Financial Performance - For the three months ended March 31, 2023, total revenue was HKD 71,403,000, a decrease from HKD 125,550,000 in the same period last year, representing a decline of 43.2%[1] - The company reported a loss before tax of HKD 11,266,000 for the period, compared to a loss of HKD 5,905,000 in the previous year, indicating a worsening of 90.1%[1] - The total comprehensive income for the period was a loss of HKD 14,536,000, compared to a loss of HKD 7,728,000 in the previous year, reflecting an increase in losses of 88.5%[1] - The company incurred total selling and administrative expenses of HKD 15,731,000 for the period, compared to HKD 16,670,000 in the previous year, a decrease of 5.6%[1] - The company’s foreign exchange losses amounted to HKD 19,801,000 for the period, compared to HKD 9,482,000 in the previous year, indicating a significant increase in losses of 109.8%[1] - The gross profit for the three months ended March 31, 2023, was HKD 4.52 million, down from HKD 10.66 million in 2022, reflecting a decrease of approximately 57.6%[21] - The group reported a net loss of approximately HKD 11.3 million for the three months ended March 31, 2023, an increase in loss of about HKD 5.9 million or 108.9% compared to a loss of HKD 5.4 million for the same period in 2022[77] Revenue Breakdown - The maintenance services segment generated revenue of HKD 33,256,000, which is a significant increase from HKD 36,358,000 in the previous year, showing a growth of 8.3%[1] - Total customer contract revenue for the three months ended March 31, 2023, was HKD 69.2 million, with contributions from system integration services at HKD 30.8 million, maintenance services at HKD 33.3 million, and network security services at HKD 5.15 million[30] - Revenue from system integration services decreased from HKD 83.05 million in 2022 to HKD 30.8 million in 2023, representing a decline of approximately 62.9%[30] - Revenue from maintenance services decreased slightly from HKD 36.36 million in 2022 to HKD 33.3 million in 2023, a decline of approximately 8.4%[30] - Revenue from network security services increased from HKD 4.94 million in 2022 to HKD 5.15 million in 2023, representing an increase of approximately 4.2%[30] - The revenue breakdown for the system integration, maintenance services, and cybersecurity services segments was approximately HKD 30.8 million, HKD 33.3 million, and HKD 5.2 million, accounting for 44.5%, 48.0%, and 7.5% of total revenue respectively[75] Cash and Assets - The company’s cash and cash equivalents decreased to HKD 77,546,000 as of March 31, 2023, down from HKD 89,261,000 at the same time last year, a decline of 13.1%[1] - The total assets of the company as of March 31, 2023, were HKD 135,429,000, compared to HKD 139,939,000 at the same time last year, a decrease of 3.6%[1] - As of March 31, 2023, the group's current assets net value was HKD 63.5 million, reflecting a decrease from HKD 70.4 million as of December 31, 2022[77] - The group had cash and cash equivalents of approximately HKD 78.7 million as of March 31, 2023, down from HKD 122.6 million as of December 31, 2022[77] Operational Insights - The company plans to continue expanding its system integration and network security services in the Korean and Hong Kong markets to drive future growth[2] - The company incurred research and development costs of HKD 1,247,000, slightly down from HKD 1,277,000 in the previous year[47] - The company intends to leverage its existing technological background to expand its business scope into emerging technologies such as blockchain and the metaverse[100] Shareholder Information - The group did not recommend the payment of an interim dividend for the three months ended March 31, 2023, consistent with the previous year[19] - The company has adopted a share option scheme to reward qualified individuals who contribute to the group's operations, with a total of 19,200,000 share options granted to five employees[95] - As of March 31, 2023, the total number of issued shares is 480,000,000[104] - LiquidTech Limited agreed to sell 22,917,327 shares, representing approximately 4.77% of the company's equity, to Mr. Tao on July 2, 2021[1] - Wei Fu Investment Development Limited acquired 100,000,000 shares from LiquidTech, which is wholly owned by Mr. Tao[92] - 华置投资控股有限公司 holds 142,411,750 shares, representing 29.67% of the issued share capital[106] - 偉富投資發展有限公司 holds 100,000,000 shares, representing 20.83% of the issued share capital[106] - 韩乐容女士 holds 122,917,327 shares, representing 25.60% of the issued share capital[106] - 陶虹遐女士 holds 142,411,750 shares, representing 29.67% of the issued share capital[113] - 陶國林先生 holds 122,917,327 shares, representing 25.60% of the issued share capital[113] - 李承翰先生 holds 14,000,000 shares, representing 2.92% of the issued share capital[113] Corporate Governance - The company is committed to robust corporate governance to enhance shareholder value and has adhered to the corporate governance code during the reporting period[95] - The company has adopted a written terms of reference for the audit committee as of March 31, 2023[111] - The company confirms that the information provided in the report is accurate and complete after reasonable inquiries[115]
未来数据集团(08229) - 2023 Q1 - 季度财报