Financial Performance - Revenue for the three months ended March 31, 2021, amounted to approximately HK$19.9 million, representing an increase of approximately 39.2% compared to HK$14.3 million for the same period in 2020[10] - Net loss for the period was approximately HK$5.5 million, a decrease of HK$2.1 million from a net loss of approximately HK$7.6 million for the corresponding period in 2020[10] - Basic and diluted loss per share was approximately HK0.56 cents, improved from approximately HK0.69 cents in 2020[10] - Total comprehensive loss for the period was approximately HK$5.7 million, compared to HK$8.0 million for the same period in 2020[12] - Operating loss for the period was approximately HK$4.1 million, a reduction from HK$6.5 million in the previous year[12] - Gross profit for the three months ended March 31, 2021, was approximately HK$4.5 million, up from HK$3.4 million in 2020[12] - Other income and net gains for the period were approximately HK$0.4 million, compared to HK$0.2 million in 2020[12] - Revenue increased by approximately HK$5.6 million or 39.2% from approximately HK$14.3 million for the period ended 31 March 2020 to approximately HK$19.9 million for the Reporting Period[54] - The loss attributable to owners of the Company for the Reporting Period was HK$5.7 million, compared to a loss of HK$7.0 million for the same period in 2020[40] - Net loss attributable to owners of the Company decreased by approximately HK$1.3 million from approximately HK$7.0 million in PE2020 to approximately HK$5.7 million in the Reporting Period[68] Revenue Breakdown - Revenue from concrete demolition services decreased to HK$10,791,000, down 22.8% from HK$13,907,000 in the previous year[25] - Revenue from manufacturing and trading of prefabricated construction components significantly increased to HK$9,114,000, compared to HK$380,000 in the same period last year[25] - Revenue from concrete demolition services decreased by HK$3.1 million from HK$13.9 million for the period ended 31 March 2020 to HK$10.8 million for the Reporting Period, primarily due to delays caused by the Covid-19 pandemic[58] - Revenue from prefabricated construction services increased significantly from HK$0.38 million in the previous period to HK$9.1 million in the Reporting Period[56] - Revenue from prefabricated construction increased by HK$8.7 million from HK$0.4 million in PE2020 to HK$9.1 million in the Reporting Period, largely due to a very low comparison base from last year's lockdown measures in China[61] Expenses and Costs - Administrative and other operating expenses decreased to approximately HK$8.9 million from HK$10.2 million in the previous year[12] - Staff costs, including directors' remuneration, rose to HK$8,406,000, an increase of 6.8% from HK$7,869,000 in the previous year[30] - Depreciation of property, plant, and equipment decreased to HK$1,097,000 from HK$1,699,000, reflecting a reduction of 35.5%[30] - Depreciation of right-of-use assets was HK$897,000, down from HK$1,534,000, a decrease of 41.5%[30] - General and administrative expenses decreased by approximately HK$1.3 million from approximately HK$10.2 million in PE2020 to approximately HK$8.9 million in the Reporting Period, mainly due to reduced operating expenses in Hong Kong and consultancy fees[67] Dividends and Shareholder Information - The Board does not recommend the payment of a dividend for the three months ended March 31, 2021[10] - The Group did not recommend the payment of a dividend for the three months ended 31 March 2021, consistent with the previous year[35] - Huang Cheng holds 188,620,000 shares, representing 18.66% of the total shareholding[77] - Zhu Zhou holds 129,000,000 shares, representing 12.76% of the total shareholding[77] - The Company did not purchase, sell, or redeem any of its listed securities during the Reporting Period[79] - No share options were granted, exercised, lapsed, or cancelled during the Reporting Period[89] Governance and Compliance - The Audit Committee has reviewed the unaudited consolidated financial statements for the Reporting Period[91] - The Company complied with the Corporate Governance Code, with one exception regarding insurance cover for Directors[83] - All Directors confirmed compliance with the required standards of conduct for securities transactions during the Reporting Period[84] - There were no competing interests reported by the Directors during the Reporting Period[78] - The Company will review the need for insurance cover for Directors periodically[83] Market Outlook and Risks - The Group is exploring opportunities in the overseas market for prefabricated construction, particularly in countries along the Belt and Road, despite delays due to the ongoing Covid-19 pandemic[51] - The Group believes that the prefabricated construction business has returned to pre-coronavirus levels, although there is a lack of strong supportive policy stances from Chinese authorities for further growth acceleration[62] - The foundation of China's economic recovery appears unstable due to rising domestic financial risks and external uncertainties, including growing tensions with Western countries[62] - The Group maintains a high degree of vigilance against unpredictable developments that could adversely affect its business[62] - The vaccination rate in Hong Kong remains low, leading to a cautious outlook on the return of construction operations to normal levels[60] - The Group's performance is influenced by the ongoing uncertainties related to the COVID-19 pandemic and its impact on the construction industry[62]
朝威控股(08059) - 2021 Q1 - 季度财报