CHINA INFO TECH(08178)
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中国信息科技(08178) - 2019 Q3 - 季度财报
2019-11-13 08:43
Financial Performance - For the nine months ended September 30, 2019, the revenue from continuing operations was approximately HKD 41,413,000, a decrease of 8.23% compared to HKD 45,129,000 in the same period last year[16]. - The loss attributable to equity holders from continuing operations for the nine months ended September 30, 2019, was approximately HKD 63,644,000, compared to HKD 26,394,000 in the previous year, primarily due to a fair value loss on investment properties of approximately HKD 35,286,000[16]. - The loss per share attributable to equity holders from continuing operations for the nine months ended September 30, 2019, was HKD 1.11, compared to HKD 0.46 in the previous year[16]. - The group recorded a revenue of approximately HKD 41,413,000 for the nine months ended September 30, 2019, a decrease of 8.23% compared to HKD 45,129,000 in the same period last year[40]. - Gross profit for the nine months ended September 30, 2019, was approximately HKD 16,604,000, down from HKD 20,339,000 in the previous year[42]. - Other income and gains for the nine months ended September 30, 2019, amounted to approximately HKD 460,000, compared to HKD 1,096,000 in the same period last year[42]. - The group incurred a net loss attributable to equity holders of approximately HKD 63,644,000 for the nine months ended September 30, 2019, compared to a loss of HKD 26,394,000 in the previous year[43]. - The company recorded a total loss of HKD 64,856,000 for the nine months ended September 30, 2019, compared to a loss of HKD 20,091,000 for the same period in 2018, reflecting a significant increase in losses[51]. - The total revenue for the three months ended September 30, 2019, was HKD 11,048,000, down 23.5% from HKD 14,468,000 in the same period of 2018[45]. - The gross profit for the nine months ended September 30, 2019, was HKD 16,604,000, compared to HKD 20,339,000 for the same period in 2018, indicating a decrease of 18.5%[45]. - The company reported a total comprehensive loss of HKD 7,327,000 for the three months ended September 30, 2019, compared to HKD 21,987,000 for the same period in 2018, showing a decrease of 66.7%[50]. Dividends and Share Options - The company did not recommend the payment of an interim dividend for the nine months ended September 30, 2019[16]. - The board of directors did not recommend any interim dividend for the nine months ended September 30, 2019, similar to the previous year[73]. - The company granted a total of 217,056,000 share options to participants under its share option scheme, with an exercise price of HKD 0.1 per share[20]. - The company granted a total of 571,200,000 share options under its share option scheme on April 11, 2017, and an additional 217,056,000 share options on June 21, 2019[83]. - There were no unexercised share options exercised, canceled, or lapsed as of September 30, 2019[92]. - All unexercised share options granted on April 11, 2017, are exercisable until April 10, 2027, at an exercise price of HKD 0.153 per share[92]. Business Strategy and Operations - As of September 30, 2019, the company continued to streamline its business structure and had entered into a non-binding memorandum of understanding for a potential acquisition of land and data center buildings in Guangzhou, China[19]. - The company aims to expand its customer base and reputation in China by leveraging strategic locations in the Guangdong-Hong Kong-Macao Greater Bay Area[27]. - The company organized multiple IT seminars to provide clients with the latest technology knowledge and market insights[28]. - The company is transitioning from a system integrator to a provider of marketing artificial intelligence integrated solutions[31]. - The company continues to collaborate with partners to develop its proprietary AI statistical analysis platform software for tailored solutions[31]. - The group aims to expand its services to cover government, healthcare, and education sectors, enhancing its competitive edge in data application[34]. - The group anticipates that the development of its proprietary AI statistical analysis platform will provide unique, tailored services to clients, strengthening its market position[38]. - The company plans to continue its focus on technology solutions and maintenance services as part of its market expansion strategy[57]. Financial Management and Governance - The company has utilized approximately HKD 69,000,000 for administrative and other expenses generated by the group[17]. - The administrative expenses for the nine months ended September 30, 2019, were approximately HKD 42,829,000, an increase of 20.15% from HKD 35,645,000 in the previous year[42]. - The company has not realized the planned liquidation of listed securities due to a loss in the book value of those securities[17]. - The company has not recognized any tax credit for the period, maintaining a consistent approach with the previous year[45]. - The company did