Financial Performance - The company's revenue for the three months ended June 30, 2022, was HKD 11,429,000, a decrease of 12.2% compared to HKD 13,018,000 for the same period in 2021[4] - Gross profit for the same period was HKD 8,462,000, down 16.8% from HKD 10,173,000 year-on-year[4] - The company reported a loss attributable to owners of HKD 3,277,000, compared to a profit of HKD 655,000 in the previous year[4] - Basic and diluted loss per share was HKD 0.52, compared to earnings of HKD 0.13 per share in the prior year[4] - The total comprehensive loss for the period was HKD 3,727,000, compared to a comprehensive income of HKD 663,000 in the same period last year[4] - The gross profit margin decreased from approximately 78.1% for the three months ended June 30, 2021, to approximately 74.0% for the same period in 2022, a reduction of about 5.2%[28] - The company reported a loss attributable to owners of approximately HKD 3.3 million for the three months ended June 30, 2022, compared to a profit of approximately HKD 0.7 million for the same period in 2021[30] Expenses - Sales expenses increased to HKD 5,948,000 from HKD 4,986,000, reflecting a rise of 19.3% year-on-year[4] - Administrative and other operating expenses rose to HKD 5,975,000, up from HKD 4,698,000, marking a 27.2% increase[4] - Other income for the period was HKD 495,000, slightly up from HKD 448,000 in the previous year[4] - The company incurred finance costs of HKD 310,000, compared to HKD 183,000 in the same period last year[4] - Sales expenses increased from approximately HKD 5.0 million for the three months ended June 30, 2021, to approximately HKD 6.0 million for the same period in 2022, primarily due to increased marketing expenses[29] - Administrative expenses rose from approximately HKD 4.7 million for the three months ended June 30, 2021, to approximately HKD 6.0 million for the same period in 2022, mainly due to increased employee costs[29] Corporate Governance - The audit committee has reviewed the unaudited consolidated results for the three months ended June 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[47] - The company has adhered to the corporate governance code as per GEM listing rules, with no deviations reported as of June 30, 2022[43] - The company has not identified any conflicts of interest among directors or major shareholders as of June 30, 2022[42] - The company has established an audit committee to oversee financial reporting processes and internal controls[47] - The company has not appointed a CEO since the positions were vacated in 2017 and 2018, with executive directors collectively fulfilling the role[43] Shareholder Information - The company has 630 million shares issued as of June 30, 2022, compared to 480 million shares in the same period of 2021[21] - Global Succeed's ownership in the company was diluted from 43.75% to approximately 25.40% after the issuance of 150,000,000 shares in two placements[38] - As of June 30, 2022, Global Succeed held 160,000,000 shares of the company, representing a 50% ownership by each of the two beneficial owners[37] - The company has not granted any stock options under the stock option plan as of the report date[40] Business Strategy - The company continues to focus on the design, manufacturing, and sales of women's lingerie products and beauty services in Hong Kong, Macau, and China[9] - The company plans to optimize resource allocation and upgrade core lingerie products based on consumer demand[25] - The company aims to invest in the development of e-commerce exclusive lingerie products and the online shopping market[25] - The company will continue to monitor the development of the COVID-19 pandemic and tighten cost control measures[25] Dividend Policy - The company does not recommend the distribution of dividends for the three months ended June 30, 2022, consistent with the same period in 2021[21] Market Activity - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the three months ended June 30, 2022[46] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[41]
海纳星空科技(08297) - 2023 Q1 - 季度财报