Financial Performance - For the three months ended September 30, 2020, the company's revenue was approximately 8.6 million MYR, a decrease of about 13.1% compared to 9.9 million MYR in the same period last year[8]. - Gross profit for the same period decreased by approximately 14.7% to about 3.2 million MYR from 3.7 million MYR year-on-year[9]. - The company reported a loss of approximately 7,000 MYR for the three months ended September 30, 2020, while profit excluding listing expenses and income tax expenses was about 0.4 million MYR, a decrease of approximately 84.4% compared to 2.7 million MYR in the previous year[9]. - The total comprehensive income for the period was a loss of 7,000 MYR, compared to a profit of 1.2 million MYR in the previous year[12]. - The financial performance indicates a significant decline in profitability and revenue, highlighting challenges faced during the quarter[8]. - The total loss for the three months ended September 30, 2020, was approximately RM 7,000, compared to a profit of RM 1.2 million for the same period in 2019[66]. Revenue Breakdown - Revenue from network connection services was 5,785 thousand MYR, an increase of 9.2% from 5,298 thousand MYR in the previous year[31]. - Revenue from hardware sales was 498 thousand MYR, down 52.7% from 1,052 thousand MYR in the same quarter of 2019[31]. - Revenue from network support services decreased by approximately 39.1%, while revenue from network connectivity services increased by approximately 9.4%[56]. - Revenue from on-site hardware installation decreased by approximately RM 0.5 million or 71.4% to RM 0.2 million for the three months ended September 30, 2020[56]. Expenses and Costs - Administrative and other operating expenses increased by approximately RM 1.8 million or 180% to RM 2.8 million for the three months ended September 30, 2020[62]. - Employee costs for the three months ended September 30, 2020, amounted to 1,213 thousand MYR, up from 1,018 thousand MYR in the same period of 2019, reflecting a 19% increase[36]. - Financing costs decreased by approximately RM 63,000 or 66.3% to RM 32,000 for the three months ended September 30, 2020[63]. - Sales and service costs decreased by approximately RM 0.8 million or 12.9% to RM 5.4 million for the three months ended September 30, 2020[57]. - Income tax expenses decreased by approximately RM 0.4 million or 50% to RM 0.4 million for the three months ended September 30, 2020[64]. Shareholder Information - The total equity attributable to owners of the company as of September 30, 2020, was 54,444 thousand MYR, slightly down from 54,451 thousand MYR as of July 1, 2020[16]. - As of September 30, 2020, Tan Datuk and Ms. Kwong each hold 337,500,000 shares, representing 56.25% of the company's equity[77]. - Advantage Sail holds 303,750,000 shares, accounting for 50.625% of the company's equity[77]. - Robust Cosmos holds 33,750,000 shares, which is 5.625% of the company's equity[77]. - Mr. Fu holds 112,500,000 shares, representing 18.75% of the company's equity[77]. - The company has not granted any share options under the share option scheme since its adoption on November 11, 2019[81]. Governance and Compliance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading information was presented[3]. - The audit committee reviewed the unaudited condensed consolidated financial performance for the three months ended September 30, 2020, ensuring compliance with applicable accounting standards[85]. - The company adopted and complied with the corporate governance code during the three months ended September 30, 2020, with some deviations noted[86]. - All directors confirmed compliance with the trading standards for securities transactions as of September 30, 2020[87]. Future Outlook - The company aims to address these challenges through strategic initiatives and potential market expansion[9]. - Future outlook remains cautious as the company navigates through the current market conditions[9]. - The company remains optimistic about the demand for IT-related services despite market uncertainties due to COVID-19, which has accelerated the need for technology solutions[50]. - The company anticipates facing more challenges and opportunities in the current fiscal year, emphasizing the need for adaptive management strategies[53]. - The company aims to seek better business opportunities to mitigate the impact of current market volatility and improve performance for shareholders[53]. Other Information - The company operates primarily in Malaysia, with all revenue from external customers generated in this region[28]. - The company has not adopted any new or revised International Financial Reporting Standards that would significantly impact the financial statements[25]. - The company's capital structure remained unchanged since its listing on December 9, 2019[67]. - The report contains forward-looking statements regarding the group's financial condition and operational performance, which may differ significantly from actual results due to known and unknown risks[92]. - The board expresses gratitude for the contributions and dedication of all employees, highlighting the importance of their support for the company's ongoing success[95].
比特元宇宙(08645) - 2021 Q1 - 季度财报