Financial Performance - Revenue for the three months ended March 31, 2022, was HKD 58,683 thousand, an increase of 6.1% from HKD 54,985 thousand in the same period of 2021[5] - Gross profit for the same period was HKD 15,250 thousand, representing a gross margin of 25.9%, compared to HKD 12,035 thousand in 2021[5] - The net profit for the period was HKD 2,113 thousand, up 24.0% from HKD 1,705 thousand in the previous year[5] - Total comprehensive income for the period was HKD 3,166 thousand, significantly higher than HKD 370 thousand in the same period last year[10] - Basic earnings per share increased to HKD 0.30 from HKD 0.24, reflecting a growth of 25.0%[12] - The company reported a net profit attributable to shareholders of approximately HKD 2.1 million for the period, compared to HKD 1.7 million in the previous year[66] - The profit attributable to the company's owners for the period was approximately HKD 2.1 million, compared to HKD 1.7 million for the same period last year[75] Revenue Breakdown - Revenue from bonding wire decreased by 27.3% to approximately HKD 29.4 million, while revenue from packaging adhesive increased significantly by 117.7% to approximately HKD 26.7 million[70] - The company served over 600 customers, including major LED, camera module, and IC manufacturers located primarily in China[68] Expenses and Costs - Selling and distribution expenses rose to HKD 4,461 thousand, up from HKD 2,611 thousand, indicating increased investment in market expansion[5] - Administrative expenses were HKD 7,465 thousand, slightly higher than HKD 7,026 thousand in the same period last year[5] - Financing costs increased to HKD 409,000 from HKD 294,000 in the previous year, primarily due to interest on discounted notes with recourse[29] - Sales and distribution expenses increased by 70.9% to approximately HKD 4.5 million, driven by increased transportation costs and higher sales commissions[74] Government Support and Taxation - The company received government subsidies amounting to HKD 360,000, slightly up from HKD 355,000 in the previous year[29] - The company’s effective tax rate for the period was 15% due to its qualification as a high-tech enterprise in Shantou, China[34] Market Outlook and Strategy - The company continues to focus on the development and sales of semiconductor packaging materials, with plans for future product innovations[20] - The company plans to continue focusing on the development of advanced semiconductor materials suitable for mini LED, artificial intelligence, and 5G industries[69] - The company expects continued growth in the global semiconductor materials market, projected to increase by 15.9% in 2021, reaching USD 64.3 billion[77] - The demand for semiconductor packaging materials is anticipated to grow steadily, particularly in China, due to effective COVID-19 control and rapid growth in the 5G industry[77] - The company plans to enhance its product development efforts in response to increasing demand from emerging markets such as 5G networks, automotive electrification, and IoT[77] Corporate Governance and Shareholding - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency[21] - The company has established an audit committee composed of three independent non-executive directors to review and supervise the financial reporting process and internal control procedures[110] - The company has complied with the corporate governance code as stipulated in the GEM Listing Rules during the reporting period[105] - Major shareholders include Mr. Zhou and Professor Zhou, each holding 50.60% of the company through controlled corporations[84] - As of March 31, 2022, the company had issued share capital of HKD 7,055,000, divided into 705,500,000 shares[88] - The company has not granted any share options under the share option scheme since its adoption on May 8, 2018, and there are no unexercised options as of March 31, 2022[102] - The maximum number of shares that can be granted under the share option scheme is capped at 10% of the shares issued at the time of listing, which amounts to 68,000,000 shares, approximately 9.6% of the issued shares as of the report date[101] Dividend and Acquisitions - The board did not recommend any dividend payment for the period, consistent with the previous year[80] - No significant acquisitions or disposals of subsidiaries or joint ventures occurred during the period[81] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the reporting period[109] - The company has not identified any competing business interests held by its directors or controlling shareholders during the reporting period[103] Other Income - The company recorded other income of approximately HKD 0.4 million, compared to HKD 0.3 million for the same period in 2021[73]
骏码半导体(08490) - 2022 Q1 - 季度财报