Financial Performance - For the three months ended June 30, 2022, the company reported revenue of HKD 44,011,000, an increase of 35.2% compared to HKD 32,559,000 for the same period in 2021[6] - Gross profit for the same period was HKD 28,126,000, representing a gross margin of 63.9%, up from HKD 21,165,000 and a gross margin of 65.0% in the prior year[6] - The company achieved a profit before tax of HKD 6,747,000, which is a 59.1% increase from HKD 4,241,000 in the previous year[6] - The net profit for the period was HKD 5,162,000, compared to HKD 3,434,000 in the same quarter of the previous year, reflecting a growth of 50.3%[6] - Basic earnings per share increased to HKD 0.46, up from HKD 0.31, marking a growth of 48.4% year-over-year[6] - Total revenue for the three months ended June 30, 2022, was HKD 44,011,000, an increase of 35.4% compared to HKD 32,559,000 for the same period in 2021[18] - Retail store sales amounted to HKD 34,878,000, up 21.5% from HKD 28,694,000 in the previous year[18] - The company reported a profit attributable to owners of the company of HKD 5,162,000 for the three months ended June 30, 2022, compared to HKD 3,434,000 in the same period last year, representing a 50.4% increase[26] - Basic earnings per share for the three months ended June 30, 2022, was HKD 0.0046, based on a weighted average of 1,120,000,000 shares[27] - The group’s revenue increased from approximately HKD 32,600,000 to approximately HKD 44,000,000, representing a growth of about 35.2% year-on-year[33] - The group’s net profit rose from approximately HKD 3,400,000 to approximately HKD 5,200,000, an increase of about 50.3%[43] - Basic earnings per share increased from approximately HKD 0.31 to about HKD 0.46[44] Equity and Shareholder Information - The company’s total equity as of June 30, 2022, was HKD 150,619,000, an increase from HKD 145,457,000 at the beginning of the quarter[8] - As of June 30, 2022, the company has a significant shareholder, Prime Era, holding 542,000,000 shares, representing 48.39% of the company's equity[60] - The company reported that Ms. Yuan Mi Ming and Mr. Lin Yu Yang each hold 542,000,000 shares, accounting for 48.39% of the company's equity[55] - Ms. Yuan Mi Wang holds 47,000,000 shares, which is 4.20% of the company's equity[55] - Major shareholder Ms. Xing Jia Jue owns 244,530,000 shares, representing 21.83% of the company's equity[60] - The company has not granted any stock options under its stock option plan since its adoption on January 23, 2018[62] - The company has disclosed no other individuals holding 5% or more of the shares apart from those mentioned[61] Corporate Governance - The board of directors has confirmed the accuracy and completeness of the financial information presented in the report[2] - The company has adopted the corporate governance code as a guideline for its governance practices[66] - The board of directors confirmed compliance with the trading standards as of June 30, 2022[63] - The audit committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors[71] - The audit committee's main responsibilities include independent review of the group's financial reporting procedures and oversight of the audit process[71] - The audit committee has reviewed the unaudited quarterly results for the three months ended June 30, 2022[71] Business Operations - The company continues to focus on multi-brand beauty and health product retailing in Hong Kong, indicating a commitment to market expansion[10] - The company has focused on offering a diverse range of beauty and health products, categorized into skincare, cosmetics, and food and health products[30] - The company operates ten retail stores under the "MI MING MART" brand and has an online store as well as partnerships with third-party e-commerce platforms[30] - The company has introduced beauty services since September 2021, expanding its service offerings[30] Expenses and Taxation - The total employee benefits expense for the three months ended June 30, 2022, was HKD 7,736,000, compared to HKD 6,943,000 in the previous year, reflecting an increase of 11.4%[20] - The income tax expense for the three months ended June 30, 2022, was HKD 1,585,000, compared to HKD 807,000 in the same period last year, indicating a significant increase[21] - The cost of sales rose from approximately HKD 11,400,000 to approximately HKD 15,900,000, an increase of about 39.4%[34] - Sales and distribution expenses increased from approximately HKD 8,100,000 to approximately HKD 9,100,000, an increase of about 11.8%[38] Other Information - The company has not disclosed specific new product launches or technological advancements in this report, but it remains a key area of focus for future growth[10] - The company did not declare any interim dividend for the three months ended June 30, 2022, consistent with the previous year[28] - The group recorded a loss of approximately HKD 4,100,000 for the quarter, primarily due to foreign exchange losses of about HKD 4,200,000[37] - There were no significant acquisitions or disposals of investments during the quarter[50] - The company has not purchased, sold, or redeemed any of its listed securities during the three months ending June 30, 2022[69] - The company believes that having Ms. Yuan Mi Ming serve as both the chairman and CEO is in the best interest of the group[68]
弥明生活百货(08473) - 2023 Q1 - 季度财报