Financial Performance - Revenue for the three months ended December 31, 2022, was HKD 6,671,000, a significant increase from HKD 285,000 in the same period of 2021, representing a growth of 2,241%[4] - Gross profit for the three months ended December 31, 2022, was HKD 2,870,000, compared to HKD 16,000 in the same period of 2021, indicating a substantial increase in profitability[4] - The total loss for the three months ended December 31, 2022, was HKD 5,330,000, compared to a loss of HKD 3,370,000 in the same period of 2021, reflecting a deterioration in financial performance[4] - For the nine months ended December 31, 2022, revenue reached HKD 20,928,000, up from HKD 5,681,000 in the same period of 2021, marking an increase of 269%[4] - The total loss for the nine months ended December 31, 2022, was HKD 5,438,000, compared to a loss of HKD 6,798,000 in the same period of 2021, showing an improvement in loss reduction[4] - The company reported a basic and diluted loss per share of HKD 0.33 for the nine months ended December 31, 2022, compared to HKD 0.52 for the same period in 2021, indicating a reduction in loss per share[4] - Total revenue increased by approximately 368.4% from about HKD 5,700,000 for the nine months ended December 31, 2021, to about HKD 20,900,000 for the nine months ended December 31, 2022[25] - Net loss for the nine months ended December 31, 2022, was approximately HKD 5,400,000, compared to a net loss of approximately HKD 6,800,000 for the nine months ended December 31, 2021[33] Expenses and Costs - The company’s administrative expenses for the three months ended December 31, 2022, were HKD 8,487,000, compared to HKD 3,313,000 in the same period of 2021, reflecting increased operational costs[4] - Service costs rose by approximately 357.3% from about HKD 2,850,000 for the nine months ended December 31, 2021, to about HKD 10,200,000 for the nine months ended December 31, 2022[26] - Administrative expenses increased by approximately 175.3% from about HKD 9,300,000 for the nine months ended December 31, 2021, to about HKD 16,300,000 for the nine months ended December 31, 2022[30] - Financing costs decreased to HKD 58,000 for the three months ended December 31, 2022, from HKD 73,000 in the same period of 2021, indicating improved cost management[4] - Financing costs decreased by approximately 55.9% from about HKD 400,000 for the nine months ended December 31, 2021, to about HKD 220,000 for the nine months ended December 31, 2022[31] Equity and Assets - The company’s total equity as of December 31, 2022, was HKD 16,010,000, down from HKD 40,700,000 as of December 31, 2021, indicating a decline in net assets[6] Revenue Recognition - The company generated all its revenue from customer contracts as defined by HKFRS 15, confirming a stable revenue recognition model[14] Future Outlook - The company forecasts revenue of approximately HKD 20,000,000 from four construction management projects in Hong Kong over the next 18 months[21] - The company plans to expand its business into the Greater Bay Area and continue participating in tenders from various construction or property development companies in Hong Kong[21] Shareholder Information - As of December 31, 2022, major shareholders include Harmony Asia with 632,390,000 shares (38.80%) and Song Chenglei with 260,000,000 shares (15.95%)[42] - A total of 13,000,000 share options were exercised at a price of HKD 0.0342 on November 18, 2022[43] Corporate Governance - The company has complied with all applicable provisions of the corporate governance code during the reporting period[62] - The audit committee reviewed the unaudited condensed consolidated results for the nine months ended December 31, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[66] - The company emphasizes the importance of sound corporate governance for long-term success and sustainable development[59] - The audit committee was composed of three independent non-executive directors until December 23, 2022, when Ms. Yuan Huimin took over as the chair[64] Management Changes - Changes in the board of directors included the appointment of Shu Zhongwen as CEO and executive director effective December 1, 2022[52] - The company appointed Ms. Yuan Huimin as the independent non-executive director and member of the nomination committee effective from December 13, 2022[54] - Mr. Wang Yonghong resigned as the chairman of the board and the nomination committee, effective from December 23, 2022, but continues as an executive director[54] - Mr. Wang Lun was appointed as the chairman of the board effective from December 23, 2022[56] Other Information - The company has fully utilized the net proceeds of approximately HKD 38,000,000 from its IPO for the intended purposes as of December 31, 2022[45] - No dividends were declared or proposed for the nine months ended December 31, 2022, and 2021[35] - No purchases, sales, or redemptions of the company's listed securities occurred during the nine months ended December 31, 2022[46] - The company adopted a code of conduct for securities trading by directors, with no violations reported during the reporting period[47] - The board is not aware of any significant events after December 31, 2022, that would impact the group's operations and financial performance[37] - The company expresses gratitude to customers, subcontractors, business partners, and shareholders for their continued support[67] - The management team and employees are acknowledged for their valuable contributions to the company's development[67] - The report is dated February 14, 2023, and lists the current executive and non-executive directors[68]
浩柏国际(08431) - 2023 Q3 - 季度财报