Financial Performance - For the three months ended June 30, 2023, the company's revenue was approximately HKD 12,700,000, a decrease of about HKD 7,200,000 compared to the same period in 2022[4] - The company reported a profit of approximately HKD 700,000 for the three months ended June 30, 2023, reversing a loss of approximately HKD 2,500,000 in the same period of 2022[4] - The total comprehensive loss attributable to equity holders of the company for the three months ended June 30, 2023, was approximately HKD 9,900,000, a decrease of about HKD 200,000 compared to the same period in 2022[4] - Basic and diluted loss per share for the three months ended June 30, 2023, was approximately HKD 0.0329, compared to earnings of approximately HKD 0.0335 per share in the same period of 2022[4] - Total revenue for the three months ended June 30, 2023, decreased to approximately HKD 12,651,000 from approximately HKD 19,896,000 for the same period in 2022, a reduction of about 36.5%[28] - The gross profit turned from a loss of approximately HKD 2,486,000 for the three months ended June 30, 2022, to a profit of approximately HKD 663,000 for the same period in 2023[29] - Operating loss for the three months ended June 30, 2023, was HKD 9,581,000, slightly improved from an operating loss of HKD 9,749,000 in the same period of 2022[6] - The company reported a loss attributable to equity holders of approximately HKD 9,941,000 for the three months ended June 30, 2023, compared to a loss of approximately HKD 10,110,000 for the same period in 2022, a reduction of about 1.7%[35] Dividends and Shareholder Returns - The company did not recommend the payment of an interim dividend for the three months ended June 30, 2023[4] - The company has not declared an interim dividend for the three months ended June 30, 2023, and June 30, 2022[21] - No dividends were declared for the interim period ending June 30, 2023[44] - As of June 30, 2023, the company has issued a total of 1,671,540 shares, with directors holding 0.55% of the issued share capital[36] - The company has granted a total of 26,974,800 stock options under its stock option plan, with the exercise price for each share set at HKD 0.04[47] - The stock options granted to employees and consultants are aimed at retaining and incentivizing them to enhance company value[51] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the three months ending June 30, 2023, and found them compliant with applicable accounting standards[54] - The company has complied with all applicable corporate governance code provisions during the reporting period[42] - There were no purchases, sales, or redemptions of the company's listed securities during the three months ending June 30, 2023[41] - No significant matters requiring disclosure have occurred after June 30, 2023, up to the report date[53] - The company has not disclosed any interests or short positions held by directors or senior management in the company's shares as of June 30, 2023[38] - The company has not reported any major shareholders holding interests in shares or related securities that require disclosure[39] Future Prospects and Market Opportunities - The company has confidence in future prospects due to securing several projects, which are expected to ensure sustainable development[26] - The government has committed to an average annual capital works expenditure exceeding HKD 100 billion from 2023 to 2028, which is expected to create more market opportunities[25] - The company plans to assess the feasibility of obtaining licenses for civil engineering operations in countries such as Japan and Thailand to enhance shareholder returns[26] Company Background - The company primarily engages in civil engineering and investment holding[11] - The company was incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange on April 12, 2016[12] - The executive directors are Ms. Liu Yongyu and Ms. Yu Xiao, with independent non-executive directors including Mr. Huang Zhijin, Ms. Liu Yanqun, and Mr. Liao Honghao[56] - The first quarter report for 2023 was released on August 14, 2023[57] Tax and Financing - The company’s income tax expense remained stable at zero for both the three months ended June 30, 2022, and June 30, 2023[33] - The company’s financing costs slightly decreased from approximately HKD 361,000 for the three months ended June 30, 2022, to approximately HKD 360,000 for the same period in 2023[32]
万民好物(08217) - 2024 Q1 - 季度财报