亚势备份(08290) - 2025 - 中期业绩

Announcement Information This section highlights the characteristics of the GEM market, emphasizing its higher investment risks for small and medium-sized companies, and clarifies the responsibilities of the Company's directors regarding the announcement's accuracy Characteristics of GEM and Disclaimer This section outlines the GEM market's high-risk nature for SMEs and clarifies that the Company's directors bear full responsibility for the announcement's accuracy - The GEM market is positioned for small and medium-sized companies, with higher investment risks and market volatility[2] - Hong Kong Exchanges and Clearing Limited and the Stock Exchange are not responsible for the content of this announcement and disclaim any liability for losses[2] - The Company's directors assume full responsibility for the accuracy, completeness, and non-misleading nature of the announcement content[2] Financial Highlights This section provides a concise overview of the Group's key financial performance indicators for the reporting period, including revenue and loss attributable to owners Interim Results for the Six Months Ended June 30, 2025 The Group's revenue decreased by 8.3% to HK$18.9 million, while loss attributable to owners significantly narrowed to HK$0.2 million, with no dividend recommended Key Financial Indicators for H1 2025 | Indicator | H1 2025 (HK$'000) | H1 2024 (HK$'000) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 18,900 | 20,600 | -8.3% | | Loss Attributable to Owners of the Parent | (200) | (1,200) | -83.3% | | Loss from Online Backup Software and Related Services Segment | (2,100) | (2,400) | -12.5% | | Loss/(Profit) from Information Platform Segment | (100) | 100 | -200.0% | | Basic and Diluted Loss Per Share (HK cents) | (0.01) | (0.06) | -83.3% | - The Board does not recommend the payment of any dividend for the six months ended June 30, 2025[5] Condensed Consolidated Financial Statements This section presents the Group's condensed consolidated financial statements, including the statement of profit or loss, financial position, and changes in equity Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Revenue was HK$18.9 million, with loss for the period significantly narrowing to HK$0.181 million, and exchange differences positively impacting comprehensive income Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Summary) | Indicator | H1 2025 (HK$'000) | H1 2024 (HK$'000) | | :--- | :--- | :--- | | Revenue | 18,900 | 20,590 | | Other income | 859 | 1,224 | | Other gains (losses), net | 1,262 | (193) | | Staff costs and related expenses | (14,621) | (15,183) | | Other expenses | (6,303) | (7,437) | | Finance costs | (185) | (60) | | Loss before tax | (120) | (1,196) | | Income tax expense | (61) | (20) | | Loss for the period | (181) | (1,216) | | Exchange differences arising from translation of overseas operations | 458 | (634) | | Total comprehensive income (loss) for the period | 277 | (1,850) | | Loss per share attributable to ordinary equity holders of the parent (HK cents) | (0.01) | (0.06) | Condensed Consolidated Statement of Financial Position Total assets were HK$74.559 million, with net current assets at HK$44.264 million, and net assets increasing to HK$55.212 million Condensed Consolidated Statement of Financial Position (Summary) | Indicator | June 30, 2025 (HK$'000) | December 31, 2024 (HK$'000) | | :--- | :--- | :--- | | Total non-current assets | 15,338 | 16,561 | | Total current assets | 59,261 | 59,584 | | Total current liabilities | 14,997 | 15,626 | | Net current assets | 44,264 | 43,958 | | Total assets less current liabilities | 59,602 | 60,519 | | Total non-current liabilities | 4,390 | 5,584 | | Net assets | 55,212 | 54,935 | | Total equity | 55,212 | 54,935 | Condensed Consolidated Statement of Changes in Equity Total equity attributable to owners increased to HK$55.212 million, driven by HK$277 thousand in comprehensive income, including exchange gains Condensed Consolidated Statement of Changes in Equity (Summary) | Item | June 30, 2025 (HK$'000) | June 30, 2024 (HK$'000) | | :--- | :--- | :--- | | At beginning of period (audited) | 54,935 | 57,924 | | Loss for the period | (181) | (1,216) | | Exchange differences arising from translation of overseas operations | 458 | (634) | | Total comprehensive income (loss) for the period | 277 | (1,850) | | At end of period (unaudited) | 55,212 | 56,074 | Notes to the Condensed Consolidated Financial Statements This section provides detailed explanatory notes supporting the condensed