Financial Performance - For the three months ended December 31, 2021, the company reported revenue of HKD 70,344,000, a decrease of 9.2% compared to HKD 74,048,000 for the same period in 2020[6] - Gross profit for the nine months ended December 31, 2021, was HKD 28,603,000, representing an increase of 14.0% from HKD 24,915,000 in the same period of 2020[6] - The company recorded a net profit of HKD 12,170,000 for the nine months ended December 31, 2021, a decrease of 5.0% compared to HKD 12,810,000 for the same period in 2020[6] - The basic earnings per share for the nine months ended December 31, 2021, was HKD 1.52, down from HKD 1.61 in the same period of 2020[6] - The company reported a total comprehensive income of HKD 14,525,000 for the nine months ended December 31, 2021, compared to HKD 12,810,000 for the same period in 2020, indicating an increase of 13.3%[6] Expenses and Costs - Administrative expenses increased to HKD 11,936,000 for the nine months ended December 31, 2021, compared to HKD 8,884,000 in the same period of 2020, reflecting a rise of 34.0%[6] - The company’s financing costs increased to HKD 1,694,000 for the nine months ended December 31, 2021, compared to HKD 1,449,000 in the same period of 2020, representing a rise of 16.9%[6] - Other income for the nine months ended December 31, 2021, was HKD 100,000, significantly lower than HKD 2,245,000 in the same period of 2020[6] - The group's cost of sales decreased from approximately HKD 172.4 million for the nine months ended December 31, 2020, to approximately HKD 170.4 million for the nine months ended December 31, 2021, a reduction of about 1.2%[24] - The group's administrative expenses rose by approximately HKD 3.0 million or 33.7% to approximately HKD 11.9 million for the nine months ended December 31, 2021[28] - Financing costs increased by approximately HKD 0.3 million or 21.4% to approximately HKD 1.7 million for the nine months ended December 31, 2021[29] - Income tax expenses rose by approximately HKD 0.1 million or 4.5% to approximately HKD 2.3 million for the nine months ended December 31, 2021[30] Equity and Shareholder Information - The company’s total equity as of December 31, 2021, was HKD 140,027,000, an increase from HKD 118,869,000 as of December 31, 2020[7] - The company’s directors and senior executives collectively own 533,000,000 shares, representing 66.6% of the company[38] - As of December 31, 2021, Sharp Talent and Diamondfield each hold 533,000,000 shares, representing a 66.6% stake in the company[43] - The company did not declare an interim dividend for the nine months ended December 31, 2021, compared to no dividend declared in the previous year[49] - There were no share options granted during the reporting period, and no unexercised share options as of December 31, 2021[51] Project and Operational Updates - The company plans to continue focusing on building maintenance and construction services in Hong Kong, with no new segments reported[15] - The group’s revenue increased from approximately HKD 197.3 million for the nine months ended December 31, 2020, to approximately HKD 199.0 million for the nine months ended December 31, 2021, representing a growth of about 0.9%[23] - The profit attributable to the company's owners decreased by approximately HKD 0.6 million or 4.7% to approximately HKD 12.2 million for the nine months ended December 31, 2021[31] - The total comprehensive income attributable to the company's owners increased by approximately HKD 1.7 million or 13.3% to approximately HKD 14.5 million for the nine months ended December 31, 2021[32] - The company secured 18 new projects with a total original contract value of approximately HKD 255.4 million during the nine months ended December 31, 2021[33] - The number of projects generating revenue decreased from 42 to 38 for the nine months ended December 31, 2021[33] COVID-19 Response - The company has implemented emergency plans during project planning to mitigate the impact of the COVID-19 pandemic, including backup personnel and suppliers[35] - No significant delays or work stoppages occurred due to the pandemic in the nine months ending December 31, 2021, despite an overall economic slowdown in Hong Kong[36] - The company has increased its procurement of construction materials from various suppliers to avoid shortages caused by production facility closures or transportation restrictions[35] - The company has taken measures to ensure employee safety, including mandatory testing for unvaccinated workers and daily temperature checks[35] - The company has arranged for remote access to laptops for employees working from home during the pandemic[35] - The company continues to monitor the COVID-19 situation and provide updates to its employees[35] - The company has established communication protocols with employees who test positive for COVID-19 to ensure safety in the workplace[35] Corporate Governance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2021[52] - The company has adopted a code of conduct regarding securities trading by directors, with no violations reported during the period[48] - There were no known conflicts of interest or competitive businesses held by directors or major shareholders as of December 31, 2021[45] - The company has maintained compliance with the corporate governance code as per GEM listing rules[47] - The roles of the chairman and CEO are currently held by the same individual, which the board believes enhances strategic efficiency[47] - No significant new products, technologies, market expansions, or acquisitions were reported during the period[50]
CHI HO DEV(08423) - 2022 Q3 - 季度财报