Financial Performance - For the three months ended June 30, 2023, the company reported total revenue of HK$1,044,000, a decrease of 10.5% compared to HK$1,166,000 for the same period in 2022[3]. - The company incurred a pre-tax loss of HK$1,730,000, which is an improvement of 15% from a pre-tax loss of HK$2,036,000 in the previous year[3]. - The net loss for the period was HK$1,892,000, a reduction of 30.3% compared to a net loss of HK$2,712,000 in the same quarter of 2022[3]. - The total comprehensive loss for the period was HK$6,487,000, down from HK$8,521,000 in the same quarter of 2022, reflecting a 24% improvement[3]. - Basic and diluted loss per share remained at HK$0.06, unchanged from the previous year[3]. - Basic and diluted loss per share for the three months ended June 30, 2023, was HKD 0.567, an improvement from HKD 0.648 in the same period of 2022[22]. - Other income and gains for the period were approximately HKD 1,044,000, a decrease of 10% from HKD 1,166,000 in the previous year, primarily due to reduced interest income from lower average bank balances and cash[36]. - The company reported a foreign exchange loss of HK$4,595,000 for the period, slightly improved from a loss of HK$5,809,000 in the same quarter last year[3]. Employee Costs - Employee costs increased to HK$1,504,000, up 3.2% from HK$1,458,000 in the prior year[3]. - The company incurred employee benefit expenses of HKD 1,504,000 for the three months ended June 30, 2023, slightly up from HKD 1,458,000 in the previous year[19]. Business Segments - The company recorded no external sales in the mining and metals segment for the three months ended June 30, 2023, while the software and innovation segment generated external sales of HKD 48,000 in the same period last year[13][14]. - The software and innovation segment reported a loss of approximately HKD 4,000 for the three months ended June 30, 2023, compared to a profit of approximately HKD 39,000 for the same period in 2022[31]. - The group has not generated any revenue from the mining and metals segment for the three months ended June 30, 2023, consistent with the same period in 2022[26]. - For the three months ended June 30, 2023, the mining and metals segment recorded a loss of approximately HKD 604,000, compared to a loss of HKD 1,241,000 for the same period in 2022, indicating a significant improvement[36]. Investments and Projects - The company continues to focus on its mining and software innovation businesses, with ongoing investments in various projects including esports and smart agriculture solutions[6]. - The group holds a 36.04% stake in Nano Bubble Limited, which focuses on developing sanitation products using nano-ozone technology, and recorded a share of losses of approximately HKD 58,000 for the three months ended June 30, 2023[33]. - The group plans to submit an updated resource and reserve verification report to the government in the third quarter of 2023, with expectations for approval within the year[27]. - The group is exploring new business opportunities in the Greater Bay Area, particularly in software development services, following the receipt of a deposit for services from an independent third party[32]. Shareholder Information - As of June 30, 2023, the company had a total of 837,202,400 shares held by executive director Chen Yihui, representing 29.76% of the total shares[38]. - Major shareholder Starmax Holdings Limited, beneficially owned by Chen Yihui, held 678,074,400 shares, accounting for 24.11% of the issued share capital[46]. - The company did not grant any share options during the period under the share option scheme[41]. Audit and Compliance - The financial statements were approved for publication by the board on August 10, 2023, and are presented in Hong Kong dollars[6]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the quarter ended June 30, 2023[50]. - The company did not purchase, sell, or redeem any of its listed securities during the review period[48]. Other Financial Metrics - Interest income decreased to HKD 665,000 for the three months ended June 30, 2023, down from HKD 1,083,000 in the prior year, reflecting a decline of approximately 38.6%[16]. - The company reported total other income and gains of HKD 1,044,000 for the three months ended June 30, 2023, compared to HKD 1,166,000 in the same period of 2022, indicating a decrease of about 10.5%[16]. - The company reported a fair value loss of HKD 28,000 on financial assets measured at fair value through profit or loss for the three months ended June 30, 2023[13]. - The company did not declare an interim dividend for the three months ended June 30, 2023, consistent with the same period in 2022[21].
天时资源(08028) - 2024 Q1 - 季度财报