Revenue Performance - For the three months ended June 30, 2023, the company's revenue was approximately HKD 9.4 million, a decrease of about 78.9% compared to approximately HKD 44.3 million for the same period in 2022[9] - Revenue from baby monitor products increased significantly from approximately HKD 2,000 to HKD 5.9 million, reflecting a growth of 294,400%[12] - Revenue from two-way radios decreased by approximately 87.6% from HKD 21.1 million to HKD 2.6 million due to reduced demand[20] - For the three months ended June 30, 2023, the company reported revenue of HKD 9,369,000, a decrease of 78.8% compared to HKD 44,340,000 for the same period in 2022[53] - The company’s revenue from the two-way radio segment was HKD 447,000, while the baby monitor segment generated HKD 709,000 for the three months ended June 30, 2023[75] - The revenue from plastic products increased approximately 100% to HKD 0.6 million for the three months ending June 30, 2023, attributed to contributions from a newly acquired subsidiary[151] Profit and Loss - The loss attributable to the company's owners for the three months ended June 30, 2023, was approximately HKD 0.2 million, compared to a loss of approximately HKD 3.9 million for the same period in 2022[29] - The basic and diluted loss per share for the three months ended June 30, 2023, was approximately HKD 0.03, compared to HKD 0.55 for the same period in 2022[9] - The gross profit for the same period was HKD 1,503,000, significantly up from HKD 54,000 in the previous year[53] - The company incurred a loss before tax of HKD 109,000, a substantial improvement from a loss of HKD 3,939,000 in the prior year[53] - The net loss for the period was HKD 186,000, compared to a net loss of HKD 3,939,000 in the same quarter of 2022[54] - The company reported an unaudited consolidated loss of HKD 186,000 for the three months ended June 30, 2023, compared to a loss of HKD 3,939,000 for the same period in 2022[66] - The company’s total comprehensive income for the three months ended June 30, 2023, was HKD (179,000), compared to HKD (12,232,000) for the same period in 2022[66] Cost Management - Administrative expenses decreased from approximately HKD 4.3 million to approximately HKD 2.1 million, primarily due to reduced salary expenses[28] - Administrative expenses decreased to HKD 2,108,000 from HKD 4,312,000 year-over-year, indicating improved cost management[53] - For the three months ended June 30, 2023, the cost of inventory recognized as an expense was HKD 7,866 thousand, a decrease of 79% from HKD 37,439 thousand for the same period in 2022[92] - Employee benefits expenses, including depreciation, amounted to HKD 1,413 thousand, down 47% from HKD 2,658 thousand in the previous year[92] - Interest expenses on bank and other borrowings for the three months ended June 30, 2023, were HKD 76 thousand, down 18% from HKD 93 thousand in the same period of 2022[93] Corporate Governance and Compliance - The company maintained compliance with all corporate governance codes during the three-month period ending June 30, 2023[46] - The company has adopted the GEM Listing Rules as the code of conduct for securities trading by directors, ensuring compliance with trading standards[59] - The company’s audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial results for the quarter[64] Future Plans and Investments - The company plans to continue investing in new product lines and exploring new customer and sales channels to diversify revenue sources[23] - The company has no immediate plans for significant investments or capital assets as of the report date[36] - The company plans to maintain its stock option scheme for a period of 10 years, with options granted during this period remaining exercisable according to their terms[130] Shareholder Information - The company did not recommend the payment of any dividends for the three months ended June 30, 2023[30] - No dividends were recommended for the three months ended June 30, 2023, consistent with the previous year[113] - The company did not redeem any shares during the three months ended June 30, 2023[124] - The weighted average number of ordinary shares used to calculate basic and diluted loss per share was 718,136 thousand for the three months ended June 30, 2023, compared to 712,136 thousand in the previous year[110] Financial Position - As of June 30, 2023, the total equity attributable to owners of the company was HKD (5,882,000), a decrease from HKD (28,051,000) as of June 30, 2022[66] - The company’s accumulated losses increased to HKD (164,486,000) as of June 30, 2023, from HKD (141,939,000) a year earlier[66] - The company’s foreign exchange reserve showed a slight improvement, with a balance of HKD (1,285,000) as of June 30, 2023, compared to HKD (3,920,000) in the previous year[66] - The company’s capital reserve as of June 30, 2023, was HKD 1,465,000, consistent with the previous year[66] Market Conditions - The company will continue to monitor the impact of COVID-19 and trade wars on its financial condition and operational performance[25] - The company reported no significant post-reporting date events after June 30, 2023[117]
善裕集团控股(08245) - 2024 Q1 - 季度财报