Financial Performance - The group's revenue for the nine months ended December 31, 2021, was approximately HKD 157.7 million, a decrease of about 12.8% compared to HKD 180.7 million for the same period in 2020[6] - The group recorded a loss of approximately HKD 5.9 million for the period, compared to a profit of HKD 5.5 million in the previous period[6] - Basic loss per share for the period was approximately HKD 1.84, compared to earnings of HKD 1.73 per share in the previous period[6] - The gross profit for the nine months was HKD 2.35 million, down from HKD 8.23 million in the same period last year[8] - Other income and gains for the nine months were HKD 1.65 million, down from HKD 7.72 million in the previous period[8] - The total revenue decreased from approximately HKD 180.7 million to approximately HKD 157.7 million, a decline of about 12.8%[35] - The group's gross profit decreased from approximately HKD 8.2 million to approximately HKD 2.3 million, a decline of about 71.5%[37] - Other income and losses decreased from approximately HKD 7.7 million to approximately HKD 1.6 million, a decline of about 79.2%[39] Revenue Breakdown - The group's revenue for the three months ended December 31, 2021, was HKD 17,023,000 from renovation works and HKD 37,563,000 from refurbishment works, showing a decrease of 60.3% and an increase of 304.5% respectively compared to the same period in 2020[18] - For the nine months ended December 31, 2021, revenue from renovation works was HKD 70,832,000, down 47.0% year-on-year, while revenue from refurbishment works was HKD 86,831,000, up 84.9% year-on-year[18] - Revenue from renovation works was approximately HKD 70.8 million, down about 47.0% from approximately HKD 133.7 million in the previous period[35] - Revenue from refurbishment works increased to approximately HKD 86.8 million, an increase of about 84.8% compared to approximately HKD 47.0 million in the previous period[35] Expenses and Costs - Administrative expenses for the nine months were HKD 9.79 million, compared to HKD 10.27 million in the previous period[8] - The total labor costs for the nine months ended December 31, 2021, were HKD 22,102,000, a decrease of 7.1% from HKD 23,807,000 in the same period of 2020[27] - The group's service costs increased to HKD 155.3 million for the nine months, compared to HKD 172.5 million in the previous period[8] - Financing costs decreased from approximately HKD 104,000 to approximately HKD 99,000, a decline of about 4.8%[41] Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the period[6] - The group did not recommend an interim dividend for the nine months ended December 31, 2021, consistent with the previous year[30] - As of December 31, 2021, major shareholders, including Mr. Zheng Zengwei, Mr. Zheng Zengfu, and Ms. Liao Lili, collectively own 164,200,000 shares, representing 51.3% of the company's issued share capital[57] - Mr. Xu Qitai holds 12,800,000 shares, accounting for 4.0% of the total issued share capital[57] - Advance Goal Group Limited, a significant shareholder, also holds 164,200,000 shares, equivalent to 51.3% of the company's issued share capital[62] - Ms. Zhou Xiaoshan, as a spouse of Mr. Zheng Zengwei, is considered to have an interest in the 164,200,000 shares held by Advance Goal[63] - Mr. Chen Yisong is a beneficial owner of 19,200,000 shares, which constitutes 6% of the issued share capital[62] Corporate Governance - The audit committee, established on January 19, 2018, reviewed the unaudited consolidated financial statements for the period and confirmed compliance with applicable accounting standards and GEM listing rules[71] - The company has not disclosed any competitive interests held by directors or major shareholders that could conflict with the group's business[68] - The company's articles of association do not contain provisions regarding preemptive rights for existing shareholders when new shares are issued[69] - The company has not engaged in any arrangements that would allow directors or major executives to acquire any rights to purchase securities during the reporting period[66] - There were no purchases, redemptions, or sales of the company's listed securities by the company or its subsidiaries during the reporting period[67] Future Outlook - The group plans to continue focusing on the high-end renovation and refurbishment market in the future[33] - The group received government subsidies under the "Employment Support Scheme," which provided financial support to retain employees during the pandemic[20]
快意智能(08040) - 2022 Q3 - 季度财报