Financial Performance - For the three months ended June 30, 2022, the total revenue was HKD 15,725,000, compared to HKD 4,956,000 for the same period in 2021, representing a significant increase[19]. - The gross loss for the period was HKD 13,453,000, compared to a gross profit of HKD 2,272,000 in the previous year[6]. - The total comprehensive loss attributable to owners of the company for the period was HKD 619,000[6]. - The basic and diluted loss per share was HKD 0.08[6]. - The company reported a pre-tax loss of HKD 1,272,000 for the three months ended June 30, 2022, compared to HKD 2,833,000 in the same period of 2021[24]. - Revenue from Hong Kong was HKD 14,274,000, while revenue from China was HKD 1,451,000 for the three months ended June 30, 2022[19]. - The company reported revenue of approximately HKD 15,700,000 for the three months ended June 30, 2022, representing an increase of about HKD 10,800,000 or 217.3% compared to the same period in 2021[36]. - The cost of sales increased from approximately HKD 7,200,000 for the three months ended June 30, 2021, to approximately HKD 13,500,000 for the same period in 2022, an increase of about HKD 6,300,000 or 87.3%[39]. - The company achieved a gross profit of approximately HKD 2,300,000 for the three months ended June 30, 2022, compared to a gross loss of approximately HKD 2,200,000 for the same period in 2021, resulting in a gross profit margin of approximately 14.4%[40]. - Administrative expenses decreased by approximately HKD 700,000 or 23.6% from about HKD 3,100,000 for the three months ended June 30, 2021, to approximately HKD 2,400,000 for the same period in 2022[41]. - The loss attributable to the company's owners decreased from approximately HKD 3,700,000 for the three months ended June 30, 2021, to approximately HKD 600,000 for the same period in 2022[42]. Business Operations - The company continues to focus on construction projects and new energy charging pile supply and installation in Hong Kong and China[12]. - The company is exploring new business opportunities, including the establishment of a wholly-owned subsidiary in Hainan, China, to support its supply chain management initiatives[37]. - The company anticipates improvements in the construction industry and is prepared to compete effectively in the market despite challenges such as labor shortages and rising costs[36]. - The company plans to develop its new subsidiary into a comprehensive supply chain management company focusing on improving the quality of life for citizens[37]. Corporate Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and have not been audited by independent auditors[13]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[62]. - The company has adhered to the corporate governance code as stipulated in the GEM listing rules during the reporting period[58]. - The board of directors includes executive directors and independent non-executive directors, ensuring a balanced governance structure[62]. - The company has no direct or indirect business competition with its major shareholders or directors[56]. - The company has maintained compliance with all applicable legal and regulatory requirements during the reporting period[62]. Shareholder Information - As of June 30, 2022, the company had a total of 600,000,000 shares held by major shareholders, representing a significant ownership stake[54]. - The company has not issued any share options under its share option scheme since its adoption on July 6, 2015[55]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the three months ended June 30, 2022[57]. - There are no significant changes in shareholder interests or substantial shareholdings reported as of June 30, 2022[55]. Dividends and Amendments - The company has not declared any dividends for the three months ended June 30, 2022, consistent with the previous year[31]. - The company has proposed amendments to its articles of association and a name change to "China Hongbao Holdings Limited," which was approved by shareholders[48]. Product Development - The company has not disclosed any new product developments or technological advancements in the current reporting period[63].
中国红包(08316) - 2023 Q1 - 季度财报