Financial Performance - For the three months ended June 30, 2023, the company's revenue was HKD 10,784,000, an increase of 6.1% compared to HKD 10,162,000 for the same period in 2022[2] - Gross profit for the same period was HKD 3,699,000, representing a 23.6% increase from HKD 2,991,000 in the previous year[2] - The company reported a loss before tax of HKD 2,191,000, compared to a loss of HKD 1,814,000 in the same period last year, indicating a deterioration in performance[2] - Basic and diluted loss per share for the three months ended June 30, 2023, was HKD 0.31, compared to HKD 0.29 for the same period in 2022[2] - The total comprehensive loss attributable to owners of the company for the period was HKD 2,240,000, slightly higher than the loss of HKD 2,096,000 in the previous year[2] - Other income and net gains totaled HKD 131,000 for the three months ended June 30, 2023, a significant decrease from HKD 654,000 in the same period of 2022[24] - Financing costs increased to HKD 446,000 for the three months ended June 30, 2023, compared to HKD 337,000 for the same period in 2022[26] - The company recorded a loss attributable to owners of approximately HKD 2.2 million for the three months ended June 30, 2023, compared to a loss of about HKD 2.1 million in the same period of 2022[41] Revenue Sources - The company's advertising display services generated revenue of HKD 10,309,000 from bus advertising, up from HKD 9,751,000 in the previous year, reflecting a growth of 5.7%[14] - Total revenue for the transportation business was HKD 10,731,000, and for the healthcare business was HKD 53,000, resulting in a total revenue of HKD 10,784,000 for the three months ended June 30, 2023[20] - Revenue from bus advertising rose by approximately 5.1% from about HKD 9.8 million to about HKD 10.3 million, driven by an increase in direct advertising client revenue[35] - Total revenue increased by approximately 5.9% from about HKD 10.2 million for the three months ended June 30, 2022, to about HKD 10.8 million for the same period in 2023, primarily due to increased revenue from bus advertising[33] Business Operations - The company terminated its restaurant business as of April 1, 2023, after transferring the franchise rights to a third party[32] - The company continues to engage in the buying and selling of second-hand private cars, focusing on vintage and classic car markets, and has successfully sold several license plate numbers[32] - The company has not reported any new product launches or technological developments during this period[2] - There are no indications of market expansion or mergers and acquisitions mentioned in the report[2] - The company continues to operate primarily in Hong Kong, with no significant changes in geographical revenue sources reported[15] Cost Management and Future Outlook - Selling expenses increased by approximately 35.7% from about HKD 1.4 million to about HKD 1.9 million, due to higher employee salaries and changes in commission plans[38] - The business environment for 2023 is expected to remain challenging, but improvements are anticipated in the Hong Kong market, particularly in the advertising and outdoor media sectors[42] - The management is committed to strict cost control and price adjustments to enhance profitability while reassessing business strategies for sustainable growth[45] - The company is preparing for the upcoming Hong Kong District Council elections in December 2023, aiming to capitalize on potential advertising opportunities during this period[44] - The company is exploring opportunities for outdoor media advertising platforms in collaboration with government departments, focusing on underutilized resources[44] Shareholder Information - As of June 30, 2023, Goldcore holds 278,640,000 shares, representing 38.70% of the total shares outstanding[53] - AL Capital Limited owns 139,968,000 shares, accounting for 19.44% of the total shares outstanding[53] - Silver Pro has 93,960,000 shares, which is 13.05% of the total shares outstanding[53] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the three months ending June 30, 2023[56] - The company has not granted, exercised, canceled, or expired any stock options under its stock option plan since its adoption in December 2016[57] Corporate Governance - The company has complied with the corporate governance code during the three months ending June 30, 2023, except for the separation of roles between the Chairman and CEO[61] - The audit committee consists of three independent non-executive directors, ensuring effective oversight of financial reporting and risk management[62] - The company has no undisclosed interests or short positions in any shares or related securities as of June 30, 2023[55] - There were no non-compliance incidents reported by the directors during the three months ending June 30, 2023[59] - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[61] - The board of directors includes Ms. Zhou Huizhu as the Executive Director and CEO, and Mr. Liang Junwei as a Non-Executive Director[64] Reporting Period - The earnings report is for the first quarter of the fiscal year 2023/24[64]
奥传思维控股(08091) - 2024 Q1 - 季度财报