量子思维(08050) - 2024 - 年度业绩

Financial Summary This section summarizes the company's financial performance, position, and equity movements, highlighting the swing to profit and changes in asset and liability structures Consolidated Statement of Profit or Loss and Other Comprehensive Income During the reporting period, the Group swung to profit, primarily due to a one-off gain from the disposal of a subsidiary, resulting in a profit attributable to owners of the company of HK$6,604 thousand compared to a loss of HK$10,108 thousand in the prior year Consolidated Statement of Profit or Loss Key Indicators (For the Year Ended March 31) | Indicator | 2024 (Thousand HKD) | 2023 (Thousand HKD) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 16,152 | 18,290 | -11.7% | | Gross Profit | 761 | 1,820 | -58.2% | | Gain on Disposal of a Subsidiary | 19,286 | – | N/A | | Profit/(Loss) Before Tax | 5,898 | (16,840) | Swung to Profit | | Profit/(Loss) for the Year | 5,898 | (16,840) | Swung to Profit | | Profit/(Loss) Attributable to Owners of the Company | 6,604 | (10,108) | Swung to Profit | | Basic Earnings/(Loss) Per Share (HK cents) | 0.49 | (0.75) | Swung to Profit | Consolidated Statement of Financial Position As of March 31, 2024, the Group's total assets significantly decreased to HK$15,721 thousand, while total liabilities also substantially declined to HK$17,402 thousand, primarily due to a large base of liabilities classified as assets held for sale in the prior period Consolidated Statement of Financial Position Summary (As of March 31) | Indicator | 2024 (Thousand HKD) | 2023 (Thousand HKD) | | :--- | :--- | :--- | | Assets | | | | Total Current Assets | 14,752 | 32,656 | | Total Non-current Assets | 969 | 1,977 | | Total Assets | 15,721 | 34,633 | | Liabilities and Equity | | | | Total Current Liabilities | 17,402 | 47,195 | | Non-current Liabilities | – | 811 | | Total Liabilities | 17,402 | 48,006 | | Equity Attributable to Owners of the Company | 11,924 | 246 | | Capital Deficit (Net Liabilities) | (1,681) | (13,373) | - The Group's net current liabilities narrowed from HK$14,539 thousand in the prior year to HK$2,650 thousand[9] Consolidated Statement of Changes in Equity During the reporting period, equity attributable to owners of the company significantly increased from HK$246 thousand at the beginning of the year to HK$11,924 thousand at year-end, driven by the profit for the year and reclassification of accumulated translation reserve Changes in Equity Attributable to Owners of the Company | Item | Amount (Thousand HKD) | | :--- | :--- | | As of April 1, 2023 | 246 | | Total Comprehensive Income for the Year | 7,066 | | Disposal of a Subsidiary | 4,612 | | As of March 31, 2024 | 11,924 | Notes to the Consolidated Financial Statements This section provides detailed notes on the company's general information, basis of presentation, revenue segmentation, and the significant gain from the disposal of a subsidiary General Information & Basis of Presentation The company is an investment holding company primarily engaged in system development, technology consulting, hardware sales, and SMS service charges, with financial statements prepared on a going concern basis despite net liabilities - The Group's principal activities include system development services, technology consulting, hardware sales, and SMS service charges[14] - Despite recording net liabilities of approximately HK$1.681 million, the financial statements are prepared on a going concern basis, supported by active cost control, new business initiatives (children's smartwatches), and financial support commitments from major shareholders[15] Revenue and Segment Information During the reporting period, the Group's total revenue was HK$16,152 thousand, a 11.7% year-on-year decrease, with the newly added "SMS Service Charges" becoming the primary revenue source, contributing nearly 70% of total revenue Revenue by Business Segment (Thousand HKD) | Business Segment | 2024 | 2023 | | :--- | :--- | :--- | | Services (System Development and Consulting) | 3,976 | 15,412 | | Sales of Hardware | 929 | 2,878 | | SMS Service Charges | 11,247 | – | | Total | 16,152 | 18,290 | - The SMS service charges business commenced operations during the reporting period and became a core business[20] - Revenue from customer Company A (Services segment) and Company B (SMS Services segment) accounted for an extremely high proportion of total revenue, contributing HK$3,976 thousand and HK$11,047 thousand respectively[29] Disposal of a Subsidiary On September 19, 2023, the Group disposed of its entire equity interest in Guangzhou Yunbo Information Technology Co., Ltd., an indirectly owned subsidiary, for a nominal consideration of HK$1, generating a gain of HK$19,286 thousand, which was a key factor in the Group's profitability for the year - The Group disposed of its entire equity interest in Guangzhou Yunbo, a subsidiary, for a cash consideration of RMB1 on September 19, 2023[46] Gain on Disposal of a Subsidiary Calculation (Thousand HKD) | Item | Amount | | :--- | :--- | | Net Liabilities Disposed Of | 23,898 | | Reclassification of Accumulated Translation Reserve | (4,612) | | Gain on Disposal | 19,286 | Management Discussion and Analysis This section discusses the company's strategic business transformation, future outlook, financial resources, performance highlights, and human capital management Business Review To adapt to the volatile market, the Group has shifted its business focus from information technology system development to system operation, with