Financial Performance - For the three months ended June 30, 2023, the company reported revenue of HKD 29,268,000, a 86.6% increase from HKD 15,725,000 in the same period of 2022[4] - Gross profit for the same period was HKD 7,213,000, compared to HKD 2,272,000 in 2022, representing a gross margin improvement from 14.5% to 24.6%[4] - The company achieved a profit before tax of HKD 94,000, a significant turnaround from a loss of HKD 619,000 in the previous year[4] - The total comprehensive income attributable to owners of the company for the period was HKD 160,000, compared to a loss of HKD 619,000 in the same quarter last year[4] - Basic and diluted earnings per share for the period were HKD 0.01, recovering from a loss per share of HKD 0.08 in the previous year[4] - The company's revenue for the three months ended June 30, 2023, was approximately HKD 29.3 million, an increase of about HKD 13.6 million or 86.1% compared to HKD 15.7 million for the same period in 2022[34] - The gross profit for the three months ended June 30, 2023, was approximately HKD 7.2 million, compared to approximately HKD 2.3 million in 2022, with a gross margin of approximately 24.6% in 2023, up from 14.4% in 2022[36] - The company recorded a profit attributable to owners of approximately HKD 92,000 for the three months ended June 30, 2023, compared to a loss of approximately HKD 619,000 for the same period in 2022[39] Revenue Sources - The supply chain management segment generated revenue of HKD 15,361,000, while the foundation and other construction services contributed HKD 13,907,000[12] - The company established a wholly-owned subsidiary in Hainan, China, to develop a comprehensive supply chain management business, which generated revenue of approximately HKD 15.4 million for the three months ended June 30, 2023[31] Expenses and Costs - The company reported administrative expenses of HKD 6,701,000, up from HKD 2,371,000 in the same period last year, indicating increased operational costs[4] - The cost of sales increased from approximately HKD 13.5 million for the three months ended June 30, 2022, to approximately HKD 22.1 million for the same period in 2023, representing an increase of about HKD 8.6 million or 63.9%[35] - The company recorded employee benefit expenses of HKD 6.77 million for the three months ended June 30, 2023, compared to HKD 1.27 million in 2022, indicating a significant increase in personnel costs[22] Corporate Actions - The company did not recommend any dividend payment for the three months ended June 30, 2023, consistent with the previous year[28] - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2023, consistent with no dividend in 2022[40] - The company has not granted any options under the share option scheme since its adoption on July 6, 2015[47] - 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, 2023[50] Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[53] - The company has complied with all applicable corporate governance code provisions during the reporting period, except for a specific deviation noted in the corporate governance report[51] Market and Business Development - The company is focusing on expanding its supply chain management services in China, which began in the second half of 2022[11] - The company is actively exploring new opportunities in the rapidly growing e-commerce market in China, aiming to diversify its existing business portfolio[33] - The company has not disclosed any new product launches or technological developments during this reporting period[4] - There are no announcements regarding market expansion or mergers and acquisitions in the current report[4] - The company has not engaged in any business or interests that compete directly or indirectly with its operations as of June 30, 2023[48] Shareholding Structure - As of June 30, 2023, Mr. Cheng Jun holds 180,890,000 shares, representing 20.88% of the company's equity[43] - The major shareholder, Quantu Group Holdings Limited, holds 300,040,000 shares, accounting for 34.63% of the company's equity[45] Subsequent Events - There were no significant subsequent events after June 30, 2023, other than the change in trading unit for the company's shares effective July 17, 2023[41] Interest Expenses - The interest expenses on lease liabilities were HKD 97 thousand, while the interest on other borrowings was HKD 162 thousand for the three months ended June 30, 2023[20]
中国红包(08316) - 2024 Q1 - 季度财报