Financial Performance - The Group recorded a revenue of approximately HK$64.0 million for the three months ended 30 June 2021, representing a decrease of approximately HK$11.5 million or 15.2% compared to the revenue of approximately HK$75.5 million for the same period in 2020[7]. - The Group recorded a profit and total comprehensive income of approximately HK$0.1 million for the three months ended 30 June 2021, a decrease of approximately HK$0.5 million compared to approximately HK$0.6 million for the same period in 2020[7]. - The profit before taxation for the three months ended 30 June 2021 was HK$0.074 million, down from HK$0.641 million for the same period in 2020[10]. - The total comprehensive income for the period ended 30 June 2021 was HK$0.074 million, compared to HK$0.633 million for the same period in 2020[10]. - The Group's earnings per share for the three months ended 30 June 2021 were HK$0.02, down from HK$0.16 for the same period in 2020[10]. - The Group's net profit decreased by approximately HK$0.5 million from approximately HK$0.6 million for the three months ended June 30, 2020, to approximately HK$0.1 million for the same period in 2021[92]. - The Group's net profit margin decreased from 0.8% for the three months ended June 30, 2020, to 0.1% for the same period in 2021[92]. Revenue Breakdown - Revenue from diesel sales for the three months ended June 30, 2021, was HK$63,845,000, a decrease of 15.5% compared to HK$75,303,000 for the same period in 2020[34]. - Revenue from diesel exhaust fluid sales increased to HK$121,000, up 28.7% from HK$94,000 in the previous year[34]. - Total revenue for the three months ended June 30, 2021, was HK$63,966,000, down 15.5% from HK$75,472,000 in the same period of 2020[34]. - Revenue from the sales of diesel oil accounted for approximately HK$63.9 million, representing approximately 99.8% of the Group's total revenue for the three months ended June 30, 2021[66]. Cost and Expenses - The Group's cost of sales for the three months ended June 30, 2021 was HK$61.874 million, compared to HK$73.485 million for the same period in 2020[10]. - The largest component of the cost of sales was diesel oil, amounting to approximately HK$60.0 million for the three months ended June 30, 2021, representing approximately 96.9% of the cost of sales[74]. - The unit purchase cost of diesel oil increased by 58.9% from approximately HK$2.36 per litre for the three months ended June 30, 2020, to approximately HK$3.75 per litre for the same period in 2021[74]. - The Group's administrative expenses for the three months ended June 30, 2021 were approximately HK$1.962 million, slightly decreased from HK$1.981 million for the same period in 2020[10]. - Direct labour costs amounted to approximately HK$0.7 million for the three months ended June 30, 2021, compared to HK$0.6 million for the same period in 2020[80]. - Depreciation decreased from approximately HK$0.7 million for the three months ended June 30, 2020, to HK$0.5 million for the same period in 2021[81]. Dividends and Recommendations - The Board does not recommend the payment of any dividend for the three months ended 30 June 2021[7]. - No dividend was recommended for the three months ended 30 June 2021, consistent with the same period in 2020[48][50]. Corporate Governance - The company has established an Audit Committee comprising three independent non-executive Directors to ensure compliance with GEM Listing Rules[140]. - The unaudited Condensed Consolidated Financial Statements were reviewed by the Audit Committee and deemed to comply with applicable accounting standards and GEM Listing Rules[141]. - The Company has complied with the Corporate Governance Code provisions since the Listing Date up to June 30, 2021[158]. - The Company is committed to maintaining high corporate governance standards and will continuously review and improve its practices[161]. Environmental Responsibility - The Group recognizes the importance of environmental protection and has implemented measures to reduce air pollutant emissions[110]. - The Group has not faced any prosecution or penalties for environmental law violations as of the report date[111]. Future Outlook - The Group will continue to monitor the development of the COVID-19 pandemic and adjust business plans to ensure operational stability[60][63]. - The expected timeline for fully utilizing the unutilized Net Proceeds is based on market conditions and may change[108].
裕丰昌控股(08631) - 2022 Q1 - 季度财报