Financial Performance - The company's revenue for the three months ended March 31, 2022, was HKD 7,635,000, a decrease of 89.7% compared to HKD 74,259,000 for the same period in 2021[6] - The gross profit for the reporting period was HKD 793,000, compared to a gross loss of HKD 11,636,000 in the previous year[6] - The company reported a loss before tax of HKD 6,460,000, significantly improved from a loss of HKD 22,795,000 in the same period last year[6] - Total comprehensive loss for the period was HKD 6,089,000, compared to HKD 10,319,000 in the previous year[9] - The basic and diluted loss per share for the period was HKD 1.18, compared to HKD 4.52 in the same period last year[9] - Total revenue for the group during the reporting period was approximately HKD 7,600,000, a significant decrease of HKD 66,700,000 compared to HKD 74,300,000 for the same period in 2021[30] - Revenue from data center services was approximately HKD 6,900,000, a decrease of about HKD 66,400,000 compared to HKD 73,300,000 for the same period in 2021[30] - The group recorded a loss of approximately HKD 6,500,000, a decrease of HKD 16,300,000 or 71.5% compared to the loss of HKD 22,800,000 in the same period of 2021[34] Revenue Sources - Revenue from big data center services was HKD 6,885,000, while online gaming business revenue was nil, compared to HKD 73,260,000 and HKD 249,000 respectively in the previous year[14] - The group recorded no revenue from data processor leasing services during the reporting period, consistent with the same period in 2021[31] - Revenue from lending business was approximately HKD 800,000, unchanged from the same period in 2021[32] Expenses and Costs - Administrative expenses for the period were HKD 7,137,000, down from HKD 11,819,000 in the previous year[6] - The company recorded other income of HKD 21,000, a decrease from HKD 729,000 in the previous year[6] - Employee costs decreased by approximately HKD 2,500,000 due to a reduction in headcount following the termination of operations at three data centers[34] - Gross profit from big data center services increased by approximately HKD 12,400,000, primarily due to a reduction in sales and service costs by approximately HKD 79,100,000[34] Dividends and Share Options - The company did not recommend the payment of an interim dividend for the three months ended March 31, 2022[18] - The company does not recommend the payment of an interim dividend for the reporting period[38] - The total number of options exercised during the reporting period was 32,083,600, with a significant portion at an exercise price of HKD 0.26[74] - The company has a total of 16,770,000 options outstanding as of the reporting date[73] Loans and Financial Agreements - The group has a loan of HKD 30,000,000 with a term of 24 months and an annual interest rate of 10%, contributing to the lending business revenue[29] - The loan agreement with an independent third party was extended for an additional 24 months, with a principal amount of HKD 30,000,000 and an annual interest rate of 10%[35] - The second phase interest payment of HKD 3,000,000 was made by the borrower as per the loan agreement[35] Business Operations and Strategy - The data center located in Sichuan, China, was closed in January 2022, contributing to the revenue decline[26] - The group has agreed to temporarily waive rental fees for data processors during power outages in Kazakhstan, affecting customer operations[27] - The group plans to remove machinery and equipment from three data centers in China, leading to fixed asset impairment provisions[25] - The company is actively exploring the development of data centers in North America and other regions to meet market demand and expand its data center business[37] - The group plans to continue leasing previously purchased data processors to independent third parties to generate rental income[37] - The company will continue to seek new opportunities in a rapidly changing business environment, focusing on innovation and policy changes[37] Corporate Governance - The company has established an audit committee to oversee financial reporting processes and risk management, consisting of two independent non-executive directors and one non-executive director[89] - The report indicates that there are no competing business interests held by directors or major shareholders that conflict with the company's operations[88] - There were no significant changes in the ownership structure of major shareholders during the reporting period[78] - BIT Mining holds 327,868,805 shares, representing 59.79% of the total shares issued as of March 31, 2022, which amounts to 548,378,822 shares[84] Share Option Scheme - The 2012 Share Option Scheme was approved at the annual general meeting on May 18, 2012, allowing directors to grant options to eligible persons until May 17, 2022[54] - As of March 31, 2022, the total number of share options granted under the 2012 scheme was 14,633,600, with various exercise prices ranging from HKD 0.26 to HKD 1.10[56] - The company has not granted, exercised, or cancelled any share options under the 2012 Share Option Scheme during the reporting period[75] - The exercise periods for options granted in 2018, 2019, and 2020 vary, with the latest ending in 2030[75] - The company continues to recognize the contributions of consultants by granting them share options similar to those of employees[75]
加幂科技(08198) - 2022 Q1 - 季度财报