Financial Performance - For the three months ended June 30, 2022, the company reported revenue of HKD 2,463,000, compared to HKD 1,428,000 for the same period in 2021, representing an increase of 72.4%[4] - The gross profit for the same period was HKD 689,000, up from HKD 509,000 in 2021, indicating a growth of 35.4%[4] - The company recorded a loss before tax of HKD 11,696,000 for the three months ended June 30, 2022, compared to a loss of HKD 7,701,000 in the prior year, reflecting an increase in losses of 51.6%[4] - The basic and diluted loss per share for the period was HKD 0.97, compared to HKD 0.78 in the same period of 2021, marking a deterioration of 24.4%[4] - The total comprehensive loss attributable to equity holders of the company was HKD 12,048,000, compared to HKD 8,123,000 in the previous year, an increase of 48.5%[13] - Merchant acquiring transaction fee income rose to HKD 1,740,000, up 48.5% from HKD 1,171,000 year-on-year[41] - The company reported a pre-tax loss of HKD 11,696,000 for the three months ended June 30, 2022, compared to a loss of HKD 7,774,000 in the same period of 2021[53] - Basic loss per share was HKD 0.0097, based on a weighted average of 1,200,000,000 shares issued, compared to HKD 0.0078 in the previous year[53] - The company recorded other income of HKD 364,000, a decrease from HKD 654,000 in the same period of 2021[43] - The company’s employee costs, including key management compensation, totaled HKD 3,853,000, compared to HKD 3,701,000 in the previous year[46] - General administrative expenses increased by approximately 64.3% to HKD 7,925,000 compared to HKD 4,824,000 in 2021, primarily due to increased R&D expenditures[83] - Sales and distribution costs rose to approximately HKD 3,347,000 from HKD 2,316,000 in 2021, attributed to higher business development expenses[84] - The financing costs for the period were approximately HKD 1,477,000, slightly up from HKD 1,395,000 in 2021[85] - The net loss attributable to the company’s owners was approximately HKD 11,696,000, an increase from HKD 7,774,000 in 2021, mainly due to higher R&D and business development expenses[86] Business Operations - The company primarily engages in merchant acquiring business in Thailand and provides payment processing services through an associate in Singapore[35] - The company continues to explore market expansion opportunities in Southeast Asia to enhance its service offerings[35] - The company is exploring expansion into local consumption payment services and cross-border e-commerce payment solutions in the Asia-Pacific region[77] - The company continues to monitor the impact of the COVID-19 pandemic on its financial condition and operational performance[77] - The company has engaged an IT firm to develop software services related to payment processing to reduce reliance on the tourism sector[77] - The company recorded ESG consulting service revenue of approximately HKD 150,000, with ESG reporting service revenue of approximately HKD 118,000, both new revenue streams for the company[79] Financial Reporting and Governance - The financial statements were prepared in accordance with applicable Hong Kong Financial Reporting Standards and GEM Listing Rules[35] - The board of directors confirmed that the financial report is accurate and complete, with no misleading or fraudulent elements[4] - The company has not adopted new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its performance and financial position[40] - The company maintains a prudent treasury policy and has sustained a robust liquidity position throughout the reporting period[91] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements and confirmed compliance with applicable accounting standards[115] - The company has adopted the corporate governance code as a benchmark since its listing on GEM on October 16, 2018[110] - The company has maintained high standards of corporate governance to protect shareholder interests and enhance corporate value[110] - No directors or major shareholders have interests in any competing businesses as of June 30, 2022[111] Shareholder Information - Major shareholders include Caijing Limited and Metagate Investment SPC, each holding 156,260,000 shares, representing 13.02% of the company's equity[103] - Straum Investments Limited and its beneficial owner, Mr. Yu, each hold 138,000,000 shares, accounting for 11.50% of the company's equity[103] - Ms. Sui holds 72,170,000 shares, which is 6.01% of the company's equity[103] - Yuanfu Group Limited holds 67,500,000 shares, representing 5.63% of the company's equity[103] - The company currently has no predetermined dividend payout ratio and does not guarantee any future dividends[88] - The company did not recommend any dividend for the three months ended June 30, 2022[55] - The board does not recommend any dividend payment for the reporting period[90] Risks and Liabilities - The company faces foreign exchange risk as its trade receivables are denominated in USD while operations are primarily in Thailand, with no outstanding foreign exchange forward contracts as of June 30, 2022[92] - As of June 30, 2022, the company had no significant contingent liabilities[94] - There were no significant investments, acquisitions, or disposals during the reporting period[95] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[109] - The company has a stock option plan in place, with 100,000,000 shares available for issuance, representing approximately 8.33% of the total issued shares as of the report date[114]
东方支付集团控股(08613) - 2023 Q1 - 季度财报