Financial Performance - For the three months ended July 31, 2022, the group's revenue was approximately HKD 46.7 million, a decrease of about HKD 9.8 million or 17.3% compared to HKD 56.5 million in the same period last year[13] - The gross profit for the same period was approximately HKD 9.0 million, down about 40.8% from HKD 15.2 million in the previous year[14] - The profit for the period was approximately HKD 6.1 million, a decrease of about HKD 3.0 million or 33.0% compared to HKD 9.1 million in the same period last year, primarily due to reduced revenue from LED lighting and decorative products[15] - The total comprehensive income for the period was HKD 4.76 million, down from HKD 9.29 million in the previous year[19] - Basic and diluted earnings per share for the period were HKD 1.22, compared to HKD 1.82 in the same period last year[19] - The group reported a foreign exchange loss of HKD 1.34 million from the translation of overseas operations[19] - Revenue for the three months ended July 31, 2022, was approximately HKD 46.7 million, a decrease of about HKD 9.8 million or 17.3% compared to HKD 56.5 million for the same period in 2021[50] - Net profit for the three months ended July 31, 2022, was approximately HKD 6.1 million, a decrease of about HKD 3.0 million or 33.0% compared to HKD 9.1 million for the same period in 2021[51] Dividend and Shareholder Returns - The board has resolved not to declare an interim dividend for the three months ended July 31, 2022, consistent with the previous year[16] - The group did not declare or propose any dividends for the three months ended July 31, 2022, consistent with the previous year[40] - The company has decided not to declare an interim dividend for the three months ended July 31, 2022[67] Revenue Breakdown - Revenue from Canadian customers increased by approximately HKD 11.8 million or 52.9%, reaching about HKD 22.3 million compared to the same period last year[50] - Revenue from U.S. customers rose approximately HKD 8.7 million or 271.9%, totaling about HKD 11.9 million for the three months ended July 31, 2022[50] - For the three months ended July 31, 2022, the revenue from LED decorative light products was approximately HKD 46.7 million, a decrease of about HKD 5.1 million or 9.8% compared to the same period in 2021 (HKD 51.8 million)[56] - The revenue from LED lighting products was nil for the three months ended July 31, 2022, compared to approximately HKD 4.7 million in the same period in 2021, due to a lack of sales orders from Chinese customers[57] Cost and Expenses - The cost of sales for the three months ended July 31, 2022, was HKD 37.7 million, compared to HKD 41.3 million for the same period in 2021[39] - Selling and distribution expenses for the three months ended July 31, 2022, were approximately HKD 0.5 million, a decrease of about HKD 0.2 million or 28.6% compared to the same period in 2021 (HKD 0.7 million)[62] - Administrative expenses for the three months ended July 31, 2022, were approximately HKD 3.3 million, a decrease of about HKD 0.5 million or 13.2% compared to the same period in 2021 (HKD 3.8 million)[64] - Total tax expenses for the three months ended July 31, 2022, amounted to HKD 1.3 million, a decrease from HKD 2.0 million in the same period last year[43] Research and Development - The group’s R&D expenses for the three months ended July 31, 2022, were HKD 19,000, slightly down from HKD 22,000 in the previous year[39] Future Outlook and Strategy - The company continues to focus on the LED lighting market, which remains a key area for future growth despite recent revenue declines[27] - Management believes that the gradual easing of lockdown measures in China and Hong Kong will be a decisive factor for business recovery in the second half of 2022[52] - The group plans to continue a prudent and balanced risk management approach in the coming years, leveraging tax incentives from the production line in Cambodia to enhance competitiveness[52] - The company is exploring new business activities, including the production and sale of home-based AI robots related to traditional Chinese medicine, which management believes will enhance operational and financial performance[55] Corporate Governance - The company has not engaged in any competitive business activities or conflicts of interest with its directors or major shareholders during the three months ended July 31, 2022[80] - No purchase, sale, or redemption of the company's listed securities occurred during the three months ended July 31, 2022[81] - The company has adhered to the corporate governance code as per GEM listing rules during the three months ended July 31, 2022[82] - The audit committee reviewed the unaudited consolidated financial statements for the three months ended July 31, 2022[89] - The company has not granted any options under the share option scheme since its adoption[87]
濠亮环球(08118) - 2023 Q1 - 季度财报