Financial Performance - Revenue for the first quarter of 2023 reached HKD 250,487,000, representing a 27% increase from HKD 197,261,000 in the same period of 2022[7] - Gross profit for the first quarter of 2023 was HKD 13,464,000, up 33% from HKD 10,091,000 year-on-year[7] - The company reported a profit attributable to owners of HKD 4,401,000 for the first quarter of 2023, an increase of 45% compared to HKD 3,041,000 in the previous year[7] - Earnings per share for the first quarter of 2023 were HKD 1.10, compared to HKD 0.76 in the same quarter of 2022, reflecting a 45% increase[7] - The group's revenue increased by approximately 27.0% from about HKD 197.3 million for the three months ended March 31, 2022, to about HKD 250.5 million for the three months ended March 31, 2023[29] - Gross profit rose by approximately 33.4% from about HKD 10.1 million in the previous year to about HKD 13.5 million in the current year, with gross margins of approximately 5.1% and 5.4% respectively[29] - The group recorded a net profit of approximately HKD 4.4 million for the three months ended March 31, 2023, compared to HKD 3.0 million for the same period in 2022, attributed to new contract approvals and improved operational efficiency[30] - The total comprehensive income for the first quarter of 2023 was HKD 4,401,000, compared to HKD 3,041,000 in the same quarter of 2022[9] Expenses and Costs - Administrative expenses increased to HKD 8,873,000 in the first quarter of 2023 from HKD 7,324,000 in the same period last year[7] - Administrative expenses increased from approximately HKD 7.3 million to HKD 8.9 million, primarily due to higher professional fees and increased salaries and bonuses[29] - The financing costs rose by approximately 3.6% from HKD 0.9 million to HKD 1.0 million, mainly due to increased interest expenses on financing leases for purchased vehicles[30] Business Segments - The cleaning services segment generated revenue of HKD 213,570,000, accounting for 85% of total revenue, while pest management services contributed HKD 7,804,000[20] - The company continues to focus on expanding its environmental hygiene services, including cleaning, pest management, waste management, and gardening services[11] - There were no inter-segment revenues during the reporting period, indicating a clear focus on external service provision[20] Future Plans and Outlook - The group plans to invest in vehicles, cleaning machines, and equipment to expand its business and enhance its capacity to undertake more projects[32] - The company aims to secure more tender contracts from government departments and private entities that currently do not use its services, leveraging its substantial resources[35] - The outlook for the environmental hygiene services industry is optimistic, driven by increased public awareness of hygiene and health, as well as rising service demand due to ongoing pandemic responses[35] Shareholding and Governance - As of March 31, 2023, major shareholders include Mr. Zhang Junwen with a controlled corporation interest of 119,600,000 shares, representing approximately 29.90% of the total shares[41] - Another major shareholder, Mr. Tan Guichu, holds 21,000,000 shares, which is about 5.25% of the total shares[41] - The company has established an Audit Committee, which includes three independent non-executive directors, responsible for reviewing financial reports and internal control systems[44] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[43] - The company has a Compensation Committee that oversees the remuneration policies for all directors and senior management[46] - The Nomination Committee is responsible for recommending appointments and succession planning for directors[47] - The company has not disclosed any violations of the securities transaction code by directors since its listing date[43] - The company has not identified any other individuals with significant shareholdings apart from those disclosed[41] Other Information - The group recorded other income of approximately HKD 1.4 million, down from HKD 1.8 million in the previous year, mainly due to government subsidies for phasing out diesel commercial vehicles[29] - The group did not declare or propose any dividends for the three months ended March 31, 2023, consistent with the previous year[25] - The report will be available on the GEM website and the company's website for at least seven days from the publication date[49] - The report is dated May 12, 2023, and includes the names of the current board members[49]
立高控股(08472) - 2023 Q1 - 季度财报