Financial Performance - For the first quarter of 2023, the company reported revenue of HKD 135,033,000, a significant increase from HKD 71,185,000 in the same period of 2022, representing an increase of approximately 90%[9] - The gross profit for the first quarter of 2023 was HKD 18,527,000, compared to HKD 6,981,000 in the previous year, indicating a growth of about 165%[9] - The company recorded a net profit of HKD 4,046,000 for the first quarter of 2023, a turnaround from a net loss of HKD 4,631,000 in the first quarter of 2022[9] - Basic earnings per share for the first quarter of 2023 were HKD 0.75, compared to a loss per share of HKD 0.78 in the same quarter of the previous year[9] - The total comprehensive income for the first quarter of 2023 was HKD 4,009,000, compared to a total comprehensive loss of HKD 4,629,000 in the first quarter of 2022[9] - The company reported a loss attributable to owners of HKD 4,686,000 for the three months ended March 31, 2023, compared to a profit of HKD 4,487,000 in the same period of 2022[21] - The basic and diluted loss per share for the period was calculated based on 600,000,000 shares, unchanged from the previous year[21] Revenue Breakdown - For the three months ended March 31, 2023, total revenue was HKD 71,185,000, a decrease of 47.3% compared to HKD 135,033,000 for the same period in 2022[19] - Air freight agency services generated revenue of HKD 19,988,000, down 44.1% from HKD 35,787,000 in the previous year[19] - Sea freight agency services revenue fell by 79.8% to HKD 7,911,000 from HKD 39,103,000 year-on-year[19] - Logistics and warehousing services revenue decreased by 28.7% to HKD 23,516,000 compared to HKD 32,987,000 in 2022[19] - E-commerce fulfillment services and others brought in HKD 19,770,000, down 27.2% from HKD 27,156,000 in the prior year[19] Expenses and Costs - The company's administrative and selling expenses increased to HKD 13,034,000 in the first quarter of 2023 from HKD 11,161,000 in the same period of 2022, reflecting a rise of approximately 17%[9] - Financing costs decreased to HKD 1,190,000 in the first quarter of 2023 from HKD 2,135,000 in the previous year, a reduction of about 44%[9] - Administrative and selling expenses decreased from HKD 13.0 million to HKD 11.2 million, mainly due to reduced legal and expert fees[36] Shareholder Information - As of March 31, 2023, the company has a total of 600,000,000 shares issued, with major shareholders holding 26% (156,000,000 shares) by Million Venture Holdings Limited and 10% (60,000,000 shares) by Mr. Chan Chun Sing[50] - The company has granted a total of 3,000,000 share options under the share option scheme, which remains unexercised as of March 31, 2023[52] - The exercise price for the share options granted to directors is HKD 0.2066, with an exercise period until June 23, 2030[53] - The company is considering revising its share option scheme to comply with the amended GEM Listing Rules effective January 1, 2023[55] - The company’s share option plan allows for the issuance of options to subscribe for up to 60,000,000 shares, which is 10% of the total shares issued at the time of listing[52] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the reporting period[60] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the period and confirmed compliance with applicable accounting standards[64] - The audit committee consists of three independent non-executive directors, with Mr. Mei Yi He serving as the chairman[62] - The company has established an audit committee to assist the board in monitoring financial reporting and risk management[62] Strategic Focus - The company continues to focus on enhancing its logistics services to meet increasing customer demands for customized value-added logistics solutions[24] - The company has expanded into e-commerce fulfillment services since 2019, responding to growing international demand for cross-border logistics activities[25] - The company plans to continue investing heavily in robotic-assisted systems to enhance operational efficiency and expand e-commerce fulfillment services[28] - The management remains cautious about rising fuel and labor costs as well as interest expenses[28] - The company aims to maintain strict cost control and implement pricing adjustments to improve profitability[28] Other Disclosures - No dividends were declared or proposed for the three months ended March 31, 2023, consistent with the previous year[22] - No interim dividend was recommended for the period[39] - The company has no knowledge of any business or interests that may directly or indirectly compete with its operations during the reporting period[59] - No major contracts involving significant interests of directors were present as of March 31, 2023[58] - There were no significant matters requiring disclosure from March 31, 2023, to the report date[61] - There were no significant new strategies or market expansions reported during the period[63] - The company has not disclosed any new products or technologies under development in the reporting period[63] - The company has maintained transparency in its financial reporting and disclosure processes[64]
骏高控股(08035) - 2023 Q1 - 季度财报