Financial Performance - For the nine months ended March 31, 2023, the group's revenue was HKD 31,679,000, a decrease of 21.7% compared to HKD 40,452,000 for the same period in 2022[3] - The group reported a gross loss of HKD 3,853,000 for the nine months ended March 31, 2023, compared to a gross profit of HKD 2,397,000 for the same period in 2022[3] - The net loss attributable to the owners of the company for the nine months ended March 31, 2023, was HKD 8,626,000, slightly higher than the loss of HKD 8,216,000 for the same period in 2022[3] - The basic and diluted loss per share for the nine months ended March 31, 2023, was HKD 7.2, compared to HKD 7.6 for the same period in 2022[3] - Total revenue for the nine months ended March 31, 2023, was approximately HKD 31.7 million, a decrease from approximately HKD 40.5 million in the same period of 2022, primarily due to a reduction in the number of construction projects undertaken[20] - The company recorded a gross loss of approximately HKD 3.9 million for the nine months ended March 31, 2023, with a gross loss margin of approximately 12.2%, compared to a gross profit of approximately HKD 2.4 million and a gross profit margin of approximately 5.9% in the same period of 2022[21] - For the nine months ended March 31, 2023, the company reported a net loss of approximately HKD 8.6 million, compared to a net loss of approximately HKD 8.2 million for the same period in 2022[19] Administrative Expenses - The group incurred administrative expenses of HKD 4,062,000 for the nine months ended March 31, 2023, down from HKD 10,596,000 in the same period of 2022, indicating a reduction of 61.7%[3] - Administrative expenses for the nine months ended March 31, 2023, were approximately HKD 10.6 million, compared to approximately HKD 4.1 million in the same period of 2022, with the increase mainly due to one-time share-based payment expenses in 2022[22] Equity and Financing - The group’s total equity as of March 31, 2023, was HKD 51,122,000, a decrease from HKD 59,748,000 as of July 1, 2022[4] - The group’s financing costs for the nine months ended March 31, 2023, were HKD 27,000, slightly lower than HKD 28,000 for the same period in 2022[3] Income and Provisions - The group recognized other income of HKD 277,000 for the nine months ended March 31, 2023, compared to HKD 11,000 for the same period in 2022[3] - The expected credit loss provision for trade receivables and contract assets was HKD 961,000 for the nine months ended March 31, 2023, compared to no provision in the same period of 2022[3] Dividends and Shareholder Information - The company did not declare any dividends for the nine months ended March 31, 2023, consistent with the previous year[18] - The company did not recommend the payment of dividends for the nine months ended March 31, 2023, consistent with the previous year[34] - As of March 31, 2023, a major shareholder, Zhao Xuemai, holds 8,999,000 shares, representing 7.49% of the company's total shares[28] Corporate Governance - The company has complied with the GEM Listing Rules regarding the establishment of an audit committee, which includes three independent non-executive directors[39] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended March 31, 2023, confirming compliance with applicable accounting standards[40] - The board believes that the dual role of the chairman and managing director enhances management efficiency and business development[32] - The company has confirmed that all directors complied with the trading code regarding securities transactions during the nine months ended March 31, 2023[33] - The company has not identified any conflicts of interest involving directors or major shareholders as of March 31, 2023[29] Future Outlook - The board remains optimistic about long-term opportunities in the construction market, particularly with the Hong Kong government's plans for housing and technology development in the northern region[24] - The company aims to expand its market share and compete for more foundation and site preparation projects, as well as superstructure construction and renovation projects[24] Share Options - The company has adopted a share option scheme effective from December 1, 2017, with a validity period of 10 years[35] Securities Transactions - As of March 31, 2023, the company reported no purchases, sales, or redemptions of its listed securities during the nine months[30] Significant Events - The company has not disclosed any significant events occurring after the reporting period as of the report date[38]
WT集团(08422) - 2023 Q3 - 季度财报