Financial Performance - For the nine months ended December 31, 2022, the company reported revenue of approximately HKD 296.7 million, an increase of about 220.7% compared to HKD 92.5 million in the same period of 2021[5]. - The gross profit for the same period was approximately HKD 72.8 million, representing a 124.2% increase from HKD 32.5 million in 2021[5]. - The company recorded a loss of approximately HKD 2.9 million for the nine months, a significant improvement from a loss of HKD 58.9 million in the previous year[5]. - The loss attributable to equity holders of the company for the nine months was approximately HKD 3.5 million, compared to HKD 47.7 million in 2021[5]. - The basic and diluted loss per share for the nine months was approximately HKD 0.15, a decrease from HKD 2.13 in the same period of 2021[5]. - The total comprehensive income for the nine months was a loss of approximately HKD 31.8 million, compared to a loss of HKD 36.6 million in 2021[8]. - The company reported a net loss of HKD 3,527,000 for the nine months ended December 31, 2022, compared to a loss of HKD 47,657,000 for the same period in 2021[34]. - The company’s total comprehensive loss for the nine months ended December 31, 2022, was HKD 28,655,000, including foreign exchange differences[37]. Revenue Breakdown - Revenue from prepaid card and internet payment business for the nine months ended December 31, 2022, was HKD 296,748 thousand, an increase from HKD 92,528 thousand in the same period of 2021, representing a growth of 220%[15]. - The revenue from merchant and technical support services for the nine months ended December 31, 2022, was HKD 289,964 thousand, significantly up from HKD 85,417 thousand in the same period of 2021, marking an increase of 239%[15]. - The company’s total segment revenue for the nine months ended December 31, 2022, was HKD 296,748 thousand, compared to HKD 95,245 thousand in the same period of 2021, indicating a growth of 212%[22]. - The company’s total revenue for the three months ended December 31, 2022, was HKD 119,945 thousand, compared to HKD 63,090 thousand in the same period of 2021, reflecting a growth of 90%[15]. Costs and Expenses - The total cost of services provided was about HKD 223.9 million, reflecting a 272.5% increase from HKD 60.1 million in the previous year[45]. - General administrative expenses decreased by approximately 12.1% to HKD 60.5 million from HKD 68.9 million in the previous year[46]. - Sales and distribution costs were approximately HKD 9.4 million, a decrease of about 47.8% from HKD 18.1 million in the previous year[48]. - Financing costs were around HKD 13.6 million, down 5.2% from HKD 14.4 million in the previous year[49]. - The company’s employee costs, including directors' remuneration and share-based payment costs, amounted to HKD 44,430 thousand for the nine months ended December 31, 2022, compared to HKD 37,875 thousand in the same period of 2021[24]. Taxation - The company reported a tax expense of HKD 0 for the nine months, compared to HKD 7 in the previous year[6]. - The company incurred a tax loss in various jurisdictions, resulting in no provision for Hong Kong profits tax, China corporate income tax, Singapore income tax, and Korean corporate tax for the nine months ended December 31, 2022[28]. - The company’s operating in China is subject to a corporate income tax rate of 25%, while certain subsidiaries benefit from a reduced rate of 15%[27]. - The company’s operations in Singapore and Korea are subject to income tax rates of 17% and between 10% to 25%, respectively[28]. Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules during the review period[60]. - There were no interests or potential conflicts of interest reported by directors or major shareholders in competing businesses during the review period[57]. - The company has established various committees, including a nomination committee and an audit committee, to oversee corporate governance practices[60]. - The audit committee has been established in accordance with GEM listing rules, consisting of independent non-executive directors[63]. - The audit committee reviewed the unaudited quarterly performance for the nine months ending December 31, 2022, confirming compliance with applicable accounting standards and GEM listing rules[63]. Shareholding and Securities - As of December 31, 2022, major shareholder Sino Starlet Limited holds 437,230,000 shares, representing 18.47% of the total shares[54]. - Zhang Chang, the beneficial owner of Sino Starlet, is deemed to have an interest in the same 437,230,000 shares[59]. - Vered Capital Limited holds a secured interest in 260,090,000 shares, accounting for 10.99% of the total shares[54]. - The company has not purchased, redeemed, or sold any of its listed securities during the review period[58]. - No directors or major executives have any rights to subscribe for shares or bonds of the company or its affiliates during the review period[53]. - The company has adopted trading standards for directors' securities transactions in accordance with GEM Listing Rules[61]. - No new arrangements were made that would allow directors or executives to hold interests in the company's shares or bonds during the review period[53]. Business Expansion - The prepaid card business has expanded to 15 provinces with over 1,600 partner merchants and 11 retail property developers[42]. - The company signed 196 new merchants for its internet payment services during the review period[42]. - The company aims to leverage its resources to expand its prepaid card business nationwide and enhance its consumer-oriented payment services[41]. Other Comprehensive Income - The company recognized other comprehensive income of approximately HKD 36.9 million for the three months ended December 31, 2022, compared to HKD 10.6 million in the same period of 2021[8]. - The company recognized a share-based payment expense of HKD 4,833,000 during the nine months ended December 31, 2022[37].
中国支付通(08325) - 2023 Q3 - 季度财报