Financial Performance - The Group's revenue for the nine months ended December 31, 2020, was approximately HK$176.1 million, representing an increase of approximately HK$16.0 million or approximately 10.0% compared to HK$160.1 million for the same period in 2019[19]. - The gross profit for the nine months ended December 31, 2020, amounted to approximately HK$49.1 million, up from approximately HK$44.9 million in 2019[19]. - The net profit for the nine months ended December 31, 2020, was approximately HK$26.2 million, significantly higher than approximately HK$10.9 million in 2019[20]. - The financial highlights indicate a positive trend in revenue and profit growth, reflecting the Group's operational effectiveness and market position[19]. - Future outlook remains optimistic, with expectations for continued revenue growth and profitability improvements[19]. - The Group's financial stability is reinforced by its improved profit margins and overall financial performance compared to the previous year[19]. - Profit before tax surged to HK$29,454,000, a significant increase of 122% from HK$13,252,000 in the previous year[24]. - Profit attributable to owners of the Company for the period was HK$26,228,000, compared to HK$10,878,000 in the same period last year, marking an increase of 141%[24]. - Basic earnings per share increased to HK6.62 cents, up from HK2.72 cents in the previous year, reflecting a growth of 143%[24]. - The Group's income tax expense for the nine months ended December 31, 2020, was HK$3,226,000, compared to HK$2,374,000 in 2019, an increase of 35.9%[59]. Revenue Breakdown - For the nine months ended December 31, 2020, the Group's revenue from E&M engineering solutions and services was HK$138,263,000, an increase from HK$132,860,000 in the same period of 2019, representing a growth of approximately 4.2%[48]. - The revenue from E&M engineering maintenance services increased to HK$28,540,000 from HK$23,536,000, reflecting a growth of approximately 21.4% year-on-year[48]. - Revenue from E&M engineering design and fabrication services rose significantly to HK$8,305,000 from HK$2,797,000, marking an increase of approximately 196.5%[48]. - Revenue from E&M Engineering Solutions and Services related to Transportation Mission Critical System Solutions was HK$47,925,000, accounting for 27.2% of total revenue, compared to 20.9% in 2019[77]. - Revenue from Other E&M Engineering Solutions and Services was HK$90,338,000, which constituted 51.3% of total revenue, down from 62.1% in 2019[77]. - E&M Engineering Design and Fabrication Services revenue increased to HK$8,305,000, representing 4.7% of total revenue, compared to 1.7% in 2019[77]. - E&M Engineering Maintenance Services generated revenue of HK$28,540,000, which was 16.3% of total revenue, up from 14.7% in 2019[77]. Operational Efficiency and Strategy - The Group continues to focus on enhancing its operational efficiency to sustain growth in a competitive market environment[19]. - The increase in revenue and profit margins may indicate successful strategies in market expansion and product offerings[19]. - The Group's performance in the third quarter suggests a robust recovery and potential for future growth in the upcoming quarters[19]. - The Group has been exploring business opportunities in electric vehicle charging facilities, with several tenders submitted for government car parks[83]. - The Group submitted 272 tenders and quotations during the nine months ended December 31, 2020, an increase from 252 in 2019, with 107 contracts awarded[79]. Dividend and Shareholder Information - The Board does not recommend a payment of an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[20]. - The Board did not recommend the payment of any dividend for the nine months ended December 31, 2020[63]. - As of December 31, 2020, Mr. Luk Kam Ming holds 157,000,000 shares, representing approximately 39.25% of the company's shareholding[115]. - Mr. Luk Kwai Lung has an interest in a controlled corporation with 138,000,000 shares, accounting for approximately 34.50% of the company's shareholding[115]. - Mr. Luk Yin Cheung holds 138,600,000 shares through a controlled corporation, which is about 34.65% of the company's shareholding[115]. - The shareholding structure indicates significant family ties among major shareholders, impacting control and decision-making within the company[125]. - The total number of shares held by substantial shareholders reflects a concentrated ownership structure, which may influence corporate governance and strategic direction[121]. Corporate Governance and Compliance - The company has established an audit committee in compliance with GEM Listing Rules, ensuring proper financial oversight[106]. - The company has adhered to the corporate governance code as per GEM Listing Rules throughout the reporting period[104]. - The condensed consolidated financial information has not been audited but has been reviewed by the Company's audit committee, ensuring a level of oversight[40]. - The financial data presented is unaudited, highlighting the preliminary nature of the reported figures[48]. - The company confirmed that no directors or chief executives had any undisclosed interests or short positions in shares as of December 31, 2020[116]. Share Option Scheme - The company granted 9,800,000 share options under the Share Option Scheme, with an estimated fair value of approximately HK$1,057,000[132]. - The exercise price for the options is set at HK$0.259, while the share price at the grant date was HK$0.250[134]. - The total number of shares that can be granted under the Share Option Scheme is capped at 40,000,000 shares, representing 10% of the total shares issued[128]. - The options must be accepted within three business days from the date of offer, with a payment of HK$10 upon acceptance[128]. - The Share Option Scheme will remain in force for 10 years from the date of listing unless terminated earlier by shareholders[131]. - The vesting period for the options ranges from January 2, 2020, to June 30, 2021, with exercise periods extending to January 1, 2025[137]. - The total number of options granted to employees is 6,800,000, with varying vesting and exercise periods[137]. - The company aims to incentivize directors and employees based on their contributions to the group's development and growth[128].
高萌科技(08065) - 2021 Q3 - 季度财报