Revenue Performance - The group's revenue increased from approximately HKD 24,000,000 for the three months ended June 30, 2018, to approximately HKD 28,600,000 for the three months ended June 30, 2019, representing a growth of 19.4%[6] - The company recorded revenue of approximately HKD 28,600,000 for the three months ended June 30, 2019, representing a 19.4% increase from approximately HKD 24,000,000 in the same period last year[44] - The total revenue from customers in Hong Kong and Macau was HKD 25,139,384 and HKD 3,455,997 respectively for the three months ended June 30, 2019[30] - The company’s revenue from flooring services was HKD 26,867,556 for the three months ended June 30, 2019, compared to HKD 23,132,182 in 2018[29] - The company’s revenue from supporting services was HKD 1,727,825 for the three months ended June 30, 2019, compared to HKD 817,977 in 2018[29] Profitability - The group's gross profit decreased by approximately HKD 940,000 or 12.9%, from approximately HKD 7,300,000 for the three months ended June 30, 2018, to approximately HKD 6,300,000 for the same period in 2019[6] - The group's net profit decreased from approximately HKD 2,200,000 for the three months ended June 30, 2018, to approximately HKD 306,000 for the same period in 2019[6] - The gross profit margin declined from 30.3% for the three months ended June 30, 2018, to 22.1% for the same period in 2019[6] - The operating profit for the three months ended June 30, 2019, was HKD 420,884, compared to HKD 2,569,997 for the same period in 2018[9] - The total comprehensive income for the three months ended June 30, 2019, was HKD 303,381, compared to HKD 2,239,646 for the same period in 2018[11] - The group's net profit significantly decreased from approximately HKD 2,200,000 to approximately HKD 306,000, attributed to the decline in gross profit margin and increased administrative expenses[51] Earnings Per Share - The basic and diluted earnings per share for the three months ended June 30, 2019, was HKD 0.05, down from HKD 0.37 for the same period in 2018[11] - The company’s earnings per share for the three months ended June 30, 2019, was HKD 0.05, compared to HKD 0.37 for the same period in 2018[36] Dividend Policy - The board of directors did not recommend the payment of an interim dividend for the three months ended June 30, 2019 (2018: none)[6] - The company did not recommend the distribution of dividends for the three months ended June 30, 2019[33] - No dividends were recommended for the interim period ending June 30, 2019, consistent with the previous year[73] Costs and Expenses - The company’s total costs for materials used amounted to HKD 12,468,885 for the three months ended June 30, 2019, compared to HKD 10,404,314 in 2018[37] - General and administrative expenses increased by approximately HKD 411,000 to approximately HKD 5,100,000, primarily due to employee costs and other administrative expenses[49] Financial Management - The company maintains a prudent financial management policy, ensuring a healthy liquidity position throughout the reporting period[54] - As of June 30, 2019, the group had no significant lease commitments or contingent liabilities[55] - The financial data presented is unaudited but has been reviewed by the company's audit committee[18] Corporate Governance - The company has complied with the GEM Listing Rules regarding corporate governance, except for a deviation in the separation of roles between the Chairman and CEO[68] - The board has decided to appoint Mr. Ye as the new CEO effective September 1, 2019, to focus on business operations and management[70] Future Outlook - Future opportunities and challenges will be influenced by property market developments, contractor schedules, and price competition in the parking lot paving market[53] - The group plans to explore new business opportunities through existing networks and industry exhibitions, particularly in Macau and China[53] - The group aims to expand its supporting services, including professional texturing and waterproofing projects[53] Impairment and Liabilities - The group recognized an impairment loss on trade receivables of approximately HKD 768,000 for the three months ended June 30, 2019, compared to none in the previous year[48] - The company recognized lease liabilities of approximately HKD 386,000 related to property leases as of June 30, 2019, following the adoption of HKFRS 16[42] Shareholding - Sage City holds a beneficial interest of 375,750,000 shares, representing 62.63% of the company's equity[63] - Li Chun Zhen, as the spouse of Mr. Kwan, is deemed to have an interest in all shares owned by Mr. Kwan, also totaling 375,750,000 shares or 62.63%[64] Share Transactions - The company has not purchased, sold, or redeemed any of its shares during the three months ending June 30, 2019[72]
邝文记(08023) - 2020 Q1 - 季度财报