Financial Performance - For the three months ended June 30, 2023, the group's revenue decreased by approximately HKD 7.8 million to about HKD 1.6 million from approximately HKD 9.4 million for the same period in 2022[11] - The gross loss for the three months ended June 30, 2023, was approximately HKD 3.4 million, compared to a gross loss of approximately HKD 1.4 million for the same period in 2022, primarily due to the decrease in revenue[11] - The net loss attributable to owners of the company for the three months ended June 30, 2023, was approximately HKD 4.4 million, a decrease from a net loss of approximately HKD 5.1 million for the same period in 2022, mainly due to reduced administrative expenses[11] - The basic and diluted loss per share for the three months ended June 30, 2023, was HKD 4.03, compared to HKD 4.49 for the same period in 2022[12] - For the three months ended June 30, 2023, the group's revenue was HKD 1,615,000, a decrease of 82.8% compared to HKD 9,377,000 for the same period in 2022[22] - The group reported a basic loss per share of HKD (0.0403), an improvement from HKD (0.0448) in the same period last year[32] - The net loss for the period decreased from approximately HKD 5.1 million to approximately HKD 4.6 million, a reduction of about 9.8%[49] Administrative Expenses - Administrative expenses decreased to approximately HKD 2.3 million for the three months ended June 30, 2023, from HKD 3.7 million for the same period in 2022[12] - Administrative expenses decreased from approximately HKD 3.7 million to approximately HKD 2.3 million, a reduction of about 37.8%[46] Other Income and Financing Costs - Other income increased to approximately HKD 1.04 million for the three months ended June 30, 2023, compared to HKD 37,000 for the same period in 2022[12] - The financing costs for the three months ended June 30, 2023, were HKD 16, compared to HKD 4 for the same period in 2022[12] - Financing costs increased from approximately HKD 4,000 to approximately HKD 16,000[47] Equity and Dividends - The total equity attributable to owners of the company as of June 30, 2023, was approximately HKD 19.7 million, down from HKD 24.1 million as of March 31, 2023[15] - The group has not proposed any dividends for the three months ended June 30, 2023, consistent with the previous year[30] - The company does not recommend paying dividends for the three months ended June 30, 2023[51] Business Operations and Future Outlook - The company completed several projects during the three months ended June 30, 2023, contributing to the revenue decline[11] - The management anticipates increased construction activity in Hong Kong over the next few years due to government initiatives, despite challenges such as skilled labor shortages and inflationary pressures[36] - The group continues to focus on expanding its maintenance and civil engineering business in Hong Kong to maintain a competitive edge[36] - The management will monitor project costs and collaborate with subcontractors and suppliers to address any cost issues in the construction industry[36] Compliance and Governance - The group has no significant non-compliance events as of the report date[38] - The audit committee, established on September 21, 2018, reviewed the unaudited financial statements for the three months ending June 30, 2023[72] - The financial performance is deemed to comply with applicable accounting standards and GEM listing rules[72] - No additional disclosures of interests or short positions were reported by directors or major shareholders as of June 30, 2023[67] - The company has not identified any conflicts of interest involving its directors or major shareholders[71] - The company’s equity interests are disclosed in accordance with the Securities and Futures Ordinance[68] Shareholding Structure - As of June 30, 2023, Mr. Xia and Mr. Ye each hold 6,466,900 shares, representing 5.66% of the company's equity[62] - Mr. Xia and Mr. Ye are beneficial owners of 50% of Junsheng Holdings Limited, which holds 50 shares[64] - Junsheng Holdings Limited and its beneficial owners collectively hold 5.66% of the company's issued share capital[66] - No directors or major shareholders engaged in any competing business with the group as of June 30, 2023[71] Accounting Policies - The group has maintained the same accounting policies as those used in the audited financial statements for the year ended March 31, 2023[20] Report Issuance - The report was issued on August 11, 2023, by the chairman and executive director, Mr. Xia[74]
广骏集团控股(08516) - 2024 Q1 - 季度财报