Financial Performance - For the three months ended June 30, 2022, the total revenue was HKD 6.4 million, with a gross profit of HKD 2.4 million, compared to HKD 0.5 million in revenue and gross profit of HKD 0.5 million for the same period in 2021[12] - Revenue for the three months ended June 30, 2022, was HKD 6,364,000, a significant increase from HKD 536,000 in the same period of 2021, representing a growth of 1,086%[42] - Gross profit for the same period was HKD 2,417,000, compared to HKD 500,000 in 2021, indicating a growth of 383%[42] - The company reported an operating loss of HKD 3,394,000 for the three months ended June 30, 2022, compared to an operating loss of HKD 749,000 in 2021, reflecting a deterioration of 353%[42] - The loss attributable to owners of the company was HKD 3,935,000, compared to HKD 824,000 in the previous year, marking an increase of 377%[44] - The company incurred a reported loss of HKD 3,607,000 for the three months ended June 30, 2022, compared to a loss of HKD 851,000 for the same period in 2021, indicating a worsening financial position[55] Revenue Segments - The retail business contributed approximately HKD 5.3 million in revenue and HKD 1.6 million in profit for the three months ended June 30, 2022[9] - The cryptocurrency mining segment generated HKD 0.2 million in revenue and gross profit for the three months ended June 30, 2022[12] - The travel-related products and services segment generated revenue of HKD 0.9 million with a gross profit of HKD 0.2 million for the three months ended June 30, 2022[12] - Revenue from travel-related products and services was HKD 856,000, up from HKD 533,000 in the previous year, showing a growth of 60%[51] - Revenue from cryptocurrency mining was HKD 194,000, with no revenue reported in the same period of 2021, indicating a new revenue stream[51] Cost and Expenses - Administrative expenses rose by 43.1% to approximately HKD 5.6 million, primarily due to legal and professional fees related to share placement and operational expenses from cryptocurrency mining and retail business[22] - The total cost of sales, selling expenses, and administrative expenses for the three months ended June 30, 2022, amounted to HKD 9,928,000, up from HKD 4,292,000 in the previous year, reflecting increased operational costs[59] - The company’s administrative expenses increased to HKD 5,555,000 from HKD 3,881,000 in the previous year, reflecting a rise of 43%[42] - The company reported a net financial cost of HKD 187,000 for the three months ended June 30, 2022, compared to HKD 73,000 in the previous year, indicating increased financial burdens[61] Impact of COVID-19 - The company has been affected by the COVID-19 pandemic, which has severely impacted the global travel industry since 2020[9] - The company is focused on expanding its operations in the retail sector and cryptocurrency mining to mitigate the impact of the pandemic on its core travel business[9] - The sales of travel-related products and services were weak due to the COVID-19 pandemic during the three months ended June 30, 2022[16] - The company recorded minimal revenue from free travel products during the same period due to the pandemic[14] - The company remains optimistic about the recovery of the travel industry, especially after Japan eased entry restrictions for foreign tourists on June 10, 2022[23] Business Strategy and Developments - The company aims to diversify its business portfolio to enhance future profitability and potential, including the launch of retail operations in June 2022[9] - The company is diversifying its business activities into other industries to expand revenue sources through the integration of new retail business[23] - The company launched a new retail business segment in June 2022, which is now included in the reportable segments[52] - The company has resumed its travel group operations to Japan, including sightseeing and entertainment activities[23] Shareholder and Governance Information - As of June 30, 2022, the major shareholder, Zongheng You Investment, holds 256,015,000 shares, representing 53.34% of the company's total shares[28] - The investment holding company Zongheng You Investment is registered in the British Virgin Islands, with Ms. Chen, Mr. Yuan Shiqiang, and Mr. Yuan Zhenning holding 68.02%, 23.42%, and 8.56% of the equity, respectively[29] - The company has complied with all provisions of the corporate governance code as of June 30, 2022[33] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial performance for the three months ending June 30, 2022[40] Other Financial Metrics - The company’s total equity as of June 30, 2022, was HKD 28,293,000, an increase from HKD 24,518,000 as of June 30, 2021, representing a growth of 15%[44] - The basic and diluted loss per share for the period was HKD 0.91, compared to HKD 0.21 in the previous year, indicating a decline in earnings per share[42] - Basic loss per share for the three months ended June 30, 2022, was HKD 0.91, compared to HKD 0.21 for the same period in 2021, highlighting a decline in profitability[65] - The company did not declare any dividends for the three months ended June 30, 2022, consistent with the previous year[68] Impairments and Losses - The company reported a cryptocurrency impairment loss of HKD 809,000 for the three months ended June 30, 2022, reflecting challenges in the cryptocurrency segment[59] - The company experienced a foreign exchange loss of HKD 161,000 for the three months ended June 30, 2022, compared to a loss of HKD 8,000 in the same period of 2021, suggesting increased volatility in currency markets[57] Executive Compensation - Total remuneration for executive directors and senior management for the three months ended June 30, 2022, was HKD 825,000, a decrease from HKD 906,000 in 2021[74] - Salary and allowances for the same period were HKD 813,000, down from HKD 891,000 in 2021[74] - The retirement benefit cost for the defined contribution plan was HKD 12,000 for the three months ended June 30, 2022, compared to HKD 15,000 in 2021[74]
飞道旅游科技(08069) - 2023 Q1 - 季度财报