Financial Performance - Total revenue for the year ended December 31, 2018, was approximately HKD 63.0 million, an increase of about 9.4% compared to HKD 57.6 million for the year ended December 31, 2017[9]. - The company recorded a profit attributable to owners of approximately HKD 7.9 million, a turnaround from a loss of HKD 0.7 million in the same period of 2017[9]. - The group recorded a profit of approximately HKD 14.5 million for the core backup business in 2018, up from HKD 9.2 million in 2017, reflecting improved stability of the seventh version of the software[34]. - Other income increased by 140% to approximately HKD 1.2 million in 2018, up from approximately HKD 0.5 million in 2017, mainly due to higher bank interest income[41]. - Employee costs decreased by approximately HKD 2.6 million to about HKD 39.5 million in 2018, a reduction of about 6.2% from approximately HKD 42.1 million in 2017[44]. - Other expenses decreased by approximately HKD 2.1 million to about HKD 14.5 million in 2018, a reduction of about 12.7% from approximately HKD 16.6 million in 2017[45]. - The increase in revenue was primarily due to a rise of approximately HKD 5.5 million from software rental rights, attributed to the higher adoption rate of the seventh version compared to the previous year[40]. - The company reported a significant increase in revenue, with a year-over-year growth of 25%[69]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[69]. Business Strategy and Development - The company plans to continue enhancing its core business and developing new features for the AhsayTM backup software[12]. - The company aims to enhance software development capabilities and expand its customer base, with specific allocations of HKD 11.04 million and HKD 7.874 million respectively[16]. - The company plans to continue developing its existing business while being alert to market trends and demands to maintain competitive advantages[29]. - The company aims to improve product quality management to enhance operational efficiency[12]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $30 million for potential deals[69]. - The company is investing in new technology development, allocating $10 million for R&D in the upcoming year[69]. - The company aims to increase its market share by 5% through enhanced marketing strategies[69]. - The company has launched the eighth version of AhsayTM backup software in January 2019, which includes new features such as Office 365 SharePoint Online backup[34]. Human Resources and Talent Management - The number of employees in the Philippines increased from 5 in 2017 to 15 by December 2018, supporting operational and quality assurance efforts[10]. - The expansion of the talent team in the Philippines is part of the company's strategy to attract more talent and manage costs effectively[10]. - As of December 31, 2018, the group had 82 employees, an increase from 79 in 2017, primarily due to resource reallocation to the Philippines office[57]. - Employee safety and career development are prioritized, with competitive compensation and performance incentive plans in place[139]. Corporate Governance - The company has adopted corporate governance principles based on high-quality board leadership and effective internal controls[146]. - The board consists of four executive directors and three independent non-executive directors as of December 31, 2018[147]. - The company has established four committees: Remuneration, Nomination, Audit, and Risk Management, to oversee various aspects of governance[163]. - The board confirmed its responsibility for risk management and internal control systems, which are designed to manage risks rather than eliminate them[181]. - The company has established a policy for handling and disclosing inside information to ensure compliance with confidentiality requirements[183]. - The company is committed to maintaining high levels of transparency and timely disclosure of relevant information to shareholders[185]. Market and Customer Engagement - The company maintains a diverse global customer base and is enhancing communication and service to improve customer loyalty[142]. - The group reported total revenue for the year ended December 31, 2018, with major customers accounting for approximately 3.6% and 9.0% of total revenue respectively[101]. - The company recognizes the importance of data security and the increasing demand for backup software solutions in the market[20]. Environmental, Social, and Governance (ESG) Commitments - The company reported a commitment to environmental, social, and governance (ESG) performance, emphasizing its importance for sustainable business and community development[193]. - The company aims to minimize its environmental impact by adhering to applicable environmental regulations and promoting clean production practices[198]. - The company encourages green office practices, such as minimizing energy consumption and implementing recycling measures[198]. - The company has committed to reviewing its environmental initiatives regularly to enhance sustainability practices[198]. - Stakeholder engagement is prioritized, with regular communication channels established for internal and external stakeholders, including annual meetings and reports[195].
亚势备份(08290) - 2018 - 年度财报