Financial Performance - For the three months ended June 30, 2023, the total revenue was HKD 275,346,000, representing a 50.5% increase from HKD 182,873,000 in the same period of 2022[3] - The revenue from the distribution of cosmetic and skincare products was HKD 256,962,000, up 56.5% from HKD 164,129,000 year-on-year[8] - The company reported a net loss of HKD 1,629,000 for the quarter, an improvement from a loss of HKD 5,016,000 in the previous year[6] - Basic and diluted loss per share for the quarter was HKD 3.6, compared to HKD 6.02 in the same period last year[4] - The gross profit for the quarter was HKD 26,568,000, which is a 9.0% increase from HKD 24,349,000 in the prior year[3] - The total comprehensive loss for the quarter was HKD 2,585,000, compared to HKD 5,270,000 in the previous year, showing a reduction in overall losses[6] - The company recorded a loss attributable to equity holders of approximately HKD 2,838,000, an improvement from a loss of HKD 4,516,000 in the same period last year[19] - The beauty and body services generated revenue of approximately HKD 13,489,000, an increase of about 8% from HKD 12,472,000 year-on-year[21] Income and Expenses - The company incurred financing costs of HKD 161,000, compared to HKD 75,000 in the previous year, indicating an increase in financing expenses[3] - Other comprehensive loss for the quarter totaled HKD 956,000 due to foreign exchange differences, compared to HKD 254,000 in the previous year[6] - The company recognized other income of HKD 1,668,000, a significant recovery from a loss of HKD 4,844,000 in the same period last year[8] - The company experienced a net loss of approximately HKD 803,000 from investments in the Hong Kong stock market and non-listed equity funds, compared to a net gain of HKD 2,913,000 in the previous year[18] - Interest income from the lending business was approximately HKD 3,517,000, an increase of about 16% compared to approximately HKD 3,040,000 in the same period last year[29] Business Developments - The company launched a new anti-aging product named "iPRO NMN Deluxe 3 in 1," which has been successfully marketed[25] - The beauty and body industry is recovering, with positive consumer sentiment following the lifting of COVID-19 restrictions in Hong Kong[21] - The group is focused on expanding its securities investment business and has allocated HKD 30 million for this purpose, with the full amount already utilized[31] Shareholder Information - The company did not declare an interim dividend for the three months ended June 30, 2023, compared to no dividend in the same period last year[17] - As of June 30, 2023, major shareholder Qiu Zhongzong holds 11,707,000 shares, representing 14.85% of the issued share capital[39] - The weighted average exercise price for the share option plan is HKD 0.87, with a total of 5,253,458 options granted[37] - The group has not disclosed any competitive interests held by directors or major shareholders in businesses that compete with the group[41] Governance and Compliance - The company has established formal and transparent procedures to protect shareholder rights, adhering to GEM listing rules and corporate governance codes, with some exceptions noted[43] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial performance for the three months ending June 30, 2023[44] - The company confirmed that all directors have complied with the trading standards set out in GEM listing rules regarding securities transactions[45] - There were no purchases, redemptions, or sales of the company's listed securities by the company or its subsidiaries during the three months ending June 30, 2023[47] - The board of directors includes two executive directors and three independent non-executive directors, with no chairman currently appointed[48] Future Plans - The group plans to control the pace, scale, and scope of property acquisitions due to current market volatility and uncertainties in the global economy and financial markets[31] - The group allocated HKD 116 million for acquiring commercial, industrial, and residential properties in China and Hong Kong, with HKD 95.6 million remaining unutilized as of June 30, 2023[31] - The group has utilized HKD 78 million for the development of its lending business, with the full amount already used[31]
修身堂(08200) - 2024 Q1 - 季度财报