Financial Performance - For the three months ended June 30, 2019, the group's revenue was approximately HKD 22.6 million, an increase from approximately HKD 21.4 million for the same period in 2018, primarily due to the commencement of a maintenance project[12] - The gross profit for the same period was approximately HKD 3.7 million, a decrease from approximately HKD 6.7 million in the prior year, mainly due to increased labor and material costs[12] - The net profit attributable to the owners of the company for the three months ended June 30, 2019, was approximately HKD 0.1 million, down from approximately HKD 3.3 million for the same period in 2018, attributed to rising labor, material costs, and administrative expenses[12] - The basic earnings per share for the three months ended June 30, 2019, was HKD 0.02, compared to HKD 0.93 for the same period in 2018[13] - The group recorded a pre-tax profit of HKD 0.127 million for the three months ended June 30, 2019, down from HKD 4.0 million in the same period of 2018[13] - Profit for the period decreased from approximately HKD 3.3 million for the three months ended June 30, 2018, to approximately HKD 0.1 million for the three months ended June 30, 2019, attributed to increases in wages, material costs, and administrative expenses[44] Expenses and Costs - Administrative expenses increased to HKD 3.4 million for the three months ended June 30, 2019, from HKD 2.6 million in the same period of the previous year[13] - The cost of sales increased from approximately HKD 14.7 million for the three months ended June 30, 2018, to approximately HKD 18.9 million for the same period in 2019, an increase of about HKD 4.2 million, mainly due to rising wages and material costs[37] - Administrative expenses increased by approximately 30.4% from HKD 2.6 million for the three months ended June 30, 2018, to HKD 3.4 million for the three months ended June 30, 2019, primarily due to increased legal and professional fees, depreciation, and director remuneration[41] - Financing costs rose by approximately 151.2% from HKD 84,000 for the three months ended June 30, 2018, to HKD 211,000 for the three months ended June 30, 2019, mainly due to increased bank borrowings[42] Equity and Shareholder Information - The total equity attributable to the owners of the company as of June 30, 2019, was approximately HKD 78.8 million, an increase from HKD 78.7 million as of March 31, 2019[16] - Directors hold a collective 69.75% interest in the company through controlled entities, with Mr. Ha and Mr. Yip each holding 334,800,000 shares[59] - Major shareholder Junsheng Holdings Limited holds 334,800,000 shares, representing 69.75% of the company's equity[65] - Other significant shareholders include Yu Wing Limited with 25,200,000 shares, accounting for 5.25% of the equity[65] Dividends and Tax - The board did not recommend the payment of dividends for the three months ended June 30, 2019, consistent with the same period in 2018[24] - No dividends were recommended for the three months ended June 30, 2019, consistent with the previous period[50] - The income tax expense for the three months ended June 30, 2019, was HKD 10, a significant decrease from HKD 660 for the same period in 2018[23] Future Outlook and Business Focus - The company has indicated a focus on expanding its maintenance project capabilities to drive future revenue growth[12] - The group focuses on civil engineering projects, primarily in road and highway maintenance, with a service expansion into civil engineering since 2013[30] - The board believes that becoming a listed company will enhance the group's visibility and provide a solid foundation for future expansion[31] Audit and Compliance - The audit committee, established on September 21, 2018, consists of three independent non-executive directors and has reviewed the financial performance in accordance with applicable accounting standards[71] - The financial performance for the three months ending June 30, 2019, has not been audited but reviewed by the audit committee members[71] - The compliance advisor, Pulse Capital Limited, has no relevant interests in the group that require disclosure under GEM listing rules[68] Other Information - The group has not identified any significant changes in the business or regulatory environment that would pose major risks as of June 30, 2019[32] - The company has not reported any new product developments or market expansions in the provided documents[70] - There are no directors or their close associates holding interests in any competing businesses[67] - The company has adopted a share option scheme, but no options were granted or exercised during the three months ended June 30, 2019[55] - The group does not face significant foreign exchange risks as its business activities are primarily conducted in Hong Kong and denominated in HKD[51] - No significant events occurred after June 30, 2019, up to the report date[45] - The report is dated August 13, 2019, indicating the financial performance is for the second quarter of 2019[73]
广骏集团控股(08516) - 2020 Q1 - 季度财报