Financial Performance - Revenue for the three months ended July 31, 2021, was approximately HKD 15.5 million, a decrease of about 62.1% compared to HKD 41.0 million for the same period in 2020[6] - Loss attributable to equity holders for the same period was approximately HKD 1.0 million, a reduction of about 20% from a loss of HKD 1.3 million in 2020[6] - Basic and diluted loss per share for the three months ended July 31, 2021, was approximately HKD 0.44, compared to HKD 0.78 for the same period in 2020[6] - For the three months ended July 31, 2021, the net loss was approximately HKD 1.0 million, a decrease from a net loss of approximately HKD 1.3 million for the same period in 2020, primarily due to reduced gross profit, employee costs, and professional fees[16] - The company reported a loss before tax of HKD 1,004,000, an improvement from a loss of HKD 1,217,000 in the previous year[32] - For the three months ended July 31, 2021, the company reported a loss attributable to equity holders of HKD 1,004 million, compared to a loss of HKD 1,255 million for the same period in 2020, indicating a 20% improvement in loss[54] Cost Management - Gross profit for the three months ended July 31, 2021, was approximately HKD 0.6 million, down from HKD 0.7 million, while gross margin increased from approximately 1.7% to 3.9%[13] - Direct costs decreased by approximately 63.0% to HKD 14.9 million for the three months ended July 31, 2021, from HKD 40.3 million in the previous year[13] - Administrative expenses were approximately HKD 1.3 million, a decrease of about 52.1% from HKD 2.7 million for the same period in 2020[14] - Other income and losses for the three months ended July 31, 2021, resulted in a loss of approximately HKD 0.3 million, compared to income of HKD 0.9 million in 2020, primarily due to a reduction in government subsidies[15] - Other income and losses totaled HKD (269,000), a significant decrease from HKD 861,000 in the prior year[32] - Administrative expenses were reduced to HKD 1,279,000 from HKD 2,671,000, indicating a cost-cutting effort[32] Dividend Policy - The board does not recommend the payment of an interim dividend for the three months ended July 31, 2021[7] - The company did not recommend the payment of an interim dividend for the three months ended July 31, 2021, compared to no dividend in 2020[25] - The company did not recommend the payment of an interim dividend for the three months ended July 31, 2021, consistent with no dividend declared in 2020[53] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules, with the roles of Chairman and CEO held by the same individual, which the board believes provides strong and consistent leadership[23] - The audit committee reviewed the unaudited financial statements for the three months ended July 31, 2021, and confirmed compliance with applicable accounting standards and GEM Listing Rules[31] - The company confirmed that all directors adhered to the required standards of conduct regarding securities trading during the reporting period[24] - The company has no interests or short positions in any competing businesses as confirmed by its directors and their close associates[21] Market Expansion - The company is actively seeking to expand its business into other markets in the Asia-Pacific region, including Japan, Thailand, and Singapore[9] - The company plans to enhance its competitive advantages in the Hong Kong construction industry while focusing on site formation and renovation projects[9] Share Information - As of July 31, 2021, the total number of unexercised share options was 41,600,000, with specific allocations to various directors and employees[28] - The weighted average number of ordinary shares for the three months ended July 31, 2021, was 230,400 thousand shares, an increase from 160,000 thousand shares in the same period of 2020[54] Customer Information - Major customers included Customer C with revenue of HKD 3,034,000 and Customer D with HKD 10,937,000 for the current period[45] - The company did not report any revenue from customers exceeding 10% of total revenue in the current period[45] Taxation - The current tax expense for the three months ended July 31, 2021, was nil, compared to HKD 38 million for the same period in 2020[51] - The company operates under a two-tier profits tax system, with a tax rate of 8.25% on the first HKD 2 million of profits and 16.5% on profits exceeding that amount[52]
泰锦控股(08321) - 2022 Q1 - 季度财报