Financial Performance - The company reported revenue of HKD 115,290,000 for the three months ended March 31, 2021, representing an increase of 32.5% compared to HKD 86,981,000 in the same period of 2020[6]. - The operating profit for the period was HKD 1,086,000, compared to a loss of HKD (31,000) in the previous year, indicating a significant turnaround[6]. - The net profit for the period was HKD 1,055,000, marking a recovery from the previous year's loss[6]. - The total comprehensive income for the period amounted to HKD 755,000, compared to a loss in the previous year[6]. - The company’s basic and diluted earnings per share were HKD 0.13 for the period[6]. - Revenue from property management services rose from approximately HKD 87.0 million in 2020 to about HKD 115.3 million in 2021, marking an increase of 32.4%[35]. - The net profit for the period was approximately HKD 1.1 million in 2021, compared to a net loss of about HKD 0.3 million in 2020, indicating a significant turnaround[39]. Employee Expenses - Employee benefits expenses increased to HKD (95,586,000) from HKD (82,679,000), reflecting a rise of approximately 15.4% year-over-year[6]. - Employee benefits expenses increased from approximately HKD 82.7 million in 2020 to about HKD 95.6 million in 2021, representing a growth of 15.0%[36]. - The total employee benefits expenses included salaries, pensions, and share-based payments, with significant contributions from new contracts awarded in 2020[36]. Equity and Shareholding - The total equity as of March 31, 2021, was HKD 133,610,000, an increase from HKD 111,399,000 at the end of the previous year[7]. - R5A Group Limited holds 491,440,000 shares, representing approximately 61.43% of the company's issued share capital[49]. - Major shareholders include Tan Hui Jie with 55.23%, Song Li Ming with 16.28%, He Zhu Ming with 13.96%, and Deng Jiang Fu with 12.79%[50]. - Wu Fu Hua is the beneficial owner of 41,850,000 shares, accounting for about 5.23% of the company's issued share capital[45]. - As of March 31, 2021, no other directors or key executives were known to have any other interests or short positions in the company's shares[53]. Corporate Governance - The company has complied with all corporate governance codes as per GEM listing rules without any deviations[58]. - There were no known conflicts of interest involving directors or major shareholders as of March 31, 2021[57]. - The company has confirmed that no violations of the standard code of conduct occurred among directors during the reporting period[59]. - The audit committee consists of independent non-executive directors, ensuring governance and oversight of the financial reporting process[64]. Operational Developments - The company has not reported any new product developments or market expansions during this period[6]. - There were no significant mergers or acquisitions reported in the current financial period[6]. - The company has outsourced security and cleaning services for two managed estates since July 2020, impacting related expenses[21]. - The cost of cleaning materials decreased from approximately HKD 1.7 million in 2020 to about HKD 1.5 million in 2021, a reduction of 11.8%[37]. - Other operating expenses increased from approximately HKD 2.8 million in 2020 to about HKD 3.4 million in 2021, reflecting a rise of 21.4%[38]. Tax and Dividends - The deferred tax expense related to temporary differences was HKD 31,000 in 2021, compared to a credit of HKD 63,000 in 2020[27]. - The company does not propose any dividend for the period ending March 31, 2021, consistent with the previous year[32]. Audit and Reporting - The financial data for the three months ending March 31, 2021, has not been audited by the company's auditors[64]. - The audit committee has reviewed the unaudited consolidated results and believes they comply with applicable accounting standards and GEM listing rules[64]. - The report will be published on the GEM website and the company's website for at least seven days from the publication date[66].
雅居投资控股(08426) - 2021 Q1 - 季度财报