Financial Performance - For the nine months ended December 31, 2022, the group's revenue remained stable at approximately HKD 25.3 million compared to HKD 26.9 million for the same period in 2021[9]. - The group recorded a gross loss of approximately HKD 1.8 million for the nine months ended December 31, 2022, a decrease from a gross profit of approximately HKD 1.8 million for the same period in 2021, primarily due to increased sales and subcontracting costs[9]. - The group reported a loss of approximately HKD 8.7 million for the nine months ended December 31, 2022, compared to a loss of approximately HKD 6.4 million for the same period in 2021, mainly attributed to rising sales costs[9]. - For the three months ended December 31, 2022, the group's revenue was HKD 7.2 million, down from HKD 9.3 million in the same period of 2021[10]. - The basic and diluted loss per share for the nine months ended December 31, 2022, was HKD 7.62, compared to HKD 1.15 for the same period in 2021[10]. - The group recorded other income of HKD 795,000 for the nine months ended December 31, 2022, slightly up from HKD 781,000 for the same period in 2021[10]. - The company reported a loss before tax of HKD 8,700,000 for the nine months ended December 31, 2022, compared to a loss of HKD 6,363,000 for the same period in 2021, indicating a deterioration in financial performance[23]. - The loss attributable to owners of the company for the period was HKD 8,700,000, which is a significant increase from the loss of HKD 6,211,000 reported in the previous year[12]. Revenue Sources - Maintenance engineering contributed HKD 25,285,000 to total revenue for the nine months ended December 31, 2022, while civil engineering reported no revenue during the same period[19]. - The company has not reported any revenue from civil engineering activities for the nine months ended December 31, 2022, indicating a potential area for future growth or strategic focus[23]. - The company continues to focus on maintenance engineering as its primary revenue source, with plans to explore opportunities in civil engineering to diversify its income streams[19]. Costs and Expenses - The cost of sales for the three months ended December 31, 2022, was HKD 11.4 million, compared to HKD 8.2 million for the same period in 2021[10]. - Administrative expenses for the nine months ended December 31, 2022, were HKD 7,717,000, slightly higher than HKD 7,417,000 for the same period in 2021[23]. - The cost of sales increased from approximately HKD 25.1 million for the nine months ended December 31, 2021, to approximately HKD 27.0 million for the same period in 2022, primarily due to increased subcontractor costs and sales-related expenses[45]. Financial Position - The company had a total equity of HKD 51,384,000 as of April 1, 2022, which decreased to HKD 42,684,000 by December 31, 2022, reflecting a decline in net assets[12]. - The company’s total liabilities increased, contributing to the overall financial strain reflected in the increased losses reported[12]. - The group has no significant foreign exchange risk as its business activities are primarily conducted in Hong Kong and denominated in HKD[62]. Capital and Investments - Capital expenditures for the nine months ended December 31, 2022, were funded through net proceeds from the listing, internal resources, finance leases, and bank borrowings[53]. - The net proceeds from the placement amounted to approximately HKD 29.6 million, with all proceeds utilized as of December 31, 2022[58]. - As of December 31, 2022, the actual utilization of the net proceeds included HKD 17.8 million for debt repayment, HKD 3.385 million for workforce expansion, and HKD 5 million for general working capital[60]. - The group has no plans for significant investments or capital assets beyond those disclosed in the report[57]. Compliance and Governance - The directors confirmed compliance with the required trading standards during the reporting period[66]. - The Audit Committee was established on September 21, 2018, in accordance with GEM Listing Rules[80]. - The unaudited financial data for the nine months ending December 31, 2022, has been reviewed by the Audit Committee[80]. - The company is committed to adhering to applicable accounting standards and GEM Listing Rules for financial reporting[80]. Future Outlook - The company remains optimistic about future tender opportunities in civil engineering and maintenance projects, driven by government initiatives to enhance regional development[38]. - The company received government subsidies primarily from employment support schemes during the nine months ended December 31, 2022, maintaining other income at approximately HKD 0.8 million[47]. - The company has not identified any significant changes in the business or regulatory environment affecting its operations as of December 31, 2022[40].
广骏集团控股(08516) - 2023 Q3 - 季度财报