Financial Performance - Revenue for the three months ended 31 March 2021 was HK$31,620,000, representing a 25.5% increase from HK$25,211,000 in the same period of 2020[13]. - Gross profit for the period was HK$11,942,000, up 22.5% from HK$9,753,000 year-on-year[13]. - Profit before income tax was HK$5,743,000, compared to HK$4,224,000 in the previous year, reflecting a 36.0% increase[13]. - Earnings per share increased to HK$0.61 from HK$0.46, marking a 32.6% rise[13]. - The total comprehensive income attributable to owners of the Company for the period was HK$4,869,000, compared to HK$3,660,000 in the prior year, an increase of 33.0%[13]. - For the three months ended 31 March 2021, the Group recorded a net profit of approximately HK$4.9 million, an increase of 33.3% from HK$3.7 million in the same period of 2020[42]. - Revenue increased to approximately HK$31.6 million for the three months ended 31 March 2021, up by approximately HK$6.4 million or 25.4% from HK$25.2 million for the corresponding period in 2020[45]. - Gross profit increased to approximately HK$11.9 million for the three months ended 31 March 2021, up by approximately HK$2.2 million or 22.4% from HK$9.8 million for the corresponding period in 2020[45]. - The Group aims to improve operational efficiency and profitability while actively seeking opportunities to expand its customer base and market share[42]. Governance and Compliance - The board of directors collectively accepts full responsibility for the accuracy and completeness of the information contained in the report[3]. - The report includes details about the audit committee and compliance officer, highlighting governance structures[7]. - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency[21]. - The company is under the common control of the Controlling Shareholder, maintaining stability in governance and operations[28]. - The company has established an audit committee in compliance with GEM Listing Rules, comprising three independent non-executive directors[74]. - The unaudited first quarterly results for the three months ended March 31, 2021, have been reviewed by the audit committee members[75]. - The company has complied with the Corporate Governance Code throughout the three months ended March 31, 2021[65]. - The company is committed to enhancing corporate governance practices to increase transparency and accountability to shareholders[65]. - No incidence of non-compliance regarding directors' securities transactions was noted for the three months ended March 31, 2021[67]. Shareholding and Ownership - As of March 31, 2021, Cheung Kwan Tar holds 426,000,000 shares, representing a 53.25% shareholding in the company[56]. - Cheng Chi Heng and Polar Lights Limited each hold 58,800,000 shares (7.35%) and 57,600,000 shares (7.20%) respectively, indicating significant ownership stakes[60]. - Waywin Investment Holding Limited, a controlled corporation of Cheung Kwan Tar, is a substantial shareholder with a 53.25% stake[60]. - The compliance adviser appointed by the company is Grande Capital Limited, with no reported interests in the group as of March 31, 2021[50]. - The interests of directors and chief executives in the company's shares are recorded in compliance with the Securities and Futures Ordinance[54]. - The company has maintained compliance with GEM Listing Rules regarding the disclosure of interests and shareholdings[52]. - As of March 31, 2021, no new products, technologies, or market expansion strategies were mentioned in the disclosures[61]. - As of March 31, 2021, the company is not aware of any other person with an interest or short position in the shares, aside from the disclosed directors[63]. - Ms. Chiu Chui Ping is deemed to be interested in 426,000,000 shares through her spouse, Mr. Cheung Kwan Tar[63]. - Ms. Lam Mi Yung is deemed to be interested in 57,600,000 shares through her spouse, Mr. Wong Che Shing[63]. - Ms. Qiu Jianlian is deemed to be interested in 57,600,000 shares through her spouse, Mr. Lam Kwan Yuen[63]. - The company has adopted a share option scheme since August 20, 2018, but no share options have been granted under this scheme[68]. Banking and Financial Relationships - The company has a principal banker, Bank of China (Hong Kong) Limited, indicating a stable banking relationship[9]. - The report emphasizes the potential investment risks associated with companies listed on GEM due to higher market volatility[3]. - The report is unaudited, which may affect the reliability of the financial data presented[11]. - Administrative expenses decreased slightly to HK$6,347,000 from HK$6,463,000, indicating a cost control effort[13]. - Other income and gain decreased significantly to HK$165,000 from HK$976,000, showing a decline of 83.1%[13]. - Administrative expenses remained constant at approximately HK$6.3 million for the three months ended 31 March 2021, compared to approximately HK$6.5 million in the same period of 2020[45]. - No dividends have been proposed or paid by the Company or any of its subsidiaries during the three months ended March 31, 2021[40]. - The Group has no dilutive potential ordinary shares, thus diluted earnings per share equals basic earnings per share for the three months ended 31 March 2021 and 2020[40]. Business Outlook - The company continues to focus on engineering consultancy services, which is its primary revenue source[29]. - The increase in net profit was primarily due to the increase in the number of technical staff, enhancing the productivity of the Company[42]. - The Directors are cautiously optimistic about the Group's business outlook due to an increasing number of project quotation invitations received from potential and current customers[42].
宝燵控股(08601) - 2021 Q1 - 季度财报