Financial Performance - For the nine months ended September 30, 2022, the group's revenue was approximately HKD 4.0 million, a decrease of about 27.6% compared to approximately HKD 5.5 million for the same period in 2021[6]. - The group recorded a total comprehensive loss of approximately HKD 13.3 million for the period, an increase of about 2.5% compared to approximately HKD 13.0 million for the same period in 2021[6]. - Revenue from electronic gaming equipment sales and distribution decreased by approximately 74%, while revenue from consulting and technical services increased by 49.5%[6]. - The gross loss for the nine months ended September 30, 2022, was approximately HKD 1.08 million, compared to a gross profit of HKD 603,132 for the same period in 2021[7]. - Total revenue for the nine months ended September 30, 2022, was HKD 4,019,356,000, down from HKD 5,548,387,000 in the previous year, representing a decline of approximately 27.6%[16]. - The company reported a net loss attributable to shareholders of HKD 13,333,956,000 for the nine months ended September 30, 2022, compared to a loss of HKD 13,006,806,000 in the previous year[24]. - The gross profit margin fell from approximately 10.9% in the previous period to about -26.9% in the current period, primarily due to a significant decline in the gross margin of electronic gaming equipment sales[40]. - The group recorded a loss attributable to shareholders of approximately HKD 13.3 million, compared to HKD 13.0 million in the same period last year[46]. Revenue Breakdown - Revenue from electronic gaming equipment business decreased by approximately 74% to HKD 998,305,000 compared to HKD 3,845,831,000 in the same period last year[16]. - Consulting and technical services revenue increased by 49.5% to HKD 2,025,131,000 from HKD 1,354,531,000 year-on-year[16]. - 92% of the company's revenue came from customers in the Macau SAR, while 8% came from outside the region, compared to 79% and 21% respectively in the same period last year[17]. Operating Expenses and Costs - Operating expenses for the period were approximately HKD 12.7 million, a decrease from approximately HKD 13.5 million in the same period last year[7]. - The total employee costs increased to HKD 9,525,761,000 from HKD 9,307,570,000, reflecting a rise of approximately 2.3% year-on-year[22]. - Operating expenses decreased by about 5.9% from approximately HKD 13.5 million to about HKD 12.7 million, attributed to voluntary salary reductions by senior management[41]. Dividends and Shareholder Information - The board of directors decided not to declare a dividend for the period, consistent with the same period last year[6]. - As of September 30, 2022, the company’s major shareholders include Mr. Xu with 294,759,680 shares (29.47%), Mr. Wu with 289,259,680 shares (28.92%), and Mr. Chen with 151,580,640 shares (15.16%) of the total issued shares[63]. - The combined shareholding of Mr. Xu, Mr. Wu, and Mr. Chen amounts to 733,710,000 shares, representing approximately 73.37% of the total issued shares[68]. - The company did not report any significant changes in shareholdings or any other major events that require disclosure after the reporting period[72]. Business Operations - The group's main business segments include electronic gaming equipment and smart vending machine operations in Macau and the Greater Bay Area[12]. - The company has not presented separate financial information for its single operating segment as it has only one business segment[15]. - The company installed 31 vending machines and 16 coffee vending machines in Macau, and 4 coffee vending machines and 1 vending machine in Zhuhai, Guangdong[32]. - The smart vending machine business generated revenue of approximately HKD 0.7 million with a gross loss of about HKD 0.3 million during the period[32]. - The total capital expenditure for vending machines was approximately HKD 2.72 million[32]. - The company established a new wholly-owned subsidiary in Hong Kong to engage in metaverse and related businesses, aiming to expand into online and digital opportunities[32]. Financial Compliance and Governance - The financial statements were prepared in accordance with International Financial Reporting Standards and have not been audited[13]. - The group maintained a cautious treasury policy, ensuring all cash was held in licensed financial institutions as of September 30, 2022[56]. - The group recorded a net foreign exchange loss of HKD 47,260 during the period, compared to a loss of HKD 59,265 in the same period last year[60]. - The company has complied with all applicable provisions of the Corporate Governance Code during the reporting period[70]. - The Audit Committee has reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards and legal requirements[76].
亚洲先锋娱乐(08400) - 2022 Q3 - 季度财报