Financial Performance - For the three months ended June 30, 2024, the company reported a loss of HKD 5,501,000 compared to a loss of HKD 5,070,000 for the same period in 2023, representing an increase in loss of approximately 8.5%[1] - Total comprehensive loss for the period was HKD 4,784,000, a decrease from HKD 6,041,000 in the prior year, indicating an improvement of about 20.8%[2] - The company's revenue for the quarter ended June 30, 2024, was HKD 8,552,000, a decrease of approximately 9% compared to HKD 9,353,000 in the same quarter of the previous fiscal year[21] - The company reported a loss of HKD 5,501,000 for the quarter, compared to a loss of HKD 5,070,000 in the same quarter of the previous fiscal year, primarily due to a slight decrease in revenue[21] - Basic and diluted loss per share was HKD 1.37 for the current quarter, compared to HKD 1.26 for the same quarter last year[14] Revenue Breakdown - The media business generated revenue of HKD 5,608,000, while the watch and automotive business contributed HKD 2,944,000, leading to a total revenue of HKD 8,552,000 for the period[7] Assets and Liabilities - The company's total assets as of June 30, 2024, were HKD 41,281,000, an increase from HKD 40,091,000 as of March 31, 2024, reflecting a growth of approximately 2.9%[3] - Cash and cash equivalents increased to HKD 30,175,000 from HKD 29,580,000, showing a rise of about 2%[3] - The company’s non-current assets totaled HKD 5,616,000, an increase from HKD 4,937,000, indicating a growth of approximately 13.8%[3] - The total liabilities increased to HKD 95,225,000 from HKD 89,251,000, representing an increase of about 6.5%[3] Operating Performance - The company reported an operating loss of HKD 4,472,000 for the total business segments, with the media segment showing a loss of HKD 4,556,000[7] - Operating expenses were reduced during the quarter, which partially offset the increase in losses[21] Strategic Investments and Financing - The company holds 12,000,000 shares of a strategic investment, representing 4.4% of the equity, with a fair value of HKD 5,220,000 as of June 30, 2024[20] - The company has received financing of HKD 83,000,000 from a subsidiary, with a total available financing of HKD 100,000,000[18] Other Financial Information - The company did not declare any dividends for the quarter ended June 30, 2024, consistent with the previous year[15] - The company recorded interest income of HKD 62,000 for the quarter, compared to HKD 5,000 in the same quarter of the previous year[10] - The company incurred finance costs of HKD 584,000 for the quarter, compared to HKD 485,000 in the previous year[9] - The company did not adopt any new accounting standards that would have a significant impact on the consolidated financial statements[5] - The company continues to evaluate its business segments, which include entertainment and lifestyle, watches, and automotive, to assess performance and allocate resources effectively[6] - The average number of issued ordinary shares was 400,900,000 for both the current and previous year[14]
万华媒体(00426) - 2025 Q1 - 季度业绩