Financial Performance - The group's revenue decreased by approximately HKD 800,000 or 0.6% to HKD 142,200,000 for the three months ended June 30, 2020, compared to HKD 143,000,000 for the same period last year[22] - Gross profit decreased by approximately HKD 2,100,000 or 14.4% to HKD 12,500,000, with a gross margin decline from 10.2% to 8.8% due to increased subcontractor costs and additional expenses in equipment leasing and transportation[25] - The company recorded a profit of approximately HKD 10,000,000, compared to HKD 9,700,000 in the same period last year[31] - The company reported total revenue of HKD 142,203,000, a slight decrease from HKD 143,048,000 in the previous year[34] - For the three months ended June 30, 2020, the company reported a pre-tax profit of 10,019 thousand HKD, compared to 9,704 thousand HKD for the same period in 2019, representing an increase of approximately 3.25%[56] - Basic and diluted earnings per share increased to HKD 2.50 from HKD 2.43 year-on-year[34] Costs and Expenses - Direct costs increased by approximately HKD 1,300,000 or 1.0% to HKD 129,700,000 for the three months ended June 30, 2020, from HKD 128,400,000 for the previous year[23] - Administrative expenses rose by approximately HKD 500,000 or 17.9% to HKD 3,300,000, mainly due to increased employee salaries and benefits[28] - Financing costs increased by approximately HKD 200,000 or 22.2% to HKD 1,100,000, attributed to increased mortgage loans for property purchases and higher bank financing needs[29] - The company incurred bank borrowings interest of 811 thousand HKD for the three months ended June 30, 2020, compared to 598 thousand HKD in 2019, indicating a rise of approximately 35.5%[47] - The company’s total financing costs for the three months ended June 30, 2020, were 1,071 thousand HKD, compared to 880 thousand HKD in 2019, reflecting an increase of approximately 21.7%[47] - The company’s depreciation on property, plant, and equipment was 1,663 thousand HKD for the three months ended June 30, 2020, compared to 1,015 thousand HKD in 2019, representing an increase of about 64%[51] Government Support and Subsidies - The group received government subsidies of approximately HKD 10,000,000 under the "Employment Support Scheme" during June, July, and August 2020[21] - Other income increased by approximately HKD 3,500,000 or 1,750% to HKD 3,700,000, primarily due to a government subsidy of approximately HKD 3,600,000 under the Employment Support Scheme[26] Contracts and Operations - As of June 30, 2020, the group had 22 existing contracts with a total contract value of HKD 769.9 million, down from HKD 791.9 million at the beginning of the period[17] - The group completed 3 contracts with a total value of HKD 34.4 million during the three months ended June 30, 2020[17] - The group acquired new construction equipment to enhance productivity and efficiency during the review period[18] - The group hired additional administrative staff to manage the increased workload during the review period[18] - The group established a site safety task force led by the board to improve safety management on construction sites[18] - The group continues to allow office staff to work from home to mitigate the impact of COVID-19[21] Shareholder Information - The company’s directors and senior management held 260,000,000 shares, representing 65.0% of the total shares, as of June 30, 2020[58] - Chrysler Investments Limited holds a beneficial interest of 260,000,000 shares, representing approximately 65% of the company's equity[61] - Mr. Tang Shao Fung and Xi Fang Investment Management Limited each hold 40,000,000 shares, accounting for 10% of the company's equity[61] Compliance and Governance - The company has complied with the corporate governance code during the three months ended June 30, 2020[75] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial results for the period[71] - The board of directors confirmed compliance with the code of conduct for securities transactions during the reporting period[70] - The company has no additional disclosure obligations under GEM Listing Rules[76] Dividends and Share Options - The company did not declare or propose any dividends for the three months ended June 30, 2020, consistent with the previous year[57] - The company did not declare any dividends for the three months ended June 30, 2020, consistent with the previous year[63] - No shares were repurchased or sold by the company or its subsidiaries during the three months ended June 30, 2020[65] - The company has not granted any options under the share option scheme since its adoption on January 24, 2018[66] Taxation - Tax expenses decreased by approximately HKD 200,000 or 13.3% to HKD 1,300,000, due to a reduction in taxable profits[31] - The total tax expense for the three months ended June 30, 2020, was 1,349 thousand HKD, compared to 1,464 thousand HKD in 2019, showing a decrease of about 7.8%[52]
常满控股(08523) - 2021 Q1 - 季度财报