consolidated financial statements, covering accounting policies, segment information, and specific financial line items Capital and Other Reserves This note details the composition of capital and other reserves, including acquisition differences, share capital differences, and controlling shareholder contributions - Capital and other reserves include differences arising from the acquisition of equity interests in CloudBacko BVI and Ahsay Services Centre Limited[9] - Includes differences in share capital of Alpha Heritage Holdings Limited, a wholly-owned subsidiary of the Company[9] - Includes contributions from controlling shareholders upon waiver of amounts due to shareholders and disposal of subsidiaries[9] General Information The Company, an investment holding entity incorporated in the Cayman Islands and listed on GEM, primarily provides online backup software solutions with HKD as its functional currency - The Company is an investment holding company, primarily providing online backup software solutions through its subsidiaries[11] - The Company is incorporated in the Cayman Islands, and its shares are listed on GEM of The Stock Exchange of Hong Kong Limited[10] - The functional currency of the Company is Hong Kong Dollars[12] Basis of Preparation Interim financial information is prepared under HKAS 34 and GEM Listing Rules Chapter 18, to be read with the annual consolidated financial statements - The interim financial information is prepared in accordance with Hong Kong Accounting Standard 34 and Chapter 18 of the GEM Listing Rules[13] - It should be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2024[13] Changes in Accounting Policies and Disclosures Accounting policies align with annual statements, with the initial adoption of revised HKAS 21 (Lack of Exchangeability) having no impact due to exchangeable currencies - Accounting policies are consistent with the annual consolidated financial statements, with the initial adoption of the revised Hong Kong Accounting Standard 21 (Lack of Exchangeability)[14][15] - As all currencies transacted by the Group are exchangeable, this revision has no impact on the interim financial information[16] Revenue and Segment Information The Group operates two segments, online backup and information platform, generating HK$18.9 million in total revenue, with both segments recording losses - The Group has two reportable operating segments: online backup software and related services segment, and information platform segment[18] Segment Revenue and Results (Summary) | Segment | H1 2025 Revenue (HK$'000) | H1 2024 Revenue (HK$'000) | H1 2025 Segment Loss/(Profit) (HK$'000) | H1 2024 Segment Loss/(Profit) (HK$'000) | | :--- | :--- | :--- | :--- | :--- | | Online Backup Software and Related Services | 16,238 | 17,901 | (2,138) | (2,369) | | Information Platform | 2,662 | 2,689 | (103) | 142 | | Total | 18,900 | 20,590 | (2,241) | (2,227) | - All assets are allocated to operating segments, except for bank balances and cash; all liabilities are allocated to operating segments[23] Other Income and Other Gains (Losses), Net Other income decreased to HK$859 thousand due to lower bank interest, while other gains, net, significantly improved to HK$1,262 thousand from a prior-year loss Other Income | Item | H1 2025 (HK$'000) | H1 2024 (HK$'000) | | :--- | :--- | :--- | | Bank interest income | 776 | 1,091 | | Rental income | 46 | 57 | | Miscellaneous income | 37 | 66 | | Total | 859 | 1,224 | Other Gains (Losses), Net | Item | H1 2025 (HK$'000) | H1 2024 (HK$'000) | | :--- | :--- | :--- | | Net exchange differences | 1,311 | (193) | | Fair value loss on investment property | (49) | — | | Total | 1,262 | (193) | Staff Costs and Related Expenses Staff costs and related expenses decreased by 3.7% to HK$14.621 million, with HK$4.859 million allocated to R&D Staff Costs and Related Expenses | Item | H1 2025 (HK$'000) | H1 2024 (HK$'000) | | :--- | :--- | :--- | | Directors' emoluments | 2,899 | 2,904 | | Other staff costs | 11,684 | 11,980 | | Staff related expenses | 38 | 299 | | Total | 14,621 | 15,183 | | R&D costs included in staff costs and related expenses | 4,859 | 5,449 | Other Expenses Other expenses decreased by 15.2% to HK$6.303 million, driven by reductions in advertising, content acquisition, and depreciation Other Expenses | Item | H1 2025 (HK$'000) | H1 2024 (HK$'000) | | :--- | :--- | :--- | | Auditor's remuneration | 430 | 430 | | Advertising and marketing expenses | 97 | 820 | | Content acquisition costs | 484 | 640 | | Depreciation of property, plant