Financial Performance - For the nine months ended December 31, 2020, the group's revenue was approximately HKD 35.9 million, a decrease of 46.8% compared to HKD 67.5 million for the same period in 2019[10] - The gross profit for the nine months ended December 31, 2020, was approximately HKD 5.3 million, an increase from HKD 3.3 million for the same period in 2019, primarily due to a reduction in cost of sales[10] - The group recorded a loss of approximately HKD 3.9 million for the nine months ended December 31, 2020, an improvement from a loss of HKD 9.0 million for the same period in 2019, attributed to decreased cost of sales and administrative expenses[10] - For the three months ended December 31, 2020, the group's revenue was HKD 10.4 million, down from HKD 21.5 million in the same quarter of 2019, representing a decline of 51.5%[11] - The group reported a gross profit of HKD 2.9 million for the three months ended December 31, 2020, compared to a gross loss of HKD 4.2 million for the same period in 2019[11] - The total comprehensive loss for the nine months ended December 31, 2020, was HKD 3.87 million, an improvement from HKD 9.04 million for the same period in 2019[11] - The group incurred a pre-tax loss of HKD 3,851,000 for the nine months ended December 31, 2020, compared to a pre-tax loss of HKD 9,040,000 for the same period in 2019[23] - Revenue decreased from approximately HKD 67.5 million for the nine months ended December 31, 2019, to approximately HKD 35.9 million for the same period in 2020, a decline of about 31.6 million HKD[38] Administrative Expenses - Administrative expenses for the nine months ended December 31, 2020, were approximately HKD 9.97 million, down from HKD 12.09 million in the same period of 2019, reflecting a decrease of 17.5%[11] - Administrative expenses for the nine months ended December 31, 2020, were HKD 9,974,000, compared to HKD 12,087,000 in 2019, indicating a reduction of 17.4%[23] - Administrative expenses decreased by approximately 17.4% from about HKD 12.1 million in 2019 to about HKD 10.0 million in 2020, primarily due to reductions in legal and professional fees, employee costs, and other expenses[43] Financing Costs - The financing costs for the nine months ended December 31, 2020, were approximately HKD 1.29 million, compared to HKD 0.53 million for the same period in 2019, indicating an increase of 143.4%[11] - Financing costs for the nine months ended December 31, 2020, totaled HKD 1,289,000, an increase of 142.5% from HKD 531,000 in 2019[25] - Financing costs rose by approximately 160.0%, increasing from about HKD 0.5 million in 2019 to about HKD 1.3 million in 2020, attributed to increased bank and other borrowings[44] Shareholder Information - The group did not declare or propose any dividends for the nine months ended December 31, 2020, consistent with the same period in 2019[27] - The board did not recommend any dividends for the nine months ended December 31, 2020, consistent with the previous year[51] - As of December 31, 2020, Mr. Ha and Mr. Ye each held 201,300,000 shares, representing 41.94% of the company's equity[59] - The major shareholder, Junsheng Holdings Limited, holds 201,300,000 shares, also representing 41.94% of the company's equity[64] Corporate Governance - The company established an audit committee on September 21, 2018, consisting of three independent non-executive directors, to oversee financial reporting[70] - The unaudited financial information for the nine months ending December 31, 2020, was reviewed by the audit committee and deemed compliant with applicable accounting standards[70] - The board of directors includes independent non-executive directors, enhancing governance and oversight[71] - The company has adopted the GEM Listing Rules regarding mandatory trading standards, confirming compliance by all directors for the nine months ending December 31, 2020[54] - No directors or major shareholders have interests in any competing businesses[66] - The company has not disclosed any violations of trading standards or written guidelines by employees as of December 31, 2020[54] Business Operations - The company operates primarily in civil engineering and maintenance engineering related to road and highway infrastructure[22] - The civil engineering segment reported no revenue for the three months ended December 31, 2020, compared to HKD 8,490,000 in 2019[21] - Revenue from maintenance engineering for the three months ended December 31, 2020, was HKD 10,408,000, down from HKD 13,037,000 in 2019, representing a decline of 20.0%[21] - The civil engineering segment's performance was not reported due to no sales, while the maintenance engineering segment achieved a performance of HKD 5,333,000[23] - The company submitted four tenders for civil engineering projects, with one successfully accepted and three rejected, indicating ongoing efforts in project acquisition[33] Future Outlook - The company remains cautiously optimistic about its prospects for 2021, despite facing risks related to political stability and the ongoing pandemic[33] - No significant events occurred after December 31, 2020, indicating stability in the company's operations[30] Other Information - The company has not reported any new product developments or market expansions in the provided documents[57] - No stock options were granted or exercised under the stock option plan during the nine months ending December 31, 2020, and there were no unexercised stock options as of that date[55] - The company did not purchase, sell, or redeem any shares during the nine months ending December 31, 2020[58] - The executive directors of Guangjun Group Holdings Limited include Mr. Xia Zehong, Mr. Ye Zhucheng, and Ms. Tang Minzhen[71] - The report date is February 5, 2021, indicating the company's ongoing commitment to transparency and communication with stakeholders[71] - The company is focused on strategic growth and market expansion, as indicated by the composition of its board[71]
广骏集团控股(08516) - 2021 Q3 - 季度财报