Financial Performance - For the nine months ended December 31, 2022, the group's revenue was approximately HKD 28.6 million, an increase of 5.5% compared to HKD 27.1 million in the same period of 2021[1]. - The group reported a loss of approximately HKD 6.6 million for the nine months ended December 31, 2022, compared to a profit of approximately HKD 1.4 million in the same period of 2021[1]. - Total revenue for the nine months ended December 31, 2022, was approximately HKD 28.6 million, an increase of HKD 1.5 million or 5.5% compared to HKD 27.1 million in the same period last year[46]. - The total comprehensive loss attributable to the company's owners for the nine months ended December 31, 2022, was HKD 6.586 million, compared to a profit of HKD 1.364 million in the same period last year[36]. - The company reported a basic loss per share of HKD 1.34 for the nine months ended December 31, 2022, compared to a profit of HKD 0.30 per share in the previous year[42]. - The gross loss margin was approximately 0.1%, significantly lower than the gross profit margin of approximately 31.5% in the previous year, primarily due to low-profit margin projects[47]. - Administrative expenses for the nine months ended December 31, 2022, were HKD 7.306 million, an increase from HKD 6.701 million in the same period last year[42]. - Total administrative expenses for the period amounted to approximately HKD 7.3 million, an increase of HKD 0.6 million or 9% compared to HKD 6.7 million in the previous year, mainly due to higher compliance-related costs[55]. - The group recorded a net loss attributable to the company's owners of approximately HKD 6.6 million for the period, compared to a net profit of approximately HKD 1.4 million in the previous year, primarily due to increased direct project costs and administrative expenses[57]. - The group had no tax expenses for the period, as there were no estimated taxable profits, compared to HKD 64,000 in the previous year[56]. Business Strategy and Expansion - The group plans to expand its business coverage to mainland China and diversify into new energy-related services[1]. - The strategic direction aims to capture new market opportunities and provide satisfactory long-term returns to shareholders[1]. - The group intends to expand its range of construction-related services and new energy business when the timing is right[1]. - The group is focused on developing business opportunities with existing clients and those referred by them[1]. - The ability to achieve future goals depends on the group's capacity to attract professional talent[1]. Compliance and Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and comply with GEM listing rules[17]. - The company appointed Mr. Leung Chun Yip and Ms. Lam Yuen Man as independent non-executive directors and audit committee members on October 1, 2022, thus complying with GEM Listing Rules 5.05(1) and 5.28[79]. - The company published its audited performance and annual report on August 19, 2022, and has since complied with GEM Listing Rules 18.49 and 18.48A[80]. - The group's financial performance during the period was reviewed by the company's audit committee, which consists of three independent non-executive directors[82]. Financial Position and Liabilities - The company’s total equity as of April 1, 2022, was HKD 8.508 million, which decreased to HKD 1.922 million by December 31, 2022, due to accumulated losses[27]. - As of December 31, 2022, the group's net current liabilities were approximately HKD 2.9 million, down from a net current asset value of HKD 3.3 million as of March 31, 2022, with a current ratio of approximately 0.8 times[58]. - The group had no pledges with any Hong Kong financial institutions as of December 31, 2022, consistent with the previous year[51]. - The group has not identified any significant contingent liabilities as of December 31, 2022[59]. Risk Management - The company plans to mitigate risks by negotiating with subcontractors, reducing expenses, and closely monitoring the recoverability of receivables[44]. - The group faced minimal foreign exchange risk as its revenue and business costs are primarily denominated in HKD, and no financial instruments were used for hedging purposes[52]. - The group did not engage in any fundraising activities during the period[62]. Other Information - The company did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous year[35]. - The total employee and director remuneration for the period was approximately HKD 12.8 million, compared to HKD 13.5 million in the previous year[50]. - There were no significant events related to the group's business or financial performance noted after the reporting period[61].
中国来骑哦(08039) - 2023 Q3 - 季度财报