not make any provisions for Hong Kong profits tax for the nine months ended September 30, 2019, due to accumulated tax losses from the previous year[70]. - The company is in the process of evaluating the impact of new accounting standards that may affect its financial performance and position, although no significant changes have been reported yet[54]. - The company has four reportable segments, including software development and system integration, which are crucial for its operational strategy[57]. - The company has complied with the GEM Listing Rules regarding corporate governance, except for the chairman and CEO roles being held by the same individual[102]. - The audit committee has reviewed the unaudited consolidated financial statements for the nine months ended September 30, 2019, and confirmed compliance with applicable accounting standards[107]. - The company has established a nomination committee responsible for reviewing the board's structure and recommending suitable candidates for directorship[109]. - The remuneration committee is tasked with determining the specific remuneration packages for executive directors, including benefits and compensation upon termination[110]. - The board is responsible for ensuring a robust internal control and risk management system to protect shareholder investments and assets[113]. - There are no significant events to disclose after the reporting period, indicating stability in operations[114]. Shareholding Structure - As of September 30, 2019, the company had a total issued share capital of 5,722,159,908 shares[78]. - Mr. Wang Jucheng held a 7.06% interest in the company through Discover Wide Investments Limited, which owns 403,971,449 shares[79]. - Mr. Zhang Rong holds 748,144,000 shares, representing 13.07% of the total issued share capital[96]. - Discover Wide Investments Limited holds 403,971,449 shares, representing 7.07% of the total issued share capital[96]. - As of September 30, 2019, the company had a total issued share capital of 5,722,159,908 shares, with major shareholders holding over 5% of the shares[96]. Market Performance - The company experienced a significant decrease in sales of technical support and maintenance services, generating HKD 7,036,000 for the nine months ended September 30, 2019, down from HKD 10,876,000 in 2018[63]. - The company reported a decrease in sales of computer hardware and software, with revenue of HKD 27,322,000 for the nine months ended September 30, 2019, compared to HKD 23,696,000 in 2018[63]. - The company reported a pre-tax loss from continuing operations of HKD 11,618,000 for the nine months ended September 30, 2019, compared to a loss of HKD 18,087,000 in the same period of 2018[69]. - Interest income from loans for the nine months ended September 30, 2019, was HKD 7,055,000, down from HKD 10,557,000 in the previous year[63]. - The company incurred total financial expenses of HKD 3,190,000 for the nine months ended September 30, 2019, compared to HKD 3,731,000 for the same period in 2018[66].
中国信息科技(08178) - 2019 - 中期财报
2019-08-14 13:53
Financial Performance - For the six months ended June 30, 2019, the company's revenue was approximately HKD 30,365,000, a decrease of 1% compared to HKD 30,661,000 in the same period last year[19]. - The loss attributable to equity holders for the six months ended June 30, 2019, was approximately HKD 52,026,000, compared to a loss of HKD 9,557,000 in the same period last year, primarily due to a fair value loss on investment properties of approximately HKD 35,286,000[19]. - The loss per share attributable to equity holders from continuing operations for the six months ended June 30, 2019, was approximately HKD 0.91, compared to HKD 0.17 in the same period last year[19]. - The group recorded a loss attributable to equity holders of approximately HKD 52,026,000 for the six months ended June 30, 2019, compared to a loss of approximately HKD 9,557,000 in the same period of 2018[40]. - The company reported a total comprehensive loss of HKD 60,871,000 for the six months ended June 30, 2019, compared to a loss of HKD 52,654,000 in the same period of 2018, marking an increase in comprehensive loss of about 15.6%[55]. - The company reported a loss from continuing operations of HKD 57,361,000 for the six months ended June 30, 2019, compared to a loss of HKD 53,214,000 for the same period in 2018, representing an increase in loss of approximately 7.9%[48]. - The gross profit for the six months ended June 30, 2019, was HKD 11,037,000, down from HKD 14,714,000 in 2018, reflecting a decline of approximately 25%[48]. - The total revenue for the group was HKD 132,905,000 for the six months ended June 30, 2019, compared to HKD 187,384,000 for the same period in 2018[88]. - The group reported a loss before tax of HKD 24,672,000 for the six months ended June 30, 2019, compared to a loss of HKD 23,441,000 for the same period in 2018[88]. Dividend and Shareholder Information - 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[19]. - The total issued and paid-up share capital