and equipment | 484 | 590 | | Depreciation of right-of-use assets | 1,149 | 1,154 | | Legal and professional fees | 712 | 742 | | Commercial credit card fees | 674 | 653 | | Web hosting expenses | 408 | 364 | | Total | 6,303 | 7,437 | Finance Costs Finance costs significantly increased to HK$185 thousand, primarily due to higher interest expense on lease liabilities Finance Costs | Item | H1 2025 (HK$'000) | H1 2024 (HK$'000) | | :--- | :--- | :--- | | Interest expense on lease liabilities | 185 | 60 | | Total | 185 | 60 | Income Tax Expense Income tax expense was HK$61 thousand, primarily Hong Kong profits tax and deferred tax, with the Group exempt from tax in the Cayman Islands and BVI Income Tax Expense | Item | H1 2025 (HK$'000) | H1 2024 (HK$'000) | | :--- | :--- | :--- | | Current tax: Hong Kong profits tax | 48 | 64 | | Deferred tax | 13 | (44) | | Total | 61 | 20 | - The Group is not subject to any income tax in the Cayman Islands and British Virgin Islands[28] - Hong Kong profits tax is calculated under a two-tiered tax system, with the first HK$2 million taxed at 8.25% and the remainder at 16.5%[28] Dividends The Company neither paid nor proposed any dividends to ordinary shareholders for the reporting periods - The Company neither paid nor proposed any dividends during the reporting period[29] Loss Per Share Attributable to Ordinary Equity Holders of the Parent Basic and diluted loss per share significantly narrowed to HK$0.01, based on 2,000,000 thousand weighted average ordinary shares with no dilutive potential Loss Per Share Calculation | Indicator | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Loss attributable to ordinary equity holders of the parent (HK$'000) | (181) | (1,216) | | Weighted average number of ordinary shares (thousands) | 2,000,000 | 2,000,000 | | Basic and diluted loss per share (HK cents) | (0.01) | (0.06) | - The Company had no outstanding ordinary shares with potential dilutive effect during the reporting period[31] Trade and Other Receivables Trade and other receivables decreased to HK$4.272 million, with trade receivables generally aged within 30 days and software leases having a 14-30 day credit period Trade and Other Receivables | Item | June 30, 2025 (HK$'000) | December 31, 2024 (HK$'000) | | :--- | :--- | :--- | | Trade receivables — aged within 30 days | 1,148 | 1,697 | | Lease and utilities deposits | 115 | 163 | | Prepayments for operating expenses and other receivables | 3,009 | 2,818 | | Total | 4,272 | 4,678 | - The Group generally sells through the internet, and payments are usually required before the delivery of software usage rights, subscriptions, and provision of services[32] - For software usage right leases where customers are charged monthly license fees on a pay-as-you-go basis, the credit period is 14 to 30 days[32] Other Payables and Accrued Charges Other payables are non-interest bearing and have an aging of less than one year from the invoice date - Other payables are non-interest bearing and aged less than one year[33] Management Discussion and Analysis This section provides management's perspective on the Group's financial performance, operational results, and key factors influencing the business during the reporting period Overview Revenue decreased by 8.3% to HK$18.9 million, while loss attributable to owners narrowed to HK$0.2 million, driven by exchange gains and cost reductions H1 2025 Financial Overview | Indicator | H1 2025 (HK$ million) | H1 2024 (HK$ million) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 18.9 | 20.6 | -8.3% | | Loss Attributable to Owners of the Parent | 0.2 | 1.2 | -83.3% | - The reduction in loss was primarily due to increased exchange gains from appreciating foreign currency bank balances, reduced marketing and advertising expenses, and lower staff costs[34] - The reduction in loss was partially offset by decreased revenue from the online backup business due to global economic weakness and subdued demand[34] Revenue Analysis Revenue decreased by 8.3% to HK$18.9 million, primarily from software sales and services, due to global economic weakness and market competition - Revenue primarily derived from software license sales and leases, software upgrade and maintenance services, subscription fees, and other services[35] - The decrease in revenue was mainly due to global economic weakness, intense competition in the online backup software market, and changing consumer patterns in Hong Kong[35] Other Income Analysis Other income decreased by 25% to HK$0.9 million, primarily due to lower