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易通讯集团(08031) - 2019 Q3 - 季度财报
2019-11-14 08:48
Financial Performance - The total revenue for the nine months ended September 30, 2019, was approximately HKD 100,001,000, a decrease of about 3.8% compared to HKD 103,925,000 for the same period in 2018[5] - The profit attributable to the owners of the company for the nine months ended September 30, 2019, was approximately HKD 7,285,000, an increase of approximately 506.6% compared to HKD 1,201,000 for the same period in 2018[5] - The earnings per share for the nine months ended September 30, 2019, was approximately HKD 2.6, compared to HKD 0.4 for the same period in 2018[5] - The revenue from financial services for the nine months ended September 30, 2019, was HKD 15,687,000, compared to HKD 2,106,000 for the same period in 2018[12] - The total comprehensive income for the nine months ended September 30, 2019, was HKD 7,285,000, compared to HKD 1,201,000 for the same period in 2018[7] - The operating profit for the nine months ended September 30, 2019, was HKD 9,265,000, compared to HKD 3,425,000 for the same period in 2018[7] Revenue Breakdown - The revenue from outsourced inbound customer contact services for the three months ended September 30, 2019, was HKD 2,998,000, down from HKD 3,681,000 for the same period in 2018[12] - The revenue from outsourced outbound customer contact services for the three months ended September 30, 2019, was HKD 3,608,000, down from HKD 10,373,000 for the same period in 2018[12] Dividends and Earnings - The company did not recommend the payment of an interim dividend for the nine months ended September 30, 2019, compared to no dividend in 2018[17] - The basic earnings per share for the nine months ended September 30, 2019, were approximately HKD 7,285,000, compared to HKD 1,201,000 for the same period in 2018[18] - The company did not recommend the payment of an interim dividend for the nine months ended September 30, 2019, consistent with the previous year[22] Expenses - The unaudited employee benefit expenses increased from approximately HKD 60,900,000 for the nine months ended September 30, 2018, to approximately HKD 67,500,000 for the same period in 2019[24] - The unaudited depreciation and amortization expenses rose from approximately HKD 6,700,000 to approximately HKD 9,300,000 for the same periods[26] Business Expansion - The company has expanded into lending services through a newly established wholly-owned subsidiary, which has obtained a money lender license under the Money Lenders Ordinance in Hong Kong[28] - The company aims to continue exploring opportunities, particularly in the financial services sector, to expand its business scope and revenue base[28] - The financial services segment has begun to grow and significantly contributed to the company's revenue and profit despite declines in other service segments[23] Corporate Governance - The audit committee reviewed the unaudited consolidated quarterly results for the nine months ended September 30, 2019, confirming compliance with accounting policies and legal requirements[46] - The company has not engaged in any arrangements allowing directors to benefit from purchasing shares or debt securities as of September 30, 2019[33] - There are no provisions in the company's articles of association or Cayman Islands law requiring the company to offer new shares to existing shareholders on a pro-rata basis[47] - The company has established a non-compete agreement to protect its interests and those of its shareholders[35] - No directors or major shareholders have interests in any competing businesses as of September 30, 2019[39] - The company has not disclosed any other interests or short positions held by directors or major executives in its shares or related securities as of September 30, 2019[43] Shareholder Information - As of September 30, 2019, the chairman and CEO hold a combined 210,000,000 shares, representing 75% of the company's issued share capital[41] Securities Transactions - No repurchase of listed securities occurred during the nine months ended September 30, 2019[49] - The company did not purchase or sell any of its listed securities during the reporting period[49] Reporting and Compliance - The report is available on the GEM website and the company's website for at least seven days from the date of publication[50] - The estimated tax rate for profits generated in Hong Kong was 16.5% for the nine months ended September 30, 2019, consistent with the previous year[15]
易通讯集团(08031) - 2019 - 中期财报
2019-08-14 09:37
