电子交易集团(08036) - 2021 Q1 - 季度财报

Financial Statements This section presents the company's financial performance and position, including comprehensive income and changes in equity for the period Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For the three months ended March 31, 2021, the Group reported revenue of approximately HKD 10,682 thousand, reflecting an 11.0% year-on-year growth, with a significant increase in profit attributable to owners and basic earnings per share Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Unaudited) | Metric | For the Three Months Ended March 31 (Unaudited) | | | :--- | :--- | :--- | | | 2021 (HKD Thousand) | 2020 (HKD Thousand) | | Revenue | 10,682 | 9,627 | | Operating profit | 905 | 81 | | Profit before tax | 903 | 30 | | Profit for the period attributable to owners of the Company | 869 | 23 | | Total comprehensive income for the period attributable to owners of the Company | 860 | 16 | | Basic earnings per share (HK Cents) | 0.08 | 0.002 | Condensed Consolidated Statement of Changes in Equity As of March 31, 2021, total equity attributable to owners increased from the beginning of the year, primarily driven by profit for the period and share award scheme related accounting adjustments - As of March 31, 2021, total equity attributable to owners amounted to HKD 58.07 million[13] - Total equity increased from HKD 56.958 million at the beginning of the year to HKD 58.07 million at period-end, primarily contributed by total comprehensive income of HKD 860 thousand and an increase in share-based payment reserve of HKD 252 thousand[13] Notes to Condensed Consolidated Financial Statements This section provides detailed notes to the condensed consolidated financial statements, including revenue analysis, segment information, dividends, and earnings per share Revenue Analysis Total revenue for the quarter was HKD 10,682 thousand, an 11.0% year-on-year increase, primarily driven by a significant 141.1% rise in installation and customization service income, with Hong Kong contributing the majority of revenue Revenue by Service Line | Revenue Source (by Service Line) | For the Three Months Ended March 31 (Unaudited) | | | :--- | :--- | :--- | | | 2021 (HKD Thousand) | 2020 (HKD Thousand) | | Front-end trading solutions service income | 5,092 | 5,310 | | Back-end settlement solutions service income | 2,477 | 2,495 | | Installation and customization service income | 1,473 | 611 | | Managed cloud services income | 855 | 877 | | Others | 785 | 334 | | Total | 10,682 | 9,627 | Revenue by Geographical Region | Revenue Source (by Region) | For the Three Months Ended March 31 (Unaudited) | | | :--- | :--- | :--- | | | 2021 (HKD Thousand) | 2020 (HKD Thousand) | | Hong Kong | 10,389 | 9,376 | | Macau | 293 | 251 | | Total | 10,682 | 9,627 | - No single customer contributed more than 10% of the Group's total revenue during the period[33] Segment Information The Group operates as a single business segment, providing contractual trading solutions and electronic trading system development services, with management assessing performance based on overall Group operating results - The Group has only one reportable segment, which is providing services to customers, and no separate segment analysis is presented due to integrated resource allocation and lack of independent financial data[32] Dividends The Board did not recommend the payment of any dividends for the three months ended March 31, 2021 - The Directors did not recommend the payment of dividends for the three months ended March 31, 2021[40] Earnings Per Share For the three months ended March 31, 2021, basic earnings per share significantly increased to 0.08 HK cents from 0.002 HK cents in the prior year, with no diluted earnings per share calculated due to the absence of potential dilutive ordinary shares Earnings Per Share Calculation | Metric | For the Three Months Ended March 31 (Unaudited) | | | :--- | :--- | :--- | | | 2021 | 2020 | | Profit attributable to owners of the Company (HKD Thousand) | 869 | 23 | | Weighted average number of ordinary shares (Thousand Shares) | 1,117,700 | 1,110,000 | | Basic earnings per share (HK Cents) | 0.08 | 0.002 | Management Discussion and Analysis This section provides an overview of the Group's business performance, financial results, and future strategies, including the use of listing proceeds and details of the share award scheme