bank interest income from reduced fixed deposit rates Changes in Other Income | Indicator | H1 2025 (HK$ million) | H1 2024 (HK$ million) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Other Income | 0.9 | 1.2 | -25% | - The decrease in other income was mainly due to lower average interest rates on fixed deposits, resulting in reduced bank interest income[36] Other Gains, Net Analysis Other gains, net, significantly improved by HK$1.5 million to a gain of HK$1.3 million, primarily driven by increased exchange gains from foreign currency balances Changes in Other Gains, Net | Indicator | H1 2025 (HK$ million) | H1 2024 (HK$ million) | YoY Change (HK$ million) | | :--- | :--- | :--- | :--- | | Other Gains, Net | 1.3 | (0.2) | +1.5 | - The increase in other gains was mainly due to increased exchange gains arising from the appreciation of foreign currency bank balances[37] Staff Costs and Related Expenses Analysis Staff costs and related expenses decreased by 3.9% to HK$14.6 million, primarily due to a reduction in the average number of employees Changes in Staff Costs and Related Expenses | Indicator | H1 2025 (HK$ million) | H1 2024 (HK$ million) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Staff Costs and Related Expenses | 14.6 | 15.2 | -3.9% | - The decrease in staff costs was mainly due to a reduction in the average number of employees compared to the same period last year[38] Other Expenses Analysis Other expenses decreased by 14.9% to HK$6.3 million, mainly due to optimized marketing strategies and reduced content acquisition costs Changes in Other Expenses | Indicator | H1 2025 (HK$ million) | H1 2024 (HK$ million) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Other Expenses | 6.3 | 7.4 | -14.9% | - The decrease in other expenses was mainly due to reduced advertising and marketing expenses from optimized market strategies and lower content acquisition costs[39] Loss for the Period Analysis The Group's loss for the period significantly narrowed to HK$0.2 million, comprising losses from both online backup and information platform segments, plus net unallocated items Loss for the Period and Segment Contribution | Item | H1 2025 (HK$ million) | | :--- | :--- | | Loss for the period | 0.2 | | Loss from Online Backup Software and Related Services Segment | 2.1 | | Loss from Information Platform Segment | 0.1 | | Net unallocated income and expenses | 2.2 | Financial Position and Resources This section reviews the Group's financial health, liquidity, and capital structure, including asset pledges and commitments Financial Position, Liquidity and Financial Resources The Group maintains a prudent cash management policy with HK$59.3 million in current assets and a net cash position, ensuring ample financial resources - The Group adopts a prudent cash and financial management policy, with cash primarily denominated in USD and AUD and held in licensed banks in Singapore[41] Current Assets | Indicator | June 30, 2025 (HK$ million) | December 31, 2024 (HK$ million) | | :--- | :--- | :--- | | Current Assets | 59.3 | 59.6 | - The Group maintains a net cash position, and management believes its financial resources are ample[41] Pledge of the Group's Assets As of June 30, 2025, the Group had no assets pledged - As of June 30, 2025, the Group had no assets pledged[42] Capital Structure The Company's capital structure consists solely of ordinary shares, with HK$20.0 million in issued share capital comprising 2,000,000,000 shares - The Company's capital structure comprises only ordinary shares[43] Capital Structure | Indicator | June 30, 2025 | | :--- | :--- | | Issued share capital | 20.0 HK$ million | | Number of issued shares | 2,000,000,000 shares | | Par value per share | 0.01 HK$ | Capital Commitments and Contingent Liabilities As of June 30, 2025, the Group had no significant capital commitments or contingent liabilities - As of June 30, 2025, the Group had no significant capital commitments or contingent liabilities[44] Business Review and Prospects This section provides an overview of the Group's business performance during the period and outlines future strategies and outlook for its core operations Segment Information The Group's business segment performance analysis is detailed in Note 3 of this interim results announcement - The Group's performance analysis by business segment is presented in Note 3[45] Material Acquisitions and Disposals The Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period - There were no material acquisitions or disposals during the reporting