Financial Performance - For the nine months ended September 30, 2019, the group's unaudited revenue was HKD 403.8 million, an increase of approximately HKD 80.7 million or 25.0% compared to the same period in 2018[12]. - The unaudited loss after tax for the nine months ended September 30, 2019, was HKD 8.3 million, a decrease of approximately HKD 10.0 million or 593.2% compared to an unaudited profit of HKD 1.7 million for the same period in 2018[12]. - For the three months ended September 30, 2019, the unaudited revenue was HKD 171.0 million, compared to HKD 119.7 million for the same period in 2018[15]. - The gross profit for the nine months ended September 30, 2019, was HKD 48.9 million, down from HKD 58.5 million for the same period in 2018[15]. - The total comprehensive loss for the nine months ended September 30, 2019, was HKD 14.7 million, compared to a total comprehensive income of HKD 2.3 million for the same period in 2018[17]. - The basic and diluted loss per share for the nine months ended September 30, 2019, was HKD 1.96, compared to earnings of HKD 0.42 for the same period in 2018[15]. - The company reported a net loss of HKD 8.3 million for the nine months ended September 30, 2019, compared to a profit of HKD 1.7 million for the same period in 2018[15]. - The company recorded a foreign exchange loss of HKD 3.3 million for the three months ended September 30, 2019, compared to a gain of HKD 0.4 million for the same period in 2018[17]. - The company reported a loss before tax of HKD 8,816,000 for the nine months, compared to a profit of HKD 3,133,000 in the previous year[33]. - The company reported a loss attributable to owners of the company of HKD 7,826,000 for the nine months ended September 30, 2019, compared to a profit of HKD 1,679,000 in the same period of 2018[52]. Revenue Breakdown - Total revenue for the nine months ended September 30, 2019, was HKD 403,774,000, a 25% increase from HKD 323,060,000 in the same period of 2018[37]. - Revenue from system integration for the nine months was HKD 293,713,000, up 31% from HKD 223,835,000 in 2018[37]. - Revenue from maintenance services decreased slightly to HKD 92,996,000, compared to HKD 78,991,000 in the previous year[37]. - Revenue from cybersecurity services for the nine months was HKD 17,065,000, down 16% from HKD 20,234,000 in 2018[37]. - The geographical revenue breakdown shows that revenue from South Korea was HKD 386,709,000 for the nine months, significantly up from HKD 302,826,000 in 2018[34]. - Total revenue from the public sector for the nine months ended September 30, 2019, was HKD 156,791,000, compared to HKD 86,620,000 in 2018, representing an increase of 80.8%[41]. - The company’s total revenue from the private sector for the nine months ended September 30, 2019, was HKD 246,983,000, compared to HKD 236,440,000 in 2018, reflecting a growth of 4.0%[41]. Expenses and Costs - The company experienced a significant increase in sales and administrative expenses, totaling HKD 60.9 million for the nine months ended September 30, 2019, compared to HKD 55.4 million for the same period in 2018[15]. - The cost of goods sold for the three months ended September 30, 2019, was HKD 129,355,000, compared to HKD 81,734,000 in 2018, reflecting an increase of 58.2%[45]. - Employee costs for the nine months ended September 30, 2019, were HKD 64,240,000, up from HKD 58,692,000 in 2018, indicating an increase of 9.0%[45]. - Research and development costs for the nine months ended September 30, 2019, were HKD 2,506,000, compared to HKD 2,134,000 in 2018, marking an increase of 17.5%[45]. - Selling and administrative expenses increased by HKD 5.5 million or 10.0% to HKD 60.9 million, mainly due to a trade receivables impairment provision of HKD 7.0 million[63]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors, with the chairman possessing appropriate professional accounting qualifications[97]. - The company has adhered to the corporate governance code throughout the nine months ended September 30, 2019[95]. - The company is committed to enhancing shareholder value through robust corporate governance practices[95]. - The company has confirmed compliance with the securities trading code by all directors as of September 30, 2019[1]. Strategic Developments - The company operates in three business segments: system integration, maintenance services, and cybersecurity services[28]. - The company completed the acquisition of Maximus Group Consulting Limited and its subsidiary, enhancing its penetration in the cybersecurity services market[80]. - The company faced challenges in the business environment due to geopolitical protests in Hong Kong and trade tensions between the US and China, leading to strategic decisions to sacrifice some profits to maintain or increase market share[59]. - The number of new projects awarded during the period was 609, with 572 projects completed, leaving 84 projects ongoing as of September 30, 2019[70]. - The group aims to win more business during the challenging economic environment and is committed to enhancing employee skills through regular training[81]. Shareholder Information - The major shareholders, LiquidTech Limited, hold 262,917,327 shares, representing approximately 65.73% of the issued share capital[84]. - The major shareholders collectively control approximately 65.73% of the company's equity[1]. - The company has not granted any share options as of September 30, 2019[80]. - The company has not issued any options under the share option plan since its adoption[1]. - The company has not repurchased any shares listed on GEM during the nine months ended September 30, 2019[96].
未来数据集团(08229) - 2019 Q3 - 季度财报