Financial Performance - The group's unaudited revenue from power and data decreased by approximately 20.5% to about HKD 10,100,000, compared to HKD 12,700,000 in 2022[7] - The unaudited loss attributable to the owners of the company increased from approximately HKD 6,000,000 in the same period last year to about HKD 8,300,000, primarily due to a decrease in gross profit[15] - The total comprehensive expenses for the period amounted to HKD 7,388,000, compared to HKD 5,486,000 in the previous year[22] - The basic loss per share for the period was HKD 0.3, compared to HKD 0.2 in the previous year[23] - The unaudited total comprehensive income attributable to the owners of the company was HKD (6,993,000), compared to HKD (6,179,000) in the previous year[23] - The basic loss per share for the period was approximately HKD 8,308,000, compared to HKD 6,042,000 in the previous year, reflecting a worsening of 37.5%[53] - The company reported a total interest expense of HKD 1,686,000 for the period, an increase from HKD 1,489,000 in the previous year[34] - The financing costs for the three months ended June 30, 2023, were HKD 1,686,000, compared to HKD 1,489,000 in the previous year[191] Revenue Contributions - The group's unaudited revenue contributions from the US and China were approximately 8.2% (2022: 18.7%) and 91.2% (2022: 76.9%) respectively, with the remaining 0.6% (2022: 4.4%) from other markets[16] - Total revenue for the three months ended June 30, 2023, was HKD 71,091,000, compared to HKD 27,609,000 in the same period of 2022, reflecting an increase of 157%[45] - Revenue from power and data cables, sockets, and medical control devices was HKD 10,115,000, down from HKD 12,679,000 year-on-year, indicating a decrease of 20.2%[45] - Sales of refined petroleum and chemical products reached HKD 60,976,000 for the three months ended June 30, 2023, compared to HKD 14,930,000 in the same period of 2022, representing a significant increase of 308%[45] - Revenue from the sale of natural gas increased by approximately 309.4% to about HKD 61 million during the fiscal period[167] - The increase in revenue was primarily due to the growth in liquefied natural gas (LNG) trading and pipeline natural gas trading businesses[165] - The company reported a revenue of HKD 71,091,000 for the three months ended June 30, 2023, compared to HKD 70,631,000 in the same period last year, indicating a slight increase[191] Strategic Initiatives - The group entered into a non-binding strategic cooperation agreement with Vietnam CNG to develop a liquefied natural gas supply chain in Vietnam, effective from November 1, 2023, to March 31, 2027[19] - The group is actively pursuing opportunities in the clean energy industry chain, aligning with national carbon neutrality and peak carbon emissions initiatives[17] - The group plans to invest in or acquire companies currently engaged in energy business or to bid for energy projects[19] - The company plans to establish a joint venture in Hainan Province with a registered capital of RMB 5,000,000 (approximately HKD 5,400,000) to develop liquefied natural gas trading business[171] - The company aims to enhance its clean energy trading business by actively connecting upstream natural gas suppliers and developing downstream customer markets[183] - The company is exploring and promoting the industrialization of energy technology to establish its core competitiveness in the clean energy sector[187] Shareholder Information - The company’s major shareholder, Mr. Liang, holds a 55.71% stake, while Mr. Zhang's total beneficial interest, including spouse's holdings, amounts to 69.017%[112] - Major shareholder 百能 (Baineng) owns 1,501,078,281 shares, accounting for 55.710% of the total issued share capital[134] - The company holds a total of 1,859,639,090 shares, with 358,560,809 shares held by other concert parties, representing approximately 19.25% of the total shares[134] - The company’s major shareholders include 富盈投资 (Fuying Investment) with 326,247,014 shares, representing 12.108% of the total issued share capital[138] - The company’s total issued share capital is approximately 2,694,000,000 shares, with various shareholders holding significant percentages[138] Corporate Governance - No dividends were declared during the period, consistent with the previous year[80] - The company did not recommend the payment of dividends for the financial period[180] - The company has not granted any share options under the 2021 plan during the financial year, indicating a focus on retaining talent without additional equity dilution[106] - The company has a stock option plan effective for ten years from September 29, 2021, with a maximum issuance limit of 253,346,545 shares, which is 10% of the shares issued on the listing date[127] - As of the report date, the total number of shares that can be issued under the 2021 plan is 253,346,545, representing 9.4% of the total issued shares[127] Market Outlook - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the conference call[120] - The company’s future outlook remains positive, with ongoing assessments of market trends and potential acquisitions[120] - The company is focusing on clean energy, technological innovation, and improving people's livelihoods as part of its corporate mission[187] - The company reported a total of 10,778 shares as of June 30, 2023, with a significant increase in user data compared to previous periods[124] - The company has no significant contingent liabilities as of June 30, 2023[124]
百能国际能源(08132) - 2024 Q1 - 季度财报