Financial Performance - For the nine months ended March 31, 2023, the revenue was HK$30,307,000, a decrease of 32.6% compared to HK$45,071,000 for the same period in 2022[8]. - The gross profit for the nine months ended March 31, 2023, was HK$546,000, down from HK$3,688,000 in the previous year, representing a decline of 85.2%[8]. - The loss for the period attributable to owners of the Company was HK$20,791,000, compared to a loss of HK$42,623,000 for the same period in 2022, indicating an improvement of 51.2%[9]. - The total comprehensive expense for the period was HK$18,080,000, compared to HK$43,019,000 in the previous year, reflecting a reduction of 58.1%[9]. - The basic loss per share attributable to owners of the Company was HK$0.04 for the nine months ended March 31, 2023, compared to HK$0.09 for the same period in 2022[9]. - The loss from operations for the nine months ended March 31, 2023, was HK$19,418,000, an improvement from a loss of HK$42,509,000 in the previous year, representing a 54.3% reduction[8]. - The other income, gains and losses, net for the nine months ended March 31, 2023, was HK$146,000, compared to HK$2,661,000 in the previous year, a decrease of 94.5%[8]. - The company reported a loss of HK$32,871,000, compared to a loss of HK$20,791,000 for the same period in the previous year, indicating an increase in loss of approximately 58%[12]. - The total comprehensive expense for the period was HK$43,019,000, which includes a loss of HK$42,623,000 and other comprehensive expenses of HK$396,000[12]. - The company reported other comprehensive income of HK$2,711,000 for the period, which partially offset the losses incurred[12]. Revenue Breakdown - Revenue primarily comes from internet advertising agency services and digital assets business, although specific revenue figures were not disclosed in the provided content[26]. - Revenue from internet advertising agency services decreased to HK$3,815,000 for the nine months ended March 31, 2023, down 90.4% from HK$39,636,000 in the same period of 2022[29]. - Digitalization empowerment platform business revenue increased significantly to HK$26,492,000, compared to HK$5,435,000 in the previous year, representing a growth of 387.5%[29]. - Total revenue for the nine months ended March 31, 2023, was HK$30,307,000, a decrease of 32.8% from HK$45,071,000 in the same period of 2022[29]. Expenses and Costs - The administrative expenses for the nine months ended March 31, 2023, were HK$17,517,000, down from HK$29,378,000 in the previous year, a decrease of 40.4%[8]. - The finance costs for the nine months ended March 31, 2023, were HK$485,000, compared to HK$114,000 in the previous year, an increase of 326.3%[8]. - Selling and distribution expenses increased to approximately HK$1.0 million for the nine months ended March 31, 2023, compared to HK$0.3 million for the same period in 2022, primarily due to advertising promotions and equipment depreciation[76][80]. - The cost of sales amounted to approximately HK$30.8 million for the nine months ended March 31, 2023, a decrease of approximately 25.6% compared to the previous year[70]. - The gross profit margin for the nine months ended March 31, 2023, was approximately -1.8%, down approximately 10% from 8.2% for the same period in 2022[71]. Equity and Capital - As of 31 March 2023, the company's total equity stood at HK$34,672,000, a decrease from HK$52,752,000 as of 30 June 2022[12]. - The company issued shares amounting to HK$17,000,000 during the period, which contributed to the increase in share capital from HK$4,200,000 to HK$4,880,000[12]. - The company completed a share subscription of 20,000,000 shares at a subscription price of HK$0.15 per share, raising a total of HK$3,000,000[108]. - The proceeds from the subscription will be used for repayment of certain borrowings and general working capital, with HK$610,650 allocated for loan repayment and HK$1,221,300 for general working capital[117]. - The total amount utilized from the net proceeds as of March 31, 2023, was HK$1,873,000 out of HK$2,950,000 raised[117]. - The premium on the issue of shares amounted to approximately HK$1,000,000, credited to the company's share premium account[109]. - As of March 31, 2023, the company had 488,000,000 shares issued[136]. Shareholder Information - Zhu Yongjun holds 38,398,786 shares, representing 7.87% of the issued share capital[124]. - Lyu Xinyuan is a beneficial owner of 77,000,000 shares, accounting for 15.90% of the issued share capital[129]. - 7Road Holdings Limited owns 54,000,000 shares, which is approximately 11.07% of the issued share capital[129]. - Shanghai Hutong Investments Centre holds 50,000,000 shares, representing 10.25% of the issued share capital[129]. - BOC-HFT-BOC-Overseas No.1 QDII Segregated Account has 50,000,000 shares, also accounting for 10.25% of the issued share capital[132]. - Shanghai Angell Asset Management Company Limited has a controlled interest of 72,497,169 shares, which is 14.86% of the issued share capital[132]. Corporate Governance - Zhu Yongjun ceased to be the chairman and CEO of the company effective April 17, 2023[144]. - The Audit Committee has been established in accordance with the GEM Listing Rules, comprising independent non-executive Directors[146]. - The consolidated results for the nine months ended March 31, 2023, have not been audited by the Company's auditor[149]. - The quarterly results report was reviewed by the Audit Committee with management prior to Board approval[148]. Future Outlook and Strategy - The Group plans to ramp up investment in a global supercomputing center and expand its computing ecosystem to provide professional hosting and cloud services[66]. - The Group aims to serve more enterprises and government authorities through new advertising and sales services, including offline mobile advertising and smart advertising terminals[67]. - The Group's strategy includes expanding its digitalization empowerment platform to cover new business opportunities in mainland China[66]. - The Group's internet advertising agency services will continue to grow steadily, with a focus on expanding into the digital assets business[66]. Miscellaneous - The trading of the company's shares has been suspended since 4 October 2021, and this suspension continued as of 23 September 2022[16]. - The company has adopted new and revised Hong Kong Financial Reporting Standards for the first time in the current period, but this had no material impact on the financial positions and performance[25]. - The statutory reserve is maintained at a minimum of 25% of capital after usage, with a portion of profits transferred to this reserve as per PRC regulations[13]. - The Group did not have any material acquisitions or disposals during the nine months ended 31 March 2023[102]. - The Group has not entered into any interest rate hedging contracts due to relatively low current interest rates, but continues to monitor interest rate exposure closely[99]. - As of 31 March 2023, the Group did not have any significant capital commitments or contingent liabilities[101]. - During the nine months ended March 31, 2023, the company did not purchase, sell, or redeem any of its listed securities[141]. - There were no competing business interests disclosed by the directors during the nine months ended March 31, 2023[138].
瓦普思瑞元宇宙(08093) - 2023 Q3 - 季度财报