Financial Performance - For the three months ended June 30, 2021, the group recorded revenue of approximately HKD 98.7 million, an increase of about HKD 11.6 million or 13.3% compared to the same period in 2020[3]. - The net profit attributable to the owners of the company for the same period was approximately HKD 9.8 million, representing an increase of about HKD 2.3 million or 30.5% from HKD 7.5 million in the prior year[3]. - The gross profit for the three months ended June 30, 2021, was HKD 16.6 million, compared to HKD 12.4 million for the same period in 2020, indicating a significant improvement in profitability[6]. - The basic earnings per share for the period was HKD 3.50, up from HKD 2.68 in the previous year[6]. - The company reported a pre-tax profit of HKD 11.8 million for the three months ended June 30, 2021, compared to HKD 8.9 million in the same period of 2020[6]. - The company reported a gross profit margin increase, attributed to higher sales volumes and improved product mix despite the challenges posed by COVID-19[31]. - Gross profit for the three months ended June 30, 2021, was approximately HKD 16.6 million, a 34.6% increase from HKD 12.4 million in the same period of 2020, with a gross margin of approximately 16.9%, up 2.7 percentage points from 14.2%[37]. Revenue Sources - The company's revenue increased by approximately 13.3% from about HKD 87.1 million for the three months ended June 30, 2020, to about HKD 98.7 million for the three months ended June 30, 2021, primarily due to increased sales of products such as sweet shrimp and king crab legs[35]. - Revenue from frozen seafood wholesalers was HKD 94.891 million for the three months ended June 30, 2021, up from HKD 82.360 million in the same period of 2020, reflecting a growth of approximately 15.5%[20]. - The revenue from the Hong Kong market was HKD 83.669 million for the three months ended June 30, 2021, compared to HKD 68.405 million for the same period in 2020, representing an increase of approximately 22.4%[21]. Expenses and Costs - The cost of goods sold for the three months ended June 30, 2021, was HKD 82.0 million, compared to HKD 74.7 million in the same period last year[6]. - Selling and distribution costs for the three months ended June 30, 2021, were approximately HKD 2.7 million, a 59.5% increase from HKD 1.7 million in the same period of 2020, representing 2.7% of total revenue[39]. - Administrative expenses for the period were HKD 1.9 million, slightly up from HKD 1.9 million in the previous year[6]. - Tax expenses for the three months ended June 30, 2021, were approximately HKD 1.98 million, an increase of 39.1% from HKD 1.42 million in the same period of 2020[42]. Equity and Dividends - The total equity as of June 30, 2021, was HKD 170.3 million, an increase from HKD 146.8 million as of June 30, 2020[8]. - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2021[4]. - The company does not recommend the payment of an interim dividend for the period[28]. - The board did not recommend any dividend distribution for the three months ended June 30, 2021[50]. Shareholder Information - Major shareholder, Charson Holdings Limited, holds 201,600,000 shares, representing 72% of the total shares[56]. - The weighted average number of ordinary shares issued remained at 280,000,000 for both periods, with no potential ordinary shares to report for diluted earnings per share[29]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2021[60]. - No major or high-shareholding shareholders engaged in any business that directly or indirectly competes with the group during the reporting period[61]. Future Outlook and Challenges - The company anticipates facing significant challenges in its business due to the uncertainties caused by the COVID-19 pandemic, but remains cautiously optimistic about its future prospects[32]. - The company plans to enhance cost-saving measures in response to ongoing challenges from the COVID-19 pandemic while maintaining its market position in the frozen seafood import and wholesale industry[32]. - The company has established sales agency arrangements with several new overseas suppliers since its listing and will continue to seek exclusive agency arrangements to expand its product offerings[34]. Compliance and Governance - The audit committee, established on September 21, 2017, reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2021, ensuring compliance with applicable accounting standards[66]. - The company has adopted the GEM Listing Rules for securities trading by directors, confirming compliance since the listing date[62]. - No stock options were granted, exercised, expired, or lapsed during the three months ended June 30, 2021[63]. - No significant investments, acquisitions, or disposals of subsidiaries were reported for the three months ended June 30, 2021[49].
大洋环球控股(08476) - 2022 Q1 - 季度财报