Financial Performance - Revenue for the first quarter ended September 30, 2022, was HKD 30,406,000, representing an increase of 12.8% compared to HKD 27,204,000 in the same period of 2021[4] - Gross profit decreased to HKD 721,000, down 71.5% from HKD 2,521,000 year-over-year[4] - The company reported a loss before tax of HKD 3,882,000, compared to a loss of HKD 2,703,000 in the previous year, indicating a deterioration in financial performance[4] - Basic and diluted loss per share was HKD 0.49, compared to HKD 0.34 in the same quarter of the previous year[4] - Loss attributable to owners increased by approximately 44.4% to HKD 3,900,000, compared to HKD 2,700,000 in the same period last year[29] Income and Expenses - Administrative expenses decreased to HKD 4,869,000 from HKD 5,278,000, reflecting a reduction of 7.8%[4] - Other income increased significantly to HKD 286,000 from HKD 76,000, marking a growth of 276.3%[4] - Cost of sales rose by approximately 20.2% to about HKD 29,700,000, up from HKD 24,700,000 in the previous year[23] - Other income surged approximately 3.8 times to about HKD 287,000, compared to HKD 76,000 in the previous year, mainly due to government financial support[25] - Administrative expenses decreased by approximately 7.5% to about HKD 5,300,000 from HKD 4,900,000 in the previous year[26] Equity and Shares - The total equity attributable to the owners of the company as of September 30, 2022, was HKD 113,765,000, down from HKD 129,609,000 a year earlier[5] - As of September 30, 2022, Best Brain holds 250,000,000 shares, representing 31.41% of the total issued share capital[36] - Ning Xuzhan owns 113,840,000 shares, accounting for 14.30% of the total issued share capital[36] - Liao Lang and Ye Shanmin each hold 60,000,000 shares, both representing 7.54% of the total issued share capital[36] - A total of 49,200,000 share options remain unexercised as of September 30, 2022[45] Corporate Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting procedures and internal control systems[49] - The company has complied with the corporate governance code throughout the relevant period[41] - There are no known conflicts of interest between the directors and the company's business[38] - The company has adopted a code of conduct for securities trading by directors, which has been adhered to during the relevant period[42] Business Strategy and Market Outlook - The company continues to focus on its core business of providing property construction services in Hong Kong[8] - The company submitted 15 construction project bids during the period and is actively following up on 10 projects from previous years[30] - The company aims to explore new business and investment opportunities through acquisitions or strategic partnerships to enhance long-term profitability[30] - The future business opportunities are expected to be influenced by competition in the construction market and the performance of the Hong Kong property market[30] Dividends - No interim dividend was recommended for the period, consistent with the previous year[19] - The company did not recommend the payment of dividends for the relevant period[43] Product and Market Development - There are no new product launches or significant market expansion strategies mentioned in the report[4] - The company has not purchased, sold, or redeemed any of its listed securities during the relevant period[39]
宏强控股(08262) - 2023 Q1 - 季度财报