Financial Performance - The Group's revenue for the three months ended June 30, 2022, was approximately HK$35.9 million, a decrease of approximately HK$11.4 million or 24.1% compared to HK$47.3 million for the same period in 2021[18]. - The gross profit for the same period was approximately HK$8.4 million, down from approximately HK$16.7 million in 2021[18]. - The net profit for the three months ended June 30, 2022, was approximately HK$0.7 million, a significant decrease from approximately HK$5.8 million in 2021[19]. - Revenue for the three months ended June 30, 2022, was HK$35,942,000, a decrease of 24.0% from HK$47,325,000 in the same period of 2021[23]. - Gross profit for the same period was HK$8,419,000, down 49.6% from HK$16,716,000 year-on-year[23]. - Profit before tax decreased significantly to HK$805,000, compared to HK$6,844,000 in the previous year, representing a decline of 88.2%[23]. - Profit attributable to owners of the Company for the period was HK$700,000, a decrease of 87.9% from HK$5,818,000 in the prior year[23]. - Basic earnings per share dropped to HK0.18 cents from HK1.47 cents, reflecting a decline of 87.8%[23]. - The gross profit decreased by approximately 49.7% from approximately HK$16.7 million for the three months ended June 30, 2021, to approximately HK$8.4 million for the same period in 2022[96]. - Net profit attributable to the owners of the Company was approximately HK$0.7 million for the three months ended June 30, 2022, compared to a net profit of approximately HK$5.8 million in 2021[102]. Dividend and Shareholder Information - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2022, consistent with the previous year where no dividend was paid[19]. - The Board does not recommend the payment of any dividend for the three months ended June 30, 2022[53]. - As of June 30, 2022, the total number of issued shares was 402,500,000[126]. - 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 approximately 39.01% of the company[126]. - KML Holdings, controlled by Mr. KL Luk and Mr. YC Luk, holds 138,000,000 shares, accounting for about 34.29% of the company[129]. - Mr. YC Luk is deemed to be interested in an additional 600,000 shares held by his spouse, bringing his total interest to 138,600,000 shares, which is approximately 34.43%[126]. - Mr. CL Chan directly holds 2,000,000 shares and has options to subscribe for an additional 2,000,000 shares under the Share Option Scheme[126]. - As of June 30, 2022, no other directors or chief executives had any interest or short position in the shares of the company that required disclosure[124]. - Madam Leung, as a beneficial owner and spouse of Mr. KM Luk, holds 157,000,000 shares, representing 39.01% of the company[129]. - Ms. Chan Patricia holds 138,000,000 shares as an interest of spouse, which is approximately 34.29%[129]. Market and Operational Challenges - The Group faced challenges due to COVID-19, impacting operational efficiencies and project delivery progress, with supply chain disruptions affecting project timelines[65]. - The Group's business performance was adversely affected by the outflux of competent staff, which is difficult to replace due to a market shortage[65]. - The Group anticipates ongoing supply chain issues may not be resolved in the short term[91]. - The financial highlights indicate a challenging market environment impacting revenue and profit margins, necessitating strategic adjustments moving forward[18]. Business Segments and Revenue Sources - The principal activity of the Company remains focused on investment holding and providing mechanical and electrical engineering solutions and services[29]. - Revenue from Transportation Mission Critical System Solutions was HK$6,784,000, down 30% from HK$9,701,000 in 2021[42]. - Mobile Ticketing and Digital Payment Solutions revenue decreased by 57% to HK$4,010,000 from HK$9,272,000[42]. - Digital Fabrication and Maintenance Services revenue fell to HK$5,476,000, a decline of 41% from HK$9,230,000[42]. - Revenue from the M&E Technology Solutions and Engineering Services segment generated revenue of approximately HK$17.3 million for the three months ended June 30, 2022, compared to approximately HK$18.0 million in 2021[80]. - Revenue from the Sales of Products, Parts and Components segment increased to approximately HK$2.4 million for the three months ended June 30, 2022, up from approximately HK$1.2 million in 2021[83]. - The Group has diversified its business into five major segments, including transportation system solutions and digital payment services, to meet customer needs[63]. Compliance and Governance - The financial report is prepared in compliance with the GEM Listing Rules, ensuring accuracy and completeness of the information provided[4]. - The report is available in both English and Chinese on the company's website, enhancing accessibility for stakeholders[5]. - The Group has a commitment to transparency and accountability, as indicated by the full responsibility accepted by the Directors for the report's contents[4]. - The Audit Committee reviewed the unaudited condensed consolidated results for the three months ended June 30, 2022, and found them compliant with applicable accounting standards[114]. - The Company has complied with all applicable code provisions of the Corporate Governance Code during the reporting period[109]. Tender and Contract Information - The Group submitted 55 tenders and quotations during the three months ended June 30, 2022, compared to 71 in 2021, with 19 contracts awarded, down from 27 in 2021[64]. - As of June 30, 2022, the total value of outstanding contracts was approximately HK$531.4 million, an increase of 46.2% from approximately HK$363.6 million in 2021[64]. - The total value of outstanding contracts for the M&E Technology Solutions and Engineering Services segment increased to approximately HK$301.3 million as of June 30, 2022, from approximately HK$174.9 million in 2021[81]. - The total value of outstanding contracts in the Mobile Ticketing and Digital Payment Solutions segment was approximately HK$151.3 million, up 14.0% from approximately HK$132.6 million in 2021[70]. Research and Development - Significant progress was made in R&D projects, including the application of robotic technology and IoT for future Smart City initiatives[90]. Other Information - The Company has not disclosed any new products or technologies in the provided reports[130]. - There are no updates on market expansion or mergers and acquisitions in the current financial report[130]. - During the three months ended June 30, 2022, there were no arrangements enabling Directors to acquire shares or debentures of the Company[134]. - None of the Directors or controlling shareholders had interests in any competing business during the three months ended June 30, 2022[135].
高萌科技(08065) - 2023 Q1 - 季度财报