GAMEONE(HK:08282)2022-11-14 08:54Financial Performance - For the three months ended September 30, 2022, the revenue was HKD 28,155,000, a decrease of 25.2% compared to HKD 37,615,000 in the same period of 2021[4] - The gross profit for the nine months ended September 30, 2022, was HKD 21,975,000, down 11.1% from HKD 24,709,000 in the same period of 2021[4] - The operating loss for the three months ended September 30, 2022, was HKD 6,144,000, compared to an operating profit of HKD 4,143,000 in the same period of 2021[4] - The total comprehensive loss attributable to owners for the nine months ended September 30, 2022, was HKD 5,971,000, compared to a loss of HKD 1,926,000 in the same period of 2021[4] - The company reported a basic and diluted loss per share of HKD 3.80 for the three months ended September 30, 2022, compared to earnings of HKD 2.58 in the same period of 2021[4] - The total operating loss for the nine months ended September 30, 2022, was HKD 7,900,000, compared to an operating loss of HKD 1,735,000 for the same period in 2021[18] - The company recorded a loss of approximately HKD 7.9 million for the nine months ended September 30, 2022, compared to a loss of HKD 1.8 million for the same period in 2021[38] Revenue Breakdown - The company’s total revenue for the nine months ended September 30, 2022, was HKD 68,077,000, an increase of 11.8% compared to HKD 61,080,000 in the same period of 2021[4] - Software services revenue for the nine months ended September 30, 2022, was HKD 23,668,000, with no revenue reported in the same period of 2021[24] - Game business revenue for the nine months ended September 30, 2022, was HKD 44,409,000, a decrease of 27.2% from HKD 61,080,000 in 2021[18] Equity and Share Capital - The total equity as of September 30, 2022, was HKD 50,032,000, an increase from HKD 34,051,000 as of January 1, 2021[6] - The company issued new shares resulting in an increase in share capital to HKD 2,400,000 as of September 30, 2022, from HKD 1,600,000 at the beginning of the year[6] - Basic loss per share for the nine months ended September 30, 2022, was calculated based on a weighted average of 161,875,458 shares, compared to 160,000,000 shares in 2021[28] Expenses and Costs - The cost of services provided increased by approximately 26.6% to HKD 46.1 million for the nine months ended September 30, 2022, up from HKD 36.4 million in the same period of 2021[33] - Administrative expenses increased by approximately 47.5% to HKD 11.8 million for the nine months ended September 30, 2022, from HKD 8.0 million in the same period of 2021[37] - Gross profit decreased by approximately 10.9% to HKD 22.0 million for the nine months ended September 30, 2022, down from HKD 24.7 million for the same period in 2021[35] - The gross profit margin fell by approximately 8.2 percentage points to 32.3% for the nine months ended September 30, 2022, compared to 40.5% for the same period in 2021[35] Other Income and Gains - The company recognized other income of HKD 1,077,000 for the nine months ended September 30, 2022, compared to HKD 274,000 in the same period of 2021, reflecting a significant increase[4] - The company experienced a foreign exchange gain of HKD 1,938,000 for the nine months ended September 30, 2022, compared to a loss of HKD 238,000 in the same period of 2021[6] Dividends and Shareholder Information - The group did not declare or pay any dividends for the nine months ended September 30, 2022, consistent with the same period in 2021[27] - No dividend was proposed for the nine months ended September 30, 2022, consistent with the previous year[39] - Major shareholders include Liu Yi with a 39.69% stake and Huang Jianying with a 16.87% stake as of September 30, 2022[41] Corporate Governance and Compliance - The audit committee reviewed the unaudited consolidated results for the nine months ended September 30, 2022, and found them compliant with applicable accounting standards and GEM listing rules[59] - The company adopted a code of conduct for directors' securities transactions, which was adhered to throughout the review period[50] - The company has complied with the corporate governance code as per GEM listing rules, with a noted deviation regarding the separation of the roles of Chairman and CEO[52] - The company maintained a public float of 25% as required by GEM listing rules as of the report date[55] Future Plans and Market Strategy - The company plans to allocate more resources to internet security technology services due to strong demand and market opportunities in mainland China[31] - The company aims to introduce more quality licensed games and focus on mobile games to strengthen its market position and enhance marketing efforts[31] Miscellaneous - No single customer contributed 10% or more to the group's revenue for the nine months ended September 30, 2022[22] - The group did not incur any taxable profits in mainland China, Taiwan, or Hong Kong for the nine months ended September 30, 2022, resulting in no tax provisions[26] - No significant acquisitions or disposals occurred during the nine months ended September 30, 2022[48] - There were no stock options granted, exercised, expired, or lapsed during the nine months ended September 30, 2022[57] - The company confirmed that no individuals or entities, apart from directors and key executives, held interests in the company's shares that required disclosure[46] - The company appointed a new independent non-executive director on January 7, 2022, ensuring compliance with gender diversity requirements[53] - The quarterly report for the nine months ending September 30, 2022, will be sent to shareholders[61] - The report will be published on the Hong Kong Stock Exchange website and the company's website[61] - Shareholders can request a printed copy of the quarterly report if they encounter difficulties receiving the electronic version[61] - No events of significant impact on the group occurred after the reporting period[60] - The company did not engage in any securities transactions involving the purchase, sale, or redemption of its listed securities during the nine months ended September 30, 2022[47]