Financial Performance - The company recorded unaudited revenue of approximately HKD 6.6 million for the three months ended June 30, 2021, representing an increase of approximately 161.1% compared to the same period last year[3]. - The unaudited loss attributable to owners of the company for the same period was HKD 2.1 million, slightly higher than the loss of HKD 2.0 million in the previous year, primarily due to a decrease in gross profit[3]. - Basic and diluted loss per share for the three months ended June 30, 2021, was approximately HKD 0.52, compared to HKD 0.50 for the same period in 2020[4]. - The company's gross profit for the three months ended June 30, 2021, was HKD 2.15 million, compared to HKD 1.97 million in the previous year[7]. - The company reported an operating loss of HKD 1.49 million for the three months ended June 30, 2021, an improvement from the operating loss of HKD 2.26 million in the same period last year[7]. - Revenue from precision 3D inspection solutions increased from HKD 2.5 million in the three months ended June 30, 2020, to HKD 6.6 million in the same period of 2021, primarily due to an increase in contract value for executed projects[31]. - Sales cost increased by 698.4% from HKD 0.5 million for the three months ended June 30, 2020, to HKD 4.4 million for the three months ended June 30, 2021, primarily due to higher equipment costs for solution projects[32]. - Gross profit increased by 9.1% from HKD 2.0 million for the three months ended June 30, 2020, to HKD 2.1 million for the three months ended June 30, 2021, while gross margin decreased from 77.9% to 32.6%[33]. - The company recorded a loss of HKD 2.1 million for the three months ended June 30, 2021, compared to a loss of HKD 2.0 million for the same period in 2020, with the increase in loss attributed to the decrease in gross profit[38]. Revenue Breakdown - Total revenue from precision 3D inspection solutions was HKD 6.6 million, with equipment sales contributing HKD 4.85 million and technical services contributing HKD 1.74 million[17]. - Revenue from static 3D scanning was HKD 6.6 million, significantly up from HKD 2.31 million in the previous year[17]. Expenses and Investments - Sales and marketing expenses for the period were HKD 1.08 million, an increase from HKD 0.997 million in the previous year[7]. - Administrative expenses decreased by 15.6% from HKD 3.2 million for the three months ended June 30, 2020, to HKD 2.7 million for the three months ended June 30, 2021, mainly due to reduced R&D expenses[36]. - The company has not made any significant investments or acquisitions during the three months ended June 30, 2021[47][49]. Future Plans and Strategy - The company aims to continue organic expansion and enhance market competitiveness while increasing its talent pool for future business growth[28]. - The company plans to invest in research and development to strengthen its core technologies and enhance competitiveness[28]. - The company expects to promote its integrated smart manufacturing solutions and solidify its market position and customer confidence[28]. - The company plans to enhance R&D efforts and establish its own R&D center to maintain technological leadership and competitiveness in the rapidly changing smart manufacturing solutions market[51]. - The company is increasing sales and marketing efforts to expand its sales team and coverage area to win new contracts and increase market share[51]. Corporate Governance - The company has not adopted any new accounting standards that would have a significant impact on its financial performance or position[13]. - The financial results are prepared in accordance with applicable Hong Kong Financial Reporting Standards and have been approved by the board of directors on August 9, 2021[12]. - The company did not recommend any interim dividend for the three months ended June 30, 2021, consistent with the previous year[23]. - The board does not recommend the payment of an interim dividend for the three months ended June 30, 2021, consistent with the previous year[72]. - The company has adopted the trading standards as per GEM Listing Rules for its directors, confirming compliance as of June 30, 2021[71]. - The chairman and CEO roles are held by the same individual, Mr. Ng, which the company believes provides strong leadership[69]. Shareholder Information - As of June 30, 2021, major shareholder IFG Swans holds 293,940,000 shares, representing 73.49% of the issued share capital[60]. - There were no options granted, exercised, cancelled, or lapsed under the share option scheme from its adoption date until June 30, 2021[63]. - There were no shareholdings or short positions in the company's shares or related securities that required disclosure under the Securities and Futures Ordinance as of June 30, 2021[60]. - The company had no significant contingent liabilities, capital commitments, or asset pledges as of June 30, 2021[40][41][42]. - The company had a total of 23 employees as of June 30, 2021, down from 25 in 2020, emphasizing the importance of talent retention and competitive compensation[50]. Audit and Compliance - The audit committee reviewed the quarterly results and the report on August 9, 2021[73]. - The company did not engage in any related party transactions or continuing connected transactions during the reporting period[66]. - The company has no knowledge of any other person or entity holding interests that require disclosure under the Securities and Futures Ordinance as of June 30, 2021[60].
民富国际(08511) - 2022 Q1 - 季度财报