Financial Performance - The company reported a net loss of HKD 4,541,000 for the three months ended December 31, 2022[3]. - Revenue from natural gas sales was HKD 39,124,000, an increase of 42.5% compared to HKD 27,458,000 in the same period last year[9]. - Service revenue increased to HKD 2,615,000 from HKD 779,000, reflecting a growth of 235.4% year-over-year[9]. - Total revenue from customer contracts was HKD 42,348,000, up from HKD 29,680,000, representing a year-over-year increase of 42.5%[9]. - The total comprehensive loss for the three months ended December 31, 2022, was approximately HKD 6,719,000, compared to a loss of HKD 7,932,000 for the same period in 2021, representing a decrease of 15.3%[36]. - The loss attributable to the company's owners for the same period was HKD 5,094,000, down from HKD 8,007,000 in 2021, indicating a reduction of 36.1%[42]. - Basic and diluted loss per share for the three months ended December 31, 2022, was HKD (1.12), compared to HKD (1.76) in 2021, reflecting a 36.4% improvement[42]. - The gross profit for the same period was HKD 4,535,000, compared to HKD 2,652,000 in the previous year, indicating a year-over-year increase of 70.8%[79]. - Operating loss decreased to HKD 3,844,000 from HKD 7,989,000 year-over-year, showing an improvement of 52.1%[79]. - The company recorded a loss before tax of HKD 4,736,000, down from HKD 8,814,000 in the prior year, reflecting a reduction of 46.3%[79]. - The net loss for the period was HKD 4,541,000, compared to HKD 8,637,000 in the same quarter last year, marking a decrease of 47.5%[79]. Financial Position and Support - The company has received commitments from shareholders for continued financial support to meet foreseeable obligations[4]. - A bond amounting to HKD 3,850,000 has been renewed, with the maturity date extended to September 30, 2024[5]. - The company is facing significant uncertainty regarding its ability to continue as a going concern due to current liabilities exceeding current assets[3]. - The group's total borrowings as of December 31, 2022, amounted to approximately HKD 77,703,000, down from HKD 81,496,000 as of September 30, 2022, showing a decrease of 4.4%[37]. - The total debt-to-equity ratio of the group was approximately 97% as of December 31, 2022, compared to 93% as of September 30, 2022[50]. Operational Highlights - The group recognized government subsidies of HKD 48,000 during the reporting period[40]. - The capital expenditure related to the acquisition of property, plant, and equipment as of December 31, 2022, was HKD 10,240,000, significantly lower than HKD 30,353,000 as of September 30, 2022, indicating a decrease of 66.2%[44]. - Gas sales volume increased by approximately 31% to about 10,609,000 cubic meters for the three months ended December 31, 2022, compared to 8,113,000 cubic meters for the same period in 2021[59]. - The group incurred financial costs of approximately HKD 892,000 for the three months ended December 31, 2022, compared to HKD 825,000 for the same period in 2021, mainly due to increased interest on non-convertible bonds[57]. - The group acquired machinery for RMB 24,270,000 from an independent third-party supplier on November 25, 2022[54]. Corporate Governance - The company has adhered to all provisions of the corporate governance code, with no deviations reported for the three months ended December 31, 2022[70]. - The company has established an audit committee to review financial reports and risk management systems, ensuring compliance with GEM listing rules[74]. - The company is committed to maintaining high standards of corporate governance and will continue to review its board structure for potential improvements[74]. - As of December 31, 2022, there were no reported interests or businesses that could compete with the company's operations among its directors and major shareholders[69]. Future Outlook and Strategy - The company is exploring new strategies for market expansion and product development to enhance revenue streams[3]. - Management expects the domestic economy to recover in an orderly manner, positively impacting the group's two core businesses[62]. - The group plans to adopt a more cautious and conservative approach in seeking new potential mergers, business combinations, and expansions to maintain growth and profitability[65]. Employment and Dividends - As of December 31, 2022, the group employed 57 staff, an increase from 55 staff as of December 31, 2021[65]. - The group did not recommend any dividend payment for the three months ended December 31, 2022, consistent with the previous year[42]. - The board did not recommend the payment of an interim dividend for the three months ended December 31, 2022, compared to no dividend for the same period in 2021[54]. Miscellaneous - The group reported a total comprehensive income of HKD (6,719,000) for the period, which includes a foreign exchange loss of HKD (2,178,000)[36]. - Non-controlling interests contributed HKD 553,000 to the total comprehensive income for the period, compared to a loss of HKD (630,000) in the previous year[36]. - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[69]. - The company has no significant contingent liabilities as of December 31, 2022[55].
环球战略集团(08007) - 2023 Q1 - 季度财报