Financial Performance - For the nine months ended September 30, 2023, the company's revenue was HKD 121,997,000, a decrease of 11.8% compared to HKD 138,318,000 for the same period in 2022[22]. - The gross profit for the nine months ended September 30, 2023, was HKD 11,575,000, down 28.5% from HKD 16,124,000 in the previous year[22]. - The company reported a loss before tax of HKD 16,365,000 for the nine months ended September 30, 2023, compared to a loss of HKD 8,090,000 for the same period in 2022[22]. - The basic and diluted loss per share for the nine months ended September 30, 2023, was HKD 1.56, compared to HKD 0.77 for the same period in 2022[22]. - For the nine months ended September 30, 2023, the company reported a loss attributable to equity holders of HKD (16,365) thousand, compared to a loss of HKD (8,090) thousand for the same period in 2022, representing a 102.9% increase in loss[40]. - The company’s total comprehensive expenses for the nine months ended September 30, 2023, amounted to HKD (44,888) thousand, compared to HKD (16,365) thousand for the same period in 2022[38]. - The company reported a loss of approximately HKD 16.3 million for the nine months ended September 30, 2023, an increase of about HKD 8.3 million compared to the previous period[60]. Dividend and Share Options - The company did not recommend the payment of any dividends for the nine months ended September 30, 2023[3]. - There were no share options granted during the relevant period, and no unexercised share options as of September 30, 2023[5]. - The company did not recommend the payment of dividends for the nine months ended September 30, 2023[39]. Corporate Governance - The company has established an audit committee to oversee the integrity of financial reporting and the independence of external auditors[7]. - The company has adopted a code of conduct for securities transactions by directors, with no violations reported for the nine months ended September 30, 2023[2]. - The company continues to comply with the GEM Listing Rules and the applicable corporate governance code[1]. - The company has not reported any competition or conflict of interest involving its directors or major shareholders as of September 30, 2023[87]. Operational Highlights - The company recorded a total of 110 projects generating revenue during the nine months ended September 30, 2023, an increase from 108 projects in the same period of 2022[43]. - The company secured 46 new projects during the nine months ended September 30, 2023, with a total original contract value of approximately HKD 131.6 million[43]. - The company focuses on project management, procurement, and quality control across various construction and maintenance services, including RMAA and new building projects[42]. - The company anticipates that the future opportunities and challenges will continue to be influenced by the development of the Hong Kong property market and infrastructure expansion[43]. Employee and Compensation - As of September 30, 2023, the company employed a total of 87 employees, down from 102 employees as of December 31, 2022[73]. - For the nine months ended September 30, 2023, the employee costs, including directors' remuneration, were approximately HKD 26.1 million, compared to HKD 33.0 million for the same period in 2022[73]. - The company has implemented a compensation policy based on market terms and individual performance, qualifications, and experience[73]. Financial Position - The current ratio remained stable at approximately 1.4 times as of September 30, 2023[61]. - Total borrowings decreased from approximately HKD 30.1 million to about HKD 26.5 million[61]. - The capital debt ratio improved from approximately 42.0% to about 39.9% due to repayment of bank loans[61]. - The company has no significant investments or capital asset plans as of September 30, 2023[67]. - There were no major acquisitions or disposals of subsidiaries or associates during the nine months ended September 30, 2023[68]. Ownership and Shareholding - The company is wholly owned by Advanced Pacific Enterprises Limited, with the ultimate owner being Mr. Cheung Chung Sum[80]. - Mr. Cheung Chung Sum holds a beneficial interest in 535,670,000 ordinary shares, representing 51% of the company's total shares[81]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries for the nine months ended September 30, 2023[88]. Other Information - The company has not disclosed any new product or technology developments in the provided content[76]. - The company’s revenue is derived solely from building maintenance and construction services in Hong Kong, with no income tax provisions due to the absence of estimated taxable profits[35][37]. - Other income decreased from HKD 3.3 million to HKD 0.7 million due to the absence of government subsidies related to COVID-19[54]. - Administrative expenses decreased by approximately HKD 8.5 million or 32.6% from about HKD 26.0 million to approximately HKD 17.5 million[53]. - The company operates under the historical cost convention and adheres to Hong Kong Financial Reporting Standards[32].
洢人壹方控股(08305) - 2023 Q3 - 季度财报