Financial Performance - Revenue for the three months ended June 30, 2022, was HK$420,274,000, a decrease of 34.3% compared to HK$639,396,000 for the same period in 2021[16] - Gross profit for the same period was HK$70,473,000, down 32.0% from HK$103,672,000 in 2021[16] - The operating loss for the period was HK$25,795,000, compared to an operating profit of HK$26,959,000 in the previous year[16] - The loss for the period was HK$24,591,000, compared to a profit of HK$15,980,000 in the same period last year[16] - Basic and diluted loss per share attributable to ordinary shareholders was HK(5.8) cents, compared to earnings of HK5.2 cents in 2021[16] - Total comprehensive loss for the period amounted to HK$41,188,000, compared to a comprehensive income of HK$21,259,000 in 2021[19] - The Group reported a net loss of approximately HK$24,591,000, compared to a net profit of approximately HK$15,980,000 in the corresponding period last year[86] - The basic loss per share was approximately HK5.8 cents, compared to basic earnings per share of approximately HK5.2 cents in the corresponding period last year[86] Revenue Breakdown - Total revenue for the three months ended June 30, 2022, was HK$410,817,000, a decrease of 34.8% compared to HK$629,701,000 for the same period in 2021[29] - Revenue from contracts with customers recognized at a point in time was HK$391,110,000, down from HK$584,675,000 in the previous year, reflecting a decline of 33.1%[29] - Revenue from the PRC, including Hong Kong, was HK$401,476,000, down from HK$608,359,000, a decline of 34.0%[29] - Revenue from Asia—other markets was HK$9,341,000, a decrease of 56.3% from HK$21,342,000 in the previous year[29] - The hi-tech distribution and services division's revenue decreased by 37.5% to approximately HK$379,798,000, down from approximately HK$607,861,000 due to semiconductor chip shortages and sluggish demand in the global mobile phone market[91] - Direct machine sales in the hi-tech division fell by 38.0% to approximately HK$339,717,000 from approximately HK$547,934,000[95] - The leasing division generated revenue of approximately HK$40,476,000, representing an increase of 28.4% from approximately HK$31,535,000 in the corresponding period last year[98] Expenses and Costs - Selling and distribution expenses increased to HK$36,985,000 from HK$34,884,000 in the previous year[16] - General and administrative expenses were HK$60,313,000, up from HK$46,060,000 in the same period last year[16] - The company reported finance costs of HK$1,282,000, compared to HK$323,000 in the previous year[16] - Total operating expenses amounted to approximately HK$97,298,000, an increase of 20.2% from approximately HK$80,944,000 in the corresponding period last year[81] - The ratio of total operating expenses (excluding exchange loss) to revenue increased to 18.4% from 12.6% in the corresponding period last year[84] - The significant exchange loss of approximately HK$20,000,000 contributed to the net loss, marking the first loss reported by the Group in the past decade[96] Taxation - The Company is exempt from taxation in Bermuda until 2035, while Hong Kong profits tax is calculated at a rate of 16.5%[36] - Current taxation for the period included HK$8,770,000 in Hong Kong profits tax and HK$1,772,000 in Mainland China corporate income tax[39] - The Mainland China corporate income tax rate remains at 25% for the current year, consistent with the previous year[37] - The deferred tax expense for the period was HK$3,119,000, compared to HK$381,000 in the prior year[39] - The company recorded an over-provision in prior year taxation of HK$497,000 for the current period[39] Share Capital and Options - The weighted average number of ordinary shares in issue for the basic earnings per share calculation increased to 425,125,311 in 2022 from 304,698,014 in 2021[51] - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2022, consistent with the previous year[53] - The total equity as of June 30, 2022, was HK$1,406,254,000, a decrease from HK$1,447,442,000 at the beginning of the period[54] - The company has a share option scheme approved on September 4, 2014, valid for ten years[143] - As of June 30, 2022, the total number of share options outstanding was 18,928,388[149] Future Outlook and Strategy - The Group plans to enhance its service offerings by recruiting qualified service engineers and implementing company-wide staff training[107] - The Group expects increased demand from customers in the electronic vehicle sector, while facing pressure from reduced smartphone production orders[110] - The Group is optimistic about its future role in the Greater Bay Area initiative and aims to improve operational efficiency across its business divisions[111] - The management expresses confidence in finding better positioning and opportunities despite the turbulent international situation[121] - The company aims to focus resources on areas valued most by customers, particularly in the high-tech product distribution and service sector[117] Corporate Governance - The company aims to maintain high standards of corporate governance in line with the Corporate Governance Code[159] - The company has established an audit committee comprising three independent non-executive directors[161] - The audit committee reviewed the unaudited condensed consolidated financial information for the three months ended June 30, 2022[165]
北亚策略(08080) - 2023 Q1 - 季度财报