Financial Performance - The Group's revenue for the first quarter of 2023 was HKD 14,228,000, a decrease of 16.5% compared to HKD 17,122,000 in the same period of 2022[4] - Gross profit for the first quarter of 2023 was HKD 2,918,000, down from HKD 3,010,000, reflecting a gross margin of approximately 20.5%[4] - Operating profit increased to HKD 442,000 in Q1 2023 from HKD 349,000 in Q1 2022, representing a growth of 26.7%[4] - The Group reported a net profit of HKD 48,000 for Q1 2023, a decline of 44.8% from HKD 87,000 in Q1 2022[4] - Basic and diluted earnings per share for the first quarter of 2023 were HKD 0.05, down from HKD 0.08 in the same quarter of the previous year[4] - The total comprehensive income for the first quarter of 2023 was HKD 60,000, compared to HKD 87,000 in Q1 2022, indicating a decrease of 31.0%[4] Costs and Expenses - The Group's financing costs increased to HKD 298,000 in Q1 2023 from HKD 125,000 in Q1 2022, marking a rise of 138.4%[4] - The Group's administrative and other operating expenses decreased to HKD 2,533,000 in Q1 2023 from HKD 2,699,000 in Q1 2022, a reduction of 6.2%[4] - The cost of sales for the same period was approximately HKD 11.3 million, down about 19.9% from HKD 14.1 million in the previous year, primarily due to reduced employee costs[29] - The total administrative and other operating expenses for the period were approximately HKD 2.5 million, a decrease of about 6.2% from HKD 2.7 million in the same period of 2022[31] Equity and Shareholder Information - The Group's total equity as of March 31, 2023, was HKD 61,378,000, an increase from HKD 61,284,000 at the beginning of the quarter[5] - As of March 31, 2023, Mr. Liu holds 51,000,000 shares, representing 44.35% of the company's equity[35] - No major shareholders or other individuals reported interests in the company's shares beyond those disclosed[38] Corporate Governance and Compliance - The company has fully complied with the corporate governance code as of March 31, 2023[44] - The audit committee reviewed the financial reporting processes and internal controls for the quarter ending March 31, 2023[45] - The audit committee's review confirmed that the financial performance for the quarter complies with applicable accounting standards and regulations[47] - The board of directors confirmed adherence to the trading code for securities transactions during the three months ending March 31, 2023[42] Strategic Plans and Operations - The company plans to expand its property agency business beyond Hong Kong, targeting markets including Japan, the Middle East, and mainland China[26] - The company has been actively monitoring project progress and maintaining communication with suppliers and subcontractors to mitigate any potential disruptions[26] - The company aims to enhance operational efficiency and profitability while seeking opportunities to expand revenue sources and increase shareholder value[26] Other Financial Information - The exchange difference from the translation of foreign operations resulted in a gain of HKD 12,000 in Q1 2023, compared to no gain in Q1 2022[4] - The fair value changes of assets recognized in profit or loss amounted to HKD 53,000 for the three months ended March 31, 2023, compared to HKD 38,000 in the previous year[16] - The board of directors did not recommend the payment of any dividends for the three months ended March 31, 2023, consistent with the previous year[33] Stock Options and Securities - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ending March 31, 2023[39] - No stock options were granted, exercised, expired, or lapsed during the three months ending March 31, 2023[43] - The company has adopted a stock option plan to attract and retain talent, although no options were active in the reporting period[43] - The company has no competition or conflict of interest issues reported during the three months ending March 31, 2023[40]
基地锦标集团(08460) - 2023 Q1 - 季度财报