Financial Performance - The group's unaudited consolidated revenue from continuing operations for the three months ended March 31, 2023, was approximately HKD 4,407,000, representing a growth of about 21% compared to HKD 3,650,000 for the same period in 2022[4] - The unaudited consolidated loss attributable to owners from continuing and discontinued operations for the three months ended March 31, 2023, was approximately HKD 3,036,000, an improvement from HKD 3,862,000 for the same period in 2022[4] - The basic and diluted loss per share from continuing and discontinued operations for the three months ended March 31, 2023, was approximately HKD 0.06, compared to HKD 0.08 for the same period in 2022[6] - The gross profit for the three months ended March 31, 2023, was HKD 429,000, up from HKD 194,000 in the same period of 2022[5] - The total comprehensive loss for the three months ended March 31, 2023, was HKD 4,175,000, compared to HKD 5,646,000 for the same period in 2022[6] - The company reported a loss attributable to owners of the company of HKD 3,036,000 for the three months ended March 31, 2023, compared to a loss of HKD 3,862,000 for the same period in 2022, indicating a reduction in losses[20] - The group reported a consolidated loss attributable to the owners of approximately HKD 3,036,000 for the three months ended March 31, 2023, a decrease of about 14% from HKD 3,534,000 in the same period of 2022[33] Revenue and Business Segments - For the three months ended March 31, 2023, the company's revenue from smart retail business was approximately HKD 4,407,000, an increase from HKD 3,650,000 for the same period in 2022, reflecting a growth driven by the recovery of the Chinese economy post-COVID-19[26] - The group has terminated its fintech services and sports training businesses, which did not generate any revenue for the three months ended March 31, 2023, compared to HKD 66,000 for the sports training business in the same period of 2022[29][30] Expenses and Cost Management - Administrative expenses decreased to HKD 3,821,000 for the three months ended March 31, 2023, from HKD 4,139,000 in the same period of 2022[5] - The total employee costs for the first quarter of 2023 amounted to HKD 3,630,000, a decrease of 13% compared to HKD 4,175,000 in the same period of 2022[16] - The total sales and service costs and administrative expenses for the first quarter of 2023 were HKD 7,799,000, slightly higher than HKD 7,595,000 in the same period of 2022[16] - The financial costs for the three months ended March 31, 2023, were HKD 8, significantly reduced from HKD 99,000 in the same period of 2022[11] - The company incurred external technical service fees of HKD 2,984,000 in the first quarter of 2023, an increase from HKD 2,104,000 in the same period of 2022[16] - The company’s depreciation expenses for right-of-use assets decreased to HKD 257,000 in the first quarter of 2023 from HKD 370,000 in the same period of 2022[16] Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code as per GEM listing rules, except for the separation of roles between the Chairman and CEO, which are currently held by the same individual, Mr. Sun Haitao[46] - The audit committee has reviewed the unaudited consolidated results for the three months ending March 31, 2023, confirming compliance with applicable accounting standards and GEM listing rules[48] Strategic Focus and Future Plans - The group plans to focus on the development of cloud services as traditional enterprises increasingly migrate to the cloud, while closely monitoring its lottery business for potential discontinuation due to ongoing losses[35] - The group is implementing cost-saving measures that contributed to the improvement in the performance of its smart retail business[33] - The group is concentrating its resources on growth potential businesses, indicating a strategic shift away from underperforming sectors[35] Share Capital and Structure - The total number of issued shares as of March 31, 2023, remained at 4,686,048,381 shares, with a par value of HKD 0.005 per share[34] - As of March 31, 2023, the total number of issued shares is 4,686,048,381, with significant shareholders including Mr. Wang Yonghua and Tiantu Investments, each holding 365,000,000 shares, representing 7.79% of the total shares[44] Other Information - The company did not declare any interim dividend for the three months ended March 31, 2023, consistent with the same period in 2022[25] - The company has not reported any significant events after March 31, 2023, up to the date of this report[24] - The group has not yet applied the newly issued but not yet effective Hong Kong Financial Reporting Standards, and is currently assessing their impact[8] - The group confirmed a gain of approximately HKD 140,000 from the sale of its subsidiary in the sports training business during the first half of the fiscal year ending December 31, 2022[29]
中彩网通控股(08071) - 2023 Q1 - 季度财报