Financial Performance - Revenue for the nine months ended December 31, 2022, was HK$412,436,000, representing an increase of 5.8% compared to HK$392,156,000 for the same period in 2021[11]. - Gross profit for the nine months ended December 31, 2022, was HK$71,386,000, a decrease of 5.0% from HK$75,251,000 in the previous year[11]. - The loss for the period was HK$19,087,000, compared to a profit of HK$1,887,000 for the same period in 2021, indicating a significant decline in performance[11]. - Basic loss per share for the nine months ended December 31, 2022, was HK$1.69, compared to earnings of HK$0.18 in the previous year[11]. - Total comprehensive income for the period ended December 31, 2022, was HK$4,451,000, down from HK$16,881,000 in the previous year[24]. - The Group's consolidated loss before tax for the nine months ended December 31, 2022, was HK$18,055,000, compared to a profit of HK$4,216,000 in 2021[47]. - Profit attributable to owners of the Company decreased by approximately 1,111% from a profit of approximately HK$1.9 million for the nine months ended December 31, 2021, to a loss of approximately HK$19.1 million for the nine months ended December 31, 2022, resulting in a net profit margin decline from approximately 0.5% to -4.6%[80]. Revenue Breakdown - Revenue from property management and related services for the nine months ended December 31, 2022, was HK$411,261,000, up from HK$388,033,000 in the previous year, indicating a growth of 6.0%[26]. - Revenue from property management services for the nine months ended December 31, 2022, was HK$383.4 million, up 5.2% from HK$364.4 million in the same period of 2021[30]. - Revenue from Hong Kong for the nine months ended December 31, 2022, was HK$385,885,000, an increase of 6% from HK$364,093,000 in 2021[49]. - Revenue from property management services contracts was approximately HK$383.4 million, accounting for 92.9% of total revenue, reflecting a 5.2% increase from HK$364.5 million in the previous year[75][73]. Expenses and Costs - Administrative expenses increased to HK$68,850,000 for the nine months ended December 31, 2022, up from HK$46,289,000 in 2021, reflecting a rise of 48.8%[11]. - Staff costs for the nine months ended December 31, 2022, rose to HK$370,332,000, up from HK$322,508,000 in 2021[54]. - Other operating expenses increased by approximately 38.5% to approximately HK$27.8 million for the nine months ended December 31, 2022, compared to HK$20.0 million in the same period of 2021[83]. Assets and Equity - The Group's equity at December 31, 2022, was HK$285,959,000, compared to HK$323,351,000 at December 31, 2021, reflecting a decrease of 11.5%[24]. - Total assets decreased to HK$369,773,000 as of December 31, 2022, down from HK$397,785,000 as of March 31, 2022[47]. - The Group's retained profits as of December 31, 2022, were HK$75,748,000, a decrease from HK$124,464,000 at the end of the previous year[24]. Loans and Interest - Loan interest income from money lending decreased to HK$138,000 for the nine months ended December 31, 2022, compared to HK$3,049,000 in the same period of 2021[26]. - The total interest expense for the nine months ended December 31, 2022, was HK$461,000, compared to HK$330,000 in the same period of 2021[45]. - The Group had no loan receivables as of 31 December 2022, a decrease from HK$24.0 million as of 31 March 2022[69][70]. Corporate Governance - The company has complied with all Corporate Governance Code provisions except for the separation of roles between the chairman and chief executive, which has not been established since September 8, 2015[126]. - The company has not appointed a chief executive officer since September 8, 2015, with daily operations managed by executive directors and senior management[127]. - The company has adopted the Corporate Governance Code to enhance public accountability and corporate governance[125]. COVID-19 Impact - The Group has been monitoring the impact of COVID-19 and confirmed no material adverse change in its financial and operating position up to the date of the report[118]. - The Group will continue to assess the impact of COVID-19 and implement relevant measures as necessary[119]. - The company has been closely monitoring the impact of COVID-19 on its operations and has not experienced any significant adverse changes in its financial and operational status as of the report date[121]. Shareholder Information - Huang Liming holds 626,071,950 shares, representing approximately 55.45% of the issued share capital of the company[137]. - Heng Sheng Capital Limited is the beneficial owner of 626,071,950 shares, representing 55.45% of the issued share capital of the Company[147]. - The company confirms a sufficient public float of at least 25% of its issued shares as of the latest practicable date prior to the report's issuance[197].
时时服务(08181) - 2023 Q3 - 季度财报