Financial Performance - For the three months ended March 31, 2023, the group recorded revenue of HKD 312,280,000, a decrease of 34% from HKD 472,838,000 for the same period in 2022[3] - The profit attributable to owners of the company for the same period was HKD 4,182,000, down from HKD 5,038,000 in the previous year, representing a decline of 17%[3] - Revenue from the China market was HKD 225,896,000, a decrease of 35% from HKD 350,433,000 in the previous year[13] - Revenue from Hong Kong was HKD 75,332,000, down 29% from HKD 106,193,000 in the same period last year[13] - The total comprehensive income for the period was HKD 10,452,000, compared to HKD 5,038,000 in the same period of 2022, indicating an increase due to foreign exchange gains[5] - The financing costs increased to HKD 2,790,000 from HKD 1,198,000 in the previous year, reflecting a rise of 133%[5] - Gross profit for the same period was HKD 15,345,000, down 1% from HKD 15,541,000 year-on-year, with a gross margin increase from 3.3% to 4.9%[27] - The overall consumer electronics market remains weak, impacting sales and gross profit margins[22] Dividend Policy - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2023, consistent with the previous year[15] - The company does not recommend an interim dividend for the three months ended March 31, 2023, consistent with the previous year[21] Operational Costs - The company reported total employee costs of HKD 2,026,000 for the period, down from HKD 2,336,000 in the previous year[22] - Operating costs, including distribution and administrative expenses, decreased by 6% to HKD 8,613,000 from HKD 9,151,000 year-on-year[28] Strategic Focus - The company is focusing on developing products related to new energy vehicles and energy storage equipment, adapting to trends in the semiconductor industry[23] - The company is developing solutions for metaverse hardware applications, which are expected to drive future revenue growth[25] - The company has obtained distribution rights from E Ink, the world's largest supplier of electronic paper, and is developing applications for portable appliances and testing instruments[25] Corporate Governance - The company has complied with the applicable corporate governance code provisions during the reporting period[42] - All directors confirmed compliance with the code of conduct for securities transactions during the reporting period[46] - The audit committee reviewed the accounting principles and policies adopted by the group for the three months ending March 31, 2023[44] Shareholder Information - As of March 31, 2023, major shareholder Shijie holds 224,423,000 shares, representing 34.38% of the issued share capital[36] - The company raised approximately HKD 30 million from the placement of 150,000,000 shares in January 2016[38] - The revised use of proceeds includes HKD 4.6 million for upgrading the ERP system, with a remaining balance of HKD 4.0 million expected to be utilized by the end of 2024[39] - The company allocated HKD 11.2 million for expanding its ELA business, with HKD 3.7 million already utilized[39] Miscellaneous - The company did not grant any share options under the share option scheme during the reporting period[34] - The company has not purchased, sold, or redeemed any of its listed securities during the review period[41] - The board expresses gratitude to employees, shareholders, customers, suppliers, and business partners for their ongoing support[47]
扬宇科技(08113) - 2023 Q1 - 季度财报