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麦迪森控股(08057) - 2023 Q1 - 季度财报
MADISON HLDGMADISON HLDG(HK:08057)2022-08-11 08:32

Financial Performance - The Group recorded a revenue from continuing operations of approximately HK$26.3 million for the three months ended June 30, 2022, representing a decrease of approximately 22.2% compared to HK$33.8 million for the same period in 2021[26]. - Profit attributable to the owners of the Company from continuing operations for the three months ended June 30, 2022, amounted to approximately HK$7.7 million, compared to a loss of approximately HK$6.6 million for the same period in 2021[28]. - For the three months ended June 30, 2022, the company reported a profit attributable to owners of approximately HK$7,706,000, compared to a loss of HK$7,841,000 for the same period in 2021[32][34]. - Revenue for the three months ended June 30, 2022, was HK$26,348,000, a decrease from HK$33,797,000 in the same period of 2021, representing a decline of approximately 22%[32]. - Profit before tax for the period was HK$16,918,000, compared to a loss of HK$5,300,000 in the same period of 2021[32]. - The total comprehensive income for the period was a loss of HK$6,794,000, compared to a gain of HK$295,000 in the same period of 2021[34]. - The Company reported a loss for the period of HK$7,706,000 for the three months ended June 30, 2022, compared to a loss of HK$7,841,000 for the same period in the previous year[37]. - The gross profit from continuing operations was approximately HK$18,300,000, a decrease of about 3.7% or HK$700,000 from HK$19,000,000 in 2021, mainly attributed to reduced revenue from the wine business[163]. Revenue Breakdown - Revenue from the sale of alcoholic beverages was HK$10,407,000, down 41% from HK$17,724,000 year-on-year[53]. - Revenue from the PRC market was HK$15,941,000, an increase from HK$13,695,000 in 2021, while revenue from Hong Kong decreased to HK$10,407,000 from HK$20,102,000[64]. - Revenue from the Wine Business decreased by approximately 41.2% to approximately HK$10.4 million compared to HK$17.7 million in the same period last year[153]. - Revenue from the Loan Financing Business was approximately HK$15.9 million, comparable to approximately HK$16.1 million in the previous year[153]. - The Group's total revenue from continuing operations decreased by approximately 22.2% to approximately HK$26.3 million from approximately HK$33.8 million in the prior year[157]. Expenses and Costs - The cost of alcoholic beverages for the period was HK$8,092,000, down from HK$14,750,000 in the previous year, indicating a reduction of about 45.0%[32]. - The cost of inventories recognized as an expense decreased to HK$7,865,000 from HK$14,371,000, a reduction of about 45.1% compared to the previous year[77]. - Total staff costs rose to HK$8,494,000 from HK$8,011,000, marking a 6% increase year-over-year[77]. - Administrative and other operating expenses decreased by approximately 47.8% to HK$2,400,000 from HK$4,600,000 in 2021, primarily due to reduced professional fees[166]. - The finance costs from continuing operations were approximately HK$6.7 million, comparable to HK$6.5 million in 2021, as the debt structure remained largely unchanged[167]. Exchange Gains and Losses - Net exchange gain from continuing operations amounted to approximately HK$13.4 million for the three months ended June 30, 2022, an increase of approximately HK$13.8 million compared to a net exchange loss of approximately HK$0.4 million for the same period in 2021[27]. - The company experienced an exchange difference loss of HK$20,382,000 arising from the translation of foreign operations[34]. - Other comprehensive income included an exchange loss of HK$11,070,000 arising from the translation of foreign operations for the period[37]. - Other income from continuing operations was approximately HK$15,400,000, significantly up from HK$600,000 in 2021, mainly due to a net exchange gain of approximately HK$13,400,000[163]. Share Options and Equity - The Company has conditionally adopted a share option scheme to provide incentives to eligible persons, with a total of 18,100,000 share options granted on December 17, 2015[94]. - As of June 30, 2022, the number of outstanding share options under the Share Option Scheme was 50,830,000 shares, which is approximately 8.2% of the total shares in issue[124][125]. - The total number of share options granted to employees, directors, and consultants as of December 6, 2019, was 355,400,000 at an exercise price of HK$0.207 per share[108]. - The maximum number of shares that can be issued upon the exercise of share options was set at 519,272,689 shares after the refreshment of the scheme[111]. - The exercise price of outstanding share options was adjusted following the share consolidation effective on January 20, 2022[122][132]. Dividends and Recommendations - The company did not recommend the payment of any dividend for the three months ended June 30, 2022, consistent with the previous year[30]. - The Directors do not recommend the payment of any dividend for the period, consistent with 2021[172]. Future Outlook - The Group anticipates a challenging year ahead due to macroeconomic fluctuations but will continue to seek investment opportunities to diversify its business portfolio[180]. - The company aims to actively seek investment opportunities in other sectors to diversify its revenue sources[182]. - The board will continuously review the existing business portfolio and tighten cost control measures to enhance business performance[182].