Financial Performance - For the three months ended December 31, 2022, the company reported revenue of HKD 13,249,000, an increase of 5.3% compared to HKD 12,578,000 for the same period in 2021[6]. - For the nine months ended December 31, 2022, total revenue reached HKD 41,379,000, up 11.5% from HKD 37,217,000 in the previous year[6]. - The company recorded a net profit of HKD 1,325,000 for the three months ended December 31, 2022, down 44.6% from HKD 2,390,000 in the same period of 2021[6]. - Basic earnings per share for the three months ended December 31, 2022, were HKD 0.33, a decrease of 45.0% compared to HKD 0.60 in the prior year[6]. - The total comprehensive income for the nine months ended December 31, 2022, was HKD 7,781,000, compared to HKD 8,574,000 for the same period in 2021, reflecting a decline of 9.3%[6]. - The company reported a net loss of HKD 991,000 for the nine months ended December 31, 2022, compared to a profit of HKD 470,000 in the same period of 2021[19]. - Profit attributable to the company's owners for the nine months ended December 31, 2022, was approximately HKD 7.8 million, a decrease of about 9% from HKD 8.6 million in the same period of 2021[33]. Revenue Sources - Revenue from licensing and maintenance services for the nine months ended December 31, 2022, was HKD 32,707,000, up 12.5% from HKD 29,070,000 in the previous year[14]. - Other income for the nine months ended December 31, 2022, totaled HKD 1,943,000, significantly increasing from HKD 201,000 in the same period of 2021[18]. - The company received approximately HKD 1,000,000 in wage subsidies under the Hong Kong government's employment support scheme for the period from May to July 2022[18]. Expenses and Costs - Total expenses for the nine months ended December 31, 2022, were HKD 7,349,000, compared to HKD 3,825,000 in the same period of 2021, reflecting a 92.5% increase[21]. - Employee benefit expenses for the three months ended December 31, 2022, were HKD 5,225,000, a decrease of 5.4% from HKD 5,524,000 in the previous year[6]. - Research and development expenses for the nine months ended December 31, 2022, were approximately HKD 11.9 million, compared to HKD 10.6 million in the previous year[40]. - Other expenses rose by approximately 92% to about HKD 7.3 million, mainly due to an increase in trade receivables impairment provisions by approximately HKD 2.5 million[47]. Equity and Assets - The company’s total equity as of December 31, 2022, was HKD 131,790,000, an increase from HKD 124,801,000 as of April 1, 2022[8]. - All revenue for the nine months ended December 31, 2022, was generated in Hong Kong, with non-current assets located in Hong Kong and China[16]. Corporate Governance - The company is committed to high standards of corporate governance, adhering to the principles and code provisions of the GEM Listing Rules[54]. - The company has established an audit committee to oversee financial reporting and internal controls[75]. - No directors or major shareholders have reported any conflicts of interest during the relevant period[74]. Future Plans and Strategies - The company plans to continue expanding its market presence and investing in new technology solutions to enhance its service offerings[9]. - The company has implemented strategies to manage costs effectively, resulting in a reduction in certain operational expenses[9]. - Future focus will be on the development of innovative IT products and services, as well as reliable financial trading solutions[34]. - A subsidiary, Shenzhen Gaopu Yi Technology Co., Ltd., was established in June 2022 to explore business opportunities in China and provide reliable human resources support[34]. Share Options and Ownership - The unexercised options under the 2019 share option scheme as of December 31, 2022, totaled 26.4 million shares after accounting for 6.0 million options that were forfeited during the period[58]. - The company adopted a share option scheme on March 29, 2019, to incentivize and reward contributions from eligible participants[55]. - The effective tax rate, excluding non-deductible corporate expenses post-listing, was approximately 19.4% for the nine months ended December 31, 2022, compared to 17.3% for the same period in 2021[51]. - The company recognized share-based payment expenses of approximately HKD 8,000 for the nine months ended December 31, 2022, compared to HKD 6,000 in 2021[64].
连成科技集团(08635) - 2023 Q3 - 季度财报