Financial Performance - The company recorded unaudited revenue of approximately HKD 2.5 million for the three months ended June 30, 2020, a decrease of about 40.6% compared to the same period last year[5]. - The unaudited loss attributable to owners of the company for the same period was HKD 2.0 million, compared to a loss of HKD 1.8 million in the previous year, primarily due to a decrease in gross profit[5]. - Basic and diluted loss per share for the period was approximately HKD 0.50, compared to HKD 0.46 in 2019[6]. - Gross profit for the three months ended June 30, 2020, was HKD 1.969 million, down from HKD 2.671 million in the same period last year[9]. - Operating loss for the period was HKD 2.259 million, compared to an operating loss of HKD 1.904 million in the previous year[9]. - The company reported a net loss before tax of HKD 2.254 million, compared to a loss of HKD 1.896 million in the previous year[9]. - The total comprehensive loss attributable to owners of the company for the period was HKD 2.011 million, compared to HKD 1.825 million in the same period last year[9]. - For the three months ended June 30, 2020, the company reported a loss attributable to owners of the company of HKD 2,011,000, compared to a loss of HKD 1,825,000 for the same period in 2019, representing an increase in loss of approximately 10.2%[28]. - The basic loss per share for the three months ended June 30, 2020, was HKD 0.50, compared to HKD 0.46 for the same period in 2019, indicating a deterioration in performance[28]. - The company's revenue for the three months ended June 30, 2020, was approximately HKD 2.5 million, a decrease of 40.6% compared to HKD 4.3 million for the same period in 2019[35]. - The gross profit decreased from HKD 2.7 million for the three months ended June 30, 2019, to HKD 2.0 million for the same period in 2020, representing a decline of 26.3%[40]. - The gross margin increased from 62.8% in the three months ended June 30, 2019, to 77.9% in the same period in 2020, due to higher-margin technical service projects being executed[40]. - The company recorded a loss of HKD 2.0 million for the three months ended June 30, 2020, compared to a loss of HKD 1.8 million for the same period in 2019, indicating an increase in losses[44]. Revenue Sources - Total revenue from technical services was HKD 2.526 million, while equipment sales were not recorded in the current period, down from HKD 3.367 million in the previous year[18]. - Revenue from static 3D scanning was HKD 2.315 million, while dynamic 3D scanning revenue was HKD 211 thousand, compared to HKD 3.367 million and HKD 885 thousand respectively in 2019[18]. Expenses and Cost Management - The company incurred administrative expenses of HKD 3.169 million, slightly down from HKD 3.401 million in the previous year[9]. - Sales and marketing expenses decreased by 18.2% from HKD 1.2 million for the three months ended June 30, 2019, to HKD 1.0 million for the same period in 2020, primarily due to reduced travel expenses related to COVID-19[41]. Business Development and Strategy - The company secured 2 new projects and completed 10 existing projects during the reporting period, resulting in a total of 8 ongoing projects, all of which are precision 3D inspection solution projects[31]. - The company plans to expand its business and increase market share by actively exploring new markets and engaging with new customers while solidifying existing customer relationships[32]. - The company aims to maintain its technological leadership by increasing R&D efforts to develop advanced new products and technologies, thereby expanding the application range of its solutions and reducing project costs[32]. - The company plans to enhance its research and development efforts by establishing its own R&D center and recruiting more technical talent to maintain a competitive edge in technology[58]. - The company aims to expand its sales team and administrative management to increase market share and win new contracts[58]. Shareholder Information - As of June 30, 2020, the major shareholder IFG Swans holds 293,940,000 shares, representing 73.49% of the issued share capital[66]. - Ruan David Ching Chi holds 29,116,000 shares, accounting for 7.28% of the issued share capital[66]. Corporate Governance - The company has not proposed any interim dividend for the three months ended June 30, 2020, consistent with the previous year[26]. - The company did not recommend an interim dividend for the three months ended June 30, 2020, compared to no dividend for the same period in 2019[80]. - The company has complied with the applicable code provisions of the GEM Listing Rules Appendix 15 as of June 30, 2020[78]. - The audit committee reviewed the quarterly results for the three months ended June 30, 2020, on July 29, 2020[82]. - The company has not engaged in any related party transactions or continuing connected transactions during the reporting period[74]. - The chairman and CEO roles are held by the same individual, Mr. Wu, which the company believes provides strong leadership[75]. - The company has adopted trading standards for directors' securities transactions in compliance with GEM Listing Rules[79]. Employment and Workforce - The company had a total of 25 employees as of June 30, 2020, down from 28 in 2019, reflecting a focus on maintaining a competitive workforce[55]. - The company will continue to recruit professional sales, marketing, and administrative personnel to maintain an appropriate talent pool in line with future business expansion needs[32]. Financial Position - The company had no bank borrowings or other interest-bearing debts as of June 30, 2020[45]. - There were no significant contingent liabilities or capital commitments as of June 30, 2020[46][47]. - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ended June 30, 2020[72]. - No stock options were granted, exercised, cancelled, or lapsed from the adoption of the share option scheme until June 30, 2020[70]. - The company has been monitoring the impact of the COVID-19 pandemic on its financial performance, noting that current projects are progressing steadily without significant impact from the pandemic[33].
民富国际(08511) - 2021 Q1 - 季度财报