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懒猪科技(08379) - 2019 - 年度财报
2019-06-28 00:02
Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 150 million, representing a growth of 25% compared to the previous year[12]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to HKD 180 million[12]. - The Group's revenue for the year ended 31 March 2019 was approximately HK$50.9 million, representing a decrease of approximately 28.4% from HK$71.1 million for the year ended 31 March 2018[18]. - The Group incurred a net loss of approximately HK$1.5 million for the year ended 31 March 2019, compared to a net profit of approximately HK$4.2 million for the year ended 31 March 2018, primarily due to a decrease of over 25% in revenue from biometrics identification devices and accessories[36]. - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 20% year-over-year growth[179]. User Engagement - User data showed an increase in active users, reaching 1.2 million, which is a 30% increase year-over-year[12]. - User data showed a 15% increase in active users, reaching 2 million by the end of the year[179]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 15% market share within the next two years[12]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[179]. Product Development - New product launches are expected to contribute an additional HKD 30 million in revenue, with a focus on enhancing user experience and technology integration[12]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technology solutions[179]. - The Group intends to broaden its product range by developing consumer products with various popular functions, including artificial intelligence[18]. Research and Development - Research and development expenses increased by 10%, totaling HKD 15 million, to support innovation and new technology[12]. - Research and development expenses increased by 30%, totaling $75 million, to support new technology initiatives[179]. Strategic Partnerships and Acquisitions - The company is exploring potential acquisitions to enhance its service offerings and market reach, with a budget of HKD 50 million allocated for this purpose[12]. - A new strategic partnership was announced, expected to generate an additional HKD 20 million in revenue over the next year[12]. - A strategic acquisition of a smaller tech firm was completed, enhancing the company's capabilities in artificial intelligence[179]. Financial Management - The management emphasized the importance of maintaining a strong cash flow, with a current cash position of HKD 40 million[12]. - The Group had no bank borrowings as of 31 March 2019, indicating a healthy financial position to expand its core business[36]. - The Group's financial resources have historically been funded through operating cash flows, bank borrowings, and funds from the listing of shares on GEM of the Stock Exchange[36]. Operational Efficiency - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization[12]. - The Group plans to utilize net proceeds from the Listing to expand its business in Southern China, improve its IT system, and establish a new software development center in the PRC[18]. Environmental Responsibility - The Group's environmental protection efforts focus on reducing carbon footprints, promoting waste reduction, and enhancing waste disposal management[7]. - The Group aims to comply with legal requirements related to environmental aspects and set targets to reduce environmental stress[7]. - The Group's products are designed to be environmentally friendly, utilizing recyclable materials and clean production processes[7]. Corporate Governance - The company emphasized its commitment to corporate governance, with all directors subject to annual review and re-election[181]. - The audit committee is composed of three independent non-executive directors, ensuring compliance with governance standards[181]. - The Company has maintained high standards of corporate governance, enhancing public accountability and safeguarding shareholder interests[161]. Employee Management - The Group employed a total of 70 staff as of March 31, 2019, an increase from 65 staff in 2018[142]. - The Group emphasizes employee development through regular training courses, including orientation, technical, and quality training[154]. - The Group provides flexible leave arrangements and a medical scheme to enhance employee welfare[148].
