Revenue Performance - Revenue for the nine months ended January 31, 2023, amounted to approximately HK$120.9 million, representing an increase of approximately 25.4% compared to HK$96.4 million for the same period last year[12]. - The Group's total revenue increased by approximately HK$24.5 million or about 25.4% to approximately HK$120.9 million for the nine months ended 31 January 2023, compared to approximately HK$96.4 million for the same period in 2022[22]. - Revenue from slope works increased from approximately HK$96.2 million for the nine months ended January 31, 2022, to approximately HK$120.8 million for the same period in 2023, representing an increase of approximately 25.6%[19]. - Revenue from foundation works decreased from HK$0.2 million for the nine months ended January 31, 2022, to approximately HK$0.1 million for the same period in 2023 due to a decrease in foundation projects[20]. - Revenue from slope works for the nine months ended 31 January 2023 was HK$120,848,000, representing an increase of 25.6% compared to HK$96,242,000 for the same period in 2022[102]. - Total revenue for the nine months ended 31 January 2023 was HK$120,928,000, compared to HK$96,444,000 for the same period in 2022, marking an increase of 25.5%[102]. Profit and Loss - Loss attributable to owners of the Company for the nine months ended January 31, 2023, was approximately HK$2.7 million, a reduction from a loss of approximately HK$5.5 million in the previous year[12]. - Loss per share for the nine months ended January 31, 2023, was approximately HK0.17 cents, improved from approximately HK0.35 cents in the previous year[12]. - The loss attributable to owners of the Company was approximately HK$2.7 million for the nine months ended 31 January 2023, compared to a loss of approximately HK$5.5 million for the same period in 2022[33]. - Loss before income tax for the nine months ended January 31, 2023, was HK$2,748,000, a decrease of 50% compared to HK$5,501,000 for the same period in 2022[85]. - The Group reported a loss before income tax of HK$1,398,000 for the three months ended 31 January 2023, compared to a loss of HK$1,263,000 in the same period of 2022[118]. - For the nine months ended January 31, 2023, the basic and diluted loss per share was HK$2,748, down from HK$5,501 in the same period of 2022, indicating a reduction of approximately 50%[128]. Expenses and Costs - Direct costs increased by approximately HK$23.7 million or approximately 24.9%, from approximately HK$95.1 million to approximately HK$118.8 million, primarily due to the increase in slope works projects[25]. - Administrative expenses decreased by approximately HK$1.4 million or about 18.7%, from approximately HK$7.5 million to approximately HK$6.1 million, attributed to lower staff costs and rental expenses[27]. - Administrative expenses for the nine months ended January 31, 2023, were HK$6,081,000, a decrease of 19.4% from HK$7,535,000 in the previous year[85]. - Total staff costs for the three months ended 31 January 2023 amounted to HK$1,398,000, an increase of 10.7% from HK$1,263,000 in the same period of 2022[118]. - Subcontracting charges for the three months ended 31 January 2023 were HK$52,542,000, an increase of 7.9% from HK$49,114,000 in the same period of 2022[118]. Governance and Compliance - The Board does not recommend the payment of dividends for the nine months ended January 31, 2023, consistent with the previous year[12]. - The Company complied with the Corporate Governance Code, except for a deviation regarding insurance cover for directors[69]. - All directors confirmed compliance with the Code of Conduct regarding securities transactions during the Period[71]. - The Audit Committee reviewed the unaudited condensed consolidated results and confirmed compliance with applicable accounting standards and GEM Listing Rules[80]. - The company has established an Audit Committee consisting of three independent non-executive directors to oversee financial reporting and compliance[79]. Market Environment - The Group faces a challenging operating environment due to increasing operational costs, particularly higher subcontracting rates[14]. - Competition in the construction market remains intense, influenced by slower funding proposal scrutiny for public works projects[14]. - The Hong Kong Government's ongoing infrastructure projects are expected to increase demand for slope works related to public safety[17]. - The Directors remain cautiously optimistic about the slope works industry in Hong Kong due to the government's commitment to a rolling Landslip Prevention and Mitigation Programme[17]. Employee and Shareholder Information - The Group employed 47 employees as of 31 January 2023, with remuneration based on market terms and individual performance[48]. - As of January 31, 2023, Emperor Securities Limited held 792,000,000 shares, representing approximately 50.21% of the Company's shareholding[64]. - As of January 31, 2023, no directors or chief executives of the Company had any interests or short positions in shares or debentures of the Company[9]. - There were no significant contracts involving the Company and any director with a material interest during the Period[56]. - No share options were outstanding as of January 31, 2023, under the share option scheme adopted on October 15, 2015[82]. Financial Position - As of 31 January 2023, the equity attributable to owners of the Company amounted to approximately negative HK$22.0 million, compared to approximately negative HK$19.2 million as of 30 April 2022[34]. - The Group incurred a net loss of approximately HK$2,748,000 for the nine months ended 31 January 2023, with a deficit equity of approximately HK$21,966,000[99]. - As of January 31, 2023, the total equity attributable to owners of the company was HK$21,966,000, a decrease from HK$19,218,000 as of May 1, 2022[88]. - The Group had no material capital commitments or contingent liabilities as of 31 January 2023[37][47]. - The Group has implemented measures to improve working capital and liquidity in light of the net loss and deficit equity situation[99].
浙江联合投资(08366) - 2023 Q3 - 季度财报