Financial Performance - For the three months ended December 31, 2023, the company reported a revenue of HKD 11,719,000, an increase of 6.4% compared to HKD 11,008,000 in the same period of 2022[2] - The gross profit for the same period was HKD 3,117,000, representing a gross margin of approximately 26.6%, up from HKD 2,729,000 in 2022[2] - The operating loss decreased to HKD 2,600,000 from HKD 4,225,000 year-over-year, indicating a 38.5% improvement[2] - The net loss for the period was HKD 3,515,000, compared to a net loss of HKD 4,735,000 in the previous year, reflecting a 25.8% reduction in losses[2] - The company reported a loss before tax of HKD 3,512,000, which is an improvement from the previous year's loss before tax of HKD 4,737,000[13] - The net loss for the quarter was HKD 3,515,000, an improvement from a net loss of HKD 4,735,000 in the same quarter of the previous year, primarily due to increased revenue and reduced operating expenses[33] Assets and Liabilities - The company's total assets as of December 31, 2023, were HKD 46,449,000, down from HKD 54,479,000 as of March 31, 2023[5] - Cash and cash equivalents decreased to HKD 31,268,000 from HKD 36,480,000, indicating a decline of 14.2%[5] - The company's total liabilities increased to HKD 89,693,000 from HKD 77,210,000, representing a rise of 16.2%[5] Revenue Breakdown - The media business generated revenue of HKD 8,447,000, while the watch and automotive business contributed HKD 3,272,000, totaling HKD 11,719,000[13] - The company's revenue for the quarter ended December 31, 2023, was HKD 11,719,000, representing an increase of approximately 6% compared to HKD 11,008,000 in the same quarter of the previous year[33] Share and Dividends - The average number of issued ordinary shares was 400,900,000, resulting in a basic and diluted loss per share of HKD 0.88, compared to HKD 1.18 in the same quarter of the previous year[22] - The company has not declared any dividends for the quarter ended December 31, 2023, consistent with the previous year[23] Other Financial Information - The company reported total administrative service income of HKD 102,000 for the quarter, up from HKD 39,000 in the same quarter of the previous year[17] - Interest income for the quarter was HKD 2,000, consistent with the previous year[17] - The company incurred depreciation expenses of HKD 36,000 for property, plant, and equipment, slightly down from HKD 37,000 in the same quarter of the previous year[18] - The company recorded finance costs of HKD 469,000 for the quarter, compared to HKD 389,000 in the previous year[18] Strategic Investments and Financing - The company holds 12,000,000 shares of a strategic investment, representing 4.4% of the investee, with a fair value of HKD 5,280,000 as of December 31, 2023, down from HKD 9,960,000 at the beginning of the year[31] - The company has received financing of HKD 100,000,000 from a related subsidiary, with HKD 75,000,000 drawn down as of December 31, 2023[29] Accounting Standards - The company has not adopted any new accounting standards that would significantly impact its financial statements for the period[9]
万华媒体(00426) - 2024 Q3 - 季度业绩