Financial Performance - Revenue for the first quarter of 2023 was HKD 2,466,000, a decrease of 28% compared to HKD 3,419,000 in the same period of 2022[2] - The company reported a loss before tax of HKD 3,774,000 for the first quarter of 2023, compared to a loss of HKD 2,310,000 in the same period of 2022[2] - The loss attributable to owners of the company for the first quarter of 2023 was HKD 3,223,000, compared to HKD 2,310,000 in the same period of 2022[4] - Basic and diluted loss per share for the first quarter of 2023 was HKD 0.17, compared to HKD 0.12 in the same period of 2022[4] - Total comprehensive loss for the first quarter of 2023 was HKD 3,774,000, compared to HKD 2,310,000 in the same period of 2022[2] - For the three months ended March 31, 2023, the company reported a loss attributable to shareholders of HKD 3,223,000, compared to a loss of HKD 2,310,000 for the same period in 2022[28] - The company’s accumulated losses as of March 31, 2023, were HKD 98,646,000, compared to HKD 88,560,000 a year earlier[36] Revenue Breakdown - Revenue from enterprise software products was HKD 2,096,000, down from HKD 2,540,000 in the same period of 2022, representing a decrease of 17.5%[14] - Revenue from professional services dropped significantly to HKD 130,000 from HKD 879,000, a decline of 85.2% year-over-year[14] - Revenue from information technology products and services decreased to HKD 2,226,000, down 35% from HKD 3,419,000 in the previous year, with enterprise software sales declining by 17% to HKD 2,096,000[37] - The company did not report any revenue from gold and jewelry product sales during the first quarter of 2023[14] - The company recorded no sales in gold and jewelry products during the first quarter of 2023, reflecting a strategic reduction in high-cost professional services[38] Tax and Financial Reporting - The company has not made any provisions for Hong Kong profits tax due to tax losses incurred during the period[22] - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, with no significant impact from the adoption of new standards[12] Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules during the reporting period[54] - The audit committee reviewed the financial reporting process and internal control systems, ensuring compliance with applicable accounting standards[56] - The company has established a remuneration committee to oversee compensation matters, consisting of independent non-executive directors[57] - The nomination committee was formed to define its specific responsibilities, ensuring compliance with GEM listing rules[59] - All directors confirmed compliance with the trading standards for securities transactions during the reporting period[60] - There are no significant competitive business interests held by directors or management that could pose a conflict with the company's operations[61] - The company is committed to maintaining reliable corporate governance practices to protect shareholder interests[54] - The board of directors includes a mix of executive and independent non-executive members, ensuring diverse oversight[63] Market Outlook - The economic growth in mainland China for the first quarter of 2023 was 4.5%, exceeding market expectations of 4.0%[39] - The company maintains a cautiously optimistic outlook, expecting to benefit from domestic consumption stimulus measures[46] - The average gold price increased by 8% to USD 1,978 per ounce by the end of the first quarter of 2023[44] Shareholder Information - Major shareholders include Haitong Investment Limited with 41.29% and Shengyu Limited with 7.67% of the issued share capital[50] - The company did not declare any dividends for the three months ended March 31, 2023, consistent with the previous year[36] - The company reported its unaudited consolidated performance for the three months ending March 31, 2023, with no specific financial figures disclosed in the provided content[56] - There were no purchases, sales, or redemptions of the company's listed securities during the review period[63]
御德国际控股(08048) - 2023 Q1 - 季度财报