Financial Performance - For the three months ended September 30, 2021, the company's revenue was HKD 48,443,000, an increase from HKD 44,529,000 in the same period of 2020, representing an increase of 4.3%[6] - The gross profit for the nine months ended September 30, 2021, was HKD 15,878,000, compared to HKD 14,654,000 for the same period in 2020, reflecting an increase of 8.4%[6] - The net loss for the three months ended September 30, 2021, was HKD 835,000, compared to a profit of HKD 4,903,000 in the same period of 2020[6] - The total comprehensive loss for the nine months ended September 30, 2021, was HKD 3,812,000, compared to a loss of HKD 994,000 for the same period in 2020[6] - Revenue increased from approximately HKD 127.7 million for the nine months ended September 30, 2020, to approximately HKD 136.4 million for the nine months ended September 30, 2021, representing a growth of about 6.8%[34] - Direct costs rose from approximately HKD 113.0 million for the nine months ended September 30, 2020, to approximately HKD 120.5 million for the nine months ended September 30, 2021, an increase of about 6.6%[35] - Gross profit increased from approximately HKD 14.7 million to approximately HKD 15.9 million for the same periods, with gross profit margins remaining stable at around 11.5% and 11.6% respectively[38] - The group reported a loss of approximately HKD 3.8 million for the nine months ended September 30, 2021, an increase of about HKD 2.8 million compared to the same period in 2020[45] Administrative and Operational Expenses - The company's administrative expenses for the three months ended September 30, 2021, were HKD 7,088,000, an increase from HKD 6,509,000 in the same period of 2020[6] - Administrative expenses decreased by approximately HKD 2.1 million or 7.8% from about HKD 20.6 million to approximately HKD 18.5 million for the nine months ended September 30, 2020, and 2021[39] - The employee costs for the nine months ended September 30, 2021, were approximately HKD 32.3 million, compared to HKD 35.5 million for the same period in 2020[56] Equity and Borrowings - The total equity as of September 30, 2021, was HKD 78,203,000, down from HKD 82,015,000 as of January 1, 2021[11] - The total borrowings as of September 30, 2021, amounted to approximately HKD 37.1 million, up from HKD 36.4 million as of December 31, 2020, resulting in a debt-to-equity ratio increase from approximately 44.3% to 48.6%[46] - The group maintains a stable current ratio of approximately 1.6 times as of both December 31, 2020, and September 30, 2021[46] Market and Project Developments - The company secured 64 new projects with a total contract value of approximately HKD 136 million during the nine months ended September 30, 2021[29] - The company aims to expand its market share in RMAA and cathodic protection projects to strengthen its competitive position[33] - The company has not disclosed any new product developments or market expansion strategies in the current report[6] COVID-19 Response - The company has taken measures to monitor and respond to the challenges posed by the COVID-19 pandemic, including establishing a crisis management team and providing protective equipment to staff[33] - Other income decreased from HKD 6.3 million to HKD 0.2 million, primarily due to the termination of government subsidies related to the COVID-19 pandemic[40] Governance and Compliance - The company has established an audit committee in compliance with the GEM Listing Rules, consisting of three independent non-executive directors[87] - The company has adhered to the corporate governance code as per GEM Listing Rules during the reporting period[81] - There were no conflicts of interest reported among directors or major shareholders as of September 30, 2021[78] - The company has not reported any violations of the securities trading regulations by directors during the nine months ended September 30, 2021[82] Dividends and Securities - The company does not recommend the payment of dividends for the nine months ended September 30, 2021[22] - No dividends were recommended for the nine months ended September 30, 2021[83] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2021[79] - There were no stock options granted during the relevant period, and no unexercised stock options as of September 30, 2021[85] - The company has not issued any stock options since the adoption of the stock option plan on June 4, 2018[84] Staffing - The group employed a total of 110 staff as of September 30, 2021, down from 120 employees as of December 31, 2020[56]
圣唐控股(08305) - 2021 Q3 - 季度财报