Financial Performance - Revenue for the three months ended June 30, 2022, was HKD 91,752,000, a decrease of 10.3% compared to HKD 102,046,000 for the same period in 2021[7] - The company reported a net loss of HKD 2,550,000 for the three months ended June 30, 2022, compared to a net loss of HKD 1,311,000 for the same period in 2021, representing an increase in loss of 94.5%[7] - Total comprehensive loss for the period was HKD 3,179,000, compared to HKD 1,056,000 for the same period in 2021, indicating a significant increase in comprehensive loss[7] - Basic loss per share for the three months ended June 30, 2022, was HKD 0.53, compared to HKD 0.27 for the same period in 2021[7] - The company recorded a loss attributable to owners of the company of HKD 2.55 million for the three months ended June 30, 2022, compared to a loss of HKD 1.31 million for the same period in 2021[19] - The group recorded a net loss of approximately HKD 2.6 million for the three months ended June 30, 2022, compared to a net loss of about HKD 1.3 million for the same period in 2021, primarily due to restrictions on cross-border transportation services[36] Revenue Breakdown - Total revenue for the three months ended June 30, 2022, was approximately HKD 91.8 million, a decrease of about HKD 10.3 million or 10.1% from approximately HKD 102.0 million for the same period in 2021[25] - Revenue from ancillary delivery services decreased significantly by approximately HKD 7.6 million or 43.7%, from approximately HKD 17.4 million in the three months ended June 30, 2021, to approximately HKD 9.8 million in the same period of 2022[25] Cost Management - Employee benefit expenses decreased to HKD 11,516,000 from HKD 13,460,000, a reduction of 14.5% year-on-year[7] - Transportation costs decreased to HKD 36,774,000 from HKD 44,802,000, a decline of 18% compared to the previous year[7] - Employee benefits expenses decreased by approximately HKD 1.9 million or 14.4% to about HKD 11.5 million for the three months ended June 30, 2022, primarily due to government subsidies under the employment support scheme[28] - Dispatch labor costs increased by approximately HKD 1.3 million or 4.2% to about HKD 31.7 million for the three months ended June 30, 2022, mainly due to rising local labor costs[29] - Depreciation of property, plant, and equipment increased by approximately HKD 0.3 million or 5.4% to about HKD 5.4 million for the three months ended June 30, 2022, in line with increased leasing liabilities[30] - Transportation costs decreased by approximately HKD 8.0 million or 17.9% to about HKD 36.8 million for the three months ended June 30, 2022, despite rising fuel prices[31] - Warehousing operating costs slightly decreased by approximately HKD 0.2 million or 2.7% to about HKD 6.5 million for the three months ended June 30, 2022, benefiting from cost control measures[32] - Other expenses decreased by approximately HKD 0.8 million or 28.6% to about HKD 2.1 million for the three months ended June 30, 2022, mainly due to reduced professional fees[33] - The financing cost remained stable at approximately HKD 0.7 million for the three months ended June 30, 2022, compared to HKD 0.5 million for the same period in 2021[34] Operational Challenges - The tightening of COVID-19 control measures in China has severely impacted the company's operations and business, leading to a reduction in cross-border transportation services[23] - The company continues to focus on cost management strategies to mitigate losses and improve operational efficiency[9] Shareholder and Governance Information - As of June 30, 2022, the major shareholder 3C Holding Limited held approximately 68.8% of the company's issued share capital[40] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2022[44] - No significant acquisitions or disposals were made by the group during the three months ended June 30, 2022[53] - The company did not declare or pay any dividends during the three months ended June 30, 2022[52] - The audit committee has reviewed the unaudited financial results for the three months ended June 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[51] - The company has adopted a code of conduct for securities transactions by directors in accordance with GEM listing rules[47] - There were no known conflicts of interest involving directors or major shareholders during the three months ended June 30, 2022[46] - The company has appointed a compliance advisor effective from September 1, 2020, with no reported interests conflicting with the company[50] - The company has applied the principles of the corporate governance code as per GEM listing rules during the three months ended June 30, 2022[49] - No material events requiring disclosure occurred after the three months ended June 30, 2022[54] - The first quarter report was published on the company's website and complies with GEM listing rules[55] - The board of directors includes both executive and independent non-executive members, ensuring governance and oversight[56] Accounting Standards - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2022, with no significant impact on accounting policies or financial statements reported[3]
亚洲速运(08620) - 2023 Q1 - 季度财报