Business Review and Outlook The Group's core business is providing financial software solutions to Hong Kong financial institutions, with this quarter seeing an 11.0% revenue growth to HKD 10.7 million and a significant increase in profit attributable to owners, while future strategies focus on expanding wealth management solutions, improving user applications, and extending managed cloud services - This quarter's turnover was approximately HKD 10.7 million, an 11.0% year-on-year increase, with profit attributable to owners significantly rising by approximately HKD 0.8 million to HKD 0.9 million[45] - Profit growth was primarily driven by: (i) an increase of approximately HKD 0.9 million in non-recurring installation and customization service income; and (ii) a reduction of approximately HKD 0.3 million in staff costs[45] - Future strategic priorities include: (i) expanding the wealth management solutions client base; (ii) improving user trading applications; and (iii) extending managed cloud services to local brokerage firms[46] Financial Review This quarter's strong financial performance saw profit before tax reach HKD 903 thousand, an increase of approximately HKD 873 thousand year-on-year, driven by significantly higher installation and customization service income and effective staff cost control, despite a 13.8% rise in other operating expenses due to increased service and rental costs - Revenue: Increased by 11.0% year-on-year to HKD 10.7 million, primarily driven by a 141.1% growth in installation and customization service income[49] - Profit before tax: Increased by HKD 873 thousand year-on-year to HKD 903 thousand, mainly due to higher installation and customization service income and reduced staff costs[51] - Staff costs: Decreased by 5.3% year-on-year to HKD 6.0 million, primarily due to reduced research and development expenses[54] - Other operating expenses: Increased by 13.8% year-on-year to HKD 3.2 million, mainly due to higher service costs and rental expenses[56] Use of Proceeds from Listing The company's net proceeds from listing were approximately HKD 23.3 million, with HKD 12.77 million utilized and HKD 10.53 million remaining unused as of March 31, 2021, primarily for business expansion, application improvements, cloud service growth, and a delayed China R&D center establishment Use of Proceeds from Listing (HKD Million) | Description of Intended Use of Proceeds | Net Proceeds (HKD Million) | Utilized as of March 31, 2021 (HKD Million) | Unutilized as of March 31, 2021 (HKD Million) | | :--- | :--- | :--- | :--- | | Expand wealth management solutions business | 2.6 | 0.94 | 1.66 | | Improve user trading applications | 6.8 | 1.34 | 5.46 | | Expand managed cloud services for local brokerage clients | 2.6 | 1.06 | 1.54 | | Establish an R&D center in China | 10.7 | 9.43 | 1.27 | | General working capital | 0.6 | – | 0.6 | | Total | 23.3 | 12.77 | 10.53 | - The use of proceeds for establishing a China R&D center was delayed due to social unrest in Hong Kong in late 2019 and the COVID-19 outbreak[64] Share Award Scheme The company adopted a share award scheme in August 2019, under which the Board resolved on February 10, 2021, to grant 21.4 million award shares to 50 selected individuals, vesting in two tranches by the end of 2021 and 2022 - On February 10, 2021, the Board granted a total of 21.4 million award shares to 50 selected individuals under the Share Award Scheme[70] - The award shares will vest in two tranches: 50% on December 31, 2021, and the remaining 50% on December 31, 2022[70] Major Shareholders' Interests As of March 31, 2021, major shareholders include Eagle Corporate Advisory Limited (and its associate) and Financial Data Technologies Limited, with Eagle Corporate Advisory (controlled by Good Steward Foundation) holding approximately 54.01% of interests, and Bank of Communications Trustee Limited holding 9.13% as trustee for the share award scheme - Eagle Corporate Advisory Limited (and its associate Good Steward Foundation) are deemed to hold 664.297 million shares, representing 54.01% of the issued shares[72][75] - Financial Data Technologies Limited (wholly owned by Mr. Nie Fanqi) holds 130 million shares, representing 10.57% of the issued shares[72][75] - Bank of Communications Trustee Limited, as trustee for the Share Award Scheme, holds 112.3 million shares, representing 9.13% of the issued shares[72][75]