Financial Performance - The Group's revenue for the three months ended September 30, 2022, was HK$4,209,000, a decrease of 22.6% compared to HK$5,443,000 for the same period in 2021[10] - Gross profit for the three months ended September 30, 2022, was HK$2,823,000, representing a significant increase of 168.5% from HK$1,050,000 in the previous year[10] - The loss from operations for the three months ended September 30, 2022, was HK$992,000, an improvement compared to a loss of HK$3,585,000 in the same period of 2021[10] - The total loss for the period from continuing operations for the three months ended September 30, 2022, was HK$1,067,000, compared to a loss of HK$3,993,000 in the same period of 2021[10] - Loss for the three months ended 30 September 2022 was HK$1,051,000, a decrease of 73.9% compared to HK$4,028,000 for the same period in 2021[13] - Loss for the nine months ended 30 September 2022 was HK$820,000, a significant improvement from HK$30,669,000 in the previous year, representing a reduction of 97.3%[13] - Total comprehensive expense for the three months ended 30 September 2022 was HK$1,051,000, down from HK$4,028,000 in the same period of 2021[13] - Total comprehensive expense for the nine months ended 30 September 2022 was HK$819,000, compared to HK$30,685,000 for the same period in 2021, indicating a decrease of 97.3%[13] - The Group's total loss for the nine months ended September 30, 2022, was HK$820,000, a significant reduction from HK$30,669,000 in the same period of 2021[11] - The consolidated net loss attributable to owners of the Company for the Period was approximately HK$804,000, a significant improvement compared to approximately HK$29,863,000 for the same period in 2021, mainly due to reduced administrative and operating expenses[70] Revenue and Income - Revenue from software platform services for the three months ended September 30, 2022, was HK$4,209,000, a decrease of 22.3% compared to HK$5,423,000 in the same period of 2021[27] - For the nine months ended September 30, 2022, revenue from software platform services increased to HK$16,493,000, up 8.5% from HK$15,199,000 in 2021[27] - The Group's total revenue for the nine months ended September 30, 2022, was HK$16,493,000, compared to HK$15,242,000 for the same period in 2021, reflecting a growth of 8.2%[27] - The Group's other income for the nine months ended September 30, 2022, was HK$1,029,000, compared to HK$246,000 in the same period of 2021, indicating a significant increase[30] - Other income for the three months ended September 30, 2022, was HK$653,000, compared to HK$8,000 in the same period of 2021[10] - The Group received government grants totaling HK$653,000 for the three months ended September 30, 2022, compared to no grants in the same period of 2021[30] Expenses and Costs - Research and development expenses for the nine months ended September 30, 2022, totaled HK$7,570,000, which is an increase of 141.5% from HK$3,135,000 in the previous year[10] - The administrative expenses for the three months ended September 30, 2022, were HK$1,362,000, a decrease from HK$2,813,000 in the previous year[10] - Total staff costs for the three months ended September 30, 2022, were HK$4,200,000, an increase of 42.8% from HK$2,941,000 in the same period of 2021[35] - Administrative and other operating expenses amounted to approximately HK$13,292,000 for the Period, a decrease from approximately HK$15,968,000 in 2021, primarily due to a significant reduction in depreciation expenses[67] - Finance costs decreased to approximately HK$182,000 for the Period, down from approximately HK$1,242,000 in 2021, primarily due to the repayment of several bank borrowings[73] Shareholder Information - As of September 30, 2022, Mr. Chiu Ngai Hung holds 663,477,955 shares, representing approximately 52.13% of the total shareholding[100] - The total number of shares in issue as of September 30, 2022, is 1,272,640,000[100] - The weighted average number of ordinary shares in issue during the Period remained constant at 1,272,640,000 shares[55] - The Board does not recommend the payment of any dividend for the nine months ended September 30, 2022, consistent with the previous year[49] Business Operations and Strategy - The Group did not renew its money lender license after its expiration on June 2, 2021, and ceased the Money Lending Business in September 2021 due to market competition and risks associated with loan defaults[40] - The Group plans to focus on growth prospects in fast-growing segments while maintaining its position in slow-growing segments to recover from the post-COVID-19 impact[91] - Increased adoption of IT solutions among Hong Kong SMEs is expected to drive growth in the IT market, with a focus on ERP and CRM software[87] - The adoption of Big Data solutions is a key trend contributing to market growth, as Hong Kong enterprises utilize these tools to optimize operations and enhance decision-making[88] - The Group has not planned to cease the development of its mobile games, with the postponement being a strategic reassessment rather than a cessation[80] - The Group's Software Platform Business faced revenue recognition delays of approximately 3 to 4 months due to the impact of COVID-19 quarantine measures[78] Governance and Compliance - The Audit Committee comprises three independent non-executive Directors, responsible for reviewing financial reporting and internal controls[106] - The Company has adopted a code of conduct regarding securities transactions by Directors, with no reported non-compliance during the Period[108] - The Company did not purchase, sell, or redeem any of its listed securities during the Period[109] - There were no arrangements enabling Directors or chief executives to acquire benefits through shares or debt securities during the Period[95] - No Directors have interests in any competing business as of the report date[102] - The Company had no substantial changes in Directors' interests in shares or debentures as of September 30, 2022[99] - The Company has not been notified of any other interests or short positions in shares by any person other than Directors, chief executives, and substantial shareholders as of September 30, 2022[101] - The Company has not applied new and revised HKFRSs that have been issued but are not yet effective, and is assessing their potential impact[20] - The financial statements are prepared under the historical cost convention and comply with accounting standards issued by the HKICPA[17]
悟喜生活(08148) - 2022 Q3 - 季度财报