Financial Performance - The company's revenue for the first quarter of 2023 was HKD 31,091,000, an increase of 6.3% compared to HKD 29,250,000 in the same period of 2022[4] - The company reported a loss before tax of HKD 517,000, a decrease from a profit of HKD 5,513,000 in the same quarter of 2022[4] - The net loss for the period was HKD 715,000, compared to a profit of HKD 4,942,000 in the previous year[4] - Total comprehensive income for the period was a loss of HKD 617,000, down from a total comprehensive income of HKD 4,985,000 in the same quarter of 2022[4] - The company reported a basic loss per share of HKD (715,000) for the three months ended March 31, 2023, compared to a profit of HKD 4,942,000 for the same period in 2022[18] - Total comprehensive income for the three months ended March 31, 2023, resulted in a net loss of approximately HKD 617,000, a decrease of approximately HKD 5,602,000 from a net profit of HKD 4,985,000 in the same period of 2022[43] Revenue Segmentation - The recruitment services segment in Hong Kong generated HKD 16,889,000, up from HKD 16,469,000, while the segment in China decreased to HKD 3,530,000 from HKD 7,466,000[14] - The dispatch and payroll services segment in Hong Kong saw significant growth, increasing to HKD 9,992,000 from HKD 4,762,000, and the segment in Macau rose to HKD 680,000 from HKD 553,000[14] - Revenue from Hong Kong's recruitment services increased slightly by approximately HKD 420,000 or 2.6% to approximately HKD 16,889,000 for the three months ended March 31, 2023, compared to approximately HKD 16,469,000 for the same period in 2022[26] - Revenue from Hong Kong's dispatch and payroll services surged by approximately HKD 5,230,000 or 109.8% to approximately HKD 9,992,000 for the three months ended March 31, 2023, compared to approximately HKD 4,762,000 for the same period in 2022[26] - Recruitment service revenue decreased by approximately HKD 3,516,000 or 14.7% to HKD 20,419,000, primarily due to adjustments in the recruitment service market in mainland China[35] - The revenue from dispatch and payroll services increased by approximately HKD 5,357,000 or 100.8% to HKD 10,672,000, attributed to the expansion of the dispatch team and new strategies focusing on higher-margin clients[35] - The revenue from Hong Kong accounted for approximately 86.5% of total revenue for the three months ended March 31, 2023, compared to 72.6% in the same period of 2022[35] Employee Costs - Employee costs increased to HKD 24,390,000 from HKD 17,843,000, reflecting a rise of 36.5%[4] - Employee costs for the three months ended March 31, 2023, were approximately HKD 24,390,000, representing 78.4% of total revenue, compared to 61.0% in the same period of 2022[36] Corporate Governance and Compliance - The company confirmed that the financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and GEM Listing Rules[11] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2023, and provided recommendations[63] - The company has complied with the corporate governance code as stipulated in the GEM Listing Rules during the three months ended March 31, 2023[58] - The company has confirmed that all directors have adhered to the trading standards and guidelines for securities transactions during the three months ended March 31, 2023[60] - No interests were held by directors or major shareholders in any business that directly or indirectly competes with the company's operations during the three months ended March 31, 2023[57] Strategic Initiatives - The company has established an office in Singapore to expand its service offerings and revenue base[21] - The company aims to become a leading human resources service provider in Hong Kong, mainland China, and Southeast Asia, with plans to expand its team and services[20] - The company is focusing on high-margin new clients in its dispatch and payroll services to enhance profitability[26] - The company is investing additional resources to build its mainland China team and provide more training to adapt to the changing environment[27] - The company is following the development plan of the Guangdong-Hong Kong-Macao Greater Bay Area, increasing business in technology, consumption, and real estate sectors in Shenzhen and Guangzhou[28] - The company plans to focus on developing industries with recovery potential and invest in dedicated teams in Hong Kong and mainland China[31] - The company maintains a cautious optimism regarding its overall performance in 2023, while actively exploring opportunities for business expansion[32] Shareholding Structure - As of March 31, 2023, the company's directors and senior executives collectively hold 600,000,000 shares, representing approximately 75% of the issued share capital[46] - KJE Limited and Caiden Holdings Limited each hold 600,000,000 shares, also accounting for approximately 75% of the issued share capital[50] - The shareholding structure indicates that each of the three directors owns about 33.33% of KJE Limited, which holds 450,000,000 shares[48] - No stock options have been granted, exercised, canceled, or lapsed since the adoption of the stock option plan on September 13, 2018, with no unexercised options as of March 31, 2023[53] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended March 31, 2023[56] Dividend Policy - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2023, consistent with the previous year[18] - The company did not recommend the payment of dividends for the three months ended March 31, 2023[44] Board Composition - The board consists of three executive directors and three independent non-executive directors[65] Earnings Report - The first quarter of 2023 earnings report was released[66]
高奥士国际(08042) - 2023 Q1 - 季度财报