Financial Performance - The total revenue for the six months ended June 30, 2019, was approximately HKD 70,531,000, an increase of about 2.9% compared to HKD 68,510,000 for the same period in 2018[5] - The profit attributable to the owners of the company for the six months ended June 30, 2019, was approximately HKD 5,717,000, representing an increase of approximately 444.6% from HKD 1,050,000 in the same period of 2018[5] - Earnings per share for the six months ended June 30, 2019, was approximately HKD 0.02, compared to HKD 0.004 for the same period in 2018[5] - The operating profit for the six months ended June 30, 2019, was HKD 7,391,000, compared to HKD 2,462,000 for the same period in 2018[7] - The company reported a total comprehensive income of HKD 5,717,000 for the six months ended June 30, 2019, compared to HKD 1,050,000 for the same period in 2018[7] - The pre-tax profit for the six months ended June 30, 2019, was HKD 7,063 thousand, significantly up from HKD 2,273 thousand in the same period of 2018, reflecting a growth of approximately 210.4%[29] - The gross profit margin improved from approximately 8% for the six months ended June 30, 2018, to about 15.5% for the same period in 2019[57] - Profit attributable to owners increased by approximately 444.6% from about HKD 1,100,000 in the six months ended June 30, 2018, to approximately HKD 5,700,000 in the same period of 2019[67] Assets and Liabilities - Total assets less current liabilities as of June 30, 2019, amounted to HKD 119,542,000, an increase from HKD 113,923,000 as of December 31, 2018[11] - The net asset value attributable to the owners of the company as of June 30, 2019, was HKD 119,267,000, compared to HKD 113,579,000 as of December 31, 2018[11] - The total assets for the reporting segments amounted to HKD 97,346 thousand as of June 30, 2019, compared to HKD 88,290 thousand as of June 30, 2018, indicating an increase of approximately 10.4%[23] - The total liabilities for the reporting segments were HKD 37,179 thousand as of June 30, 2019[23] - Total trade payables as of June 30, 2019, were HKD 34,389,000, a decrease from HKD 50,135,000 as of December 31, 2018, reflecting a reduction of approximately 31.4%[46] Cash Flow - The company had cash and cash equivalents of HKD 35,800,000 as of June 30, 2019, down from HKD 47,848,000 as of December 31, 2018[9] - The net cash used in operating activities for the six months ended June 30, 2019, was HKD (11,266) thousand, a decrease from HKD 19,654 thousand in the same period of 2018[16] - The total cash and cash equivalents decreased by HKD 12,048 thousand for the six months ended June 30, 2019, compared to an increase of HKD 6,029 thousand in the same period of 2018[16] - The net cash used in investing activities for the six months ended June 30, 2019, was HKD (533) thousand, a decrease from HKD (13,101) thousand in the same period of 2018[16] - The net cash used in financing activities for the six months ended June 30, 2019, was HKD (249) thousand, a decrease from HKD (524) thousand in the same period of 2018[16] Employee Expenses - Employee benefit expenses for the six months ended June 30, 2019, were HKD 46,320,000, compared to HKD 39,176,000 for the same period in 2018[7] - Employee benefits expenses for the six months ended June 30, 2019, totaled HKD 48,423 thousand, an increase from HKD 41,152 thousand in the same period of 2018, representing a growth of approximately 17.5%[31] Dividends - The company did not declare any interim dividends for the period[14] - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2019, consistent with the previous year[38] Revenue Breakdown - Revenue from outsourced inbound customer contact services decreased by approximately 37.8% to about HKD 6,100,000 for the six months ended June 30, 2019, compared to HKD 9,800,000 in 2018[58] - Revenue from outsourced outbound customer contact services decreased by approximately 27.3% to about HKD 17,800,000 for the six months ended June 30, 2019, compared to HKD 24,500,000 in 2018[59] - Revenue from personnel dispatch services increased by approximately 8.8% to about HKD 29,100,000 for the six months ended June 30, 2019, compared to HKD 26,800,000 in 2018[62] - Financial services revenue significantly increased to approximately HKD 11,300,000 for the six months ended June 30, 2019, from HKD 1,300,000 in 2018, with a gross profit margin of about 38.4%[65] Corporate Governance - The company has complied with all provisions of the GEM Corporate Governance Code during the six-month period ending June 30, 2019[72] - The audit committee reviewed the unaudited interim results for the six months ending June 30, 2019, and confirmed compliance with Hong Kong Generally Accepted Accounting Principles[84] Shareholder Information - As of June 30, 2019, Mr. Tang Chengbo holds a beneficial interest in 210,000,000 shares, representing 75% of the issued share capital of the company[79] - The weighted average number of ordinary shares in issue remained constant at 280,000,000 for both periods under review[39] Other Financial Information - The company did not redeem any of its listed securities nor did it purchase or sell any of its listed securities during the six-month period ending June 30, 2019[85] - The company did not recognize any deferred tax liabilities in the financial statements due to the absence of significant timing differences[37] - The company recorded a significant decrease in related party transactions for property leasing expenses, amounting to HKD 443,000 for the six months ended June 30, 2019, down from HKD 1,279,000 in the same period of 2018[49] - The group maintained a current ratio of approximately 2.72 and a debt-to-asset ratio of 12.8% as of June 30, 2019, compared to 2.48 and 12.6% respectively at the end of 2018[70] - The group plans to continue growth strategies by strengthening fund management capabilities to explore new opportunities in the financial sector[55] - The group has successfully secured significant contracts for providing ongoing advisory services across various investment instruments, indicating a recovery in financial services performance[55] - As of June 30, 2019, the group has pledged approximately HKD 9,000,000 in bank deposits for bank financing and trade receivables financing[71]
