Financial Performance - For the three months ended July 31, 2021, WLS Holdings Limited reported revenue of HKD 52,670,000, a 62.9% increase from HKD 32,299,000 in the same period of 2020[5]. - Gross profit for the same period was HKD 20,130,000, compared to HKD 16,135,000 in 2020, reflecting a growth of 24.7%[5]. - The profit before tax for the period was HKD 45,769,000, a significant increase from a loss of HKD 516,000 in the previous year[5]. - The net profit attributable to shareholders was HKD 44,083,000, compared to a loss of HKD 2,965,000 in the same period last year[5]. - Basic earnings per share from continuing operations was HKD 0.305, compared to a loss per share of HKD 0.022 in 2020[5]. - Total comprehensive income for the period was HKD 44,199,000, compared to a loss of HKD 3,843,000 in the previous year[8]. - The company reported other income of HKD 264,000 for the period, down from HKD 1,067,000 in the same period of 2020[5]. Revenue Sources - Contract revenue from scaffolding, renovation, and other ancillary services increased significantly, contributing to the overall revenue growth[40]. - The scaffolding and construction services segment generated revenue of approximately HKD 38,900,000, an increase of about HKD 19,000,000 compared to the same period in 2020, due to securing 28 new construction contracts during the reporting period[41]. - The lending business recorded revenue of approximately HKD 13,100,000, up from HKD 11,900,000 in the same period last year, with loan principal amounts ranging from HKD 200,000 to HKD 25,000,000 and interest rates between 7.0% and 40.5%[46]. - The asset management business recorded revenue of approximately HKD 683,000 during the reporting period[49]. Business Strategy and Operations - WLS Holdings Limited continues to focus on its core business areas, including construction and scaffolding services, lending, and asset management[14]. - The company secured 28 new construction contracts in the reporting period, significantly up from 12 contracts in the same period of the previous year[53]. - The company actively developed the rental business for suspended working platforms, achieving a stable number of new contracts in a competitive local market[45]. - The company adjusted its business strategy to lower construction contract prices to win more new contracts amid increased competition due to the pandemic[53]. - The company has expanded its renovation services to include ceiling works, receiving positive feedback from clients[44]. Asset Management and Investments - The company recognized a fair value gain of HKD 7,497,000 on financial assets measured at fair value through profit or loss, compared to a loss of HKD 5,607,000 in the previous year[20]. - The investment portfolio achieved a fair value gain of approximately HKD 7,800,000, compared to a fair value loss of approximately HKD 5,600,000 in the previous year, primarily due to the upward trend in the Hong Kong stock market[47]. - The company completed the sale of a subsidiary for a total consideration of HKD 76,000,000, along with related loan income of HKD 2,000,000[21]. - The net cash inflow from the sale of the subsidiary was HKD 66,919,000 after deducting transaction costs[32]. Expenses and Costs - The operating and administrative expenses for the period were HKD 9,328,000, slightly lower than HKD 9,880,000 in the previous year[5]. - Financing costs rose from approximately HKD 2,200,000 to approximately HKD 2,400,000[58]. Shareholder Information - Shareholder equity as of July 31, 2021, was approximately HKD 565,200,000, up from approximately HKD 521,400,000 on April 30, 2021[60]. - The company did not recommend any dividend distribution for the three months ended July 31, 2021[38]. - As of July 31, 2021, Dr. Su Ru Cheng holds 3,320,000 shares, representing approximately 0.05% of the company's issued share capital[72]. - Ms. Li Wan Wei holds 6,640,000 shares, also representing approximately 0.05% of the company's issued share capital[72]. - Mr. Jiang Jin Hong owns 1,778,000 shares, which is approximately 0.01% of the company's issued share capital[72]. - Mr. Su Hong Jin possesses 800,000 shares, accounting for approximately 0.01% of the company's issued share capital[72]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated first-quarter results for the three months ending July 31, 2021[87]. - The company has complied with the GEM Listing Rules regarding the conduct of securities transactions by directors[80]. - The company maintains the required public float as per GEM Listing Rules[83]. - The company has established a clear written terms of reference for its audit committee, outlining its powers and responsibilities[85]. - The company has adhered to the corporate governance code as per GEM Listing Rules, with some deviations noted[84].
汇隆控股(08021) - 2022 Q1 - 季度财报