Financial Performance - For the three months ended June 30, 2023, the group recorded unaudited total revenue of approximately HKD 25.6 million, an increase of about 4.9% compared to HKD 24.4 million for the same period in 2022[10] - The unaudited profit attributable to the owners of the company for the same period was approximately HKD 8.8 million, representing an increase of approximately 46.7% from HKD 6.0 million in 2022[10] - Gross profit for the three months ended June 30, 2023, was HKD 15.3 million, compared to HKD 13.7 million for the same period in 2022, reflecting a gross margin improvement[12] - Operating profit for the same period was HKD 9.6 million, up from HKD 7.3 million in 2022, indicating a strong operational performance[12] - Basic and diluted earnings per share for the three months ended June 30, 2023, were HKD 0.88, compared to HKD 0.60 for the same period in 2022[12] - Total comprehensive income attributable to owners for the three months ended June 30, 2023, was HKD 8.2 million, compared to HKD 5.2 million in 2022[12] - Revenue for the three months ended June 30, 2023, was HKD 25,641,000, an increase of 5.3% compared to HKD 24,357,000 for the same period in 2022[23] - Sales of LED lighting devices reached HKD 13,998,000, up 20.3% from HKD 11,629,000 in the previous year[23] - The gross profit before income tax for the three months ended June 30, 2023, was HKD 5,028,000, a decrease of 5.3% from HKD 5,307,000 in 2022[26] - The total income tax expense for the three months ended June 30, 2023, was HKD 713,000, down 42.4% from HKD 1,238,000 in the same period last year[28] - Employee benefits expenses, including director remuneration, totaled HKD 5,028,000, a decrease of 5.3% compared to HKD 5,307,000 in 2022[26] - Administrative expenses decreased by approximately HKD 0.2 million or 3.2% to about HKD 6.0 million for the three months ended June 30, 2023[38] - Income tax expense decreased by approximately HKD 0.5 million or 41.7% to about HKD 0.7 million for the three months ended June 30, 2023, due to tax relief policies for small and micro enterprises in China[39] - Sales costs decreased by approximately HKD 0.2 million or 1.9% to about HKD 10.4 million for the three months ended June 30, 2023, maintaining stability[37] Dividend and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the three months ended June 30, 2023[10] - The company does not recommend the payment of an interim dividend for the three months ended June 30, 2023, consistent with the previous year[41] Market and Growth Strategy - The company continues to explore market expansion opportunities and new product development strategies to drive future growth[10] - Approximately 78.1% of the company's sales for the three months ended June 30, 2023, were derived from the Chinese market, indicating strong demand from well-known luxury brands[42] - The company aims to continue expanding its customer base by seeking new well-known luxury brand clients through its existing network[42] - The company remains focused on enhancing its core business while exploring new business opportunities amid a recovering economy influenced by the resumption of cross-border travel[42] Corporate Governance - The board of directors is committed to maintaining high levels of corporate governance to enhance transparency and protect shareholder interests[55] - The company has adopted a code of conduct for directors regarding securities trading, which complies with the GEM listing rules[51] - The company has established an audit committee to oversee financial reporting processes and internal controls[59] - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023, and found them compliant with applicable accounting standards and GEM listing rules[59] - The chairman and CEO roles are held by the same individual, which the board believes is beneficial for the company's business outlook and operational efficiency[55] Financial Position - The company’s total assets as of June 30, 2023, were reported at HKD 84.6 million, reflecting a solid financial position[14] - The company’s retained earnings as of June 30, 2023, reflect cumulative net profits recognized in the consolidated income statement[4] - The company’s legal surplus reserve has reached 50% of the registered capital of its subsidiaries in China, complying with local regulations[4] Other Information - The company did not grant any stock options under the stock option plan since its adoption[50] - The company maintained sufficient public float as of the report date[57] - There were no purchases, sales, or redemptions of any listed securities by the company or its subsidiaries during the three months ended June 30, 2023[54] - There were no significant subsequent events occurring after the reporting period and up to the report date[56] - No directors or major shareholders had any competing business interests as of June 30, 2023[52] - The company has integrated its resources and does not present separate operational segment financial information[22] - The company reported a financing cost of HKD 47,000 for lease liabilities, slightly up from HKD 42,000 in the previous year[25] - The company’s consulting and maintenance services for LED lighting systems generated revenue of HKD 506,000, down 42.6% from HKD 884,000 in 2022[23]
英马斯集团(08136) - 2024 Q1 - 季度财报