Financial Performance - For the nine months ended December 31, 2022, the revenue was approximately HKD 103,456,000, a decrease of about 20% compared to HKD 130,024,000 for the same period in 2021[6]. - The loss attributable to equity holders for the nine months ended December 31, 2022, was approximately HKD 3,865,000, compared to a loss of approximately HKD 4,157,000 for the same period in 2021[6]. - For the third quarter ended December 31, 2022, the revenue was HKD 37,358,000, down from HKD 57,031,000 in the same quarter of 2021, representing a decline of approximately 34.5%[8]. - The gross profit for the nine months ended December 31, 2022, was HKD 5,897,000, compared to HKD 6,410,000 for the same period in 2021, reflecting a decrease of about 8%[8]. - The operating loss for the nine months ended December 31, 2022, was HKD 3,512,000, slightly improved from a loss of HKD 3,625,000 in the same period of 2021[8]. - The total comprehensive loss for the nine months ended December 31, 2022, was HKD 4,856,000, compared to a loss of HKD 3,270,000 for the same period in 2021[8]. - The basic loss per share for the nine months ended December 31, 2022, was HKD 1.18, compared to HKD 1.27 for the same period in 2021[16]. Revenue Breakdown - For the nine months ended December 31, 2022, the group's revenue was approximately HKD 103,456,000, a decrease of about 20% compared to HKD 130,024,000 in the same period last year[26]. - The CRM business revenue for the nine months ended December 31, 2022, was approximately HKD 58,715,000, down from HKD 75,101,000 in the same period last year[28]. - The rail transit business revenue was approximately HKD 44,741,000, a decrease of about 19% from HKD 54,923,000 in the previous year[28]. Expenses - Selling expenses increased by approximately 56% to HKD 7,408,000 compared to HKD 4,746,000 in the previous year[29]. - Administrative expenses decreased by approximately 25% to HKD 6,304,000 from HKD 8,387,000 in the previous year[30]. - Other operating expenses decreased by 33% to HKD 315,000 from HKD 471,000 in the previous year[31]. - The financial expenses for the nine months ended December 31, 2022, were HKD 353,000, down from HKD 520,000 in the same period of 2021[8]. Other Income - The company reported other income of HKD 4,618,000 for the nine months ended December 31, 2022, an increase from HKD 3,569,000 in the same period of 2021[8]. - Other income increased by 29% to HKD 4,618,000 compared to HKD 3,569,000 in the previous year, mainly due to higher foreign exchange income and interest income[31]. Dividends - The company did not recommend any dividend for the nine months ended December 31, 2022, consistent with the previous year[14]. Business Outlook - The company is optimistic about business recovery as the Chinese government adjusts COVID-19 prevention measures, which is expected to normalize business operations[25]. - The management team has implemented measures to mitigate the impact of COVID-19 on employee attendance and customer service[24]. Subscription Proceeds - The total amount raised from the 2016 subscription was HKD 80.0 million, with a net amount of approximately HKD 79.0 million after expenses[33]. - As of December 31, 2022, approximately HKD 67.3 million of the 2016 subscription proceeds had been utilized, primarily for urban rail transit business and smart city project development[33]. - The company plans to fully utilize the remaining 2016 subscription proceeds by March 31, 2025, subject to market conditions[35]. - The 2019 subscription raised a net amount of approximately HKD 40 million, with only HKD 4.6 million utilized by December 31, 2022, primarily for POS equipment procurement[36]. - The company anticipates utilizing the remaining 2019 subscription proceeds of approximately HKD 35.4 million by December 31, 2023, depending on market conditions[37]. - The remaining unutilized proceeds from the 2019 subscription have been deposited in the bank[38]. Project Delays - The CA-SIM technology upgrade and mobile application development for smart city projects have been delayed due to the need for 5G network compatibility[35]. - The ongoing impact of COVID-19 has caused delays in securing government support for smart city projects in potential pilot cities[35]. Shareholding Structure - The company holds a 0.32% stake in its own shares, with the largest shareholder owning 50.52%[40]. - As of December 31, 2022, major shareholders include Guo Jinghua with a personal stake of 38,749,356 shares (11.87%) and her spouse Li Jiancheng with 164,877,714 shares (50.52%)[43]. - Ever Prosper International Limited, owned by Li Jiancheng and Guo Jinghua, holds 25,465,320 shares, representing 7.80% of the company's equity[44]. - The company has not purchased, sold, or redeemed any of its own shares during the nine months ending December 31, 2022[49]. Governance and Compliance - The audit committee, consisting of independent non-executive directors, reviewed the unaudited results for the nine months ending December 31, 2022, and found them to be in compliance with applicable accounting standards[52]. - The company has adhered to the GEM Listing Rules and corporate governance code throughout the review period[48]. - No arrangements have been made for directors to profit from acquiring shares or debt securities of the company[46]. - There are no interests or short positions held by directors or major shareholders in any competing businesses[51]. - The company has established a set of ethical guidelines for securities trading, which comply with GEM Listing Rules[47]. - No individuals, other than disclosed, hold significant interests in the company's shares as of December 31, 2022[45]. - The company has maintained effective internal controls and risk management systems as per the audit committee's review[52].
国联通信(08060) - 2023 Q3 - 季度财报