Financial Performance - The group's revenue for the first quarter of 2023 reached HKD 117,827,000, a significant increase of 174% compared to HKD 42,877,000 in the same period of 2022[5] - The group reported a profit before tax of HKD 19,281,000, compared to a loss of HKD 295,000 in the first quarter of 2022[5] - The net profit for the first quarter of 2023 was HKD 16,106,000, a turnaround from a loss of HKD 295,000 in the same quarter of the previous year[5] - Basic and diluted earnings per share for the first quarter of 2023 were HKD 1.62, compared to a loss per share of HKD 0.05 in the first quarter of 2022[8] - The total comprehensive income for the first quarter of 2023 was HKD 16,171,000, compared to HKD 280,000 in the same period of 2022[8] - The total revenue for the group for the three months ended March 31, 2023, was approximately HKD 118 million, up from HKD 42.9 million in the same period of 2022[31] - The group recorded a profit before tax of HKD 19.281 million for the three months ended March 31, 2023, compared to a loss of HKD 295,000 in the same period of 2022[17] Costs and Expenses - The group incurred finance costs of HKD 1,303,000, an increase from HKD 1,002,000 in the first quarter of 2022[5] - The cost of sales and consumed inventory for the first quarter of 2023 was HKD 94,874,000, compared to HKD 39,208,000 in the same period of 2022[5] - The group’s financial costs increased by approximately 30% to HKD 1.303 million in 2023 from HKD 1.002 million in 2022[31] - The group’s administrative expenses decreased by approximately 27.6% to HKD 961,000 in 2023 from HKD 1.327 million in 2022[31] - The group incurred current tax expenses of HKD 3.175 million for the three months ended March 31, 2023, compared to no tax expenses in the same period of 2022[23] - The group’s employee benefits expenses decreased by approximately 2.3% to HKD 710,000 in 2023 from HKD 727,000 in 2022[31] Business Segments - For the three months ended March 31, 2023, the wine business generated revenue of approximately HKD 118 million, a significant increase from HKD 41 million in the same period of 2022[28] - The food business did not generate any revenue during the period, compared to HKD 1.4 million in the same period of 2022, resulting in a performance of zero, compared to a loss of HKD 66,000 in 2022[29] - The group’s wine business remains the largest revenue segment, with a focus on expanding distribution and wholesale channels[28] - The company aims to enhance its wine trade sales capabilities and expand its distribution and wholesale channels in the optimistic global wine market, particularly targeting the APEC region[33] Assets and Liabilities - The group’s total assets as of March 31, 2023, were HKD 372,012,000, compared to HKD 299,934,000 as of March 31, 2022[9] - The group’s capital reserve increased to HKD 750,000 as of March 31, 2023, from HKD 1,797,000 as of March 31, 2022[9] - As of March 31, 2023, the company's cash and cash equivalents amounted to approximately HKD 1.7 million, a decrease from approximately HKD 4.0 million as of December 31, 2022[37] - The company's total borrowings as of March 31, 2023, were approximately HKD 90 million, unchanged from December 31, 2022[38] - The debt-to-equity ratio as of March 31, 2023, was approximately 24%, consistent with the ratio as of December 31, 2022[39] Corporate Governance - The audit committee reviewed the unaudited financial statements for the first quarter of 2023 and confirmed compliance with applicable accounting standards and GEM listing rules[64] - The company has adhered to the corporate governance code as per GEM listing rules for the three months ending March 31, 2023[62] - There were no reported violations of trading regulations by directors during the review period[61] - No directors or their associates held interests in any competitive businesses as of March 31, 2023[60] - The company has not made any arrangements for directors or key executives to acquire securities of the company or its related entities during the three months ending March 31, 2023[57] - The audit committee consists of three independent non-executive directors, with Mr. Hu Zijing serving as the chairman[64] - The company has implemented a risk management concept within its internal control system as part of the audit committee's responsibilities[64] - The board of directors is composed of executive directors and independent non-executive directors as of the report date, May 15, 2023[65] Shareholder Information - The company plans to increase its authorized share capital to HKD 1,000 million by creating an additional 9,000,000,000 shares, pending shareholder approval[36] - The company has no significant contingent liabilities as of March 31, 2023, aside from those disclosed in the financial statements[45] - The company has approximately 14 employees as of March 31, 2023, and offers competitive compensation and internal training programs to attract and retain talent[48] - The company has not made any significant investments, acquisitions, or disposals of subsidiaries during the reporting period[49] - The company does not currently have any agreements or instruments in place to hedge against foreign exchange risks, which could impact financial performance[41] - As of March 31, 2023, the beneficial ownership of Ms. Huang Wei is 171,244,800 shares, representing approximately 17.18% of the company's total ordinary shares[54] - As of March 31, 2023, no individuals (excluding directors and key executives) held 5% or more of the company's shares or related securities[56] - The company completed the sale of its entire stake in Food Idea 001 Limited on January 16, 2023, and FI001 Limited is no longer a subsidiary[58]
百利达集团控股(08179) - 2023 Q1 - 季度财报