Financial Performance - The Group's revenue for the nine months ended December 31, 2021, was approximately HK$129.8 million, a decrease of approximately HK$46.3 million or 26.3% compared to HK$176.1 million for the same period in 2020[19] - Gross profit for the nine months ended December 31, 2021, amounted to approximately HK$36.9 million, down from approximately HK$49.1 million in 2020[19] - The net profit for the nine months ended December 31, 2021, was approximately HK$4.7 million, a significant decrease from approximately HK$26.2 million in 2020[20] - Revenue for the nine months ended December 31, 2021, was HK$129,775,000, a decrease of 26.2% from HK$176,053,000 in the same period of 2020[24] - Profit before tax decreased significantly to HK$5,803,000, a decline of 80.4% compared to HK$29,454,000 in the previous year[24] - Profit attributable to owners of the Company for the period was HK$4,676,000, down 82.2% from HK$26,228,000 in the prior year[24] - Basic earnings per share decreased to HK1.18 cents, down 82.2% from HK6.62 cents in the same period last year[24] - The Group's gross profit decreased by approximately 24.8% from approximately HK$49.1 million for the nine months ended 31 December 2020 to approximately HK$36.9 million for the same period in 2021[93] - The Group recorded a net profit attributable to owners of approximately HK$4.7 million for the nine months ended December 31, 2021, a significant decrease from approximately HK$26.2 million in 2020[95] Dividend and Governance - The Board does not recommend a payment of an interim dividend for the nine months ended December 31, 2021, consistent with the previous year[20] - The Group did not recommend any dividend for the nine months ended December 31, 2021[52] - The company has complied with all applicable code provisions of the Corporate Governance Code during the nine months ended December 31, 2021[102] - The Audit Committee reviewed the unaudited condensed consolidated results for the nine months ended December 31, 2021, and confirmed compliance with applicable accounting standards[104] Market Conditions and Risks - The financial highlights indicate a challenging market environment impacting revenue and profit margins for the Group[19] - The Group's performance reflects ongoing market volatility and potential risks associated with small and mid-sized companies listed on GEM[3] - The report emphasizes the importance of careful consideration for prospective investors due to the higher investment risks associated with GEM-listed companies[2] - The Group continues to monitor market conditions and may adjust strategies accordingly to navigate the current economic landscape[19] Revenue Breakdown by Segment - The Group's revenue from Transportation Mission Critical System Solutions was HK$24,219,000, down 29.0% from HK$34,089,000 in 2020[41] - Revenue from Mobile Ticketing and Digital Payment Solutions was HK$21,338,000, a decrease of 30.6% from HK$30,782,000 in 2020[41] - Revenue from Digital Fabrication and Maintenance Services was HK$26,417,000, down 19.0% from HK$32,641,000 in 2020[41] - Revenue from M&E Technology Solutions and Engineering Services was HK$54,095,000, a decrease of 27.2% from HK$74,332,000 in 2020[41] - Revenue from the M&E Technology Solutions and Engineering Services segment amounted to approximately HK$54.1 million, down from approximately HK$74.3 million in 2020, representing a decrease of about 27.1%[79] Contracts and Tenders - For the nine months ended 31 December 2021, the Group submitted 288 tenders and quotations, an increase from 272 in 2020, with 95 contracts awarded compared to 107 in 2020[62] - The value of outstanding contracts as of 31 December 2021 was approximately HK$542.2 million, up from approximately HK$323.2 million in 2020, including HK$275.2 million awarded during the nine months[62] - The total value of outstanding contracts for the M&E Technology Solutions and Engineering Services segment was approximately HK$283.4 million as of 31 December 2021[82] Administrative and Financial Costs - Administrative expenses were reduced to HK$31,706,000, a slight decrease of 1.9% from HK$32,327,000 in the previous year[24] - Finance costs decreased to HK$148,000, down 32.1% from HK$218,000 year-over-year[24] - Other income significantly dropped to HK$490,000 from HK$12,783,000, indicating a decline of 96.2%[24] - Current income tax expense for the nine months ended December 31, 2021, was HK$808,000, significantly lower than HK$2,668,000 in 2020[48] Shareholding and Directors' Interests - As of December 31, 2021, the total number of issued shares was 402,500,000[118] - Mr. KM Luk holds 100,000,000 shares directly and is deemed to be interested in an additional 57,000,000 shares held by his spouse, totaling 157,000,000 shares, representing 39.01% of the company[118] - Mr. KL Luk and Mr. YC Luk each have an interest in a controlled corporation, KML Holdings, which holds 138,000,000 shares, representing 34.29% of the company[121] - Madam Leung holds 157,000,000 shares, representing 39.01% of the company, including interests from her spouse[121] - Ms. Chan Patricia has an interest in 138,000,000 shares through her spouse, representing 34.29%[121] - Madam Woo holds 138,600,000 shares, representing 34.43% of the company, including interests from her spouse[121]
高萌科技(08065) - 2022 Q3 - 季度财报