Financial Performance - Revenue for the three months ended December 31, 2022, was HK$4,399,000, a decrease of 48.3% compared to HK$8,513,000 in the same period of 2021[7]. - Gross profit for the nine months ended December 31, 2022, was HK$1,843,000, down 32.8% from HK$2,745,000 in the previous year[7]. - Loss before income tax for the three months ended December 31, 2022, was HK$4,741,000, compared to a loss of HK$5,952,000 in the same period of 2021, representing a 20.3% improvement[7]. - Total comprehensive expense for the nine months ended December 31, 2022, was HK$11,685,000, a reduction of 35.5% from HK$18,040,000 in the previous year[9]. - Basic loss per share for the three months ended December 31, 2022, was HK$0.32, compared to HK$0.39 in the same period of 2021[10]. - The company reported a loss for the period attributable to owners of the Company of HK$4,365,000 for the three months ended December 31, 2022, down from HK$5,234,000 in the previous year[9]. - Administrative expenses for the nine months ended December 31, 2022, were HK$14,288,000, a decrease of 33.4% from HK$21,647,000 in the same period of 2021[7]. - Other income for the three months ended December 31, 2022, was HK$181,000, an increase of 14.6% compared to HK$158,000 in the same period of 2021[9]. - For the nine months ended 31 December 2022, the Group reported a loss attributable to owners of the Company of approximately HK$10,682,000[26]. - The Group had net liabilities of approximately HK$8,443,000 as of 31 December 2022[26]. - The accumulated losses increased to HK$230,388,000 as of 31 December 2022[26]. Assets and Liabilities - As of 31 December 2022, the Group's current liabilities exceeded its current assets by approximately HK$9,229,000[26]. - The total comprehensive expense for the period was HK$11,003,000, which includes a loss of HK$10,682,000 and an exchange difference of HK$321,000[26]. - As at 31 December 2022, total equity attributable to owners of the Company was HK$296,000, reflecting a decrease from previous periods[26]. - The Group's share capital remained unchanged at HK$135,625,000 as of 31 December 2022[26]. - The translation reserve showed a slight improvement, with a balance of HK$5,468,000 as of 31 December 2022[26]. Business Developments - The Group plans to dispose of Guangzhou YBDS IT Co., Ltd., which had net liabilities of approximately HK$24,561,000 as of 31 December 2022[28]. - The Group signed a contract in October 2022 to provide multimedia short messaging services for a major telecommunications carrier in Guangdong Province, which is expected to be profitable[28]. - The Group is focusing on business transformation and diversification to capitalize on the growing digital economy in China, particularly in IT software and system development[70]. - The Group is shifting its business focus towards the operation of IT systems and developing value-added services such as SMS for businesses and selling wearable devices[73]. - The Group's initiatives aim to expand income sources and provide long-term business development momentum amid a challenging operating environment[109]. Market Trends - The electronic signature market in China is projected to grow from RMB15.28 billion in 2021 to RMB21.71 billion in 2022, and further to RMB40.42 billion in 2024[66]. - The market for electronic signature software in China is expected to reach US$91.0 million in 2022, growing at a compound annual growth rate of 26.4% from 2022 to 2026[66]. - The AI software and services market in China grew by 23.5% to RMB 106.44 billion in 2021 and is expected to exceed RMB 200 billion by 2024[69]. - The market for AI software and applications in China is anticipated to increase from USD 5.28 billion in 2021 to USD 6.6 billion in 2022[71]. Regulatory and Compliance - The Group's financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards[18]. - The unaudited condensed consolidated financial statements have been reviewed by the audit committee of the Company[25]. - The Audit Committee, established in May 2000, reviews the Group's audit findings and compliance with GEM Listing Rules[143]. - The unaudited consolidated results for the Reporting Period have been reviewed by the Audit Committee[144]. Shareholder Information - Mr. Ho Yeung held 18,083,500 ordinary shares, representing approximately 1.333% of the total issued ordinary shares of the Company as of December 31, 2022[121][123]. - Happy On was the beneficial owner of 987,888,771 ordinary shares, accounting for approximately 72.83% of the issued share capital as of December 31, 2022[127]. - The Company has 1,356,250,000 ordinary shares issued as of December 31, 2022[135]. - Mr. Chan is deemed to be interested in 987,888,771 shares held by Happy On, representing approximately 72.8% of the total shares[135].
量子思维(08050) - 2023 Q3 - 季度财报