Revenue Growth - For the three months ended December 31, 2022, revenue was HKD 255,657,000, representing a 35% increase from HKD 189,490,000 in the same period of 2021[6] - For the nine months ended December 31, 2022, revenue reached HKD 735,017,000, up 62% from HKD 454,693,000 in the prior year[6] - The company's revenue reached a record high of approximately HKD 735,017,000, an increase of 61.7% compared to the same period in 2021[28] - Revenue from cleaning solutions services amounted to approximately HKD 726,982,000, reflecting a 62.1% increase from approximately HKD 448,365,000 in the same period of 2021[30] - The revenue from street cleaning solutions for the three months ended December 31, 2022, was HKD 207,904,000, a 51% increase from HKD 137,534,000 in the same period of 2021[16] - The property management services segment reported revenue of approximately HKD 8,035,000, a 27.0% increase from approximately HKD 6,328,000 in the same period of 2021[31] Profitability - Gross profit for the three months ended December 31, 2022, was HKD 25,957,000, a 43% increase compared to HKD 18,169,000 in the same period of 2021[6] - The group reported a profit before tax of HKD 4,849,000 for the three months ended December 31, 2022, slightly down from HKD 4,961,000 in the same period of 2021[6] - The total comprehensive income for the three months ended December 31, 2022, was HKD 3,277,000, compared to HKD 6,138,000 in the same period of 2021[6] - Basic and diluted earnings per share for the three months ended December 31, 2022, were HKD 0.55, down from HKD 1.02 in the same period of 2021[6] - Basic and diluted earnings per share for the nine months ended December 31, 2022, were HKD 31.68, compared to HKD 10.90 for the same period in 2021[24] - The company reported a net profit attributable to shareholders of approximately HKD 19,012,000, an increase of about HKD 12,469,000 compared to HKD 6,543,000 for the nine months ended December 31, 2021[40] Expenses and Costs - The company reported an increase in administrative expenses to HKD 20,256,000 for the three months ended December 31, 2022, compared to HKD 12,682,000 in the same period of 2021[6] - Other income for the nine months ended December 31, 2022, totaled HKD 4,641,000, compared to HKD 1,366,000 for the same period in 2021, marking a significant increase[17] - Financing costs for the nine months ended December 31, 2022, were HKD 4,261,000, up from HKD 1,501,000 in the same period of 2021[19] - The company's total employee costs for the nine months ended December 31, 2022, were HKD 597,149,000, compared to HKD 365,827,000 in the same period of 2021, representing a 63.2% increase[22] - Administrative expenses increased from approximately HKD 34,998,000 to about HKD 48,878,000, an increase of about HKD 13,880,000, mainly due to higher insurance costs[37] - Financing costs rose from approximately HKD 1,501,000 to about HKD 4,261,000, an increase of about HKD 2,760,000 due to higher interest expenses on bank loans and finance leases[39] Corporate Governance and Shareholding - The company has adopted and complied with the corporate governance code as per GEM Listing Rules, aiming to enhance transparency and protect shareholder interests[52] - The major shareholders of the company include Wan Cheng Global Limited and Li Hang Investment Limited, each holding 175,500,000 shares, representing 29.25% of the total equity[46] - Wong Lai Man and Wan Wing Ting, spouses of major shareholders, are considered to have rights to 369,000,000 shares, which accounts for 61.50% of the total equity[46] - The shareholding structure indicates a strong familial connection among the major shareholders, which may influence company decisions[48] - The company confirms that there are no competing businesses or potential conflicts of interest involving major shareholders or directors[49] - The company has sufficient public float, complying with the minimum requirement of 25% as per GEM listing rules[57] Future Plans and Opportunities - The group plans to continue expanding its cleaning and property management services to enhance revenue growth in the upcoming quarters[10] - The company aims to explore more business opportunities and expand market share while maintaining strict internal controls to improve operational efficiency and financial conditions[33] - The company has been awarded large service contracts by the Hong Kong government, enhancing its operational and financial position, and plans to strengthen relationships with government departments and private clients[33] Dividends - The company did not recommend the payment of dividends for the nine months ended December 31, 2022[25] - No dividend was recommended for the nine months ended December 31, 2022, consistent with the previous year[41] Audit and Oversight - The audit committee consists of three members, including independent non-executive directors, ensuring oversight of financial reporting and internal controls[58] - The unaudited consolidated financial statements for the nine months ending December 31, 2022, have been reviewed by the audit committee[58]
万成环球控股(08309) - 2023 Q3 - 季度财报