Financial Performance - The group's unaudited revenue for the nine months ended December 31, 2022, was approximately HKD 10,975,000, a decrease of about 20.1% compared to HKD 13,741,000 for the same period last year[11]. - The group's unaudited gross profit decreased from approximately HKD 5,156,000 to approximately HKD 4,167,000, a reduction of about HKD 989,000 or 19.2%[11]. - The group recorded an unaudited loss of approximately HKD 11,848,000 for the relevant period, compared to a loss of approximately HKD 8,108,000 in the previous period, an increase in loss of about HKD 3,740,000[11]. - The company's revenue decreased from approximately HKD 13,741,000 to HKD 10,975,000, a decline of about 20.1%, primarily due to reduced sales in Hong Kong[20]. - The net loss for the relevant period was approximately HKD 11,848,000, compared to a net loss of HKD 8,108,000 in the previous period, attributed to decreased revenue and increased other losses[27]. - Operating loss increased to HKD 11,731,000, compared to HKD 7,950,000 in the prior year, reflecting a 47.5% increase in losses[41]. - The net loss for the period was HKD 11,848,000, compared to HKD 8,108,000 in the same period last year, representing a 46.5% increase in losses[41]. - The company reported a basic and diluted loss per share of HKD 0.06, compared to HKD 0.04 in the previous year[41]. - The company incurred a loss attributable to equity shareholders of HKD 11,848,000 for the nine months ended December 31, 2022, compared to a loss of HKD 8,108,000 for the same period in 2021, representing an increase in loss of approximately 46%[56]. - The basic and diluted loss per share for the nine months ended December 31, 2022, was HKD 0.06, compared to HKD 0.04 in 2021, reflecting an increase in loss per share of 50%[56]. Revenue Sources - Approximately 70.3% of the group's revenue came from Hong Kong clients, while about 22.3% came from Taiwan clients, indicating a shift in revenue sources[14]. - Revenue from Hong Kong decreased by approximately 23.3% to about HKD 7,712,000 from HKD 10,058,000 in the previous period[15]. - Taiwan's revenue slightly increased to approximately HKD 2,448,000 from HKD 2,422,000, despite a challenging operating environment[16]. - Total revenue from Southeast Asia was approximately HKD 815,000, down from HKD 1,261,000 in the previous year, highlighting ongoing challenges in the region[17]. - For the nine months ended December 31, 2022, the company reported revenue of HKD 10,975,000, a decrease of 20.3% compared to HKD 13,741,000 for the same period in 2021[41]. - The company reported a decrease in revenue from Hong Kong, which was HKD 7,712,000 for the nine months ended December 31, 2022, compared to HKD 10,058,000 in 2021, a decline of approximately 23%[51]. Cost and Expenses - Service costs fell by approximately 20.7% from HKD 8,585,000 to HKD 6,808,000, consistent with the decrease in sales[21]. - Administrative and other operating expenses increased by approximately 11.9% from HKD 8,717,000 to HKD 9,751,000, mainly due to increased foreign exchange losses[25]. - Employee costs, including directors' remuneration, were HKD 9,330,000 for the nine months ended December 31, 2022, slightly up from HKD 9,207,000 in 2021, an increase of about 1.3%[53]. - The company's total comprehensive expenses for the nine months ended December 31, 2022, amounted to HKD 11,158,000, compared to HKD 8,338,000 in 2021, an increase of approximately 34%[43]. Strategic Plans - The company plans to withdraw from the Singapore market and focus resources on Malaysia, Indonesia, and the Philippines to better meet customer needs[17]. - The company continues to adjust its service offerings to meet customer demands amid increasing competition and an unstable economic environment[15]. - The company plans to recruit more talent to strengthen its team, particularly in business development, to better meet the evolving needs of existing and potential clients[18]. - The company aims to diversify its membership base across different segments, such as age groups and interests, to attract more customers[18]. - The company anticipates a recovery in the advertising industry and aims to leverage its experienced sales team and strong client relationships to boost sales[18]. Other Financial Information - Other net losses amounted to approximately HKD 1,086,000, compared to other income of approximately HKD 934,000 in the previous period, primarily due to fair value losses on UBS financial products[23]. - The company recorded a fair value loss on financial assets of HKD 1,378,000 for the nine months ended December 31, 2022, compared to a gain of HKD 822,000 in 2021, indicating a significant negative shift[52]. - The company has not issued, exercised, or cancelled any share options under its share option scheme as of December 31, 2022[38]. - There were no purchases, sales, or redemptions of the company's listed securities during the relevant period[34]. - The company has complied with all corporate governance codes except for the separation of the roles of Chairman and CEO, which are currently held by three executive directors[35]. - The audit committee has reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[40]. - There were no securities trading violations by the directors during the relevant period[37]. - For the nine months ended December 31, 2022, the company reported a total equity of HKD 22,343,000, a decrease from HKD 38,505,000 for the same period in 2021, reflecting a decline of approximately 42%[43].
源想集团(08401) - 2023 Q3 - 季度财报