period[46] Business Review Global economic weakness led to an 8.3% total revenue decrease to HK$18.9 million, prompting cost-saving measures and software upgrades to enhance operational resilience - Global economic weakness, inflationary pressures, and geopolitical uncertainties continued to affect business and consumption[47] Changes in Segment Revenue | Segment | H1 2025 (HK$ million) | H1 2024 (HK$ million) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Online Backup Software and Related Services | 16.2 | 17.9 | -9.5% | | Information Platform | 2.66 | 2.69 | -1.1% | | Total Revenue | 18.9 | 20.6 | -8.3% | - The Group implemented comprehensive cost-saving measures and continued to introduce upgraded features to enhance user experience[48] Prospects The Group will enhance its core backup business with new features and pricing adjustments, while its information platform, KINBOY, will leverage AI for improved horse racing predictions and multimedia content - Ahsay will continue to strategically focus on strengthening its core backup software business in continuously evolving markets[49] - The information platform KINBOY will leverage its AI engine to analyze large datasets, generate race predictions, and improve tip accuracy[52] Core Backup Business The core backup business will launch version 10.1 with "Immutable Backup" and "Restore Drill" features, expanding platform support and adjusting pricing to promote AMBaaS - The recent launch of version 10.1 introduces "Immutable Backup" functionality, protecting backup data from tampering, deletion, or ransomware attacks[49] - The "Restore Drill" feature regularly verifies the recoverability of backup data, assisting clients in complying with regulatory and disaster recovery standards[49] - The business model adjusts pricing structures and bundling options, shifting from bulk licenses to flexible subscription plans, and increasing interest in Ahsay Managed Backup as a Service (AMBaaS)[50] Information Platform The information platform, primarily KINBOY, offers AI-powered horse racing predictions and multimedia content to enhance user engagement, with KINTIPS contributing less revenue - KINBOY is an all-in-one online platform for horse racing information, offering both free and paid membership services[52] - The "AI Tips" feature utilizes extensive local and international datasets to analyze variables such as horse past performance, jockey statistics, track conditions, and betting patterns, generating race predictions[52] - KINBOY incorporates multimedia features such as tip videos and interactive content, providing an immersive experience[52] Corporate Governance and Other Information This section covers corporate governance practices, including directors' and major shareholders' interests, compliance with codes, employee policies, and audit committee activities Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures Controlling shareholders were deemed to hold interests in 1,500,000,000 shares, representing 75.0% of issued shares, with no other significant interests or short positions reported by directors Directors' Long Positions in Shares | Name of Director | Capacity/Nature of Interest | Number of Shares | Approximate Percentage of Total Shares | | :--- | :--- | :--- | :--- | | Mr. Chuang King Fan | Interest of spouse | 1,500,000,000 | 75.0% | | Mr. Chuang Siu Pui | Interest in controlled corporation | 1,500,000,000 | 75.0% | | Mr. Chuang Siu Ling | Interest in controlled corporation | 1,500,000,000 | 75.0% | - All Divine Investments Limited holds 1,500,000,000 long position shares, representing 75% of the issued shares[54] - All Divine is wholly owned by Able Future Investments Limited, which is owned by Ms. Chuang Lee Sau Fong, Mr. Chuang Siu Pui, and Mr. Chuang Siu Ling with 40%, 30%, and 30% equity interests respectively[54] Substantial Shareholders' and Other Persons' Interests and Short Positions in Shares, Underlying Shares and Debentures Several substantial shareholders and other persons were deemed to hold interests in 1,500,000,000 shares, representing 75.0% of the issued shares Substantial Shareholders' Long Positions in Shares | Name of Shareholder/Person | Capacity/Nature of Interest | Number of Shares | Approximate Percentage of Total Shares | | :--- | :--- | :--- | :--- | | All Divine | Beneficial owner | 1,500,000,000 | 75.0% | | Able Future | Interest in controlled corporation | 1,500,000,000 | 75.0% | | Ms. Chuang Lee Sau Fong | Interest in controlled corporation | 1,500,000,000 | 75.0% | | Ms. Ng Shui Fong | Interest of spouse | 