Financial Performance - Revenue for the three months ended September 30, 2022, was HK$22,419,000, a decrease of 14.5% compared to HK$26,325,000 in the same period of 2021[12]. - Gross profit for the three months ended September 30, 2022, was HK$13,994,000, down from HK$15,253,000, representing a decline of 8.3% year-over-year[12]. - Loss for the period for the three months ended September 30, 2022, was HK$8,396,000, compared to a loss of HK$8,554,000 in the same period of 2021, indicating a slight improvement[12]. - Basic loss per share for the three months ended September 30, 2022, was HK$1.95, compared to HK$2.09 for the same period in 2021, reflecting a reduction in loss per share[15]. - For the nine months ended September 30, 2022, total revenue was HK$76,850,000, a slight increase from HK$75,933,000 in the same period of 2021[12]. - The company reported a gross profit of HK$50,590,000 for the nine months ended September 30, 2022, up from HK$45,039,000, marking an increase of 12.1% year-over-year[12]. - Loss before tax for the nine months ended September 30, 2022, was HK$5,719,000, compared to HK$4,201,000 in the same period of 2021, indicating a worsening of financial performance[12]. - The total loss attributable to owners of the company for the nine months ended September 30, 2022, was HK$11,604,000, compared to HK$8,394,000 in the same period of 2021[15]. - The company reported a loss of HK$8,396,000 for the three months ended September 30, 2022, compared to a loss of HK$8,554,000 in the same period of 2021, reflecting a decrease of 1.85%[17]. - For the nine months ended September 30, 2022, the loss was HK$7,946,000, which is an increase of 37.19% from the loss of HK$5,793,000 in the same period of 2021[17]. Revenue Breakdown - Revenue from sales of computer and mobile phone software and toolbar advertisement was HK$58,595,000 for the nine months ended September 30, 2022, compared to HK$53,165,000 in 2021, reflecting a growth of 10.06%[36]. - E-commerce revenue, which involves the operation of a business-to-customer online sales platform, generated HK$14,718,000 for the nine months ended September 30, 2022, down from HK$22,613,000 in 2021, indicating a decline of 34.93%[36]. - For the nine months ended September 30, 2022, total revenue was HK$76,850,000, with the Software Business contributing HK$58,595,000[60]. - The Software Business reported a segment profit of HK$12,876,000, while the Securities Investment Business incurred a segment loss of HK$8,122,000[60]. - Corporate Management Solutions and I.T. Contract Services Business generated revenue of HK$14,718,000, with a segment profit of HK$1,523,000[60]. - The B2C Online Sales Platform and B2B Product Trading Business reported revenue of HK$3,537,000, resulting in a segment loss of HK$3,896,000[60]. Operational Efficiency and Market Focus - The company continues to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[11]. - The Group aims to strengthen and expand its distribution and sales channels by cooperating with local dealers and affiliates[101]. - The management will closely monitor the performance of the business segments and may consider scaling down or disposing of underperforming segments[100]. - The Group plans to continue exploring potential investment opportunities and closely monitor the Hong Kong financial market[116]. - The company plans to expand its software product sales channels and strengthen its position in the US and European markets to promote long-term profitability[180]. Challenges and Risks - The Group continues to face challenges from fierce competition in the I.T. industry and the ongoing impacts of the COVID-19 pandemic[100]. - The company anticipates a challenging market environment due to ongoing COVID-19 outbreaks, the Russia-Ukraine war, and inflationary pressures from loose monetary policies, which may adversely affect business operations[179]. - The global economic outlook remains uncertain due to factors such as the COVID-19 pandemic and inflation pressures[175]. Legal Matters - Perfect Growth Limited is involved in litigation where it is named as one of the alleged independent placees in the October 2015 Placing, with claims against it including the declaration that the allotment of shares is null and void[151]. - The plaintiffs seek an account of profits and damages against Perfect Growth related to the October 2015 Placing, including equitable compensation for dishonest assistance and conspiracy[153]. - Lucky Famous Limited, a wholly-owned subsidiary of the company, has amicably resolved disputes related to the AP Acquisition Litigation and AP Management Litigation through a settlement agreement[156]. Employee and Financial Management - The Group's employee count increased to 85 as of 30 September 2022, compared to 29 employees as of 31 December 2021[165]. - The Group's treasury policy is conservative, focusing on diverse product portfolios and closely monitoring liquidity to meet funding requirements[163]. - The Group received financial support from the Employment Support Scheme, which prohibits layoffs during the subsidy period[40]. - The Group's total assets were approximately HK$296,379,000 as of 30 September 2022, down from approximately HK$309,511,000 as of 31 December 2021, while total liabilities were approximately HK$54,646,000, compared to approximately HK$57,033,000 in the previous period[136]. Future Outlook - The board believes that the software business will continue to be a major source of revenue, with a focus on enhancing computer performance optimization and antivirus software[179]. - The company is committed to diversifying its business strategy and will assess the revenue and growth prospects of various business segments[180]. - The company is actively researching and developing new technologies and exploring new fields to foster potential business growth[179].
智易控股(08100) - 2022 Q3 - 季度财报