Financial Performance - The company's revenue for the three months ended June 30, 2022, was HKD 10,162,000, a decrease of 13.8% from HKD 11,799,000 in the same period of 2021[2] - Gross profit for the same period was HKD 2,991,000, down 33.0% from HKD 4,465,000 year-on-year[2] - The net loss for the three months ended June 30, 2022, was HKD 2,096,000, compared to a net loss of HKD 1,080,000 in the prior year, representing an increase in loss of 94.3%[2] - Basic and diluted loss per share for the period was HKD 0.29, compared to HKD 0.15 in the same period of 2021[2] - Revenue from advertising display services was HKD 10,134,000, down from HKD 11,655,000 year-on-year, indicating a decline of 13.0%[13] - Revenue from bus advertising was HKD 9,751,000, a decrease of 11.4% from HKD 11,011,000 in the previous year[13] - Revenue from taxi advertising dropped to HKD 187,000, down 46.8% from HKD 352,000 year-on-year[13] - The company reported a loss before tax of HKD 1,814,000 for the three months ended June 30, 2022, compared to a loss of HKD 1,020,000 for the same period in 2021, reflecting a worsening financial performance[19] - The company recorded a loss attributable to owners of approximately HKD 2.1 million for the three months ended June 30, 2022, compared to a loss of about HKD 1.1 million in the same period of 2021[41] - Total revenue decreased by approximately 13.6% from about HKD 11.8 million in the three months ended June 30, 2021, to about HKD 10.2 million in the same period of 2022[34] Equity and Assets - The company's total equity as of June 30, 2022, was HKD 47,948,000, down from HKD 51,657,000 at the end of the previous period[3] - The total designated non-current assets as of June 30, 2022, amounted to HKD 37,912,000, an increase from HKD 36,530,000 as of March 31, 2022[16] Advertising Revenue Breakdown - The gross profit for the logistics advertising business was HKD 2,980,000, while the total gross profit for the group was HKD 2,991,000, indicating a slight decrease in profitability[19] - Bus advertising revenue fell by approximately 11.0% from about HKD 11.0 million to about HKD 9.8 million, primarily due to a decrease in election advertising activities[34] - Taxi advertising revenue decreased by approximately 50.0% from about HKD 0.4 million to about HKD 0.2 million, mainly due to reduced government tender project revenue[34] - The logistics advertising business generated no revenue for the three months ended June 30, 2022, compared to approximately HKD 30,000 in the same period of 2021[35] - Revenue from other types of advertising services increased from about HKD 67,000 to about HKD 186,000, mainly due to a one-time roadshow event[35] Government Support and Costs - The company received government subsidies of HKD 192,000 under the Employment Support Scheme, aimed at supporting employee salaries during the pandemic[23] - The financing cost for the three months ended June 30, 2022, was HKD 337,000, a slight decrease from HKD 363,000 in the previous year[25] - Administrative expenses decreased by approximately 5.3% from about HKD 3.8 million to about HKD 3.6 million, attributed to reduced employee benefits and business entertainment expenses[39] Shareholding and Corporate Governance - As of June 30, 2022, the company’s major shareholder, Goldcore Global Investments Limited, holds 278,640,000 shares, representing 38.70% of the total shares[51] - Mr. Liu Zhi Cheng and AL Capital Limited own 139,968,000 shares, which accounts for 19.44% of the total shares[51] - Mr. Shi Guan Ju and Silver Pro Investments Limited possess 93,960,000 shares, equivalent to 13.05% of the total shares[51] - The shareholding structure indicates that the top two shareholders collectively control over 57% of the company[51] - The company has adopted a share option plan to incentivize selected participants for their contributions[55] - The company has adhered to the corporate governance code as per GEM listing rules, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual, Ms. Zhou[59] - The Audit Committee, consisting of three independent non-executive directors, has been established to oversee the effectiveness of the financial reporting system and internal controls[60] - The board includes experienced directors, ensuring a balance of power and authority in decision-making processes[59] - The company emphasizes the importance of independent opinions in financial reporting and risk management systems[60] - The board will continue to meet regularly to discuss matters affecting the company's operations[59] Market Conditions and Future Outlook - The local GDP contracted by 4.0% year-on-year, reversing the growth trend of the previous four quarters[43] - The company anticipates some economic recovery as local pandemic conditions improve and cross-border transport restrictions are gradually eased[43] - The company aims to expand its advertising services across various platforms, focusing on enhancing its operational capabilities in the logistics and healthcare sectors[17] - The company has not disclosed any new product developments or market expansion strategies in the current report[2]
奥传思维控股(08091) - 2023 Q1 - 季度财报