Financial Performance - For the three months ended June 30, 2020, the group's revenue was approximately HKD 11.4 million, a decrease of 49% compared to HKD 22.6 million for the same period in 2019[10] - The gross loss for the three months ended June 30, 2020, was approximately HKD 1.6 million, compared to a gross profit of HKD 3.7 million for the same period in 2019[10] - The net loss attributable to owners of the company for the three months ended June 30, 2020, was approximately HKD 5.1 million, compared to a net profit of HKD 0.1 million for the same period in 2019[10] - Total revenue for the three months ended June 30, 2020, was HKD 11,387,000, a decrease of 49.5% compared to HKD 22,551,000 for the same period in 2019[21] - The company reported a loss of HKD 5,078,000 for the three months ended June 30, 2020, compared to a profit of HKD 117,000 in the same period of 2019[29] - The net loss for the three months ended June 30, 2020, was approximately HKD 5.1 million, down from a profit of approximately HKD 0.1 million for the same period in 2019[45] Revenue and Cost Analysis - The decrease in revenue was primarily due to the completion of four maintenance projects and one civil engineering project, as well as the negative impacts of social unrest and the COVID-19 outbreak[10] - Revenue from maintenance engineering was HKD 11,387,000, while civil engineering revenue was HKD 0, compared to HKD 19,391,000 and HKD 3,160,000 respectively in 2019[21] - The cost of sales decreased from approximately HKD 18.9 million to approximately HKD 13.0 million, a reduction of about 31.2%[38] - The gross loss for the three months ended June 30, 2020, was approximately HKD 1.6 million, compared to a gross profit of approximately HKD 3.7 million for the same period in 2019, resulting in a gross margin of -14.3%[39] Expenses and Financing - Administrative expenses for the three months ended June 30, 2020, were approximately HKD 3.4 million, slightly down from HKD 3.4 million for the same period in 2019[11] - Financing costs increased to HKD 431,000 for the three months ended June 30, 2020, compared to HKD 211,000 for the same period in 2019[11] - Financing costs increased by approximately 104.3% from HKD 211,000 to HKD 431,000 due to increased bank and other borrowings[43] Shareholder Information - The company did not recommend any dividend payment for the three months ended June 30, 2020, consistent with the same period in 2019[28] - As of June 30, 2020, the company reported that Mr. Xia and Mr. Ye each hold 201,300,000 shares, representing 41.94% of the company's equity[59] - The company’s major shareholders include Junsheng Holdings Limited, which holds 201,300,000 shares (41.94%), and Li Bin, who holds 90,000,000 shares (18.75%)[64] - The company has a collective control of 69.75% of the voting rights in the company, held by Mr. Xia, Mr. Ye, and Junsheng Holdings[61] Compliance and Governance - The company’s financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and applicable GEM Listing Rules[17] - The audit committee, established on September 21, 2018, reviewed the unaudited financial results for the three months ending June 30, 2020, and found them compliant with applicable accounting standards[70] - The company’s compliance advisor, Pulse Capital, has no interests related to the group that require disclosure under GEM listing rules[67] - The company’s board of directors includes Mr. Xia, Mr. Ye, and Mr. Han, along with independent non-executive directors[72] Market Conditions - The overall economic downturn in Hong Kong contributed to the decline in project progress and the number of tenders in the industry[10] - The group submitted four tenders for civil engineering projects, awaiting results expected around September 2020[32] Other Information - The company did not incur any current tax expense for the three months ended June 30, 2020, as there was no estimated profit[26] - The company has not purchased, sold, or redeemed any shares during the three months ending June 30, 2020[58] - The company has disclosed no other individuals with significant interests in its shares or related securities as of the report date[65] - The company has not indicated any new product developments or market expansions in the provided documents[70] - There are no reported interests from directors or their close associates in any competing businesses[66]
广骏集团控股(08516) - 2021 Q1 - 季度财报