Revenue Growth - The group's revenue increased from approximately HKD 4,103,000 for the three months ended March 31, 2022, to approximately HKD 17,886,000 for the three months ended March 31, 2023, representing a growth of about 336%[29] - Revenue for the three months ended March 31, 2023, was HKD 17,886,000, a significant increase from HKD 4,103,000 in the same period of 2022, representing a growth of 336%[35] - Total revenue for the group reached HKD 17,886,000, representing a 336% increase from HKD 4,103,000 in the prior year[101] Photography Service Revenue - Photography service revenue surged over six times to approximately HKD 15,641,000 for the three months ended March 31, 2023, compared to HKD 2,393,000 for the same period in 2022[29] - For the three months ended March 31, 2023, the group reported photography service revenue of HKD 15,641,000, a significant increase of 554% compared to HKD 2,393,000 for the same period in 2022[101] - The increase in profit was primarily due to the relaxation of certain social distancing and entry-exit control measures at the end of 2022, leading to increased revenue in the photography service business[29] Medical Service Revenue - Medical service revenue was approximately HKD 2,245,000 for the three months ended March 31, 2023, up from HKD 1,710,000 for the same period in 2022, maintaining a relatively stable level[29] - Medical service revenue for the same period was HKD 2,245,000, up 31% from HKD 1,710,000 in the previous year[101] - The company is actively seeking to expand its medical services business by recruiting suitable practitioners and exploring related business opportunities[115] Profitability and Loss - The profit attributable to equity shareholders increased from a loss of approximately HKD 3,735,000 for the three months ended March 31, 2022, to a profit of approximately HKD 2,003,000 for the same period in 2023[29] - Gross profit for the same period was HKD 6,042,000, compared to a gross loss of HKD 901,000 in 2022, indicating a turnaround in profitability[35] - Operating profit for the quarter was HKD 2,017,000, a recovery from an operating loss of HKD 3,732,000 in the previous year[35] - Total comprehensive income for the period was HKD 1,865,000, recovering from a total comprehensive loss of HKD 3,909,000 in the prior year[36] - The group reported a total comprehensive loss of approximately HKD 1,256,000 for the three months ended March 31, 2023[15] Expenses and Costs - The total expenses for the group were approximately HKD 2,858,000 for the three months ended March 31, 2023[15] - Administrative expenses increased to HKD 4,530,000 from HKD 4,173,000, reflecting a rise of 8.5% year-over-year[35] - The company incurred finance costs of HKD 141,000, slightly up from HKD 131,000 in the previous year[35] - The foreign exchange loss from the translation of financial statements of subsidiaries outside Hong Kong was HKD 76,000, compared to a loss of HKD 45,000 in the same period last year[36] Shareholder Information - The board did not recommend the declaration of any interim dividend for the three months ended March 31, 2023[29] - There were no interim dividends recommended for the three months ended March 31, 2023[88] - The company has maintained a commitment to act in the best interests of its shareholders, with a board comprising seven members, including three independent non-executive directors[174] Financial Position - The total equity of the group as of March 31, 2023, was approximately HKD 24,579,000, down from HKD 30,638,000 a year earlier[123] - Cash and cash equivalents totaled approximately HKD 18,486,000, a decrease from HKD 24,236,000 as of March 31, 2022[123] - As of March 31, 2023, the company's debt-to-equity ratio was 47.62%, slightly up from 47.52% on March 31, 2022[153] Business Development and Strategy - The company aims to expand its service locations in Hong Kong to enhance its market presence[29] - The group has successfully won a government tender to provide automated photography services for identity documents, effective from March 1, 2023, for a duration of 24 months, which is expected to enhance revenue and profitability[92] - The group is reallocating resources to upgrade and maintain its automated photography machines and to enhance media advertising and promotional activities[93] - The company plans to allocate more resources to optimize its business model and diversify its core business, particularly in the IT infrastructure sector[128] - The company has initiated the development of medical services, including the establishment or acquisition of new clinics[129] - The board has decided to reallocate unutilized net proceeds from the share sale to further develop the self-service photo booth business in Hong Kong and to invest in medical-related services[196] Employee and Workforce - The group had 78 employees as of March 31, 2023, compared to 51 employees a year earlier, indicating growth in workforce[138] Financing and Capital - The company secured a bank loan of approximately HKD 2,000,000 as of March 31, 2023, compared to none a year earlier[138] - The company had bank financing secured by restricted bank deposits amounting to HKD 5,000,000 as of March 31, 2023, compared to zero on March 31, 2022[157] - The company raised approximately HKD 62,000,000 from the sale of 200,000,000 shares at HKD 0.31 per share, with a net amount of about HKD 31,852,000 as of March 31, 2023[176] Audit and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the quarter ending March 31, 2023, ensuring compliance with applicable accounting standards[175] Competition and Market Position - The company has not disclosed any significant competition or conflicts of interest involving its directors or major shareholders as of March 31, 2023[175] - The company has not reported any new product developments or market expansions in the current quarter[156]
名仕快相(08483) - 2023 Q1 - 季度财报