Financial Performance - The company recorded revenue of approximately HKD 54.8 million for the year ended December 31, 2020, a decrease of about 7.3% from HKD 59.1 million in 2019[11]. - The company reported a loss attributable to equity holders of approximately HKD 3.7 million for 2020, compared to a profit of HKD 0.1 million in the previous year[11]. - Revenue from the company's online backup services decreased by approximately HKD 5.7 million or 9.7%, from about HKD 58.8 million in 2019 to approximately HKD 53.1 million in 2020[18]. - The group's revenue for the year ended December 31, 2020, was approximately HKD 54.8 million, a decrease of about 7.3% compared to HKD 59.1 million in 2019[34]. - The group recorded a loss attributable to equity holders of approximately HKD 3.7 million for the year ended December 31, 2020, compared to a profit of HKD 0.1 million in the previous year[34]. - Other income increased from approximately HKD 1.7 million in 2019 to approximately HKD 4.3 million in 2020, representing a growth of about 152.9%[39]. Operational Changes - The company expanded its office in the Philippines, which increased employee costs due to a focus on optimizing existing products[11]. - The company implemented cost control measures to mitigate the impact of the COVID-19 pandemic on its performance[14]. - The company has completed the purchase of an additional office unit in the Philippines to accommodate future operations[28]. - The company has implemented special work arrangements during the COVID-19 pandemic to ensure employee health and maintain operations[28]. - Employee costs and related expenses rose from approximately HKD 43.0 million in 2019 to approximately HKD 46.5 million in 2020, an increase of about 8.1%[40]. - The number of employees increased to 125 as of December 31, 2020, up from 105 in 2019, primarily due to resource allocation to the Philippines office[59]. Product Development and Market Strategy - The newly developed information platform generated order revenue of approximately HKD 1.3 million in 2020, an increase of about HKD 1.2 million from HKD 0.1 million in 2019[18]. - The company aims to enhance its backup software development and service standards to improve competitiveness[14]. - The company is actively developing the next version of its backup software to meet future customer needs[32]. - The company is optimistic about long-term growth in the backup software business, supported by a strong global customer base[32]. - The company has engaged auditors to perform procedures on the continuous related party transactions in accordance with relevant auditing standards[128]. Customer and Market Insights - Ahsay OBM and Ahsay ACB accounted for approximately 74.4% of the group's software licensing sales and rental revenue for the year ended December 31, 2020[19]. - Ahsay OBM sales volume increased by approximately 42.5% from 14,072 units in 2019 to 20,046 units in 2020, with the average unit price decreasing from approximately HKD 304.2 to HKD 217.6[24]. - Ahsay ACB sales volume increased by approximately 8.7% from 3,730 units in 2019 to 4,056 units in 2020, with the average unit price decreasing from approximately HKD 147.4 to HKD 93.9[24]. - The company has a global and diverse customer base, with ongoing efforts to enhance communication and customer service[146]. Governance and Compliance - The board consists of four executive directors and three independent non-executive directors as of December 31, 2020[152]. - The company has adopted a set of securities trading conduct rules for directors, ensuring compliance with GEM listing rules[156]. - The board confirms compliance with the corporate governance code as per GEM Listing Rules Appendix 15[139]. - The company has established a governance framework based on principles of transparency and accountability to shareholders[151]. - The company has not faced any significant operational disruptions due to strikes or labor disputes during the year[60]. Future Outlook and Strategic Plans - The company expressed cautious optimism regarding future business opportunities and expansion[14]. - The company provided guidance for the next quarter, expecting revenue to be in the range of $BB million to $CC million, indicating a projected growth of DD%[72]. - New product launches are anticipated to contribute an additional $EE million in revenue, with a focus on innovative technology solutions[72]. - Strategic acquisitions are being considered to enhance the company's product offerings and market share, with potential targets identified[72]. - Research and development efforts are being intensified, with an investment of $GG million planned for the upcoming fiscal year[72]. Shareholder Information - The board does not recommend the distribution of any dividends for the year ended December 31, 2020, considering various financial performance factors and future expansion plans[95]. - The company has adopted a general dividend policy aimed at providing shareholders with a share of the group's profits for any financial year[94]. - The company has maintained a public float of no less than 25% of its total issued share capital as of the report date[141]. - The company has no significant transactions, arrangements, or contracts in which its directors have a substantial interest, aside from those disclosed in the financial statements[109]. Risk Management - The board confirmed its responsibility for the effectiveness of the risk management and internal control systems, which are designed to manage rather than eliminate risks[197]. - The Risk Management Committee held two meetings during the year ended December 31, 2020, to review the company's risk management policies and standards[185]. - The audit committee conducted four meetings to review quarterly, interim, and annual consolidated financial statements, ensuring compliance with applicable accounting standards and GEM listing rules[182].
亚势备份(08290) - 2020 - 年度财报