Financial Performance - The Group recorded a revenue of approximately HK$25,466,000 for the three months ended 30 June 2023, representing a decrease of approximately 10.98% compared to HK$28,606,000 in the same period in 2022[8]. - The unaudited consolidated profit attributable to owners of the Company was approximately HK$5,646,000 for the three months ended 30 June 2023, compared to a loss of approximately HK$4,208,000 for the same period last year[9]. - The improvement in performance was mainly due to a reversal of impairment allowance on a trade receivable[9]. - Gross profit for the period was HK$1,620,000, an increase from HK$887,000 in the same period last year[13]. - The profit before tax was HK$5,575,000, compared to a loss of HK$4,327,000 in the previous year[13]. - Basic and diluted profit per share for the period was HK$0.0959, compared to a loss of HK$0.0714 in the previous year[15]. - Total profit for the period attributable to owners of the Company was HK$5,646,000 in Q2 2023, a turnaround from a loss of HK$4,208,000 in Q2 2022[45]. - The gross profit for the three months ended June 30, 2023, was approximately HK$1,620,000, compared to HK$887,000 in 2022, indicating an increase of 82.5%[50]. Revenue Sources - The Group is primarily engaged in trading of natural gas and investment in financial assets[16]. - For the three months ended June 30, 2023, revenue from natural gas trading was HK$25,466,000, a decrease of 10% compared to HK$28,606,000 for the same period in 2022[34]. - Dividend income increased to HK$529,000 in Q2 2023 from HK$480,000 in Q2 2022, representing a growth of 10.2%[38]. - Interest income from banks rose significantly to HK$680,000 in Q2 2023 compared to HK$54,000 in Q2 2022, marking an increase of 1,157.4%[38]. Expenses and Costs - Administrative expenses increased to HK$2,756,000 from HK$2,418,000 year-on-year[13]. - Staff costs decreased to HK$888,000 in Q2 2023 from HK$957,000 in Q2 2022, reflecting a reduction of 7.2%[41]. - The cost of sales for the same period was approximately HK$23,846,000, down from HK$27,719,000 in 2022, reflecting a reduction of 13.5%[50]. Dividends - The Board does not recommend the payment of an interim dividend for the three months ended 30 June 2023, consistent with the previous year[9]. - No interim dividend was recommended for the three months ended June 30, 2023, consistent with the previous year[46]. Financial Statements and Compliance - The financial statements for the year ended March 31, 2023, will be delivered to the Registrar of Companies in due course, following the submission of the financial statements for the year ended March 31, 2022[19]. - The independent auditor's reports for the financial statements for the years ended March 31, 2022, and 2023 were unqualified, indicating no significant issues were raised[22]. - The condensed consolidated financial statements are unaudited but have been reviewed by the Audit Committee and approved by the Board for issue[24]. - The Group does not anticipate that the application of the newly issued amendments to HKFRSs will have any material impact on its consolidated financial statements in the foreseeable future[30]. - The Audit Committee reviewed the first quarterly results for the three months ended June 30, 2023, and confirmed compliance with applicable accounting standards and GEM Listing Rules[110]. Share Capital and Ownership - As of June 30, 2023, the total issued share capital of the company is 58,900,537 shares[93]. - As of June 30, 2023, Mr. HN Chen holds 7,141,000 shares, representing approximately 12.12% of the issued share capital[74]. - Substantial shareholders Keen Insight Limited, Hony Capital Group L.P., and Hony Group Management Limited each hold 8,250,000 shares, accounting for approximately 14.01% of the issued share capital[81]. - The company has not identified any other persons or companies with interests in shares or underlying shares exceeding 5% of the issued share capital[96]. Business Developments - The Company has commenced a new business in natural gas (NG) since December 2022, which is expected to enhance revenue and improve capital usage efficiency in the long run[62]. - The company has initiated a new natural gas business since December 2022, which is expected to become a significant revenue source and enhance capital efficiency in the long term[63]. Market and Growth - First Quarter 2023/24 revenue reached $1.2 billion, representing a 15% increase year-over-year[123]. - User base expanded to 5 million active users, a growth of 20% compared to the previous quarter[123]. - The company projects a revenue growth of 10% for the next quarter, targeting $1.32 billion[123]. - New product line launched, contributing $200 million in sales during the first quarter[123]. - Market expansion efforts led to a 30% increase in international sales, now accounting for 40% of total revenue[123]. - Customer retention rate improved to 85%, up from 80% in the previous quarter[123]. - Operating margin improved to 18%, an increase of 2 percentage points year-over-year[123].
华夏能源控股(08009) - 2024 Q1 - 季度财报