Financial Performance - Revenue for the three months ended March 31, 2022, was HK$36,968,000, representing an increase of 16.8% compared to HK$31,620,000 for the same period in 2021[11] - Gross profit for the period was HK$14,300,000, up 19.8% from HK$11,942,000 in the previous year[11] - Profit before income tax was HK$8,921,000, an increase of 55.5% from HK$5,743,000 in the same period last year[11] - Profit attributable to owners of the Company for the period was HK$7,696,000, compared to HK$4,869,000 in the prior year, marking a 58.5% increase[11] - Basic and diluted earnings per share for the period were 0.96 HK cents, up from 0.61 HK cents in the previous year[11] - For the three months ended March 31, 2022, the total comprehensive income was HK$7,696,000, compared to HK$4,869,000 for the same period in 2021, representing a 58.5% increase[13] - For the three months ended March 31, 2022, the Group recorded a net profit of approximately HK$7.7 million, an increase of 57.5% compared to HK$4.9 million for the same period in 2021[38] Costs and Expenses - Direct costs increased to HK$22,668,000, up from HK$19,678,000, reflecting a rise of 15.1%[11] - Administrative expenses decreased to HK$5,988,000 from HK$6,347,000, a reduction of 5.7%[11] - Finance costs increased slightly to HK$24,000 from HK$17,000, a rise of 41.2%[11] - Costs of revenue rose to approximately HK$22.7 million for the three months ended March 31, 2022, an increase of approximately HK$3.0 million or 15.2% from approximately HK$19.7 million for the same period in 2021[41] - Administrative expenses remained constant at approximately HK$6.0 million for the three months ended March 31, 2022, compared to approximately HK$6.3 million for the same period in 2021[41] Equity and Retained Earnings - The retained earnings at 31 March 2022 were HK$89,423,000, up from HK$66,364,000 at the same date in 2021, indicating a growth of 34.7%[13] - The total equity as of 31 March 2022 was HK$179,091,000, compared to HK$156,032,000 at the end of March 2021, reflecting an increase of 14.8%[13] Business Operations - The Company continues to focus on enhancing operational efficiency and exploring market expansion opportunities[11] - The Group operates as a single segment focused on engineering consultancy services, with no segment analysis presented[29] - The Group's revenue, derived from engineering consultancy services, is recognized in the ordinary course of business[25] - The increase in net profit was primarily due to an increase in the number of technical staff and projects awarded, enhancing productivity[38] - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[38] - The Group is cautiously optimistic about its business outlook due to an increasing number of project quotation invitations received from potential and current customers[38] Corporate Governance - The company has complied with the Corporate Governance Code throughout the three months ended March 31, 2022[62] - The Company is committed to enhancing corporate governance practices to increase transparency and accountability to shareholders[62] - The Company has established an Audit Committee in compliance with GEM Listing Rules, comprising three independent non-executive Directors[71] - The unaudited first quarterly results for the three months ended 31 March 2022 have been reviewed by the Audit Committee members[72] - There were no incidences of non-compliance regarding Directors' securities transactions for the three months ended March 31, 2022[64] Shareholding Structure - As of March 31, 2022, Cheung Kwan Tar holds 426,000,000 shares in the company, representing a 53.25% shareholding[52] - Chiu Chui Ping is deemed to have an interest in 426,000,000 shares through her spouse, Cheung Kwan Tar, also reflecting a 53.25% shareholding[60] - Waywin Investment Holding Limited, a controlled corporation of Cheung Kwan Tar, holds 426,000,000 shares, equating to 53.25% of the company[57] - Cheng Chi Heng holds 58,800,000 shares, representing 7.35% of the company[57] - Polar Lights Limited, controlled by Wong Che Shing, holds 57,600,000 shares, which is 7.20% of the company[57] - Lam Mi Yung is deemed to have an interest in 57,600,000 shares through her spouse, Wong Che Shing, representing 7.20%[60] - Qiu Jianlian is deemed to have an interest in 57,600,000 shares through her spouse, Lam Kwan Yuen, also representing 7.20%[60] - As of March 31, 2022, no other directors or chief executives had interests or short positions in the shares of the company recorded in the required register[60] Compliance and Reporting - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and GEM Listing Rules[17] - The unaudited financial statements are presented in Hong Kong dollars (HK$), rounded to the nearest thousand (HK$'000)[18] - The report is dated 6 May 2022, indicating the timeliness of the financial information presented[76] - The Company is incorporated in the Cayman Islands and listed under stock code 8601[78] Future Outlook - The report does not provide future outlook or performance guidance for the upcoming quarters[68] - The Company has not disclosed specific financial performance metrics or user data in the provided documents[68] - There is no mention of new product or technology development in the provided content[68] - The Company has not indicated any market expansion or acquisition strategies in the available documents[68] Share Options - No share options have been granted under the Share Option Scheme since its adoption on 20 August 2018[65] - There were no dividends proposed or paid by the Company or any of its subsidiaries during the three months ended March 31, 2022[36]
宝燵控股(08601) - 2022 Q1 - 季度财报