Financial Performance - Revenue for the three months ended March 31, 2023, amounted to approximately HK$23.9 million, representing an increase of approximately 45.7% compared to HK$16.4 million for the same period in 2022[9]. - Net loss for the period was approximately HK$3.6 million, a decrease of HK$1.8 million from a net loss of approximately HK$5.4 million in the corresponding period of last year[9]. - Basic and diluted loss per share was approximately HK0.37 cents, improved from approximately HK0.49 cents in 2022[9]. - Gross profit for the period was approximately HK$7.1 million, compared to HK$3.9 million in the same period last year, indicating a significant improvement[11]. - Operating loss decreased to approximately HK$1.8 million from HK$4.4 million in the previous year, reflecting better operational efficiency[11]. - Total comprehensive loss for the period was approximately HK$3.3 million, down from HK$5.3 million in the same period last year[11]. - Other income and net gains for the period were approximately HK$654,000, an increase from HK$353,000 in the previous year[11]. - The operating loss for the three months ended March 31, 2023, was HK$3,759,000, an improvement from a loss of HK$4,963,000 in the same period of 2022[44]. - Basic loss per share for the period was HK$0.0037, compared to HK$0.0049 for the same period in 2022[44]. - Net loss attributable to the owners of the Company decreased by approximately HK$1.2 million from approximately HK$5.0 million for PE2022 to approximately HK$3.8 million for the Reporting Period[72]. Revenue Breakdown - Revenue for the three months ended March 31, 2023, was HK$23,861,000, an increase of 45.2% compared to HK$16,425,000 for the same period in 2022[31]. - Revenue from concrete demolition services was HK$14,569,000, slightly up from HK$14,426,000 in the previous year[31]. - Revenue from the manufacturing and trading of prefabricated construction components surged to HK$9,292,000 from HK$1,999,000, representing a growth of 364.4%[31]. - Revenue from private sector projects decreased to HK$9,582,000 from HK$13,037,000, while revenue from public sector projects increased to HK$4,987,000 from HK$1,389,000[54]. - Revenue from prefabricated construction increased by HK$7.3 million from HK$2.0 million for PE2022 to HK$9.3 million for the Reporting Period[69]. - Revenue from concrete demolition services increased by HK$0.2 million from HK$14.4 million for PE2022 to HK$14.6 million for the Reporting Period[67]. Expenses and Costs - Administrative and other operating expenses increased to approximately HK$9.6 million from HK$8.6 million, indicating rising operational costs[11]. - Staff costs, including directors' remuneration, increased to HK$9,560,000 from HK$9,186,000 year-on-year[35]. - The company reported a finance cost of approximately HK$1.8 million, slightly higher than HK$1.5 million in the previous year[11]. - Administrative and other operating expenses increased by approximately HK$1.0 million from approximately HK$8.6 million for PE2022 to approximately HK$9.6 million for the Reporting Period[71]. Shareholder Information - As of March 31, 2023, Lai Xiaoliang, the Chief Executive, holds a beneficial interest in fixed rate bonds amounting to HK$5,800,000[81]. - No directors or chief executives had any short positions in shares, underlying shares, or debentures of the Company as of March 31, 2023[82]. - Huang Cheng is a substantial shareholder with 188,620,000 shares, representing approximately 18.66% of total shareholdings[85]. - Zhu Zhou is another substantial shareholder with 129,000,000 shares, representing approximately 12.76% of total shareholdings[85]. Dividends and Corporate Governance - The Board does not recommend the payment of a dividend for the three months ended March 31, 2023, consistent with the previous year[9]. - The Company did not recommend any dividend for the three months ended March 31, 2023, consistent with the previous year[39]. - The Company has complied with the applicable code provisions of the Corporate Governance Code during the Reporting Period, with some deviations noted[89]. - The Company confirmed that there were no competing interests among the directors during the Reporting Period[87]. Future Outlook and Business Operations - The Company continues to operate on a going-concern basis, assuming the continuity of normal business activities[21]. - The Company is optimistic about future growth prospects despite economic challenges, adhering to the core philosophy of "Building a Green World"[59]. - The Group is looking to expand its prefabricated construction business in overseas markets, particularly in countries along the Belt and Road[58]. - The Group established its own production facilities and construction project team in Huizhou, PRC, focusing on precast concrete components and glass fiber reinforced cement components[58]. Accounting and Reporting - The Group's financial statements for the three months ended March 31, 2023, were prepared in accordance with Hong Kong Financial Reporting Standards (HKFRS) and have not been audited but reviewed by the audit committee[20]. - The Group has not applied any new amendments to HKFRS that have been issued but not yet effective, indicating a conservative approach to accounting changes[25]. - The financial statements are presented in Hong Kong dollars (HK$), consistent with the Company's functional currency[22]. - The Group's accounting policies and basis of preparation for the financial statements are consistent with those adopted in the annual financial statements for the year ended December 31, 2022[20]. - The Audit Committee has reviewed the unaudited consolidated financial statements for the Reporting Period[98]. - The Company did not purchase, sell, or redeem any of its listed securities during the Reporting Period[88]. - No share options were granted, exercised, lapsed, or cancelled during the Reporting Period[96].
朝威控股(08059) - 2023 Q1 - 季度财报