Financial Performance - For the three months ended March 31, 2023, the unaudited revenue was approximately HKD 19,564,000, an increase of 32.6% compared to approximately HKD 14,760,000 for the same period in 2022[4] - The group recorded an unaudited profit attributable to owners of the company of approximately HKD 1,243,000, compared to an unaudited loss of approximately HKD 2,628,000 for the same period in 2022[4] - The gross profit for the three months ended March 31, 2023, was HKD 6,827,207, compared to HKD 3,795,260 for the same period in 2022[6] - The total comprehensive income for the period was HKD 1,176,594, compared to a total comprehensive loss of HKD 2,453,817 for the same period in 2022[7] - Basic and diluted earnings per share for the period were HKD 0.237, compared to a loss per share of HKD 0.500 for the same period in 2022[7] Revenue and Costs - The company's revenue from SIM card production for the three months ended March 31, 2023, was approximately HKD 19,500,000, an increase of about HKD 4,800,000 or 32.6% compared to approximately HKD 14,700,000 in the same period of 2022[22] - The cost of sales for the SIM card production business was approximately HKD 12,700,000, an increase of about HKD 1,800,000 or 16.2% compared to approximately HKD 10,900,000 in the same period of 2022[23] - The gross profit increased to approximately HKD 6,800,000, up about HKD 3,000,000 or 79.9% from approximately HKD 3,800,000 in the same period of 2022[23] - The cost of sales for the three months ended March 31, 2023, was HKD 12,737,201, compared to HKD 10,964,399 for the same period in 2022[6] Expenses - Administrative expenses decreased to HKD 5,211,982 for the three months ended March 31, 2023, from HKD 5,544,771 in the same period in 2022[6] - The financial expenses for the period were HKD 52,345, down from HKD 85,075 in the same period in 2022[6] - Administrative expenses decreased slightly by about HKD 330,000 or 6.0% to approximately HKD 5,210,000 compared to approximately HKD 5,540,000 in the same period of 2022[27] - Financial expenses remained stable at approximately HKD 100,000 for both the three months ended March 31, 2023, and 2022[28] Dividends - The company did not recommend any interim dividend for the three months ended March 31, 2023, consistent with the previous year[4] - The company did not declare any interim dividend for the three months ended March 31, 2023, consistent with the same period in 2022[18] Foreign Exchange and Other Income - The company reported a foreign exchange loss of HKD 66,323 for the period, compared to a foreign exchange gain of HKD 173,988 in the same period in 2022[7] - Other income totaled HKD 179,792, including government subsidies of HKD 172,414, bank interest income of HKD 814, and miscellaneous income of HKD 6,564[24] - The net other gains were approximately HKD 60,000, compared to a net loss of approximately HKD 260,000 in the same period of 2022[25] Shareholder Information - Major shareholders included Golden Dice Co., Ltd. with 12.02% and Best Heaven Limited with 6.01% of the shares[34] - The total number of unexercised share options as of March 31, 2023, was 37,179,250, after accounting for 450,000 options that lapsed during the period[36] - The group’s executive directors held a total of 14,400,000 share options as of March 31, 2023[36] - The total equity held by the directors and key executives represented a small percentage of the issued share capital, with the highest individual holding being 1.68%[32] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited results for the three months ended March 31, 2023[38] - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15, except for the separation of the roles of Chairman and CEO, which is not deemed necessary due to the group's small scale[39] - The company has established a set of codes of conduct for directors' securities transactions, which comply with GEM Listing Rules[42] - There are no interests held by directors or management shareholders in any business that competes directly or indirectly with the company's operations as of March 31, 2023[44] Financial Position - As of March 31, 2023, the group had cash and bank balances of approximately HKD 2,300,000, down from HKD 6,200,000 as of December 31, 2022[30] - Current assets were approximately HKD 27,400,000, an increase from HKD 23,900,000 as of December 31, 2022, while current liabilities rose to approximately HKD 29,000,000 from HKD 27,700,000[30] - The current ratio remained at 0.9 as of March 31, 2023, unchanged from December 31, 2022[30] - The debt-to-capital ratio decreased to 6.5% as of March 31, 2023, compared to 9.9% as of December 31, 2022[31] - The company has no outstanding borrowings as of March 31, 2023, compared to HKD 1,300,000 as of December 31, 2022[30] Securities Transactions - The company did not purchase, sell, or redeem any of its securities during the three months ending March 31, 2023[45] - As of March 31, 2023, the remaining term is approximately 4.76 years[40]
品创控股(08066) - 2023 Q1 - 季度财报