Financial Performance - For the nine months ended December 31, 2022, the group's revenue was approximately HKD 168.6 million, an increase of about 15.4% compared to HKD 146.1 million for the same period in 2021[7] - Gross profit for the nine months ended December 31, 2022, was approximately HKD 41.4 million, a decrease of about 11.9% from HKD 47.0 million for the same period in 2021[7] - Net profit decreased from approximately HKD 9.5 million for the nine months ended December 31, 2021, to approximately HKD 3.0 million for the same period in 2022[7] - Basic and diluted earnings per share for the nine months ended December 31, 2022, were approximately HKD 0.30, down from HKD 0.95 for the same period in 2021[7] - Total comprehensive income for the nine months ended December 31, 2022, was HKD 3.0 million, compared to HKD 9.5 million for the same period in 2021[8] - The group reported a pre-tax profit of HKD 5.6 million for the nine months ended December 31, 2022, down from HKD 13.1 million for the same period in 2021[8] Revenue Breakdown - Revenue from residential buildings for the nine months ended December 31, 2022, was HKD 25,718,000, up 33.9% from HKD 19,239,000 in the previous year[17] - Revenue from community facilities for the nine months ended December 31, 2022, was HKD 57,998,000, representing a 61.6% increase from HKD 35,915,000 in 2021[17] - Revenue from construction protection services rose to HKD 123.8 million in the nine months ended December 31, 2022, up from HKD 86.1 million in the same period of 2021, indicating a significant increase due to more public and private projects[33] - Revenue from construction protection products decreased from approximately HKD 60.0 million in the nine months ended December 31, 2021, to approximately HKD 44.8 million in the same period of 2022, primarily due to reduced demand from Hong Kong customers[34] Expenses and Costs - The group incurred administrative expenses of HKD 30.6 million for the nine months ended December 31, 2022, compared to HKD 27.4 million for the same period in 2021[8] - Financial costs increased to HKD 560,000 for the nine months ended December 31, 2022, from HKD 252,000 for the same period in 2021[8] - Total employee costs for the nine months ended December 31, 2022, were HKD 33,549,000, an increase of 7.5% from HKD 31,225,000 in 2021[23] - The company's sales and service costs increased from approximately HKD 99.2 million to approximately HKD 127.2 million, reflecting a rise of about 28.2% due to higher material and direct labor costs[35] - The company's depreciation expense for property and equipment for the nine months ended December 31, 2022, was HKD 2,830,000, an increase from HKD 1,818,000 in the previous year[23] Dividends and Shareholder Information - The board of directors did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous year[7] - The company did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous period[44] - As of December 31, 2022, Ultra Success holds 750,000,000 shares, representing 75% of the company's equity[61] - Mr. Lin is the sole beneficial owner of Ultra Success, which is a company registered in the British Virgin Islands[61] - There were no unexercised share options as of December 31, 2022, and no share options have been granted or exercised since the listing date[62] Government Support and Subsidies - The company received government subsidies totaling HKD 1,194,000 during the nine months ended December 31, 2022, related to the COVID-19 "Employment Support" scheme[19] - Other income rose from approximately HKD 851,000 to approximately HKD 1.4 million, mainly due to subsidies received from the Hong Kong government's "Employment Support Scheme" launched in April 2022[37] Operational Challenges and Future Outlook - The impact of the COVID-19 pandemic has delayed some construction projects, affecting the company's operational and financial performance[49] - The company remains confident in its future prospects and aims to strengthen its market position by securing more construction protection projects in Hong Kong[50] Compliance and Governance - The company has complied with the corporate governance code, except for the separation of roles between the Chairman and CEO, which Mr. Lin holds concurrently[65] - The audit committee reviewed the financial reporting process and confirmed that the unaudited condensed consolidated financial statements for the nine months ending December 31, 2022, were prepared in accordance with applicable accounting standards[68]
新威工程集团(08616) - 2023 Q3 - 季度财报