Revenue Performance - Total revenue for the group was approximately HKD 17.4 million, a decrease of about 45.5% compared to approximately HKD 31.9 million in the previous period[6]. - Revenue from home goods export business contributed approximately 88.6% to total revenue, amounting to about HKD 15.4 million, down approximately 49.2% from the previous period[6]. - E-commerce sales performance improved by approximately 60.3% compared to the previous period, contributing about 6.0% to total revenue[6]. - Revenue for the three months ended June 30, 2022, was HKD 17,404,000, a decrease of 45% compared to HKD 31,913,000 for the same period in 2021[38]. - Revenue for home goods sales decreased to HKD 17,404,000 in Q1 2022 from HKD 31,913,000 in Q1 2021, representing a decline of approximately 45%[54]. - Revenue from Denmark increased to HKD 5,083,000, up 55% from HKD 3,269,000 in the previous year, while revenue from the US surged to HKD 4,484,000 from HKD 561,000[57]. Profitability - The group recorded a profit attributable to the owners of the company of approximately HKD 0.6 million, down from approximately HKD 0.9 million in the previous period, a decrease of about 33.3%[19]. - Gross profit margin increased from approximately 18.8% in the previous period to about 32.7% in the current period, attributed to higher margin orders from a specific client[6]. - Gross profit for the same period was HKD 5,916,000, down 8.5% from HKD 6,466,000 year-over-year[38]. - Operating profit decreased to HKD 636,000, a decline of 31.2% from HKD 925,000 in the previous year[38]. - Profit attributable to owners of the company was HKD 624,000, down 31.5% from HKD 910,000 in the same quarter of 2021[38]. - Basic and diluted earnings per share were HKD 0.06, compared to HKD 0.09 for the same period last year[38]. - Basic and diluted earnings per share for the period were HKD 0.624, a decrease from HKD 0.910 in the same period last year[73]. Expenses - Selling and distribution expenses decreased to approximately HKD 2.5 million, a reduction of about 7.4% from approximately HKD 2.7 million in the previous period[14]. - The company reported a decrease in sales and distribution expenses to HKD 2,455,000 from HKD 2,748,000, a reduction of 10.6%[38]. - Administrative expenses slightly increased by about 3.3% to approximately HKD 3.1 million from approximately HKD 3.0 million in the previous period[15]. - Administrative expenses increased to HKD 3,085,000 from HKD 2,957,000, an increase of 4.3% year-over-year[38]. - Financial costs decreased by approximately 55.6% to about HKD 4,000 from approximately HKD 9,000 in the previous period[16]. - The interest expense on lease liabilities decreased to HKD 4,000 from HKD 9,000 year-on-year[64]. Other Income and Gains - Other income and net gains increased to approximately HKD 260,000, up from approximately HKD 164,000 in the previous period, primarily due to non-recurring government subsidies[13]. - Government subsidies amounted to HKD 112,000, while interest income dropped significantly to HKD 6,000 from HKD 92,000 year-on-year[54]. - Other comprehensive income included a foreign exchange gain of HKD 49,000, compared to a loss of HKD 18,000 in the previous year[41]. - The company recorded a net foreign exchange gain of HKD 42,000 compared to a loss of HKD 26,000 in the previous year[70]. Corporate Governance - The company does not recommend the payment of any interim dividend for the current period, consistent with the previous period[21]. - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, but the roles of Chairman and CEO are not separated, with Mr. She serving both roles[25]. - The company has established an audit committee consisting of three independent non-executive directors to review accounting standards and policies[36]. - The company has confirmed compliance with the GEM Listing Rules regarding directors' securities trading conduct, with no known violations[26]. - The board believes the current governance structure allows for efficient decision-making and management implementation[25]. - The company will continue to review the need for appointing a separate CEO in the future[25]. - The audit committee has reviewed the unaudited consolidated financial information for the period[36]. Shareholding Structure - As of June 30, 2022, Mr. She holds 611,250,000 shares, representing 61.125% of the company's equity[28]. - Ms. Chan holds 86,250,000 shares through a controlled corporation, accounting for 8.625% of the company's equity[28]. Competition and Market Position - The company has no known direct or indirect competition that could affect its business operations[34]. - Major customers contributed significantly, with Customer A generating HKD 4,896,000 and Customer B contributing HKD 3,300,000, both exceeding 10% of total revenue[62]. Employee Benefits - Short-term employee benefits increased to HKD 675,000 in 2022 from HKD 647,000 in 2021, representing a growth of approximately 4.33%[80]. - Retirement benefit plan contributions remained stable at HKD 18,000 for both 2022 and 2021[80]. - Total employee benefits for 2022 amounted to HKD 693,000, up from HKD 665,000 in 2021, indicating an increase of about 4.22%[80].
舍图控股(08392) - 2023 Q1 - 季度财报