Financial Performance - For the three months ended March 31, 2023, the company's revenue was HKD 121,184,000, a decrease of 6.0% compared to HKD 129,893,000 for the same period in 2022[4] - The gross profit for the same period was HKD 6,726,000, down 71.6% from HKD 23,658,000 year-on-year[4] - The company reported a loss before tax of HKD 60,100,000, compared to a loss of HKD 38,488,000 in the previous year, representing a 56.3% increase in losses[4] - The net loss attributable to the company's owners was HKD 56,382,000, which is a 70.4% increase from HKD 33,110,000 in the prior year[4] - The basic and diluted loss per share for the period was HKD 0.59, compared to HKD 0.35 for the same period in 2022[4] - The total comprehensive loss for the period was HKD 55,483,000, compared to HKD 32,898,000 in the same period last year, indicating a 68.5% increase in comprehensive losses[6] - EBITDA for the three months ended March 31, 2023, was HKD 13.5 million, with an EBITDA margin of 11.1%, down from HKD 22.96 million and 17.7% in the same period last year[24] Revenue Sources - Revenue from data center services was HKD 118,398,000, down 7.5% from HKD 127,373,000 in the previous year[12] - Revenue from data center services was approximately HKD 118.4 million for the review period, a decrease of about HKD 9 million or 7.1% compared to HKD 127.4 million in the previous year[29] Future Outlook - The group plans to construct approximately 4,000 additional server cabinets in 2023, anticipating improved financial performance as the Chinese economy recovers post-COVID[30] - The group remains cautiously optimistic about future demand for high-quality data centers in mainland China, driven by rapid data traffic growth and accelerated digitalization trends[33] - The group’s primary focus for 2023 is to increase revenue growth and data center utilization rates while providing top-tier data center services to meet customer operational needs[33] Shareholder Information - As of March 31, 2023, Dr. Li Haiquan holds 2,285,808,000 shares, representing approximately 24.00% of the company's securities[35] - Winner Mind Investments Limited, wholly owned by Dr. Li, holds 2,055,887,357 shares, accounting for about 21.59% of the company's securities[38] - Mr. Zhen Weiping owns 504,832,000 shares, which is approximately 5.30% of the company's securities, along with an additional 106,702,000 shares held by his spouse, representing 1.12%[38] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited financial statements for the three months ending March 31, 2023, confirming compliance with applicable accounting standards[42] - The company has established an audit committee to oversee financial reporting and risk management systems[42] - The board of directors includes four executive directors and three independent non-executive directors as of the report date[43] - There were no competitive businesses or conflicts of interest involving directors or major shareholders during the three months ending March 31, 2023[39] Dividend Policy - The company did not declare any dividends for the three months ended March 31, 2023, consistent with the previous year[16] Data Center Utilization - The utilization rate of the group's self-built data centers decreased to approximately 27.5% as of March 31, 2023, down from 41.8% a year earlier, primarily due to an increase in available server cabinets[28] - The group’s Wuhai Zhigu Super Data Center had over 8,000 available server cabinets as of March 31, 2023, with an expected increase to over 12,000 cabinets upon completion of additional construction[33] Other Income - Other income increased by approximately HKD 0.3 million or 12% to HKD 2.8 million, primarily due to increased property leasing income[32] Securities Transactions - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the three months ending March 31, 2023[41]
中国新电信(08167) - 2023 Q1 - 季度财报