Financial Performance - The Group's revenue decreased to approximately HK$72.0 million, representing a decline of 21.4% compared to HK$91.6 million for the same period in 2018[13] - The Group's gross profit decreased by approximately HK$5.0 million, or 18.9%, from approximately HK$26.5 million for the nine months ended 31 December 2018 to approximately HK$21.5 million for the same period in 2019[13] - The Group's profit decreased from approximately HK$9.8 million for the nine months ended 31 December 2018 to approximately HK$3.9 million for the same period in 2019[13] - The operating profit for the nine months ended 31 December 2019 was approximately HK$4.77 million, down from HK$11.79 million in the same period of 2018[17] - Profit before income tax for the nine months ended 31 December 2019 was approximately HK$4.53 million, compared to HK$11.56 million for the same period in 2018[17] - The profit for the period decreased to approximately HK$3.88 million for the nine months ended 31 December 2019, down from HK$9.75 million in 2018[17] - Total comprehensive income for the nine months ended 31 December 2019 was HK$3,947,449, compared to HK$9,754,350 for the same period in 2018, indicating a significant decline of 59.6%[20] - The Company reported a profit of HK$3,950,352 for the nine months ended 31 December 2019, down from HK$9,754,350 in the previous year, a decrease of 59.6%[24] Dividends and Shareholder Returns - The Board does not recommend the payment of an interim dividend for the nine months ended 31 December 2019, compared to no dividend in 2018[13] - The Company declared a dividend of HK$4,200,000 during the nine months ended 31 December 2019[24] - The company does not recommend the payment of an interim dividend for the nine months ended 31 December 2019, consistent with the previous year where no dividend was paid[143] Revenue Breakdown - Revenue for the nine months ended 31 December 2019 was HK$71,994,863, a decrease of 21.4% compared to HK$91,612,136 for the same period in 2018[58] - Revenue from customers in Hong Kong was HK$65,153,818 for the nine months ended 31 December 2019, down 18.3% from HK$79,658,422 in 2018[59] - Revenue from customers in Macau was HK$6,841,045 for the nine months ended 31 December 2019, a decrease of 42.5% compared to HK$11,953,714 in 2018[59] Earnings and Share Performance - Basic earnings per share for the nine months ended 31 December 2019 was HK$0.66, down 59.5% from HK$1.63 in 2018[72] - Earnings per share attributable to owners of the Company for the three months ended 31 December 2019 was HK$0.51, compared to HK$0.61 for the same period in 2018, representing a decrease of 16.4%[20] Cost and Expenses - The Group's cost of sales for the nine months ended 31 December 2019 was approximately HK$50.47 million, compared to HK$65.08 million for the same period in 2018[17] - Cost of flooring materials used for the nine months ended 31 December 2019 was HK$27,289,466, a decrease of 23.3% from HK$35,563,222 in 2018[77] - Subcontractor costs for the nine months ended 31 December 2019 were HK$19,506,351, down 27.8% from HK$26,883,987 in 2018[77] - Employee benefit expenses for the nine months ended 31 December 2019 were HK$10,775,944, an increase of 13.5% from HK$9,491,659 in 2018[77] - General and administrative expenses increased by approximately HK$1.3 million from approximately HK$14.7 million for the nine months ended 31 December 2018 to approximately HK$15.9 million for the nine months ended 31 December 2019[100] Accounting Policies and Standards - The Group's financial data is prepared in accordance with the Hong Kong Financial Reporting Standards and GEM Listing Rules[35] - The Group adopted new standards and amendments effective from April 1, 2019, including HKAS 19, HKAS 28, HKFRS 9, and HKFRS 16, with no material impact from most of these changes[40] - The transition to HKFRS 16 did not have any significant impact on the current or prior periods, except as disclosed[40] - The Group's accounting policies remain consistent with those of the consolidated financial statements for the year ended March 31, 2019, unless otherwise stated[36] Liquidity and Financial Management - The Group maintained a healthy liquidity position throughout the reporting period, adopting a prudent financial management approach towards its treasury policies[112] - The Group's liquidity structure is closely monitored by the Board to meet funding requirements[112] - The Group's treasury policies are designed to manage liquidity risk effectively[112] Future Outlook and Strategy - The Group plans to explore new business opportunities through existing networks and industry exhibitions to strengthen its market position[109] - The Group aims to expand its ancillary services, including specialized texture painting and waterproofing works, to enhance revenue streams[109] - Future opportunities and challenges will be influenced by the market and economic environment affecting the property market and construction schedules[108] - The Group will implement measures to control operational costs, including labor and material costs, to improve profitability[109] Shareholding and Corporate Governance - As of December 31, 2019, Mr. Kwong Chi Man held 381,018,000 shares, representing approximately 63.5% of the Company's shareholding[123] - Sage City Investments Limited, beneficially owned by Mr. Kwong, also holds 381,018,000 shares, equating to a 63.5% shareholding in the Company[130] - The company is owned 70% by Mr. Kwong and 30% by Mr. Yip, with Mr. Kwong serving as chairman and executive director[1] - The company has complied with the principles and applicable code provisions of the Corporate Governance Code since 1 September 2019[140] - There are no competing interests from directors or controlling shareholders that could affect the company's business as of 31 December 2019[135] - The company has confirmed that all directors have complied with the required standards of dealings in securities transactions during the nine months ended 31 December 2019[141]
邝文记(08023) - 2020 Q3 - 季度财报