Financial Performance - Revenue for the three months ended June 30, 2021, was HKD 102,046,000, representing a 27.5% increase from HKD 80,005,000 in the same period of 2020[6] - The company reported a loss before tax of HKD 1,311,000 for the quarter, an improvement from a loss of HKD 1,908,000 in the previous year, indicating a reduction in losses by approximately 31.3%[6] - The company recorded a total comprehensive loss of HKD 1,056,000 for the quarter, compared to HKD 1,907,000 in the same period last year, showing a decrease in comprehensive losses by 44.7%[6] - The basic loss per share improved to HKD 0.27 from HKD 0.41, indicating a 34.1% reduction in loss per share[6] - The net loss for the three months ended June 30, 2021, was approximately HKD 1.3 million, a decrease from a net loss of approximately HKD 1.9 million for the same period in 2020[38] Revenue Sources - Revenue from warehousing and other value-added services rose by approximately HKD 18.2 million or 128.4% to approximately HKD 32.3 million, driven by the operational expansion of the air cargo container warehouse and new warehouse at the Asia Container Logistics Center[25] - Total revenue for the three months ended June 30, 2021, increased by approximately HKD 22.0 million or 27.5% to approximately HKD 102.0 million compared to HKD 80.0 million for the same period in 2020[25] Cost Management - Employee benefit expenses increased to HKD 13,460,000, up from HKD 9,746,000, reflecting a rise of 38.0% year-on-year[6] - Transportation costs rose to HKD 44,802,000, compared to HKD 36,109,000 in the previous year, marking an increase of 24.2%[6] - The financial report indicates that the company is actively managing its costs, particularly in labor and transportation, to improve overall financial performance[6] - Dispatch labor costs rose by approximately HKD 2.3 million or 8.1% to about HKD 30.4 million for the three months ended June 30, 2021, from approximately HKD 28.2 million for the same period in 2020[30] - Depreciation of property, plant, and equipment increased by approximately HKD 1.6 million or 43.2% to about HKD 5.1 million for the three months ended June 30, 2021, compared to approximately HKD 3.6 million for the same period in 2020[31] - Warehousing operating costs surged by approximately HKD 3.1 million or 83.6% to about HKD 6.7 million for the three months ended June 30, 2021, compared to approximately HKD 3.6 million for the same period in 2020[33] - Other expenses increased by approximately HKD 1.0 million or 54.0% to about HKD 2.9 million for the three months ended June 30, 2021, from approximately HKD 1.9 million for the same period in 2020[35] Equity and Shareholder Information - The company’s total equity as of June 30, 2021, was HKD 71,568,000, a decrease from HKD 77,891,000 at the end of the previous period[7] - As of June 30, 2021, Mr. Chan had a 68.8% stake in the company, while Mr. Choi held a 6.2% stake[42] - 3C Holding Limited holds 330,120,000 shares, representing approximately 68.8% of the company's issued share capital[44] - The weighted average number of ordinary shares used to calculate basic loss per share increased to 480,000,000 in 2021 from 460,219,780 in 2020[19] Business Strategy and Opportunities - The company aims to expand its air cargo station operations and logistics services in Hong Kong and China, focusing on enhancing value-added services[9] - The company continues to seek new business opportunities and has signed a new contract with a major client for the next three years, enhancing its role in the logistics industry[23] - The company is focused on expanding its core strengths and exploring higher-margin business opportunities while maintaining prudent cost control measures[23] Compliance and Governance - The audit committee reviewed the unaudited financial results for the three months ended June 30, 2021, and confirmed compliance with applicable accounting standards[54] - The company confirmed adherence to the corporate governance code as per GEM Listing Rules during the reporting period[50] - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2021, with no significant impact on its accounting policies or financial statements[13] Other Information - No dividends were declared or proposed for the three months ended June 30, 2021, consistent with the previous year[21] - The company did not grant, lapse, exercise, or cancel any share options under the share option scheme as of the report date[45] - No significant contracts involving directors and the company or its subsidiaries were reported during the three months ended June 30, 2021[47] - There were no significant acquisitions or disposals of subsidiaries or associates during the three months ended June 30, 2021[56] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2021[46] - The company has appointed a new compliance advisor effective September 1, 2020, following the termination of the previous advisor[51] - No major events requiring disclosure occurred after June 30, 2021, up to the report date[57] - Other income decreased by approximately HKD 1.1 million or 63.9% to approximately HKD 0.6 million for the three months ended June 30, 2021, primarily due to the absence of one-time subsidies related to COVID-19[26]
亚洲速运(08620) - 2022 Q1 - 季度财报