Financial Performance - For the nine months ended December 31, 2022, the revenue was approximately HKD 21,200,000, a decrease of about 22.9% compared to HKD 27,500,000 in the same period of 2021[8] - The loss attributable to owners of the company for the nine months ended December 31, 2022, was approximately HKD 6,800,000, compared to a loss of HKD 9,300,000 in 2021[8] - The basic loss per share for the nine months ended December 31, 2022, was approximately HKD 0.063, compared to HKD 0.0946 in the same period of 2021[8] - For the three months ended December 31, 2022, the revenue was HKD 7,161,000, down from HKD 8,417,000 in the same period of 2021[9] - The total comprehensive loss for the nine months ended December 31, 2022, was HKD 6,870,000, compared to HKD 9,210,000 in 2021[9] - The company reported a net loss of HKD 6,843,000 for the nine months ended December 31, 2022, with current liabilities exceeding current assets by HKD 42,514,000[21] - For the nine months ended December 31, 2022, OTT services recorded revenue of approximately HKD 21,200,000, a decrease of about 22.3% compared to HKD 27,300,000 in the same period of 2021[31] - The decline in OTT service revenue was primarily due to a decrease in content production and increased competition from other OTT service providers[31] - For the nine months ended December 31, 2022, the company reported a loss attributable to owners of approximately HKD 6,800,000, an improvement from a loss of HKD 9,300,000 in the same period of 2021[37] Costs and Expenses - The company reported a decrease in contractor costs to HKD 14,103,000 for the nine months ended December 31, 2022, from HKD 18,761,000 in 2021[9] - The financing costs for the nine months ended December 31, 2022, were HKD 2,869,000, down from HKD 3,465,000 in the same period of 2021[9] - Employee costs increased to HKD 8,393,000 for the nine months ended December 31, 2022, up 43.3% from HKD 5,853,000 in the same period of 2021[27] - Operating and administrative expenses increased from approximately HKD 10,900,000 to about HKD 11,900,000 compared to the same period in 2021[37] - Financing costs decreased from approximately HKD 3,500,000 to about HKD 2,900,000, a reduction of about 17.1% year-on-year due to the use of lower interest new loans[37] Dividends and Share Capital - The company did not recommend any interim dividend for the nine months ended December 31, 2022, consistent with the previous year[7] - The company did not recommend any dividend payment for the nine months ended December 31, 2022[28] - As of December 31, 2022, the company had a total issued share capital of 107,873,248 shares[46] - Masan Multi Strategy Fund SPC – Masan HK Equity Fund SP held 8,139,000 shares, representing 7.54% of the company's issued share capital[46] Governance and Compliance - The company has established an audit committee in accordance with GEM listing rules, consisting of three independent non-executive directors[50] - The unaudited condensed consolidated financial statements for the nine months ended December 31, 2022, were reviewed by the audit committee and deemed compliant with applicable accounting standards and GEM listing rules[51] - The company has adopted the corporate governance code as per GEM listing rules and has complied with its provisions without significant deviations[52] - All directors confirmed compliance with the trading rules for securities transactions as of December 31, 2022, with no violations reported[53] - During the nine-month review period, the company or its subsidiaries did not purchase, sell, or redeem any of its listed securities[54] Future Outlook - The company expects to benefit from user growth driven by bundled offers under the 5G plan, with optimism regarding the transition from traditional free-to-air broadcasting to OTT broadcasting in the Hong Kong market[36] - The company aims to enhance its media content library through potential acquisitions to attract more customers in Hong Kong and Macau[36] Borrowings and Financial Position - The company secured new borrowings of HKD 39,365,000 after the fiscal year ended March 31, 2022, with an interest rate ranging from 10% to 24%[21] - The company has available credit facilities amounting to HKD 29,377,000 as of the date of the unaudited financial statements[21]
HMVOD视频(08103) - 2023 Q3 - 季度财报