Financial Performance - The company recorded revenue of approximately HKD 11.5 million for the three months ended March 31, 2022, a decrease of about 5.0% compared to HKD 12.1 million in the same period of 2021[4]. - Revenue for the three months ended March 31, 2022, was HKD 11,472,000, a decrease of 5.1% compared to HKD 12,085,000 for the same period in 2021[47]. - Revenue from online backup services decreased by approximately HKD 0.9 million or 8.0% to about HKD 10.3 million for the three months ended March 31, 2022, due to prolonged recovery from the COVID-19 pandemic and intense market competition[19]. - Revenue from the information platform increased by approximately HKD 0.3 million or 33.3% to about HKD 1.2 million for the three months ended March 31, 2022[19]. - The company reported a loss attributable to equity holders of the parent company for the three months ended March 31, 2022, was approximately HKD 1.1 million, a significant reduction of about 75.6% from a loss of approximately HKD 4.5 million in the same period of 2021[19]. - The company reported a loss attributable to ordinary shareholders of HKD 1,051,000 for the three months ended March 31, 2022, compared to a loss of HKD 4,501,000 for the same period in 2021, indicating a significant improvement in performance[59]. - Total comprehensive loss for the period was HKD (1,237,000), compared to HKD (4,688,000) in the same quarter of the previous year, reflecting a significant reduction in losses[36]. Cost Management - Employee costs and related expenses decreased by approximately HKD 3.6 million or 28.6% to about HKD 9.0 million for the three months ended March 31, 2022, primarily due to cost control measures including team restructuring[7]. - The cost of goods sold was HKD (62,000), down from HKD (143,000) year-over-year, indicating improved cost management[36]. - Employee costs totaled HKD 9,030,000, down 28.5% from HKD 12,578,000 in the same period last year[52]. - Research and development costs included in employee costs were HKD 3,860,000, a decrease from HKD 5,407,000 in the previous year[52]. Assets and Liabilities - Total assets as of March 31, 2022, were approximately HKD 62.5 million, down from HKD 65.8 million as of December 31, 2021[13]. - The company's debt ratio as of March 31, 2022, was approximately 3.2%, slightly up from 3.1% as of December 31, 2021[16]. - The company did not have any significant capital commitments or contingent liabilities as of March 31, 2022[17]. - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended March 31, 2022[18]. Shareholder Information - As of March 31, 2022, the company has issued 2,000,000,000 shares, with All Divine Investments Limited holding 1,500,000,000 shares, representing 75% of the total issued shares[23]. - Major shareholders, including directors and their spouses, collectively hold 75% of the company's shares, indicating strong insider ownership[25]. - The weighted average number of ordinary shares used to calculate basic and diluted loss per share remained constant at 2,000,000 shares for both periods[59]. - The company has not issued any share options under the share option scheme since its adoption in September 2015[32]. - The company did not declare or propose any dividends to ordinary shareholders during the two periods[58]. Taxation - The effective tax rate for the company's subsidiaries in China was 25%, but no tax provision was made due to the absence of taxable profits[56]. - The company incurred current tax expenses of HKD 58,000 for Hong Kong profits tax for the three months ended March 31, 2022, compared to HKD 31,000 for the same period in 2021[55]. - Deferred tax expenses resulted in a credit of HKD 56,000 for the three months ended March 31, 2022, compared to a credit of HKD 36,000 for the same period in 2021[55]. - The company has no subsidiaries in the Cayman Islands and the British Virgin Islands that are subject to income tax[55]. - The company’s subsidiaries in other jurisdictions are subject to tax rates applicable in those jurisdictions[57]. Business Operations - The company launched the AhsayTM backup software version 9 in January 2022, featuring advanced solutions for on-premise and cloud backup, including deduplication to save storage space[20]. - The new version supports Microsoft 365 backup, enhancing user experience and management capabilities through a web-based centralized management controller[20]. - The information platform, KINBOY, has seen significant revenue contributions, particularly during the fifth wave of COVID-19 in Hong Kong, as users increasingly turned to digital solutions[21]. - The company continues to focus on providing online backup software solutions through its subsidiaries[40]. - The company continues to focus on its core segments of online backup software and information platform services for future growth[46]. Compliance and Governance - The audit committee reviewed the financial information for the three months ended March 31, 2022, ensuring compliance with applicable accounting standards and GEM listing rules[35]. - The company has not reported any conflicts of interest or competitive business interests among its directors and major shareholders as of March 31, 2022[29]. - The company did not experience any significant impact from the revised Hong Kong Financial Reporting Standards adopted during the period[44]. - There were no purchases, redemptions, or sales of the company's listed securities during the reporting period[34]. - The financial statements are presented in the functional currency of Hong Kong dollars (HKD)[41].
亚势备份(08290) - 2022 Q1 - 季度财报