Financial Performance - The Group's revenue slightly increased from approximately HK$30.4 million for the three months ended 30 June 2020 to approximately HK$31.0 million for the same period in 2021[9]. - The Group's gross profit rose by 8.3% from approximately HK$10.9 million for the three months ended 30 June 2020 to approximately HK$11.8 million for the same period in 2021, with a gross profit margin increase from 35.8% to 38.0%[10]. - The Group's profit decreased from approximately HK$4.8 million for the three months ended 30 June 2020 to approximately HK$3.8 million for the same period in 2021[11]. - The operating profit for the three months ended 30 June 2021 was approximately HK$4.6 million, down from approximately HK$5.5 million in the same period of 2020[15]. - Profit before income tax for the three months ended 30 June 2021 was approximately HK$4.5 million, compared to approximately HK$5.4 million for the same period in 2020[15]. - The total comprehensive income for the period attributable to owners of the Company was approximately HK$3.7 million for the three months ended 30 June 2021, down from approximately HK$4.7 million in the same period of 2020[17]. - Earnings per share attributable to owners of the Company decreased from 0.78 HK cents to 0.62 HK cents for the three months ended 30 June 2021[17]. - The profit for the period was HK$3,723,298, compared to HK$4,704,873 in the previous year, indicating a decrease of 20.8%[20]. - The total comprehensive income for the period was HK$3,723,272, down from HK$4,704,940 in the same period last year[20]. - Basic earnings per share decreased to HK$0.62 for the three months ended 30 June 2021, down from HK$0.78 in the same period of 2020[56]. Revenue Breakdown - Revenue from customers in Hong Kong and Macau for the same period was HK$25,365,034 and HK$5,622,609 respectively, with the latter showing a significant increase of 106.5% from HK$2,718,173 in 2020[36]. - Revenue from customers in Hong Kong amounted to HK$25,365,034 for the three months ended 30 June 2021, compared to HK$27,669,588 in 2020, indicating a decrease of approximately 8.4%[38]. - Revenue from customers in Macau increased to HK$5,622,609 for the three months ended 30 June 2021, up from HK$2,718,173 in 2020, reflecting a growth of approximately 106.4%[38]. Expenses and Liabilities - General and administrative expenses rose to approximately HK$5.3 million for the three months ended 30 June 2021, compared to approximately HK$5.0 million in the same period of 2020[15]. - Impairment loss on trade and retention receivables increased by approximately HK$1.6 million, from approximately HK$447,000 in Q1 2020 to approximately HK$2.0 million in Q1 2021[75]. - Income tax expense for the Group was approximately HK$699,000 for the three months ended June 30, 2021, compared to approximately HK$643,000 in 2020[82]. - The estimated average annual income tax rate increased to approximately 15.6% for the financial year, compared to approximately 11.9% in 2020[40]. - The Group recognized lease liabilities to related parties of approximately HK$495,000 as of 30 June 2021, an increase from approximately HK$119,000 in 2020[66]. Dividend and Shareholder Information - The Board does not recommend the payment of an interim dividend for the three months ended 30 June 2021, compared to no dividend in the same period of 2020[11]. - The Board does not recommend the payment of dividends for the three months ended 30 June 2021, consistent with the previous year[43]. - The Company did not purchase, sell, or redeem any of its shares during the three months ended June 30, 2021[122]. - Mr. Kwong holds a beneficial interest of 64.34% in the Company through Sage City Investments Limited, which he owns 70%[1]. - Mr. Yip Kong Lok, an executive Director and CEO, holds a beneficial interest of 30% in Sage City[2]. - As of June 30, 2021, no other Directors or the CEO had any interests or short positions in the shares of the Company or associated corporations[4]. - The Company has conditionally adopted a share option scheme, but no share options have been granted since its adoption[124]. - Since the adoption of the share option scheme on September 24, 2016, no share options have been granted, and there were no outstanding share options as of June 30, 2021[127]. Corporate Governance and Compliance - The Company has complied with the Corporate Governance Code for the three months ended June 30, 2021[117]. - There were no competing interests reported by the Directors or controlling shareholders during the three months ended June 30, 2021[116]. - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial results for the three months ended June 30, 2021[130]. - The primary duties of the Audit Committee include overseeing internal control and risk management systems of the Group[129]. Future Outlook and Strategy - The Group anticipates challenges due to market and economic uncertainty affecting the local property market and rising labor and material costs, which may weaken financial performance in the coming years[88]. - Key strategies for future growth include seeking potential business opportunities, expanding market share in specialized sectors, and enhancing operational efficiency[89]. - The Group maintained a healthy liquidity position throughout the reporting period, closely monitoring liquidity risks[90]. Company Operations - The company operates primarily in Hong Kong, with almost all non-current assets located there[36]. - The company is engaged in providing engineering services and sales of flooring materials, indicating a focus on market expansion in these sectors[24]. - The Group's business is primarily focused on the Hong Kong car park flooring industry, providing flooring services, ancillary services, and sales of flooring materials[68]. - The Group's capital expenditure is primarily incurred in Hong Kong, with substantially all non-current assets located there[38]. - The financial information presented is unaudited but has been reviewed by the audit committee, ensuring a level of oversight and accuracy[29].
邝文记(08023) - 2022 Q1 - 季度财报