Financial Performance - Revenue for the three months ended December 31, 2020, was HKD 33,101,000, an increase of 24.4% compared to HKD 26,548,000 for the same period in 2019[7]. - Gross profit for the nine months ended December 31, 2020, was HKD 9,309,000, up from HKD 8,929,000 in the same period of 2019, reflecting a growth of 4.3%[7]. - The company reported a loss attributable to owners of the company of HKD 378,000 for the three months ended December 31, 2020, compared to a loss of HKD 4,013,000 for the same period in 2019, indicating a significant improvement[7]. - The total comprehensive loss for the nine months ended December 31, 2020, was HKD 6,257,000, a decrease from HKD 6,260,000 in the same period of 2019[7]. - The company experienced a decrease in finance costs, reporting HKD 368,000 for the three months ended December 31, 2020, compared to HKD 600,000 in the same period of 2019[7]. - The company’s loss before tax for the three months ended December 31, 2020, was HKD 2,784,000, an improvement from HKD 3,991,000 in the same period of 2019[7]. - The group reported a total of HKD 90,575,000 in revenue for the nine months ended December 31, 2020, compared to HKD 74,698,000 in the same period of 2019, showing a year-on-year growth of approximately 21%[81]. - The group recorded a loss attributable to owners of approximately HKD 2.8 million for the nine months ended December 31, 2020, compared to a loss of approximately HKD 6.3 million for the same period in 2019[186]. Revenue Breakdown - Total revenue for the nine months ended December 31, 2020, was HKD 90,575,000, an increase from HKD 74,698,000 in the same period of 2019, representing a growth of approximately 21%[81]. - Construction contract revenue for the three months ended December 31, 2020, was HKD 32,316,000, compared to HKD 26,448,000 in the same period of 2019, reflecting a growth of about 22%[80]. - The total revenue from Hong Kong for the nine months ended December 31, 2020, was HKD 88,458,000, up from HKD 72,591,000 in the same period of 2019, marking an increase of around 22%[81]. - The group’s construction contract income for the nine months ended December 31, 2020, was HKD 88,458,000, compared to HKD 64,137,000 in the same period of 2019, representing a growth of approximately 38%[81]. - Machinery leasing revenue for the nine months ended December 31, 2020, was HKD 2,117,000, a significant increase from HKD 10,561,000 in the same period of 2019, indicating a recovery trend[81]. - The group’s machinery leasing income for the three months ended December 31, 2020, was HKD 785,000, compared to HKD 100,000 in the same period of 2019, indicating a substantial increase[80]. Expenses and Costs - The company’s administrative expenses for the three months ended December 31, 2020, were HKD 3,726,000, slightly down from HKD 3,842,000 in the same period of 2019[7]. - Administrative expenses for the nine months ended December 31, 2020, were approximately HKD 11.4 million, an increase of about 8.4% from HKD 10.5 million in the same period of 2019[192]. - The cost of sales for the nine months ended December 31, 2020, was approximately HKD 81.3 million, up about 23.6% from HKD 65.8 million in the same period of 2019[189]. - The gross profit for the nine months ended December 31, 2020, was approximately HKD 9.3 million, an increase of about 4.3% from HKD 8.9 million in the same period of 2019, with a gross margin decrease from approximately 12.0% to 10.3%[191]. Government Support - The group received approximately HKD 3,952,000 in funding support from the Hong Kong government's anti-epidemic fund to retain employees during the subsidy period[167]. Strategic Focus - The company plans to focus on project selection and cost control in response to the challenging industry outlook due to COVID-19[187]. - The group aims to enhance its operational capabilities and efficiency in foundation and site leveling works through investments in human resources and information systems[187]. - The group will continue to seek additional qualifications and enrich its financial resources to bid for suitable projects as a foundation contractor[187]. Shareholder Information - As of December 31, 2020, Mr. Tang Gui Liang held 187,000,000 shares, representing approximately 20.78% of the company's ordinary shares[196]. - As of December 31, 2020, Mr. Xu Guan You held 183,000,000 shares, representing approximately 20.33% of the company's ordinary shares[196]. - Mr. Tang is the sole director of C3J Development Limited, which he legally owns entirely[197]. - Mr. Xu is the sole director of Heng Tai Enterprises Limited, which he legally owns entirely[198]. - The company has disclosed the interests and short positions of its directors and key executives in accordance with the Securities and Futures Ordinance[196]. Dividends - The company did not recommend any dividend for the nine months ended December 31, 2020, consistent with no dividend for the same period in 2019[181]. - The board of directors did not recommend the payment of dividends for the nine months ended December 31, 2020, consistent with the previous year[194]. Other Information - The group has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2020, with no significant impact on the financial statements[79]. - The company has no new product or technology developments mentioned in the provided documents[195]. - There are no specific future outlooks or performance guidance provided in the documents[195]. - No market expansion or acquisition strategies were detailed in the provided content[195].
中国新消费集团(08275) - 2021 Q3 - 季度财报