Financial Performance - For the three months ended October 31, 2022, the group's revenue was approximately HKD 10,000,000, a decrease of about HKD 27,000,000 or approximately 73.1% compared to the same period in 2021[5]. - The loss attributable to owners of the company for the relevant period was approximately HKD 4,500,000, compared to a profit of approximately HKD 5,900,000 for the same period in 2021, primarily due to a decline in overall revenue caused by the COVID-19 pandemic[5]. - The gross profit for the three months ended October 31, 2022, was HKD 1,200,000, down from HKD 17,055,000 in the same period of the previous year[8]. - The company's basic and diluted loss per share for the period was HKD (1.08), compared to earnings of HKD 1.42 per share in the same period last year[8]. - The total comprehensive loss for the period, after tax, was HKD (8,656,000), compared to a total comprehensive income of HKD 8,453,000 for the same period in 2021[8]. - Total revenue for the three months ended October 31, 2022, was HKD 9,950,000, a decrease of 73% compared to HKD 36,963,000 for the same period in 2021[23]. - Rental income from property leasing was HKD 8,430,000, down 44% from HKD 15,211,000 year-on-year[23]. - Financing income from lease receivables decreased to HKD 859,000 from HKD 2,347,000, representing a decline of 63%[23]. - Other income for the period was HKD 96,000, a decrease of 83% compared to HKD 575,000 in the previous year[30]. - Financing costs for the three months were HKD 1,243,000, down 67% from HKD 3,820,000 in the same period last year[31]. - Depreciation of investment properties was HKD 6,249,000, a decrease of 44% from HKD 11,095,000 year-on-year[35]. - The company reported a tax credit of HKD 768,000 for the period, compared to an expense of HKD 3,449,000 in the previous year[40]. - The company reported a basic loss per share of HKD (4,459,000) for the three months ended October 31, 2022, compared to a profit of HKD 5,862,000 for the same period in 2021[42]. - Revenue from property leasing and management services was approximately HKD 10,000,000, a decrease of about 65.1% compared to HKD 28,500,000 in the same period last year[57]. - The interior design and decoration business reported zero revenue, a decline of approximately 100% from HKD 3,800,000 in the previous year[61]. - The contracting business also reported zero revenue, down approximately 100% from HKD 700,000 in the same period last year[62]. - Revenue decreased from approximately HKD 37,000,000 to about HKD 10,000,000, a decline of approximately 73.1% due to sharp drops in property leasing and management services, interior design, and commodity trading[70]. - Gross profit fell from approximately HKD 17,100,000 to about HKD 1,200,000, a decrease of approximately 93.0%, primarily due to the overall revenue decline[72]. - The group recorded a loss of approximately HKD 4,500,000 for the period, compared to a profit of about HKD 5,900,000 in the previous period, with the loss attributed to COVID-19 impacting overall revenue[75]. Operational Insights - The company continues to engage in project management and civil engineering consulting services, as well as property leasing and management services in China[16]. - The company operates a co-working space targeting entrepreneurs and startups, providing flexible office solutions[55]. - The company plans to expand its rental management services across more provinces in China, currently covering 18 provinces[51]. - The company is actively seeking new contracts in the contracting business to improve competitiveness[62]. - The impact of COVID-19 has significantly affected the property leasing market, leading to a decline in revenue across various segments[57]. - The group anticipates that the commodity trading business will gradually recover as the pandemic stabilizes, contributing to future economic benefits[66]. - The group will focus on property leasing and management services as its revenue and profit engine amid a challenging economic environment[67]. Shareholder Information - The board of directors did not recommend the payment of dividends for the relevant period[5]. - The board of directors did not recommend any dividend payment for the period[41]. - The company proposed to change its English name from "CHINA ALL NATION INTERNATIONAL HOLDINGS GROUP LIMITED" to "ALL NATION INTERNATIONAL GROUP LIMITED," which was approved by shareholders on December 9, 2022[99]. - As of October 31, 2022, Mr. Lin Ye holds 29,513,000 shares (7.18%) and has control over 86,534,000 shares (21.04%) through Sonic Solutions Limited[104]. - Major shareholders include Sonic Solutions Limited with 86,534,000 shares (21.04%), and Mr. Jing Shiqi with 60,000,000 shares (14.59%)[109]. - The company has not purchased, sold, or redeemed any of its listed securities during the relevant period[114]. Corporate Governance - The company has adopted a share option scheme since November 19, 2014, in accordance with GEM Listing Rules[120]. - The board of directors currently does not intend to appoint a CEO following the resignation of Mr. Liu Guofei on August 19, 2022, believing it will not adversely affect the company[115]. - There were no significant competitive or conflict of interest concerns reported among directors and major shareholders during the relevant period[113]. - The company has complied with the corporate governance code as per GEM Listing Rules, except for the separation of the roles of chairman and CEO[115]. - As of October 31, 2022, no other directors or senior executives have disclosed any interests in the company's shares or related securities[105]. - The company will continue to review its board structure and the necessity of appointing a suitable candidate for the CEO position if required[115]. - The Audit Committee was established on November 19, 2014, and is responsible for reviewing the financial reporting process, risk management, and internal control systems[122]. - The Audit Committee has reviewed the report and the unaudited consolidated financial statements for the relevant period[123]. - There are no significant events that require disclosure from October 31, 2022, to the date of this report[124]. - The report is dated December 14, 2022, and lists the executive and independent non-executive directors[125]. Financial Position - The group maintained a cash and cash equivalents balance of approximately HKD 24,500,000 as of October 31, 2022, down from about HKD 59,300,000 as of July 31, 2022[80]. - The current ratio remained stable at 2.2 as of October 31, 2022, consistent with the previous period[81]. - The group has no significant capital commitments or contingent liabilities as of October 31, 2022[89][92]. - The group plans to leverage its existing experience and expertise in subleasing to expand revenue sources through a new five-year lease agreement for a seven-story building[97].
全民国际(08170) - 2023 Q1 - 季度财报