Revenue Performance - The group reported revenue of HKD 9,736,000 for the three months ended September 30, 2023, representing a 10.4% increase compared to HKD 8,820,000 in the same period of 2022[5]. - For the nine months ended September 30, 2023, the group achieved revenue of HKD 28,974,000, up 6.6% from HKD 27,193,000 in the prior year[5]. - Total revenue for the nine months ended September 30, 2023, was HKD 28,974,000, an increase of 6.6% compared to HKD 27,193,000 for the same period in 2022[13]. - Revenue from installation and customization services increased significantly by approximately 160.1%, from about HKD 1.5 million to approximately HKD 3.8 million for the nine months ended September 30, 2023[34]. - Revenue from frontend trading services decreased by approximately 5.8%, from about HKD 13.9 million to approximately HKD 13.1 million for the nine months ended September 30, 2023[34]. - Revenue from cloud management services decreased by approximately 10.7%, from about HKD 2.39 million to approximately HKD 2.1 million for the nine months ended September 30, 2023[34]. - Revenue from backend settlement services increased by approximately 0.5%, from about HKD 7.8 million to approximately HKD 7.9 million for the nine months ended September 30, 2023[34]. - Front-end trading solution service revenue for the three months ended September 30, 2023, was HKD 4,338,000, a decrease of 5.0% from HKD 4,568,000 in the same period of 2022[13]. - Revenue from the Hong Kong market for the nine months ended September 30, 2023, was HKD 25,895,000, a decrease of 1.6% from HKD 26,316,000 in the same period of 2022[15]. Profit and Loss - The group recorded a net loss attributable to owners of HKD 199,000 for the three months ended September 30, 2023, compared to a loss of HKD 320,000 in the same period of 2022[5]. - The operating profit for the nine months ended September 30, 2023, was HKD 1,453,000, an increase of 43.5% from HKD 1,012,000 in the previous year[5]. - The profit attributable to the company's owners for the nine months ended September 30, 2023, was approximately HKD 1.4 million, representing an increase of about 51.2% from approximately HKD 0.9 million for the same period in 2022[31]. - The group's pre-tax profit for the nine months ended September 30, 2023, was approximately HKD 1.4 million, an increase of about 51.0% compared to approximately HKD 0.9 million for the same period in 2022[36]. - The company reported a loss of HKD 1,115,000 from financial assets at fair value through profit or loss for the nine months ended September 30, 2023, compared to a loss of HKD 2,639,000 in the same period of 2022[17]. - The group’s total comprehensive loss for the three months ended September 30, 2023, was HKD 330,000, compared to a loss of HKD 2,417,000 in the same period of 2022[5]. Operating Expenses - The group incurred total operating expenses of HKD 17,621,000 for the nine months ended September 30, 2023, slightly up from HKD 17,168,000 in the same period of 2022[5]. - Total operating expenses for the nine months ended September 30, 2023, were HKD 7,509,000, an increase of 39.5% from HKD 5,377,000 in the same period of 2022[18]. - Other operating expenses for the nine months ended September 30, 2023, were approximately HKD 7.5 million, an increase of about 39.7% compared to approximately HKD 5.4 million for the same period in 2022, primarily due to an increase in foreign exchange losses of about HKD 1.0 million[41]. - Employee costs increased by approximately HKD 0.5 million for the nine months ended September 30, 2023, compared to HKD 17.2 million for the same period in 2022[39]. Other Income and Financing Costs - The group reported a decrease in other income to HKD 385,000 for the three months ended September 30, 2023, down from HKD 539,000 in the same period of 2022[5]. - Other income for the nine months ended September 30, 2023, totaled HKD 833,000, a decrease of 6.9% compared to HKD 895,000 for the same period in 2022[17]. - The group’s other income for the nine months ended September 30, 2023, was approximately HKD 895,000, compared to approximately HKD 833,000 for the same period in 2022, mainly due to an increase in interest income[37]. - The group’s financing costs decreased to HKD 17,000 for the three months ended September 30, 2023, compared to HKD 27,000 in the same period of 2022[5]. Tax and Compliance - The company has not recognized any tax provision for the nine months ended September 30, 2023, due to no taxable profits being generated during the period[22]. - Income tax expense for the nine months ended September 30, 2023, was zero, a decrease from approximately HKD 1,000 for the same period in 2022, due to the carryforward of tax losses from 2022[42]. - The company has complied with the corporate governance code as per GEM Listing Rules during the nine months ended September 30, 2023[61]. - The audit committee has reviewed the unaudited consolidated financial results for the nine months ended September 30, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[66]. Share and Incentive Plans - The company has not granted any share options under the share option scheme adopted on January 22, 2019, and the total number of share options available for grant as of September 30, 2023, was 123,000,000[53]. - As of September 30, 2023, the trustee held 88,280,000 shares under the share incentive plan, representing approximately 7.18% of the company's issued share capital[56]. - A total of 9,280,000 incentive shares were granted to 45 selected individuals on January 20, 2022, with 980,000 shares vesting immediately and the remainder vesting on December 31, 2022, and December 31, 2023[56]. - The maximum number of shares that can be granted to any individual under the share incentive plan is capped at 1% of the company's issued share capital[55]. - No shares were purchased by the trustee on the stock exchange during the nine months ended September 30, 2023[58]. - No incentive shares were granted beyond individual limits, nor were any shares granted to related entities or suppliers[59]. Future Outlook - The group plans to continue focusing on market expansion and new product development to drive future growth[5]. - The company is currently assessing the impact of new and revised Hong Kong Financial Reporting Standards that will take effect from January 1, 2023[12]. - The company has not engaged in any business that competes directly or indirectly with its operations as of September 30, 2023[60].
电子交易集团(08036) - 2023 Q3 - 季度财报