Financial Performance - The company reported unaudited revenue of HKD 129,893,000 for the three months ended March 31, 2022, representing a 16.3% increase from HKD 111,641,000 in the same period of 2021[5] - Gross profit for the same period was HKD 23,658,000, down 26.8% from HKD 32,295,000 year-over-year[5] - The company incurred a loss before tax of HKD 38,488,000, compared to a loss of HKD 18,765,000 in the prior year, indicating a significant increase in losses[5] - The net loss attributable to the company's owners was HKD 33,110,000, compared to HKD 14,203,000 in the same quarter of the previous year[19] - The basic and diluted loss per share for the period was HKD 0.35, compared to HKD 0.15 in the prior year[20] - The total comprehensive loss for the period was HKD 32,898,000, compared to HKD 22,888,000 in the same period last year[7] - The company recorded revenue of approximately HKD 129.9 million for the three months ended March 31, 2022, an increase of 16.4% compared to HKD 111.6 million in the same period last year[26] - The loss attributable to the company's owners for the same period was approximately HKD 33.1 million, up from HKD 14.2 million in the previous year, primarily due to increased depreciation and financing costs[26] - EBITDA for the three months ended March 31, 2022, was HKD 22.96 million, with an EBITDA margin of 17.7%, compared to HKD 16.91 million and 15.2% in the previous year[28] Revenue Sources - Revenue from data center services was HKD 127,373,000, an increase from HKD 107,684,000 in the previous year, while other income decreased from HKD 3,957,000 to HKD 2,520,000[12] - The company provided data center services that generated revenue of approximately HKD 127.4 million, an increase of 18.3% from HKD 107.7 million in the previous year[35] - Other income for the review period was approximately HKD 2.5 million, an increase of 37.5% from HKD 4.0 million in the previous year, mainly due to a decrease in revenue from system integration services[37] Operational Highlights - The utilization rates of the data centers as of March 31, 2022, were approximately 80.7% for Guangzhou Lianhua Mountain, 43.0% for Guangzhou (Nanshan) Cloud, 35.5% for Shanghai Baoshan, and 26.5% for Weihai Zhigu[31] - The total number of available server cabinets across the company's data centers was 8,592, with a total of 27,189 cabinets under construction[32] - The company plans to build approximately 24,000 additional server cabinets over the next two years, which is expected to significantly enhance financial performance[35] - The increase in revenue was primarily driven by higher utilization rates at the Guangzhou Lianhua Mountain data center and the commencement of operations at the Shanghai Baoshan data center[26] - The company has transitioned some customers' servers from leased cabinets to self-built data centers to improve profitability[35] Strategic Outlook - The company continues to focus on expanding its data center services amidst the challenging market conditions[12] - The company expects to gain HKD 229.5 million from the sale of assets, which will provide immediate cash for business development, particularly for the remaining part of the Weihai Zhigu Big Data Center[40] - The company remains optimistic about its business outlook despite potential economic slowdowns in China, driven by rapid data traffic growth and government support for the data economy[41] - Two new data centers have been operational since 2021, significantly increasing the company's self-built server cabinet count by over 100% compared to 2021, providing ample growth space for customers[41] Shareholder Information - As of March 31, 2022, Dr. Li Haiquan holds approximately 23.86% of the company's shares, with an additional 21.97% held through controlled companies[43] - Winner Mind Investments Limited, fully owned by Dr. Li, holds 21.59% of the company's shares[49] - The company did not engage in any share buybacks or sales during the three months ending March 31, 2022[52] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial statements for the three months ending March 31, 2022, ensuring compliance with applicable accounting standards[53] - The company did not declare any dividends for the three months ended March 31, 2022, consistent with the previous year[19] - The company reported a foreign exchange gain of HKD 4,720,000 due to the translation of overseas operations, contrasting with a loss of HKD 5,476,000 in the previous year[7]
中国新电信(08167) - 2022 Q1 - 季度财报