Financial Performance - For the three months ended June 30, 2020, the group's revenue was approximately HKD 33.1 million, a decrease of about 30.5% compared to HKD 47.7 million for the same period in 2019[5] - Gross profit for the same period was approximately HKD 13.1 million, down approximately 31.3% from HKD 19.1 million in 2019[6] - Net profit decreased from approximately HKD 3.0 million for the three months ended June 30, 2019, to approximately HKD 902,000 for the same period in 2020[6] - Basic and diluted earnings per share for the three months ended June 30, 2020, were HKD 0.10, compared to HKD 0.39 for the same period in 2019[6] - Total comprehensive income for the period was HKD 902,000, down from HKD 2.96 million in the previous year[7] - The company reported a pre-tax profit of HKD 1.46 million for the three months ended June 30, 2020, compared to HKD 5.07 million in 2019[7] - The company reported a pre-tax profit of HKD 1,133,000 for the three months ended June 30, 2020, compared to a loss of HKD 65,000 in 2019[22] - Basic earnings per share for the three months ended June 30, 2020, were HKD 902,000, a decrease from HKD 2,961,000 for the same period in 2019[9] - Total revenue decreased from approximately HKD 47.7 million for the three months ended June 30, 2019, to approximately HKD 33.1 million for the same period in 2020, representing a decline of about 30.5%[35] - The total comprehensive income decreased from approximately HKD 3.0 million in 2019 to approximately HKD 902,000 in 2020[48] Revenue Breakdown - Revenue from residential buildings was HKD 9,788,000, down 21.3% from HKD 12,402,000 in 2019[18] - Revenue from community facilities was HKD 3,582,000, a decrease of 21.4% from HKD 4,557,000 in 2019[18] - Revenue from commercial buildings was HKD 7,057,000, down 45.4% from HKD 12,950,000 in 2019[18] - Revenue from construction protection engineering decreased from HKD 29.9 million in 2019 to HKD 20.4 million in 2020, primarily due to delays in private project timelines caused by the COVID-19 pandemic[35] - Revenue from the supply of construction protection products fell from HKD 17.7 million in 2019 to HKD 12.7 million in 2020, mainly due to reduced demand for waterproof products from Hong Kong customers[38] Expenses and Costs - Administrative expenses increased to HKD 9.47 million from HKD 6.49 million in the previous year[7] - The company's total employee costs increased to HKD 8,387,000, up 36.0% from HKD 6,163,000 in 2019[22] - The income tax expense for the three months ended June 30, 2020, was HKD 560,000, a decrease of 73.5% from HKD 2,112,000 in 2019[23] - Financial costs for the three months ended June 30, 2020, were approximately HKD 22,000, mainly from lease liabilities[46] Shareholder Information - The board of directors did not recommend any dividend for the three months ended June 30, 2020, consistent with the same period in 2019[6] - The company issued 250 million new shares at a price of HKD 0.24 per share, raising a total of HKD 60 million[10] - The company’s retained earnings increased to HKD 87.61 million as of June 30, 2020, from HKD 70.29 million as of June 30, 2019[9] - As of June 30, 2020, the major shareholders hold 75% of the company's shares, indicating strong control over the company[63] - Ultra Success holds 750,000,000 shares, representing 75% of the company's equity[69] COVID-19 Impact - The impact of the COVID-19 pandemic has delayed some construction projects, affecting the company's operational and financial performance[54] - The company is closely monitoring the market developments and assessing the financial impacts of the COVID-19 situation, with ongoing construction protection projects progressing steadily[56] - The company has implemented health and safety measures for employees, including regular disinfection and temperature checks, to maintain operational efficiency[57] Compliance and Governance - The company has not faced any significant environmental impact issues and complies with all applicable environmental laws and regulations[59] - The company has no reported violations of environmental laws or regulations as of the report date[60] - The audit committee was established on March 18, 2020, to oversee financial reporting processes and risk management[79] - The unaudited condensed consolidated financial statements for the three months ended June 30, 2020, were reviewed by the audit committee and deemed to comply with applicable accounting standards[79] Future Plans - The planned use of net proceeds includes purchasing additional machinery and equipment (9.8%), expanding workforce (29.1%), strengthening financial position for current costs (31.0%), and expanding the product portfolio (30.1%)[53] - The company plans to utilize the net proceeds in a manner consistent with the business objectives outlined in the prospectus[52]
新威工程集团(08616) - 2021 Q1 - 季度财报