Financial Performance - The total revenue for the three months ended June 30, 2023, was HK$68,933,000, a 37.5% increase from HK$50,114,000 in the same period of 2022[35]. - Profit before taxation for the period was HK$18.8 million, up from HK$16.7 million in the previous year, representing a growth of approximately 12.5%[5]. - Profit and total comprehensive income for the period amounted to HK$16.1 million, compared to HK$14.7 million in the same period last year, reflecting an increase of about 9.4%[6]. - The company reported earnings per share of HK$8 for the period, compared to HK$7.5 in the previous year, indicating improved profitability on a per-share basis[56]. - The total equity of the company as of June 30, 2023, was HK$269.4 million, an increase from HK$252.4 million at the beginning of the period[57]. - The company reported a profit attributable to ordinary equity holders of HK$5,661,000 for the period, compared to HK$4,823,000 in 2022, representing an increase of 17.4%[126]. Revenue Breakdown - The business property investment segment generated HK$52,155,000, accounting for 75.7% of total revenue, up from HK$40,347,000 in the previous year[35]. - The Financial Quotient and Investment Education Business generated revenue of approximately HK$52.1 million during the three months ended June 30, 2023, representing an increase of approximately 29.3% compared to approximately HK$40.3 million for the last financial year[159]. - Tuition fees from private supplementary education services amounted to HK$52,155,000, up from HK$40,347,000 in the previous year, reflecting a growth of 29.2%[101]. - During the three months ended June 30, 2023, the Private Supplemental Education Business generated revenue of approximately HK$15.8 million[141]. - The Financial Quotient and Investment Education Business reported revenue of HK$855,000, slightly up from HK$845,000 in the same period last year[35]. Cost and Expenses - The Group's cost of sales increased by 89.7% to approximately HK$28.2 million for the three months ended 30 June 2023 compared to the same period in 2022[22]. - Selling and administrative expenses for the three months ended 30 June 2023 were approximately HK$22.4 million, representing an increase of approximately HK$3.7 million from HK$18.7 million for the same period in 2022[24]. - The increase in sales cost was primarily due to the rise in costs associated with educational services offered by the Group[23]. - Administrative expenses for the period were HK$4.0 million, compared to HK$1.3 million in the previous year, indicating a significant rise in operational costs[4]. - Other income and gains for the period totaled HK$605, a decrease from HK$80, highlighting a shift in income sources[4]. Share Options and Corporate Governance - The total number of share options granted on 14 October 2022 was 35,844,000[3]. - The share option scheme allows for options to be granted up to 10% of the issued shares of the Company at any point in time without prior shareholder approval[9]. - The exercise price for share options is determined by the Directors and will not be less than the highest of the average closing price for the five business days preceding the grant date[20]. - As of 30 June 2023, there were no interests or short positions in shares held by Directors and chief executives of the Company[11]. - The share option scheme was adopted on 25 September 2014 and will expire on 10 October 2024[17]. Strategic Initiatives - The company continues to focus on market expansion and new product development as part of its strategic initiatives moving forward[61]. - The Group aims to expand its market presence through investments in property in the Asia Pacific region to generate rental income and benefit from property value appreciation in the long term[79]. - The Group is focused on enhancing its financial quotient and investment education offerings, which are part of its strategic initiatives to diversify revenue streams[79]. - The Group aims to invest resources to expand market share and broaden its customer base in the Financial Quotient and Investment Education Business[187]. - The Group's strategy includes proactively seeking potential investment opportunities to enhance shareholder value[188]. Market and Business Segments - The Group operates through six reportable segments: OEM Business, Retail Business, Money Lending Business, Financial Quotient and Investment Education Business, Property Investment Business, and Private Supplementary Education Business[79]. - The Group's financial performance is assessed based on segment results, which represent pretax profit/loss incurred from each segment without allocation of other income, gains, losses, certain corporate expenses, and finance costs[92]. - The geographical revenue analysis indicates that the majority of revenue is derived from Hong Kong, amounting to HK$68,933,000[118]. - The Group remains optimistic about the long-term prospects of the Retail Business and will closely monitor consumer behavior[168]. - The Group is committed to expanding its Money Lending Business with a balanced risk management approach[145]. Company Changes - The company changed its name from "Legendary Group Limited" to "Legendary Education Group Limited" effective from June 2, 2023[27]. - The company adopted a new logo effective from June 2, 2023[27]. - The stock code for the company is 8195, and it is listed on the GEM of the Stock Exchange[43]. - The company has not early adopted any new/revised HKFRSs that have been issued but are not yet effective, indicating a stable accounting policy approach[64]. - The Group's financial results are subject to review and should be read in conjunction with the annual report for the year ended March 31, 2023, to provide a comprehensive view of its financial health[82].
传承教育集团(08195) - 2024 Q1 - 季度财报