Financial Performance - For the nine months ended December 31, 2021, the company reported total revenue of HKD 27,073,000, an increase from HKD 26,778,000 in the same period of 2020, representing a growth of 1.1%[6] - The gross profit for the same period was HKD 8,540,000, compared to HKD 2,363,000 in the previous year, indicating a significant increase of 261.5%[6] - The net profit attributable to owners for the nine months was HKD 1,364,000, a recovery from a loss of HKD 5,942,000 in the previous year[6] - The company reported a basic earnings per share of HKD 0.30 for the nine months ended December 31, 2021, compared to a loss per share of HKD 1.42 in the same period of 2020[6] - The gross profit margin increased from approximately 8.8% for the nine months ended December 31, 2020, to approximately 31.5% for the same period in 2021[25] - The income tax expense for the period was approximately HKD 64,000, compared to HKD 9,000 in 2020[27] Administrative Expenses - The company incurred administrative expenses of HKD 6,701,000 for the nine months ended December 31, 2021, down from HKD 8,633,000 in the same period of 2020, reflecting a decrease of 22.4%[6] - Administrative expenses decreased by HKD 1.9 million or 22.1%, totaling approximately HKD 6.7 million for the period[26] Equity and Capital - The total equity of the company as of December 31, 2021, was HKD 9,247,000, an increase from HKD 5,036,000 at the end of the previous year[8] - The total equity attributable to the company's owners was approximately HKD 9.2 million as of December 31, 2021, compared to a loss of approximately HKD 2.2 million on March 31, 2021[30] - The company raised HKD 10,275,000 through the issuance of new shares during the reporting period[8] - The company raised approximately HKD 10.02 million by placing 75,000,000 new shares at a price of HKD 0.137 per share on August 20, 2021[37] - As of December 31, 2021, the utilized net proceeds from the placement were HKD 8.61 million for debt repayment and HKD 1.41 million for general working capital[38] Current Assets and Liabilities - The company's current assets net value was approximately HKD 3.8 million as of December 31, 2021, compared to a net current liability of HKD 7.2 million on March 31, 2021[30] - The current ratio improved to approximately 1.5 times as of December 31, 2021, from 0.5 times on March 31, 2021[30] Corporate Governance - The company has complied with all corporate governance code provisions except for the separation of the roles of Chairman and CEO[48] - The company failed to meet the GEM Listing Rules regarding the number of independent non-executive directors until the appointment of Ms. Lee on November 10, 2021[49] - The company had only one authorized representative from August 16, 2021, to January 19, 2022, which was a deviation from GEM Listing Rules[51] - The company has adopted the trading standards as per GEM Listing Rules sections 5.48 to 5.67, confirming compliance by all directors during the reporting period[52] - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the reporting period[53] Board of Directors Changes - Changes in the board of directors include the resignation of Mr. Li Peichong as an independent non-executive director and chairman of the audit committee on August 23, 2021[54] - Ms. Li Jieyu was appointed as an independent non-executive director and chair of the remuneration committee on November 10, 2021[54] - The executive directors as of the report date include Mr. Zhong Yulin and Mr. Cao Dayong, with independent non-executive directors being Ms. Li Bijie, Ms. Chen Yuzhen, and Ms. Li Jieyu[58] Future Plans and Market Position - The company plans to expand its range of construction-related services to capture new market opportunities[23] - The company will seek to mitigate risks through cost reduction and close monitoring of receivables due to the uncertain economic environment[23] Operational Focus - The company continues to focus on providing comprehensive construction and structural engineering consultancy services, with all operations based in Hong Kong[11][15] - The company has not reported any new product developments or technological advancements during this period[11] - There are no indications of market expansion or mergers and acquisitions in the current reporting period[11]
中国来骑哦(08039) - 2022 Q3 - 季度财报