Financial Performance - For the three months ended June 30, 2022, the group reported revenue from continuing operations of approximately HKD 122,990,000, an increase of about 801% compared to HKD 13,654,000 in the same period of 2021[5] - The gross profit for the same period was approximately HKD 21,980,000, representing an increase of about 79% from HKD 12,263,000 in the previous year[5] - The loss from continuing operations for the three months ended June 30, 2022, was approximately HKD 2,260,000, a significant reduction from a loss of HKD 12,990,000 in the same period of 2021[5] - The loss attributable to equity holders of the company for the same period was approximately HKD 2,160,000, compared to HKD 15,790,000 in the previous year[5] - The basic and diluted loss per share attributable to equity holders of the company from continuing operations was HKD 0.09, down from HKD 0.41 in the same period of 2021[10] - The total comprehensive loss for the period was HKD 16,172,000, compared to HKD 9,765,000 in the previous year[12] - The company recorded a net loss attributable to equity holders of approximately HKD 2,200,000, with a basic loss per share of HKD 0.09[59] Revenue Sources - For the three months ended June 30, 2022, the company reported total revenue of HKD 122,993, an increase from HKD 13,654 in the same period of 2021[19] - The prepaid card and internet payment business generated revenue of HKD 122,869, while the high-end equity business contributed HKD 124[24] - Revenue from prepaid card and internet payment services accounted for approximately HKD 122,900,000, while high-end benefits business contributed about HKD 100,000[54] - The prepaid card and internet payment business achieved a robust growth of approximately 810% during the review period[52] Expenses and Costs - The total operating expenses, including employee costs, amounted to HKD 14,957 for the current period, up from HKD 12,130 in the previous year[30] - General administrative expenses decreased to HKD 19,169,000 from HKD 20,636,000 in the previous year[7] - General administrative expenses were approximately HKD 19,200,000, a decrease of about 7.1% compared to the previous period[56] - Sales and distribution costs were approximately HKD 3,100,000, reflecting an increase of about 39.4% due to the expansion of prepaid card and internet payment services[57] - Financing costs were approximately HKD 4,500,000, a decrease of about 9.8% due to a reduction in bond principal[58] Taxation - The company did not recognize any Hong Kong profits tax provision due to tax losses carried forward from previous years[32] - The group operates under a 25% corporate income tax rate in China, with certain subsidiaries benefiting from a reduced rate of 15%[33] - The group has a tax rate of 17% for operations in Singapore, and 10% to 25% for operations in South Korea[34] - The group did not recognize any tax provisions for corporate income tax in China, Singapore, or South Korea for the three months ended June 30, 2022, due to ongoing tax losses[34] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules during the review period[73] - The Audit Committee has reviewed the unaudited quarterly results and confirmed compliance with applicable accounting standards and GEM Listing Rules[76] - The company has established various committees, including the Audit Committee, to oversee financial reporting and risk management[73] - No interests or potential conflicts of interest were reported by directors or major shareholders in competing businesses during the review period[71] - The board of directors is responsible for overseeing the company's overall strategy and development, ensuring compliance with internal controls and financial performance evaluation[73] Shareholder Information - As of June 30, 2022, Mr. Zhang holds approximately 437,230,000 shares, representing 18.47% of the company's equity[68] - Vered Capital Limited has a secured interest in 260,090,000 shares, accounting for 10.99% of the total[68] - The weighted average number of ordinary shares issued for the three months ended June 30, 2022, was 2,367,618,693 shares, compared to 1,977,354,957 shares for the same period last year[40] Dividends - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2022, consistent with the previous year[5] - No dividends were recommended for the three months ended June 30, 2022, consistent with the previous year[36] Business Focus - The group’s operational focus remains on the prepaid card and internet payment business in China, as well as the high-end equity business[21] - The prepaid card business has expanded to 15 provinces with over 1,600 partner merchants and 11 retail property developers[52] - The company is focusing on establishing partnerships with major commercial and retirement property developers to support strong business growth[54] Other Income - The group recorded other income of HKD 1,874,000 for the three months ended June 30, 2022, compared to HKD 954,000 in the same period of 2021[7] - The company reported a total of HKD 1,874 in unallocated other income for the current period[24]
中国支付通(08325) - 2023 Q1 - 季度财报