Financial Performance - The Group recorded an unaudited revenue of approximately HK$11.2 million for the three months ended 31 August 2022, representing an increase of approximately 140.9% compared to HK$4.6 million for the corresponding period in 2021[44][46]. - The Group's unaudited profit for the period was approximately HK$8.0 million, compared to a loss of approximately HK$6.5 million for the same period in 2021, marking a turnaround of 223.3%[48][52]. - Earnings per share for the period were HK$0.99, a significant increase of 222.2% from a loss of HK$0.81 per share in the previous year[39][41]. - The Group's gross profit for the period was HK$103, a recovery from a gross loss of HK$3.4 million in the same period last year[30][31]. - Operating profit for the period was HK$8.2 million, compared to an operating loss of HK$6.3 million in the previous year[58]. - Other income for the period was HK$1.5 million, compared to HK$240,000 in the same period last year, indicating a substantial increase[58]. - The total comprehensive income for the period was HK$4.8 million, a recovery from a comprehensive loss of HK$6.5 million in the previous year[61]. - The Group's revenue increased by approximately 140.9% from approximately HK$4.6 million for the three months ended 31 August 2021 to approximately HK$11.2 million for the three months ended 31 August 2022[125]. - The Group achieved a gross profit of approximately HK$0.1 million for the three months ended 31 August 2022, compared to a gross loss of approximately HK$3.4 million for the same period in 2021, resulting in a gross profit margin of approximately 1%[186]. - The Group reported a profit of approximately HK$8.0 million for the three months ended 31 August 2022, a significant improvement from a loss of approximately HK$6.5 million in the corresponding period in 2021, primarily due to a gain on bargain purchase of approximately HK$12.0 million[190]. Revenue Breakdown - Revenue from visual display solution services for the three months ended 31 August 2022 was HK$7,231,000, an increase of 58.8% compared to HK$4,552,000 in the same period of 2021[88]. - Equipment rental income for the same period was HK$3,688,000, contributing to total revenue of HK$11,152,000, up from HK$4,630,000 in the previous year[88]. - Revenue from visual display solutions amounted to approximately HK$4.3 million for the three months ended 31 August 2022, compared to approximately HK$1.8 million for the same period in 2021[124]. - Revenue from information technology consulting services was approximately HK$3.7 million, representing 33.1% of the Group's total revenue for the three months ended 31 August 2022[124]. - The Group's revenue from information technology consulting services for the three months ended 31 August 2022 was approximately HK$3.9 million, accounting for 33.1% of the Group's total revenue[185]. - The Group's total revenue from visual display solutions and information technology consulting services accounted for 65% and 33.1% of total revenue, respectively, for the three months ended 31 August 2022[125]. Operational Highlights - The Group engaged in 72 pop concert shows during the three months ended 31 August 2022, compared to 29 shows in the same period of 2021[124]. - The number of pop concert shows increased from 29 to 72, contributing to a revenue increase from HK$1,773,000 to HK$4,343,000, despite a slight decrease in average revenue per show from approximately HK$61,000 to HK$60,000[171]. - Revenue from other live events rose from HK$2,779,000 to HK$2,888,000, with the number of shows increasing from 192 to 362, although average revenue per show decreased from approximately HK$14,000 to HK$8,000[174]. - Total revenue from pop concerts accounted for 100% of the revenue from that segment, with an average revenue per show of HK$60,000 for the three months ended 31 August 2022[177]. - The Group's revenue from pop concerts in Hong Kong was HK$3,313,000, accounting for 76.3% of total revenue from pop concerts[177]. - The geographical breakdown of revenue indicates a strong performance in Hong Kong, with a notable contribution from other regions[179]. - The Group plans to continue expanding its service offerings in visual display solutions and live event productions to capture growing market demand[171]. Financial Position - The balance at 31 August 2022 showed total equity of HK$223,761,000, reflecting a decrease from HK$70,333,000 at 31 August 2021[73]. - The Group's current ratio improved to approximately 2.20 as at 31 August 2022, compared to approximately 0.53 as at 31 August 2021[195]. - The Group's gearing ratio increased to approximately 22.4% as at 31 August 2022, up from approximately 17.7% as at 31 August 2021, mainly due to an increase in shareholder's loans[195]. - The maximum limit of the banking facilities available to the Group was HK$13 million as at 31 August 2022, with bank borrowings bearing interest at floating rates from 2.8% to 4.2% per annum[195]. - The Group's net current assets were approximately HK$120.7 million as at 31 August 2022, compared to net current liabilities of approximately HK$15.2 million as at 31 August 2021[191]. - The Group's capital structure included equity attributable to the owners of approximately HK$54.3 million as of August 31, 2022[198]. Taxation and Compliance - The Group's effective income tax for the three months ended 31 August 2022 was nil, consistent with the same period in 2021[91]. - The Group did not incur any Hong Kong profits tax for the three months ended 31 August 2022, as it did not generate any estimated assessable profit[187]. - The Macau subsidiary was subject to a complementary tax at the rate of 12.0% on estimated assessable income exceeding MOP600,000 for the three months ended 31 August 2022[91]. - The company has not early adopted new accounting standards issued by HKICPA that are not yet effective, and is assessing their impact on financial results[84]. - The unaudited financial information does not contain sufficient details to constitute an interim financial report as defined in HKFRSs[80]. - The unaudited condensed consolidated financial statements are presented in Hong Kong dollars (HK$) and prepared in accordance with HKFRSs applicable to interim periods[80]. Acquisitions - The Group completed the acquisition of 22.9% of the issued share capital of Shenzhen Xinhang Information Technology Company Limited on 18 August 2022[124]. - The acquisition of 22.9% of Shenzhen Xinhang was completed on 18 August 2022, leading to the consolidation of its financial results into the Group's[181].
耀星科技集团(08446) - 2023 Q1 - 季度财报