Financial Performance - The Group's revenue for the nine months ended December 31, 2022, was approximately HK$110.6 million, a decrease of approximately HK$19.2 million or 14.8% compared to HK$129.8 million for the same period in 2021[18]. - The gross profit for the nine months ended December 31, 2022, amounted to approximately HK$22.4 million, down from approximately HK$36.9 million in 2021[18]. - The net loss for the nine months ended December 31, 2022, was approximately HK$9.4 million, compared to a net profit of approximately HK$4.7 million in 2021[19]. - The financial highlights indicate a significant decline in both revenue and gross profit, reflecting challenges faced by the Group in the current market environment[18]. - The Group's performance indicates a shift from profitability to a net loss, highlighting potential operational or market challenges[19]. - Revenue for the nine months ended December 31, 2022, was HK$110,601,000, a decrease of 14.7% compared to HK$129,775,000 in the same period of 2021[23]. - Gross profit for the same period was HK$22,372,000, down 39.0% from HK$36,894,000 year-on-year[23]. - The company reported a loss before tax of HK$9,376,000, compared to a profit of HK$5,803,000 in the previous year[23]. - Comprehensive loss attributable to owners of the company was HK$9,376,000, a significant decline from a profit of HK$4,676,000 in the prior year[23]. - Basic loss per share was HK(2.35) cents, compared to earnings of HK1.18 cents per share in the same period last year[23]. - Administrative expenses increased to HK$32,438,000, up from HK$31,706,000 in the previous year, reflecting a rise of 2.3%[23]. - Other income rose significantly to HK$6,424,000 from HK$490,000, indicating a substantial increase in non-operating income[23]. - The company’s total equity as of December 31, 2022, was HK$172,285,000, down from HK$189,427,000 at the end of March 2022[25]. - The company has not declared any dividends for the period, maintaining a focus on retaining earnings amid losses[25]. Revenue Breakdown - Revenue from Transportation Mission Critical System Solutions was HK$20,104,000, down 17.5% from HK$24,219,000 in 2021[43]. - Revenue from Mobile Ticketing and Digital Payment Solutions and Services decreased by 47.8%, from HK$21,338,000 in 2021 to HK$11,163,000 in 2022[43]. - Digital Fabrication and Maintenance Services revenue fell by 34.5%, from HK$26,417,000 in 2021 to HK$17,344,000 in 2022[43]. - M&E Technology Solutions and Engineering Services revenue increased by 5.4%, from HK$54,095,000 in 2021 to HK$57,175,000 in 2022[43]. - Revenue from the sales of products, parts, and components increased to approximately HK$4.8 million from HK$3.7 million in 2021[89]. Taxation and Legal Matters - The Group did not incur any current income tax expense for the period, compared to HK$808,000 in the previous year[55]. - The total tax expense for the period was HK$0, down from HK$1,127,000 in 2021[55]. - The Group's effective tax rate remains at 16.5% for the current period, consistent with the previous year[55]. - The Group is currently engaged in legal proceedings to recover long outstanding trade receivables as of February 8, 2023[111]. Shareholding and Corporate Governance - As of December 31, 2022, Mr. Luk Kam Ming holds 157,000,000 shares, representing approximately 38.77% of the company's shareholding[131]. - Mr. Luk Kwai Lung has an interest in 138,000,000 shares, accounting for about 34.08% of the company's shareholding[131]. - Mr. Luk Yin Cheung owns 138,600,000 shares, which is approximately 34.23% of the company's shareholding[131]. - Mr. Chan Chak Lun Philip holds 4,000,000 shares, representing about 0.99% of the company's shareholding[131]. - The total number of issued shares as of December 31, 2022, is 404,960,000[134]. - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the nine months ending December 31, 2022[129]. - There were no changes in the interests of directors that required disclosure under GEM Listing Rules as of the report date[128]. - No other directors or chief executives had interests or short positions in the company's shares that required notification as of December 31, 2022[132]. - The company did not disclose any other persons with interests in shares that required reporting under the SFO as of December 31, 2022[139]. Future Outlook and Strategic Initiatives - The Group aims to participate in upcoming MTR network extension projects expected to commence between 2023 and 2025, with completion projected between 2029 and 2034[92]. - The Group is expanding its business scope by engaging in electric vehicle charging projects, having completed the Tai O Medium EV Charging Station Installation Project[94]. - The Group is applying robotic technology for secure transport of coins and banknotes in crowded railway stations, currently in the testing phase[95]. - The company is focusing on streamlining internal resources and clearing outstanding contracts to adapt to the challenging economic environment[70]. Compliance and Reporting - The report emphasizes the importance of careful consideration for prospective investors due to the higher investment risks associated with companies listed on GEM[2]. - The Group's financial data is available on its website, ensuring transparency and accessibility for stakeholders[6]. - The report is prepared in compliance with the GEM Listing Rules, affirming the Group's commitment to regulatory standards[5]. - The Group has adopted revised HKFRSs, which had no material effect on the financial results for the current or prior periods[40].
高萌科技(08065) - 2023 Q3 - 季度财报