Financial Performance - For the nine months ended March 31, 2023, the Group reported revenue of HK$292,578,000, a 4.3% increase from HK$280,974,000 in the same period of 2022[10] - Gross profit for the nine months was HK$21,569,000, down 20.7% from HK$27,152,000 in the previous year[10] - Profit before taxation for the nine months decreased to HK$3,038,000, a decline of 80% compared to HK$15,177,000 in the same period of 2022[10] - The Group's profit for the period attributable to owners was HK$2,409,000, down 83.1% from HK$14,250,000 in the previous year[11] - Basic and diluted earnings per share for the nine months were HK$0.45, compared to HK$2.64 in the same period of 2022[11] - For the three months ended March 31, 2023, revenue was HK$100,431,000, an increase of 5.4% from HK$94,815,000 in the same period of 2022[10] - The Group's profit for the three months was a loss of HK$91,000, compared to a profit of HK$3,785,000 in the same period of 2022[11] - The Group reported total comprehensive income for the nine months of HK$1,803,000, down from HK$14,977,000 in the same period of 2022[11] Revenue Sources - The Group's revenue from Environmental and Cleaning services for the nine months ended March 31, 2023, was HK$288,680,000, an increase from HK$271,529,000 in the same period of 2022, representing a growth of approximately 6.2%[27] - Interest income from Money Lending decreased to HK$3,898,000 for the nine months ended March 31, 2023, down from HK$9,445,000 in the previous year, reflecting a decline of approximately 58.8%[27] - The Group's revenue from other sources, including interest income from Money Lending, was HK$292,578,000 for the nine months ended March 31, 2023, compared to HK$280,974,000 in the previous year, indicating a growth of about 4.1%[27] Expenses and Costs - Administrative expenses increased to HK$16,821,000 for the nine months, up from HK$13,843,000 in the previous year, reflecting a 21.5% rise[10] - Total staff costs, including directors' emoluments, amounted to HK$152,237,000 for the nine months ended 31 March 2023, slightly down from HK$152,356,000 in the previous year[35] - Selling, marketing, and administrative expenses increased by approximately HK$3.0 million to approximately HK$18.8 million for the nine months ended March 31, 2023, compared to approximately HK$15.8 million in 2022[110] - The cost of consumable goods increased to HK$6,036,000 for the nine months ended 31 March 2023, up from HK$5,096,000 in the previous year, representing an increase of approximately 18.4%[35] Taxation and Dividends - The current tax provision for the nine months ended 31 March 2023 was HK$832,000, compared to HK$868,000 for the same period in 2022, indicating a decrease of approximately 4.1%[36] - The income tax expenses for the nine months ended 31 March 2023 totaled HK$905,000, compared to HK$540,000 for the same period in 2022, indicating an increase of approximately 67.5%[36] - The company did not recommend any dividend for the nine months ended 31 March 2023, consistent with the previous year where no dividend was declared[42] Investments and Financial Assets - The Group's net unrealised gain on financial assets at fair value was HK$166,000 for the nine months ended March 31, 2023, compared to no gain in the previous year[30] - The Group's investment strategy remains cautious, focusing on companies listed on the Stock Exchange with valuable prospects for future investments[104] - As of March 31, 2023, the Group's investments in financial assets at fair value through profit or loss amounted to approximately HK$430,270, a significant increase from HK$34,000 as of March 31, 2022[91] Operational Challenges - The labor market competition in Hong Kong has intensified, leading to higher labor turnover rates in the environmental and cleaning services industry[95] - The Shanghai Operations are experiencing difficulties in operations and bidding processes due to intense labor supply and fierce competition in pricing[99] - The money lending business recognized an impairment loss of approximately HK$46.0 million on overdue loans and interest receivables as of 31 March 2023, due to borrowers facing financial difficulties amid economic challenges[79][81] Corporate Governance - The Company has complied with the Corporate Governance Code and GEM Listing Rules for the nine months ended March 31, 2023, with some deviations noted[143] - The audit committee consists of three members, including Mr. Kwan Tze Cheng as the chairman, and has reviewed the financial and accounting policies, internal controls, risk management, and financial reporting for the nine months ending March 31, 2023[149] - The roles of chairman and chief executive officer are held by Mr. Yu Shaoheng, which is a deviation from the Code provision A.2.1[145]
宝联控股(08201) - 2023 Q3 - 季度财报