Financial Performance - For the nine months ended December 31, 2018, the group's revenue increased by 48.4% to approximately HKD 276.53 million from HKD 186.30 million for the same period in 2017[5]. - The profit attributable to shareholders for the nine months ended December 31, 2018, was approximately HKD 18.65 million, representing a significant increase of 400.12% compared to HKD 3.73 million in the previous year[5]. - The gross profit for the nine months ended December 31, 2018, was approximately HKD 42.33 million, up from HKD 29.20 million in the same period of 2017, reflecting a gross margin improvement[6]. - The operating profit before tax for the nine months ended December 31, 2018, was approximately HKD 23.56 million, compared to HKD 6.51 million for the same period in 2017[6]. - The total comprehensive income attributable to owners of the company for the nine months ended December 31, 2018, was HKD 18.65 million, compared to HKD 3.73 million in the previous year[6]. - The company's basic and diluted earnings per share for the nine months ended December 31, 2018, were HKD 1.55, compared to HKD 0.41 for the same period in 2017[6]. - The group reported revenue of HKD 93,063,000 for the three months ended December 31, 2018, representing a 32% increase compared to HKD 70,624,000 for the same period in 2017[19]. - For the nine months ended December 31, 2018, revenue reached HKD 276,528,000, up 48% from HKD 186,295,000 in the previous year[19]. - The group’s net profit attributable to owners for the three months ended December 31, 2018, was HKD 3,812,000, a decrease of 13% from HKD 4,373,000 in the same period of 2017[24]. - Basic earnings per share for the three months ended December 31, 2018, was HKD 0.32, down from HKD 0.49 in the previous year[24]. Expenses and Costs - Total administrative and operating expenses for the nine months ended December 31, 2018, were HKD 18,805,000, an increase of 53% compared to HKD 12,287,000 in 2017[21]. - The group’s employee costs for the nine months ended December 31, 2018, were HKD 9,460,000, an increase of 51% from HKD 6,263,000 in the previous year[21]. - Financing costs for the nine months ended December 31, 2018, amounted to HKD 154,000, compared to HKD 65,000 in the same period of 2017, reflecting a significant increase[22]. - The cost of revenue rose by approximately HKD 77.10 million or 49.08% to about HKD 234.20 million for the nine months ended December 31, 2018, from approximately HKD 157.10 million for the same period last year[31]. - Administrative and other operating expenses rose by approximately HKD 6.52 million or 53.05% to about HKD 18.81 million for the nine months ended December 31, 2018[34]. - The income tax expense increased by approximately HKD 2.13 million or 76.62% to about HKD 4.91 million due to an increase in taxable profits[37]. Dividends and Share Capital - The company did not recommend any dividend for the nine months ended December 31, 2018, compared to zero dividend in 2017[4]. - The board does not recommend the payment of dividends for the nine months ended December 31, 2018[42]. - As of December 31, 2018, the total issued share capital of the company was 1,200,000,000 shares[52]. - Success Step holds 418,500,000 shares, representing 34.88% of the total issued shares[49]. - Noble Capital directly holds 391,500,000 shares, accounting for 32.63% of the total issued shares[49]. - Alderhill Holdings Limited and the trustee of the Alderhill Trust each hold 481,500,000 shares, which is 40.13% of the total issued shares[49]. - Legend Advanced holds 90,000,000 shares, representing 7.50% of the total issued shares[49]. - No purchases, sales, or redemptions of the company's listed securities occurred during the nine months ending December 31, 2018[54]. Compliance and Governance - The company has complied with the GEM Listing Rules regarding corporate governance, except for the separation of the roles of Chairman and CEO[59]. - The company has appointed Huifu Financing Limited as a compliance advisor to ensure adherence to applicable laws and GEM Listing Rules[58]. - There were no major shareholders or high shareholding individuals other than those disclosed as of December 31, 2018[53]. - The board confirmed compliance with the trading code for securities transactions as of December 31, 2018[56]. - The audit committee was established on January 24, 2018, consisting of three independent non-executive directors[61]. - The audit committee reviewed the unaudited consolidated financial performance for the nine months ended December 31, 2018, ensuring compliance with applicable accounting standards and GEM listing rules[61]. - The third quarter report was reviewed by the audit committee, confirming the integrity of the financial statements[62]. Business Operations - The acquisition of Wei Bao Engineering Co., Ltd. contributed a profit of HKD 7.06 million and revenue of HKD 61.58 million during the reporting period[5]. - The operating performance of the acquired Wei Bao Engineering contributed a profit and revenue of HKD 7.06 million and HKD 61.58 million, respectively, during the current period, compared to HKD 1.08 million and HKD 30.83 million in the same period last year[30][38]. - The company has been actively involved in the installation, modification, and maintenance of electromechanical engineering systems in Hong Kong[9]. - The group continues to focus on fire safety system installations, maintenance, and engineering services, positioning itself as a qualified contractor in Hong Kong[27]. - The company continues to strengthen its market position in installation, alteration, and addition, as well as fire system maintenance projects[28]. - The group has not granted any share options under its share option scheme during the period, indicating a potential focus on cash management[26]. - The group has not adopted new accounting standards that have been issued but are not yet effective, indicating a cautious approach to regulatory changes[18].
荧德控股(08535) - 2019 Q3 - 季度财报