Financial Performance - The group's unaudited revenue for the nine months ended September 30, 2022, was HKD 415.1 million, a decrease of HKD 68.4 million or 14.1% compared to the same period last year [11]. - The unaudited loss for the nine months ended September 30, 2022, was HKD 12.7 million, reversing from an unaudited profit of approximately HKD 8.6 million for the same period last year [11]. - The unaudited basic and diluted loss per share for the nine months ended September 30, 2022, was HKD 0.0296, compared to an unaudited basic and diluted profit of HKD 0.0210 for the same period last year [11]. - The total comprehensive loss for the nine months ended September 30, 2022, was HKD 33,679 thousand, significantly higher than a loss of HKD 1,299 thousand in the same period of 2021 [17]. - The company reported a basic and diluted loss per share of HKD 0.82 for the three months ended September 30, 2022, compared to a loss of HKD 0.61 in the same period of 2021 [14]. - The company reported a loss attributable to owners of HKD 11,852,000 for the nine months ended September 30, 2022, compared to a profit of HKD 8,396,000 in the same period of 2021 [53]. Revenue Breakdown - Revenue for the three months ended September 30, 2022, was HKD 143,599 thousand, a slight increase of 1.05% compared to HKD 142,101 thousand in the same period of 2021 [14]. - The company's total revenue for the nine months ended September 30, 2022, was HKD 415,091 thousand, down 13.9% from HKD 483,484 thousand in the same period of 2021 [14]. - Revenue from system integration services for the three months ended September 30, 2022, was HKD 96,622 thousand, up from HKD 91,383 thousand in the same period of 2021, marking a growth of 5.1% [37]. - Revenue from maintenance services for the three months ended September 30, 2022, was HKD 37,993 thousand, down from HKD 42,403 thousand in the same period of 2021, a decrease of 10.5% [37]. - Revenue from network security services for the three months ended September 30, 2022, was HKD 8,984 thousand, compared to HKD 8,315 thousand in the same period of 2021, an increase of 8.0% [37]. - Revenue from cloud infrastructure services for the nine months ended September 30, 2022, was HKD 287,082,000, compared to HKD 370,205,000 in the previous year, reflecting a decrease of about 22.5% [42]. - The public sector contributed HKD 145,883,000 to total customer contract revenue for the nine months ended September 30, 2022, down from HKD 189,207,000 in the same period of 2021, a decline of approximately 22.8% [42]. - The private sector generated HKD 269,208,000 in revenue for the nine months ended September 30, 2022, compared to HKD 294,277,000 in the previous year, indicating a decrease of around 8.5% [42]. Expenses and Costs - The financial cost for the nine months ended September 30, 2022, increased to HKD 738 thousand, compared to HKD 591 thousand in the same period of 2021 [14]. - The company’s administrative expenses for the three months ended September 30, 2022, were HKD 16,638 thousand, a decrease from HKD 17,381 thousand in the same period of 2021 [14]. - Employee costs for the nine months ended September 30, 2022, were HKD 66,360,000, down from HKD 73,003,000 in the previous year, a reduction of approximately 9.0% [44]. - Research and development expenses for the nine months ended September 30, 2022, totaled HKD 3,724,000, compared to HKD 3,906,000 in the same period of 2021, reflecting a decrease of about 4.7% [44]. - The sales and administrative expenses for the nine months ended September 30, 2022, were approximately HKD 51.8 million, a slight increase of HKD 2.7 million or 5.6% compared to HKD 49.1 million in the previous year [63]. Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the nine months ended September 30, 2022 [11]. - The average number of ordinary shares outstanding for the nine months ended September 30, 2022, was 400,000,000 shares, unchanged from the previous year [53]. - LiquidTech sold a total of 206,000,000 shares, representing approximately 51.50% of the company's issued share capital, at a total price of HKD 59,225,000, equating to HKD 0.2875 per share [96]. - After the share purchase completion, the joint offerors and their concert parties will hold interests in a total of 248,917,327 shares, accounting for approximately 62.23% of the company's issued share capital [96]. - As of September 30, 2022, the major shareholders include Hua Zhi Investment Holdings Limited with 106,000,000 shares (26.50%) and Wei Fu Investment Development Limited with 100,000,000 shares (25.00%) of the issued share capital [91][92]. - The company has a public float of 73,670,923 shares, representing approximately 18.42% of the total issued share capital as of the report date [98]. Corporate Governance - The audit committee has reviewed the unaudited quarterly results for the nine months ended September 30, 2022 [105]. - The audit committee consists of three independent non-executive directors, with Mr. Chan Kin Ming serving as the chairman [103]. - The company has adhered to the corporate governance code provisions throughout the nine months ended September 30, 2022 [105]. - The company has committed to robust corporate governance to fulfill its responsibilities to shareholders and enhance shareholder value [102]. - The company has implemented a securities trading code for directors to ensure compliance with GEM Listing Rules [98]. Operational Insights - The company has three business segments: system integration, maintenance services, and cybersecurity services [27]. - The company faced pressure from rising employee costs in the IT industry and unfavorable currency exchange rates impacting profitability [63]. - The company did not engage in any significant acquisitions or disposals during the nine months ended September 30, 2022 [69]. - The company is actively seeking potential buyers for eleven properties as of September 30, 2022, with no significant risk of price decline anticipated [69]. - As of January 1, 2022, the unfulfilled orders stood at approximately HKD 133.4 million, which increased to HKD 244.4 million by September 30, 2022, due to service delivery delays [72]. - New bookings during the period amounted to HKD 526.1 million, while recognized revenue was HKD 415.1 million [72]. - Despite reporting a loss for the nine months ending September 30, 2022, the company noted an increase in orders and an improving situation, prompting strict cost control measures [75].
未来数据集团(08229) - 2022 Q3 - 季度财报