Financial Performance - For the three months ended June 30, 2020, the group reported revenue of HKD 37,860,000, a decrease of 4.2% from HKD 39,513,000 in the same period of 2019[4] - The group incurred a loss before tax of HKD 1,789,000, compared to a loss of HKD 1,128,000 in the same period of 2019, representing a 58.5% increase in losses[4] - The basic and diluted loss per share for the period was HKD 0.22, compared to HKD 0.14 in the same period of 2019, indicating a 57.1% increase in loss per share[4] - Other income for the three months ended June 30, 2020, was HKD 2,463,000, down from HKD 2,895,000 in the same period of 2019, reflecting a decrease of 14.8%[21] - The group reported a gross loss of HKD 1,653,000 for the period, compared to a gross loss of HKD 964,000 in the same period of 2019, indicating a 71.5% increase in gross losses[4] - The total comprehensive loss attributable to owners of the company for the period was HKD 1,789,000, compared to HKD 1,117,000 in the same period of 2019, representing a 60.0% increase[4] - The gross loss for the period was approximately HKD 1,700,000, with a gross loss margin of about 4.4%, compared to a gross loss of HKD 1,000,000 and a gross loss margin of 7.4% in the same period of 2019[36] - The total loss attributable to equity holders of the company was approximately HKD 1,800,000, an increase from HKD 1,100,000 in 2019, primarily due to the increase in gross loss[40] Assets and Shareholder Information - The group’s total assets as of June 30, 2020, were HKD 82,525,000, unchanged from the previous year[9] - The company has 600,000,000 shares held by China Huarong Asset Management Co., Ltd., representing 75% of the total issued shares as of June 30, 2020[52] - Freeman Union Limited holds 63,660,000 shares, which accounts for 7.96% of the total issued shares[55] - The company has a total of 800,000,000 issued shares as of June 30, 2020, which is the basis for calculating ownership percentages[55] - There were no potential dilutive ordinary shares outstanding as of June 30, 2020, making the diluted loss per share equal to the basic loss per share[29] - The weighted average number of ordinary shares used to calculate the basic loss per share was 800,000,000[28] Expenses and Costs - Financing costs for the period were HKD 242,000, slightly down from HKD 247,000 in the same period of 2019, showing a decrease of 2.0%[24] - Administrative expenses decreased by approximately HKD 400,000 or 16.2% to HKD 2,400,000 for the period, down from HKD 2,800,000 in the same period of 2019[39] Corporate Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with financial reporting and internal control systems[68] - The company has adhered to the corporate governance code as per GEM listing rules during the reporting period[65] - The financial reporting procedures and internal control systems were reviewed and deemed compliant with applicable accounting standards and regulations[68] Business Strategy and Market Conditions - The company did not recommend any dividend payment for the three months ended June 30, 2020, consistent with the previous year[30] - The company experienced a stable performance despite adverse market conditions, including social unrest and delays in government approvals for large infrastructure projects[36] - The management believes that the public construction market will begin to improve, leveraging the experienced management team and good market reputation[36] - The company will continue to implement appropriate business strategies to survive in a challenging business environment[36] Stock Options and Securities - The company has not granted any stock options under the stock option plan adopted on July 6, 2015[61] - There were no purchases, sales, or redemptions of the company's securities during the relevant period[64] - The company has established a pledge of 600,000,000 shares as collateral for a loan to Steel Dust[52] - There are no other individuals or entities with recorded interests in the company's shares, aside from directors and key executives[59]
中国红包(08316) - 2021 Q1 - 季度财报