Financial Performance - Revenue for the three months ended December 31, 2022, was HKD 38,995,000, an increase of 17.0% compared to HKD 33,179,000 for the same period in 2021[4] - Gross profit for the nine months ended December 31, 2022, was HKD 20,565,000, a decrease of 22.9% from HKD 26,670,000 in the previous year[4] - The company reported a net loss of HKD 3,032,000 for the three months ended December 31, 2022, compared to a profit of HKD 566,000 in the same period of 2021[5] - Operating loss for the nine months ended December 31, 2022, was HKD 4,122,000, compared to an operating profit of HKD 1,778,000 for the same period in 2021[4] - Total revenue for the nine months ended December 31, 2022, was HKD 98,280,000, down 12.3% from HKD 112,104,000 in the same period of 2021[17] - The net loss for the nine months ended December 31, 2022, was approximately HKD 4.3 million, compared to a net profit of approximately HKD 1.1 million for the same period in 2021, primarily due to reduced project profits and increased operational costs[32] - The gross profit decreased by approximately HKD 6.1 million or about 22.8% to approximately HKD 20.6 million for the nine months ended December 31, 2022, with a gross profit margin of about 20.9%, down from 23.8% in the previous year[39] Share Performance - The basic and diluted loss per share for the three months ended December 31, 2022, was HKD (0.38), compared to earnings of HKD 0.07 per share in the same period of 2021[5] - The basic loss per share for the nine months ended December 31, 2022, was HKD (0.54), compared to a profit of HKD 0.15 per share in the same period of 2021[26] - The company has maintained a weighted average number of ordinary shares of 800,000,000 for the periods reported[26] Expenses and Income - The company’s administrative and other operating expenses for the three months ended December 31, 2022, were HKD 8,751,000, slightly higher than HKD 8,682,000 in the same period of 2021[4] - Other income and gains for the nine months ended December 31, 2022, amounted to HKD 1,729,000, an increase from HKD 1,032,000 in the previous year[4] - The group reported a total income of HKD 415,000 from other income and gains for the three months ended December 31, 2022, compared to HKD 342,000 in the same period of 2021[19] Equity and Shareholding - The company’s total equity attributable to owners as of December 31, 2022, was HKD 34,296,000, down from HKD 42,868,000 at the end of the previous year[7] - As of December 31, 2022, the major shareholder, Junhua, holds 408,370,000 shares, representing 51.05% of the company's ordinary shares[47] - Ms. Huang Tingnuan, as the spouse of Dr. Chen, is deemed to have the same shareholding of 408,370,000 shares, also representing 51.05%[47] - Ms. Cai Huiting holds 84,230,000 shares, accounting for 10.53% of the company's ordinary shares[47] - Mr. Sun Xincai owns 44,000,000 shares, which is 5.50% of the company's ordinary shares[47] Dividends - The group did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous year[29] - The board does not recommend any dividend payment for the nine months ended December 31, 2022[42] Business Operations - The company is primarily engaged in providing interior design and renovation services in Hong Kong[10] - Revenue from residential interior design and renovation services for the three months ended December 31, 2022, was HKD 33,023,000, a slight increase from HKD 32,734,000 in the same period of 2021[17] - Revenue from commercial interior design and renovation services increased significantly to HKD 5,972,000 for the three months ended December 31, 2022, compared to HKD 445,000 in the same period of 2021[17] - The revenue from residential interior design and renovation services accounted for approximately 92.7% of total revenue, while commercial services accounted for about 7.3%[31] - The company plans to expand its business coverage in Hong Kong by opening more branches to reach more potential customers[35] - The company anticipates a challenging year ahead due to the adverse economic impacts of COVID-19, which have affected construction progress and increased operational costs[35] - The company will continue to monitor operational costs and current market trends to anticipate any downturns in the property market[35] Corporate Governance - The company has adopted corporate governance principles to maintain high standards of accountability and transparency, crucial for stakeholder trust[66] - The audit committee, established on March 24, 2017, consists of independent non-executive directors, ensuring compliance with GEM listing rules[67] - The audit committee's primary duties include reviewing financial data, internal control procedures, and risk management systems, ensuring adequate disclosure[69] - The company has confirmed compliance with the GEM Listing Rules regarding securities transactions by all directors during the nine months ending December 31, 2022[56] - The audit committee includes at least one member with appropriate professional qualifications or financial management expertise, as required by GEM listing rules[69] Stock Options - The company has adopted a share option scheme, allowing for the issuance of up to 80,000,000 shares, which is capped at 10% of the total issued shares at the time of listing[59][60] - The share option scheme aims to reward selected participants for their contributions to the company[57] - The stock option plan is valid for a period of ten years starting from March 24, 2017, with no further options to be granted thereafter[63] - As of December 31, 2022, there were no stock options granted, exercised, expired, or lapsed under the stock option plan, and no unexercised stock options remain[63] - The company must seek shareholder approval for any stock options exceeding the 1% limit of issued shares within any 12-month period[62] - The company must issue a circular to shareholders detailing the identity of the grantee and the terms of the stock options if exceeding the specified limits[62] Compliance and Conflicts - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the nine months ending December 31, 2022[51] - There were no reported conflicts of interest or competitive businesses involving the company's directors or major shareholders during the nine months ending December 31, 2022[52] - No new business opportunities related to competition with the group's existing or future businesses were reported from major shareholders during the nine months ending December 31, 2022[55] - The unaudited condensed consolidated financial statements for the nine months ended December 31, 2022, have been reviewed by the audit committee and comply with applicable accounting standards[69]
礼建德集团(08455) - 2023 Q3 - 季度财报