Financial Performance - Revenue for Q1 2023 was HKD 9,832,000, a decrease of 13.9% compared to HKD 11,429,000 in Q1 2022[5] - Gross profit for Q1 2023 was HKD 7,471,000, down 11.7% from HKD 8,462,000 in the same period last year[5] - The company reported a loss before tax of HKD 5,423,000, compared to a loss of HKD 3,277,000 in Q1 2022, representing a 65.5% increase in losses[5] - Basic and diluted loss per share for Q1 2023 was HKD 0.54, slightly higher than HKD 0.52 in Q1 2022[5] - Total comprehensive loss for Q1 2023 was HKD 5,817,000, compared to HKD 3,727,000 in Q1 2022, indicating a 56.0% increase in comprehensive losses[5] - The loss attributable to owners of the company for the three months ended June 30, 2023, was approximately HKD 5.4 million, compared to a loss of approximately HKD 3.3 million for the same period in 2022[29] Revenue Sources - Revenue from the sale of women's lingerie products was HKD 6,980,000, a decrease of 22.3% from HKD 8,985,000 in Q1 2022[12] - The company generated HKD 622,000 in interest income from loan financing during the quarter, compared to no income in the same period last year[12] Equity and Share Information - The company’s total equity as of June 30, 2023, was HKD 7,395,000, down from HKD 13,212,000 as of March 31, 2023[6] - The weighted average number of ordinary shares for calculating basic and diluted loss per share increased from 630 million shares in 2022 to 1,010 million shares in 2023[20] Expenses - Sales expenses decreased from approximately HKD 6.0 million for the three months ended June 30, 2022, to approximately HKD 4.9 million for the same period in 2023[28] - Administrative expenses increased from approximately HKD 6.0 million in 2022 to approximately HKD 6.5 million in 2023, mainly due to increased depreciation of right-of-use assets and legal and professional fees[28] Dividends and Taxation - The company did not recommend the distribution of dividends for the three months ended June 30, 2023, consistent with the same period in 2022[16] - The company did not make any provisions for Hong Kong profits tax or China corporate income tax for the three months ended June 30, 2023, as there were no taxable profits[15] Corporate Governance and Compliance - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, ensuring compliance with updated regulations[11] - The company has adhered to the corporate governance code, with the role of CEO remaining vacant until July 31, 2023, when a new CEO was appointed[37] - The company has established an audit committee to oversee financial reporting processes and internal controls, ensuring compliance with applicable accounting standards[41] Future Plans - The company plans to continue expanding its online platform services and explore new product offerings in the lingerie market[8] - The company aims to diversify its business base by entering the health and wellness industry to increase revenue sources and enhance long-term returns for shareholders[24] - The company plans to closely monitor the economic and market conditions in China, Hong Kong, and Macau, and adjust its business strategies accordingly[24] Other Information - The company has not granted any stock options under the stock option plan as of the report date[34] - For the three months ended June 30, 2023, there were no conflicts of interest reported among directors or major shareholders[36] - There were no purchases, sales, or redemptions of the company's listed securities during the three months ended June 30, 2023[40]
海纳星空科技(08297) - 2024 Q1 - 季度财报