Financial Performance - The company recorded revenue of approximately HKD 12.1 million for the three months ended March 31, 2021, a decrease of about 17.1% compared to HKD 14.6 million for the same period in 2020[5]. - The loss attributable to the owners of the parent company for the three months ended March 31, 2021, was approximately HKD 4.5 million, compared to a loss of about HKD 0.9 million in the same period of 2020[5]. - Revenue from the online backup business decreased by approximately HKD 3.2 million or 22.2% to about HKD 11.2 million for the three months ended March 31, 2021, from approximately HKD 14.4 million in the same period of 2020[20]. - Other income decreased by approximately HKD 0.3 million or 75.0% to about HKD 0.1 million for the three months ended March 31, 2021, primarily due to a decline in bank interest income[7]. - The company reported a loss before tax of HKD 4,556,000, compared to a loss of HKD 917,000 in the same quarter of 2020, reflecting a substantial decline in performance[39]. - Total comprehensive loss for the period was HKD 4,688,000, compared to HKD 1,137,000 in the prior year, highlighting a worsening financial situation[39]. - Basic and diluted loss per share was HKD 0.23, compared to HKD 0.05 for the same period last year, indicating increased losses per share[39]. - The total loss attributable to the owners of the parent company was HKD 909,000, compared to HKD 586,000 in the previous year[50]. Revenue Breakdown - Revenue for the three months ended March 31, 2021, was HKD 12,085,000, a decrease of 17.1% compared to HKD 14,565,000 for the same period in 2020[54]. - The online backup software and related services segment generated revenue of HKD 11,195,000, while the information platform segment contributed HKD 890,000[54]. - Software upgrade and maintenance service revenue was HKD 5,291,000, a slight decrease from HKD 5,525,000 in the previous year[54]. - The company recognized revenue of HKD 10,871,000 over time, which accounted for 89.9% of total revenue for the period[54]. Expenses and Costs - Employee costs and related expenses increased by approximately HKD 1.2 million or 10.5% to about HKD 12.6 million for the three months ended March 31, 2021, compared to approximately HKD 11.4 million in the same period of 2020[8]. - The cost of goods sold was HKD 143,000, significantly up from HKD 6,000 in the previous year, indicating increased operational costs[39]. - Employee costs totaled 12,578,000 HKD for the three months ended March 31, 2021, an increase of 10.4% from 11,392,000 HKD in the same period of 2020[56]. - Research and development costs included in employee costs were 5,407,000 HKD, up 42.7% from 3,788,000 HKD in the same period of 2020[56]. - Other expenses for the three months ended March 31, 2021, were 3,859,000 HKD, a decrease of 10.4% from 4,308,000 HKD in the same period of 2020[58]. - Financing costs totaled 60,000 HKD for the three months ended March 31, 2021, down 33.3% from 90,000 HKD in the same period of 2020[59]. - Income tax expense for the three months ended March 31, 2021, was 67,000 HKD, a decrease of 47.2% from 128,000 HKD in the same period of 2020[60]. Shareholder Information - As of March 31, 2021, the company has issued 2,000,000,000 shares, with All Divine Investments Limited holding 1,500,000,000 shares, representing 75% of the total issued shares[26]. - Major shareholders include All Divine, Able Future, and individual shareholders, all holding 75% of the company's shares, indicating concentrated ownership[28]. - The board and key executives have significant equity interests in the company, with major shareholders being closely linked, indicating strong internal alignment[30]. - The company has not reported any new equity interests or holdings outside of those disclosed, maintaining transparency in its shareholder structure[29]. - The average number of ordinary shares used to calculate basic and diluted loss per share was 2,000,000 shares for both periods[64]. - The company did not issue any potentially dilutive ordinary shares during the periods ended March 31, 2021, and March 31, 2020[64]. Business Developments - The company maintained a net cash position as of March 31, 2021, with current assets of approximately HKD 73.7 million[13]. - The company did not have any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended March 31, 2021[19]. - The latest version of AhsayTM backup software, version 8, provides advanced on-premise and cloud backup solutions for enterprises and managed service providers, supporting various features including Microsoft SharePoint Online backup[21]. - Ahsay Mobile application has been introduced, allowing users to back up and restore photos and videos from mobile devices, enhancing user experience with added security features like two-factor authentication[22]. - The information platform, including KINBOY and KINTIPS, has shown significant revenue contribution growth compared to the same period last year, indicating a successful diversification into mobile applications[24]. - The company is developing the next version of its backup software to meet future customer needs, reflecting a commitment to innovation and responsiveness to market demands[22]. - The introduction of a new ordering business model for KINBOY has provided users with tiered access to racing information, enhancing user engagement and service offerings[24]. - The company aims to further diversify its business into the mobile application industry, leveraging its experience in information technology[24]. Compliance and Governance - The audit committee reviewed the financial results for the quarter ended March 31, 2021, ensuring compliance with applicable accounting standards and GEM listing rules[38]. - The company has adopted a code of conduct for securities trading by directors, confirming compliance with GEM listing rules[33]. - There were no stock options granted under the stock option plan since its adoption in September 2015[35]. - The company did not engage in any purchase, redemption, or sale of its listed securities during the reporting period[37]. - The company has not identified any significant impact from the revised Hong Kong Financial Reporting Standards on its financial statements[49].
亚势备份(08290) - 2021 Q1 - 季度财报