Financial Performance - For the three months ended June 30, 2023, the company reported revenue of HKD 49,321, a decrease of 13.5% compared to HKD 11,340 for the same period in 2022[6]. - Gross profit for the same period was HKD 4,278, down 12.0% from HKD 4,864 in the previous year[6]. - The company incurred an operating loss of HKD 860, compared to an operating profit of HKD 1,072 in the prior year, indicating a significant decline in operational performance[6]. - The net loss for the period was HKD 943, compared to a profit of HKD 1,017 in the same quarter of the previous year, reflecting a shift in financial results[6]. - Basic and diluted loss per share was HKD 0.44, compared to earnings per share of HKD 0.47 in the previous year[6]. - Total equity as of June 30, 2023, was HKD 43,853, a decrease from HKD 48,865 as of June 30, 2022[8]. - The company reported a loss attributable to shareholders of HKD 943,000 for the three months ended June 30, 2023, compared to a profit of HKD 1,017,000 for the same period in 2022[21]. - Basic and diluted loss per share for the three months ended June 30, 2023, was HKD 0.44 cents, compared to HKD 0.47 cents for the same period in 2022[23]. - Total comprehensive income decreased from a profit of approximately HKD 1.0 million for the three months ended June 30, 2022, to a total comprehensive loss of approximately HKD 0.9 million for the same period in 2023, a decrease of about HKD 1.9 million[45]. Operational Costs - Administrative expenses rose to HKD 4,008, compared to HKD 3,899 in the same period last year, indicating increased operational costs[6]. - Employee benefit expenses, including director's remuneration, decreased from HKD 6.4 million in 2022 to HKD 5.7 million in 2023[18]. - Service costs for the three months ended June 30, 2022, and 2023 were approximately HKD 6.5 million and HKD 5.0 million, respectively, representing a decrease of about HKD 1.5 million or 22.1%[35]. - Administrative expenses increased from approximately HKD 3.9 million to HKD 4.0 million, an increase of about HKD 0.1 million or 2.8%[40]. - Other losses increased from approximately HKD 0.8 million to approximately HKD 1.1 million, primarily due to fair value losses on financial assets[39]. Income and Other Financial Metrics - The company reported other income of HKD 872, which is a notable increase compared to the previous year's other income[6]. - Other income significantly decreased from approximately HKD 872,000 for the three months ended June 30, 2022, to HKD 6,000 for the same period in 2023, primarily due to the absence of government subsidies received in the prior year[37]. - Loss before tax decreased from a profit of approximately HKD 1.1 million for the three months ended June 30, 2022, to a loss of approximately HKD 0.9 million for the same period in 2023, a reduction of about HKD 2.0 million[42]. Corporate Governance and Compliance - The financial data presented is unaudited and prepared in accordance with the GEM Listing Rules, ensuring compliance with regulatory standards[12]. - The company confirms compliance with the GEM Listing Rules regarding securities trading by directors for the three months ending June 30, 2023[61]. - The company has maintained high standards of corporate governance, based on the GEM Listing Rules[62]. - The audit committee has been established in accordance with GEM listing rules and corporate governance codes, consisting of three independent non-executive directors[68]. - The audit committee has reviewed and approved the unaudited consolidated financial information for the three months ending June 30, 2023, ensuring compliance with applicable accounting standards and GEM listing regulations[69]. - The board of directors is composed of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[70]. Future Outlook and Strategy - The group aims to achieve sustainable growth and strengthen its competitiveness in the Hong Kong interior design industry, focusing on understanding customer needs and delivering innovative solutions[47]. - The company plans to maintain and consolidate its market position in Hong Kong, enhance brand awareness, and continue talent recruitment and internal training to support future growth[48]. Shareholder Information - Major shareholder Jun Tai Ting Investment holds 159,068,639 shares, representing 73.87% of total equity as of June 30, 2023[52]. - The company did not recommend the payment of any dividends for the three months ended June 30, 2023[25]. - The company has not conducted any significant acquisitions or disposals of subsidiaries, associates, or joint ventures in the three months ending June 30, 2023[58]. - There have been no significant events after June 30, 2023, that would materially impact the company's operations and financial performance[67]. - The company has not disclosed any other individuals or companies with recorded interests or short positions in the company's shares as of June 30, 2023[53]. - The company has not reported any rights issues or share buybacks in the recent quarter[60]. - There were no purchases, sales, or redemptions of the company's listed securities during the three months ending June 30, 2023[59]. - The company adopted a share option scheme in July 2012, which expired on July 29, 2022, and no further options can be granted under this scheme[55].
客思控股(08173) - 2024 Q1 - 季度财报