Financial Performance - Revenue for the nine months ended September 30, 2022, was approximately HK$80.8 million, representing an increase of approximately 5.8% compared to HK$76.4 million for the same period in 2021[9]. - Net profit for the period was approximately HK$0.3 million, a significant improvement of HK$6.8 million from a net loss of approximately HK$6.5 million in the corresponding period of the previous year[9]. - Basic and diluted loss per share was approximately HK0.03 cents, compared to a loss of approximately HK0.71 cents for the nine months ended September 30, 2021[9]. - Gross profit for the nine months ended September 30, 2022, was approximately HK$24.3 million, compared to HK$22.2 million for the same period in 2021, indicating a positive trend in profitability[11]. - Operating profit for the period was approximately HK$4.6 million, a turnaround from an operating loss of approximately HK$2.1 million in the previous year[11]. - Other income and net gains increased to approximately HK$8.4 million from HK$2.9 million in the corresponding period of 2021, reflecting improved operational efficiency[11]. - Total comprehensive loss for the period was approximately HK$2.1 million, a reduction from HK$6.3 million in the same period last year[11]. - The company reported a loss before income tax of approximately HK$0.2 million, a significant improvement from a loss of approximately HK$6.4 million in the previous year[11]. - The Group's accumulated losses increased to HK$285.0 million as of September 30, 2022, from HK$254.9 million as of September 30, 2021[22]. - The company reported a loss attributable to owners of HK$348,000 for the nine months ended 30 September 2022, compared to a loss of HK$7,151,000 for the same period in 2021[48]. - Net loss attributable to the owners of the Company decreased by approximately HK$6.8 million from approximately HK$7.2 million for PE2021 to approximately HK$0.4 million for the Reporting Period[78]. Dividends and Shareholder Information - The Board does not recommend the payment of dividends for the nine months ended September 30, 2022, consistent with the previous year[9]. - No dividend has been recommended for the nine months ended September 30, 2022, consistent with the previous year[45]. - The company does not recommend payment of an interim dividend for the Reporting Period, consistent with the previous year where no dividend was paid[97]. - As of September 30, 2022, Zhou Jin held 284,500,000 shares, representing approximately 28.15% of the total shareholding[82]. - Huang Cheng held 188,620,000 shares, representing approximately 18.66% of the total shareholding, while Zhu Zhou held 129,000,000 shares, representing approximately 12.76%[86]. Current Liabilities and Financial Position - As of September 30, 2022, the Group reported net current liabilities of HK$11.9 million, a decrease from net current assets of HK$4.6 million as of December 31, 2021[22]. - The Group held total cash and cash equivalents of HK$36.6 million as of September 30, 2022[23]. - Bond payables amounting to HK$5.0 million and HK$0.8 million are due in July 2023 and August 2023, respectively[23]. - Other loans amounting to HK$40.0 million are maturing in November 2022, with plans for renewal discussions with the lender[27]. - The Group continues to evaluate various funding options to meet its debts as they fall due, including raising capital and asset sales[25]. Business Operations and Revenue Sources - The Group's principal business includes providing concrete demolition services and manufacturing prefabricated construction components[17]. - Revenue from concrete demolition services was HK$51.9 million, up 18.8% from HK$43.6 million in 2021[37]. - Revenue from prefabricated construction decreased by HK$3.9 million from HK$32.8 million for the nine months ended September 30, 2021, to HK$28.9 million for the Reporting Period[69]. - Revenue from private sector projects was HK$37.1 million, an increase from HK$35.7 million in the previous year, while revenue from public sector projects rose significantly to HK$14.8 million from HK$8.0 million[58]. - Revenue from concrete demolition services increased by HK$8.3 million from HK$43.6 million in the previous year to HK$51.9 million in the Reporting Period, driven by the recovery in construction demand[73]. Cost Management and Operational Efficiency - The Group has implemented continuous cost control measures to achieve positive cash flow operations[27]. - Administrative and other operating expenses increased by approximately HK$1.1 million from approximately HK$27.1 million for PE2021 to approximately HK$28.2 million for the Reporting Period, primarily due to an increase in legal and professional fees[72]. - The Group reported an impairment loss on trade receivables of HK$797,000, compared to HK$289,000 in 2021[39]. - Depreciation of property, plant, and equipment was HK$3.3 million, compared to HK$3.2 million in the previous year[39]. Corporate Governance and Compliance - The Company has complied with the applicable code provisions of the Corporate Governance Code throughout the Reporting Period, with some deviations noted[90]. - The Audit Committee, established on August 2, 2014, consists of three members and is responsible for reviewing the Group's financial reporting process and internal control system[104]. - All directors confirmed compliance with the required standards of dealings set out in the Code of Conduct during the Reporting Period[96]. - The company has maintained adherence to the Corporate Governance Code throughout the Reporting Period, with reasonable explanations for any deviations[93]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the Reporting Period[92]. Future Outlook and Challenges - The company anticipates ongoing business disruptions due to the Covid-19 pandemic, including border closures and supply chain restrictions[63]. - The company established production facilities in Huizhou, PRC, for the manufacturing and R&D of precast concrete components, targeting the Greater Bay area of China[61]. - The company aims to expand its prefabricated construction business into overseas markets, particularly in countries along the Belt and Road initiative, although progress may be delayed due to the pandemic[61]. - The company remains optimistic about its business prospects, adhering to its core philosophy of "Building a Green World" despite the challenges posed by the pandemic[63].
朝威控股(08059) - 2022 Q3 - 季度财报