易通讯集团(08031) - 2019 Q1 - 季度财报
2019-05-15 10:15
Financial Performance - Total revenue increased from approximately HKD 32,320,000 for the three months ended March 31, 2018, to approximately HKD 36,623,000 for the three months ended March 31, 2019, representing a growth of about 10.8%[4] - Profit attributable to owners of the company for the three months ended March 31, 2019, was approximately HKD 2,534,000, a significant increase of approximately 723% compared to HKD 308,000 for the same period in 2018[4] - Earnings per share for the three months ended March 31, 2019, was approximately HKD 0.91, compared to HKD 0.11 for the same period in 2018[4] - Operating profit for the three months ended March 31, 2019, was HKD 3,160,000, compared to HKD 975,000 for the same period in 2018, indicating a substantial increase[6] - The company's total comprehensive income for the three months ended March 31, 2019, was HKD 2,534,000, consistent with the profit attributable to owners of the company[6] - Total revenue increased from approximately HKD 32,300,000 for the three months ended March 31, 2018, to approximately HKD 36,600,000 for the three months ended March 31, 2019, primarily driven by the financial services business[25] - Profit attributable to owners increased from approximately HKD 300,000 for the three months ended March 31, 2018, to approximately HKD 2,500,000 for the three months ended March 31, 2019, mainly due to the increase in revenue during the period[26] Expenses and Costs - Employee benefit expenses rose from approximately HKD 18,900,000 for the three months ended March 31, 2018, to approximately HKD 24,500,000 for the three months ended March 31, 2019, attributed to an increase in the number of employed agents after ceasing the use of outsourced agents[25] - Depreciation and amortization expenses decreased from approximately HKD 2,100,000 for the three months ended March 31, 2018, to approximately HKD 1,800,000 for the three months ended March 31, 2019[26] - Financial costs decreased from approximately HKD 100,000 for the three months ended March 31, 2018, to approximately HKD 62,000 for the three months ended March 31, 2019[26] - The company reported financial expenses of HKD 62,000 for the three months ended March 31, 2019, compared to HKD 148,000 for the same period in 2018[6] Dividend Policy - The company did not recommend the declaration of an interim dividend for the three months ended March 31, 2019, compared to no dividend declared for the same period in 2018[4] - The company does not recommend the payment of any interim dividend for the three months ended March 31, 2019, consistent with the previous year[23] Business Strategy and Opportunities - The demand for inbound customer services continues to rise, and the company has enhanced its team structure and facilities to achieve growth[28] - The company plans to explore more opportunities to expand its financial services business and trading volume, particularly in the context of Hong Kong's role as an asset management center under the Greater Bay Area framework[28] - The company will continue to focus on personnel dispatch services as a key business strategy for future expansion[28] Shareholding and Governance - As of March 31, 2019, the company’s major shareholder, Mr. Tang Chengbo, holds 210,000,000 shares, representing 75% of the issued share capital[34] - The shares held by Mr. Tang Chengbo are owned through Master Enterprises Limited, which he fully and beneficially owns[35] - No other directors or major executives held any additional interests or short positions in the company’s shares as of March 31, 2019[37] - The company has been compliant with all provisions of the GEM Corporate Governance Code during the review period[29] Audit and Compliance - The audit committee reviewed the unaudited interim results for the three months ended March 31, 2019, confirming compliance with accounting policies and sufficient disclosure[40] - The company did not redeem any of its listed securities during the three months ended March 31, 2019, nor did it or any of its subsidiaries purchase or sell any listed securities[40] Revenue Breakdown - Revenue breakdown for the three months ended March 31, 2019, included HKD 2,653,000 from inbound customer contact services, HKD 9,451,000 from outbound customer contact services, and HKD 15,803,000 from personnel dispatch services[12] Taxation - The estimated taxable profit in Hong Kong for the three months ended March 31, 2019, was subject to a tax rate of 16.5%, the same as in 2018[15] Share Information - The weighted average number of ordinary shares in issue for the three months ended March 31, 2019, was 280,000,000 shares, unchanged from the same period in 2018[18]
易通讯集团(08031) - 2018 - 年度财报
2019-03-29 11:44
