Financial Performance - The company recorded revenue of approximately HKD 14.9 million for the three months ended March 31, 2020, representing an increase of about 1.4% compared to HKD 14.7 million for the same period in 2019[5]. - Revenue for the three months ended March 31, 2020, was HKD 14,888,000, a slight increase of 1.0% compared to HKD 14,741,000 for the same period in 2019[40]. - Total revenue for the three months ended March 31, 2020, was HKD 14,888,000, a slight increase from HKD 14,741,000 for the same period in 2019, representing a year-over-year growth of 1%[52][54]. - The online backup software and related services segment generated external sales of HKD 14,681,000, while the information platform segment contributed HKD 207,000, leading to a total segment profit of HKD 97,000, compared to a loss of HKD 908,000 in the previous year[52]. - The company reported a loss before tax of HKD 594,000, compared to a loss of HKD 332,000 in the previous year, reflecting a deterioration in performance[40]. - The net loss for the period was HKD 722,000, which includes a loss attributable to equity holders of the parent of HKD 586,000, compared to HKD 464,000 in the prior year[40]. - The total comprehensive loss for the period was HKD 814,000, compared to HKD 383,000 in the same period last year, indicating increased overall expenses[40]. - Basic and diluted loss per share for the period was HKD 0.03, compared to HKD 0.02 in the previous year[40]. - The company reported a pre-tax loss of HKD 594,000 for the three months ended March 31, 2020, compared to a pre-tax loss of HKD 332,000 for the same period in 2019[52][54]. Expenses and Costs - Employee costs rose to approximately HKD 11.4 million for the three months ended March 31, 2020, an increase of about 3.6% from approximately HKD 11.0 million for the same period in 2019[8]. - Employee costs totaled HKD 11,392,000 for the three months ended March 31, 2020, an increase from HKD 10,984,000 in the same period of 2019, with R&D costs included in employee expenses amounting to HKD 3,788,000[56]. - The cost of goods sold for the same period was HKD 6,000, down from HKD 18,000, indicating improved cost management[40]. - The company incurred financing costs of HKD 90,000 for the three months ended March 31, 2020, down from HKD 112,000 in the same period of 2019[59]. - The company reported a decrease in advertising and marketing expenses to HKD 600,000 for the three months ended March 31, 2020, compared to HKD 756,000 in the same period of 2019[57]. Income and Other Revenue - Other income increased by approximately HKD 26,000 to about HKD 388,000 for the three months ended March 31, 2020, reflecting a growth of about 7.2% due to increased bank interest income[7]. - Other income for the three months ended March 31, 2020, was HKD 388,000, up from HKD 362,000 in the same period of 2019, primarily driven by increased bank interest income[55]. Shareholder Information - As of March 31, 2020, the company had issued 2,000,000,000 shares, with All Divine Investments Limited holding 1,500,000,000 shares, representing 75% of the total issued shares[27]. - Major shareholders, including All Divine and its controlling entities, collectively hold 75% of the company's shares as of March 31, 2020[29]. - The average number of ordinary shares used to calculate basic and diluted loss per share remained constant at 2,000,000 shares for both periods[63]. - The company did not declare or propose any dividends to ordinary shareholders during the two periods[62]. Taxation - The effective tax rate for the company's subsidiaries in China was 25%, but no tax provision was made due to the absence of taxable profits[60]. - The current tax expense for Hong Kong profits tax was HKD 69,000 for the three months ended March 31, 2020, down from HKD 146,000 in 2019[60]. - Deferred tax expense was HKD 59,000 for the three months ended March 31, 2020, compared to a deferred tax benefit of HKD (14,000) in 2019[60]. - Total tax expense for the three months ended March 31, 2020, was HKD 128,000, slightly down from HKD 132,000 in 2019[60]. - The company has no subsidiaries in jurisdictions that require income tax payments under the laws of the Cayman Islands and the British Virgin Islands[60]. Business Operations and Strategy - The company did not experience immediate and significant impacts on its backup business despite uncertainties caused by the COVID-19 outbreak[21]. - The company remains optimistic about long-term growth in its backup software business, leveraging a strong foundation and a global customer base despite uncertainties from the COVID-19 pandemic[24]. - The company continues to focus on providing online backup software solutions through its subsidiaries[44]. - The company launched the eighth version of its core backup software in 2019, enhancing Office 365 backup features and introducing new functionalities like Microsoft SharePoint Online backup[24]. - The company has completed the purchase of two additional office units in the Philippines to accommodate more employees for future operations[22]. - KINTIPS LIMITED, a wholly-owned subsidiary, developed two online information platforms, KINTIPS and KINBOY, primarily for mobile applications[25]. - The KINTIPS platform serves as a trading platform for horse racing and football tips, with no significant impact on revenue despite cancellations of international football events due to COVID-19[25]. - There were no significant acquisitions or disposals during the three months ended March 31, 2020[20]. - The company has not engaged in any purchase, redemption, or sale of its listed securities during the reporting period[37]. - The company has not granted any share options under the share option scheme since its adoption in September 2015[35]. Compliance and Governance - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[33]. - The audit committee has reviewed the financial information for the first quarter and confirmed compliance with applicable accounting standards and GEM listing rules[38]. - The company maintained consistent accounting policies in preparing the financial statements, ensuring comparability with the previous year's results[48]. - The company did not issue any potentially dilutive ordinary shares during the three months ended March 31, 2020, and 2019[63]. - The company's reserves changes are detailed in the consolidated statement of changes in equity on page 11 of the report[64].
亚势备份(08290) - 2020 Q1 - 季度财报