Financial Performance - For the three months ended March 31, 2023, the company reported a revenue of HKD 500,000, compared to HKD 502,000 for the same period in 2022, representing a slight decrease of 0.4%[6] - The cost of sales increased to HKD 471,000 from HKD 343,000, resulting in a gross profit of HKD 29,000, down 81.8% from HKD 159,000 in the previous year[6] - Other income surged to HKD 1,906,000, a significant increase of 608.2% compared to HKD 268,000 in Q1 2022[6] - Operating loss for the quarter was HKD 1,167,000, a reduction of 86.8% from HKD 8,824,000 in the same quarter last year[6] - The company reported a pre-tax loss of HKD 7,511,000, an improvement of 34.3% compared to HKD 11,479,000 in Q1 2022[6] - The total comprehensive loss for the period was HKD 51,617,000, compared to HKD 20,201,000 in the previous year, reflecting a significant increase in foreign exchange losses[7] - Basic and diluted loss per share was HKD 0.79, compared to a loss of HKD 1.29 per share in the same period last year[7] - The company experienced a foreign exchange loss of HKD 44,106,000, which was a substantial increase from HKD 8,722,000 in Q1 2022[6] Business Operations - The company has ceased its beauty business operations, focusing solely on its robotics business, which may impact future revenue streams[13] - Operating loss for the three months ended March 31, 2023, was approximately HKD 7,500,000, reduced from HKD 11,500,000 in the same period of 2022, primarily due to decreased R&D and employee costs[27] - Administrative expenses for the three months ended March 31, 2023, were approximately HKD 2,400,000, a decrease of about 69.3% compared to HKD 7,800,000 in the same period of 2022[27] - Other income for the three months ended March 31, 2023, was approximately HKD 1,900,000, significantly higher than HKD 300,000 in the same period of 2022, mainly due to waived loan interest expenses[27] - Sales and distribution costs for the three months ended March 31, 2023, were approximately HKD 700,000, a decrease of about 50.8% compared to HKD 1,400,000 in the same period of 2022[27] - The company did not engage in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended March 31, 2023[31] Shareholder Information - Major shareholders include Su Zhitun with a 29.91% stake and Rongke Holdings with a 25.72% stake in the company[36][37] - As of March 31, 2023, the company had 506,219,666 shares issued, with On Top Global holding interests in 24,397,946 shares, representing approximately 4.82% of total shares[42] - KE10MA Holdings owned interests in 29,286,971 shares, accounting for about 5.77% of the total shares[42] - Greater Harmony held interests in 30,000,000 shares, which is approximately 5.91% of the total shares[42] - The company did not repurchase any of its listed shares during the three months ended March 31, 2023[42] Corporate Governance - The Audit Committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the three months ended March 31, 2023[43] - The company has adopted its own code of conduct for securities trading, ensuring compliance with the standards set forth in the GEM Listing Rules[40] - The company has maintained high standards of corporate governance, focusing on integrity, quality of information disclosure, transparency, and accountability[44] - As of the report date, the company has not appointed a CEO and is in the process of identifying a suitable candidate[44] - The company confirmed that all directors complied with the securities trading code during the three months ended March 31, 2023[40] - There were no significant competitive interests held by directors or major shareholders as of March 31, 2023[41] Market Insights - The global robotics market is expected to reach $51.3 billion in 2022, with China's robotics market projected to hit $17.4 billion, reflecting an average annual growth rate of 22% over five years[32] - The global service robotics market is anticipated to grow from $21.7 billion in 2022 to $29 billion by 2024, driven by increased demand for contactless services during the pandemic[33] - The global special robotics market is estimated to exceed $10 billion in 2022 and reach $14 billion by 2024, with an average annual growth rate of 21.7% since 2017[33] - From 2018 to Q3 2022, there were 500 financing activities related to robotics companies, totaling approximately RMB 84 billion, with an average financing amount of RMB 260 million per transaction[34] - The density of manufacturing robots in China is expected to double by 2025 compared to 2020, significantly enhancing the application of service and special robots[35] - The Chinese intelligent robotics market is projected to approach RMB 100 billion by 2025, driven by the integration of robotics into various industries[35] - Core components account for over 70% of the total cost of traditional industrial robots, highlighting their importance in the robotics industry[32] - The financing activities in the robotics sector are increasingly concentrated, indicating a shift towards stable development in the market[34] - The demand for automation and intelligent production capabilities has surged due to the pandemic, fostering healthy growth in the robotics industry[35] Debt and Capitalization - The company plans to issue new shares for debt capitalization, with a total debt of approximately HKD 26,728,945 to be settled through the issuance of 101,243,933 shares at HKD 0.23 each[24] - The total equity as of March 31, 2023, was HKD 251,962,000, down from HKD 200,345,000 at the beginning of the year[9] - The company has no significant contingent liabilities as of March 31, 2023[23]
超人智能(08176) - 2023 Q1 - 季度财报