Financial Performance - The group reported revenue of HKD 7,618,000 for the three months ended June 30, 2022, compared to HKD 1,745,000 for the same period in 2021, representing a growth of 336%[4] - Gross profit for the same period was HKD 3,327,000, significantly up from HKD 421,000 in the previous year, indicating a substantial increase in profitability[4] - The group incurred a loss before tax of HKD 819,000, an improvement from a loss of HKD 3,784,000 in the prior year, reflecting a reduction in losses by approximately 78%[4] - Basic and diluted loss per share improved to HKD 0.06 from HKD 0.29 year-over-year, showing a decrease in loss per share by 79%[4] - Total revenue increased by approximately 5,900,000 HKD or 337% to about 7,600,000 HKD for the three months ended June 30, 2022, compared to approximately 1,700,000 HKD for the same period in 2021[27] - Gross profit rose by approximately 2,900,000 HKD or 690% to about 3,300,000 HKD for the three months ended June 30, 2022, with a gross margin increase from approximately 24.1% to 43.7%[30] - Net loss for the three months ended June 30, 2022, was approximately 800,000 HKD, a reduction from a net loss of approximately 3,800,000 HKD for the same period in 2021[35] Revenue Sources - Revenue from construction management services in Hong Kong was HKD 3,332,000, up from HKD 1,745,000 in the previous year, marking a growth of 91%[15] - Revenue from construction management services in mainland China was HKD 4,286,000, indicating the expansion of operations into new markets[15] - The company anticipates confirming revenue of over 30,000,000 HKD from four construction management projects within the next 18 to 21 months[26] Operational Challenges and Strategies - The company is actively seeking investment opportunities in Hong Kong and mainland China to improve cash flow[12] - The management remains optimistic about the long-term business outlook in Hong Kong, mainland China, and Macau despite facing challenges such as high labor costs and skilled labor shortages[23] - The group aims to implement stronger measures to improve operational funding and cash flow management[13] Financing and Capital Management - The group plans to explore fundraising activities such as placements or share subscriptions to meet repayment obligations[12] - The board is considering other financing arrangements to increase capital and support ongoing growth[12] - Financing costs decreased by approximately 100,000 HKD or 62.1% to about 80,000 HKD for the three months ended June 30, 2022[33] Shareholder Information - The company experienced a significant increase in issued shares from 1,560,000,000 to 1,617,000,000 due to the exercise of 57,000,000 share options at a price of HKD 0.0342 per share[39] - As of June 30, 2022, Mr. Lan holds 652,290,000 shares, representing 41.81% of the total shares, through Harmony Asia International Limited[42] - Major shareholders include Mr. Song Chenglei with 260,000,000 shares (16.67%) and Ms. Chen Mingxia with 243,750,000 shares (15.63%) as of June 30, 2022[44] Corporate Governance - The company has complied with all applicable corporate governance code provisions during the reporting period[53] - The board believes that Mr. Lan's dual role as Chairman and CEO is in the best interest of the company for effective management and business development[52] - The audit committee was established according to GEM Listing Rules and consists of three independent non-executive directors[56] - The audit committee reviewed the unaudited consolidated results for the three months ended June 30, 2022, and confirmed compliance with applicable accounting standards and GEM Listing Rules[56] Miscellaneous - The company has no plans to declare dividends for the three months ended June 30, 2022, consistent with the same period in 2021[20] - The company has fully utilized the net proceeds of approximately HKD 38,000,000 from its initial public offering for the intended purposes as outlined in the prospectus[48] - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ending June 30, 2022[49] - The company adopted a share option scheme on May 12, 2017, and granted 130,000,000 share options on April 27, 2022[46] - The company expressed gratitude to customers, subcontractors, business partners, and shareholders for their continued support[58] - The executive directors include the chairman and CEO, along with three other directors, while the audit committee comprises three independent non-executive directors[59]
浩柏国际(08431) - 2023 Q1 - 季度财报