Financial Performance - Revenue for the three months ended June 30, 2022, was approximately HK$40,836,000, a decrease of 67.5% compared to approximately HK$125,446,000 for the same period last year[7][9]. - Loss attributable to owners of the Company was approximately HK$4,664,000 for the three months ended June 30, 2022, compared to a loss of approximately HK$4,432,000 for the same period last year[8][10]. - For the three months ended 30 June 2022, the Group recorded total revenue of approximately HK$40,836,000, representing a decrease of approximately 67.45% compared to HK$125,446,000 for the same period last year[55]. - The gross profit for the period was approximately HK$3,054,000, down from HK$24,811,000 in the previous year, indicating a significant decline in profitability[67]. - The total comprehensive loss for the period was approximately HK$11,899,000, compared to a total comprehensive income of HK$509,000 for the same period last year[70]. - The basic and diluted loss per share for the period was HK$1.41 cents, compared to HK$1.35 cents for the same period last year[67]. - The consolidated profit/(loss) before tax for Q2 2022 was a loss of HK$5,410,000, compared to a profit of HK$926,000 in Q2 2021[107]. - The total profit for reportable segments was HK$3,443,000 in Q2 2022, compared to a profit of HK$11,679,000 in Q2 2021, indicating a decrease of about 70.5%[100]. Revenue Sources - Revenue generated from intelligent advertising and railroad media services for the three months ended June 30, 2022, was approximately HK$40,411,000[19][21]. - Revenue from agricultural, forestry, and consumer products was approximately HK$107,000 for the three months ended June 30, 2022[24][28]. - Revenue derived from short-term leasing of the commercial portion of the property was approximately HK$318,000 for the three months ended 30 June 2022[34]. - The Group's mobile advertising media services generated revenue of approximately HK$40,411,000, a decrease from HK$124,335,000 in the previous year[84]. - The Group's rental income for the period was approximately HK$308,000, slightly down from HK$346,000 in the previous year[84]. Investment and Growth Strategies - The Company is focusing on diversifying applications of its proprietary Big Data and AI technological platforms to find new growth opportunities[13][15]. - The Group is actively seeking suitable investment opportunities in the business travel service market, particularly in business travel management[17][18]. - The Company is gradually shifting its focus from growing agricultural and forestry products to building its brand on various online selling platforms[20][22]. - The Group aims to maintain high standards for supply-chain risk management and is observing industries of interest for potential investment opportunities[26][27]. - The Group is exploring new investment opportunities in key areas, particularly in recyclable materials and the transportation industry[27]. - The Group is actively seeking investment opportunities in stable and high-demand products, particularly in renewable energy and recyclable materials sectors[41]. - The Group plans to broaden the application of its AI technology platform to create new growth opportunities amid ongoing digital transformation[40]. - The Group will focus on the travel sector, especially business travel management, as it recovers quickly in China[45]. Financial Position - As at 30 June 2022, the Group's cash and bank deposits amounted to approximately HK$12,905,000, a decrease of approximately 33.27% from HK$19,339,000 as at 31 March 2022[46]. - The Group had net current liabilities of approximately HK$10,401,000 as at 30 June 2022, compared to HK$5,679,000 as at 31 March 2022[46]. - The Group's gearing ratio was approximately 128% as at 30 June 2022, unchanged from 31 March 2022[53]. - The accumulated losses attributable to owners of the Company increased to HK$284,338,000 as of June 30, 2022, from HK$279,674,000 on April 1, 2022[121]. Corporate Governance - The Company has complied with the Corporate Governance Code throughout the three months ended June 30, 2022[143]. - The Audit Committee comprises three independent non-executive Directors and regularly reviews the effectiveness of the internal control system and the Group's reports[151]. - The Nomination Committee reviews the composition of the Board and nominates suitably qualified candidates as necessary[152]. - The Remuneration Committee determines the policy for the remuneration of directors and senior management of the Group[153]. - The Company’s audit committee regularly reviews the effectiveness of the internal control systems and meets with senior management to discuss quarterly, interim, and annual reports[155]. Shareholder Information - As of June 30, 2022, Mr. Zhao Xinyan holds a total of 49,128,000 shares, representing approximately 14.88% of the issued share capital of the Company[160]. - Ms. Ng Mui King, Joky owns 33,792,000 shares, which accounts for about 10.23% of the Company's issued share capital[171]. - Win Bless Limited, beneficially owned by Mr. Zhao Xinyan, holds 47,378,000 shares, representing approximately 14.35% of the issued share capital[171]. - Gold City Assets Holdings Ltd., beneficially owned by Ms. Ng Mui King, Joky, holds 33,792,000 shares, accounting for approximately 10.23% of the issued share capital[171]. - Ms. Lin Shunping owns 19,900,000 shares, which is about 6.03% of the Company's issued share capital[171]. - No other individuals, apart from Directors or the chief executive, have disclosed interests or short positions in the shares of the Company exceeding 5% as of June 30, 2022[168]. - The Company has not entered into any arrangements that would enable Directors or the chief executive to acquire benefits through the acquisition of shares during the three months ended June 30, 2022[164]. - The Company has not redeemed any of its shares during the three months ended June 30, 2022, and neither the Company nor any of its subsidiaries has purchased or sold any of the Company's shares during this period[178].
世大控股(08003) - 2023 Q1 - 季度财报