Financial Performance - The company reported a loss of HKD 5,220,000 for the three months ended June 30, 2020, compared to a profit of HKD 592,000 in the same period of 2019[6]. - Revenue for the period was HKD 4,262,000, a decrease of 80.2% from HKD 21,537,000 in the same quarter of 2019[6]. - Gross profit for the quarter was HKD 1,387,000, down from HKD 6,730,000 year-over-year, reflecting a gross margin decline[6]. - Total comprehensive loss for the period amounted to HKD 3,138,000, compared to a total comprehensive income of HKD 2,338,000 in 2019[8]. - Basic and diluted loss per share was HKD (0.52), compared to earnings per share of HKD 0.06 in the prior year[6]. - The company recorded a net loss attributable to owners of approximately HKD 5.2 million, compared to a profit of HKD 0.6 million in 2019[111]. Revenue and Income Sources - For the three months ended June 30, 2020, the company reported merchant acquiring transaction fee income of HKD 3,469,000, a decrease of 78.5% compared to HKD 16,169,000 in the same period of 2019[73]. - Total revenue for the three months ended June 30, 2020, was HKD 3,475,000, down 79.1% from HKD 16,658,000 in the previous year[73]. - Interest income from banks for the three months ended June 30, 2020, was HKD 43,000, down from HKD 57,000 in 2019[75]. - The total revenue for the merchant acquiring business during the reporting period was approximately HKD 4.3 million, a decrease from HKD 21.5 million in 2019, representing a decline of about 80%[103]. - Merchant acquiring transaction fee income was approximately HKD 3.5 million, down from HKD 16.2 million in 2019, a decrease of approximately HKD 12.7 million[103]. Expenses and Costs - The company incurred administrative expenses of HKD 3,830,000, compared to HKD 3,483,000 in the previous year, indicating a 10% increase[6]. - The cost of services provided totaled approximately HKD 2.9 million, a significant reduction of about 80.6% compared to HKD 14.8 million in 2019[104]. - Financing costs for the period included interest expenses of HKD 146,000 on financial liabilities, slightly down from HKD 152,000 in the previous year[76]. - The financing cost for the period was approximately HKD 184,000, an increase from HKD 157,000 in 2019, mainly due to actual interest expenses from convertible bonds issued in June 2020[110]. Corporate Governance and Compliance - The board confirmed that the financial information presented is accurate and complete, with no misleading elements[2]. - The company adopted the GEM Listing Rules Corporate Governance Code, with a noted deviation regarding the roles of the Chairman and CEO[129]. - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with GEM Listing Rules from sections 5.48 to 5.67[133]. - The audit committee, consisting of three independent non-executive directors, has reviewed the group's first-quarter financial statements, confirming compliance with applicable accounting standards[138]. - The company is committed to adhering to the corporate governance code and maintaining transparency in its financial reporting[138]. Shareholder Information - Major shareholders included Mei Ya and China Payment Communication, each holding 325 million shares, representing 32.50% of the issued shares[124]. - Straum Investments Limited and Mr. Yu Zhenhui each held 157.5 million shares, accounting for 15.75% of the issued shares[124]. - The total number of issued shares as of June 30, 2020, was 1 billion shares[126]. - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[127]. Future Outlook and Risks - The company continues to face risks from the uncertain economic outlook in Thailand and the impact of the COVID-19 pandemic on consumer sentiment among Chinese tourists[100]. - The company will actively seek business opportunities to promote and maintain future development for better returns to shareholders[101].
东方支付集团控股(08613) - 2021 Q1 - 季度财报