Financial Performance - For the three months ended June 30, 2022, the company's revenue was approximately HKD 44.3 million, a significant increase of about 60.8% compared to approximately HKD 27.6 million for the same period in 2021[34]. - The loss attributable to owners for the three months ended June 30, 2022, was approximately HKD 3.9 million, compared to a loss of approximately HKD 4.5 million for the same period in 2021[34]. - Basic and diluted loss per share for the three months ended June 30, 2022, was approximately HKD 0.55, an improvement from HKD 0.75 for the same period in 2021[34]. - The total revenue for the three months ended June 30, 2022, was HKD 44,340,000, representing a 60.8% increase from HKD 27,583,000 for the same period in 2021[40]. - The group reported revenue of HKD 44,340,000 for the three months ended June 30, 2022, an increase of 60.6% compared to HKD 27,583,000 in the same period of 2021[76]. - The group incurred a loss before tax of HKD 3,939,000, an improvement from a loss of HKD 4,493,000 in the previous year[76]. - The total comprehensive loss for the period was HKD 12,232,000, compared to HKD 3,951,000 in the same period last year[78]. - The company recorded a consolidated net loss of approximately HKD 3,939,000 for the three months ended June 30, 2022[87]. Revenue Breakdown - The revenue from two-way radios increased by approximately 39.9% to about HKD 21.1 million for the three months ended June 30, 2022, compared to approximately HKD 15.1 million for the same period in 2021[38]. - Revenue from baby monitors decreased by approximately 99.4% to about HKD 2,000 for the three months ended June 30, 2022, down from approximately HKD 0.3 million for the same period in 2021[38]. - Revenue from other products increased by approximately 90.7% to about HKD 23.3 million for the three months ended June 30, 2022, compared to approximately HKD 12.2 million for the same period in 2021[38]. - The revenue from two-way radios was HKD 21,063,000, accounting for 47.5% of total revenue, up 39.9% from HKD 15,054,000 in the previous year[40]. - The revenue from other products increased by 90.7% to HKD 23,275,000, which constituted 52.5% of total revenue[40]. Cost and Profitability - The gross profit margin significantly decreased from 4.2% to 0.1%, with the cost of sales rising from approximately HKD 26.4 million to HKD 44.3 million, a 67.6% increase[45]. - Gross profit for the same period was HKD 54,000, a significant decrease from HKD 1,164,000 year-on-year[76]. - The company reported a significant increase in inventory costs, which rose to HKD 37,439,000 for the three months ended June 30, 2022, compared to HKD 18,516,000 in the same period of 2021, indicating increased operational activity[105]. Corporate Actions - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2022, consistent with the previous year[34]. - A 100% equity acquisition of 富鏘海外有限公司 was completed for HKD 15,000,000 on June 24, 2022, enhancing the company's product offerings in the OEM, ODM, and OBM sectors[50]. - The company issued 6,000,000 new shares at a price of HKD 0.230 per share, completing the placement on July 8, 2022[52]. - The company completed the acquisition of 100% of the issued shares of Fuchang Overseas Limited for HKD 15 million on June 24, 2022, which is expected to diversify its product offerings[88]. - The total cost of the acquisition was settled by issuing 113,636,364 shares at HKD 0.132 per share, reflecting a strategic move to strengthen the company's capital structure[121]. Future Plans and Strategies - The company plans to diversify revenue sources and seek new products while leveraging existing sales channels and networks[42]. - The company aims to continue developing new product lines and exploring new customer and sales channels in the coming year[42]. - The company is actively seeking opportunities to diversify its revenue sources through collaboration with a partner to develop a sales network and value-added services for Internet System 5.0 G in China[89]. - The company aims to enhance its financial position by completing potential fundraising activities, including issuing convertible bonds and further placements[89]. Compliance and Governance - The company maintained compliance with all corporate governance codes during the reporting period[66]. - The audit committee reviewed the unaudited financial results for the three months ended June 30, 2022[72]. Financial Position - As of June 30, 2022, the company's net liabilities amounted to approximately HKD 25,284,000, raising significant doubts about its ability to continue as a going concern[87]. - The company’s total equity as of June 30, 2022, was approximately HKD (25,283,000), reflecting a decrease from HKD (28,051,000) as of April 1, 2022[80]. - The company’s accumulated losses increased to HKD (141,939,000) as of June 30, 2022, compared to HKD (138,000,000) as of April 1, 2022[80]. Other Income and Expenses - The group reported other income of HKD 149,000, a decrease from HKD 235,000 in the previous year[76]. - Other income for the three months ended June 30, 2022, totaled HKD 149,000, down from HKD 235,000 in the same period of 2021, reflecting a decrease of 36.6%[102]. - The acquisition-related costs of approximately HKD 50,000 were excluded from the consideration transferred and recognized as expenses during the period[123].
善裕集团控股(08245) - 2023 Q1 - 季度财报