Financial Performance - Revenue for the three months ended June 30, 2023, was HK$9,297,000, a decrease of 24.4% compared to HK$12,310,000 in the same period of 2022[15]. - Gross profit for the period was HK$3,338,000, down 41.8% from HK$5,737,000 in the previous year[15]. - Loss from operations increased to HK$6,754,000, compared to a loss of HK$1,877,000 in the same period last year, reflecting a significant decline in operational performance[15]. - Loss before tax for the period was HK$6,801,000, compared to HK$1,878,000 in the prior year, indicating a worsening financial situation[15]. - The company reported a loss for the period of HK$6,801,000, compared to a loss of HK$1,932,000 in the same quarter of 2022[15]. - Total comprehensive income attributable to the owners of the Company for the period was HK$6,791,000, a significant increase in losses compared to HK$1,932,000 in the previous year[15]. - Basic and diluted loss per share was HK$0.85, compared to HK$0.24 in the same period last year, indicating a higher loss per share[15]. - The Group's loss for the period was HK$6.8 million, compared to a loss of HK$1.9 million for the same period in 2022[56]. - Total comprehensive income for the period ended June 30, 2023, was a loss of HK$6,791,000, compared to a loss of HK$1,932,000 for the same period in 2022[34]. Revenue Breakdown - Sales of biometrics identification devices and security products amounted to HK$6,078,000, down 23.8% from HK$7,980,000 year-on-year[34]. - Revenue from the provision of auxiliary and other services was HK$3,219,000, a decline of 25.7% compared to HK$4,330,000 in the previous year[34]. - The Group's revenue for the three months ended June 30, 2023, was approximately HK$9.3 million, representing a decrease of approximately 24.4% from HK$12.3 million for the same period in 2022[58]. - Sales of biometrics identification devices, security products, and other accessories amounted to HK$6.1 million, a decrease of approximately HK$1.9 million (or 23.8%) compared to the previous year[62]. - Revenue from the provision of auxiliary and other services was HK$3.2 million, down approximately HK$1.1 million (or 25.7%) from the same period in 2022[62]. Expenses and Costs - Selling and distribution costs rose to HK$2,205,000, an increase of 47% from HK$1,500,000 in the previous year[15]. - Administrative and other operating expenses increased to HK$7,932,000, up 22.8% from HK$6,456,000 in the same period of 2022[15]. - Other income decreased significantly to HK$45,000 from HK$342,000 in the previous year, reflecting reduced ancillary revenue streams[15]. - Staff costs, including directors' emoluments, totaled HK$8.3 million, an increase from HK$6.7 million in the previous year[51]. - Administrative expenses rose by approximately HK$1.4 million to approximately HK$7.9 million for the three months ended June 30, 2023, mainly due to increased staff costs[66]. - The Group's cost of inventories sold decreased by approximately 16.2% to approximately HK$3.1 million for the three months ended 30 June 2023, compared to approximately HK$3.7 million for the same period in 2022[64]. Shareholder Information - As of June 30, 2023, Mr. Tony Yuen and Ms. Pauline Yuen each hold 108,000,000 shares, representing approximately 13.5% of the Company's issued share capital[82]. - Delighting View Global Limited directly holds 108,000,000 shares, beneficially owned by Mr. Tony Yuen (85%) and Ms. Pauline Yuen (15%)[83]. - A sale and purchase agreement for 206,000,000 shares was entered into on April 19, 2023, with 98,000,000 shares already completed and the remaining 108,000,000 shares not proceeding[84]. - The beneficial ownership of shares includes Mr. Yao Han with 131,785,000 shares (16.47%) and Delighting View with 108,000,000 shares (13.5%) of the Company's issued share capital[91]. - The Company has no substantial shareholders with interests of 5% or more in the shares as of June 30, 2023, apart from those disclosed[89]. Corporate Governance - The Company has established an Audit Committee to review and supervise the financial reporting process and internal control systems, comprising three independent non-executive Directors[108]. - The unaudited condensed consolidated financial statements for the three months ended June 30, 2023, have been reviewed by the Audit Committee, ensuring compliance with applicable accounting standards and GEM Listing Rules[109]. - The Company has adopted and complied with the Corporate Governance Code from the date of Listing up to the date of this report, with some deviations noted[98]. - The Company has a code of conduct regarding securities transactions by Directors that meets the required standards set out in the GEM Listing Rules[95]. - The Company is committed to high standards of corporate governance to enhance public accountability and safeguard shareholder interests[97]. Future Plans and Market Trends - The Group plans to reallocate part of the unutilised net proceeds from the Listing to enhance after-sales services, improve the IT system, and research touchless biometrics identification devices and AIoT[75]. - The Group has observed a market trend shift from touch biometrics to touchless biometrics identification devices due to increased public health awareness during the COVID-19 pandemic[76]. - The Group aims to capture new markets by diversifying the functions of touchless biometrics identification devices using AIoT technology[76]. - The Group's public listing status enhances its corporate profile and competitiveness, facilitating access to capital markets for future business development[74]. Taxation - The Group's Hong Kong subsidiary is subject to a profits tax rate of 8.25% for the first HK$2 million of assessable profits and 16.5% on profits above that threshold[44]. - The Group's PRC subsidiary did not generate any assessable profits during the reporting periods, resulting in no PRC Enterprise Income Tax being provided[45]. - The Group's subsidiary in Macau is subject to a complementary tax, with taxable income up to MOP600,000 exempt from taxation, and income beyond that taxed at 12%[46]. Dividends - No dividends were declared or paid during the three months ended June 30, 2023, consistent with the same period in 2022[53]. - The Board does not recommend the payment of dividends for the three months ended June 30, 2023[68].
懒猪科技(08379) - 2024 Q1 - 季度财报