Financial Performance - The group recorded revenue of approximately HKD 20.80 million for the three months ended March 31, 2023, compared to HKD 21.87 million for the same period in 2022, representing a decrease of 4.9%[4] - The loss attributable to the owners of the company for the three months ended March 31, 2023, was approximately HKD 1.05 million, a significant improvement from a loss of HKD 3.92 million in the same period of 2022, indicating a reduction of 73.3%[4] - The gross profit for the three months ended March 31, 2023, was HKD 3.87 million, compared to HKD 2.15 million for the same period in 2022, reflecting an increase of 80.5%[5] - The total comprehensive loss for the period was HKD 1.00 million, a notable improvement from HKD 5.09 million in the previous year, marking a decrease of 80.3%[6] - The basic and diluted loss per share for the three months ended March 31, 2023, was HKD 0.48, compared to HKD 2.67 for the same period in 2022, indicating a significant reduction in loss per share[6] - The total revenue for the three months ended March 31, 2023, was HKD 20,802,000, a decline of 4.9% from HKD 21,873,000 in the same period of 2022[14] - The basic and diluted loss per share for the three months ended March 31, 2023, was HKD 1,052,000, compared to a loss of HKD 3,917,000 for the same period in 2022[16] - The total revenue for the first quarter of 2023 decreased by approximately 4.90% to about HKD 20.80 million compared to the same period in 2022[26] Revenue Breakdown - For the three months ended March 31, 2023, the revenue from sales of cast metal products was HKD 20,360,000, a decrease of 2.0% compared to HKD 20,784,000 for the same period in 2022[14] - The revenue from financial printing services was HKD 442,000, down 59.5% from HKD 1,089,000 in the previous year[14] - The financial printing services revenue significantly decreased by approximately 59.41% compared to the first quarter of 2022, reflecting ongoing impacts from the COVID-19 pandemic[23] - The company’s metal casting business revenue decreased by approximately 2.04% in the first quarter of 2023, indicating a potential recovery in core markets in Europe and the United States[22] Expenses and Cost Management - The group’s administrative expenses decreased to HKD 4.05 million from HKD 5.94 million in the same period last year, a reduction of 31.9%[5] - The financial costs for the period were HKD 0.21 million, down from HKD 0.46 million in the previous year, representing a decrease of 54.4%[5] - Administrative expenses decreased by approximately 31.82% to about HKD 4.05 million compared to approximately HKD 5.94 million in the first quarter of 2022[29] - The sales and distribution expenses for the first quarter of 2023 were approximately HKD 0.84 million, a decrease from approximately HKD 1.08 million in the same period of 2022[28] Share Capital and Equity - The group’s total equity attributable to owners increased to HKD 13.88 million as of March 31, 2023, from HKD 12.16 million at the beginning of the year[8] - The company issued new shares during the period, resulting in an increase in share capital and premium, contributing to the overall equity position[8] - The weighted average number of ordinary shares for the three months ended March 31, 2023, was 220,838,000, an increase from 146,756,000 shares in the same period of 2022[17] - The company’s issued and fully paid ordinary shares increased from 212,160,000 shares as of December 31, 2022, to 223,160,000 shares as of March 31, 2023[18] Dividends and Taxation - The board of directors did not recommend the payment of an interim dividend for the three months ended March 31, 2023[4] - 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 has no taxable profits in Hong Kong and China for the three months ended March 31, 2023, resulting in no provisions for Hong Kong profits tax and Chinese corporate income tax[15] Corporate Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with GEM listing rules[45] - The company has adopted the corporate governance code as per GEM listing rules and has complied with its provisions during the reporting period[46] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not result in significant changes to accounting policies[12] Future Outlook - The company plans to continue monitoring the development of the COVID-19 pandemic and strengthen cost control and resource management to maintain market competitiveness[25] - The company issued 11,000,000 subscription shares at a price of HKD 0.235 per share, raising a total of HKD 2.59 million for debt repayment and general working capital[33] - The company established three joint ventures with a partner, contributing HKD 1.02 million and HKD 0.98 million respectively[34] Stock Options and Securities - The company has not granted any stock options under the stock option plan since its adoption on April 10, 2015[40] - No securities were purchased, sold, or redeemed by the company or its subsidiaries during the three months ended March 31, 2023[42] Shareholding - As of March 31, 2023, Mr. Fang Jinhou holds 26,611,500 shares, representing 11.92% of the issued share capital[43]
吉盛集团控股(08133) - 2023 Q1 - 季度财报