1,500,000,000 | 75.0% | | Ms. Lee Yin Heung | Interest of spouse | 1,500,000,000 | 75.0% | - Ms. Ng Shui Fong, spouse of Mr. Chuang Siu Pui, and Ms. Lee Yin Heung, spouse of Mr. Chuang Siu Ling, are deemed to have interests under the Securities and Futures Ordinance[57] Directors' Rights to Acquire Shares or Debentures No directors, chief executives, or their close associates held or exercised any rights to acquire Company shares or related shares during the reporting period - During the reporting period, no directors, chief executives, or their close associates held or exercised any rights to subscribe for shares or related shares in the Company and/or its associated corporations[58] Directors' and Controlling Shareholders' Interests in Competing Businesses Directors were unaware of any competing businesses or interests held by directors, controlling shareholders, or their close associates during the reporting period - Directors were unaware of any business or interest of the directors, controlling shareholders, and their close associates that competes or may compete with the Group's business[59] Compliance with the Code of Conduct for Directors' Securities Transactions The Group adopted a stringent code of conduct for directors' securities transactions, which all directors confirmed compliance with during the reporting period - The Group has adopted a stringent code of conduct for directors' securities transactions, and each director confirmed compliance[60] Compliance with the Corporate Governance Code The Company maintained high corporate governance standards, complying with all code provisions of the GEM Listing Rules' Corporate Governance Code during the reporting period - The Company has complied with all code provisions of the Corporate Governance Code set out in Appendix 15 of the GEM Listing Rules throughout the reporting period[61] Share Option Scheme The Company adopted a share option scheme on September 4, 2015, but no options have been granted since its adoption - The Company adopted a share option scheme on September 4, 2015, but no share options have been granted since its adoption[62] Employees and Remuneration Policy The Group had 56 employees with total directors' and staff costs of HK$14.6 million, implementing a remuneration policy based on performance and providing training without significant labor disputes Employees and Remuneration | Indicator | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Number of employees | 56 | 70 | | Total directors' and staff costs (HK$ million) | 14.6 | 15.2 | - Remuneration is determined with reference to the duties, responsibilities, experience, performance, and capabilities of individual employees and directors[63] - The Group provides various training to its employees and experienced no strikes, work stoppages, or significant labor disputes affecting operations during the reporting period[64] Purchase, Redemption or Sale of the Company's Listed Securities Neither the Company nor its subsidiaries purchased, redeemed, or sold any of the Company's listed securities during the reporting period - During the reporting period, neither the Company nor its subsidiaries purchased, redeemed, or sold any of the Company's listed securities[65] Audit Committee The Audit Committee, comprising independent non-executive directors, reviewed and confirmed the interim financial information's compliance with accounting standards and regulations - The Audit Committee's terms of reference comply with the GEM Listing Rules and the Corporate Governance Code[66] - The Audit Committee members are Mr. Poon Chung Sang (Chairman), Mr. Kwok Chi Wah, and Ms. Wong Pui Man, all of whom are independent non-executive directors[66] - The Audit Committee has reviewed this interim financial information and is satisfied that it complies with applicable accounting standards and regulations[66] Board Approval This section confirms the Board's approval of the interim results announcement and lists the Board members as of the announcement date By Order of the Board This announcement was issued by Mr. Chuang Siu Ling, Chairman and Executive Director, on August 8, 2025, listing the Board members as of that date - This announcement was issued by Mr. Chuang Siu Ling, Chairman and Executive Director, on August 8, 2025[67][68] - The Board members include Executive Directors Mr. Chuang Siu Ling, Mr. Chuang Siu Pui, and Mr. Chuang King Fan; Non-executive Director Ms. Chuang Siu Fun; and Independent Non-executive Directors Mr. Kwok Chi Wah, Mr. Poon Chung Sang, and Ms. Wong Pui Man[68]