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数盟资本(08375) - 2023 Q1 - 季度财报
DATA UNION CAPDATA UNION CAP(HK:08375)2023-05-12 09:02

Financial Performance - The company's revenue for the three months ended March 31, 2023, was approximately HKD 17.7 million, a decrease of about HKD 7.5 million or 29.8% compared to the same period in 2022[16]. - The gross profit margin for the three months ended March 31, 2023, was approximately 1.5%, down from 11.3% for the same period in 2022[26]. - The basic loss per share for the three months ended March 31, 2023, was approximately HKD 0.78, compared to HKD 0.39 for the same period in 2022[27]. - The total comprehensive loss for the period was HKD 2.255 million, compared to HKD 0.980 million for the same period in 2022[24]. - The company reported other income of HKD 63,000 for the three months ended March 31, 2023, down from HKD 142,000 in the same period in 2022[4]. - The company experienced a pre-tax loss of HKD 2.255 million for the three months ended March 31, 2023, compared to a loss of HKD 889,000 in the same period in 2022[4]. - For the three months ended March 31, 2023, the company reported a loss of approximately HKD 2.3 million, compared to a loss of approximately HKD 1.0 million for the same period in 2022[46]. - The company's revenue for the three months ended March 31, 2023, was approximately HKD 17.7 million, down from approximately HKD 25.2 million in the same period of 2022, representing a decrease of about HKD 7.5 million[65]. - The gross profit decreased from approximately HKD 2.9 million for the three months ended March 31, 2022, to approximately HKD 0.3 million for the same period in 2023, a decline of approximately 90.6%[64]. - The company's loss for the three months ended March 31, 2023, was approximately HKD 2.3 million, compared to a loss of HKD 1.0 million for the same period in 2022, indicating an increase in loss of about HKD 1.3 million[89]. Cost Management - The financing costs increased to HKD 221,000 for the three months ended March 31, 2023, compared to HKD 129,000 in the same period in 2022[4]. - The administrative expenses decreased to HKD 3.171 million for the three months ended March 31, 2023, from HKD 3.449 million in the same period in 2022[4]. - Sales costs decreased from approximately HKD 22.4 million for the three months ended March 31, 2022, to approximately HKD 17.4 million for the same period in 2023, a reduction of about 22.0%[65]. - Administrative expenses decreased from approximately HKD 3.4 million to HKD 3.2 million, a reduction of about HKD 0.2 million, primarily due to decreased advertising and entertainment expenses[88]. - The company's sales and distribution costs decreased from approximately HKD 0.8 million to HKD 0.7 million, a reduction of about HKD 0.1 million, mainly due to lower transportation expenses[88]. Corporate Governance - The company has adopted the trading compliance standards as per GEM Listing Rules sections 5.48 to 5.67, confirming compliance by all directors as of March 31, 2023[102]. - The company maintains a corporate governance framework and has established policies and procedures to enhance governance and oversight capabilities[105]. - The chairman and CEO, Mr. Wen, holds a 65.14% stake in the company as of the report date[124]. - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the effectiveness of internal audit functions and financial reporting processes[125]. - The company is committed to regularly reviewing and improving its corporate governance practices in line with the latest developments[120]. - The company has confirmed compliance with the corporate governance code, except for a deviation regarding the separation of the roles of chairman and CEO[119]. Strategic Initiatives - The company plans to diversify procurement channels and may relocate manufacturing activities to lower-cost regions to reduce operational costs[64]. - The company will continue to adopt aggressive pricing strategies to maintain market share despite the challenges posed by high operating costs and price competition[65]. - The company has established a financing agreement with a maximum borrowing amount of HKD 18 million, with specific conditions to be met before execution[122]. - The financing agreement aims to provide funds for asset acquisition or general working capital for its wholly-owned subsidiary, Hongfeng Technology[123]. Other Information - The company did not recommend any dividend payment for the three months ended March 31, 2023, consistent with the previous year[47]. - No significant capital commitments were reported as of March 31, 2023, compared to HKD 1.0 million as of March 31, 2022[69]. - There were no significant acquisitions or disposals during the three months ended March 31, 2023[70]. - The company has no significant contingent liabilities as of March 31, 2023[71]. - The company has not purchased, sold, or redeemed any of its listed securities during the three months ending March 31, 2023[121]. - There were no interests held by directors or major shareholders in any competing businesses as of March 31, 2023[103].