Financial Performance - The group's revenue for the nine months ended December 31, 2020, was approximately HKD 180.7 million, a decrease of about 9.4% compared to HKD 199.4 million for the same period in 2019[4] - Profit attributable to the owners of the company increased by approximately HKD 1.3 million or 31.9% to about HKD 5.5 million during the period[4] - The basic earnings per share for the period was approximately HKD 1.73, compared to HKD 1.31 for the same period last year[4] - The gross profit for the nine months was HKD 8.2 million, down from HKD 13.2 million in the previous year, reflecting a decrease in gross margin[7] - The company reported a net profit of HKD 5.5 million for the nine months, compared to HKD 4.2 million in the previous year[7] - The pre-tax profit for the nine months ended December 31, 2020, was HKD 19,438,000, a decrease of 11.4% compared to HKD 21,937,000 for the same period in 2019[28] - The total comprehensive income attributable to the company's owners increased by approximately 31.9% from about HKD 4.2 million to approximately HKD 5.5 million[50] Revenue Breakdown - The group's revenue from renovation projects for the nine months ended December 31, 2020, was HKD 133,764,000, a 98.2% increase compared to HKD 67,411,000 for the same period in 2019[18] - The revenue from refurbishment projects for the nine months ended December 31, 2020, was HKD 46,975,000, a 64.4% decrease compared to HKD 131,972,000 for the same period in 2019[18] - Revenue from renovation projects increased to approximately HKD 133.7 million, up about 98.4% from approximately HKD 67.4 million in the previous period, mainly due to three large renovation projects[42] - Revenue from refurbishment projects decreased to approximately HKD 47.0 million, down about 64.4% from approximately HKD 132.0 million, primarily due to the completion of major projects in the previous fiscal year[42] Cost Management - The company experienced a decrease in service costs from HKD 186.1 million to HKD 172.5 million, indicating improved cost management[7] - Administrative expenses for the nine months were HKD 10.3 million, slightly down from HKD 10.9 million in the previous year[7] - The total labor cost for the nine months ended December 31, 2020, was HKD 23,807,000, a decrease of 5.0% compared to HKD 25,074,000 for the same period in 2019[29] - The group's gross profit decreased from approximately HKD 13.2 million to about HKD 8.2 million, a decline of approximately 37.9% due to reduced revenue and cost overruns on large renovation projects[44] Other Income and Expenses - Total other income for the nine months ended December 31, 2020, was HKD 7,723,000, an increase of 145.5% compared to HKD 3,148,000 for the same period in 2019[20] - Other income and net other gains or losses increased from approximately HKD 3.1 million to about HKD 7.7 million, an increase of approximately 148.4%, mainly due to increased government subsidies and consulting fees[46] - The income tax expense decreased significantly from approximately HKD 999,000 to about HKD 43,000, a decline of approximately 95.7%[49] - The group's financing costs decreased from approximately HKD 228,000 to about HKD 104,000, a reduction of approximately 54.4% due to lower bank loan interest[48] Dividend and Shareholding - The board did not recommend the payment of an interim dividend for the period[4] - The company did not recommend an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[33] - As of December 31, 2020, Advance Goal holds 214,400,000 shares, representing 67% of the company's issued share capital[67] - Active Achievor Limited, fully owned by Zheng, holds 19,200,000 shares, accounting for 6% of the company's issued share capital[67] - No other individuals were reported to hold 5% or more of the company's shares as of December 31, 2020[70] Future Plans and Focus - The company is focused on expanding its renovation and refurbishment services, which are key segments of its operations[16] - The company plans to continue focusing on the development of large-scale high-end renovation projects in the future[40] Compliance and Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency[12] - The audit committee, established on January 19, 2018, is responsible for reviewing financial statements and overseeing risk management[76]
快意智能(08040) - 2021 Q3 - 季度财报