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辰罡科技(08131) - 2020 Q3 - 季度财报

Financial Performance - For the three months ended August 31, 2020, the revenue was HKD 4,021,000, representing a 33.6% increase compared to HKD 3,006,000 for the same period in 2019[5]. - The gross profit for the three months ended August 31, 2020, was HKD 2,292,000, up 8.5% from HKD 2,112,000 in the previous year[5]. - Operating loss for the three months ended August 31, 2020, was HKD 146,000, a significant improvement compared to a loss of HKD 1,222,000 in the same quarter of 2019[5]. - The total comprehensive loss for the period was HKD 1,110,000, compared to HKD 1,734,000 for the same period in 2019, indicating a 36% reduction in losses[6]. - For the nine months ended August 31, 2020, the revenue decreased to HKD 8,664,000 from HKD 14,168,000 in the previous year, reflecting a decline of 38.8%[5]. - The net loss for the nine months ended August 31, 2020, was HKD 5,343,000, compared to HKD 4,087,000 for the same period in 2019, representing a 30.6% increase in losses[6]. - Basic and diluted loss per share for the nine months ended August 31, 2020, was HKD 1.77, compared to HKD 1.36 for the same period in 2019[6]. - The company incurred financing costs of HKD 3,020,000 for the nine months ended August 31, 2020, which is an increase from HKD 1,769,000 in the previous year[5]. - Operating expenses for the three months ended August 31, 2020, were approximately HKD 2,427,000, a decrease of 27% from HKD 3,330,000 in the same period last year[34]. Revenue Breakdown - Revenue breakdown for the three months ended August 31, 2020: HKD 1,879,000 (47%) from software licensing and professional services, HKD 1,124,000 (28%) from maintenance services, HKD 649,000 (16%) from computer hardware sales, HKD 270,000 (7%) from fintech resources services, and HKD 99,000 (2%) from overseas mortgage consulting services[33]. - The revenue from software licensing and related services for the nine months ended August 31, 2020, was HKD 3,590,000, down from HKD 4,379,000 in 2019, indicating a decline of about 18%[20]. - The company’s revenue from financial technology services was HKD 270,000 for the three months ended August 31, 2020, compared to HKD 137,000 in 2019, marking an increase of approximately 96.4%[20]. New Products and Developments - The company completed the first phase of development for the new product "FinReg Innovation Tool" and has launched it in the market[35]. - The second phase of development for the "FinReg Innovation Tool" is ongoing, with additional resources allocated in 2020[35]. - The company plans to launch a new "Middle Office Operations" system in Q2 2021, which aims to enhance business performance through automation[35]. - The company has successfully signed a new contract for the upgraded C version of the OCTOSTP system with a well-known Singapore brokerage operating locally in Hong Kong[47]. - The company has launched new products in the first quarter of this year, achieving satisfactory results with new sales contracts signed with at least five brokerage firms for system optimization and calibration[48]. - The company has invested resources in the second phase of development for the "FinReg Innovation Tool," which assists clients in automating risk management and regulatory compliance related to securities trading[52]. Marketing and Client Engagement - The company has enhanced its media promotion platform, including a revamped website and active engagement on Facebook and YouTube to promote its products and services[53]. - The company has received positive feedback from clients regarding its new products and services during recent seminars, indicating strong interest in its offerings[49]. - The company has conducted four online seminars since Q4 2019 to promote the "FinReg Innovation Tool" in collaboration with several business partners[49]. - The company is actively expanding its IT talent pool by advertising on major job portals and participating in job fairs[61]. - The company aims to increase its revenue in the fintech resource services sector by signing more dispatch contracts and collaborating with recruitment agencies[59]. Financial Reporting and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements[9]. - The financial results for the nine months ended August 31, 2020, have been reviewed by the company's audit committee but not audited by external auditors[8]. - The company adopted the new Hong Kong Financial Reporting Standards (HKFRS) and Hong Kong Accounting Standards (HKAS) effective from January 1, 2019, with no significant impact on the financial statements[13]. - The audit committee held three meetings to review the company's reports and financial statements during the nine months ending August 31, 2020[78]. Shareholder Information - As of August 31, 2020, Maximizer International Limited holds 177,793,941 shares, representing 59.05% of the issued share capital[71]. - Pacific East Limited owns 16,450,838 shares, accounting for 5.46% of the issued share capital[71]. - DGM Trust Corporation, as trustee, holds a total of 194,244,779 shares, which is 64.51% of the issued share capital[71]. - The company issued 123,529,400 convertible preferred shares at an initial conversion price of HKD 0.17 per ordinary share[75]. - The company also issued convertible bonds with a principal amount of HKD 29,699,876.20, convertible at the same price of HKD 0.17 per ordinary share, potentially resulting in 174,705,154 new ordinary shares[75]. - The board of directors proposed not to declare an interim dividend for the nine months ended August 31, 2020[32]. Strategic Partnerships and Expansion - The company has established partnerships with at least ten new business partners since 2019, covering various products and solutions, including cloud services and cybersecurity solutions[41]. - The company has registered as an IT service provider under the D-Biz program launched by the Hong Kong government, allowing it to expand its customer base beyond financial institutions[40]. - The company aims to expand its customer base to other departments of brokerage firms and banks, leveraging its experience in procuring computer hardware and solutions[43]. - The company aims to expand its customer base beyond financial institutions to include asset management firms and insurance companies, actively engaging in marketing activities such as seminars and exhibitions[49]. - The company is collaborating with a cloud solution distributor to sell Alibaba cloud solutions[57].