Financial Performance - For the fiscal year 2019, Future Data Group Limited reported a net profit of HKD 4.0 million, marking the fourth consecutive year of profitability since its listing on the GEM in 2016[9]. - The group's revenue for the year was approximately HKD 646.5 million, an increase of HKD 41.3 million or 6.8% compared to the previous year, primarily driven by growth in the system integration and maintenance services segment, which accounted for 96.1% of total revenue[11]. - Gross profit for 2019 decreased by 9.7% to HKD 87.0 million, while other income rose from HKD 2.2 million to HKD 5.0 million[11]. - The company achieved a pre-tax profit of HKD 4.3 million, with a net profit after tax of HKD 4.0 million for the year[11]. - The company's net profit for the year was HKD 4.0 million, a decrease of 29.8% from HKD 5.8 million in 2018[20]. - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[55]. - The company reported a strong performance in 2019, with a total revenue of HKD 150 million, representing a year-on-year growth of 25%[67]. - The company provided a positive outlook for 2020, projecting a revenue growth of 20% to HKD 180 million, driven by new product launches and market expansion[67]. Revenue Sources - The company experienced a significant contribution from its Korean operations, accounting for 96.1% of total revenue, with HKD 621.5 million generated[17]. - The maintenance services segment generated approximately HKD 136.9 million in revenue, an increase of about HKD 18.1 million or 15.2% compared to the previous year[40]. - The cybersecurity services segment's revenue slightly increased by HKD 0.8 million or 3.2% to HKD 25.0 million, impacted by political unrest in 2019[40]. - For the year ended December 31, 2019, the company's revenue from system integration projects was approximately HKD 484.6 million, accounting for about 75.0% of total revenue, compared to 76.4% in 2018[113]. Assets and Liabilities - As of December 31, 2019, the group's net assets and total equity were approximately HKD 130.2 million, slightly lower than the previous year due to unfavorable currency exchange losses from the Korean won against the Hong Kong dollar[11]. - Total assets decreased from HKD 315.5 million to HKD 255.7 million, a decline of HKD 59.8 million, attributed to reductions in trade and other receivables and cash and cash equivalents[24]. - Current liabilities decreased from HKD 213.4 million to HKD 168.6 million, a reduction of approximately HKD 44.8 million, driven by a decrease in trade and other payables by HKD 64.8 million, partially offset by an increase in contract liabilities by HKD 24.9 million[24]. - Total equity as of December 31, 2019, was HKD 130,148,000, a decrease of 4.0% from HKD 135,686,000 in 2018[189]. Cash Flow - Total cash generated from operating activities was HKD 1,881,000, down 78.0% from HKD 8,556,000 in the previous year[26]. - The net cash outflow from investing activities was HKD 1,472,000, significantly reduced from HKD 12,254,000 in 2018[30]. - The net cash outflow from financing activities amounted to HKD 10,796,000, primarily due to dividend payments of HKD 5,880,000 and repayment of lease liabilities of HKD 1,941,000[31]. - Cash and cash equivalents stood at HKD 116.1 million, with a current ratio increasing from 63.8% in the previous year to 68.8%, indicating strong liquidity to settle current liabilities[24]. Contracts and Acquisitions - The company secured contracts worth HKD 34.4 million from the National IT Industry Promotion Agency in South Korea, HKD 19.2 million from the Ministry of National Defense for an integrated control system at an air force base, and HKD 10.5 million from Korea Expressway for upgrading ICT infrastructure[11]. - The company completed the acquisition of Maximus Group Consulting Limited in June 2019, enhancing its penetration in the cybersecurity market[18]. - The company signed a three-year contract with one of Hong Kong's largest brokerage firms to provide managed security services[16]. Research and Development - The company incurred research and development expenses of HKD 2,854,000, a decrease of 20.3% from HKD 3,580,000 in the prior year[30]. - Investment in R&D increased by 15%, totaling HKD 20 million, focusing on cybersecurity technologies and solutions[67]. Corporate Governance - The company has adopted a corporate governance framework in compliance with GEM listing rules, ensuring transparency and accountability[65]. - The board consists of seven members, including four executive directors and three independent non-executive directors, ensuring a balanced governance structure[68]. - The audit committee held four meetings during the year ended December 31, 2019, to review the company's external auditor's remuneration, employment terms, and independence[80]. - The company has established three committees: the audit committee, the remuneration committee, and the nomination committee, to oversee various aspects of corporate governance[78]. Market Expansion and Strategy - The company plans to explore business opportunities in Singapore and Vietnam markets in 2020[16]. - The group expects to adopt a cautious cost control strategy in response to economic uncertainties in 2020[43]. - The company is considering strategic acquisitions to bolster its portfolio, targeting companies with complementary technologies[55]. - Market expansion plans include entering F markets, with an expected increase in market share by G% over the next two years[55]. Risks and Challenges - The company faces significant risks from rapid technological changes and the emergence of new industry standards, which could render its services outdated and uncompetitive[111]. - The company’s success depends on its ability to adapt to rapidly changing technology and continuously improve employee knowledge to meet evolving market demands[111].

