Financial Performance - For the nine months ended September 30, 2022, the group reported revenue of HKD 392,272,000, a decrease of 13.4% from HKD 452,823,000 in the same period of 2021[4] - Gross profit for the nine months ended September 30, 2022, was HKD 40,137,000, down 54.4% from HKD 87,895,000 in the previous year[4] - The net profit for the nine months ended September 30, 2022, was HKD 80,232,000, compared to a net loss of HKD 59,579,000 in the same period of 2021[4] - Earnings per share for the nine months ended September 30, 2022, was HKD 0.24, compared to a loss per share of HKD 0.56 in the same period of 2021[4] - Total comprehensive income for the nine months ended September 30, 2022, was HKD (22,372,000), compared to HKD (50,873,000) in the previous year[6] - The profit attributable to the company's owners for the nine months ended September 30, 2022, was approximately HKD 23 million, compared to a loss of approximately HKD 53.7 million in the same period last year[24] Revenue Sources - Revenue from data center services for the nine months ended September 30, 2022, was HKD 385,580,000, down from HKD 443,718,000 in the previous year[12] - Revenue from data center services was approximately HKD 385.6 million for the period, a decrease of about HKD 58.1 million or 13.1% compared to HKD 443.7 million in the previous year, attributed to the negative impact of the ongoing COVID-19 pandemic[34] Gains and Costs - The group recognized a gain of HKD 203,668,000 from the sale of a subsidiary during the nine months ended September 30, 2022[4] - The group reported other income and gains of HKD 69,589,000 for the nine months ended September 30, 2022, significantly up from HKD 1,697,000 in the same period of 2021[4] - The group incurred financing costs of HKD 75,937,000 for the nine months ended September 30, 2022, compared to HKD 29,566,000 in the same period of 2021[4] - The group experienced an increase in depreciation and financing costs of approximately HKD 14.1 million and HKD 46.4 million, respectively, due to completed sales and leasing arrangements[24] Operational Metrics - The group recorded revenue of approximately HKD 392.3 million for the nine months ended September 30, 2022, a decrease of about HKD 60.5 million or 13.4% compared to HKD 452.8 million in the same period last year[23] - The group reported an EBITDA of HKD 283.4 million for the nine months ended September 30, 2022, with an EBITDA margin of 72.3%[25] - The average rate charged per server cabinet and the utilization rate of the self-built data centers decreased due to the ongoing negative impact of the COVID-19 pandemic[23] - The utilization rate of the company's self-built data centers was approximately 28% as of September 30, 2022, down from 50.5% in 2021, primarily due to the completion of 4,200 new server cabinets in Q3 2022[34] Future Outlook - The company expects to build approximately 20,000 additional server cabinets over the next two years, which is anticipated to significantly improve financial performance despite ongoing economic challenges from COVID-19[36] - The company remains optimistic about future prospects, citing rapid data traffic growth and government support for digital economy growth, which is expected to sustain demand for high-quality data centers for at least the next five years[44] - The new data centers, including the Weihai Zhigu Super Data Center and the Shanghai Baoshan Data Center, will provide infrastructure for over 20,000 server cabinets, effectively doubling the number of available cabinets[46] Shareholder Information - As of September 30, 2022, the company's director held approximately 23.98% of the company's shares, indicating strong insider confidence[47] - Winner Mind holds 2,055,887,357 shares, representing 21.59% of the company's issued share capital[53] - Mr. Zhen Wei Ping owns 504,832,000 shares, which accounts for 5.30% of the company's issued share capital[53] Compliance and Governance - The audit committee has reviewed the unaudited financial statements for the nine months ended September 30, 2022, and found them compliant with applicable accounting standards and disclosure requirements[58] - The company and its subsidiaries did not purchase, redeem, or sell any listed securities during the nine months ended September 30, 2022[56] - The group did not declare any dividends for the nine months ended September 30, 2022[16] Challenges - The company anticipates facing significant challenges in Q4 2022 due to economic slowdowns and geopolitical tensions affecting energy prices[44] - The group has 12,792 available server cabinets and 19,842 under construction as of September 30, 2022[30]
中国新电信(08167) - 2022 Q3 - 季度财报