Financial Performance - Revenue for the three months ended June 30, 2023, was approximately HK$26,190,000, a decrease of 35.9% compared to HK$40,836,000 for the same period last year[10]. - Loss attributable to owners of the Company was approximately HK$3,003,000 for the three months ended June 30, 2023, compared to a loss of approximately HK$4,664,000 for the same period last year, representing an improvement of 35.5%[10]. - Revenue from intelligent advertising and railroad media services was approximately HK$25,865,000 for the three months ended June 30, 2023, down from HK$40,411,000 for the same period last year, a decline of 36.1%[18]. - Revenue from the sales of agricultural, forestry, and food products was approximately HK$50,000 for the three months ended June 30, 2023, compared to HK$107,000 for the same period last year, a decrease of 53.3%[22]. - For the three months ended June 30, 2023, revenue from short-term leasing of the commercial portion of the property was approximately HK$275,000, down from HK$318,000 for the same period in 2022[31]. - Total comprehensive loss for the period was HK$8,909,000, compared to HK$11,899,000 for the same period last year, indicating a reduction of approximately 25.1%[67]. - The consolidated loss before tax for the period was HK$2,553,000, improving from a loss of HK$5,410,000 in the previous year[99]. - The basic and diluted loss per share for the period was HK$0.91, compared to HK$1.41 for the same period last year, showing an improvement in loss per share[65]. - The total profit of reportable segments for Q2 2023 was a loss of HK$548,000, compared to a profit of HK$3,443,000 in Q2 2022, indicating a decline in performance[93]. Cash and Liabilities - As of June 30, 2023, the Group's cash and bank deposits amounted to approximately HK$11,460,000, an increase of about 5.31% compared to HK$10,882,000 as of March 31, 2023[44]. - The Group's net current liabilities as of June 30, 2023, were approximately HK$70,142,000, compared to HK$60,840,000 as of March 31, 2023[44]. - The Group's gearing ratio was approximately -283% as of June 30, 2023, improving from -475% as of March 31, 2023[52]. - The Group's asset-liability ratio as of June 30, 2023, was approximately -283%, an improvement from -475% as of March 31, 2023[55]. Business Strategy and Opportunities - The Company is focusing on diversifying applications of its proprietary Big Data and AI technological platforms to explore new growth opportunities[12]. - The Group is actively seeking suitable investment opportunities in the recovering travel sector post-COVID-19, aiming to benefit from potential explosive growth[17]. - The Company is exploring potential investment opportunities in the Chinese medicine sector to tap into mass market consumption and provide additional growth potential[19]. - The Group is actively seeking stable and high-demand products to grow its car trading business, which shows promising growth potential[39]. - The Group is focused on expanding its AI technology platform and high-speed railroad media resources to develop new business lines targeting the recovery of domestic tourism in China[38]. Cost Management - The Group's administrative and other operating expenses decreased to HK$5,000,000 from HK$9,072,000 in the previous year, reflecting a reduction of approximately 44.5%[65]. - Staff costs decreased to HK$2,298,000 from HK$2,829,000, while equity settled share-based payment expenses were nil compared to HK$5,416,000 in the prior year[101]. - Cost of inventories sold was HK$21,687,000, down from HK$37,782,000, reflecting a 43% reduction[101]. Governance and Compliance - The Company has complied with the Corporate Governance Code throughout the three months ended June 30, 2023[128]. - The Board of Directors consists of three executive Directors, one non-executive Director, and three independent non-executive Directors[129]. - The Audit Committee regularly reviews the effectiveness of the internal control system and the quarterly, interim, and annual reports of the Group[136]. - The Company has confirmed compliance with the required standard of dealings for directors' securities transactions throughout the three months ended June 30, 2023[162]. Shareholder Information - As of June 30, 2023, Mr. Zhao Xinyan holds a total of 49,128,000 shares, representing approximately 14.88% of the issued share capital of the Company[146]. - Ms. Ng Mui King, Joky holds 33,792,000 shares, which is about 10.23% of the issued share capital of the Company[146]. - Win Bless Limited, beneficially owned by Mr. Zhao Xinyan, has 47,378,000 shares, accounting for approximately 14.35% of the issued share capital[155]. - Gold City Assets Holdings Ltd., beneficially owned by Ms. Ng Mui King, Joky, holds 33,792,000 shares, representing 10.23% of the issued share capital[155]. - Ms. Lin Shunping holds 19,900,000 shares, which is approximately 6.03% of the issued share capital of the Company[155].
世大控股(08003) - 2024 Q1 - 季度财报