Financial Performance - Revenue increased from approximately HK$201.60 million in the nine months ended December 31, 2020, to approximately HK$310.91 million in the nine months ended December 31, 2021, representing a significant increase of approximately HK$109.31 million or 54.23%[6] - Gross profit for the nine months ended December 31, 2021, was HK$55.66 million, compared to HK$42.03 million for the same period in 2020, reflecting a growth of 32.43%[5] - Profit attributable to equity holders of the company was approximately HK$14.80 million or HK$1.23 per share, down from HK$18.04 million or HK$1.50 per share in the previous year, a decrease of 17.94%[5] - Total revenue for the three months ended December 31, 2021, was HK$98.50 million, compared to HK$72.35 million for the same period in 2020, an increase of 36.23%[7] - Total revenue for the nine months ended December 31, 2021, reached HKD 310.9 million, representing a 54.3% increase from HKD 201.6 million in the previous year[16] - The normalized operating profit for the period was approximately HKD 26.16 million, a significant improvement compared to HKD 18.04 million for the nine months ended December 31, 2020[30] Revenue Breakdown - Revenue from installation services for the nine months ended December 31, 2021, was HKD 244.1 million, a significant increase of 96.5% compared to HKD 123.9 million for the same period in 2020[16] - Revenue from alteration and addition services for the nine months ended December 31, 2021, decreased to HKD 62.2 million, down 15.0% from HKD 73.2 million in the same period of 2020[16] - Revenue from installation projects contributed approximately HKD 244.09 million, driven by nearly completed large-scale projects generating about HKD 186.64 million[28] Expenses and Costs - Operating expenses for the nine months ended December 31, 2021, were HK$23.33 million, compared to HK$19.29 million for the same period in 2020, reflecting an increase of 21.25%[7] - Administrative and other operating expenses for the nine months ended December 31, 2021, amounted to HKD 23.3 million, an increase of 21.3% from HKD 19.3 million in the same period of 2020[18] - Employee costs and benefits for the nine months ended December 31, 2021, increased to HKD 13.1 million, a rise of 31.5% from HKD 9.9 million in the same period of 2020[18] - The company incurred listing expenses of HK$11.36 million during the nine months ended December 31, 2021, which impacted profitability[7] - Financing costs for the period were approximately HKD 0.47 million, up from HKD 0.29 million in 2020, due to increased interest expenses from bank loans and lease liabilities[41] Dividends and Shareholder Information - The board of directors does not recommend the payment of an interim dividend for the nine months ended December 31, 2021, compared to an interim dividend of HK$0.25 per share declared for the same period in 2020[6] - The board of directors did not recommend the payment of dividends for the reporting period, compared to a mid-term dividend of HK$0.25 per share declared for the nine months ending December 31, 2020[48] - As of December 31, 2021, the company had a total of 1,200,000,000 issued shares[57] - Mr. Pan Cheng-Kuang holds 508,500,000 shares, representing 42.37% of the issued share capital[50] - Noble Capital holds 391,500,000 shares, which accounts for 32.63% of the issued share capital[55] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the quarterly performance and confirmed compliance with applicable accounting standards and GEM listing rules[65] - The company has adhered to the principles of the corporate governance code during the reporting period, with a noted deviation regarding the separation of roles between the Chairman and CEO, which is deemed appropriate for effective management[63] Market Outlook and Strategy - The company remains optimistic about the overall industry outlook, supported by government commitments to build approximately 330,000 public housing units over the next decade[31] - The company plans to expand its operations in the Greater Bay Area market despite uncertainties caused by COVID-19 variants[33] Risk Management - The company does not face significant foreign exchange risk as all revenue-generating businesses and borrowings are primarily transacted in Hong Kong dollars, which is also the reporting currency[46] - The company has no foreign currency hedging policy in place[46] - As of December 31, 2021, the company had no significant contingent liabilities, consistent with the previous year[47] Ownership Structure - The ownership interests disclosed are all beneficial interests[57] - The company reported a significant ownership structure, with Ms. Pan Jin Yi, Mr. Wu Guo Wei, and Ms. Li Tao Xian holding approximately 40%, 30%, and 30% equity in Legend Advanced, which directly holds 90,000,000 shares of the company[61] Other Information - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[13] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[59] - There were no competitive or conflict of interest activities reported by directors or major shareholders during the reporting period[60]
荧德控股(08535) - 2022 Q3 - 季度财报