remained at HKD 571,215,000 as of June 30, 2019, with 5,712,151,908 shares issued[139]. - As of June 30, 2019, the company had a total of 5,722,159,908 ordinary shares issued, with Discover Wide Investments Limited holding 403,971,449 shares, representing 7.06% of the total issued share capital[181]. - Wang Jucheng, through a controlled corporation, holds 403,971,449 shares (7.06%) and has related interests of 5,688,000 shares (0.10%)[197]. - Zhang Rong directly holds 509,824,000 shares, accounting for 8.91% of the total issued share capital[197]. Operational Developments - The company has begun transforming from a system integrator to a marketing artificial intelligence integrated solution provider, recognizing the significant potential of AI and big data[28]. - Silverlink Group hosted multiple IT seminars, including the "Imagine What's Next" event, which attracted over 700 attendees, showcasing its commitment to providing cutting-edge technology insights[25]. - The collaboration with DataCube has led to the development of a proprietary AI statistical analysis platform software tailored for clients in Hong Kong and China[28]. - The existing businesses of Yin Xing Group and Data Cube Research Center continue to provide synergy and optimization effects for the overall business[23]. - Silverlink Group is actively monitoring market trends to create competitive advantages and provide coherent and comprehensive services[33]. Investments and Acquisitions - The company entered into a non-binding memorandum of understanding for the potential acquisition of land and data center buildings in Guangzhou, China, but the agreement lapsed without formalization[22]. - Silverlink Group acquired 51% of Fullpay Co., Ltd. for HKD 15,300,000, increasing its ownership to 67.67%, to capitalize on the growing mobile payment trends, especially among Chinese tourists in Japan[33]. - The company plans to continue expanding its market presence and exploring new investment opportunities in the technology sector[170]. Financial Position and Cash Flow - As of June 30, 2019, the group's cash and bank balances were approximately HKD 4,934,000, compared to approximately HKD 4,658,000 as of December 31, 2018[41]. - The total borrowings of the group as of June 30, 2019, were approximately HKD 49,637,000, down from approximately HKD 52,921,000 as of December 31, 2018[41]. - The company had cash and cash equivalents of HKD 4,934,000 as of June 30, 2019, compared to HKD 34,118,000 at the beginning of 2018, reflecting a significant decrease of approximately 85.6%[58]. - The net cash generated from operating activities for the six months ended June 30, 2019, was HKD 4,621,000, compared to a net cash used of HKD 14,864,000 in the same period of 2018[72]. - The net cash flow from investing activities was HKD 1,107,000 for the six months ended June 30, 2019, compared to a net cash used of HKD 15,941,000 in the previous year[72]. - The net cash used in financing activities was HKD 5,562,000 for the six months ended June 30, 2019, compared to a net cash generated of HKD 2,996,000 in the same period of 2018[72]. Assets and Liabilities - Non-current assets decreased to HKD 345,991,000 as of June 30, 2019, from HKD 386,871,000 at the end of 2018, a decline of approximately 10.6%[58]. - Current assets totaled HKD 166,144,000 as of June 30, 2019, down from HKD 209,351,000 at the end of 2018, representing a decrease of about 20.7%[58]. - The company's net asset value was HKD 403,343,000 as of June 30, 2019, compared to HKD 446,369,000 at the end of 2018, indicating a reduction of approximately 9.6%[62]. - The company’s total liabilities decreased to HKD 108,792,000 as of June 30, 2019, from HKD 149,558,000 at the end of 2018, a reduction of about 27.3%[61]. - The group’s total assets as of June 30, 2019, were HKD 512,135,000, a decrease from HKD 596,222,000 as of December 31, 2018[88]. - The group’s total liabilities as of June 30, 2019, were HKD 108,792,000, compared to HKD 149,853,000 as of December 31, 2018[88]. Compliance and Reporting - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from January 1, 2019, with no significant impact on its financial statements[79]. - The group has not yet identified any significant impact from the newly issued Hong Kong Financial Reporting Standards[80]. - The company’s board approved the interim financial statements on August 14, 2019, ensuring compliance with regulatory requirements[177].
中国信息科技(08178) - 2018 - 年度财报
2019-04-01 08:44
( | (股份代號:8178) 年 7 B GEM的定位乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交所上市的公司帶有較高投資 風險。有意投資的人士應了解投資於該等公司的潛在風險,並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣之證券承受較大的市場波動 風險,同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及香港聯合交易所有限公司對本報告之內容概不負責,對其準確性或完整性亦 不發表任何聲明,並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何 損失承擔任何責任。 香港聯合交易所有限公司(「聯交所」)GEM(「GEM」)的特色 本報告的資料乃遵照聯交所GEM證券上市規則(「GEM上市規則」)之規定而刊載。中國信息科技發展有限公 司(「本公司」)的董事願就本報告的資料共同及個別地承擔全部責任。各董事經作出一切合理查詢後,確認 就彼等所知及所信,本報告所載資料在各重大方面均屬準確及完整,且無誤導或欺詐成份;及本報告並無 遺漏其他事項致使本報告任何聲明或本報告有所誤導。 本報告將刊載於本公 ...