Financial Performance - For the three months ended February 28, 2023, the company's revenue was HKD 6,311,000, a decrease of 66.7% compared to HKD 18,920,000 for the same period in 2022[5] - The gross profit for the same period was HKD 4,433,000, down 65.1% from HKD 12,701,000 year-on-year[5] - Operating loss for the quarter was HKD 1,923,000, compared to an operating profit of HKD 4,598,000 in the previous year[5] - The company reported a net loss attributable to owners of HKD 2,234,000, compared to a profit of HKD 4,226,000 in the same quarter last year[5] - Basic loss per share was HKD 0.47, compared to earnings of HKD 0.89 per share in the prior year[5] - The unaudited net loss for the period was approximately HKD 2,234,000, compared to an unaudited profit of HKD 4,226,000 for the same period last year[17] Revenue Breakdown - Revenue from software licensing and related services was HKD 1,112,000, down 92.1% from HKD 14,094,000 year-on-year[11] - Revenue breakdown for the period included approximately HKD 1,112,000 (18%) from software licensing and related services, HKD 2,600,000 (41%) from maintenance services, and HKD 2,599,000 (41%) from fintech resource services[22] - Revenue from fintech resource services increased to HKD 2,599,000, up 40.4% from HKD 1,850,000 in the previous year[11] - The company generated approximately HKD 2,599,000 in revenue from its fintech resource services for the three months ending February 28, 2023, representing a 40% increase from approximately HKD 1,850,000 in the same period last year[30] Operating Expenses - Total administrative expenses decreased to HKD 2,313,000 from HKD 2,728,000 year-on-year, reflecting a reduction of 15.3%[5] - Operating expenses for the period were approximately HKD 4,330,000, a decrease of 47% compared to HKD 8,102,000 for the same period last year[22] - The company incurred a fair value loss on financial assets of HKD 2,047,000 during the quarter[12] - The company experienced a 95% increase in depreciation expenses for property, plant, and equipment, totaling approximately HKD 41,000 compared to HKD 21,000 for the same period last year[23] Strategic Focus - The company is focusing on enhancing its regulatory technology solutions, which are expected to continue growing in 2023[26] - The company aims to enhance its regulatory technology solutions, recognizing the market potential and increasing resource investment to provide tailored solutions for financial institutions[29] - The company plans to focus on developing new WealthTech solutions to support the technology needs of wealth and asset management clients, aiming to improve efficiency in automated portfolio construction and performance calculation[29] - The company anticipates that its efforts in developing new products and marketing will yield benefits in 2023, with a focus on operational efficiency and revenue growth[31] - The company has successfully expanded its client base, with regulatory technology solutions generating ongoing revenue, marking an important milestone in its development[31] - The company will continue to adapt its business strategies to optimize its portfolio and explore profitable business opportunities to maximize shareholder value and sustainable growth[32] - The company is committed to enhancing its product offerings and maintaining market competitiveness through reliable, flexible, and innovative business solutions[31] Shareholder Information - Maximizer International Limited holds 71.35% of the company's issued share capital with 339,499,095 ordinary shares[41] - The company issued convertible bonds amounting to HKD 29,699,876.20 with a conversion price of HKD 0.17 per share, potentially resulting in 174,705,154 new ordinary shares[45] - The company issued 123,529,400 convertible preferred shares with the same conversion price of HKD 0.17 per share, potentially resulting in 123,529,400 new ordinary shares[45] - DGM Trust Corporation, as trustee, holds 74.81% of the company's issued share capital through its ownership of Maximizer International Limited and Pacific East Limited[41] - The company has not recorded any short positions in its shares by other individuals or major shareholders[43] Audit and Compliance - The audit committee reviewed the unaudited performance for the three months ending February 28, 2023, and found it to be prepared in accordance with applicable accounting standards[47] - The audit committee held one meeting during the reporting period to review the company's reports and financial statements[46] - The company is currently evaluating the impact of new accounting standards but has not identified any significant effects on its financial performance[9] - The company did not make any provisions for impairment of trade receivables during the period[24] - The company did not recommend the payment of an interim dividend for the three months ended February 28, 2023[21] - No purchase, sale, or redemption of listed securities occurred during the three months ending February 28, 2023[48] - The company has no knowledge of any other interests that need to be recorded in the register according to the Securities and Futures Ordinance[44]
辰罡科技(08131) - 2023 Q1 - 季度财报