Financial Performance - The unaudited revenue for the three months ended June 30, 2022, was approximately HKD 27.6 million, an increase of about 89.0% compared to approximately HKD 14.6 million in the same period last year, primarily due to increased sales of liquefied natural gas[7]. - The company reported an unaudited loss attributable to owners of approximately HKD 6.0 million, compared to a profit of approximately HKD 131.6 million in the same period last year, mainly due to the absence of a one-time debt restructuring gain of approximately HKD 140.9 million recognized in the previous year[7]. - Revenue from liquefied natural gas sales for the period was approximately HKD 14.9 million, compared to none in the previous year[12]. - Revenue from mobile power and data cables decreased by 27% to approximately HKD 5.9 million, down from approximately HKD 8.1 million in the previous year, attributed to intensified competition and the growing popularity of multifunctional cables[14]. - Revenue from medical control devices remained stable at approximately HKD 5.2 million, unchanged from the previous year[20]. - The total comprehensive loss attributable to the owners of the company for the period was HKD 6,042,000, compared to a profit of HKD 131,577,000 in the previous year[35]. - The group reported an operating loss of HKD 3,693,000 for the three months ended June 30, 2022, compared to an operating loss of HKD 8,311,000 in the same period last year[34]. - The basic loss per share for the period was HKD (0.2), compared to earnings per share of HKD 25.2 in the previous year[36]. - The company generated other income of HKD 1,280,000 for the three months ended June 30, 2022, compared to HKD 765,000 in the same period of 2021, representing a growth of approximately 67%[45]. - The company reported a basic loss per share of HKD 0.0024 for the current period, compared to a profit of HKD 0.252 for the same period last year[59]. Market and Strategic Focus - The U.S. and China contributed approximately 19% and 77% of the total unaudited revenue, respectively, while other markets accounted for about 4%[9]. - The company aims to leverage opportunities in the clean energy trade and expand its customer base by matching supply and demand in the natural gas market[12]. - The group aims to enhance its core competitiveness in energy technology by integrating high-quality project resources domestically and internationally[30]. - The group is focusing on the development of the clean energy industry chain and leveraging cutting-edge technology for energy technology industrialization[30]. - The Chinese government has committed to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, which aligns with the group's focus on clean energy transition[26]. - The group plans to establish a joint venture for the research, production, and sale of aerogel products in China, with a registered capital of RMB 25,000,000 (approximately HKD 29,250,000)[30]. - The group will invest or acquire companies currently engaged in energy business to achieve sustainable growth and maximize returns for shareholders[30]. - The company is focused on technological innovation to accelerate the transition to a sustainable energy development model[24]. Shareholder and Capital Structure - The company has implemented a share option plan to attract and retain talent, which was adopted on September 29, 2021, and is valid for ten years[70]. - Under the 2021 share option plan, the total number of shares that can be issued is capped at 10% of the total issued shares at the time of listing, which amounts to 253,346,545 shares[71]. - The maximum number of shares that can be issued to any participant under the share option plan is limited to 1% of the total issued shares within any 12-month period[72]. - The company has not granted any share options under the 2021 plan during the current fiscal year[71]. - The company aims to enhance business performance through the share option plans, which are designed to incentivize employees and directors[70]. - The company has a total of 1,859,639,090 shares, with 358,560,809 shares held by other concert parties[91]. - Mr. Liang Yongchang holds 59.25% of the company's shares through controlled corporations, totaling 1,501,078,281 shares[87]. - Mr. Zhang Chaosheng, as the spouse of Ms. Zhou Jing, has a beneficial interest of 73.403% in the company, amounting to 1,859,639,090 shares[91]. - Major shareholder 百能 holds 1,501,078,281 shares, representing 59.250% of the issued share capital[95]. - 富盈投資 holds 1,533,392,076 shares, accounting for 60.525% of the issued share capital[98]. - New Origins holds 1,827,325,295 shares, which is 72.128% of the issued share capital[98]. - 廣堅投資有限公司 holds 171,936,986 shares, representing 6.787% of the issued share capital[102]. - The total issued share capital of the company is 1,859,639,090 shares[104]. Compliance and Governance - The audit committee consists of three independent non-executive directors[107]. - The company confirmed compliance with the trading standards for directors during the financial period[108]. - The company has not established any arrangements for directors or major shareholders to profit from acquiring shares or bonds during the fiscal period[82]. - No significant contracts were established by the directors that have a substantial interest in the group's business during the financial period[110]. - There were no management contracts for the entire or any significant part of the company's business during the financial period[111]. - No directors or controlling shareholders had interests in any business that competes or may have competed with the group's business during the financial period[114]. - The company has not purchased, sold, or redeemed any of its listed securities during the financial period[109]. Other Financial Information - The company incurred a total tax expense of HKD 98,000 for the three months ended June 30, 2022, a decrease from HKD 461,000 in the same period of 2021[55]. - Interest expenses for other loans amounted to HKD 1,336,000 for the three months ended June 30, 2022, down from HKD 1,754,000 in the same period of 2021[54]. - The company reported a cash payment of HKD 20,000,000 transferred to the creditor plan as part of its debt restructuring[52]. - The company’s total liabilities included HKD 72,989,000 in promissory notes as of June 30, 2021[53]. - The company has not disclosed any other interests or holdings by directors or senior executives in the company or its affiliates as of June 30, 2022[93]. - There were no significant contingent liabilities reported as of June 30, 2022[67]. - No new product or technology developments were mentioned in the provided documents[96]. - There are no indications of market expansion or mergers and acquisitions in the provided content[96]. - All stock options granted are immediately vested without any vesting period[82]. - The company has not made any adjustments to the unexercised stock options due to share splits or consolidations during the fiscal period[81].
百能国际能源(08132) - 2023 Q1 - 季度财报