Financial Performance - Revenue for the nine months ended December 31, 2022, was HKD 80,916,000, a decrease from HKD 82,578,000 for the same period in 2021, representing a decline of approximately 2%[4] - Other income and gains for the nine months ended December 31, 2022, totaled HKD 3,635,000, down from HKD 3,884,000 in 2021, reflecting a decrease of about 6.4%[4] - The company reported a loss before tax of HKD 5,376,000 for the nine months ended December 31, 2022, compared to a profit of HKD 50,687,000 in the same period of 2021, indicating a significant decline[4] - The net loss for the nine months ended December 31, 2022, was HKD 6,116,000, compared to a profit of HKD 42,578,000 in the previous year, marking a substantial decrease[4] - The company recorded a total comprehensive income of HKD 1,825,000 for the three months ended December 31, 2022, compared to HKD 11,278,000 for the same period in 2021, a decline of approximately 83.8%[4] - Basic and diluted loss per share for the nine months ended December 31, 2022, was HKD (0.16), compared to earnings of HKD 0.45 for the same period in 2021[4] - The company reported a net loss of HKD 1,491,000 for the three months ended December 31, 2022, compared to a profit of HKD 6,568,000 for the same period in 2021[29] - For the nine months ended December 31, 2022, the net loss was HKD 4,611,000, down from a profit of HKD 12,646,000 in the previous year[29] - The group reported a total loss of approximately HKD 6,116,000 for the nine months ended December 31, 2022, compared to a profit of HKD 42,578,000 for the same period in 2021, reflecting a decrease of 114% due to the absence of high-grade copper-nickel product sales[46] Segment Performance - The mining and metals business reported a loss of HKD 3,245,000, while the software and innovation business generated a profit of HKD 104,000, resulting in a total segment loss of HKD 3,141,000[15] - The external sales for the software and innovation business decreased significantly from HKD 363,000 in the previous year to HKD 160,000[17] - The company did not recognize any revenue from the sale of high-grade copper-nickel ore during the nine months ended December 31, 2022, compared to HKD 80,553,000 in the previous year[17] - The mining and metals segment reported a loss of approximately HKD 3,245,000 for the nine months ended December 31, 2022, compared to a profit of HKD 45,398,000 for the same period in 2021, marking a decrease of 107% due to no sales of copper-nickel products[45] - The software and innovation segment generated a revenue of approximately HKD 160,000, down from HKD 363,000 for the same period in 2021, with a segment profit of approximately HKD 104,000 compared to HKD 199,000 in the previous year[40] Operating Expenses - Total operating expenses for the nine months ended December 31, 2022, were HKD 3,615,000, down from HKD 10,369,000 in 2021, reflecting a decrease of approximately 65.1%[4] - Employee benefits expenses for the nine months were HKD 5,186,000, a decrease of 45.8% from HKD 9,843,000 in the same period last year[26] - The company incurred rental and office expenses of HKD 606,000 for the nine months, an increase from HKD 487,000 in the previous year[31] Investments and Future Plans - The company has engaged in various investment projects, including e-sports event services and smart agriculture solutions, indicating a strategy for market expansion and diversification[8] - The group is optimistic about the nickel market outlook, driven by China's economic growth and demand from the automotive and real estate sectors, with plans to expedite mining license renewals and resource verification reports[42] - The group aims to commence mining operations at the Baishiquan copper-nickel mine phase II by the second quarter of 2025, maintaining its focus on this development despite delays caused by the COVID-19 pandemic[42] Shareholding and Corporate Governance - As of December 31, 2022, the total shares held by executive director Chen Yihui amounted to 837,202,400, representing 29.76% of the company's total shares[48] - Starmax Holdings Limited, beneficially owned by Chen Yihui, holds 678,074,400 shares, accounting for 24.11% of the issued share capital[55] - Chen Yihui holds a 49% equity interest in Goffers Management Limited and a 100% interest in Kangshun Hong Kong Limited[50] - The company has not granted any stock options under its stock option plan during the nine months ending December 31, 2022[52] - No stock options were exercised during the nine months ending December 31, 2022[52] - The company has a total of 7,000,000 unexercised stock options as of December 31, 2022[52] - The company has not entered into any new contracts related to infrastructure projects and subcontracting arrangements as of December 31, 2022[39] - The company did not purchase, sell, or redeem any of its listed securities during the review period[58] - The company has no other disclosures regarding interests or short positions in its shares or related securities as of December 31, 2022[55] Audit and Compliance - The Audit Committee is responsible for reviewing and monitoring the financial reporting process, internal controls, and risk management systems of the group[59] - The committee includes three independent non-executive directors, ensuring oversight of the financial statements and compliance with regulations[59] - The committee has reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2022[59]
天时资源(08028) - 2023 Q3 - 季度财报