Financial Performance - The company's revenue for the three months ended June 30, 2023, was HKD 16,551,000, representing a 9.2% increase from HKD 15,154,000 in the same period of 2022[3] - Gross profit for the same period was HKD 6,122,000, up from HKD 5,593,000, indicating a growth of 9.4%[3] - The company's profit before tax decreased significantly to HKD 596,000 from HKD 5,778,000, a decline of 89.7% year-on-year[3] - The total comprehensive income attributable to owners of the company for the period was HKD 596,000, compared to HKD 5,765,000 in the previous year, reflecting a decrease of 89.6%[3] - The company reported a basic and diluted earnings per share of HKD 0.28, down from HKD 2.73 in the same quarter of 2022[3] - Other income, gains, and losses for the quarter totaled HKD 125,000, a significant drop from HKD 7,050,000 in the prior year, primarily due to the absence of gains from the sale of subsidiaries[12] - The company's profit attributable to shareholders decreased significantly from HKD 5,765,000 in 2022 to HKD 596,000 in 2023[18] Costs and Expenses - The cost of sales rose by about 9.1%, from HKD 9,600,000 in the corresponding period to HKD 10,400,000 in 2023[22] - Gross profit increased by approximately 9.5%, from HKD 5,600,000 in the corresponding period to HKD 6,100,000 in 2023, with a slight increase in gross margin from 36.9% to 37.0%[22] - Selling and distribution costs decreased by about 15.9%, from HKD 2,900,000 to HKD 2,400,000[24] - Administrative and other expenses decreased by approximately 19.1%, from HKD 3,800,000 to HKD 3,100,000[24] - Financing costs decreased to HKD 130,000 from HKD 157,000, a reduction of 17.2%[13] - The company's profit before tax dropped from approximately HKD 5,800,000 in the corresponding period to HKD 600,000 in 2023, primarily due to the absence of gains from the sale of subsidiaries[26] Dividends and Shareholder Returns - The company did not declare any dividends for the period, consistent with the previous year[17] - The company does not plan to declare any dividends for the period, consistent with the previous year[27] Business Outlook - The company anticipates improved business performance in 2023/2024, driven by government-issued electronic consumption vouchers and recovery in the local economy[28] Share Options and Compliance - As of June 30, 2023, the company has 21,152,472 shares available for grant under the share option scheme[48] - There were no share options granted, exercised, cancelled, or lapsed during the period[47] - The company has a sufficient public float of at least 25% of issued shares, complying with GEM listing rules[55] - The company has not redeemed any listed securities during the period, nor have any subsidiaries purchased or sold such securities[54] - The board of directors confirmed compliance with the trading code for securities transactions during the period[56] - No share options were granted with performance-based vesting conditions during the period[46] - The company has not entered into any management contracts related to its business operations during the period[50] - There are no significant interests or short positions held by directors or major shareholders in the company's shares as of June 30, 2023[53] Audit and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements and confirmed compliance with applicable accounting standards[60] - The company has adopted a code of conduct for securities transactions in accordance with GEM listing rules[56]
民信国际控股(08456) - 2024 Q1 - 季度财报