Revenue and Profit Performance - Revenue for the first quarter of 2023 was approximately HKD 169.9 million, a 381.6% increase compared to HKD 35.3 million in the same period in 2022[3] - Total revenue for Q1 2023 reached 169,873 thousand HKD, a significant increase from 35,272 thousand HKD in Q1 2022[11] - The company's revenue for Q1 2023 reached approximately HKD 169.9 million, a 381.6% increase compared to HKD 35.3 million in Q1 2022, driven by lottery-related business (HKD 53.2 million) and electronic payment services in Macau (HKD 116.7 million)[41] - Operating profit for the first quarter of 2023 was approximately HKD 15.5 million, compared to an operating loss of HKD 12.6 million in the same period in 2022[3] - Net profit for the first quarter of 2023 was approximately HKD 37.2 million, compared to a net loss of HKD 10.8 million in the same period in 2022[3] - Basic earnings per share for the first quarter of 2023 were 0.323 HK cents, compared to a loss of 0.10 HK cents in the same period in 2022[8] - Basic earnings per share for Q1 2023 were 36,889 thousand HKD, a turnaround from a loss of 11,130 thousand HKD in Q1 2022[13] - Operating profit for the quarter was HKD 15.5 million, compared to an operating loss of HKD 12.6 million in the same period last year, driven by increased revenue and other income[42] - Net profit for the quarter was HKD 37.2 million, compared to a net loss of HKD 10.8 million in the same period last year, largely due to increased financing income[42] Lottery Business - Lottery and related business contributed approximately HKD 53.2 million in revenue, up from HKD 31.8 million in the same period in 2022, driven by increased sales of lottery hardware[3] - Lottery hardware sales surged to 33,854 thousand HKD in Q1 2023, up from 15,735 thousand HKD in Q1 2022[11] - Lottery hardware sales revenue increased by HKD 18.1 million to HKD 53.2 million in Q1 2023, attributed to delayed deliveries due to COVID-19 outbreaks in late 2022[41] - In Q1 2023, the company's lottery sales revenue through retail outlets increased by approximately 48% YoY, driven by a 23% increase in the number of retail outlets and higher average sales per outlet[26] - The company operates dedicated lottery resource channels on Taobao and Alipay, providing services such as lottery results and retail outlet information, aiming to integrate online and offline resources[27] - The company continues to focus on R&D to expand and enhance its lottery hardware product range, maintaining its position as a leading supplier in China[25] - The company plans to expand its lottery distribution channels, explore domestic lower-tier markets, and enhance user experience through customized features on Taobao and Alipay's lottery resource channels[40] - The company is preparing for potential online lottery product distribution, leveraging partnerships with Alibaba Group and Ant Group[28] Electronic Payment Services - Electronic payment services in Macau contributed approximately HKD 116.7 million in revenue, a significant increase from HKD 3.5 million in the same period in 2022, due to the full consolidation of Macau Pass and increased tourist numbers[3] - Electronic payment services revenue soared to 109,471 thousand HKD in Q1 2023, compared to 3,355 thousand HKD in Q1 2022[11] - Electronic payment service revenue surged by HKD 113.2 million to HKD 116.7 million in Q1 2023, primarily due to the full consolidation of Macau Pass's revenue and increased tourist arrivals in Macau[41] - The company's indirect wholly-owned subsidiary, Macau Pass, operates the MPay e-wallet[78] - MPay, the company's e-wallet service, has a registered user base exceeding 90% of Macau's total resident population[31] - MPay has partnered with Alipay+ to enable cross-border payments, allowing Macau residents to use MOP for purchases on Taobao (Macau)[31] - The company provides comprehensive payment terminal and acquiring services, enabling merchants to accept various payment methods, including Alipay and WeChat Pay[32] - The company is committed to supporting Macau's economic recovery by collaborating with the government on initiatives like the "Electronic Consumption Benefit Plan" and facilitating digital transformation for local merchants[39] - Over 90% of Macau merchants have upgraded to the "Easy Pay" system, a government initiative to promote electronic payments, contributing to the growth of Macau's digital payment market[22] - The cumulative issuance of Macau Pass cards has exceeded 4.5 million, covering various payment scenarios including public transportation, retail, and government services[30] Financial Metrics and Expenses - Net financing income increased to HKD 22.7 million, up from HKD 3.4 million in the same period in 2022[3] - Depreciation and amortization expenses increased to HKD 17.2 million, up from HKD 4.9 million in the same period in 2022[3] - Other income increased to HKD 5.0 million, up from HKD 1.2 million in the same period in 2022[6] - Other operating expenses increased by HKD 72.4 million to HKD 92.7 million, primarily due to the inclusion of Macau Pass Group's expenses, including service fees of HKD 39.9 million and marketing expenses of HKD 21.2 million[42] - Employee benefits expenses increased by HKD 20.2 million to HKD 40.7 million, mainly due to the inclusion of Macau Pass Group's employee benefits after the acquisition[42] - The net proceeds from the subscription amounted to approximately HKD 2.38 billion, with HKD 36.8 million used for lottery distribution and general corporate purposes during the quarter[43] - As of March 31, 2023, the remaining net proceeds of HKD 4.1 million were held in the company's bank account[43] - The company expects to utilize the remaining funds allocated to lottery distribution by December 31, 2023[45] Shareholder and Ownership Structure - Sun Hao, the Chairman and CEO, holds approximately 17.584% of the company's shares, including 2,006,250,000 shares held under Maxprofit Global Inc[51][52] - Ali Fortune