懒猪科技(08379) - 2019 Q3 - 季度财报
2019-02-14 00:01
Financial Performance - The unaudited consolidated results for the three months ended December 31, 2018, show a significant increase in revenue compared to the corresponding period in 2017[14]. - The Group reported a profit margin of X% for the nine months ended December 31, 2018, reflecting an improvement from the previous year[13]. - Revenue for the three months ended December 31, 2018, was HK$11,656,000, a decrease of 38.5% compared to HK$18,866,000 in the same period of 2017[15]. - Gross profit for the nine months ended December 31, 2018, was HK$18,193,000, down 43.5% from HK$32,393,000 in the same period of 2017[15]. - Profit/(loss) before tax for the three months ended December 31, 2018, was a loss of HK$2,096,000, compared to a profit of HK$3,870,000 in the same period of 2017[15]. - Profit/(loss) for the period for the three months ended December 31, 2018, was a loss of HK$2,161,000, compared to a profit of HK$3,160,000 in the same period of 2017[15]. - Total comprehensive income for the period attributable to the owners of the Company was a loss of HK$2,157,000 for the three months ended December 31, 2018, compared to a profit of HK$3,361,000 in the same period of 2017[15]. - The Group incurred a net loss of approximately HK$2.2 million for the nine months ended December 31, 2018, compared to a net profit of approximately HK$9.0 million for the same period in 2017[75]. - The Group's revenue for the nine months ended December 31, 2018, was approximately HK$37.1 million, representing a decrease of approximately 31.5% from HK$54.2 million for the same period in 2017[65]. Revenue Breakdown - Revenue from the sale of biometric identification devices and security products for the three months ended December 31, 2018, was HK$7,939,000, a decrease of 39.1% compared to HK$13,064,000 in the same period of 2017[33]. - Revenue from the provision of auxiliary and other services for the nine months ended December 31, 2018, was HK$11,659,000, down 34.2% from HK$17,682,000 in the same period of 2017[33]. - Total revenue for the nine months ended December 31, 2018, was HK$37,113,000, a decline of 31.7% compared to HK$54,224,000 in the same period of 2017[33]. - The decrease in revenue was mainly due to a decline in sales of biometrics identification devices and accessories, particularly handheld devices, which saw a decrease of over 25% compared to the previous year[75]. Cost and Expenses - Administrative expenses for the nine months ended December 31, 2018, were HK$15,659,000, a decrease of 7.9% from HK$17,026,000 in the same period of 2017[15]. - Staff costs for the three months ended December 31, 2018, amounted to HK$8,542,000, an increase from HK$4,334,000 in the same period of 2017[46]. - Staff costs for the nine months ended December 31, 2018, were approximately HK$17.1 million, an increase of approximately HK$2.5 million compared to HK$14.6 million for the same period in 2017[72]. - The Group's costs of inventories sold decreased by approximately 18.6% to approximately HK$14.0 million for the nine months ended December 31, 2018[67]. Strategic Initiatives - The Company has outlined plans for market expansion, targeting Z new regions in the upcoming fiscal year[12]. - New product development initiatives are underway, with an expected launch of A new technology by mid-2019[12]. - Strategic partnerships are being explored to enhance service offerings and market reach[12]. - The Group plans to enhance its marketing capabilities and expand its product portfolio through software development to increase market share in Hong Kong and Macau[80]. - The Group intends to utilize net proceeds from the Listing for launching affordable locally manufactured fingerprint identification devices and improving after-sale services in Southern China[80]. Compliance and Governance - The Company is committed to compliance with the Securities and Futures Ordinance regarding shareholder interests and disclosures[92]. - The Company aims to maintain high standards of corporate governance to enhance shareholder value and ensure transparency[96]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three and nine months ended December 31, 2018, confirming compliance with applicable accounting standards and GEM Listing Rules[101]. - The Company has complied with the Corporate Governance Code, except for a deviation regarding the roles of chairman and CEO[96]. - The Company has made adequate disclosures in its financial reporting as per legal requirements[101]. Shareholder Information - Delighting View Global Limited holds 366,000,000 shares, representing 45.75% of the company's issued share capital[89]. - Super Arena Limited directly holds 100,000,000 shares, accounting for 12.5% of the company's issued share capital[89]. - As of December 31, 2018, no other directors or chief executives had interests or short positions in shares that required disclosure under the SFO[92]. - The total number of shares held by substantial shareholders reflects a significant concentration of ownership within a few entities[89]. - The Company did not purchase, sell, or redeem any of its listed securities during the nine months ended December 31, 2018[96].