Financial Performance - Revenue for the three months ended March 31, 2023, was HK$25,403,000, a decrease of 23.8% compared to HK$33,342,000 for the same period in 2022[6]. - Gross profit for the same period was HK$17,493,000, down 27.7% from HK$24,178,000 in 2022[6]. - Profit for the period was HK$3,462,000, a decline of 14.3% from HK$4,038,000 in the previous year[8]. - Total comprehensive income for the period was HK$3,451,000, down from HK$4,048,000 in 2022, indicating a decrease of 14.7%[8]. - Selling and administrative expenses were HK$15,756,000, slightly up from HK$15,630,000 in the previous year[6]. - The company reported a net reversal of impairment loss on trade and other receivables of HK$1,838,000, compared to a loss of HK$2,561,000 in 2022[6]. - Non-controlling interests accounted for HK$1,292,000 of the profit for the period, compared to HK$3,458,000 in the previous year[8]. - The company’s accumulated losses as of March 31, 2023, were HK$1,304,941,000[10]. - The total equity of the company as of March 31, 2023, was HK$249,316,000, reflecting a decrease from HK$256,526,000 in the previous year[10]. Revenue Breakdown - Revenue from sales of computer and mobile phone software and toolbar advertisement was HK$21,185,000, down 25.9% from HK$28,559,000 in the previous year[22]. - E-commerce revenue, which includes business-to-customer online sales and business-to-business product trading, generated HK$4,096,000, a decrease of 8.1% from HK$4,458,000 in the prior year[22]. - For the three months ended 31 March 2023, revenue from external customers was HK$28,559,000, compared to HK$33,342,000 for the same period in 2022, representing a decrease of approximately 14.5%[35]. - Revenue from the Software Business segment was HK$21,185,000, while the Corporate Management Solutions and I.T. Contract Services Business generated HK$4,096,000[154]. - The United States contributed HK$8,657,000 to total revenue, a decrease of 16.67% from HK$10,386,000 in the previous year[163]. Profitability Metrics - Basic earnings per share for the period was HK$0.49, compared to HK$0.13 in the same period last year, reflecting a significant increase[6]. - Profit from operations for the three months ended 31 March 2023 was HK$6,107,000, while the profit before tax was HK$6,061,000, showing a significant increase from the previous year's profit of HK$4,038,000[35]. - Profit attributable to owners of the Company for the three months ended 31 March 2023 was HK$2,170,000, compared to HK$580,000 for the same period in 2022, representing a significant increase of 274.14%[148]. - Basic earnings per share for the three months ended 31 March 2023 was HK$0.49, up from HK$0.13 in the same period of 2022, reflecting an increase of 276.92%[148]. - The profit from operations for the period was HK$4,262,000, with a profit before tax of HK$4,245,000[154]. Segment Performance - The total segment results for the software business showed a profit of HK$11,998,000, while the securities investment business reported a loss of HK$2,655,000[35]. - The segment profit for the software business was approximately HK$4,533,000, down approximately 62.2% from HK$11,998,000 in 2022, primarily due to increased competition in the software industry[52]. - The Securities Investment Business segment profit improved to approximately HK$1,402,000 from a loss of approximately HK$2,655,000 in 2022[193]. - The B2C Online Sales Platform and B2B Product Trading Business generated revenue of approximately HK$122,000, down from HK$325,000 in 2022[182]. Cash and Assets - As of March 31, 2023, the Group had cash and cash equivalents of approximately HK$86,932,000, an increase from approximately HK$71,222,000 as of December 31, 2022[194]. - The Group's total assets amounted to approximately HK$304,438,000, while total liabilities were approximately HK$55,122,000, resulting in a gearing ratio of approximately 18.1%[194]. - The Group's trade and other receivables were approximately HK$13,591,000, with increased credit risk due to the adverse economic environment[73]. - The Group had undrawn banking facilities of approximately HK$322,000 as of March 31, 2023, up from approximately HK$304,000 as of December 31, 2022[194]. - The Group's borrowing from a financial institution amounted to approximately HK$500,000, down from approximately HK$600,000 as of December 31, 2022[193]. Strategic Initiatives - The Group plans to continue exploring new technology applications and improving software products while strengthening distribution and sales channels[56]. - The Group's ongoing investment in R&D aims to enhance product offerings and maintain a competitive edge in the software market[46]. - The Group will continue to focus on business diversification and assess growth prospects across different business segments[83]. - The Group aims to strengthen its position in the technology industry while addressing ongoing security threats in the cyber world[81]. - The Group plans to explore new technological applications and enhance its software products while expanding sales and distribution channels in emerging markets[178]. Corporate Governance - The Group has not engaged in any material acquisitions or disposals during the reporting period[78]. - The Group emphasizes equality, motivation, and performance in its remuneration policy, which is reviewed annually[22]. - The Company confirmed that the information in the report is accurate and complete in all material respects, with no misleading statements[123]. - The Board does not recommend any payment of dividend for the Period, consistent with 2022[167]. - The Group has not entered into any foreign exchange contracts as hedging measures, considering the foreign exchange risk to be minimal[194].
智易控股(08100) - 2023 Q1 - 季度财报