Financial Performance - For the three months ended December 31, 2020, the company's revenue was HKD 140,872,000, a decrease of 7.5% compared to HKD 152,564,000 for the same period in 2019[4] - For the nine months ended December 31, 2020, the company's revenue increased to HKD 432,724,000, representing an increase of 10% from HKD 393,551,000 in the same period of 2019[4] - The gross profit for the three months ended December 31, 2020, was HKD 19,185,000, down 23.2% from HKD 24,961,000 in 2019[4] - The net profit for the nine months ended December 31, 2020, was HKD 25,951,000, which is an increase of 98.5% compared to HKD 13,097,000 for the same period in 2019[4] - The basic and diluted earnings per share for the nine months ended December 31, 2020, was HKD 4.33, compared to HKD 2.18 for the same period in 2019, reflecting a 98.2% increase[4] - The group recorded revenue of approximately HKD 432,724,000 for the reporting period, an increase of about HKD 39,173,000 or 10.0% compared to HKD 393,551,000 in the same period of 2019[33] - The group recorded a net profit attributable to shareholders of approximately HKD 25,951,000, an increase of about 98.1% compared to HKD 13,097,000 in the same period of 2019[39] Revenue Breakdown - The revenue from street cleaning solutions for the nine months ended December 31, 2020, was HKD 311,689,000, an increase of 14.6% from HKD 272,063,000 in 2019[14] - The revenue from building cleaning solutions decreased to HKD 64,215,000 for the nine months ended December 31, 2020, down from HKD 69,591,000 in 2019, a decline of 7.1%[14] Equity and Shareholding - The company reported a total equity of HKD 98,843,000 as of December 31, 2020, up from HKD 71,927,000 as of December 31, 2019[6] - As of December 31, 2020, Mr. Huang Chuang Cheng, Mr. Huang Wan Cheng, and Mr. Huang Zhi Hao each hold 369,000,000 shares, representing 61.50% of the company's equity[42] - Wan Cheng Global Holdings Limited and Li Hang Investment Limited each hold 175,500,000 shares, accounting for 29.25% of the company's equity[45] - The total number of shares held by Mr. Huang Wan Cheng includes 175,500,000 shares from Li Hang Investment Limited and 193,500,000 shares as a concert party with Mr. Huang Chuang Cheng and Mr. Huang Zhi Hao[46] - Mr. Huang Zhi Hao's total shareholding of 369,000,000 shares includes 18,000,000 shares from Jun Cheng Investment Limited and 351,000,000 shares as a concert party with Mr. Huang Wan Cheng and Mr. Huang Chuang Cheng[46] Expenses and Costs - Total employee costs increased to HKD 338,306,000 for the nine months ended December 31, 2020, compared to HKD 305,274,000 in the same period of 2019, reflecting a growth of 10.8%[20] - Interest expenses on bank loans decreased to HKD 721,000 for the nine months ended December 31, 2020, down from HKD 696,000 in the same period of 2019[18] - The total financing costs for the nine months ended December 31, 2020, were HKD 1,618,000, a decrease from HKD 1,828,000 in the same period of 2019[18] - Administrative expenses increased from approximately HKD 33,790,000 to about HKD 38,281,000, an increase of about HKD 4,491,000[37] - Financing costs decreased by approximately HKD 210,000 or 11.5% from about HKD 1,828,000 to approximately HKD 1,618,000[38] Other Income and Government Support - The company reported a total of HKD 12,333,000 in other income for the nine months ended December 31, 2020, compared to HKD 420,000 in the same period of 2019[16] - Other income rose significantly from approximately HKD 420,000 to about HKD 12,333,000, mainly due to government subsidies related to pandemic response and employment support totaling approximately HKD 12,139,000[36] - Government subsidies for epidemic prevention amounted to HKD 2,340,000 for the nine months ended December 31, 2020[16] Corporate Governance - The company is committed to maintaining high standards of corporate governance and transparency to protect shareholder interests[50] - The audit committee consists of three independent non-executive directors, ensuring oversight of the financial reporting process[56] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[49] - The company has not granted any stock options under the stock option plan as of December 31, 2020[54] - The company confirms that it has sufficient public float, complying with the minimum public float requirement of 25% under the GEM Listing Rules[55] Business Strategy - The company continues to focus on providing environmental cleaning solutions, including street cleaning, building cleaning, and waste management services[8] - The company continues to seek new business opportunities to strengthen its market leadership in the cleaning industry[25] - The group plans to seek new government contracts through another subsidiary to mitigate the impact of the suspension of bidding for cleaning service contracts[32] - The group aims to explore new business opportunities from various government departments and private organizations to expand its customer base and generate further revenue[32] - The group will continue to pursue diversified investment opportunities to maximize shareholder returns[32] Financial Review - The financial results are unaudited and have been reviewed by the company's audit committee[12] - The deferred tax expense for the nine months ended December 31, 2020, was a credit of HKD 59,000, compared to a charge of HKD 102,000 in the same period of 2019[19]
万成环球控股(08309) - 2021 Q3 - 季度财报