Financial Performance - For the three months ended March 31, 2023, the group's unaudited revenue was approximately HKD 24.8 million, an increase of approximately 335.1% compared to HKD 5.7 million for the same period in 2022[4]. - The group reported an unaudited net profit of approximately HKD 0.6 million for the three months ended March 31, 2023, compared to a net loss of approximately HKD 14.2 million for the same period in 2022[4]. - The gross profit for the three months ended March 31, 2023, was HKD 7.9 million, compared to a gross loss of HKD 8.5 million for the same period in 2022[5]. - Operating profit for the three months ended March 31, 2023, was HKD 0.4 million, a significant improvement from an operating loss of HKD 15.3 million in the same period of the previous year[5]. - The total comprehensive income for the three months ended March 31, 2023, was HKD 0.9 million, compared to a total comprehensive loss of HKD 13.8 million for the same period in 2022[6]. - The basic and diluted earnings per share for the three months ended March 31, 2023, was HKD 0.15, compared to a loss per share of HKD 3.56 for the same period in 2022[5]. - The company reported a net profit attributable to owners of HKD 581,000 for the three months ended March 31, 2023, compared to a loss of HKD 14,235,000 in 2022[25]. - Basic earnings per share for the three months ended March 31, 2023, was HKD 0.15, a recovery from a loss of HKD 3.56 per share in the same period last year[25]. - Net profit for the reporting period was approximately HKD 0.6 million, an increase of approximately HKD 14.8 million compared to a net loss of approximately HKD 14.2 million for the three months ended March 31, 2022[36]. Revenue Breakdown - Revenue for the three months ended March 31, 2023, was HKD 24,827,000, a significant increase from HKD 5,661,000 for the same period in 2022, representing a growth of approximately 338%[14]. - Revenue from services in Hong Kong was HKD 10,018,000, up from HKD 3,608,000 in 2022, marking an increase of about 177%[16]. - Revenue from services in China reached HKD 14,659,000, compared to HKD 1,888,000 in 2022, reflecting a growth of approximately 776%[16]. - Revenue by geographical location for 2023 shows Hong Kong at HKD 10,018 thousand (40.3%), China at HKD 14,659 thousand (59.1%), and Macau at HKD 150 thousand (0.6%), compared to HKD 3,608 thousand (63.7%), HKD 1,888 thousand (33.4%), and HKD 165 thousand (2.9%) respectively in 2022[28]. Expenses and Costs - Total operating expenses for the three months ended March 31, 2023, amounted to HKD 24,311,000, an increase from HKD 21,028,000 in 2022[17]. - Service costs rose from approximately HKD 14.1 million for the three months ended March 31, 2022, to approximately HKD 17.0 million during the reporting period, an increase of approximately 20.6%[29]. - The group incurred financial expenses of HKD 1.65 million for the three months ended March 31, 2023, compared to HKD 1.04 million for the same period in 2022[5]. - The group's financial expenses net increased from approximately HKD 1.0 million for the three months ended March 31, 2022, to approximately HKD 1.2 million during the reporting period, an increase of approximately 22.3%[34]. - Employee costs totaled approximately HKD 13.3 million during the reporting period, compared to HKD 12.9 million for the three months ended March 31, 2022[43]. Dividends and Equity - The board of directors did not recommend the payment of any dividends for the three months ended March 31, 2023[4]. - The company did not recommend any dividend for the three months ended March 31, 2023, consistent with the previous year[22]. - The group had a total equity of HKD 72.2 million as of March 31, 2023, compared to HKD 115.4 million as of March 31, 2022[8]. - The group's capital structure as of March 31, 2023, included equity attributable to owners of approximately HKD 72.2 million, down from HKD 115.4 million as of December 31, 2022[37]. Corporate Governance and Management - The company has complied with the corporate governance code, with a noted deviation regarding the separation of the roles of Chairman and CEO[55][56]. - Mr. Huang Wenbo serves as both Chairman and CEO, which the board believes provides strong leadership for the company's operations[56]. - The company emphasizes maintaining high transparency levels to strengthen investor relations[57]. - The company has adopted a share option scheme to attract and retain top talent since December 1, 2017, with no options granted, exercised, canceled, or lapsed as of March 31, 2023[60]. - The audit committee, consisting of three independent non-executive directors, has reviewed the financial performance for the first quarter and found the unaudited condensed consolidated financial statements to be prepared in accordance with applicable accounting standards[61]. - As of March 31, 2023, the unaudited financial results for the three months have not been audited or reviewed by the company's auditors[62]. Business Operations - The company primarily provides audiovisual, lighting, and sound solutions services in Hong Kong, China, and Macau[10]. - The company conducted 190 events during the reporting period, compared to 75 events in the same period last year, indicating a recovery in public activities[26]. - The company expects financial performance to maintain pre-pandemic levels as public activities gradually return to normal[26]. - The group did not make any significant investments or acquisitions during the reporting period[38]. - There were no significant contingent liabilities as of March 31, 2023[40]. - No securities were purchased, sold, or redeemed by the company or its subsidiaries during the reporting period[50]. - The company has no other disclosures regarding interests or positions held by directors or senior management as of March 31, 2023[54].
AV策划推广(08419) - 2023 Q1 - 季度财报