Financial Performance - For the three months ended March 31, 2022, the group reported revenue of HKD 29,853,000, a slight increase of 1.02% compared to HKD 29,551,000 for the same period in 2021[4] - The gross profit for the same period was HKD 8,390,000, down 3.77% from HKD 8,720,000 in the previous year[4] - The group incurred a loss before tax of HKD 5,191,000, which is a marginal increase of 1.75% compared to a loss of HKD 5,102,000 in the prior year[4] - The net loss for the period was HKD 5,244,000, compared to a loss of HKD 5,173,000 in the same quarter of 2021, reflecting a 1.37% increase in losses[4] - Basic and diluted loss per share for the period was HKD 1.16, slightly higher than HKD 1.15 for the same period last year[4] - The total comprehensive loss for the period amounted to HKD 5,244,000, compared to HKD 5,181,000 in the previous year[4] - The company reported a loss attributable to owners of HKD 4,621 thousand for the three months ended March 31, 2022, compared to a loss of HKD 4,588 thousand in the same period of 2021[22] - Basic and diluted loss per share for the three months ended March 31, 2022, was HKD (1.16), slightly worse than HKD (1.15) for the same period in 2021[22] Revenue Breakdown - Revenue from financial printing services was HKD 22,638 thousand, a decrease from HKD 22,978 thousand in the previous year[27] - Revenue from marketing peripheral printing services decreased to HKD 4,266 thousand from HKD 5,680 thousand in the previous year[27] - Revenue from other services increased significantly by approximately 230.2%, rising to HKD 2,949 thousand from HKD 893 thousand[27] Expenses and Costs - Administrative expenses increased to HKD 10,607,000 from HKD 10,193,000, reflecting a rise of 4.07% year-on-year[4] - Sales expenses decreased by approximately HKD 0.3 million or 9.7% to about HKD 2.9 million for the three months ended March 31, 2022, from HKD 3.2 million for the same period in 2021, due to a reduction in hospitality expenses[29] - Administrative expenses increased by approximately HKD 0.4 million or 4.1% to about HKD 10.6 million for the three months ended March 31, 2022, compared to HKD 10.2 million for the same period in 2021[30] - Financing costs decreased by approximately HKD 0.4 million to about HKD 0.2 million for the three months ended March 31, 2022, from HKD 0.6 million for the same period in 2021, primarily due to a reduction in interest on lease liabilities[31] - Income tax expenses decreased by approximately HKD 18,000 to about HKD 53,000 for the three months ended March 31, 2022, from HKD 71,000 for the same period in 2021, mainly due to the provision for current tax of a subsidiary[32] Shareholder Information - The group’s total equity attributable to owners decreased to HKD 82,688,000 as of March 31, 2022, down from HKD 87,309,000 at the beginning of the year[5] - As of March 31, 2022, major shareholders HM Ultimate held approximately 55.69% of the company's shares, totaling 222,760,000 shares[40] - The company did not recommend any dividend for the three months ended March 31, 2022, consistent with the previous year[21] - The board did not recommend the payment of any dividends for the three months ended March 31, 2022, consistent with the same period in 2021[34] Business Strategy and Market Conditions - The group continues to focus on providing integrated printing services, including financial printing and marketing collateral printing, as part of its core business strategy[8] - The company maintains a solid recurring customer base, which is seen as a key factor for success in the market[24] - The company plans to continue focusing on providing integrated printing services and exploring business mergers to enhance shareholder value[25] - The ongoing COVID-19 pandemic continues to pose challenges to the business environment, affecting potential clients' activities in Hong Kong[25] Corporate Governance - The company has complied with all applicable corporate governance codes as per GEM listing rules during the three months ended March 31, 2022[44] - The company has adopted the trading compliance standards as per GEM Listing Rules 5.48 to 5.67, confirming adherence by all directors for the three months ending March 31, 2022[46] - The Audit Committee, established on December 15, 2016, consists of three independent non-executive directors and is responsible for reviewing the financial reporting process and risk management[48] - The unaudited condensed consolidated financial statements for the three months ending March 31, 2022, were reviewed by the Audit Committee in conjunction with management[48]
HM INTL HLDGS(08416) - 2022 Q1 - 季度财报