Financial Performance - For the three months ended June 30, 2021, the group's revenue was approximately HKD 48.8 million, an increase of about 47.4% compared to approximately HKD 33.1 million for the same period in 2020[8] - Gross profit for the same period was approximately HKD 15.0 million, up approximately 14.5% from approximately HKD 13.1 million in the prior year[8] - Net profit increased from approximately HKD 902,000 for the three months ended June 30, 2020, to approximately HKD 3.2 million for the same period in 2021[8] - Basic and diluted earnings per share for the three months ended June 30, 2021, were HKD 0.32, compared to HKD 0.10 for the same period in 2020[8] - The group's pre-tax profit for the three months ended June 30, 2021, was HKD 4.2 million, compared to HKD 1.5 million for the same period in 2020[9] - Total comprehensive income for the period attributable to owners of the company was HKD 3.2 million, compared to HKD 902,000 in the previous year[9] - The company's profit attributable to owners increased from HKD 902,000 in the three months ended June 30, 2020, to HKD 3,188,000 in the same period of 2021, representing a growth of approximately 253.3%[29] - Total revenue rose from approximately HKD 33.1 million in the three months ended June 30, 2020, to approximately HKD 48.8 million in the same period of 2021, an increase of about HKD 15.7 million or 47.4%[35] Revenue Breakdown - Revenue from residential buildings decreased to HKD 6,585,000, down 33% from HKD 9,788,000 year-on-year[21] - Revenue from community facilities surged to HKD 9,537,000, a significant increase of 166% compared to HKD 3,582,000 in the previous year[21] - Revenue from commercial buildings increased to HKD 15,575,000, up 121% from HKD 7,057,000 year-on-year[21] - Revenue from construction protection engineering increased from HKD 20.4 million in 2020 to HKD 31.7 million in 2021, driven by an increase in the number of projects awarded and larger project revenues[37] - Revenue from the supply of construction protection products grew from HKD 12.7 million in 2020 to HKD 17.1 million in 2021, primarily due to increased demand for waterproof and tile products from Hong Kong customers[38] Expenses and Costs - Administrative expenses decreased from HKD 9.5 million in 2020 to HKD 8.2 million in 2021[9] - Total employee costs increased to HKD 9,727,000, up 16% from HKD 8,387,000 in the same period of 2020[26] - Selling and service costs rose from approximately HKD 20.0 million in 2020 to approximately HKD 33.8 million in 2021, an increase of about HKD 13.8 million or 69.0%[40] - The company incurred a tax expense of HKD 970,000, which is an increase from HKD 560,000 in the previous year[27] - Income tax expenses rose from approximately HKD 560,000 in 2020 to approximately HKD 970,000 in 2021, reflecting the increase in profit before tax[47] Dividends and Equity - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2021[8] - The company did not declare any dividends for the three months ended June 30, 2021, consistent with the previous year[30] - The company reported a total equity of approximately HKD 174.4 million as of June 30, 2021[11] Corporate Governance and Compliance - The company has adopted a code of conduct for securities trading that complies with GEM Listing Rules[70] - The chairman and CEO roles are held by the same individual, Mr. Lin, which the board believes is in the best interest of the company[69] - The company has complied with the corporate governance code, except for the separation of the chairman and CEO roles[68] - The audit committee reviewed the financial reporting process and confirmed that the unaudited consolidated financial statements for the three months ending June 30, 2021, were prepared in accordance with applicable accounting standards[73] - The company has established an audit committee to oversee financial reporting and risk management[73] Market and Operational Insights - The construction industry has faced delays due to the COVID-19 pandemic, impacting project timelines and financial performance[54] - The company is closely monitoring market developments and assessing the financial impact of the pandemic, with ongoing construction protection projects progressing steadily[55] - Future strategies include expanding workforce and securing more construction protection projects in Hong Kong to strengthen market position[55] - The company has implemented health measures to protect employees, including regular disinfection and temperature checks[55] - The company has not faced any environmental legal issues or penalties as of the report date[57] Shareholding Structure - The board members hold significant shares, with Mr. Lin and Ms. Wang each owning 75% of the company through controlled entities[60] - Ultra Success holds 750,000,000 shares, representing 75% of the company's equity[64] - As of June 30, 2021, there were no unexercised share options, and no options have been granted or exercised since the listing date[66] - The company did not purchase, sell, or redeem any listed securities during the three months ending June 30, 2021[67] - No interests were reported by the compliance advisor or its associates in the group as of June 30, 2021[71] - There were no disclosures of interests or short positions in the company's shares or related securities as of June 30, 2021[64]
新威工程集团(08616) - 2022 Q1 - 季度财报