朝威控股：二零二三年第三季度报告

Third Quarterly Report二零二三年第三季度報告2023 GEM CHARACTERISTICS OF THE GEM OF THE STOCKEXCHANGE OF HONG KONG LIMITED (THE“STOCK EXCHANGE”) GEM GEM has been positioned as a market designed toaccommodate companies to which a higher investmentrisk may be attached than other companies listed on theStock Exchange. Prospective investors should be awareof the potential risks of investing in such companies andshould make the decision to invest only after due andcareful consideration. GEMGEMGEM Given that the companies listed on GEM are generallysmall and mid-sized companies, there is a risk thatsecurities traded on GEM may be more susceptible tohigh market volatility than securities traded on the MainBoard and no assurance is given that there will be aliquid market in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and theStock Exchange take no responsibility for the contents ofthis report, make no representation as to its accuracy orcompleteness and expressly disclaim any liability whatsoeverfor any loss howsoever arising from or in reliance upon thewhole or any part of the contents of this report. GEMGEM This report, for which the directors (the “Directors”)of Glory Flame Holdings Limited (the “Company”)collectively and individually accept full responsibility,includes particulars given in compliance with the RulesGoverning the Listing of Securities on GEM of the StockExchange (the “GEM Listing Rules”) for the purposeof giving information with regard to the Company. TheDirectors, having made all reasonable enquiries, confirmthat to the best of their knowledge and belief the informationcontained in this report is accurate and complete in allmaterial respects and not misleading or deceptive, and thereare no other matters the omission of which would make anystatement herein or this report misleading. FINANCIAL HIGHLIGHTS For the nine months ended 30 September 2023, theoperating results of the Group were as follows: •82,700,00080,800,0002.4% •Revenue amounted to approximately HK$82.7million (nine months ended 30 September 2022:approximately HK$80.8 million), representingan increase of approximately 2.4% from thecorresponding period of last year. THIRD QUARTERLY RESULTS The board (“Board”) of Directors is pleased to present theunaudited condensed consolidated results of the Companyand its subsidiaries (collectively the “Group”) for thenine months ended 30 September 2023 (the “ReportingPeriod”), together with the unaudited comparative figuresfor the corresponding period in 2022, as follows: CONDENSED CONSOLIDATED STATEMENTOF PROFIT OR LOSS AND OTHERCOMPREHENSIVE INCOME (UNAUDITED)For the nine months ended 30 September 2023 CONDENSED CONSOLIDATED STATEMENT OFCHANGE IN EQUITY (UNAUDITED)For the nine months ended 30 September 2023 NOTES TO THE UNAUDITED CONDENSEDCONSOLIDATED FINANCIAL INFORMATIONFor the nine months ended 30 September 2023 1. 1.GENERAL INFORMATION GEM Glory Flame Holdings Limited was incorporated inthe Cayman Islands on 25 April 2014 as an exemptedcompany with limited liability under the CompaniesLaw of the Cayman Islands and its shares have beenlisted on the GEM of The Stock Exchange of HongKong Limited (the “Stock Exchange”) with effectfrom 15 August 2014. Windward 3, Regatta Office Park,P.O. Box 1350, 75 Fort Street,G r a n d C a y m a n K Y 1 - 11 0 8 ,Cayman Islands8821 The address of the Company’s registered office isWindward 3, Regatta Office Park, P.O. Box 1350,75 Fort Street, Grand Cayman KY1-1108, CaymanIslands. The address of the Company’s principalplace of business in Hong Kong is Suite 821, 8thFloor, Ocean Centre, Harbour City, Tsim Sha Tsui,Kowloon, Hong Kong. The Company is an investmentholding company. The Company and its subsidiaries(collectively referred as to the “Group”) areengaged in provision of concrete demolition servicesand manufacturing and trading of prefabricatedconstruction components. 2. GEM The unaudited condensed consolidated financialstatements for the nine months ended 30 September2022 have been prepared by the Directors inaccordance with Hong Kong Financial ReportingStandards (“HKFRSs”) issued by the HongKong Institute of Certified Public Accountants(“HKICPA”) and the disclosure requirements of theGEM Listing Rules. HKFRSs include Hong KongAccounting Standards and interpretations. Intra-groupbalances and transactions, if any, have been fully andproperly eliminated. The accounting policies andbasis of preparation adopted in the preparation of thefinancial statements for the nine months ended 30September 2023 are consistent with those adopted inthe annual financial statements of the Company forthe year ended 31 December 2022. The unaudited condensed consolidated financialstatements have been prepared on the going-concernbasis which assumes the continuity of normalbusiness activity and the realization of assets andthe settlement of liabilities in the normal course ofbusiness. 8,000,00012,000,000 As at 30 September 2023, the Group