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同景新能源(08326) - 2022 Q3 - 季度财报
TK NEW ENERGYTK NEW ENERGY(HK:08326)2022-02-11 11:01

Financial Performance - For the three months ended December 31, 2021, the revenue was HKD 66,287,000, a decrease of 22.2% compared to HKD 84,993,000 for the same period in 2020[7]. - The gross profit for the nine months ended December 31, 2021, was HKD 23,961,000, compared to a gross loss of HKD 4,846,000 for the same period in 2020[7]. - The net profit attributable to the owners of the company for the three months ended December 31, 2021, was HKD 777,000, down 46.7% from HKD 1,458,000 in the same period of 2020[9]. - The total comprehensive income for the three months ended December 31, 2021, was HKD 6,664,000, compared to HKD 13,697,000 for the same period in 2020, representing a decrease of 51.3%[9]. - The basic and diluted earnings per share for the three months ended December 31, 2021, was HKD 0.09, down from HKD 0.18 in the same period of 2020[9]. - The company reported a total revenue of HKD 219,417,000 for the nine months ended December 31, 2021, an increase of 47.7% compared to HKD 148,483,000 for the same period in 2020[7]. - The company’s total comprehensive income for the nine months ended December 31, 2021, was HKD 18,916,000, compared to HKD 20,437,000 for the same period in 2020, indicating a slight decrease of 7.4%[9]. - The group reported a pre-tax profit of HKD 777,000 for the three months ended December 31, 2021, compared to a loss of HKD 1,458,000 in the same period of 2020[23]. Revenue and Income Sources - Revenue from construction contracts for the nine months ended December 31, 2021, was HKD 219,417,000, an increase of 47.7% compared to HKD 148,483,000 for the same period in 2020[21]. - Interest income for the nine months ended December 31, 2021, was HKD 775,000, significantly up from HKD 21,000 in the same period of 2020[21]. - The group’s other income for the nine months ended December 31, 2021, totaled HKD 11,335,000, compared to HKD 6,412,000 for the same period in 2020, representing a growth of 76.5%[21]. Expenses and Costs - The company’s financing costs for the three months ended December 31, 2021, were HKD 1,039,000, compared to HKD 749,000 for the same period in 2020, reflecting an increase of 38.7%[7]. - The company’s administrative and other operating expenses for the three months ended December 31, 2021, were HKD 9,352,000, an increase from HKD 8,937,000 in the same period of 2020[7]. - The total cost of contracts, including construction materials and labor costs, was HKD 195,456,000 for the nine months ended December 31, 2021, up from HKD 137,121,000 in the same period of 2020[23]. - Administrative and other operating expenses totaled approximately HKD 22,554,000, an increase of about 8.8% from HKD 20,736,000 in the previous year[43]. Assets and Liabilities - The company’s total assets as of December 31, 2021, were reported at HKD 254,900,000, an increase from HKD 221,787,000 as of December 31, 2020[14]. - As of December 31, 2021, the group's cash and cash equivalents were approximately HKD 47,213,000, an increase of about 93.3% compared to HKD 24,428,000 as of March 31, 2021[50]. - The group's borrowings as of December 31, 2021, were approximately HKD 29,109,000, with short-term bank loans incurred during the period at an annual interest rate of 5.5%[51]. - The capital debt ratio as of December 31, 2021, was approximately 28%, up from about 14% as of March 31, 2021[52]. Shareholder Information - The company did not declare or pay any dividends for the nine months ended December 31, 2021[30]. - The weighted average number of shares for the nine months ended December 31, 2021, remained constant at 818,000 shares[29]. - The major shareholders include Zhenjie Limited holding 224,380,000 shares (27.43%) and Victory Stand International Limited holding 206,000,000 shares (25.18%) as of December 31, 2021[63]. - The company has not issued any new shares or securities during the reporting period[54]. Corporate Governance and Compliance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2021, and believes the performance and report are in accordance with applicable accounting standards[71]. - The company has adopted the GEM Listing Rules regarding the standards of conduct for directors in trading securities[70]. - As of December 31, 2021, the company had no direct or indirect competition from its directors, controlling shareholders, or major shareholders[53]. - The company has not granted any stock options under the stock option plan since its adoption on November 2, 2013, and there were no outstanding, granted, canceled, or expired options as of December 31, 2021[69]. Business Development and Strategy - The company is focused on enhancing product performance and reducing electricity costs to promote affordable grid access[36]. - The group has developed a floating substation installation platform with dual buoyancy protection for water surface photovoltaic projects[38]. - The company aims to become a globally influential enterprise in the solar energy sector, aligning with carbon peak and carbon neutrality goals by 2030 and 2060 respectively[38]. - The group is innovating various tracking control systems to meet diverse customer needs, enhancing installation and operational efficiency[38]. - The total installed capacity of contracts signed during the reporting period reached 325.01 MW[41]. - The group signed new contracts for various photovoltaic projects, including a 200 MW project in Yinchuan and a 150 MW project in Yichun[35]. Accounting Standards - The group applied new and revised Hong Kong Financial Reporting Standards during the reporting period, which did not have a significant impact on financial performance[20].