Revenue Performance - Revenue for the three months ended June 30, 2019, was approximately HKD 10,600,000, a decrease of about 39.9% compared to the same period in 2018[5] - Total revenue for the three months ended June 30, 2019, was HKD 10,653,000, a decrease of 39.6% compared to HKD 17,589,000 in 2018[16] - OTT service revenue was HKD 10,015,000, down 32.2% from HKD 14,763,000 in the previous year[16] - Professional service fees generated HKD 638,000, a decline of 36.8% from HKD 1,010,000 in 2018[16] - For the three months ended June 30, 2019, the group recorded revenue of approximately HKD 10,600,000, a decrease of about 39.9% compared to HKD 17,600,000 for the same period in 2018[42] - OTT services recorded revenue of approximately HKD 10,000,000 for the three months ended June 30, 2019, a decrease of about 32.2% from HKD 14,800,000 for the same period in 2018[39] Profit and Loss - Profit attributable to owners for the three months ended June 30, 2019, was approximately HKD 9,900,000, compared to a loss of approximately HKD 23,600,000 for the same period in 2018[5] - Basic earnings per share for the three months ended June 30, 2019, was approximately HKD 0.06, compared to a loss per share of approximately HKD 16.60 for the same period in 2018[5] - The company reported a net profit of HKD 9,877,000 for the three months ended June 30, 2019, compared to a loss of HKD 23,614,000 in the same period of 2018[26] - The total comprehensive income attributable to owners for the three months ended June 30, 2019, was HKD 9,797,000, compared to a loss of HKD 21,921,000 for the same period in 2018[9] Costs and Expenses - The group reported a gross profit of HKD 10,563,000 for the three months ended June 30, 2019, compared to HKD 169,533,000 in the same period of 2018[7] - The group incurred a loss of HKD 7,843,000 from contractor costs for the three months ended June 30, 2019, compared to HKD 13,046,000 in the same period of 2018[7] - Employee costs, including salaries and other benefits, were HKD 1,710,000, down 36.2% from HKD 2,681,000 in 2018[23] - The group reported a financing cost of HKD 2,152,000 for the three months ended June 30, 2019, down from HKD 11,198,000 in the same period of 2018[7] - The group’s financing costs decreased to approximately HKD 2,200,000 for the three months ended June 30, 2019, down about 80.8% from HKD 11,200,000 in the same period of 2018[42] Dividends - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2019[5] - The company did not recommend any dividend for the three months ended June 30, 2019, consistent with no dividend in 2018[25] Business Operations and Strategy - The company has strategically expanded its professional services in cybersecurity solutions to address changing business environments[30] - The professional services team focuses on providing comprehensive security management services, including risk management and vulnerability assessments[30] - The company has implemented a four-phase approach for IT security monitoring and risk assessment, aiming to provide predictable outcomes[31] - The group aims to continue seeking opportunities for investment and/or acquisition of companies or projects with clear development prospects to create value for shareholders[40] - The group continues to focus on existing businesses to bring further value to shareholders[40] Shareholder Information - Major shareholders include Full Times Investment Limited with a 25.85% stake and HMV Digital China Group Limited with a 26.68% stake as of June 30, 2019[49] - Full Times holds 36,777,000 shares and New Smart International Creation Limited holds 1,180,000 shares of HMV Digital, totaling 37,957,000 shares[50] Compliance and Governance - All directors confirmed compliance with trading rules as of June 30, 2019, with no violations reported during the three-month period[51] - The company has appointed an independent compliance advisor for two years starting from June 22, 2018, to ensure adherence to GEM listing rules[53] - No significant contracts exist where directors have a substantial interest related to the group's business as of June 30, 2019[54] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial information for the three months ending June 30, 2019, and found it compliant with applicable accounting standards[56] - The company has adopted corporate governance practices in line with GEM listing rules and has reported no significant deviations during the reporting period[58] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the review period[59] Other Income - Other income increased to approximately HKD 14,100,000, primarily due to the waiver of principal and accrued interest by noteholders[42] Location Change - The company’s main business location changed to D2 Place Phase 2, 8th Floor, 15 Cheung Shun Street, Cheung Sha Wan, Kowloon, Hong Kong, effective July 8, 2019[11]
HMVOD视频(08103) - 2020 Q1 - 季度财报