Financial Performance - Revenue for the three months ended March 31, 2022, was approximately HK$16.4 million, a decrease of approximately 17.6% compared to HK$19.9 million in the same period of 2021[9]. - Net loss for the period was approximately HK$5.4 million, a slight improvement from a net loss of approximately HK$5.5 million in the corresponding period of last year[9]. - Basic and diluted loss per share was approximately HK0.49 cents, compared to HK0.56 cents in the same period of 2021[9]. - Gross profit for the period was approximately HK$3.9 million, down from HK$4.5 million in the same period of 2021[11]. - Operating loss for the period was approximately HK$3.9 million, compared to an operating loss of approximately HK$4.1 million in the previous year[11]. - Total comprehensive loss for the period was approximately HK$5.3 million, compared to HK$5.7 million in the same period of 2021[11]. - Other income and net gains for the period amounted to approximately HK$0.8 million, an increase from HK$0.4 million in the previous year[11]. - Administrative and other operating expenses were approximately HK$8.6 million, slightly reduced from HK$8.9 million in the same period of 2021[11]. - Finance costs for the period were approximately HK$1.5 million, compared to HK$1.4 million in the same period of 2021[11]. - Total comprehensive loss for the period was HK$5,266,000, compared to a loss of HK$5,663,000 for the same period in 2021[28]. - For the three months ended 31 March 2022, the Group reported a loss attributable to owners of the Company of HK$4,963,000, compared to a loss of HK$5,698,000 for the same period in 2021, representing a decrease of approximately 12.9%[44]. Revenue Breakdown - Revenue for the three months ended 31 March 2022 was HK$16,425,000, a decrease of 17.5% compared to HK$19,905,000 for the same period in 2021[29]. - Revenue from concrete demolition services increased to HK$14,426,000, up 33.5% from HK$10,791,000 in the previous year[29]. - Revenue from manufacturing and trading of prefabricated construction components decreased significantly to HK$1,999,000, down 78.0% from HK$9,114,000 in the same period last year[29]. - Revenue from private sector projects increased to HK$13,037,000 in Q1 2022, up from HK$10,620,000 in Q1 2021, reflecting a growth of approximately 22.8%[53]. - Revenue from public sector projects rose significantly to HK$1,389,000 in Q1 2022, compared to HK$171,000 in Q1 2021, marking an increase of approximately 711.7%[53]. Business Operations - The company continues to engage in concrete demolition services and manufacturing of prefabricated construction components, indicating a focus on core business areas[17]. - The Group's concrete demolition services are primarily provided to main contractors and subcontractors involved in both public and private sector projects in Hong Kong[51]. - The Group established production facilities in Huizhou, PRC, for the research and development of precast concrete components, aiming to service construction projects in the Greater Bay area[56]. - The Group is exploring opportunities to expand its prefabricated construction business into overseas markets, particularly in countries along the Belt and Road initiative[56]. - The Group is expanding its prefabricated construction business in the Greater Bay Area and exploring opportunities in overseas markets, particularly along the Belt and Road Initiative[58]. Corporate Governance - The financial statements for the three months ended 31 March 2022 have not been audited but were reviewed by the company's audit committee[22]. - The company was incorporated in the Cayman Islands and has been listed on the GEM of The Stock Exchange of Hong Kong since 15 August 2014[16]. - The Audit Committee has reviewed the unaudited consolidated financial statements for the reporting period[99][102]. - The company has established an Audit Committee to oversee financial reporting and internal controls[99][101]. - All Directors confirmed no competing interests during the reporting period[89][93]. Shareholder Information - As of March 31, 2022, Huang Cheng holds 188,620,000 shares, representing approximately 18.66% of the company's shares[87]. - Zhu Zhou holds 129,000,000 shares, accounting for approximately 12.76% of the company's shares[87]. - No substantial shareholders other than certain Directors or chief executives had interests or short positions in the shares as of March 31, 2022[85][86]. Dividend Policy - The Board does not recommend the payment of a dividend for the three months ended March 31, 2022, consistent with the previous year[9]. - The Company does not recommend the payment of a dividend for the three months ended March 31, 2022, consistent with the previous year[39]. - The Board does not recommend payment of a dividend for the three months ended March 31, 2022, compared to nil in 2021[91]. Future Outlook - The Group anticipates continued business disruptions due to the Covid-19 pandemic, impacting supply chains and project timelines throughout 2022[57]. - The Group is optimistic about future business prospects despite ongoing challenges from the COVID-19 pandemic[59]. - The Group aims to adhere to its core philosophy of "Building a Green World" while enhancing stakeholder value through quality, innovation, and efficiency[59]. - The Group's core philosophy focuses on "Building a Green World," emphasizing quality, innovation, and effectiveness in its business expansion strategies[57]. Miscellaneous - No share options were granted, exercised, lapsed, or cancelled during the reporting period[92][97]. - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[90][94]. - The Share Option Scheme, adopted on August 2, 2014, is valid for 10 years[92].
朝威控股(08059) - 2022 Q1 - 季度财报