Financial Performance - The company reported revenue of HKD 85,399,000 for the first quarter of 2023, a decrease of 3.45% compared to HKD 88,453,000 in the same period of 2022[4] - The operating loss for the period widened to HKD 12,315,000, compared to an operating loss of HKD 7,019,000 in the first quarter of 2022[8] - The net loss for the period was HKD 10,619,000, compared to a net loss of HKD 6,227,000 in the same quarter of the previous year[8] - The basic loss per share for the period was HKD 0.0172, compared to HKD 0.0089 in the same period last year[10] - The loss for the quarter expanded to HKD 10,619,000 due to a weak revenue base and increased sales, marketing, and administrative expenses[35] Contracts and Revenue Generation - The company secured contracts worth HKD 28,700,000 from the Macau government and other vertical market clients during the period[7] - The mainland China team obtained contracts valued at HKD 21,800,000, with 65% of the total value attributed to software-defined wide area network infrastructure[7] - The total contract value obtained in Macau, Hong Kong, and mainland China during the three-month period was HKD 83,300,000, a decrease of 19.47% compared to the first quarter of 2022[21] - The total contract value obtained in mainland China was HKD 21,800,000, down from HKD 23,100,000 in the first quarter of 2022[26] - The Macau team of Vodatel Holdings Limited secured new orders worth HKD 16,600,000 during the three-month period, focusing on upgrading and expanding existing monitoring systems[23] - The Hong Kong team successfully obtained new contracts valued at HKD 13,500,000, an increase of 17.95% compared to the same period last year[24] Cash and Financial Position - The company has a cash balance and financial instruments valued at HKD 102,838,000 as of March 31, 2023[7] - As of March 31, 2023, cash and cash equivalents totaled HKD 102,838,000, representing approximately 28.18% of the company's total assets[35] - The company's equity base remained stable at HKD 199,796,000 as of March 31, 2023[35] - The company continues to maintain a solid capital structure with no external borrowings[35] Shareholder Information - The company reported a total shareholding of 357,945,500 shares, representing approximately 58.10% of the issued share capital as of March 31, 2023[79] - José Manuel dos Santos holds full ownership of ERL, which is the entity holding the shares[79] - The company did not repurchase any shares during the three-month period ending March 31, 2023[61] - There were no purchases or sales of shares by the company or its subsidiaries during the same period[61] Strategic Developments - The company entered into a conditional sale agreement with the East Timor government to acquire a 57.06% stake in TTSA for HKD 42,702,000 in cash, along with assuming debts valued at over HKD 123,005,000[4] - The company is closely monitoring developments regarding the approval of the transaction by the East Timor Audit Office[33] - The company is focused on expanding its market presence in East Timor through Timor Telecom, S.A.[72] - The company is committed to developing new technologies and products to enhance its service offerings[72] Regulatory Compliance - The company is subject to the regulations set forth by the Hong Kong Stock Exchange and the GEM listing rules[72] - The company aims to maintain compliance with the Securities and Futures Ordinance as amended from time to time[72] Operational Challenges - The company has a backlog of over HKD 70,000,000 in the delivery of switches and high-end routers, with only slight improvement in delivery times[4] - The delivery period for over HKD 70,000,000 worth of switches and high-end routers has only slightly improved, impacting revenue generation[34] - Sales, marketing, and administrative expenses increased by over HKD 3,000,000 due to employee travel for various supplier events and client visits[30] - The company wrote off HKD 2,353,000 of additional tier 1 bonds following an announcement by the Swiss Financial Market Supervisory Authority[30] Gaming Revenue - The total revenue from gaming in the three-month period reached HKD 33,584,000,000, nearly doubling from HKD 17,231,000,000 in the first quarter of 2022[22] - The gross profit margin slightly increased by 1.47 percentage points to 18.80%, despite competitive pressures in the gaming operations and software-defined networking sectors[34]
爱达利网络(08033) - 2023 Q1 - 季度财报