Workflow
万民好物(08217) - 2023 Q3 - 季度财报
WMHWWMHW(HK:08217)2023-02-13 10:04

Financial Performance - For the three months ended December 31, 2022, the group's revenue was HKD 38,591,000, an increase of 38.7% compared to HKD 27,827,000 for the same period in 2021[5] - The gross profit for the nine months ended December 31, 2022, was HKD 5,392,000, a decrease of 60.8% from HKD 14,248,000 in the previous year[5] - The operating loss for the three months ended December 31, 2022, was HKD 9,241,000, compared to an operating profit of HKD 138,000 in the same period of 2021[5] - The net loss attributable to equity holders for the nine months ended December 31, 2022, was HKD 9,970,000, compared to a loss of HKD 5,446,000 in the previous year[5] - The basic and diluted loss per share for the three months ended December 31, 2022, was HKD 3.18, compared to HKD 0.17 for the same period in 2021[5] - The group’s total comprehensive loss for the nine months ended December 31, 2022, was HKD 9,970,000, compared to HKD 5,446,000 in the previous year[7] - The group’s total revenue for the nine months ended December 31, 2022, was HKD 76,378,000, a slight decrease of 1.1% from HKD 77,230,000 in the previous year[5] - The gross profit turned from a profit of approximately HKD 882,000 for the nine months ended December 31, 2021, to a loss of approximately HKD 33,000 for the same period in 2022, indicating a significant decline in project progress[25] - Other income decreased from approximately HKD 10,619,000 for the nine months ended December 31, 2021, to approximately HKD 5,392,000 for the same period in 2022, primarily due to reduced fair value gains on listed securities[26] - The loss attributable to equity holders of the company increased from approximately HKD 5,446,000 for the nine months ended December 31, 2021, to approximately HKD 9,970,000 for the same period in 2022, reflecting a significant increase in losses[31] Expenses and Costs - The group reported a financing cost of HKD 1,081,000 for the nine months ended December 31, 2022, slightly down from HKD 1,090,000 in the previous year[5] - The company's administrative and other operating expenses for the three months ended December 31, 2022, were HKD 3,606,000, compared to HKD 3,380,000 in the same period of 2021[5] - Administrative and other operating expenses decreased from approximately HKD 15,857,000 for the nine months ended December 31, 2021, to approximately HKD 14,248,000 for the same period in 2022, a reduction of about 10.1%[27] - Financing costs slightly decreased from approximately HKD 1,090,000 for the nine months ended December 31, 2021, to approximately HKD 1,081,000 for the same period in 2022[29] Shareholder Information - The total equity attributable to equity holders as of December 31, 2022, was HKD 75,944,000, a decrease from HKD 60,513,000 as of April 1, 2022[7] - As of December 31, 2022, the total number of shares held by directors includes 1,671,540 shares by Yu Xiao, representing 0.55% of the company's issued share capital[33] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending December 31, 2022[38] - The board of directors has proposed not to declare an interim dividend for the nine months ending December 31, 2022[41] - The company has granted stock options totaling 27,866,340, with 891,540 options held by each of four employees and 1,069,848 options held by each of ten employees[43][45] - No major shareholders or directors have disclosed any interests or short positions in shares or related securities as of December 31, 2022[34] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the nine months ending December 31, 2022, ensuring compliance with applicable accounting standards[46] - The company has confirmed that there are no competing interests from controlling shareholders or directors in any business that directly or indirectly competes with the group[36] - The company has complied with all applicable corporate governance code provisions as per GEM Listing Rules during the reporting period[39] - The stock option plan was adopted to retain and motivate consultants, with no other remuneration paid for their services[44] Future Prospects - The company has secured several projects recently, which are expected to ensure sustainable development and enhance employee loyalty[22] - The government has committed to an average annual capital works expenditure exceeding HKD 100 billion from 2023 to 2027, which is expected to create more business opportunities in the market[21] - The company plans to assess the feasibility of obtaining licenses to operate civil engineering and related operations in other countries such as Japan and Thailand[22] - The company remains confident about its future prospects despite challenges such as difficult geological conditions and adverse weather affecting project profitability[22] Post-Reporting Events - There are no significant post-reporting date events from December 31, 2022, to the date of this quarterly report[37]