Financial Performance - The group's unaudited revenue for the three months ended March 31, 2020, was HKD 113.7 million, an increase of approximately HKD 17.7 million or 18.5% compared to the same period in 2019[11] - The unaudited loss after tax for the three months ended March 31, 2020, was HKD 8.6 million, an increase of approximately HKD 3.7 million or 74.7% compared to the loss of HKD 4.9 million in the same period in 2019[11] - The gross profit for the three months ended March 31, 2020, was HKD 9.6 million, down from HKD 11.4 million in the same period in 2019[14] - The basic and diluted loss per share attributable to owners of the company for the three months ended March 31, 2020, was HKD 2.02, compared to HKD 1.23 in the same period in 2019[14] - The total comprehensive loss for the three months ended March 31, 2020, was HKD 14.8 million, compared to HKD 5.8 million in the same period in 2019[17] - The company reported a foreign exchange loss of HKD 6.2 million for the three months ended March 31, 2020[17] - The company reported a loss before tax of HKD 9,024,000 for Q1 2020, compared to a loss of HKD 4,528,000 in Q1 2019, reflecting a worsening of approximately 99.1%[29] - The total comprehensive income for the three months ended March 31, 2020, was a loss of HKD 14,764,000, compared to a loss of HKD 5,821,000 in the same period of 2019[29] - The company reported a pre-tax loss of HKD 8,080,000 for the three months ended March 31, 2020, compared to a loss of HKD 4,910,000 in the same period of 2019[41] - Gross profit decreased by 15.7% to HKD 9.6 million from HKD 11.4 million for the same period in 2019, primarily due to adverse exchange rates and low-margin projects[49] - The company recorded a pre-tax loss of HKD 9.0 million, compared to a loss of HKD 4.5 million in the same period last year, representing a 99.3% increase in losses[49] Revenue Breakdown - Total revenue for the three months ended March 31, 2020, was HKD 113,730,000, representing an increase from HKD 96,012,000 in the same period of 2019, reflecting a growth of approximately 18.4%[29] - The revenue breakdown by segment for Q1 2020 showed system integration at HKD 73,657,000, maintenance services at HKD 34,137,000, and network security services at HKD 5,936,000[29] - Revenue from system integration services was HKD 73,657,000, up 17.5% from HKD 62,684,000 year-over-year[32] - Revenue from maintenance services increased to HKD 34,137,000, a rise of 18.0% compared to HKD 28,911,000 in the previous year[32] - Cybersecurity business revenue grew by 34.4% to HKD 5.9 million, compared to HKD 4.4 million for the same period in 2019[63] Expenses and Costs - The total administrative expenses for the three months ended March 31, 2020, were HKD 18.7 million, slightly up from HKD 18.4 million in the same period in 2019[14] - The financial costs for the three months ended March 31, 2020, were HKD 270,000, down from HKD 372,000 in the same period in 2019[14] - Employee costs for the period were HKD 22,279,000, slightly up from HKD 21,332,000 in the previous year[34] - The total cost of inventory recognized as an expense was HKD 82,667,000, up from HKD 69,418,000 in the previous year[34] - The company incurred a net impairment provision for trade receivables of HKD 717,000, down from HKD 1,258,000 in the previous year[34] Assets and Equity - The company’s total assets as of March 31, 2020, were HKD 115,384,000, compared to HKD 129,865,000 as of March 31, 2019, indicating a decrease of approximately 11.2%[29] - The asset-to-equity ratio increased to 22.4% as of March 31, 2020, compared to 15.8% as of December 31, 2019, indicating a contraction in total equity[54] Corporate Governance - The company has adhered to the corporate governance code as stipulated in the GEM listing rules during the three months ended March 31, 2020[84] - The company is committed to maintaining robust corporate governance to fulfill its responsibilities to shareholders and enhance shareholder value[83] - The audit committee's main responsibilities include reviewing financial information, risk management, and internal control systems[83] - The audit committee consists of three independent non-executive directors, with Shen Zhenhao serving as the chairman, possessing appropriate professional accounting qualifications[85] - The company has established a corporate governance framework based on good governance principles outlined in the GEM listing rules[83] Shareholder Information - LiquidTech Limited holds 262,917,327 shares, representing 65.73% of the issued share capital as of March 31, 2020[71] - The four ultimate controlling shareholders collectively control approximately 65.73% of the company's share capital[71] - As of March 31, 2020, the company had a total of 400,000,000 issued shares, with significant control held by four major shareholders[3] - The major shareholders collectively control approximately 65.73% of the company's equity[3] Employee and Innovation - The company emphasizes continuous learning and provides regular technical and on-the-job training for employees[66] - The company encourages employee participation in external seminars and examinations to enhance knowledge[66] - The company has adopted a stock option plan to reward eligible individuals contributing to its successful operations, with no options granted as of March 31, 2020[66] - The company is committed to prudent cost control in response to current uncertainties[66] - The ongoing development of data networks and online activities due to the global pandemic presents a bright outlook for the business[66] - As of March 31, 2020, the total employee count increased to 225 from 186, attributed to hiring more engineers in Korea for larger projects[67] - Total employee costs for the three months ending March 31, 2020, were approximately HKD 22.3 million, compared to HKD 21.3 million for the same period in 2019[67] Investments and Acquisitions - The company did not have any significant investments or acquisitions during the three months ended March 31, 2020[59] - The company reported no share buybacks or sales during the three months ended March 31, 2020[84]
未来数据集团(08229) - 2020 Q1 - 季度财报