Financial Performance - The company's revenue for Q1 2021 was approximately HKD 24.7 million, an increase of about 10.7% from HKD 22.3 million in Q1 2020[5] - Gross profit rose from HKD 4.4 million in Q1 2020 to HKD 4.9 million in Q1 2021, maintaining a stable gross margin of 19.9% compared to 19.7% in the previous year[13] - The company reported a loss attributable to owners of approximately HKD 1.9 million in Q1 2021, compared to a profit of HKD 0.05 million in Q1 2020, primarily due to the absence of government subsidies[6] - The company's revenue for the three months ended June 30, 2021, was HKD 24,653,996, representing a 10.6% increase from HKD 22,275,746 in the same period of 2020[35] - Gross profit for the same period was HKD 4,898,621, up from HKD 4,388,890, indicating a gross margin improvement[35] - Operating loss for the quarter was HKD 1,567,473, compared to an operating profit of HKD 213,765 in the prior year[35] - The net loss attributable to the company's owners for the period was HKD 1,922,292, a significant decline from a profit of HKD 54,649 in the same quarter of 2020[35] - Basic and diluted loss per share was HKD (0.21), compared to earnings per share of HKD 0.01 in the previous year[35] - The company reported other income of HKD 280,941, down from HKD 2,771,641 in the same period last year[35] - The total comprehensive loss for the period was HKD 1,922,292, reflecting the overall financial performance[37] - The company reported a basic loss attributable to owners of HKD 1,922,292,000 for the period, compared to a profit of HKD 54,649,000 for the same period in 2020[50] Cost Management - Sales and administrative expenses decreased to HKD 7.0 million in Q1 2021 from HKD 7.9 million in Q1 2020, attributed to reduced depreciation and lower employee costs[17] - The company aims to continue actions to control costs and improve efficiency to maintain competitiveness in the market[6] Market Conditions - The overall market sentiment improved in Q1 2021, leading to increased demand for printing services, particularly offset and inkjet printing[12] - The company anticipates ongoing uncertainty in economic recovery due to the COVID-19 pandemic and its variants, which may impact financial performance[6] Shareholding Structure - As of June 30, 2021, Mr. Zhou Wenqiang holds 280,400,000 shares, representing approximately 31.16% of the company's issued share capital[22] - As of June 30, 2021, Mr. Xu Qingnai holds 110,500,000 shares, representing approximately 12.28% of the company's issued share capital[22] - As of June 30, 2021, Mr. Liang Yuechang holds 66,460,000 shares, representing approximately 7.38% of the company's issued share capital[22] - As of June 30, 2021, Ms. Xiao Minyin holds 280,400,000 shares, representing approximately 31.16% of the company's issued share capital[25] - As of June 30, 2021, Ms. Wu Liya holds 110,500,000 shares, representing approximately 12.28% of the company's issued share capital[25] - As of June 30, 2021, Ms. Mo Chun'e holds 66,460,000 shares, representing approximately 7.38% of the company's issued share capital[25] Corporate Governance - The company has complied with all corporate governance code provisions as set out in the GEM Listing Rules during the three months ended June 30, 2021[28] - The audit committee has reviewed the unaudited financial statements, ensuring compliance with applicable accounting standards and regulations[33] - The company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the three months ended June 30, 2021[30] - There are no interests held by directors, controlling shareholders, or their close associates in any business that competes directly or indirectly with the company's business as of June 30, 2021[31] Taxation - The current Hong Kong profits tax provision was calculated at an estimated taxable profit rate of 16.5%, unchanged from 2020[49] - Deferred tax items included a gain of HKD 158,547,000, compared to a loss of HKD 19,987,000 in the previous year[4] - The group did not incur any Cayman Islands income tax due to applicable regulations[4] Business Strategy - The company is exploring horizontal expansion and diversification of services to increase market share and enhance brand reputation[10] - The company continues to operate primarily in the printing services and products trade sector, with all revenue generated from external customers in Hong Kong[46] - The company's customer base is diversified, with no single customer accounting for more than 10% of total revenue[45] Other Income - Other income in Q1 2021 included approximately HKD 0.2 million from lease modifications, down from HKD 0.9 million in Q1 2020[15]
环球印馆(08448) - 2022 Q1 - 季度财报