Financial Performance - The group reported a revenue increase of approximately HKD 57.9 million or 35.1% to HKD 222.5 million for the nine months ended December 31, 2018, compared to HKD 164.6 million for the same period in 2017[11]. - Profit for the nine months ended December 31, 2018, was approximately HKD 16,000,000, an increase from HKD 7,400,000 for the same period in 2017, representing a growth of 116.2%[21]. - Revenue for the nine months ended December 31, 2018, was HKD 222,475,000, up from HKD 164,618,000 in the same period of 2017, reflecting a growth of 35.1%[25]. - Gross profit for the nine months ended December 31, 2018, was HKD 27,763,000, compared to HKD 25,305,000 for the same period in 2017, indicating an increase of 9.7%[25]. - Basic and diluted earnings per share for the nine months ended December 31, 2018, were HKD 3.99, up from HKD 2.92 for the same period in 2017, reflecting a growth of 36.5%[25]. - The company recorded a pre-tax profit of HKD 19,202,000 for the nine months ended December 31, 2018, compared to HKD 10,427,000 for the same period in 2017, representing an increase of 84.8%[25]. - The company reported a pre-tax profit of HKD 15,969,000 for the nine months ended December 31, 2018, compared to HKD 7,376,000 for the same period in 2017, representing a 116% increase[43]. Costs and Expenses - Direct costs rose by approximately HKD 55.4 million or 39.8% to HKD 194.7 million for the nine months ended December 31, 2018, from HKD 139.3 million in the previous year[12]. - Administrative expenses increased by approximately HKD 3.1 million or 56.6% to HKD 8.5 million for the nine months ended December 31, 2018, primarily due to professional fees and increased employee compensation[17]. - Tax expenses increased by approximately HKD 100,000 or 6.0% to HKD 3,200,000 for the nine months ended December 31, 2018, due to an increase in taxable profits[21]. - The company incurred interest expenses of HKD 1,482,000 for bank loans during the nine months ended December 31, 2018, compared to HKD 959,000 in 2017, reflecting a 54.4% increase[37]. - The company’s tax expense for the nine months ended December 31, 2018, was HKD 3,233,000, slightly up from HKD 3,051,000 in 2017, showing a 6% increase[41]. - The company’s interest expenses for convertible loan notes amounted to HKD 1,520,000 for the nine months ended December 31, 2018, compared to HKD 2,479,000 in 2017, indicating a decrease of 38.8%[37]. - The company’s depreciation expenses for property, plant, and equipment totaled HKD 10,280,000 for the nine months ended December 31, 2018, compared to HKD 15,103,000 in 2017, reflecting a decrease of 31.8%[39]. Contracts and Business Outlook - The group secured five civil engineering contracts with a total original contract value of approximately HKD 93.5 million as of December 31, 2018, bringing the total number of contracts to 40 with a combined value of approximately HKD 554 million[10]. - The company expects continued growth in the construction business, benefiting from increased government infrastructure spending, with an average annual capital expenditure in Hong Kong projected at HKD 250 billion to HKD 300 billion over the next five years[22]. Shareholder Information - Chrysler Investments Limited holds 260,000,000 shares, representing approximately 65% of the company's equity[53]. - Other major shareholders include 鄧肇峰先生 and 析方投資管理有限公司, each holding 40,000,000 shares, which is 10% of the company's equity[53]. - The company did not repurchase any of its own shares during the nine months ended December 31, 2018[60]. - The company adopted a share option scheme on January 24, 2018, but no options have been granted under this scheme since its adoption[61]. - No dividends were declared or proposed for the nine months ended December 31, 2018, consistent with the previous year[47]. Corporate Governance - The company has complied with the corporate governance code as of December 31, 2018[68]. - The audit committee was established on January 24, 2018, consisting of three independent non-executive directors[66]. - The company has no additional disclosure obligations under GEM Listing Rules sections 17.22, 17.23, and 17.24[69]. - The company has established a non-competition agreement with Chrysler Investments Limited effective from the listing date, February 12, 2018[63]. - There were no known conflicts of interest or direct or indirect competition with the company's business during the nine months ended December 31, 2018[64].
常满控股(08523) - 2019 Q3 - 季度财报