Financial Performance - For the three months ended June 30, 2022, the group's unaudited revenue was approximately HKD 34,429,000, an increase of about 3,751% compared to the same period in 2021[5]. - The group recorded an unaudited consolidated profit attributable to owners of the company from continuing operations of approximately HKD 2,381,000, compared to a loss of approximately HKD 1,977,000 in the same period of 2021[5]. - The earnings per share from continuing operations for the three months ended June 30, 2022, was HKD 0.09, compared to a loss per share of HKD 0.08 in the same period of 2021[10]. - The gross profit for the three months ended June 30, 2022, was HKD 5,477,000, compared to HKD 621,000 in the same period of 2021[8]. - The company's profit attributable to owners for the three months ended June 30, 2022, was approximately HKD 2,381,000, compared to a loss of approximately HKD 1,977,000 in the same period last year[37]. Revenue Breakdown - The dry bulk shipping and agency services generated revenue of HKD 31,100,000, with a net profit of approximately HKD 2,790,000, compared to a net loss of approximately HKD 20,000 in the previous year[33]. - The IP automation and entertainment business reported revenue of approximately HKD 3,330,000, representing an increase of about 274% from approximately HKD 890,000 in the previous year[34]. - The company's revenue for the three months ended June 30, 2022, was approximately HKD 34,429,000, an increase of about 3,751% compared to approximately HKD 894,000 in the same period last year[35]. Expenses and Costs - The operating costs for the three months ended June 30, 2022, were HKD 28,952,000, compared to HKD 273,000 in the same period of 2021[8]. - The administrative and operating expenses for the three months ended June 30, 2022, were HKD 2,306,000, compared to HKD 2,514,000 in the same period of 2021[8]. - Administrative and operating expenses decreased by approximately 8.3% to about HKD 2,306,000 from approximately HKD 2,514,000 in the previous year[35]. - The income tax expense for the three months ended June 30, 2022, was HKD 1,109,000, compared to HKD 52,000 in the previous year[25]. - The financing cost related to lease liabilities was HKD 20,000, down from HKD 32,000 in the previous year[21]. Equity and Dividends - The company did not recommend the payment of dividends for the three months ended June 30, 2022[5]. - The company’s total equity as of June 30, 2022, was HKD 22,960,000, compared to HKD 16,102,000 as of June 30, 2021[12]. - The company did not recommend any dividend payment for the three months ended June 30, 2022, consistent with the previous year[26]. Shareholder Information - As of June 30, 2022, the company’s major shareholders include Ms. He Chaochen with 407,890,000 shares (15.61%) and Ms. Wen Yingyi with 441,900,000 shares (16.91%)[46]. - The company’s major shareholders include Mr. Chen Yufeng with 251,462,500 shares (9.62%) and Mr. Lin Jinhong with 163,900,000 shares (6.27%) as of June 30, 2022[50]. Employee and Operational Insights - As of June 30, 2022, the total employee benefits expenditure was approximately HKD 1,440,000, compared to HKD 1,060,000 for the same period in 2021, reflecting a year-on-year increase of 36%[42]. - The company employed 17 full-time employees and 3 consultants as of June 30, 2022, a slight decrease from 18 full-time employees and 4 part-time employees in the previous year[42]. Future Plans and Strategies - The company plans to launch a comprehensive entertainment park in Westwood in Q3 2022, integrating e-sports, STEAM education, and party elements to enhance the entertainment experience[44]. - The company is focused on expanding its logistics agency services and developing new customer bases geographically following the resumption of logistics services in Q4 2021[44]. - The company has entered into an agreement with a major freight forwarding group in China to purchase cargo from other airlines and shipping lines at Zhongshan Port and Shenzhen Port, expected to generate revenue starting in Q3 2022[44]. Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the first quarter ending June 30, 2022, and found them to comply with applicable accounting standards and regulations[58]. - The company has adopted a code of conduct regarding securities trading by directors, which complies with the GEM Listing Rules[55]. - There were no interests held by directors, management shareholders, or their associates in any business that constitutes or may constitute significant competition with the group during the three months ending June 30, 2022[54]. - The company has adopted a stock option plan to reward eligible employees, including directors, for their contributions to the company[45]. Financial Management - The company has adopted a conservative financial policy, maintaining all bank deposits in HKD to minimize foreign exchange risk[39]. - The company’s liquidity risk is managed through continuous credit assessments of its clients and close monitoring of its liquidity levels by the board[40]. - The company has not pledged any assets as collateral for bank financing as of June 30, 2022, consistent with the previous year[41]. - The company did not purchase, redeem, or sell any of its listed shares during the three months ending June 30, 2022[53].
宏海控股集团(08020) - 2023 Q1 - 季度财报