Financial Performance - Total revenue decreased from approximately HKD 23,089,000 for the three months ended March 31, 2022, to approximately HKD 19,995,000 for the three months ended March 31, 2023[4]. - Profit attributable to owners increased by approximately 354% to HKD 3,034,000 for the three months ended March 31, 2023, compared to a loss of HKD 1,196,000 for the same period in 2022[4]. - Earnings per share for the three months ended March 31, 2023, was approximately HKD 1.08, compared to a loss per share of HKD 0.43 for the same period in 2022[4]. - Other income increased significantly to HKD 3,586,000 for the three months ended March 31, 2023, from HKD 1,000 for the same period in 2022[6]. - Operating profit for the three months ended March 31, 2023, was HKD 3,230,000, compared to an operating loss of HKD 896,000 for the same period in 2022[6]. - The total revenue for the three months ended March 31, 2023, decreased to approximately HKD 20,000,000 from approximately HKD 23,100,000 for the same period in 2022, primarily due to a decline in revenue from financial services[32]. - The net loss attributable to the company's owners decreased from approximately HKD 1,200,000 for the three months ended March 31, 2022, to a profit of approximately HKD 3,000,000 for the same period in 2023, mainly due to the recovery of receivables and reduced employee benefits expenses[33]. Employee Expenses - Employee benefit expenses decreased from HKD 19,841,000 in 2022 to HKD 16,651,000 in 2023, reflecting a reduction of approximately 16.5%[6]. - Employee benefit expenses decreased from approximately HKD 19,800,000 for the three months ended March 31, 2022, to approximately HKD 16,700,000 for the same period in 2023, attributed to a reduction in the hiring of personnel for dispatch services[32]. Dividends - The company did not recommend the declaration of an interim dividend for the three months ended March 31, 2023, compared to no dividend declared in 2022[4]. - The company does not recommend the payment of any interim dividend for the three months ended March 31, 2023, consistent with the previous year[20]. Financial Services Segment - The financial services segment revenue decreased from HKD 2,667,000 in 2022 to HKD 779,000 in 2023, a decline of approximately 70.8%[11]. Tax and Other Expenses - The income tax expense for the three months ended March 31, 2023, was HKD 168,000, down from HKD 253,000 in 2022, representing a decrease of approximately 33.6%[15]. - Other operating expenses increased from approximately HKD 2,500,000 to approximately HKD 3,000,000, mainly due to increased subcontracting and leasing costs[32]. - Depreciation and amortization expenses decreased from approximately HKD 1,700,000 to approximately HKD 600,000 for the same periods[32]. - Financial costs decreased from approximately HKD 47,000 to approximately HKD 28,000 for the same periods[32]. Management Outlook - The management is optimistic about the gradual recovery of the local economy and aims to reform the cost structure while focusing on business growth in 2023[24]. - The company continues to focus on expanding its system solutions business and has increased its software development team to meet additional demand[22]. - The company is addressing labor shortages caused by population outflow and aging by allocating additional resources and enhancing recruitment capabilities[21]. Shareholder Information - As of March 31, 2023, the major shareholder, Wan Shi Da Enterprises Limited, holds 210,000,000 shares, representing approximately 75% of the issued share capital[47]. - The average number of issued ordinary shares remained constant at 280,000,000 shares for both periods[16]. Compliance and Agreements - The audit committee reviewed the unaudited interim results for the three months ended March 31, 2023, and confirmed compliance with Hong Kong accounting policies and legal requirements[50]. - The company has established a non-competition agreement to protect the interests of the company and its shareholders[39]. - The company has committed to not engaging in any business that may compete with its existing operations during the term of the non-competition agreement[41]. - Covenantors are required to notify the company of any new business opportunities related to restricted businesses within three business days[43]. - The company has received written notifications from all covenantors regarding any new business opportunities that may compete with the existing business as of December 31, 2022[43]. - The company has no knowledge of any directors or major shareholders holding interests in any competing businesses as of March 31, 2023[44]. - The company has no directors or senior management holding any interests in the company's shares or related securities that require disclosure under the Securities and Futures Ordinance as of March 31, 2023[46]. - The company has no knowledge of any other individuals holding interests in the company's shares that require disclosure under the Securities and Futures Ordinance as of March 31, 2023[49]. Securities and Bonds - The company has a convertible bond with a principal amount of HKD 9,500,000, convertible at a price of HKD 0.608 per share, which will result in the issuance of 15,625,000 shares upon full conversion[49]. - There were no repurchases of listed securities by the company or its subsidiaries during the three months ended March 31, 2023[53]. - The company has not issued any new shares to existing shareholders as there are no provisions for preemptive rights in its articles of association or Cayman Islands law[51].
易通讯集团(08031) - 2023 Q1 - 季度财报