Financial Performance - The company recorded revenue of approximately HKD 36.1 million for the nine months ended September 30, 2021, a decrease of about 12.4% compared to HKD 41.2 million in the same period of 2020[5]. - The loss attributable to equity holders for the nine months ended September 30, 2021, was approximately HKD 12.6 million, compared to a loss of about HKD 4.1 million in the same period of 2020[5]. - The company reported a total loss of approximately HKD 12.9 million for the nine months ended September 30, 2021, compared to a loss of about HKD 4.5 million in the same period of 2020[13]. - The total comprehensive loss for the nine months was HKD 13,475,000, compared to HKD 4,023,000 in the previous year, indicating an increase of 235.5%[39]. - Basic and diluted loss per share for the nine months was HKD 0.63, compared to HKD 0.20 in the same period last year, reflecting a 215% increase in loss per share[39]. - The company reported a total loss before tax of HKD 12,719,000 for the nine months ended September 30, 2021, compared to a loss of HKD 4,427,000 in the same period of 2020[53]. - For the nine months ended September 30, 2021, the loss attributable to ordinary shareholders was HKD 12,556,000, up from HKD 4,064,000 in 2020, indicating an increase in loss of approximately 209%[64]. Revenue Breakdown - Online backup business revenue decreased by approximately HKD 6.6 million or 16.5% to about HKD 33.5 million for the nine months ended September 30, 2021, compared to approximately HKD 40.1 million for the same period in 2020[21]. - Information platform revenue increased by approximately HKD 1.6 million or 145% to about HKD 2.7 million for the nine months ended September 30, 2021, compared to approximately HKD 1.1 million for the same period in 2020[21]. - Revenue from software licensing decreased to HKD 3,063,000, down 47.8% from HKD 5,853,000 year-over-year[53]. - Revenue from software maintenance services was HKD 15,853,000, a slight decrease of 4.4% compared to HKD 16,626,000 in the previous year[53]. - Total revenue for the nine months ended September 30, 2021, was HKD 36,144,000, a decrease of 12.8% compared to HKD 41,159,000 for the same period in 2020[53]. Expenses and Costs - Employee costs increased by approximately HKD 0.7 million or 2.0% to about HKD 36.5 million for the nine months ended September 30, 2021, mainly due to the expansion of the development team[8]. - The cost of goods sold for the nine months was HKD 402,000, which increased significantly from HKD 194,000 in the previous year, reflecting a 107.2% increase[39]. - Employee costs and related expenses totaled HKD 36,538,000 for the nine months, slightly up from HKD 35,822,000 in the previous year, an increase of 2.0%[39]. - Research and development costs included in employee costs were HKD 15,372,000, up 14.8% from HKD 13,391,000 in the previous year[56]. - Other expenses decreased by approximately HKD 0.6 million or 4.9% to about HKD 11.7 million for the nine months ended September 30, 2021, due to the amortization of intangible assets related to the AhsayTM backup software[11]. Assets and Equity - As of September 30, 2021, the company's current assets were approximately HKD 64.0 million, down from HKD 79.9 million as of December 31, 2020[14]. - For the nine months ended September 30, 2021, the company reported a total equity of HKD 60,408,000, a decrease from HKD 73,124,000 at the beginning of the period, reflecting a loss of HKD 12,556,000 during the period[41]. - The company’s total equity as of January 1, 2021, was HKD 73,606,000, which decreased to HKD 60,408,000 by September 30, 2021[41]. - As of September 30, 2021, the accumulated losses increased to HKD 35,460,000 from HKD 23,304,000 at the beginning of the period[41]. Shareholder Information - As of September 30, 2021, 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[28]. - Major shareholders, including All Divine, hold 75% of the company's shares, indicating concentrated ownership[29]. - The weighted average number of shares used for calculating basic and diluted loss per share remained constant at 2,000,000 shares for both 2021 and 2020[64]. - The company did not issue any potentially dilutive ordinary shares during the nine months ended September 30, 2021[64]. Compliance and Governance - The company has complied with the corporate governance code as per GEM Listing Rules throughout the nine months ended September 30, 2021[35]. - The audit committee has reviewed the financial statements for the nine months and confirmed compliance with applicable accounting standards and GEM Listing Rules[38]. - The company’s financial statements are prepared in accordance with the GEM Listing Rules and do not include all information required for annual financial statements[46]. - The company has not identified any significant impact from the recent amendments to the Hong Kong Financial Reporting Standards on its financial statements[49]. Business Developments - The new Ahsay Mobile application was introduced in early 2021, providing mobile backup solutions for users to back up and restore photos and videos[23]. - A new cloud backup subscription solution named CloudBacko Go was launched, targeting individuals, SOHOs, and businesses, with a focus on SaaS model[24]. - The company is developing the next version of its backup software to meet future customer needs[23]. - The eighth version of the backup software includes advanced features such as centralized management and support for Microsoft SharePoint Online backup[22]. - The company operates primarily in the online backup software solutions sector, providing software licenses, upgrades, and maintenance services[44].
亚势备份(08290) - 2021 Q3 - 季度财报