Financial Performance - The Group's revenue for the three months ended June 30, 2023, was approximately HK$49.8 million, representing an increase of approximately HK$13.9 million or approximately 38.7% compared to HK$35.9 million for the same period in 2022[20]. - The gross profit for the Reporting Period amounted to approximately HK$11.0 million, up from approximately HK$8.4 million in 2022[20][23]. - The net profit for the Reporting Period was approximately HK$1.2 million, compared to approximately HK$0.7 million in 2022[21][24]. - Revenue for the three months ended June 30, 2023, was HK$49,822,000, representing a 38.6% increase from HK$35,942,000 in the same period of 2022[28]. - Gross profit for the same period was HK$10,974,000, up 30.5% from HK$8,419,000 year-over-year[28]. - Profit before tax increased to HK$1,362,000, a 69.1% rise compared to HK$805,000 in the previous year[28]. - Profit attributable to owners of the Company for the period was HK$1,211,000, which is a 73.0% increase from HK$700,000 in the same period last year[28]. - Basic and diluted earnings per share for the period were both HK$0.30 cents, compared to HK$0.18 cents in the prior year, reflecting a 66.7% increase[28]. Dividend Policy - The Board does not recommend a payment of an interim dividend for the Reporting Period, consistent with the previous year[21][25]. - The Group does not recommend the payment of any dividend for the reporting period, consistent with the previous year[57]. Revenue Segmentation - Revenue from Mobile Ticketing and Digital Payment Solutions increased significantly to HK$12,982,000, up 223.5% from HK$4,010,000 in the previous year[47]. - Revenue from the Transportation Mission Critical System Solutions segment decreased by approximately 52.9%, amounting to HK$3.2 million compared to HK$6.8 million in 2022[72][73]. - The Mobile Ticketing and Digital Payment Solutions segment saw a revenue increase of approximately 225.0%, reaching HK$13.0 million from HK$4.0 million in 2022[76][77]. - Revenue from the Digital Fabrication and Maintenance Services segment increased slightly to approximately HK$6.0 million from HK$5.5 million in 2022[80][81]. - The M&E Technology Solutions and Engineering Services segment generated revenue of approximately HK$27.4 million, an increase of approximately 58.4% from HK$17.3 million in 2022[83]. - Revenue from the Sales of Products, Parts and Components segment significantly decreased to approximately HK$0.2 million from HK$2.4 million in 2022[85]. - The revenue from the electromechanical technology solutions and engineering services segment was approximately HK$27.4 million, an increase of approximately 58.4% from HK$17.3 million in 2022, primarily due to the installation phase of several major projects[86]. Cost and Expenses - Administrative expenses slightly increased to HK$10,279,000 from HK$10,088,000, indicating a 1.9% rise year-over-year[28]. - Other income decreased to HK$799,000 from HK$3,324,000, a decline of 76.0% compared to the same period in 2022[28]. - Finance costs rose to HK$119,000 from HK$68,000, marking a 75.0% increase year-over-year[28]. - The cost of sales increased by approximately 41.1% from approximately HK$27.5 million in 2022 to approximately HK$38.8 million in the Reporting Period, mainly due to rising material and project staff costs[97]. Shareholding and Corporate Governance - As of June 30, 2023, Mr. KM Luk holds 157,000,000 shares, representing approximately 38.77% of the company's shareholding[119]. - Mr. KL Luk and Mr. YC Luk each have an interest in a controlled corporation, KML Holdings, which holds 138,000,000 shares, accounting for about 34.08% of the company's shareholding[125]. - The total number of issued shares as of June 30, 2023, is 404,960,000[122]. - Mr. CL Chan directly holds 5,000,000 shares, which is approximately 1.23% of the company's shareholding[119]. - Madam Leung, as a beneficial owner, has an interest in 157,000,000 shares, equivalent to 38.77% of the company's shareholding[125]. - Mr. YC Luk is deemed to be interested in an additional 1,000,000 shares through his spouse, increasing his total interest[122]. - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[117]. - No other directors or chief executives had any interest or short position in the shares or debentures of the company as of June 30, 2023[120]. - The interests of substantial shareholders include KML Holdings with 138,000,000 shares, representing 34.08% of the company[125]. - The company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests and short positions[123]. - Mr. KL Luk and Mr. YC Luk each own one common share in KML Holdings, representing 50% of the issued share capital carrying voting rights[129]. - Madam Woo is deemed to be interested in 138,000,000 shares held by Mr. YC Luk, along with direct holdings of 300,000 shares and options for up to 700,000 shares[129]. - During the reporting period, the company had no arrangements enabling directors to acquire benefits through shares or debentures[130]. - None of the directors or controlling shareholders engaged in any competing business during the reporting period[131]. Future Outlook - The Group anticipates challenges in the business environment in Hong Kong, including talent shortages and rising costs, which may negatively impact financial performance[90]. - The Group is exploring strategies to optimize its cost structure and enhance project execution capabilities through artificial intelligence technology[91]. - Future focus will be on catching up on delayed projects and prioritizing strategic opportunities, such as upcoming railway network extension projects in Hong Kong[92].
高萌科技(08065) - 2024 Q1 - 季度财报