Financial Performance - Revenue for the three months ended June 30, 2023, was HK$145,924,000, representing an increase of 9.1% compared to HK$133,639,000 for the same period in 2022[11] - Gross profit for the same period was HK$24,170,000, up from HK$22,968,000, indicating a gross margin improvement[11] - Loss before tax for the period was HK$3,670,000, compared to a loss of HK$3,305,000 in the previous year[11] - Loss attributable to owners of the Company for the period was HK$3,945,000, slightly higher than the loss of HK$3,760,000 in 2022[12] - Total comprehensive expense for the period was HK$8,901,000, compared to HK$8,617,000 in the same period last year[12] - Total revenue for the three months ended June 30, 2023, was HK$145,924,000, representing an increase of 9.6% from HK$133,639,000 in the same period of 2022[28] - The Group reported a consolidated loss before tax of HK$3.67 million for the three months ended June 30, 2023, compared to a loss of HK$3.31 million in the same period of 2022[50] - The gross profit increased by approximately 5.23% from HK$23.0 million for the three months ended June 30, 2022, to approximately HK$24.2 million for the three months ended June 30, 2023[77] Revenue Breakdown - Revenue from property management and related services was HK$145,487,000, up from HK$133,157,000, indicating a growth of 9.2% year-over-year[28] - Revenue from Hong Kong was HK$138,559,000, up from HK$125,136,000, marking a growth of 10.6%[31] - Revenue from the People's Republic of China decreased to HK$6,928,000 from HK$8,021,000, a decline of 13.6%[31] - Property management services revenue was HK$131,778,000, an increase from HK$124,985,000, representing a growth of 5.7%[31] - Stand-alone security services revenue rose to HK$13,709,000 from HK$8,172,000, indicating a significant increase of 67.5%[31] - The Group derived revenue of approximately HK$13.7 million from stand-alone security services contracts for the three months ended June 30, 2023, representing approximately 9.39% of its total revenue[74] Expenses and Costs - Administrative expenses rose to HK$19,767,000 from HK$16,977,000, marking an increase of 16.6%[11] - Other income decreased significantly to HK$265,000 from HK$2,251,000, a decline of 88.2%[11] - Finance costs decreased to HK$134,000 from HK$180,000, showing a reduction of 25.6%[11] - Staff costs increased to HK$126.2 million for the three months ended June 30, 2023, compared to HK$116.3 million in the same period of 2022, reflecting a rise of 8.5%[55] - Other operating expenses decreased by approximately 27.2% to approximately HK$7.6 million for the three months ended June 30, 2023, compared to HK$10.4 million in 2022[82] Assets and Liabilities - Reportable segment assets totaled HK$340,314,000 as of June 30, 2023, compared to HK$342,753,000 as of March 31, 2023, showing a slight decrease of 0.7%[44] - Total consolidated assets decreased to HK$352.9 million as of June 30, 2023, from HK$366.0 million as of March 31, 2023[50] - The Group's total liabilities decreased to HK$83.5 million as of June 30, 2023, from HK$87.7 million as of March 31, 2023[50] Corporate Governance - The Board is committed to high standards of corporate governance, ensuring transparency and accountability to all shareholders[100] - The Company has complied with all Corporate Governance Code provisions except for the separation of roles between the chairman and chief executive officer[102] - The Company has adopted the GEM Listing Rules as the code of conduct for securities transactions by directors, with no reported noncompliance during the reporting period[130] - The Company has established procedures for shareholders to propose candidates for election as Directors at general meetings[163] Shareholder Information - Mr. Huang Liming holds a long position of 626,071,950 shares, representing approximately 55.45% of the issued share capital of the Company[117] - Heng Sheng Capital Limited, wholly owned by H Family Company Limited, is the beneficial owner of the same number of shares, confirming the 55.45% ownership[118] - HSBC International Trustee Limited acts as the trustee for H Trust, which encompasses the entire issued share capital of H Family Company Limited, further solidifying the ownership structure[128] - The Company confirms that there is sufficient public float of at least 25% of the issued shares as of the latest practicable date prior to the report[182] Future Outlook - The property management business is expected to expand due to increasing housing stock production in Hong Kong[85] - The company is actively expanding its market presence, aiming to enhance user engagement and service offerings[190] - Future outlook includes the introduction of new products and technologies to drive growth and improve customer satisfaction[190]
时时服务(08181) - 2024 Q1 - 季度财报