Financial Performance - Revenue for the year reached HKD 141.7 million, a slight decrease of approximately 3.3%[26] - Profit increased by 253.9% to approximately HKD 3.9 million, driven by high-margin contact center projects and improved financial performance in the financial services sector[26] - The group's total revenue decreased from approximately HKD 146.6 million in the year ended December 31, 2017, to approximately HKD 141.7 million in the year ended December 31, 2018, a reduction of about HKD 4.9 million[50] - The profit for the year increased from approximately HKD 1.1 million for the year ended December 31, 2017, to approximately HKD 3.9 million for the year ended December 31, 2018[49] - Financial services revenue surged from approximately HKD 700,000 for the year ended December 31, 2017, to approximately HKD 6,800,000 for the year ended December 31, 2018, driven by contributions from asset management services[58] Revenue Breakdown - Revenue from related services increased by approximately 18% compared to the previous year, reflecting improved recruitment capabilities and efficiency[29] - The revenue from outsourced inbound customer contact services was HKD 16.4 million with a gross margin of 11.5% in 2018, compared to HKD 10.5 million and 7.2% in 2017[51] - The revenue from outsourced outbound customer contact services was HKD 43.7 million with a gross margin of 30.8% in 2018, down from HKD 66.4 million and 45.3% in 2017[51] - The revenue from personnel dispatch services increased to HKD 59.7 million with a gross margin of 42.1% in 2018, compared to HKD 50.4 million and 34.4% in 2017[51] - The revenue from outsourced inbound customer contact services increased from approximately HKD 10,500,000 for the year ended December 31, 2017, to HKD 16,400,000 for the year ended December 31, 2018, due to increased demand[53] - The revenue from outsourced outbound customer contact services decreased from approximately HKD 66,400,000 for the year ended December 31, 2017, to approximately HKD 43,700,000 for the year ended December 31, 2018, reflecting a challenging business environment[54] - The revenue from personnel dispatch services rose from approximately HKD 50,400,000 for the year ended December 31, 2017, to approximately HKD 59,700,000 for the year ended December 31, 2018, indicating strong demand[55] Strategic Initiatives - The company adopted a diversified strategy to manage risks and expand its business, including outsourcing, dispatch, and equipment management services[26] - The company plans to continue maintaining its contact center systems and services while developing its own financial products and collaborating with other entities[27] - The group plans to focus resources on potential growth areas such as personnel dispatch services and the Weisi system-related services and sales[45] - The group aims to establish and manage multiple funds through Jiyou Asset Management, including a lender fund expected to launch in Q2 2019[45] - The group acquired Jiyou Asset Management for approximately HKD 6 million to expand its financial platform, which is involved in asset management activities valued at approximately HKD 4.3 billion[43] Corporate Governance - The company has complied with all corporate governance code provisions except for one specific provision regarding non-executive directors' attendance at board meetings[94] - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced structure with relevant expertise[96] - The company is committed to maintaining high levels of corporate governance to enhance transparency and accountability to shareholders[94] - All directors confirmed compliance with the securities trading code during the year ending December 31, 2018[95] - The company has established a code of conduct for directors' securities trading, aligning with GEM listing rules[95] Environmental Impact - The total direct greenhouse gas emissions from vehicle use amounted to 7,900 kg in 2018, with CO2 emissions being 6,544 kg[153] - The company implemented policies to reduce environmental impact, such as using unleaded gasoline and encouraging public transport[156] - Indirect greenhouse gas emissions from electricity usage were approximately 431,268 kg in 2018[157] - The company aims to enhance stakeholder relationships and create business value through environmental and social governance initiatives[151] - The company generated approximately 1,860 kilograms of paper waste in 2018, implementing various guidelines to reduce paper usage[165] Employee Engagement and Safety - The total number of employees rose from 525 in 2017 to 688 in 2018, indicating a growth in workforce[170] - The company has established policies to ensure compliance with employment regulations, including the Employment Ordinance and the Minimum Wage Ordinance[179] - Various employee engagement activities were organized in 2018, including sports events and social gatherings, to foster a positive work environment[180] - The company emphasizes the importance of employee health and safety, implementing annual fire drills and ensuring clear emergency exit routes[184] - In 2018, the company recorded 6 work-related injuries, resulting in approximately 57 lost workdays[185]