Financial Performance - Revenue for the three months ended June 30, 2022, was HK$12,310,000, a decrease of 8.34% compared to HK$13,432,000 in the same period of 2021[12] - Gross profit for the period was HK$5,737,000, representing a slight increase of 1.67% from HK$5,643,000 in the previous year[12] - Loss from operations was HK$1,877,000, compared to a loss of HK$1,737,000 in the same period last year, indicating a deterioration in operational performance[12] - Loss before tax amounted to HK$1,878,000, which is higher than the loss of HK$1,770,000 recorded in the previous year[12] - The total comprehensive loss attributable to the owners of the Company for the period was HK$1,932,000, slightly improved from HK$1,994,000 in the prior year[12] - Basic and diluted loss per share was HK$0.24, compared to HK$0.25 in the same period of 2021[12] - The Group's loss for the period was HK$1.932 million, slightly improved from a loss of HK$1.994 million in the same period last year[64] - The Group incurred a net loss of approximately HK$1.9 million for the three months ended 30 June 2022, a decrease from a net loss of approximately HK$2.0 million for the same period in 2021, mainly due to government subsidies[80] Revenue Breakdown - Sales of biometrics identification devices, security products, and other accessories amounted to HK$7,980,000, down from HK$9,096,000 in the previous year, representing a decline of 12.26%[43] - Provision of auxiliary and other services generated revenue of HK$4,330,000, slightly down from HK$4,336,000 in the prior year[43] - The company reported a total revenue from contracts with customers of HK$12,310,000, with HK$9,075,000 recognized at a point in time and HK$3,235,000 recognized over time[44] - The decrease in revenue was mainly due to a reduction in sales of biometrics identification devices and related products by approximately HK$1.1 million, or 12.3%, compared to the previous year[71] Expenses and Costs - Selling and distribution costs increased to HK$1,500,000 from HK$1,083,000, reflecting a rise of 38.67%[12] - Administrative and other operating expenses were HK$6,456,000, up from HK$6,300,000, indicating a 2.48% increase[12] - Staff costs for the three months ended 30 June 2022 were approximately HK$6.7 million, an increase of approximately HK$0.7 million compared to HK$6.0 million for the same period in 2021[80] - Administrative expenses for the three months ended 30 June 2022 were approximately HK$6.5 million, up from approximately HK$6.3 million in the previous year, representing an increase of approximately HK$0.2 million[80] - The Group's cost of inventories sold decreased by approximately 21.3% to approximately HK$3.7 million for the three months ended 30 June 2022, compared to approximately HK$4.7 million for the same period in 2021[77] Other Income and Financial Metrics - Other income for the period was HK$342,000, significantly higher than HK$3,000 in the previous year[12] - Other income for the three months ended June 30, 2022, totaled HK$342,000, an increase from HK$3,000 in the previous year[47] - Interest income remained stable at HK$1,000 for both periods[47] - Government subsidies received amounted to HK$336,000, compared to none in the previous year[47] - Finance costs decreased to HK$1,000 from HK$33,000, showing a reduction of 96.97%[12] Corporate Governance - The company has adopted a code of conduct regarding securities transactions by Directors, complying with the required standards as per GEM Listing Rules[110] - The company confirms no non-compliance with the Model Code and Required Standard of Dealings from the date of Listing up to the report date[111] - The company has committed to high standards of corporate governance, enhancing public accountability and safeguarding shareholder interests[112] - The company has complied with the Corporate Governance Code from the date of Listing, with a noted deviation regarding the roles of chairman and CEO being held by the same individual[114] - The unaudited condensed consolidated financial statements for the three months ended June 30, 2022, have been reviewed by the Audit Committee, confirming compliance with applicable accounting standards and GEM Listing Rules[124] - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of the financial reporting process and internal control systems[122] - The company has continued to monitor and review corporate governance principles to ensure compliance with regulations[116] Future Plans and Strategies - The Group plans to enhance its marketing capabilities and expand its product portfolio through software development to increase market share in Hong Kong and Macau[84] - The Group intends to utilize unutilized net proceeds from its listing to launch affordable locally manufactured fingerprint identification devices as part of its expansion plan in Southern China[84] - The Group is considering diversifying its business to include new lines such as artificial intelligence technology solutions, catering management, and trade services due to the recent spread of COVID-19 in Hong Kong[87] Shareholding and Dividends - No dividends were declared or paid during the three months ended June 30, 2022, consistent with the same period in 2021[62] - The weighted average number of ordinary shares for calculating basic loss per share remained at 800 million for both 2022 and 2021[64] - As of June 30, 2022, Delighting View holds 206,000,000 shares, representing 25.75% of the company's issued share capital[100] - Mr. Yao Han owns 190,000,000 shares, accounting for 23.75% of the company's issued share capital[100] - Ms. Jian Yanmei, as the spouse of Mr. Yao, is deemed to have an interest in all shares held by Mr. Yao, which is also 190,000,000 shares or 23.75%[102] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2022[108]
懒猪科技(08379) - 2023 Q1 - 季度财报