Financial Performance - For the first quarter of 2023, the company reported revenue of HKD 49,554,000, a decrease of 39.8% compared to HKD 82,127,000 in the same period of 2022[6] - The gross profit for the first quarter of 2023 was HKD 9,710,000, representing a significant increase of 153.5% from HKD 3,837,000 in the previous year[6] - The company incurred a loss before tax of HKD 7,666,000, an improvement of 36.5% compared to a loss of HKD 12,133,000 in Q1 2022[6] - The net loss for the first quarter of 2023 was HKD 7,693,000, which is a 41.1% reduction from HKD 13,208,000 in the same quarter of the previous year[6] - The basic loss per share for Q1 2023 was HKD 0.93, compared to HKD 1.90 in Q1 2022, indicating a decrease in loss per share by 51.0%[6] - The net loss attributable to the company's owners for the three months ended March 31, 2023, was approximately HKD 6.5 million, a reduction of about 50.6% from a net loss of approximately HKD 13.2 million in the same period last year[39] Revenue Sources - Revenue from OEM customers accounted for 59.3% of total revenue in Q1 2023, slightly down from 60.8% in Q1 2022, while revenue from retail distributors increased to 40.7% from 37.3%[14] - The electronic products business generated approximately HKD 49.6 million in revenue, down approximately 38.5% from HKD 80.6 million in the same period last year[27] Expenses and Costs - Administrative expenses rose to HKD 14,588,000 in Q1 2023, compared to HKD 12,296,000 in Q1 2022, reflecting an increase of 18.7%[6] - Administrative expenses increased to approximately HKD 14.6 million from approximately HKD 12.3 million in the same period last year, primarily due to increased rental expenses for production facilities in mainland China[35] - The group incurred finance costs of approximately HKD 800,000, an increase from HKD 196,000 in the same period last year, due to new debt raised since the second quarter of the previous fiscal year[37] Other Income and Tax - The company reported other income of HKD 801,000 in Q1 2023, down from HKD 1,392,000 in the same period last year[6] - The group recorded other income of approximately HKD 801,000, a decrease of about 42.5% from approximately HKD 1.4 million in the same period last year[33] - The group recorded income tax expenses of approximately HKD 27,000, a significant decrease from approximately HKD 1.1 million in the same period last year[38] Business Strategy and Outlook - The company continues to focus on its core business segments, including sales of connection products and comprehensive construction services, while exploring opportunities in financial services[14] - The financial services business is still in its early stages and did not generate any revenue for the three months ended March 31, 2023[30] - The first financial quarter of 2023 marks a historical moment with the normalization of the economy post-COVID-19 and the reopening of China's borders, reflecting positive results driven by favorable factors[40] - The company has demonstrated a significant outlook with increased demand for electronic products and services as consumer confidence recovers[40] - The board is confident that the positive impact will extend to other business segments within the group[40] - The commitment to innovation and customer-centric strategies has enhanced the company's competitive position, preparing it for continued success[40] Dividends - The group did not declare any dividends for the period, consistent with the previous year[19]
新华联合投资(08159) - 2024 Q1 - 季度财报