Financial Performance - For the nine months ended December 31, 2018, the group's revenue was approximately HKD 71.9 million, an increase from approximately HKD 58.8 million for the same period in 2017, primarily due to the launch of a new road management and maintenance project[11] - The gross profit for the nine months ended December 31, 2018, was approximately HKD 21.2 million, compared to approximately HKD 11.9 million for the same period in 2017, attributed to the increase in revenue[11] - The company recorded a net profit attributable to owners of approximately HKD 3.8 million for the nine months ended December 31, 2018, compared to a net loss of approximately HKD 1.1 million for the same period in 2017, mainly due to the increase in revenue[11] - For the three months ended December 31, 2018, the revenue was HKD 22.4 million, down from HKD 25.4 million for the same period in 2017[12] - The gross profit for the three months ended December 31, 2018, was HKD 6.95 million, compared to HKD 2.91 million for the same period in 2017[12] - The company reported an operating profit before tax of HKD 3.61 million for the three months ended December 31, 2018, compared to a loss of HKD 4.57 million for the same period in 2017[12] - Basic earnings per share for the nine months ended December 31, 2018, was HKD 0.96, compared to a loss per share of HKD 0.31 for the same period in 2017[12] - Total revenue for the nine months ended December 31, 2018, was HKD 71,875,000, an increase of 22.2% compared to HKD 58,788,000 for the same period in 2017[29] - The performance of the civil engineering segment generated revenue of HKD 57,200,000, up 19.7% from HKD 47,707,000 in the previous year[32] - The maintenance engineering segment reported revenue of HKD 14,675,000, an increase of 32.5% compared to HKD 11,081,000 for the same period in 2017[32] - The group achieved a profit before tax of HKD 5,942,000 for the nine months ended December 31, 2018, compared to a profit of HKD 85,000 for the same period in 2017[32] - Basic earnings per share for the nine months ended December 31, 2018, were HKD 3,785,000, compared to a loss of HKD 1,109,000 in the same period of 2017[39] Expenses and Costs - Administrative expenses increased to HKD 7.26 million for the nine months ended December 31, 2018, from HKD 4.65 million for the same period in 2017[12] - The company incurred financing costs of HKD 449,000 for the nine months ended December 31, 2018, compared to HKD 203,000 for the same period in 2017[12] - The group incurred administrative expenses of HKD 7,257,000 and listing expenses of HKD 7,311,000 during the reporting period[32] - Administrative expenses increased by approximately 56.1% from HKD 4.6 million to HKD 7.3 million, primarily due to higher employee costs and increased director remuneration[55] - Financing costs rose by approximately 121% from HKD 203,000 to HKD 449,000, mainly due to increased bank borrowings[57] Corporate Actions and Structure - The company completed a restructuring process prior to its listing, which included the issuance of shares and capital contributions from shareholders[24] - The company completed the acquisition of all shares of Guangjun Group on September 21, 2018, making it a wholly-owned subsidiary[27] - The restructuring process resulted in the company becoming the holding company of the group, which is now viewed as a continuing entity[27] - The company successfully listed on the GEM on October 15, 2018, marking a significant milestone in its history[45] - The company raised HKD 7,000,000 from an independent third party, Yu Wing Limited, for the issuance of 700 new ordinary shares[18] Shareholder Information - Mr. Xia and Mr. Ye each hold 334,800,000 shares, representing 69.75% of the company[75] - Mr. Liu holds 25,200,000 shares, representing 5.25% of the company[75] - The major shareholder, Junsheng Holdings Limited, holds 334,800,000 shares, representing 69.75% of the company[81] - The company has no other individuals with 5% or more equity interests as of the report date[82] Compliance and Governance - The company has complied with the corporate governance code principles and applicable provisions for the nine months ended December 31, 2018[69] - All directors confirmed full compliance with the securities trading code of conduct for the nine months ended December 31, 2018[70] - The Audit Committee was established on September 21, 2018, consisting of three independent non-executive directors[87] - The unaudited third-quarter results for the nine months ending December 31, 2018, have not been reviewed by the independent auditor but were reviewed by the Audit Committee members[87] - The Audit Committee believes that the financial performance complies with applicable accounting standards and GEM listing rules, with adequate disclosures made[87] Future Plans and Strategy - The company plans to continue expanding its project portfolio and exploring new business opportunities in the road management sector[11] - The company's market expansion strategy includes providing civil engineering and road maintenance services[19] - The net proceeds from the share offering were approximately HKD 23.5 million, intended for future plans as outlined in the prospectus[64] - The company submitted one new tender for civil engineering projects and two for maintenance projects, with one maintenance project bid accepted[44] Dividends - The company did not recommend any dividend payment for the nine months ended December 31, 2018[36] - The company did not declare any dividends for the nine months ended December 31, 2018[67] Financial Statements - The company’s financial statements were prepared in accordance with Hong Kong Financial Reporting Standards[19] - The company’s total equity of HKD 49,856,000 as of December 31, 2018, reflecting an increase from HKD 36,820,000 as of March 31, 2018[15] - The company’s total reserves included HKD 21,363,000 in retained earnings as of March 31, 2018[15] - The company’s share capital was reported at HKD 4,800,000 as of December 31, 2018[19] - The effective tax rate for the nine months ended December 31, 2018, was calculated at 16.5%[34] Other Information - The company has not identified any significant changes in its business or regulatory environment as of the report date[47] - There are no directors or their close associates with interests in any business that competes or may compete with the group[83] - The compliance advisor, Pulse Capital Limited, has no interests related to the group that need to be disclosed[86] - No share options were granted or exercised under the share option plan during the nine months ended December 31, 2018[71] - There were no purchases, sales, or redemptions of shares by the company or its subsidiaries during the nine months ended December 31, 2018[72]
广骏集团控股(08516) - 2019 Q3 - 季度财报