Financial Performance - The company reported revenue of HKD 90,264,000 for the three-month period, a 16.43% increase from HKD 77,524,000 in the same period last year[3] - The gross profit margin for the company was 19.94%, attributed to a revenue mix skewed towards lower-margin hardware[3] - The net loss for the period narrowed significantly to HKD 5,169,000 from HKD 12,013,000 in the previous year[3] - The company’s operating loss was reported at HKD 5,998,000, a decrease from HKD 13,125,000 in the same period last year[3] - The basic and diluted loss per share for the period was HKD 0.73, improved from HKD 1.84 in the same period last year[3] - The gross profit margin for the three-month period was 19.94%, resulting in a gross profit of HKD 17,998,000[25] Contracts and Orders - The company secured a significant contract worth over HKD 4,000,000 for an AI-driven wireless network solution from an internet service provider in Shanghai[3] - New orders added during the period amounted to approximately HKD 68,000,000 despite business interruptions due to the pandemic[3] - The company secured new contracts worth approximately HKD 68,000,000 during the three-month period, despite the impact of the COVID-19 pandemic[19] - A new product, AI-driven wireless network solutions, was promoted, leading to a significant contract worth over HKD 4,000,000 from an internet service provider in Shanghai[22] Financial Position - As of March 31, 2020, the company maintained a strong capital structure with no external borrowings and cash and cash equivalents totaling HKD 121,445,000[3] - Cash and cash equivalents, along with financial instruments, totaled HKD 121,445,000 as of March 31, 2020, representing about 34.07% of total assets[26] - The company maintained a stable equity base of HKD 186,253,000 with no external borrowings[26] Shareholder Information - As of March 31, 2020, José Manuel dos Santos holds 357,945,500 shares, representing 58.26% of the company's issued share capital[28] - Keyman holds 22,112,500 shares, accounting for 3.60% of the company's issued share capital[29] - Major shareholders include ERL and OHHL, both holding 357,945,500 shares, which is 58.26% of the issued share capital[32] - The total number of shares held by directors and major shareholders indicates a strong concentration of ownership[32] Corporate Governance - The company operates under the GEM Listing Rules and complies with the Securities and Futures Ordinance[40] - No competitive business interests were reported among directors or individuals with significant voting rights[34] - The company has not purchased or sold any shares during the three-month period[35] - The company has no repurchased shares during the three-month period[35] Operational Performance - The company experienced a reduction in sales, marketing, and administrative expenses from HKD 25,282,000 in Q1 2019 to HKD 24,150,000 in the current period[25] - The company added HKD 35,000,000 in new projects in January 2020, reflecting strong momentum prior to the pandemic[19] - The operational performance of TTSA remained poor, with revenue around HKD 47,000,000, down from HKD 19,598,000 in the same period last year[23] Subsidiaries - The company has indirect subsidiaries in China, including TTS Software (Jiangxi) and TTS Software (Shanghai)[56] Management - José Manuel dos Santos serves as the chairman and executive director of the company[55]
爱达利网络(08033) - 2020 Q1 - 季度财报