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辰罡科技(08131) - 2021 Q3 - 季度财报

Financial Performance - For the three months ended August 31, 2021, the company reported revenue of HKD 17,092,000, a significant increase of 325.5% compared to HKD 4,021,000 for the same period in 2020[8] - The gross profit for the same quarter was HKD 9,721,000, representing a gross margin of 56.9%, compared to HKD 2,292,000 in the previous year[8] - Operating profit for the three months ended August 31, 2021, was HKD 6,242,000, compared to an operating loss of HKD 146,000 in the same quarter of 2020[8] - The company achieved a profit before tax of HKD 5,100,000, compared to a loss before tax of HKD 1,226,000 in the prior year[8] - For the nine months ended August 31, 2021, total revenue reached HKD 33,217,000, up 284.5% from HKD 8,664,000 in the same period of 2020[8] - The net profit attributable to owners for the nine months was HKD 7,716,000, compared to a loss of HKD 5,343,000 in the previous year[8] - Basic earnings per share for the three months ended August 31, 2021, was HKD 1.92, compared to a loss per share of HKD 0.37 in the same quarter of 2020[8] - Operating profit for the nine months ended August 31, 2021, was HKD 7,716,000, compared to a loss of HKD 5,343,000 for the same period in 2020, indicating a turnaround in profitability[20] - The company reported a basic earnings per share of approximately HKD 0.019 and HKD 0.023 for the three months and nine months ended August 31, 2021, respectively, compared to a loss per share in the previous year[20] - The company reported an unaudited net profit attributable to owners of approximately HKD 6,294,000 for the three months ended August 31, 2021, after deducting interest expenses[31] Revenue Sources - 78% of the total revenue, approximately HKD 13,269,000, came from software licensing, leasing, and related services[31] - The revenue from self-developed software sales was approximately HKD 14,200,000, while fintech resource services and overseas mortgage consulting services contributed about HKD 2,078,000[34] - The fintech resource services segment recorded revenue of approximately HKD 2,043,000 for the three months ended August 31, 2021, compared to approximately HKD 270,000 in the same period last year, achieving a three-digit percentage increase[38] - Revenue from computer hardware and related products was approximately HKD 814,000 for the three months ended August 31, 2021, an increase of about 25% from approximately HKD 649,000 in the same period last year[39] Operational Developments - The company continues to focus on software development and operational expenditures, which totaled HKD 1,127,000 for the quarter[8] - The company is engaged in the design and sale of computer software licenses and related services, indicating ongoing market expansion efforts[13] - The financial results reflect the successful implementation of new strategies and operational improvements, contributing to the overall positive performance[8] - The company has a total of at least 95 contracts related to software licensing, leasing, and maintenance services, with a total contract value of approximately HKD 72,000,000[14] - The company has signed sales contracts with over 10 new clients for the implementation of FinReg solutions, indicating strong market demand[35] - The company has expanded its product line with the successful launch of new solutions such as the FinReg client review system and FinReg Check in the second quarter of 2021[35] - The company is committed to enhancing marketing activities for new products and services, including hosting webinars and live events to engage with customers[36] Acquisitions and Investments - The company completed the acquisition of Chuangzhi Management Consulting Limited for a total consideration of HKD 4,200,000, with HKD 2,600,000 paid in cash and HKD 1,600,000 as contingent consideration[24] - The goodwill generated from the acquisition of Chuangzhi is approximately HKD 1,100,000, attributed to expected synergies and revenue growth in the fintech resource business[26] - The acquisition of Chuangzhi on March 31, 2021, is expected to enhance the company's operational scale and sustainability in the IT outsourcing industry, which is projected to continue expanding[56] Financial Position - The company’s total equity as of August 31, 2021, was HKD 2,831,000, reflecting a recovery from a total equity of HKD (27,560,000) as of August 31, 2020[22] - The net asset value improved significantly from a net debt of approximately HKD 25,204,000 as of November 30, 2020, to an unaudited net asset value of approximately HKD 2,831,000 as of August 31, 2021[33] - The estimated tax losses available for offset against future taxable profits amounted to approximately HKD 62,278,000 as of August 31, 2021, compared to HKD 75,594,000 as of August 31, 2020[18] Costs and Expenses - Financing costs for the nine months ended August 31, 2021, totaled HKD 3,625,000, an increase from HKD 3,020,000 in the same period of 2020[16] - The company incurred depreciation expenses of HKD 68,000 for property, plant, and equipment for the nine months ended August 31, 2021, down from HKD 140,000 in the same period of 2020[15] - Operating expenses for the three months ended August 31, 2021, were approximately HKD 3,487,000, an increase of 44% compared to HKD 2,427,000 in the same period last year[32] - Employee costs (excluding directors' remuneration) for the three months ended August 31, 2021, totaled approximately HKD 3,846,000, a 66% increase from HKD 2,313,000 in the same period last year[32] Corporate Governance - The audit committee held three meetings to review the company's reports and financial statements for the nine months ending August 31, 2021, providing advice and recommendations to the board[73] - The audit committee is responsible for ensuring proper arrangements for independent investigations into any potential misconduct related to financial reporting and internal controls[73] - The board of directors consists of six members, including three independent non-executive directors[76] Shareholder Information - Maximizer International holds a significant stake of 71.35% in the company, indicating strong ownership concentration[66] - The company issued 123,529,400 convertible preferred shares at an initial conversion price of HKD 0.17 per share, which could result in the issuance of up to 123,529,400 new ordinary shares upon full conversion[70] - The company issued convertible bonds with a principal amount of HKD 29,699,876.20, which are non-listed and have a five-year zero interest term, allowing for the issuance of up to 174,705,154 new ordinary shares at the same conversion price of HKD 0.17[70] - The company is fully owned by The City Place Trust, which holds a 71.35% stake through Maximizer International Limited[67] - The company has not recorded any short positions in its shares by other individuals or major shareholders[69] - The company has not disclosed any other interests that need to be recorded in the register according to the Securities and Futures Ordinance[71] - As of August 31, 2021, the company did not repurchase any of its listed securities and did not purchase or sell any of its listed securities during the period[75] - The company has not received any formal decision from the listing review committee as of the report date[74]