Financial Performance - For the nine months ended September 30, 2019, the group's unaudited revenue was HKD 403.8 million, an increase of approximately HKD 80.7 million or 25.0% compared to the same period in 2018[12]. - The unaudited loss after tax for the nine months ended September 30, 2019, was HKD 8.3 million, a decrease of approximately HKD 10.0 million or 593.2% compared to an unaudited profit of HKD 1.7 million for the same period in 2018[12]. - For the three months ended September 30, 2019, the unaudited revenue was HKD 171.0 million, compared to HKD 119.7 million for the same period in 2018[15]. - The gross profit for the nine months ended September 30, 2019, was HKD 48.9 million, down from HKD 58.5 million for the same period in 2018[15]. - The total comprehensive loss for the nine months ended September 30, 2019, was HKD 14.7 million, compared to a total comprehensive income of HKD 2.3 million for the same period in 2018[17]. - The basic and diluted loss per share for the nine months ended September 30, 2019, was HKD 1.96, compared to earnings of HKD 0.42 for the same period in 2018[15]. - The company reported a net loss of HKD 8.3 million for the nine months ended September 30, 2019, compared to a profit of HKD 1.7 million for the same period in 2018[15]. - The company recorded a foreign exchange loss of HKD 3.3 million for the three months ended September 30, 2019, compared to a gain of HKD 0.4 million for the same period in 2018[17]. - The company reported a loss before tax of HKD 8,816,000 for the nine months, compared to a profit of HKD 3,133,000 in the previous year[33]. - The company reported a loss attributable to owners of the company of HKD 7,826,000 for the nine months ended September 30, 2019, compared to a profit of HKD 1,679,000 in the same period of 2018[52]. Revenue Breakdown - Total revenue for the nine months ended September 30, 2019, was HKD 403,774,000, a 25% increase from HKD 323,060,000 in the same period of 2018[37]. - Revenue from system integration for the nine months was HKD 293,713,000, up 31% from HKD 223,835,000 in 2018[37]. - Revenue from maintenance services decreased slightly to HKD 92,996,000, compared to HKD 78,991,000 in the previous year[37]. - Revenue from cybersecurity services for the nine months was HKD 17,065,000, down 16% from HKD 20,234,000 in 2018[37]. - The geographical revenue breakdown shows that revenue from South Korea was HKD 386,709,000 for the nine months, significantly up from HKD 302,826,000 in 2018[34]. - Total revenue from the public sector for the nine months ended September 30, 2019, was HKD 156,791,000, compared to HKD 86,620,000 in 2018, representing an increase of 80.8%[41]. - The company’s total revenue from the private sector for the nine months ended September 30, 2019, was HKD 246,983,000, compared to HKD 236,440,000 in 2018, reflecting a growth of 4.0%[41]. Expenses and Costs - The company experienced a significant increase in sales and administrative expenses, totaling HKD 60.9 million for the nine months ended September 30, 2019, compared to HKD 55.4 million for the same period in 2018[15]. - The cost of goods sold for the three months ended September 30, 2019, was HKD 129,355,000, compared to HKD 81,734,000 in 2018, reflecting an increase of 58.2%[45]. - Employee costs for the nine months ended September 30, 2019, were HKD 64,240,000, up from HKD 58,692,000 in 2018, indicating an increase of 9.0%[45]. - Research and development costs for the nine months ended September 30, 2019, were HKD 2,506,000, compared to HKD 2,134,000 in 2018, marking an increase of 17.5%[45]. - Selling and administrative expenses increased by HKD 5.5 million or 10.0% to HKD 60.9 million, mainly due to a trade receivables impairment provision of HKD 7.0 million[63]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors, with the chairman possessing appropriate professional accounting qualifications[97]. - The company has adhered to the corporate governance code throughout the nine months ended September 30, 2019[95]. - The company is committed to enhancing shareholder value through robust corporate governance practices[95]. - The company has confirmed compliance with the securities trading code by all directors as of September 30, 2019[1]. Strategic Developments - The company operates in three business segments: system integration, maintenance services, and cybersecurity services[28]. - The company completed the acquisition of Maximus Group Consulting Limited and its subsidiary, enhancing its penetration in the cybersecurity services market[80]. - The company faced challenges in the business environment due to geopolitical protests in Hong Kong and trade tensions between the US and China, leading to strategic decisions to sacrifice some profits to maintain or increase market share[59]. - The number of new projects awarded during the period was 609, with 572 projects completed, leaving 84 projects ongoing as of September 30, 2019[70]. - The group aims to win more business during the challenging economic environment and is committed to enhancing employee skills through regular training[81]. Shareholder Information - The major shareholders, LiquidTech Limited, hold 262,917,327 shares, representing approximately 65.73% of the issued share capital[84]. - The major shareholders collectively control approximately 65.73% of the company's equity[1]. - The company has not granted any share options as of September 30, 2019[80]. - The company has not issued any options under the share option plan since its adoption[1]. - The company has not repurchased any shares listed on GEM during the nine months ended September 30, 2019[96].

2019年 中期報告 FUTUREDATA FUTURE DATA GROUP LIMITED (於開曼群島註冊成立的有限公司) 股份代號：8229 | --- | --- | --- | --- | |-------|----------------------------|-----------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

2019年 第一季 度業績報告 (Cash) FUTUREDATA FUTURE DATA GROUP LIMITED (於開曼群島註冊成立的有限公司) 股份代號：8229 | --- | --- | --- | --- | |-------|-----------------------|-----------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

2018 年 郭 ((下)) FUTUREDATA FUTURE DATA GROUP LIMITED (於開曼群島註冊成立的有限公司) 股份代號：8229 | --- | --- | --- | --- | |-------|----------------------------|---------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...