Financial Performance - For the three months ended June 30, 2022, the Group's revenue was approximately HK$19.4 million, a decrease of 9.6% compared to HK$17.7 million in the preceding period[10]. - The Group recorded a loss of approximately HK$3.7 million for the period, compared to a profit of approximately HK$0.2 million in the preceding period[11]. - Revenue for the three months ended June 30, 2022, was HK$19,376,000, representing an increase of 9.6% compared to HK$17,692,000 in the same period of 2021[74]. - The company reported a loss for the period of HK$3,665,000, compared to a profit of HK$242,000 in the previous year[74]. - Total comprehensive income for the period was a loss of HK$1,072,000, compared to a total comprehensive income of HK$242,000 in 2021[74]. - Basic and diluted loss per share attributable to owners of the Company was HK$0.0483, compared to HK$0.0033 in the same period of 2021[77]. - The Group's administrative expenses increased by approximately 41.1% to approximately HK$7.9 million, compared to approximately HK$5.6 million for the same period last year[27]. - Administrative expenses increased to HK$7,854,000 from HK$5,586,000 in the previous year, reflecting a rise of 40.7%[74]. - Finance costs decreased by approximately 20.0% to approximately HK$337,000, down from approximately HK$421,000 in the previous year[31]. - The total finance costs for the three months ended June 30, 2022, were HK$175,000, a decrease from HK$391,000 in the same period of 2021, representing a reduction of approximately 55.2%[98]. Advertising Services - The advertising services business generated revenue of approximately HK$19.4 million, an increase of approximately 9.6% from the preceding period, primarily due to the acquisition of 51% equity in Beijing Creative[12]. - Beijing Creative contributed approximately HK$1.4 million in revenue during the period and secured new marketing contracts that will enhance future revenue streams[19]. - The Group has successfully entered the advertising services market in the PRC following the acquisition of Beijing Creative in March 2022[39]. - The company reported advertising service income of HK$19,376,000 for the three months ended June 30, 2022, an increase of 9.6% compared to HK$17,692,000 for the same period in 2021[94]. New Energy Vehicles - The Group has signed agreements for the sale of over 5,000 units of new energy vehicles, although no delivery schedules were fixed during the period[21]. - The Group aims to expand its product line and market share in the new energy vehicle sector through collaborations and acquisitions[28]. - The new energy vehicle industry is expected to continue its positive growth trajectory, supported by national policies in the PRC[20]. - The Group successfully developed and released the second generation of Farnova Othello, an electric supercar, receiving positive feedback in both domestic and overseas markets[25]. - The Group anticipates a recovery in the new energy vehicle market and its advertising services segment as macroeconomic conditions improve[38]. - The Group entered into a strategic cooperation framework agreement with Yinchuan Hexin Technology Co., Ltd. to jointly invest resources in the development of new energy batteries[114]. Staffing and Expenses - Staff salaries and emoluments rose by approximately 47.1% to approximately HK$2.5 million, up from approximately HK$1.7 million in the previous year[27]. - As of June 30, 2022, the Group had about 55 employees, with total staff costs amounting to approximately HK$2.5 million[41]. - Employee benefit expenses, including directors' remuneration, amounted to HK$2,512,000 for the three months ended June 30, 2022, compared to HK$1,737,000 in 2021, reflecting an increase of 44.5%[99]. Corporate Governance - The company has complied with all corporate governance code provisions except for the requirement of 14 days' notice for board meetings, which was not always feasible[59]. - The Audit Committee reviewed the unaudited first quarterly report and confirmed compliance with applicable accounting standards and GEM Listing Rules[69]. - The financial statements were prepared on a historical cost basis, except for certain financial instruments measured at fair values[91]. - The financial statements for the three months ended June 30, 2022, were reviewed by the Audit Committee and approved for issue by the Board[88]. Shareholder Information - As of June 30, 2022, Mr. Guo Gelin holds 428,065,752 shares, representing approximately 3.72% of the company's total shares[48]. - Mr. Wang Hanjing holds 74,055,000 shares, which is about 0.87% of the total shares[48]. - The share option scheme allows for the issuance of 490,239,192 shares, but no options have been granted under this scheme as of the report date[54]. - The share option scheme was adopted on March 27, 2020, and will remain in force for 10 years[53]. - No substantial shareholders, other than directors, had interests or short positions in the shares that required disclosure as of June 30, 2022[52]. - The company has not granted any rights to acquire shares or debentures to directors or their family members during the reporting period[51]. - There were no competing interests reported among directors or management shareholders during the three months ended June 30, 2022[61]. Other Financial Information - The company incurred a current tax expense of HK$234,000 for the three months ended June 30, 2022, with no PRC Enterprise Income Tax provided for the same period[102]. - The company has not early adopted any new HKFRSs that have been issued but are not yet effective as of the reporting date[89]. - The unaudited condensed consolidated financial statements are presented in Hong Kong dollars (HK$) and rounded to the nearest thousands (HK$'000)[88]. - The company’s registered office is located in Bermuda, and its principal place of business is in Hong Kong[1]. - The Board does not recommend the payment of a dividend for the three months ended June 30, 2022, consistent with no dividend in 2021[110]. - On July 21, 2022, the company signed a loan agreement for RMB30,000,000 at a fixed interest rate of 6%, repayable within one year[114].
嘉鼎国际集团(08153) - 2023 Q1 - 季度财报