Revenue and Profitability - The group's revenue increased from approximately HKD 279,589,000 for the nine months ended September 30, 2021, to approximately HKD 319,053,000 for the same period in 2022, representing a growth of about HKD 39,464,000 or 14.1%[9] - The net profit attributable to the owners of the company for the nine months ended September 30, 2022, was approximately HKD 16,257,000, an increase from approximately HKD 12,981,000 for the same period in 2021[10] - The company reported a basic and diluted earnings per share of HKD 3.3 for the nine months ended September 30, 2022, compared to HKD 2.7 for the same period in 2021[12] - The increase in net profit was primarily due to the rise in revenue during the reporting period[10] - The company’s total comprehensive income for the period was approximately HKD 16,255,000, compared to HKD 12,979,000 for the same period in 2021[12] - For the nine months ended September 30, 2022, the group reported a profit attributable to ordinary equity holders of HKD 16,257,000, compared to HKD 12,981,000 for the same period in 2021, representing a year-on-year increase of approximately 25.5%[34] Gross Profit and Margins - The gross profit for the nine months ended September 30, 2022, was approximately HKD 17,721,000, with a gross margin of 5.6%, compared to a gross profit of approximately HKD 28,868,000 and a gross margin of 10.3% for the same period in 2021[9] - The company experienced a decline in gross margin due to pending final accounts and change orders for several construction projects[9] - Revenue from public sector tunnel construction services rose to approximately HKD 164,771,000, an increase of HKD 13,109,000 or 8.6% compared to HKD 151,662,000 in the previous year[53] - Revenue from public sector utility construction services increased to approximately HKD 149,488,000, up by HKD 24,466,000 or 19.6% from HKD 125,022,000 in the same period of 2021[53] Expenses and Costs - Administrative expenses for the nine months ended September 30, 2022, were approximately HKD 18,243,000, compared to HKD 16,901,000 for the same period in 2021[12] - The profit before tax for the nine months ended September 30, 2022, was impacted by employee benefits expenses amounting to HKD 190,846,000, compared to HKD 123,104,000 in the previous year, reflecting a 55% increase[30] - The cost of subcontracting for the nine months ended September 30, 2022, was HKD 29,444,000, down from HKD 36,517,000 in the same period of 2021, indicating a 19% reduction[30] - The company reported a decrease in construction material costs, with expenses of HKD 48,416,000 for the nine months ended September 30, 2022, down from HKD 74,732,000 in the previous year, representing a 35% decrease[30] - Employee costs increased significantly by HKD 66,739,000 or 57.7%, rising from approximately HKD 115,573,000 to HKD 182,312,000[55] Government Grants and Other Income - Other income for the nine months ended September 30, 2022, totaled HKD 17,177,000, a substantial increase from HKD 3,594,000 in the same period of 2021, primarily driven by government grants[28] - The company received government grants of HKD 14,546,000 under the Employment Support Scheme, which was utilized to support employee salaries[28] Construction Projects and Contracts - The company is currently engaged in construction projects, including the Tseung Kwan O-Lam Tin Tunnel and the Central Kowloon Route, which contributed to the revenue growth[9] - The group secured 14 public construction projects and four private sector projects, with a total contract value of approximately HKD 896,406,000 and HKD 3,746,000, respectively, during the nine months ended September 30, 2022[44] - The group received two infrastructure construction contracts in Tung Chung East on August 19, 2022, with a total contract value of approximately HKD 711 million, expected to be completed by the end of 2025[44] - The total amount of new contracts confirmed as revenue after September 30, 2022, and backlog transferred from 2021 is approximately HKD 1,047,128,000[45] Financial Position and Compliance - The company’s financial position remains stable, with total equity attributable to owners of the company at approximately HKD 79,661,000 as of September 30, 2022[14] - The effective tax rate for Hong Kong profits tax was calculated at 16.5% for the nine months ended September 30, 2022, consistent with the previous year[31] - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[18] - The company has maintained compliance with the GEM Listing Rules and corporate governance codes since its listing on February 22, 2017[76] Shareholder Information - As of September 30, 2022, major shareholders Du Yanbing and Zhuang Roujia each hold 290,120,000 shares, representing 59.5% of the company's issued share capital[74] - Wu Guolun holds 39,500,000 shares, accounting for 8.1% of the company's issued share capital[74] Dividends and Share Options - The group did not recommend any dividend payment for the nine months ended September 30, 2022, consistent with the previous year[32] - No share options have been granted or issued by the company as of September 30, 2022[81] Risks and Events - The group did not face significant foreign currency risks as all transactions were denominated in HKD[66] - There were no significant events after the reporting period that could materially affect the group's operations and financial performance[68]
骏杰集团控股(08188) - 2022 Q3 - 季度财报