Financial Performance - Revenue for the first quarter of 2022 was HKD 611,226,000, a decrease of 14.7% compared to HKD 716,262,000 in the same period of 2021[5] - The operating profit for the first quarter was HKD 30,034,000, down 38.1% from HKD 48,455,000 in the previous year[5] - Net profit for the period was HKD 14,831,000, a decline of 47.9% compared to HKD 28,485,000 in the first quarter of 2021[5] - Basic and diluted earnings per share decreased to HKD 3.11 from HKD 5.98, reflecting a drop of 48.0%[7] - Total comprehensive income for the period was HKD 20,059,000, down 43.2% from HKD 35,460,000 in the same quarter last year[7] Revenue Breakdown - Sales of automobiles contributed HKD 452,208,000, a decrease of 15.2% from HKD 533,216,000 in the previous year[16] - Revenue from automotive services and sales of auto parts was HKD 150,426,000, down 13.0% from HKD 172,781,000[16] - Revenue from automobile sales dropped by 15.2% to HKD 452,208,000 compared to HKD 533,216,000 in the previous year, primarily due to COVID-19 control measures in China[24] - Revenue from automobile services and parts sales decreased by 12.9% to HKD 150,426,000 from HKD 172,781,000 year-on-year[25] Other Income and Expenses - Other income increased to HKD 13,436,000 from HKD 11,605,000, representing a growth of 15.8% year-over-year[5] - The company recorded an employee benefit expense of HKD 37,547,000, an increase of 13.7% from HKD 33,018,000 year-on-year[32] Future Outlook - The company anticipates continued uncertainty in 2022 due to COVID-19 but expects growth momentum in the Chinese automotive market, particularly in the new energy vehicle sector[40] - The company plans to maintain prudent cost control measures and enhance customer experience at its dealerships[40] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[57] - The company has adopted a code of conduct for securities transactions by directors, in compliance with GEM Listing Rules[56] Shareholder Information - Major shareholders include Mr. Luo Ping with 107,780,320 shares (22.63%) and Loh & Loh Construction Group Ltd. with 45,284,000 shares (9.51%)[45] - No stock options were granted under the company's share option scheme during the three months ended March 31, 2022[51] Audit and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2022[60] - There were no purchases or redemptions of the company's listed securities during the three months ended March 31, 2022[61] - No directors or major executives were granted rights to subscribe for the company's equity or debt securities during the reporting period[49] - The company has no interests in any business that competes or may compete with its group business as of March 31, 2022[50] Dividends - The company does not recommend a mid-term dividend for the three months ended March 31, 2022[39]
G.A.控股(08126) - 2022 Q1 - 季度财报