Financial Performance - The company recorded revenue of approximately HKD 47.9 million for the year ended December 31, 2021, a decrease of about 12.6% compared to HKD 54.8 million in 2020[7]. - The loss attributable to the owners of the parent company for the year ended December 31, 2021, was approximately HKD 15.7 million, compared to a loss of HKD 3.7 million in the previous year[7]. - Total revenue decreased by approximately HKD 6.9 million or 12.6% to about HKD 47.9 million for the year ended December 31, 2021, compared to approximately HKD 54.8 million for the year ended December 31, 2020[13]. - Other income decreased significantly by approximately 93.0% from about HKD 4.3 million in the previous year to about HKD 0.3 million for the year ended December 31, 2021, mainly due to the termination of government subsidies and a decline in bank interest income[31]. - The group maintained a net cash position as of December 31, 2021, with current assets of approximately HKD 65.8 million, down from HKD 79.9 million in the previous year[37]. - The group's debt ratio as of December 31, 2021, was approximately 3.1%, compared to 2.5% in the previous year[40]. - The group recorded a loss attributable to equity holders of approximately HKD 15.7 million for the year ended December 31, 2021, compared to a loss of approximately HKD 3.7 million in the previous year[27]. Revenue Breakdown - The group's online backup software and related services revenue decreased by approximately HKD 8.9 million or 16.8% to about HKD 44.2 million for the year ended December 31, 2021, compared to approximately HKD 53.1 million for the year ended December 31, 2020[13]. - Revenue from the group's information platform increased by approximately HKD 2.0 million or 117.6% to about HKD 3.7 million for the year ended December 31, 2021, compared to approximately HKD 1.7 million for the year ended December 31, 2020[13]. Market Challenges - The decline in revenue was primarily due to the adverse effects of the COVID-19 pandemic, particularly in Europe, and increased competition in the global market[8]. - The company anticipates that the global business environment will remain challenging in 2022 due to the emergence of more transmissible COVID-19 variants[9]. - The company aims to strengthen operational cost control to mitigate the impact of the pandemic on its performance[9]. Strategic Initiatives - The company adjusted its pricing strategy to attract potential customers in response to intense competition from open-source backup solutions[8]. - The company plans to continuously review the effectiveness of its strategies in response to the ongoing uncertainties caused by the pandemic[9]. - The company continues to invest in SaaS products and related services to enhance customer experience and increase market share in the backup software sector[25]. Product Development - The AhsayTM backup software version 9 was launched in January 2022, with further upgrades to the software's features planned[9]. - Ahsay launched a new cloud backup subscription solution named CloudBacko Go in the second half of 2021, targeting individuals, SOHOs, and businesses[25]. - The ninth version of Ahsay backup software was launched in January 2022, introducing new features to improve user experience[25]. Employee and Operational Insights - As of December 31, 2021, the group had 99 employees, a decrease from 125 in 2020, primarily due to improved labor efficiency[45]. - Employee costs and related expenses decreased by approximately 4.1% from about HKD 46.5 million in the previous year to about HKD 44.6 million for the year ended December 31, 2021[32]. - The group did not experience any operational disruptions due to strikes or major labor disputes during the year[46]. Corporate Governance - The board consists of three executive directors, one non-executive director, and three independent non-executive directors as of December 31, 2021[128]. - The company has adopted a set of corporate governance principles based on high-quality board leadership and effective internal controls[127]. - The board confirmed its responsibility for the effectiveness of the risk management and internal control systems, which are designed to manage rather than eliminate risks[162]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the importance of strong environmental, social, and governance (ESG) performance for sustainable development[182]. - The company conducted a materiality assessment to identify key ESG issues, focusing on social aspects such as employment, labor standards, and community investment[187]. - The company achieved a reduction of at least 2% in indirect emissions per unit floor area compared to the previous year, despite relocating to a larger office[194]. Shareholder Relations - The board of directors did not recommend the distribution of any dividends for the year ended December 31, 2021, considering various financial and operational factors[77]. - The company has adopted a general dividend policy aimed at providing shareholders with a share of the group's profits, subject to various considerations[76]. - The company has established communication channels with shareholders and investors, ensuring timely and accurate information disclosure[168].
亚势备份(08290) - 2021 - 年度财报