Financial Performance - Revenue for the three-month period was HKD 88,453,000, a decrease of approximately 21.02% compared to HKD 111,990,000 in the first quarter of 2021[4] - Gross profit was HKD 15,325,000, with a gross margin of 17.33%, while the net loss for the period was HKD 6,227,000 compared to a profit of HKD 1,163,000 in the same period last year[4] - The company reported a basic loss per share of HKD 0.89 for the current period compared to a profit of HKD 0.50 in the same period last year[8] - The company’s financing income for the period was HKD 819,000, with financing costs of HKD 30,000[6] - The company reported a net loss of HKD 6,227,000 for the quarter, compared to a net profit of HKD 1,163,000 in the same period last year[39] - The gross profit recorded was HKD 15,325,000, resulting in a gross margin of only 17.33% due to intense competition in the gaming sector[39] - The basic loss per share from continuing operations was HKD (0.89) for the three months ended March 31, 2021, compared to HKD 0.50 in the previous year[15] - The diluted loss per share from continuing operations was HKD (0.88) for the three months ended March 31, 2021, compared to HKD 0.50 in the previous year[21] Contract and Revenue Sources - Total contract value obtained from the Macau government and other vertical market clients reached HKD 45,300,000, while contracts in the Hong Kong market were valued at HKD 11,600,000[4] - The total contract value obtained in the three-month period was approximately HKD 105,400,000, a decrease of 8.35% compared to the first quarter of 2021[30] - The company secured contracts worth HKD 45,300,000 from the Macau government and other vertical markets during the three-month period[32] - The company secured contracts worth HKD 11,600,000, with over 90% related to software-defined wide area networks and data network infrastructure for telecom service providers in Hong Kong[34] - In the mainland China market, the company obtained contracts totaling HKD 28,200,000 during the quarter, a decrease from HKD 45,000,000 in Q1 2021, with over 60% coming from a leading internet value-added service provider[36] Market Impact - The business growth momentum in mainland China was impacted by the Omicron variant, resulting in contracts valued at only HKD 28,200,000[4] - The number of inbound tourists in Macau dropped from 642,016 in January to 468,995 in March due to the impact of the Omicron variant[31] - The total revenue from the gaming sector decreased from HKD 22,920,000,000 in the first quarter of 2021 to HKD 17,231,000,000 in the same period[31] Corporate Actions and Structure - The company did not recommend the payment of an interim dividend for the three-month period[4] - The company did not recommend the payment of an interim dividend for the three-month period ended March 31, 2021[26] - Major shareholders hold 58.10% of the company's issued share capital, totaling 357,945,500 shares[48] - The company did not repurchase any shares during the three-month period ending March 31, 2022[52] - No shares were bought or sold by the company or its subsidiaries during the same period[52] - The company has not disclosed any competitive business interests among its directors or major shareholders[50] - The company is indirectly wholly owned by Vodatel Holdings Limited, registered in the British Virgin Islands[57] - José Manuel dos Santos is the chairman of the board and holds significant influence over the company[57] - The company has a stock option plan approved at the annual general meeting held on June 22, 2012[57] - The company operates under the regulations of the GEM market in Hong Kong[56] - The company has no reported interests in businesses that compete or may compete with its operations[50] Subsidiary Developments - The establishment of a new subsidiary, Meta-V, in Hong Kong, which signed its first management service contract with a leading mobile supplier[4] - The subsidiary Meta-V was established in December 2021 to assist enterprises in transitioning to a "pay-as-you-go" model for IT infrastructure investments[35] Cost Management - The company implemented cost control measures, reducing sales, marketing, and administrative expenses to HKD 22,427,000 from HKD 23,964,000 in Q1 2021[39] - The performance of TTSA has shown continuous improvement, with net profit increasing for four consecutive quarters[4] - TTSA's revenue increased slightly to HKD 47,764,000 from HKD 45,966,000 in Q1 2021, marking the fourth consecutive quarter of growth[38] Capital Structure - The net asset value of the group as of March 31, 2022, was HKD 174,562,000, with cash and cash equivalents amounting to HKD 115,943,000[4] - The company maintained a strong capital structure with no external borrowings, holding cash and cash equivalents totaling HKD 115,943,000, representing approximately 33.07% of total assets[40]
爱达利网络(08033) - 2022 Q1 - 季度财报