Financial Performance - Revenue for the three months ended June 30, 2021, was HKD 32,559,000, representing an increase of 10.8% compared to HKD 29,436,000 for the same period in 2020[6] - Gross profit for the same period was HKD 21,165,000, with a gross margin of approximately 65%[6] - The net profit for the three months ended June 30, 2021, was HKD 3,434,000, a decrease of 25.5% from HKD 4,614,000 in the prior year[6] - Basic earnings per share for the period was HKD 0.31, down from HKD 0.41 in the same quarter of the previous year[6] - The company reported a decrease in pre-tax profit to HKD 4,241,000 from HKD 5,878,000 year-over-year[6] - Total revenue for the three months ended June 30, 2021, was HKD 32,559,000, an increase of 7.2% from HKD 29,436,000 in the same period of 2020[17] - Gross profit for the three months ended June 30, 2021, was HKD 32,516,000, compared to HKD 29,321,000 in the previous year, reflecting a growth of 7.5%[17] - The pre-tax profit for the three months ended June 30, 2021, was HKD 3,434,000, down 25.5% from HKD 4,614,000 in the same period of 2020[22] - The group's revenue increased from approximately HKD 29,400,000 to approximately HKD 32,600,000, representing a growth of about 10.6%[30] - The group's net profit decreased from approximately HKD 4,600,000 to approximately HKD 3,400,000, a decline of about 25.6%[40] - Basic earnings per share fell from approximately HKD 0.41 to about HKD 0.31[41] Expenses and Costs - Administrative and operating expenses for the quarter were HKD 7,819,000, compared to HKD 8,358,000 in the previous year, indicating a reduction of approximately 6.4%[6] - Employee benefit expenses totaled HKD 6,943,000 for the three months ended June 30, 2021, an increase of 21.6% from HKD 5,710,000 in the previous year[18] - Selling and distribution expenses increased from approximately HKD 6,900,000 to approximately HKD 8,100,000, an increase of about 18.2%[35] - The cost of sales rose from approximately HKD 10,100,000 to approximately HKD 11,400,000, an increase of about 13.0%[31] - Administrative and operating expenses decreased from approximately HKD 8,400,000 to approximately HKD 7,800,000, a decline of about 6.4%[37] Dividends and Shareholder Information - The company declared a special dividend of HKD 0.018 per share, totaling approximately HKD 20,200,000, to be paid on September 24, 2021[24] - The board declared a special dividend of HKD 0.018 per ordinary share, totaling approximately HKD 20,200,000[44] - The company’s major shareholder, Prime Era, holds 559,000,000 shares, representing 49.9% of the company's equity[59] - Another major shareholder, Ms. Xing Jiajue, holds 246,510,000 shares, representing 22.0% of the company's equity[59] Taxation - The company reported a decrease in income tax expense to HKD 807,000 for the three months ended June 30, 2021, from HKD 1,264,000 in the same period of 2020[19] - The effective tax rate decreased from approximately 21.5% to about 19.0%[39] Corporate Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with GEM listing rules[11] - The company is committed to maintaining transparency and accuracy in its financial reporting, as confirmed by the board of directors[12] - The company has complied with the corporate governance code, except for a deviation regarding the separation of roles between the chairman and the CEO[66] - The founder, Ms. Yuan Miming, serves as both the chairman and CEO, which the board believes is in the best interest of the company[67] - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules and corporate governance codes[70] - The audit committee's main responsibilities include independent reviews of the group's financial reporting procedures and oversight of the audit process[70] Business Strategy - The company continues to focus on multi-brand beauty and health product retailing in Hong Kong[10] - The company plans to maintain its leading position in the multi-brand retail sector for skincare and cosmetics in Hong Kong by expanding its sales network and enhancing its product offerings[28] - The company aims to leverage its comprehensive understanding of the skincare and cosmetics market to seize growth opportunities[28] - The company operates ten retail stores under the "MI MING MART" brand, focusing on health and beauty products[27] Other Information - No significant acquisitions or disposals were made by the company during the three months ended June 30, 2021[48] - As of June 30, 2021, the company had no significant contingent liabilities[49] - The company has not granted any options under its share option scheme since its adoption on January 23, 2018[61] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2021[68] - The group recorded a loss of approximately HKD 800,000, primarily due to a foreign exchange loss of about HKD 700,000[34]
弥明生活百货(08473) - 2022 Q1 - 季度财报