners of HKD 1,079,034, compared to a loss of HKD 1,038,795 in the same quarter of 2018[31] - Basic and diluted earnings per share for the quarter were HKD 0.12, recovering from a loss per share of HKD 0.12 in the previous year[31] - The reported segment profit for the three months ended June 30, 2019, was HKD 4,567,275, an increase of 83.1% compared to HKD 2,495,257 in the same period of 2018[50] - The company recorded a basic earnings of HKD 1,079,034 for the period, compared to a loss of HKD 1,038,795 in the same period of 2018[56] Revenue Streams - The contribution of offset printing to total revenue was HKD 27.7 million, accounting for 75.5% of total revenue, a decrease of 3.7% from HKD 28.7 million in the previous year[9] - Inkjet printing revenue remained stable at HKD 5.2 million for both the first quarters of 2018 and 2019[10] - Other services revenue decreased from HKD 1.4 million in the first quarter of 2018 to HKD 1.3 million in the first quarter of 2019, primarily due to a decline in demand for pre-press design services[10] - The main revenue streams included HKD 27,651,663 from offset printing, HKD 2,471,934 from digital printing, and HKD 5,223,588 from inkjet printing[42] - The digital printing segment generated revenue of HKD 2,471,934, slightly up from HKD 2,469,405 in the same period of 2018[50] - The inkjet printing segment reported revenue of HKD 5,223,588, which remained stable compared to HKD 5,217,315 in the previous year[50] Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code as per GEM Listing Rules Appendix 15 for the three months ending June 30, 2019[23] - The financial statements were reviewed by the audit committee and comply with applicable accounting standards and GEM listing rules[31] - The company has a compliance advisor, Boshi Finance Limited, which has no interests related to the company that require disclosure under GEM Listing Rules as of June 30, 2019[28] - There are no interests held by directors, controlling shareholders, or their close associates in any business that directly or indirectly competes with the company's business as of June 30, 2019[26] Shareholder Information - As of June 30, 2019, the major shareholders include Mr. Zhou with 280,400,000 shares (31.16%), Mr. Xu with 110,500,000 shares (12.28%), Mr. Liang with 66,460,000 shares (7.38%), and Mr. Huang with 30,380,000 shares (3.38%) of the company's issued share capital[16] - The company has adopted a share option scheme effective from February 26, 2018, which will remain valid for 10 years, with no options granted, exercised, lapsed, or cancelled as of the report date[22] Operational Strategies - The company plans to utilize the newly acquired six-color offset printing machine to expand its product range and enhance its service offerings[8] - The company will closely monitor market trends and strengthen control over operating expenses to maintain profitability and competitiveness in the market[8] - The company plans to maintain its operational strategies while exploring potential market expansions and new product developments[37] - The company continues to focus on general printing services and trading of printing products, with operations primarily based in Hong Kong[37] Other Financial Information - The company incurred financing costs of HKD 30,870, an increase from HKD 6,658 in the same period of 2018[50] - Depreciation expenses for the period were HKD 126,906, down from HKD 194,510 in the same period of 2018[50] - The company did not incur any income tax in the Cayman Islands, as per local regulations[52] - The company’s total assets and liabilities are monitored based on the performance of each reportable segment[50] - The company continues to manage its operating segments independently due to differing resource requirements[50] - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the three months ending June 30, 2019[25]
环球印馆(08448) - 2020 Q1 - 季度财报