the newly added enterprise SMS service business rapidly growing to account for approximately 70% of total revenue - The business focus has shifted from IT system development to system operation, with enterprise SMS services becoming core, accounting for approximately 70% of total revenue[52] - The Group is preparing to launch a front-end business selling children's smartwatches, which will be bundled with services from major telecom operators, with initial distribution commencing in Beijing in May 2024[54] - Back-end businesses continue to provide information verification, unified digital authentication system construction, and other services for clients in industries such as securities, finance, and transportation infrastructure[56][57][58] Prospects Looking ahead, given macroeconomic uncertainties, the Group will continue its transformation from development to operation, planning to increase investment in SMS services and expand into other value-added services while promoting children's smartwatches and maintaining back-end operations - Plans to increase investment in the SMS service business in the second half of 2024 and consider expanding into marketing-related voice SMS services[72] - The children's smartwatch business launched in May 2024, with marketing activities planned for schools in the second half of the year[73] - The Group will adhere to a strategy of simultaneously developing front-end (smartwatches) and back-end (IT solutions) businesses to achieve business diversification and sustainable development[73] Liquidity, Financial Resources and Capital Structure The Group's funding primarily originates from a 2013 share subscription, with approximately HK$2,794 thousand remaining unused as of March 31, 2024, expected to be fully utilized for general working capital by March 31, 2025 - As of March 31, 2024, approximately HK$2.794 million of net proceeds from the 2013 subscription remained unutilized[80] - The remaining unutilized funds are expected to be fully used for general working capital by March 31, 2025[80] Financial Review During the reporting period, the Group's revenue decreased by 11.69% year-on-year to HK$16,152 thousand, but it successfully swung to profit, recording a profit attributable to owners of the company of HK$6,604 thousand Financial Indicators Overview | Indicator | Value | | :--- | :--- | | Revenue | 16,152 Thousand HKD (-11.69% YoY) | | Profit Attributable to Owners | 6,604 Thousand HKD (Loss of 10,108 Thousand HKD in prior year) | | Current Ratio | 0.85 (1.49 in prior year) | | Debt-to-Equity Ratio | Zero | - The business revenue structure underwent a significant transformation, with the newly added SMS service segment becoming the primary revenue source[83] Employees and Remuneration Policy As of March 31, 2024, the Group employed 24 individuals (including 6 directors), a decrease from 29 in the prior year, with total employee remuneration for the reporting period approximately HK$5,883 thousand Employee and Remuneration Overview | Indicator | March 31, 2024 | March 31, 2023 | | :--- | :--- | :--- | | Number of Employees (incl. Directors) | 24 | 29 | | Total Remuneration (Thousand HKD) | 5,883 | 7,175 | Material Investments To enhance the efficiency of idle funds, the Group invested in short-term wealth management products from several large banks; as of the end of the reporting period, most products were redeemed, with only one remaining with a fair value of HK$52 thousand - The Group invested idle funds in short-term wealth management products from several banks to achieve returns higher than fixed deposits[91] Wealth Management Product Investment Status (Thousand HKD) | Item | Amount (Approx.) | | :--- | :--- | | Total Investment Cost | 8,215 | | Redeemed During the Year | (7,814) | | Fair Value at Year-End | 52 | | Dividend Income During the Year | 65 | Corporate Governance and Other Information This section details the company's adherence to corporate governance practices, audit committee oversight, and the auditor's report, including going concern considerations Corporate Governance Practices The company complied with the GEM Listing Rules' Corporate Governance Code during the reporting period, with two deviations: no liability insurance for directors and no separation of Chairman and Chief Executive roles - Deviation from Code Provision C.1.8: No liability insurance purchased for directors, as the company believes the likelihood of litigation is extremely low[95] - Deviation from Code Provision C.2.1: Chairman and Chief Executive roles are not separated, with the company explaining that the executive director team jointly focuses on business development and no suitable candidate has been appointed yet[96] Audit Committee and Auditor's Report The Audit Committee, comprising three independent non-executive directors, reviewed the financial statements and risk management and internal control systems for the reporting period, deeming them effective, while the independent auditor issued an unmodified opinion with an emphasis on material uncertainty related to going concern - The Audit Committee has reviewed the annual results and considers the Group's internal control and risk management mechanisms to be operating effectively[99] - The independent auditor issued an unmodified opinion, but included an "Emphasis of Matter regarding Material Uncertainty Related to Going Concern"[101][103] - The auditor noted that the Group's net liabilities of approximately HK$1,681,000 at year-end indicate a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern[103]