Basic financial data
| 2023 Quarterly Report | 2022 Quarterly Report | Increase/decrease this year compared to last year (%) | 2021 Quarterly Report | |
| Basic earnings per share (HK$) | -0.01 | -0.02 | 50 | -0.01 |
| Dividend per share (yuan) | - | - | 0 | - |
| Net profit (ten thousand Hong Kong dollars) | -1069.90 | -1692.20 | 36.77 | -420.40 |
| Turnover (ten thousand Hong Kong dollars) | 4221.70 | 4330.30 | -2.51 | 5700.90 |
| Cash flow per share (HKD) | - | - | 0 | - |
| Net assets per share (HK$) | - | - | 0 | - |
2. Dividend distribution plan
no dividends
3. Business review and outlook
Principal Activities: The Company and its subsidiaries (the 'Group') are principally engaged in the production and trading of books and paper products.
Results for the reporting period: The revenue generated by the Group mainly comes from the provision of printed materials to Hong Kong printing brokers in overseas markets and international publishers mainly located in the United States, the United Kingdom, Australia and Europe (excluding the United Kingdom). Revenue decreased by approximately 2.5% from approximately HK$43.3 million for the three months ended 31 March 2022 to approximately HK$42.2 million for the three months ended 31 March 2023. The decrease was mainly due to the decrease in sales orders due to the overall uncertainty of the global economy.
Business Review for the Reporting Period: The Group is a Hong Kong print brokerage and international publisher mainly located in the United States of America ('United States'), the United Kingdom ('UK'), Australia and Europe (excluding the United Kingdom) for customers in overseas markets. supplier. The company's products mainly include books and other paper products. Paper and ink are the main raw materials of the Group. The company's two production bases are the Shenzhen factory and the Hong Kong factory. These factories are the self-owned printing production divisions of the Group, and they share the printing workload assigned by the management. The Group's revenue decreased by approximately 2.5% from approximately HK$43.3 million for the three months ended March 31, 2022 to approximately HK$42.2 million for the three months ended March 31, 2023, due to the increase in interest rates and the war between Russia and Ukraine The deterioration made the overall global economy uncertain and led to a decrease in sales orders. The Group recorded a net loss of approximately HK$10.7 million for the three months ended March 31, 2023, and approximately HK$16.9 million for the three months ended March 31, 2022, mainly due to gross Interest rates improved, and machinery sales gains and foreign exchange gains were recorded for the three months ended March 31, 2023.
The company has adopted a strategy of diversifying its existing business segments. On April 21, 2023, the company entered into a sale and purchase agreement, pursuant to which the company conditionally agreed to purchase 13% of the entire registered share capital of the target company at a consideration of RMB 1,050,000, which will be issued by issuing 31,120,000 consideration shares (equivalent to Afterwards, approximately 3.74% of the company's issued share capital enlarged by allotment and issuance of consideration shares).