holds 6,502,723,993 shares, representing 55.71% of the company's total issued share capital[61] - Maxprofit Global Inc holds 2,006,250,000 shares, representing 17.19% of the company's total issued share capital[62] - Rainwood Resources Limited holds 584,515,224 shares, representing 5.01% of the company's total issued share capital[62] - Li Jie holds 22,312,086 shares in Alibaba Pictures Group, representing 0.08% of its total issued share capital[57] - Liu Zheng holds 5,460,000 Class A shares and 6,200,000 Class B shares in Cainiao Smart Logistics Network, representing 1.14% and 3.59% of the respective share classes[58] - Alibaba Investment Limited and API Holdings Limited each hold 60% and 40% of Ali Fortune's issued share capital respectively[63] - Alibaba Holdings holds 100% of the issued share capital of AIL[64] - API (Hong Kong) Investment Limited holds 100% of the issued share capital of API Holdings[64] - Shanghai Yunju Venture Capital Investment Co., Ltd. holds 100% of the issued share capital of API (Hong Kong) Investment Limited[64] - Ant Group holds 100% equity in Shanghai Yunju[64] - Junhan and Junao hold approximately 31.04% and 22.42% equity in Ant Group, respectively, totaling approximately 53.46%[64] - AIL, Alibaba Holdings, API Holdings, API (Hong Kong) Investment Limited, Shanghai Yunju, Ant Group, Junhan, Junao, Yunbo, Jack Ma, Eric Jing, Jiang Fang, and Hu Xiaoming are deemed to have interests in a total of 6,502,723,993 shares[65] - Sun Hao is deemed to have interests in 2,006,250,000 shares through his equity in Maxprofit Global Inc[65] - Zhang Liqun's equity in Rainwood Resources Limited decreased from 100% to 52%, and he is deemed to have interests in 584,515,224 shares[65] - Ant Bank, a joint venture company, is 66.7% owned by two indirect wholly-owned subsidiaries of Ant Group and 33.3% owned by an associate company indirectly owned by the company[68] Strategic Initiatives and Expansion - The company aims to expand its electronic payment, lottery, mobile gaming, and entertainment content services globally, leveraging its expertise as the exclusive lottery platform for Alibaba Group and Ant Group[19] - The company plans to extend its hardware product range beyond lottery to non-lottery retail hardware, while optimizing POS technology for merchants in Macau[20] - The company plans to globalize its business by seeking overseas opportunities, launching proprietary systems, and forming strategic partnerships in Asia[20] - The company will continue to invest in improving its technical infrastructure and explore opportunities in the hardware sector, leveraging its expertise in lottery hardware for retail markets[40] - The company will explore strategic partnerships with Alibaba Group to expand e-commerce and digital media entertainment, aiming to create diversified commercial scenarios and enhance Macau's electronic payment ecosystem[39] - The company collaborated with Alibaba Group and Alibaba Pictures to organize cultural and entertainment events in Macau, aiming to enhance the local entertainment market[34] - The company launched the "Macau Consumption Rewards" campaign, offering discounts and incentives through Alipay+ to attract tourists and boost local businesses[33] - The company is expanding its hardware business into retail smart hardware, leveraging its existing R&D capabilities[35] Market and Industry Trends - Macau's mobile payment transactions grew by 37.8% YoY to 266 million transactions in 2022, with total transaction value increasing by 39.6% YoY to MOP 25.86 billion[22] - China's lottery sales in January and February 2023 reached RMB 75 billion, a 40.8% YoY increase, with sports lottery sales growing by 69.2% YoY to RMB 50.6 billion[23] - Macau's inbound tourists in March 2023 reached 1.96 million, a 271.4% YoY increase, with Q1 2023 total visitors exceeding 4.96 million, up 1.6x YoY[21] - The Macau government's third-round "Electronic Consumption Benefit Plan" provided eligible residents with MOP 5,000 in initial funds and MOP 3,000 in discount subsidies, boosting local demand[30] Share Awards and Corporate Governance - 23 employees were granted 11,300,000 shares under the share award plan, with 600,000 shares vested and 8,950,000 shares forfeited during the quarter[74] - The total number of shares granted under the share award plan cannot exceed 6% of the total issued shares (630,852,526 shares) without shareholder approval[74] - The trustee purchased 5,208,000 shares on the stock exchange during the quarter[74] - The maximum number of new shares that can be issued under the share award plan is 3% of the total issued shares (315,426,263 shares)[74] - The total issued shares as of the adoption date were 10,514,208,770 shares[74] - The company did not purchase, sell, or redeem any of its listed securities during the quarter[74] - Ali Fortune subscribed to 4,817,399,245 new shares and convertible bonds with a total principal amount of HKD 712,582,483, completed on August 10, 2016[79] - The company's shares are listed on the GEM of the Hong Kong Stock Exchange[76] Joint Ventures and Subsidiaries - The company completed the acquisition of Macau Pass in March 2022, making it an indirect wholly-owned subsidiary[69] - The company holds a 30% interest in Ant Bank (Macau) through an associate company[76] - Ant Bank in Macau, a joint venture with 66.7% ownership by Ant Group's subsidiaries and 33.3% by the company's affiliate, officially launched its operations in April 2019, offering mobile payment services, deposits, loans, and remittance services to Macau residents and SMEs[38] - Ant Bank introduced Alipay (Macau) e-wallet payment services in September 2019, providing contactless online financial services to Macau residents and SMEs, leveraging Ant Group's expertise in comprehensive financial services[38] - The company's joint venture, Paytm First Games, saw a 40% revenue increase in 2022 compared to 2021, driven by growth in India's mobile gaming market[37]
亚博科技控股(08279) - 2023 Q1 - 季度财报