Financial Performance - The group's revenue for the three months ended June 30, 2023, was approximately HKD 7.04 million, a decrease of about 2.1% compared to HKD 7.19 million for the same period in 2022[6] - Gross profit for the same period was approximately HKD 5.43 million, down about 2.3% from HKD 5.56 million in the previous year, with a gross margin of approximately 77.1%[8] - The net loss for the reporting period was approximately HKD 2.93 million, compared to a net loss of HKD 1.66 million for the same period in 2022, primarily due to increased advertising expenses and higher bank borrowing rates[8] - The group reported unaudited revenue of HKD 7,040,000 for the three months ended June 30, 2023, a decrease of 2.1% compared to HKD 7,192,000 in the same period of 2022[68] - The group incurred a loss before tax of HKD 2,925,000 for the three months ended June 30, 2023, compared to a loss of HKD 1,658,000 in the prior year, indicating a significant increase in losses[68] - Basic and diluted loss per share for the period was HKD 0.81, compared to HKD 0.46 in the same period last year, representing a 76.1% increase in loss per share[68] - The company reported a loss attributable to equity holders of HKD (2,925,000) for the three months ended June 30, 2023, compared to a loss of HKD (1,658,000) for the same period in 2022, representing an increase in loss of 76.5%[93] - The company incurred total comprehensive expenses of HKD (2,925,000) for the three months ended June 30, 2023[71] Cash Flow and Liabilities - The group's current liabilities net value decreased by approximately 84.9% to about HKD 6.8 million, down from HKD 45.0 million as of June 30, 2022[16] - Cash and bank balances at the end of the reporting period were approximately HKD 1.1 million, a decrease of about 21.4% from HKD 1.4 million in the previous year[16] - The group maintains a balance between cash sustainability and flexibility through its operational cash flow[28] - The debt-to-equity ratio at the end of the reporting period was approximately 500.8%, a slight decrease from 515.5% as of June 30, 2022[18] - As of the reporting period end, the group had no significant liabilities or major encumbrances on its assets[31][34] Operational Highlights - The group plans to participate in the upcoming Hong Kong Trade Development Council Food Expo and conduct flash promotions and annual sales to generate additional revenue in the coming months[14] - The group maintains a cautious outlook on the retail environment, expecting a positive impact from the distribution of consumption vouchers totaling HKD 2,000 to eligible residents in July 2023[14] - Capital expenditure during the reporting period was approximately HKD 9,800, primarily for factory and equipment[19] - The group had a total employee cost of approximately HKD 3.1 million during the reporting period, compared to HKD 3.2 million for the three months ended June 30, 2022[29] - The group has 53 employees as of the reporting period end, a decrease from 56 employees as of June 30, 2022[29] Shareholder Information - The group’s major shareholders include Profit Ocean, which holds 270 million shares, representing approximately 74.66% of the issued shares[49] - There were no significant changes in shareholding or pledges by major shareholders during the reporting period[55] Compliance and Governance - The group has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[39] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the reporting period[40] Other Financial Metrics - Administrative expenses decreased slightly to HKD 7,014,000 from HKD 7,146,000, a reduction of 1.8% year-over-year[68] - Financing costs increased to HKD 1,078,000 from HKD 803,000, marking a rise of 34.3% compared to the previous year[68] - Other income significantly dropped to HKD 1,000 from HKD 864,000, indicating a decline of 99.9% year-over-year[68] - Sales and distribution costs increased to HKD 265,000 from HKD 130,000, reflecting a rise of 103.8% compared to the same period last year[68] - The total equity as of June 30, 2023, was HKD 17,858,000, down from HKD 20,390,000 as of April 1, 2022, indicating a decline of 11.8%[71] - The company did not declare any dividends for the three months ended June 30, 2023, consistent with the same period in 2022[95] - Other income for the three months ended June 30, 2023, was HKD 1,000, compared to HKD 864,000 in the same period of 2022, reflecting a significant decrease due to the absence of government subsidies[85] Future Outlook - Future outlook and performance guidance were not mentioned in the content[96] - No specific revenue or user data was disclosed in the provided content[96] - There are no details on new product or technology development in the provided content[96] - Market expansion and acquisition strategies were not discussed in the content[96] - Other new strategies were not highlighted in the provided content[96] - The financial report is unaudited, indicating potential changes in final figures[96] - The document does not provide specific numerical data beyond loss per share calculations[96]
英记茶庄集团(08241) - 2024 Q1 - 季度财报