Financial Performance - The Group's revenue for the nine months ended December 31, 2018, was approximately HK$156.2 million, an increase of approximately HK$9.5 million or 6.5% compared to HK$146.7 million for the same period in 2017[19]. - Gross profit for the nine months ended December 31, 2018, amounted to approximately HK$46.5 million, up from approximately HK$40.6 million in 2017[19]. - The net profit for the nine months ended December 31, 2018, was approximately HK$12.5 million, a significant improvement from a net loss of approximately HK$6.0 million in 2017[20]. - Revenue for the nine months ended December 31, 2018, increased to HK$156,243,000, up 6.3% from HK$146,687,000 in the same period of 2017[24]. - Gross profit for the same period rose to HK$46,498,000, representing a 14.5% increase from HK$40,635,000 in 2017[24]. - Profit before taxation improved significantly to HK$15,017,000 compared to a loss of HK$4,147,000 in the previous year[24]. - Net profit attributable to owners of the Company for the period was HK$12,456,000, a turnaround from a loss of HK$5,967,000 in 2017[24]. - Basic earnings per share increased to 3.11 HK cents, compared to a loss of 1.49 HK cents per share in the prior year[24]. - The Group recorded a profit attributable to owners of approximately HK$12.5 million for the nine months ended December 31, 2018, compared to a loss of approximately HK$6.0 million in 2017[87]. Dividend Policy - The Board does not recommend an interim dividend for the nine months ended December 31, 2018, consistent with the previous year[20]. - The Group does not recommend the payment of any interim dividend for the nine months ended December 31, 2018[45]. - No interim dividend was recommended for the nine months ended December 31, 2018[93]. Business Segments - Revenue from E&M engineering solutions and services was HK$129,744,000, up from HK$123,584,000 in 2017[38]. - E&M engineering maintenance services revenue increased to HK$21,548,000, a 40.5% rise from HK$15,336,000 in the previous year[38]. - The Group's largest business segment, the E&M solutions and services division, contributed approximately 83.0% of total revenue for the nine months ended December 31, 2018[81]. - E&M Solutions and Services segment accounted for approximately 83.0% of the total revenue for the nine months ended 31 December 2018, with a subtotal of HK$129.7 million[79]. - The Group's operations are solely derived from E&M engineering solutions and services, focusing on automatic fare collection systems, electronic payment systems, and traffic control systems[39]. Share Options and Equity - The Company recognized share-based expenses of HK$745,000 during the period[27]. - Total equity attributable to owners of the Company increased to HK$137,004,000 as of December 31, 2018, from HK$120,048,000 in the previous year[27]. - The maximum number of shares for options under the Share Option Scheme is capped at 40,000,000, representing 10% of the total shares issued[55]. - A total of 9,200,000 share options were granted under the Share Option Scheme as of December 31, 2018[135]. - The exercise price for the share options was set at HK$0.385, with the closing price before the grant being HK$0.35[63]. - The subscription price for shares under the Share Option Scheme is determined by the Board and cannot be less than the highest of the closing price on the date of grant or the average closing prices for the preceding five business days[133]. - The Share Option Scheme will remain in force for 10 years from the Listing Date unless terminated earlier by shareholders[134]. Compliance and Governance - The Group's financial data is presented in compliance with the GEM Listing Rules, ensuring transparency and accuracy[5]. - The audit committee has reviewed the unaudited consolidated results for the nine months ended December 31, 2018, and found them to comply with applicable accounting standards[106]. - The company has established an audit committee in accordance with GEM Listing Rules to oversee financial reporting and compliance matters[106]. - The compliance adviser confirmed that it or its associates had no interests in the company's share capital[110]. Market Outlook - The Group's performance reflects a recovery from previous losses, indicating potential for future growth[20]. - The Group expects revenue from the modernization and upgrading of transportation systems to continue growing in both the short and long term due to expanding market opportunities[82]. - The report emphasizes the importance of careful consideration for investors due to the higher risks associated with companies listed on GEM[2]. Shareholding Structure - As of December 31, 2018, Mr. KM Luk holds 162,000,000 shares, representing approximately 40.5% of the company's shareholding[114]. - Mr. KL Luk has an interest in a controlled corporation with 138,000,000 shares, accounting for about 34.5% of the company's shareholding[114]. - Mr. YC Luk also has an interest in a controlled corporation with 138,600,000 shares, which is approximately 34.7% of the company's shareholding[114]. - Mr. CL Chan holds 4,000,000 shares, representing about 1.0% of the company's shareholding[114]. - As of December 31, 2018, KML Holdings held 138,000,000 shares, representing approximately 34.5% of the company's shareholding[120]. - Madam Leung, as a beneficial owner and spouse of Mr. KM Luk, held 162,000,000 shares, accounting for approximately 40.5% of the company's shareholding[120]. - Ms. Chan Patricia, as the spouse of Mr. KL Luk, was deemed to be interested in 138,000,000 shares, representing approximately 34.5% of the company's shareholding[120]. - Ms. Woo, as a beneficial owner and spouse of Mr. YC Luk, held 138,600,000 shares, which is approximately 34.7% of the company's shareholding[120]. Operational Highlights - The Group completed significant projects including the Supply and Installation of "Stop-and-go" e-Payment System and the Provision of over 400 units of Octopus-enabled kiosks[79]. - The Group plans to undertake future projects including Optical Fibre Backbones for various train control systems and Replacement of Smoke Curtains at specific lines[79]. - The Group was awarded over 140 projects during the reporting period, including the design and implementation of mobile payment for Taoyuan Metro and retrofitting about 1,000 ticket gates for Alipay HK[80]. Administrative Expenses - Administrative expenses rose by approximately 7.7% from approximately HK$29.8 million to approximately HK$32.1 million, mainly due to increased professional fees and staff costs[86].
高萌科技(08065) - 2019 Q3 - 季度财报