Financial Performance - The Group's revenue increased by approximately 68.3%, from approximately HK$76.8 million for the nine months ended December 31, 2021, to approximately HK$129.2 million for the same period in 2022[9]. - The Group's gross profit rose by approximately 55.8%, from approximately HK$26.6 million for the nine months ended December 31, 2021, to approximately HK$41.4 million for the same period in 2022, with a gross profit margin decrease from approximately 34.6% to approximately 32.0%[9]. - The Group's profit surged by approximately 264.1%, from approximately HK$4.3 million for the nine months ended December 31, 2021, to approximately HK$15.8 million for the same period in 2022[9]. - The operating profit for the nine months ended December 31, 2022, was approximately HK$19.9 million, compared to approximately HK$5.8 million for the same period in 2021[12]. - The profit before income tax for the nine months ended December 31, 2022, was approximately HK$19.0 million, up from approximately HK$5.6 million for the same period in 2021[12]. - The Group reported an income tax expense of approximately HK$3.2 million for the nine months ended December 31, 2022, compared to approximately HK$1.2 million for the same period in 2021[12]. - For the nine months ended December 31, 2022, the profit attributable to owners of the Company was HK$15,420,503, a significant increase from HK$4,411,544 in the same period of 2021, representing a growth of approximately 249%[13]. - The total comprehensive income for the period was HK$15,849,864, compared to HK$4,347,685 for the same period in 2021, indicating an increase of about 265%[13]. - Basic and diluted earnings per share for the nine months ended December 31, 2022, were HK$0.07, up from HK$0.74 in the previous year[13]. Revenue Sources - Revenue from customers located in Hong Kong was HK$128,445,409, up from HK$71,324,853 in 2021, indicating an increase of 80.1%[31]. - The Group's revenue from ancillary services for the nine months ended December 31, 2022, was HK$19,849,347, a significant increase of 130.0% compared to HK$8,641,711 in 2021[30]. - The Group's revenue recognition for the nine months ended December 31, 2022, included HK$128,950,778 recognized over time, compared to HK$75,733,451 in 2021, marking an increase of 70.2%[30]. Expenses and Costs - The Group's cost of sales increased from approximately HK$50.2 million for the nine months ended December 31, 2021, to approximately HK$87.8 million for the same period in 2022[12]. - The Group's general and administrative expenses increased from approximately HK$17.5 million for the nine months ended December 31, 2021, to approximately HK$22.4 million for the same period in 2022[12]. - The cost of materials used increased significantly to approximately HK$47.9 million for the nine months ended December 31, 2022, compared to HK$22.9 million for the same period in 2021[50]. - Employee benefit expenses rose to approximately HK$17.3 million for the nine months ended December 31, 2022, up from HK$13.9 million for the same period in 2021[50]. - Subcontractor costs increased to approximately HK$34.6 million for the nine months ended December 31, 2022, compared to HK$22.5 million for the same period in 2021[50]. Dividends and Retained Earnings - The Board does not recommend the payment of an interim dividend for the nine months ended December 31, 2022, consistent with the previous year[9]. - The Company declared a dividend of HK$3,000,000 during the nine months ended December 31, 2022[15]. - The balance of retained earnings as of December 31, 2022, was HK$47,255,586, an increase from HK$31,782,979 as of December 31, 2021, representing a growth of approximately 48%[15]. Challenges and Future Outlook - The Group is facing challenges such as increasing operating costs, keen competition in the car park flooring market, and economic uncertainty due to geopolitical tensions and global inflation, which may affect future financial performance[74]. - The Directors are actively seeking alternative business opportunities to broaden income sources while continuing to focus on expanding existing business in the car park flooring and waterproofing sectors[79]. Corporate Governance and Compliance - The company has complied with the Corporate Governance Code principles for the nine months ended December 31, 2022[103]. - The Audit Committee has reviewed the unaudited condensed consolidated financial results for the nine months ended December 31, 2022[117]. - The company has established an Audit Committee to oversee internal control and risk management systems[116]. - There are no competing interests from directors or controlling shareholders that could potentially compete with the company's business as of December 31, 2022[102]. Shareholding and Management - As of December 31, 2022, Mr. Yip Kong Lok holds 3,000 shares in Sage City, representing a 30% interest[93]. - Sage City has a beneficial interest of 392,886,000 shares, accounting for approximately 65.48% of the total shareholding[99]. - The chairman and executive director of the company is Kwan Chi Man[119]. - The executive directors include Kwan Chi Man and Yip Kong Lok, while independent non-executive directors include Yu Yunhua, Luo Peichang, and Kwan Hsiu Hsin[119].
邝文记(08023) - 2023 Q3 - 季度财报