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中国信息科技(08178) - 2023 Q1 - 季度财报

Financial Performance - For the three months ended March 31, 2023, the group's revenue was approximately HKD 32,977,000, an increase of 57.9% compared to HKD 20,887,000 in the same period last year[10]. - The loss attributable to the owners of the company for the same period was approximately HKD 3,027,000, compared to a loss of HKD 3,880,000 in the previous year[10]. - The loss per share for the three months ended March 31, 2023, was approximately HKD 5.88, compared to HKD 11.31 in the previous year (restated)[10]. - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2023, consistent with the previous year[10]. - The group recorded revenue of approximately HKD 32,977,000 for the three months ended March 31, 2023, representing a 57.9% increase compared to approximately HKD 20,887,000 for the same period last year[48]. - The revenue from the IT solutions and maintenance segment increased from approximately HKD 16,856,000 to approximately HKD 29,665,000 during the same period[48]. - The total sales and service costs for the first quarter of 2023 were approximately HKD 24,227,000, a 74.0% increase from approximately HKD 13,922,000 in the previous year[48]. - The gross profit for the first quarter of 2023 was approximately HKD 8,750,000, up from approximately HKD 6,965,000 in the same period last year[48]. - Administrative expenses increased by 40.1% to approximately HKD 8,376,000 compared to approximately HKD 5,978,000 in the previous year[49]. - The group reported a loss attributable to owners of the company of approximately HKD 3,027,000 for the three months ended March 31, 2023, compared to a loss of approximately HKD 3,880,000 in the same period last year[49]. - The company reported a pre-tax loss of HKD 2,677,000, which is an improvement from a pre-tax loss of HKD 2,787,000 in the previous year[65]. - The company reported a total comprehensive loss of HKD 1,305,000 for the period, compared to a total comprehensive loss of HKD 3,486,000 for the same period in 2022, showing an improvement of approximately 63%[72]. Research and Development - Research and development expenses for the smart retail cloud platform and IoT cloud platform network security amounted to approximately HKD 2,180,000 during the period[10]. - The group plans to continue investing in research and development in areas such as IoT, AI, and cloud technologies to enhance service offerings and improve business efficiency[44]. - The company is focusing on developing advanced technologies, particularly in AI and cloud technology, while prudently controlling and allocating resources[9]. - The company is leveraging synergies from collaborations and self-developed AI integrations to enhance its service offerings[9]. - The company has initiated the launch of a tailored CRM system named "Retail Booster" for the retail industry, which utilizes machine learning algorithms to analyze member behavior data[38]. - The AI Booster solution includes a simplified AI logistics and CRM system aimed at small and medium-sized enterprises, providing end-to-end solutions for model development and monitoring[37]. - The company continues to invest resources in optimizing the CRM system to provide advanced and user-friendly technology for business management[38]. - The company is focusing on the development of AI and business intelligence technologies to accelerate adoption across various industries and regions[35]. Strategic Collaborations and Partnerships - The company is actively collaborating with industry talents to expand its customer network and enhance existing IT solutions[9]. - The company signed a non-binding memorandum of understanding with Autostereoscopic 3D Limited to explore collaboration combining proprietary AI technology and big data[24]. - The company has partnered with Jian Da (Hong Kong) Limited to offer comprehensive email security solutions, enhancing its service offerings in the IT market[32]. - The company is actively collaborating with various interested parties to promote the "Retail Booster" and AI products, which are expected to contribute to revenue in the future[38]. - The company entered into a share exchange agreement with Bonanza Goldfields Corp., exchanging 26,520,387 shares for 218,574,618 shares of Bonanza, valued at approximately HKD 3,580,252[18]. - The share exchange agreement aims to establish a strategic alliance with Bonanza, enhancing collaboration in AI, blockchain, and DOT technologies[19]. Financial Position and Equity - The company has experienced a significant improvement in its financial position during the reporting period[9]. - The total equity attributable to the owners of the company as of March 31, 2023, was HKD 274,823,000, a decrease from HKD 350,786,000 as of January 1, 2023, indicating a decline of approximately 22%[72]. - The company’s retained earnings as of March 31, 2023, were HKD 103,934,000, down from HKD 189,218,000 as of January 1, 2022, indicating a decrease of approximately 45%[72]. - The company has extended the maturity dates of loans totaling approximately HKD 58,012,000 to October 15, 2023, and September 2, 2023, respectively[30]. - The company completed a rights issue on April 11, 2022, issuing a total of 171,570,664 shares, with 115,027,076 shares allocated through provisional allotment and 56,543,588 shares through additional applications[15]. - The estimated net proceeds from the rights issue, after deducting related expenses, will be approximately HKD 24,710,000, with around HKD 23,000,000 allocated for the development of smart logistics and CRM systems[15]. - As of March 31, 2023, the company utilized approximately HKD 17,093,000 for R&D and related employee expenses for the smart logistics and CRM systems, and HKD 1,710,000 for general operating funds[16]. - The remaining net proceeds of approximately HKD 5,907,000 are expected to be fully utilized by the third quarter of 2023, delayed from the previously disclosed first quarter[16]. Share Capital and Options - The company’s share capital increased from HKD 3,431,000 on January 1, 2022, to HKD 5,147,000 on March 31, 2023, reflecting an increase of approximately 50%[72]. - The weighted average number of ordinary shares issued during the three months ended March 31, 2023, was 51,471,199, an increase from 34,314,132 shares in the same period of 2022, reflecting a growth of approximately 50%[67]. - A total of 4,125,149 stock options remain unexercised, representing 8.20% of the issued shares as of the report date[84]. - The maximum number of stock options granted to each participant under the 2012 stock option plan cannot exceed 1% of the issued shares as of the grant date[85]. - The exercise period for stock options granted on May 13, 2021, and June 16, 2022, lasts for 10 years, expiring on May 12, 2031, and June 15, 2032, respectively[86]. - The stock options granted have no vesting period or performance targets[93]. - The company has adopted a share option scheme to incentivize selected participants, with a total of 23,900,000 options granted in May 2021 and an additional 16,360,000 options granted in June 2022[80][81]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15, except for the deviation regarding the roles of the Chairman and CEO being held by the same individual[100]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2023, confirming compliance with applicable accounting standards and GEM Listing Rules[103]. - There were no changes in director information during the three months ended March 31, 2023[105]. - The board proposed a new share option scheme to be adopted at a special general meeting on May 15, 2023, following the expiration of the previous scheme[106].