Financial Performance - For the three months ended June 30, 2023, the company recorded unaudited revenue of approximately HKD 16,120,000, an increase of about 17.87% compared to the same period last year[3]. - The company reported an unaudited loss attributable to owners of approximately HKD 850,000 for the three months ended June 30, 2023, compared to a loss of HKD 3,700,000 in the same period last year[3]. - Basic and diluted loss per share for the three months ended June 30, 2023, was HKD 0.14, compared to HKD 2.28 in the same period last year[3]. - Total comprehensive loss for the three months ended June 30, 2023, was HKD 1,625,000, down from HKD 5,717,000 in the same period last year[4]. - The company reported a pre-tax loss of HKD 849,000 for the three months ended June 30, 2023, compared to a loss of HKD 3,698,000 in the same period last year[21]. - The company incurred operating losses of HKD 847,000, a significant improvement from the operating loss of HKD 4,060,000 in the previous year[15]. Revenue Breakdown - Total revenue for the three months ended June 30, 2023, was HKD 16,115,000, an increase of 17.7% compared to HKD 13,672,000 for the same period in 2022[13]. - Sales of electronic products amounted to HKD 7,594,000, a decrease of 3.7% from HKD 7,887,000 in the previous year[13]. - Revenue from restaurant operations increased significantly to HKD 8,521,000, up 47.4% from HKD 5,785,000 in the prior year[13]. - Revenue from external customers in Hong Kong reached HKD 9,549,000, a 58.5% increase from HKD 6,027,000 in 2022[19]. - Revenue from the electronic products segment was approximately HKD 7,600,000, a decrease of about 3.71% compared to the same period in 2022, mainly due to a reduction in sales of fishing indicators[29]. - Revenue from the restaurant services segment was approximately HKD 8,520,000, an increase of about 47.29% compared to the same period in 2022[31]. Profitability and Costs - Gross profit for the three months ended June 30, 2023, was HKD 3,526,000, compared to HKD 1,793,000 in the same period last year, reflecting improved profitability[4]. - The gross profit margin increased from 13.11% for the three months ended June 30, 2022, to 21.88% for the same period in 2023, primarily due to higher sales of high-margin dishes in the restaurant business[32]. - The company’s financial costs decreased significantly to HKD 160,000 for the three months ended June 30, 2023, from HKD 1,173,000 in the same period last year[4]. - The company’s administrative and other expenses decreased to HKD 4,586,000 for the three months ended June 30, 2023, from HKD 6,019,000 in the same period last year, reflecting cost control measures[4]. - Administrative and other expenses for the three months were approximately HKD 4,590,000, a decrease of about 23.81% from HKD 6,020,000 in the same period last year[32]. - The company’s sales and distribution expenses increased to HKD 371,000 for the three months ended June 30, 2023, compared to HKD 278,000 in the same period last year[4]. Shareholder Information - The weighted average number of shares for the three months ended June 30, 2023, was 602,264,824, compared to 162,218,272 for the same period in 2022[28]. - As of June 30, 2023, the company has a total of 132,433,678 shares held by major shareholders, representing 19.87% of the issued share capital[42]. - The company reported that the executive director Zheng Ruoxiong holds 4,878,000 shares, accounting for 0.73% of the company's shares[38]. - The company has a total of 2,280,000 share options held by executive directors, which includes personal and spouse interests[40]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[51]. - The company has complied with the corporate governance code as per GEM listing rules during the three-month period ending June 30, 2023[47]. - The company has no knowledge of any significant contracts in which directors have a substantial interest that could impact the group's business[49]. - The company has not identified any competitive businesses or conflicts of interest involving its directors or major shareholders during the three-month period[50]. - The company has not disclosed any other interests or positions held by directors in accordance with the Securities and Futures Ordinance[44]. - The company has not reported any non-compliance with the trading standards for directors during the three-month period[46]. Dividend Policy - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2023, consistent with the previous year[3]. - The company did not declare any dividends for the three months ended June 30, 2023, consistent with the same period in 2022[24]. Future Outlook - The company plans to continue focusing on its core electronic products business while exploring new opportunities to broaden revenue sources[28]. - The company aims to increase its market share through more promotional and marketing activities and the design and development of new electronic products[28].
毅高国际控股(08218) - 2024 Q1 - 季度财报