Financial Performance - The company's revenue for the first quarter of 2023 was HKD 6,150,000, a decrease of 19.4% compared to HKD 7,635,000 in the same period of 2022[5] - Gross profit for the first quarter was HKD 4,569,000, significantly up from HKD 793,000 in the previous year, indicating a substantial improvement in profitability[5] - The total comprehensive loss for the period was HKD 5,953,000, slightly improved from a loss of HKD 6,460,000 in the same quarter of 2022[7] - The company reported a basic and diluted loss per share of HKD 1.09, compared to HKD 1.18 in the prior year[7] - Total revenue for the group was approximately HKD 6,200,000, a decrease of HKD 1,400,000 compared to the same period last year[26] - The group recorded a loss of approximately HKD 6,000,000, a reduction of HKD 500,000 or 7.8% compared to a loss of HKD 6,500,000 in the same period last year[29] Revenue Breakdown - Revenue from big data center services was HKD 5,400,000, down from HKD 6,885,000 in the previous year, while revenue from lending business remained stable at HKD 750,000[11] - Revenue from data center services was approximately HKD 5,400,000, down HKD 1,500,000 year-on-year, primarily due to lower rental fees for data processors caused by a decline in cryptocurrency prices[23] - Revenue from lending business remained stable at approximately HKD 800,000, unchanged from the same period last year[27] Expenses and Cost Management - Administrative expenses decreased to HKD 6,772,000 from HKD 7,137,000 year-over-year, reflecting cost management efforts[5] - The financial expenses for the quarter were HKD 123,000, compared to HKD 98,000 in the same period last year[5] - Employee costs decreased by approximately HKD 1,600,000 due to the cessation of operations in China and the sale of subsidiaries, resulting in a reduced workforce[30] - Professional fees increased by approximately HKD 1,000,000, primarily due to the sale of Da Zheng Limited[30] Dividends and Shareholder Information - The company did not declare any dividends for the quarter, consistent with the previous year[16] - No dividends were recommended for the reporting period ending March 31, 2022[38] - As of March 31, 2023, the major shareholder, Wan Fung Industrial Limited, holds 279,815,740 shares, representing 51.02% of the total issued shares[47] - Ever Marvel Group Limited holds 67,548,564 shares, accounting for 12.32% of the total issued shares[47] Strategic Initiatives and Investments - The group plans to continue investing in blockchain technology and web3.0 applications, aiming to provide related application services[29] - The company is focused on developing data centers to expand its existing business, particularly in overseas markets such as North America and Southeast Asia[31] - The company has entered into an agreement to acquire 55% of Your Choice Ever Best, Inc. for approximately $4.31 million (equivalent to about HKD 33.85 million), with the acquisition still pending completion[34] - The company has invested $150,000 (approximately HKD 1.18 million) in Cyberflow Digital Inc., acquiring a 30% stake in the company, which focuses on developing Web3.0 mobile applications and communication platforms[36] - The company has signed a contract with Green Land Energy Inc. for consulting services related to the construction of a data center in the United States, with a total consulting fee of $800,000 (approximately HKD 6.28 million)[37] - The company completed the sale of a subsidiary for HKD 37 million on January 11, 2023, with all conditions of the sale agreement met[33] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the reporting period, ensuring compliance with applicable accounting standards[52] - There are no competing business interests held by directors or major shareholders that could conflict with the company's operations[51] - The company has not disclosed any new strategies or market expansions during the reporting period[45] - The company did not report any new product or technology developments in the first quarter of 2023[45] Share Options and Equity - The new share option plan approved on December 28, 2022, will remain effective for 10 years from the date of adoption[44] - No share options were granted, exercised, expired, or canceled during the reporting period under the 2012 share option plan[46] - The total number of share options outstanding as of March 31, 2023, is 30,233,600[46] - The total number of options exercised during the reporting period was zero[46] - The company has not reported any mergers or acquisitions in the recent quarter[45] - As of March 31, 2023, the total number of issued shares is 548,408,822, with Wan Feng Industrial Limited holding 279,815,740 shares, representing approximately 51% of the total issued shares[50] - The company entered into a share purchase agreement on March 16, 2023, to acquire shares of Your Choice Ever Best, Inc. for a total consideration of $4,311,913, to be settled by issuing 80,591,701 new shares[50] - Sichuan Hengjia holds 100% direct interest in Ever Marvel Group Limited, which is linked to the acquisition of 67,548,564 shares as part of the share purchase agreement[50]
加幂科技(08198) - 2023 Q1 - 季度财报