Financial Performance - Revenue for the nine months ended March 31, 2022, was HKD 85,250,000, representing a 33.7% increase from HKD 63,770,000 in the same period of 2021[4] - Gross profit for the same period was HKD 339,000, a significant recovery from a gross loss of HKD 25,432,000 in 2021[4] - The company reported a pre-tax loss of HKD 14,814,000, which is a 57.1% improvement compared to a loss of HKD 34,581,000 in the previous year[4] - Basic and diluted loss per share improved to HKD 1.86 from HKD 4.32 in the same period last year[4] - The total loss attributable to the company's owners for the period was approximately HKD 14,900,000, compared to a loss of approximately HKD 34,600,000 in the previous year[36] Expenses and Income - Administrative expenses increased to HKD 15,323,000 from HKD 12,713,000, reflecting a 20.5% rise[4] - Other income decreased to HKD 233,000 from HKD 3,649,000, indicating a decline of 93.6%[4] - The company did not recommend any dividend for the nine months ended March 31, 2022, consistent with the previous year[22] Equity and Share Options - The total equity attributable to the owners of the company as of March 31, 2022, was HKD 114,727,000, down from HKD 129,609,000 at the beginning of the period[5] - The company has granted a total of 49,200,000 share options under its share option scheme, representing approximately 6.2% of the total issued share capital[52] - The total number of stock options granted, exercised, or canceled during the period was 49,200,000, with none exercised or canceled during the reporting period[54] Business Strategy and Market Focus - The company continues to focus on its core business of property construction services in Hong Kong[8] - The company aims to maintain a prudent strategy in the face of intense competition and economic uncertainty, while keeping a low debt level to ensure financial stability[37] - Future opportunities for the company are expected to be influenced by competition in the construction market and the performance of the Hong Kong property market[37] - The company plans to continue submitting bids with reasonable profit margins to avoid operational risks and losses[37] - The company is expanding its business into new areas, including a project in Lintongwei Village, Fanling, New Territories, where it is acting as a developer[39] Joint Ventures and Collaborations - A joint venture was established in Sichuan, China, with two experienced construction companies to bid for government construction projects, with a small project already signed and expected to be completed within the year[39] - The company aims to integrate its construction business into China, providing broader prospects and enhancing long-term profitability for shareholders[39] - The company continues to seek strategic collaborations and acquisitions to explore new business and investment opportunities for shareholder returns[39] Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules throughout the relevant period[49] - There are no known conflicts of interest or competitive businesses held by directors or major shareholders during the reporting period[45] - The Audit Committee was established on March 9, 2016, to oversee financial reporting and internal control systems[56] - The Audit Committee consists of three independent non-executive directors, with Ms. Huang Shufang serving as the chairperson[56] - The financial performance of the group was reviewed and deemed compliant with applicable accounting standards and GEM listing rules[56] - The report was reviewed by the Audit Committee and found to have sufficient disclosures[56] Management and Reporting - The executive directors include Mr. Guo Dongqiang, Mr. Gao Junxi, and Mr. Qiu Haiquan[56] - The report date is April 20, 2022, indicating the timeliness of the financial disclosures[56]
宏强控股(08262) - 2022 Q3 - 季度财报