Financial Performance - Revenue for the three months ended June 30, 2022, increased by approximately 56.7% to about HKD 181.5 million compared to the same period in 2021[11] - Profit attributable to owners of the company for the reporting period increased by approximately 16.0% to about HKD 4.7 million, while adjusted profit decreased by approximately 31.7% to HKD 2.8 million after accounting for government subsidies[11] - Gross profit for the three months ended June 30, 2022, was HKD 31.9 million, up from HKD 17.3 million in the same period last year[14] - The company reported total comprehensive income of HKD 4.2 million for the period, compared to HKD 4.0 million in the previous year[17] - Basic earnings per share for the reporting period was HKD 0.58, compared to HKD 0.50 in the same period last year[17] - The company reported a profit before tax of HKD 6,469,000, up from HKD 4,833,000 in the previous year, indicating a year-over-year increase of 34%[32] - Revenue from Hong Kong was HKD 152,465,000, a significant increase from HKD 115,750,000 in 2021, reflecting a growth of 31.6%[34] - The total income from other sources, including interest income and exchange gains, was HKD 2,935,000, compared to HKD 1,016,000 in the same period last year, marking a substantial increase[38] Government Subsidies - The company recognized government subsidies of HKD 1.9 million under the employment support scheme during the reporting period[11] - The company received government subsidies amounting to HKD 2,446,000 during the reporting period, which was not present in the previous year[38] - Other income increased by approximately 188.9% to about HKD 2.9 million, primarily due to government subsidies under the employment support scheme[66] Expenses and Costs - Administrative expenses increased significantly to HKD 16.3 million from HKD 3.6 million in the previous year, indicating a rise in operational costs[14] - Sales expenses rose by approximately 7.5% to about HKD 10.5 million, mainly due to increased employee costs[66] - Financing costs for the reporting period were approximately HKD 1.5 million, an increase of about HKD 1.4 million (or approximately 1,998.6%) compared to approximately HKD 0.1 million in the same period last year[71] - Income tax expenses for the reporting period were approximately HKD 0.9 million, an increase of about 8.5% compared to approximately HKD 0.8 million in the same period last year, with an effective tax rate of approximately 16.1%[73] Shareholder Information - Major shareholders hold significant stakes, with Mr. Mo owning 91,800,000 shares (11.4%) and Mr. Zhang holding 89,760,000 shares (11.2%) as of June 30, 2022[89] - Ms. Luk holds the largest stake with 226,890,000 shares (28.2%) and related shares amounting to 450,500,000 (56.1%)[89] - The total issued shares as of June 30, 2022, is 803,280,000, which is the basis for calculating the ownership percentages[94] - Ms. Lee holds 53,300,000 shares (6.6%) as a spouse beneficiary, indicating significant family ties in share ownership[95] Corporate Governance - The company has adopted a code of conduct for directors' securities trading, compliant with GEM listing rules[119] - There were no reported conflicts of interest among directors or major shareholders during the reporting period[116] - The company has adhered to the principles and provisions of the GEM Listing Rules Appendix 15 Corporate Governance Code during the reporting period, with some deviations disclosed[120] - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2022, and found the performance to comply with applicable accounting standards and GEM Listing Rules[121] - The company emphasizes the importance of good corporate governance for effective management and successful business development, continuously reviewing governance practices to meet increasing stakeholder expectations[120] Business Expansion - The company continues to focus on expanding its IT infrastructure management services across Greater China and the Asia-Pacific region[23] - The company opened a second service center in Kuala Lumpur, Malaysia, expanding its geographical coverage to better serve clients amid economic uncertainties[57] - The company established a joint venture, Sibor Intelligent Limited, to develop AI-related products and services, aligning with growth strategies[57] Revenue Streams - Revenue from IT infrastructure solutions was HKD 113,354,000, while IT infrastructure management services generated HKD 68,152,000, with the latter being a new revenue stream[32] - The company's revenue increased by approximately 56.7% to about HKD 181.5 million for the three months ended June 30, 2022, compared to approximately HKD 115.8 million for the same period last year[64] - Gross profit rose by approximately 84.3% to about HKD 31.9 million, up from approximately HKD 17.3 million in the same period last year[65] - The gross profit margin improved to approximately 17.5%, an increase of about 2.6 percentage points from approximately 14.9% in the same period last year[65] Dividends - The company proposed a final dividend of HKD 0.77 per share, down from HKD 0.90 per share in 2021, with a total dividend payout of HKD 6,185,000[44] Stock Options - The company has a stock option plan approved on March 15, 2016, with options exercisable at HKD 0.111 per share[101] - The stock option plan allows for a total of 4,820,000 options to be exercised, with no options exercised during the reporting period[102] - No stock buybacks or repurchases were conducted by the company or its subsidiaries during the reporting period[115]
思博系统(08319) - 2023 Q1 - 季度财报