Financial Performance - Revenue for the nine months ended March 31, 2022, was HK$280,974,000, representing an increase of 6.4% compared to HK$262,633,000 for the same period in 2021[12]. - Gross profit for the three months ended March 31, 2022, was HK$8,955,000, up 12.4% from HK$7,963,000 in the same period of 2021[12]. - Profit before taxation for the nine months ended March 31, 2022, was HK$15,177,000, a decrease of 17.9% from HK$18,400,000 in the previous year[12]. - Profit for the period attributable to owners of the Company for the three months ended March 31, 2022, was HK$3,690,000, compared to HK$214,000 in the same period of 2021[13]. - Earnings per share for the three months ended March 31, 2022, was 0.68 HK cents, compared to 0.04 HK cents in the same period of 2021[13]. - Total comprehensive income for the period attributable to owners of the Company for the nine months ended March 31, 2022, was HK$14,590,000, down from HK$18,518,000 in the previous year[13]. - The Company reported other income of HK$4,691,000 for the nine months ended March 31, 2022, compared to HK$13,630,000 in the same period of 2021[12]. - For the nine months ended March 31, 2022, service income from Environmental and Cleaning services was HK$271,529,000, representing an increase of 6.3% from HK$253,927,000 in the same period of 2021[28]. - Total turnover for the nine months ended March 31, 2022, was HK$280,974,000, compared to HK$262,633,000 for the same period in 2021, marking a growth of 7.0%[28]. - For the nine months ended March 31, 2022, the profit attributable to owners of the Company was HK$14,250,000, compared to HK$16,812,000 for the same period in 2021, representing a decrease of approximately 9.2%[47]. Expenses and Costs - Administrative expenses decreased to HK$13,843,000 for the nine months ended March 31, 2022, from HK$15,466,000 in the previous year, reflecting a cost reduction strategy[12]. - The total staff costs, including directors' emoluments, amounted to HK$152,356,000 for the nine months ended March 31, 2022, an increase of 4.3% from HK$145,856,000 in the same period of 2021[36]. - The depreciation of property, plant, and equipment increased to HK$3,064,000 for the nine months ended March 31, 2022, compared to HK$2,357,000 in the previous year, reflecting a rise of 29.9%[36]. - The current tax provision for the nine months ended March 31, 2022, was HK$868,000, up from HK$761,000 in the same period of 2021, indicating an increase of 14.1%[38]. - The income tax expenses for the nine months ended March 31, 2022, totaled HK$540,000, a decrease from HK$784,000 in the same period of 2021, representing a decline of 30.9%[38]. - The cost of consumable goods for the nine months ended March 31, 2022, was HK$5,096,000, down from HK$5,614,000 in the previous year, reflecting a decrease of 9.2%[36]. Business Operations - The Company continues to focus on expanding its environmental cleaning services in Hong Kong and the PRC, which remains a key growth area[16]. - The money lending business has been operational in Hong Kong since 2017 and expanded to the PRC in 2019[67]. - The Group's operating segments include Environmental and Cleaning services, Money Lending, and Investments, focusing on resource allocation and performance assessment[21]. - The Shanghai operations experienced a revenue decline of approximately HK$6.2 million, recording revenue of approximately HK$20.4 million for the nine months ended March 31, 2022, compared to HK$26.6 million in 2021[78][80]. - The Group is facing higher labor turnover rates in the environmental and cleaning services industry, prompting efforts to transfer increased labor costs to customers and implement stringent cost control measures[94]. - The Shanghai Operations have been significantly impacted by COVID-19 lockdowns, leading to challenges in service contracts bidding and operations[99]. Investments and Financial Assets - The Group invested in financial assets classified as fair value through profit or loss, consisting solely of shares of companies listed on the Stock Exchange[68]. - The Group recorded a revaluation gain of approximately HK$4.4 million on its commercial properties in Hong Kong as of 31 December 2021, a recovery from a loss of approximately HK$0.1 million the previous year[85][88]. - The Group's investment strategy includes continuous review and adjustment of the investment portfolio, resulting in a net unrealized fair value loss of approximately HK$9,000 for the nine months ended March 31, 2022[86][89]. - The Group recognized a net realized gain on disposals of approximately HK$30,000 from investments in financial assets during the nine months ended March 31, 2022, compared to a net realized loss of approximately HK$0.8 million in the previous year[86][89]. - The unrealized fair value loss on Alibaba Group Holding Limited for the nine months ended March 31, 2022 was HK$8,700[93]. Corporate Governance - The Company is committed to maintaining compliance with the GEM Listing Rules and ensuring the accuracy of its financial reporting[6]. - The audit committee reviewed the financial results for the nine months ended March 31, 2022, and confirmed compliance with applicable accounting standards[143]. - The Company has adopted a code of conduct for securities transactions by Directors, with no reported non-compliance during the reporting period[134]. - The Board believes it has complied with the Corporate Governance Code and GEM Listing Rules, with some deviations noted regarding the roles of chairman and CEO[137]. - The Company maintains high standards of corporate governance to safeguard shareholder interests[136]. Shareholder Information - The share option scheme allows for the issuance of up to 54 million shares, representing 10% of the shares in issue as of March 31, 2022[116]. - No share options were granted or outstanding under the share option scheme for the nine months ended March 31, 2022[117]. - As of March 31, 2022, Mr. Yu Shaoheng held a beneficial ownership of 350,536,631 shares, representing 64.91% of the total issued share capital of the company[122]. - Mr. Yu Weiye holds 54,431,400 shares, representing 10.08% of the total issued share capital of the Company[127]. - Ms. Mui Fong, as the spouse of Mr. Yu Weiye, is deemed to be interested in the same 54,431,400 shares[130]. - The board of directors did not recommend any dividend payment for the nine months ended March 31, 2022[109]. - No Directors or controlling shareholders have interests in competing businesses during the reporting period[135].
宝联控股(08201) - 2022 Q3 - 季度财报