Financial Performance - For the first quarter of 2023, the company reported a revenue of HKD 2.67 million, a decrease of 29.5% compared to HKD 3.78 million in the same period of 2022[10] - The company incurred a loss before tax of HKD 6.06 million, which is an improvement of 14.3% from a loss of HKD 7.07 million in Q1 2022[10] - The net loss attributable to the company's shareholders for the period was HKD 6.30 million, compared to a loss of HKD 7.43 million in the previous year, reflecting a 15.2% reduction in losses[10] - Basic and diluted loss per share from continuing operations was HKD 1.11, down from HKD 1.49 in Q1 2022, indicating a 25.5% improvement[11] - The company reported a total comprehensive loss of HKD 6.30 million for the quarter, compared to HKD 7.43 million in the same quarter last year, marking a 15.2% improvement[10] - The company reported a loss of HKD 35,239,000 for the three months ended March 31, 2023, compared to a loss of HKD 34,924,000 for the same period in 2022[16] - The company reported a loss before tax of HKD 6,304,000 for the three months ended March 31, 2023, compared to a loss of HKD 7,207,000 for the same period in 2022, indicating an improvement of approximately 12.5%[41] - The company reported a total loss attributable to owners of HKD 6,304,000 for the three months ended March 31, 2023, compared to a total loss of HKD 7,429,000 in the same period of 2022, reflecting a reduction of approximately 15.1%[41] Assets and Liabilities - Total assets as of March 31, 2023, were HKD 77.24 million, a decrease from HKD 79.94 million as of December 31, 2022[14] - The company's current liabilities decreased to HKD 28.19 million from HKD 32.43 million, showing a reduction of 13.0%[13] - The company's cash and cash equivalents in general accounts decreased to HKD 15.28 million from HKD 23.03 million, a decline of 33.7%[13] - The company’s non-current assets totaled HKD 34.46 million, down from HKD 36.34 million at the end of 2022, reflecting a decrease of 5.2%[13] - The company’s equity position showed a net loss of HKD 35.24 million as of March 31, 2023, compared to a net loss of HKD 28.94 million at the end of 2022[14] - As of March 31, 2023, total assets decreased to HKD 70,184,000 from HKD 79,097,000 as of December 31, 2022, representing a decline of approximately 11.5%[27] - The total liabilities decreased to HKD 105,423,000 as of March 31, 2023, from HKD 108,032,000 as of December 31, 2022, a decrease of approximately 2.4%[27] Revenue Breakdown - Financial services revenue was HKD 1,496,000, down from HKD 2,526,000 in the previous year, representing a decline of 40.7%[26] - The digital platform business generated revenue of HKD 77,000, marking its first contribution since its establishment in the previous fiscal year[24][26] - The financial services segment remains the largest contributor to revenue, despite the overall decline in earnings[26] - Revenue from major customers accounted for over 10% of total revenue, with Customer A contributing HKD 270,000 in 2023, while Customer B contributed HKD 1,710,000 in 2022[29] - The corporate finance advisory services generated revenue of approximately HKD 1,200,000, an increase from HKD 500,000 in the previous year[86] - The corporate consulting business recorded revenue of approximately HKD 1,100,000, down from HKD 1,300,000 year-over-year, but achieved a segment profit of HKD 700,000 compared to a segment loss of HKD 100,000 in the previous year[91] Share Capital and Financing - The company issued 66,666,663 shares at an issue price of approximately HKD 0.227 per share to finance the acquisition of NOIZChain Limited[77] - The company’s issued and paid-up share capital as of March 31, 2023, was HKD 56,673,000, reflecting an increase from HKD 48,506,000 as of January 1, 2022[75] - The total amount of convertible bonds as of March 31, 2023, included HKD 13,383,000 from the 2008 convertible bonds and HKD 74,809,000 from the 2022 convertible bonds[68] - The total amount of convertible bonds as of March 31, 2023, was approximately HKD 88,200,000, compared to HKD 85,100,000 as of December 31, 2022[114] - The company issued convertible bonds totaling HKD 91 million on December 28, 2022, with conversion prices set at HKD 0.903 and HKD 0.90 for different tranches until specified dates[132] Governance and Compliance - The company has established an audit committee with specific written terms of reference as required by GEM Listing Rules[142] - The company’s audit committee has reviewed the unaudited condensed consolidated first-quarter results for the three months ended March 31, 2023, and confirmed compliance with applicable accounting standards and GEM Listing Rules[144] - The company has confirmed compliance with trading standards by all directors throughout the reporting period[137] - The company has applied the principles of the GEM Listing Rules Appendix 15 Corporate Governance Code and has complied with all applicable code provisions, with some deviations noted[140] - The company will continue to review the effectiveness of its governance structure to ensure it is suitable for its circumstances[141] Strategic Initiatives - The company continues to focus on expanding its digital platform services to enhance revenue streams in the future[24] - The company aims to expand its digital platform business through the acquisition of NOIZ, which focuses on blockchain technology and aims to promote its widespread adoption in enterprises[92][98] - The Honio metaverse, developed in collaboration with NOIZ, is expected to cover approximately 2,000 landmarks in Japan by 2023 and 5,000 buildings by 2024, with plans to expand into other Asia-Pacific markets[100] - The company plans to leverage blockchain technology to enhance the digitalization of its entertainment division and improve the benefits for creators and content owners[103] - The company will continue to expand its customer base in financial services, focusing on corporate financing advisory, asset management, and lending services[104] Employment and Staff - The company employed 30 staff members as of March 31, 2023, compared to 29 as of December 31, 2022[121]
声扬集团(08163) - 2023 Q1 - 季度财报