Revenue Performance - For the nine months ended September 30, 2019, the group's revenue was HKD 53.5 million, an increase of approximately 31.4% compared to HKD 40.7 million for the same period in 2018[6]. - Revenue from electronic gaming equipment sales and distribution increased from HKD 32.1 million to approximately HKD 43.7 million, representing a 35.8% increase[6]. - Revenue from spare parts sales rose from HKD 2.4 million to approximately HKD 4.5 million, marking an 85% increase[6]. - The company's revenue increased by approximately 31.4% from about HKD 40.7 million in the same period last year to about HKD 53.5 million this period[28]. - Revenue from technical sales and distribution of electronic gaming equipment rose by 35.8% to HKD 43,655,218 compared to HKD 32,149,821 in the previous year[29]. - Revenue from spare parts sales surged by 85% to HKD 4,495,735 from HKD 2,430,300 year-on-year[29]. - For the nine months ended September 30, 2019, total revenue was HKD 53,488,632, an increase from HKD 40,721,332 for the same period in 2018, representing a growth of approximately 31.2%[32][33]. Financial Losses and Expenses - The group recorded a total comprehensive loss of approximately HKD 2.7 million for the period, compared to a loss of approximately HKD 1.6 million in the same period last year, an increase of 62.5%[6]. - Operating expenses increased from approximately HKD 15.8 million to about HKD 24.1 million, reflecting a rise of 52.7%[6]. - Basic loss per share for the period was HKD 0.003, compared to HKD 0.002 for the same period in 2018[7]. - The company reported a net loss attributable to shareholders of HKD 2,657,454 for the period, compared to a loss of HKD 1,625,535 in the previous year[21]. - The company recorded an unaudited loss attributable to shareholders of approximately HKD 2,600,000 for the period, which increased due to higher operating expenses[37][38]. - Total employee costs increased to HKD 12,297,098 from HKD 9,582,595 year-on-year[20]. - Operating expenses increased by approximately 52.7% to HKD 24,100,000 from HKD 15,800,000 in the same period last year, primarily due to increased director remuneration and other employee costs[35][38]. - Director remuneration rose by 133.5% to HKD 4,478,311 compared to HKD 1,918,311 in the previous year, while other employee costs increased by 2.0% to HKD 7,818,787[36]. Dividends and Shareholder Information - The board of directors decided not to declare any dividends for the period, consistent with the previous year[6]. - The company did not declare any dividends for the period, consistent with the previous year[22]. - As of September 30, 2019, the controlling shareholders, including Mr. Xu, Mr. Wu, and Mr. Chen, collectively own 725,100,000 shares, representing 72.51% of the issued shares[60]. - APE HAT Holdings Limited, the direct shareholder, holds 72.51% of the company, with Mr. Xu and Mr. Wu each having a beneficial ownership of 39.68% and Mr. Chen holding 20.64%[64]. Current Assets and Financing - As of September 30, 2019, the net current assets were approximately HKD 61,800,000, up from HKD 59,600,000 as of December 31, 2018[44]. - The company has a bank credit facility of HKD 10,000,000 to facilitate trade financing as of September 30, 2019[44]. - The net proceeds from the listing, after deducting underwriting fees and other expenses, amounted to approximately HKD 40,000,000, with unutilized net proceeds of HKD 2,660,000 as of September 30, 2019[39][41]. - The company generated financing lease interest income of HKD 1,570,838 during the period[18]. Compliance and Governance - The company has complied with all applicable provisions of the Corporate Governance Code during the period[66]. - The Audit Committee consists of three independent non-executive directors, with Mr. Cai Guowei serving as the chairman[72]. - The Audit Committee has reviewed the unaudited consolidated financial statements and believes they comply with applicable accounting standards and legal requirements[72]. - The company is committed to providing sufficient disclosures in its financial reporting process[72]. - There were no significant matters requiring disclosure that occurred after the reporting period up to the date of this report[69]. Foreign Exchange and Other Losses - The group recorded a net foreign exchange loss of HKD 57,160 during the period, compared to a loss of HKD 251,766 in the same period last year, attributed to fluctuations in the USD to EUR exchange rate affecting Euro-denominated liabilities[55]. Sales and Procurement Expectations - The company sold a total of 202 electronic gaming devices during the period, up from 197 devices in the same period last year[25]. - Management expects approximately 80 new direct procurement orders in the fourth quarter[25].
亚洲先锋娱乐(08400) - 2019 Q3 - 季度财报