Financial Performance - The company recorded unaudited revenue of approximately HKD 7.0 million for the three months ended June 30, 2022, representing an increase of about 6.3% compared to the same period last year[7]. - The unaudited loss attributable to owners of the company was HKD 4.9 million, compared to a loss of HKD 2.1 million in the same period last year, primarily due to increased administrative expenses[7]. - Basic and diluted loss per share for the period was approximately HKD 1.24, compared to HKD 0.52 in the previous year[7]. - Gross profit for the period was HKD 2.945 million, with a gross margin of approximately 42.0%[9]. - Operating loss for the period was HKD 4.470 million, compared to an operating loss of HKD 1.492 million in the same period last year[9]. - The company reported a net loss before tax of HKD 4.731 million, compared to HKD 1.491 million in the previous year[9]. - Total comprehensive loss attributable to owners of the company was HKD 6.198 million, compared to HKD 2.095 million in the same period last year[9]. - The group reported a loss before tax of HKD 4,731,000 for the three months ended June 30, 2022, compared to a loss of HKD 2,095,000 for the same period in 2021[43]. - Basic loss per share for the three months ended June 30, 2022, was HKD 1.24, compared to HKD 0.52 for the same period in 2021[43]. Revenue Breakdown - Revenue from the smart manufacturing solutions business was HKD 6,357,000, a decrease of 3.6% from HKD 6,596,000 in the previous year[26]. - The funeral services business generated revenue of HKD 652,000, with no revenue reported in the same period of 2021[26]. - The funeral services business accounted for approximately 9.3% of the group's revenue for the three months ended June 30, 2022, contributing HKD 0.6 million[47]. Administrative Expenses - Administrative expenses increased significantly to HKD 6.029 million from HKD 2.674 million in the previous year, reflecting a rise of approximately 125%[9]. - Administrative expenses rose by 125.5% to HKD 6.0 million for the three months ended June 30, 2022, compared to HKD 2.7 million for the same period in 2021, mainly due to increased employee costs and R&D expenses[53]. Equity and Assets - The company’s total equity as of June 30, 2022, was approximately HKD 50.195 million, reflecting a decrease from the previous year[12]. - The net capital debt ratio increased to 24.2% as of June 30, 2022, compared to 10.0% as of March 31, 2022, mainly due to increased bank borrowings and leasing liabilities[55]. - As of June 30, 2022, the group had cash and cash equivalents of approximately HKD 5.0 million, up from HKD 3.7 million as of March 31, 2022[56]. Research and Development - The group plans to enhance its R&D efforts by establishing its own R&D center and hiring more technical personnel to maintain a competitive edge in the rapidly evolving smart manufacturing solutions market[68]. - The group has registered 16 patents, including 6 invention patents and 10 utility model patents, with 8 invention patents currently in the registration stage[46]. Corporate Governance - The company has complied with the GEM Listing Rules regarding corporate governance practices[87]. - The company has adopted trading standards as per GEM Listing Rules for directors' securities transactions[85]. - The audit committee has been established and consists of three independent non-executive directors, chaired by Mr. Leung Ka Wing[90]. - The main responsibilities of the audit committee include advising the board on the appointment and removal of external auditors, reviewing financial statements, and overseeing the financial reporting system and internal controls[90]. - The audit committee has reviewed the accounting principles adopted by the group and discussed audit and financial reporting matters with management[90]. - The unaudited financial information for the three months ended June 30, 2022, has been discussed and reviewed by the audit committee[90]. Shareholder Information - Mr. Huang holds a controlled corporation interest of 144,097,800 shares, representing 36.02% of the company's equity[75]. - Major shareholder Dingyu holds 144,097,800 shares, also representing 36.02% of the company's equity[79]. - Major shareholder Yuan Ying Capital Limited holds 52,399,200 shares, representing 13.10% of the company's equity[79]. - No share options have been granted, exercised, or cancelled under the share option scheme since its adoption[81]. Dividend and Securities Transactions - The group has no plans to declare an interim dividend for the three months ended June 30, 2022[39]. - The company did not recommend an interim dividend for the three months ended June 30, 2022, consistent with the previous year[73]. - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the three months ended June 30, 2022[74]. - The company did not enter into any related party transactions during the reporting period[83]. Employee Information - The group has 48 employees as of June 30, 2022, compared to 23 employees in 2021, reflecting its commitment to talent acquisition and retention[65]. Events After Reporting Period - No significant events requiring disclosure occurred after June 30, 2022[84]. - The board expresses gratitude to the management and all employees for their hard work and contributions during the reporting period[91].
民富国际(08511) - 2023 Q1 - 季度财报