Financial Performance - The group's revenue for the three months ended March 31, 2023, was HKD 76,428,000, representing an increase of 12.3% compared to HKD 67,956,000 for the same period in 2022[5]. - Gross profit for the same period was HKD 16,140,000, down 15.0% from HKD 18,953,000 in the previous year[5]. - The group reported a profit attributable to owners of the company of HKD 1,855,000 for Q1 2023, compared to a loss of HKD 1,206,000 in Q1 2022[5]. - The total comprehensive income for the period was HKD 9,324,000, significantly higher than HKD 1,777,000 in the same period last year[5]. - The company recorded a foreign exchange gain of HKD 7,469,000 during the period, compared to a gain of HKD 2,983,000 in the previous year[5]. - The company reported a comprehensive loss before tax of HKD 1.2 million for the three months ended March 31, 2023[17]. - The basic and diluted loss per share attributable to the owners of the company was HKD 0.035 for the three months ended March 31, 2023, compared to a loss of HKD 0.024 in the same period last year[19]. - Total comprehensive income attributable to the owners of the company was approximately HKD 9,324,000 for the three months ended March 31, 2023, compared to approximately HKD 1,800,000 for the same period in 2022, primarily due to increased profits and foreign exchange gains[32]. Expenses and Costs - The company incurred finance costs of HKD 3,868,000, down from HKD 5,688,000 in the previous year[5]. - The sales cost rose by approximately 23% from about HKD 49 million to approximately HKD 60.3 million, primarily due to increased average material costs and higher sales volume[25]. - The gross profit decreased from approximately HKD 19 million to about HKD 16.1 million, a decline of approximately 14.84%, with the gross margin dropping from about 27.9% to approximately 21.1%[26]. - Other income increased from approximately HKD 1.8 million to about HKD 2.2 million, reflecting a growth of approximately 26% mainly due to increased VAT refunds[27]. - The total depreciation and amortization expenses for the three months ended March 31, 2023, amounted to HKD 12.3 million, compared to HKD 9.8 million in the same period last year[17]. - The interest expenses decreased from HKD 5.7 million to HKD 3.9 million, with bank and other borrowings interest falling from HKD 3.6 million to HKD 3 million[15]. - Sales and distribution expenses increased by approximately 12% to about HKD 5,511,000 for the three months ended March 31, 2023, compared to approximately HKD 4,900,000 for the same period in 2022[28]. - Administrative expenses decreased by approximately 1.1% to about HKD 7,126,000 for the three months ended March 31, 2023, down from approximately HKD 7,200,000 for the same period in 2022[29]. - Financial costs decreased by approximately 32.0% to about HKD 3,868,000 for the three months ended March 31, 2023, compared to approximately HKD 5,700,000 for the same period in 2022[30]. Revenue Segments - The segment revenue from particleboard sales was HKD 76,428,000, with a reported segment performance of HKD 7,042,000[12]. - The revenue from the particleboard segment increased from approximately HKD 67.9 million to approximately HKD 76.4 million, representing a growth of about 12.5% compared to the previous period[24]. - The group did not generate any revenue from timber sales during the reporting period[11]. Capital Expenditure - Capital expenditure allocated for the period was HKD 12,126,000, including depreciation of HKD 12,075,000[12]. - The capital expenditure allocated for the particleboard segment primarily involved the acquisition of property, plant, and equipment[13]. Corporate Actions - No purchase, sale, or redemption of the company's listed securities occurred during the three months ended March 31, 2023[33]. - No share placements were conducted by the company or its subsidiaries during the three months ended March 31, 2023[34]. - The board of directors did not recommend any dividend payment for the three months ended March 31, 2023, consistent with the same period in 2022[42]. Future Outlook - The board has assessed the group's financial performance and believes it can meet its financial obligations in the foreseeable future[7]. - The company plans to expand its supply chain operations to mitigate business risks and enhance sustainability and competitiveness in a challenging market environment[22].
鸿伟亚洲(08191) - 2024 Q1 - 季度财报