Workflow
CHI HO DEV(08423) - 2022 Q1 - 季度财报
CHI HO DEVCHI HO DEV(HK:08423)2021-08-13 13:26

Financial Performance - The Group reported revenue of HKD 67,639,000 for the three months ended June 30, 2021, representing a 32.2% increase from HKD 51,157,000 in the same period of 2020[5]. - Gross profit for the same period was HKD 9,502,000, up 77.5% from HKD 5,359,000 year-on-year[5]. - The Group's profit before tax increased to HKD 4,931,000, a 76.2% rise compared to HKD 2,796,000 in the previous year[5]. - Total comprehensive income for the period was HKD 4,238,000, compared to HKD 2,522,000 in the same quarter of 2020, marking a 67.8% increase[5]. - Basic earnings per share for the quarter were HKD 0.53, up from HKD 0.32 in the prior year, reflecting a 65.6% increase[5]. - The company's total revenue increased from approximately HKD 51.2 million for the three months ended June 30, 2020, to approximately HKD 67.6 million for the same period in 2021, representing an increase of about HKD 16.4 million or 32.0%[23]. - The net profit attributable to the company's owners increased from approximately HKD 2.5 million to approximately HKD 4.2 million, an increase of about HKD 1.7 million or 68.0%[32]. Expenses and Costs - The Group's administrative expenses increased to HKD 3,707,000 from HKD 3,213,000 in the same period last year, reflecting a 15.4% rise[5]. - The cost of sales rose from approximately HKD 45.8 million to approximately HKD 58.1 million, an increase of about HKD 12.3 million or 26.9%[24]. - Administrative expenses rose from approximately HKD 3.2 million to approximately HKD 3.7 million, an increase of about HKD 0.5 million or 15.6%[29]. - Financing costs remained relatively stable, with a slight increase to HKD 473,000 from HKD 467,000 year-on-year[5]. - The Group's income tax expense for the period was HKD 693,000, compared to HKD 274,000 in the previous year, indicating a significant increase due to higher profits[18]. - Income tax expenses increased from approximately HKD 0.3 million to approximately HKD 0.7 million, a rise of about HKD 0.4 million or 133.3%[31]. Shareholder Information - As of June 30, 2021, Sharp Talent and Diamondfield each hold 533,000,000 shares, representing a combined ownership of 66.6% of the company's issued share capital[42]. - Mr. Liang and Mr. Ho are recognized as concert parties, continuing their status as concert parties since the agreement dated November 11, 2016[42]. - The company did not recommend any interim dividend for the three months ended June 30, 2021[50]. - The Group did not declare an interim dividend for the three months ended June 30, 2021, consistent with the previous year[19]. - No share options were granted during the review period, and there were no unexercised share options as of June 30, 2021[51]. Corporate Governance - The company has established an audit committee to oversee the appointment and independence of external auditors, consisting of three independent non-executive directors[52]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2021[54]. - The company has complied with the corporate governance code as per GEM Listing Rules, with the roles of chairman and CEO currently held by Mr. Liang[47]. - No directors or major shareholders have any competing businesses or interests that conflict with the company's operations as of June 30, 2021[45]. - The company has not disclosed any interests or short positions in shares or related securities by any directors or senior management as of June 30, 2021[43]. Operational Insights - The company anticipates that the number of properties to be constructed and maintained in Hong Kong will remain a key driver for the growth of the RMAA and renovation industry[35]. - The company has implemented action plans to mitigate supply chain disruptions caused by the pandemic, including close communication with material suppliers and temperature checks for workers before entering construction sites[33]. - The management team believes that the company's experience and reputation will position it favorably against competitors in the industry[35]. - The company reported no financing costs for the periods ended June 30, 2020, and June 30, 2021, maintaining approximately HKD 0.5 million in financing costs[30]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the period ended June 30, 2021[46].