Financial Performance - The Group's revenue increased by 41.6% from approximately HK$31.0 million for the three months ended June 30, 2021, to approximately HK$43.9 million for the same period in 2022[10]. - Gross profit rose by 27.3% from approximately HK$11.8 million in Q1 2021 to approximately HK$15.0 million in Q1 2022, while the gross profit margin decreased from 38.0% to 34.2%[10]. - Profit for the period increased from approximately HK$3.8 million in Q1 2021 to approximately HK$5.7 million in Q1 2022[10]. - Other income and gains increased significantly from HK$82,440 in Q1 2021 to HK$299,301 in Q1 2022[14]. - Operating profit increased from HK$4.6 million in Q1 2021 to HK$7.4 million in Q1 2022[14]. - Earnings per share attributable to owners of the Company increased from 0.62 HK cents to 0.93 HK cents[15]. - Total comprehensive income for the period rose from approximately HK$3.78 million in Q1 2021 to approximately HK$5.67 million in Q1 2022[15]. - The Group's profit before income tax increased from approximately HK$4.49 million in Q1 2021 to approximately HK$7.04 million in Q1 2022[14]. - For the three months ended June 30, 2022, the total revenue was HK$43,868,184, an increase of 42.5% compared to HK$30,987,643 in the same period of 2021[34]. - Revenue from flooring services was HK$38,847,394, up from HK$27,382,406, representing a growth of 42.1% year-over-year[34]. - Ancillary services generated revenue of HK$4,973,890, which is a 54.8% increase from HK$3,213,042 in the previous year[34]. - The total comprehensive income for the period was HK$5,616,888, compared to a loss of HK$5,604 in the previous year[34]. - The profit attributable to owners of the Company increased from approximately HK$3.7 million for the three months ended June 30, 2021, to approximately HK$5.6 million for the same period in 2022[70]. - The Group's gross profit increased by 27.3% from approximately HK$11.8 million for the three months ended June 30, 2021, to approximately HK$15.0 million for the same period in 2022[75]. - The gross profit margin decreased from 38.0% for the three months ended June 30, 2021, to 34.2% for the same period in 2022[75]. - Other income and other gains, net increased from approximately HK$82,000 for the three months ended June 30, 2021, to approximately HK$299,000 for the same period in 2022[76]. Expenses and Costs - The Group's cost of materials used increased to HK$15.6 million for the three months ended June 30, 2022, from HK$9.7 million in 2021[58]. - Subcontractor costs rose to HK$11.4 million for the three months ended June 30, 2022, compared to HK$8.0 million in 2021[58]. - Employee benefit expenses increased to HK$5.8 million for the three months ended June 30, 2022, from HK$4.2 million in 2021[58]. - General and administrative expenses increased by approximately HK$1,800,000 from approximately HK$5,300,000 to approximately HK$7,000,000, primarily due to higher staff salaries[83]. - Income tax expense rose from approximately HK$699,000 to approximately HK$1,400,000, reflecting an increase in profit before tax from approximately HK$4,500,000 to approximately HK$7,000,000[89]. Dividend and Shareholder Information - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2022[10]. - The Board does not recommend the payment of an interim dividend for the three months ended 30 June 2022, compared to Nil in 2021[138]. - As of June 30, 2022, Mr. Kwong holds 392,886,000 shares, representing a 65.48% shareholding in the Company through Sage City[110]. - Mr. Yip holds 3,000 shares in Sage City, which accounts for 30% of the shares in that company[111]. - The Company has no other directors or executives with interests or short positions in shares or debentures that need to be disclosed as of June 30, 2022[113]. - Sage City is owned 70% by Mr. Kwong and 30% by Mr. Yip, with Mr. Kwong serving as chairman and executive director of the Company[121]. - Mrs. Kwong is deemed to be interested in all shares held by Mr. Kwong for the purposes of the SFO[126]. Corporate Governance and Compliance - The Company has complied with the Corporate Governance Code principles for the three months ended June 30, 2022[131]. - The Company has adopted a code of conduct for securities transactions by directors, confirming compliance during the reporting period[132]. - There were no competing interests from directors or controlling shareholders during the three months ended June 30, 2022[123]. - The Company has not disclosed any related party transactions during the reporting period[144]. - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial results for the three months ended 30 June 2022[143]. - The Company established an Audit Committee on 24 September 2016 to oversee internal control and risk management systems[142]. Business Environment and Strategy - The business environment is expected to remain challenging due to rising operating costs and competition in the car park flooring market[97]. - The Group aims to diversify income sources and expand its existing business in car park flooring and waterproofing sectors[98]. Other Information - As of June 30, 2022, the Group had no significant contingent liabilities[100]. - The Group's financial information is prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and has been reviewed by the audit committee[26]. - The company has not early adopted any new and revised HKFRSs that have been issued but are not yet effective for the current accounting period[29]. - The report was issued on 5 August 2022[146].
邝文记(08023) - 2023 Q1 - 季度财报