Financial Performance - For the three months ended June 30, 2022, the company reported a revenue of HKD 10,264,000, a decrease of 5.5% from HKD 10,866,000 in the same period last year[3] - The cost of goods sold for the same period was HKD 7,777,000, resulting in a gross profit of HKD 2,487,000, which is an increase of 20.8% compared to HKD 2,059,000 in the previous year[3] - The operating loss for the quarter was HKD 1,951,000, significantly improved from a loss of HKD 3,970,000 in the prior year, reflecting a reduction of 50.8%[3] - The net loss for the period was HKD 2,097,000, compared to a net loss of HKD 4,202,000 in the same quarter last year, indicating a 50.2% improvement[3] - Total comprehensive income for the period was HKD 3,702,000, up from HKD 2,148,000 in the previous year, representing a 72.3% increase[4] - The company reported a net loss before tax of HKD 4,192,000 for the quarter[1] Assets and Liabilities - The company's total assets decreased to HKD 35,233,000 as of June 30, 2022, from HKD 102,613,000 as of March 31, 2022[6] - Cash and cash equivalents significantly decreased to HKD 14,881,000 from HKD 90,259,000 in the previous quarter, indicating a decline of 83.5%[6] - Trade and other receivables increased to HKD 8,985,000 from HKD 6,791,000, reflecting a growth of 32.5%[6] - The company reported a total liability of HKD 40,568,000, down from HKD 111,650,000 in the previous quarter, showing a reduction of 63.6%[6] Government Grants and Subsidies - The company recognized government grants totaling HKD 1,632,000 during the quarter, which contributed positively to the financial performance[14] - The company received government subsidies of HKD 1,632,000 under the "2022 Employment Support Scheme" during the quarter[33] Share Information - The average number of issued ordinary shares was 400,900,000, resulting in a basic and diluted loss per share of HKD 0.5, compared to HKD 1.0 in the same quarter of the previous year[24] Other Income and Expenses - Interest income for the quarter was HKD 1,000, while other media business income significantly dropped to HKD 3,000 from HKD 297,000 in the previous year[18] - The company recorded a depreciation expense of HKD 56,000 for property, plant, and equipment, down from HKD 80,000 in the previous year[19] Contingent Liabilities and Dividends - The company has no significant contingent liabilities or guarantees as of June 30, 2022[30] - The company did not declare any dividends for the quarter ended June 30, 2022, consistent with the previous year[25] Investment Valuation - The fair value of the company's investment in equity securities was HKD 10,800,000 as of June 30, 2022, compared to HKD 4,980,000 at the end of the previous quarter[27]
万华媒体(00426) - 2023 Q1 - 季度财报