Financial Performance - The group's revenue for the three months ended June 30, 2022, was approximately HKD 139,065,000, compared to HKD 126,906,000 for the same period last year, representing an increase of 9.06%[3] - The group reported a loss of approximately HKD 8,480,000 for the current period, compared to a loss of HKD 4,620,000 in the previous year, indicating a deterioration in performance[3] - The loss attributable to equity holders of the company was approximately HKD 8,161,000, compared to HKD 4,005,000 in the previous year[3] - The basic loss per share for the current period was approximately HKD 0.14 cents, compared to HKD 0.08 cents in the previous year[3] - The total comprehensive loss for the current period was HKD 30,171,000, compared to a comprehensive income of HKD 15,380,000 in the previous year[12] - The company reported a loss attributable to equity holders of approximately HKD 8,161,000 for the three months ended June 30, 2022, compared to a profit of HKD 4,005,000 in the same period of 2021[24] Revenue and Expenses - The group incurred administrative expenses of HKD 4,320,000, down from HKD 5,619,000 in the previous year, showing a reduction of 23.06%[5] - Other income for the current period amounted to HKD 1,000,000, significantly higher than HKD 384,000 in the previous year, reflecting an increase of 160.42%[18] - The group’s finance costs increased to HKD 6,588,000 from HKD 5,662,000, representing a rise of 16.36%[5] - The group’s tax expense for the current period was HKD 30,000, a decrease from HKD 572,000 in the previous year, indicating a reduction of 94.77%[22] - The gross profit for the period was approximately HKD 1,574,000, down from HKD 7,032,000 in the previous year, resulting in a gross margin decrease from 5.5% to 1.13%[30] Shareholder Information - The major shareholder, Liu Yi, holds 724,292,000 shares, representing approximately 11.91% of the issued share capital[45] - The weighted average number of ordinary shares issued during the period was 6,002,886,948, an increase from 4,913,656,179 in the previous year[24] - The group did not recommend the payment of any dividends for the current period, consistent with the previous year[3] - The company did not recommend any dividend payment for the three months ended June 30, 2022, consistent with the previous year[27] Assets and Liabilities - The company’s total assets as of June 30, 2022, were approximately HKD 1,020,153,000, a decrease from HKD 1,067,493,000 as of March 31, 2022[33] - The debt-to-asset ratio was 6.05% as of June 30, 2022, slightly down from 6.19% as of March 31, 2022[33] - As of June 30, 2022, the group had no contingent liabilities[38] - As of June 30, 2022, the group had no assets pledged as collateral[37] Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[54] - The group has adopted a code of conduct for securities trading by directors, with no known violations during the period[53] - The Audit Committee was established in October 2001 and consists of three independent non-executive directors as of June 30, 2022[56] - The Audit Committee reviewed the unaudited financial statements for the period and confirmed compliance with appropriate accounting standards and GEM listing rules[56] - The executive directors include Liu Rongsheng, Fan Guocheng, and Wei Qing, while the independent non-executive directors are Jin Xiaoxian, Li Chao, and Liu Qiang[57] Employment and Operations - The group employed 50 employees as of June 30, 2022, down from 61 employees a year earlier, with total employee costs amounting to HKD 1,400,000 compared to HKD 2,200,000 in the same period last year[39] - The company plans to actively seek other promising investment and business opportunities to expand its revenue sources through investments or acquisitions[32] - The company is exploring opportunities in the deep-sea fishing business, leveraging the experience of its new management team[32] - No significant investments, acquisitions, or disposals of subsidiaries or associates were reported during the period[36] - The group did not purchase, sell, or redeem any of its listed shares during the period[50] - There were no significant events after the reporting period up to the date of this report[40] - The group has not granted any share options since the adoption of the share option scheme on October 18, 2011[48]
中国海洋发展(08047) - 2023 Q1 - 季度财报