Financial Performance - The group's revenue for the three months ended September 30, 2022, was approximately HKD 33,825,000, an increase of about HKD 18,379,000 or 119.0% compared to the same period last year[9] - Gross profit for the same period increased by approximately HKD 16,559,000 or 370.1% to about HKD 21,033,000[9] - The company's earnings per share for the three months ended September 30, 2022, was approximately 1.51 HK cents, compared to a loss of 0.21 HK cents for the same period in 2021[9] - The pre-tax profit for the period was HKD 9,720,000, compared to a loss of HKD 1,801,000 in the previous year[11] - Total comprehensive income for the period amounted to HKD 8,321,000, compared to a loss of HKD 2,379,000 in the same period last year[11] - The company reported a net profit attributable to equity holders of HKD 9,082,000 for the period[11] - The company’s operating expenses for the period were HKD 2,273,000, compared to HKD 9,095,000 in the previous year[11] - The company’s financing costs for the period were HKD 155,000, an increase from HKD 41,000 in the previous year[11] - The company reported a total comprehensive income of HKD 9,062 thousand for the three months ended September 30, 2022, compared to HKD 7,449 thousand in the same period last year, representing an increase of approximately 21.6%[22] - The total revenue for the period was HKD 9,062 thousand, while the total comprehensive income was HKD 6,002 thousand, indicating a significant improvement in financial performance[22] - The company experienced a loss of HKD 3,060 thousand during the three months ended September 30, 2022, compared to a loss of HKD 1,252 thousand in the previous period, reflecting a deterioration in profitability[22] - The total assets as of September 30, 2022, were reported at HKD 63,115 thousand, an increase from HKD 56,299 thousand as of June 30, 2022[22] Business Operations - The company is primarily engaged in providing network support services, network connectivity services, and e-commerce services, indicating a focus on technology and digital solutions[18] - For the three months ended September 30, 2022, the reported revenue from the e-commerce segment was HKD 16,632,000, while the network support and connection services segment generated HKD 17,193,000, totaling HKD 33,825,000[36] - The reported profit for the e-commerce segment was HKD 10,711,000, compared to a loss of HKD 1,211,000 for the same period in 2021, indicating a significant improvement[36] - E-commerce business contributed approximately HKD 16,370,000, accounting for 48.4% of total revenue for the three months ended September 30, 2022[62] - Revenue from the Malaysian market increased by approximately HKD 1,186,000 or 7.68% to about HKD 16,632,000 for the three months ended September 30, 2022[66] - The company plans to continue expanding its e-commerce and network services segments to drive future growth and profitability[36] Financial Management - The company has changed its presentation currency from Malaysian Ringgit to Hong Kong Dollar to better reflect its financial performance for shareholders and potential investors[20] - The company has not adopted any new or revised international financial reporting standards that would have a significant impact on its financial statements for the current reporting period[28] - The company’s financial statements are prepared in accordance with International Financial Reporting Standards, ensuring compliance with global accounting standards[20] - The company reported a total tax expense of HKD (275,000) for the three months ended September 30, 2022, compared to HKD 46,000 in the previous year[49] - The company did not incur any taxable profits in Hong Kong for the three months ended September 30, 2022, and thus did not make any provisions for Hong Kong profits tax[50] Shareholder Information - As of September 30, 2022, Mr. Yu holds a controlling interest in the company with 416,364,000 shares, representing approximately 69.39% of the total equity[103] - Thrive Harvest Limited, a company beneficially owned by Mr. Yu, holds 303,864,000 shares, accounting for about 50.64% of the total equity[103] - The company has a significant shareholder structure with Mr. Yu and related entities holding a majority of the shares[102] - The company has no outstanding stock options that were granted, exercised, expired, or canceled as of September 30, 2022[110] - The company has not disclosed any new strategies or market expansions in the recent reports[110] - As of September 30, 2022, there are no other significant shareholders disclosed apart from the board and senior management[102] Governance and Compliance - The audit committee consists of three independent non-executive directors as of September 30, 2022, ensuring robust oversight of financial reporting and compliance with applicable accounting standards and GEM listing rules[111] - The company adopted and complied with the corporate governance code as per GEM listing rules for the three months ending September 30, 2022, ensuring prudent regulation of business activities and decision-making processes[114] - The company has implemented appropriate checks and balances through its board and independent directors to ensure effective governance despite deviations from certain corporate governance code provisions[114] - The board of directors believes that the current structure of having the same individual serve as both chairman and CEO is in the best interest of the company, given the individual's extensive experience in relevant sectors[114] - The company has appointed Pulse Capital Limited as its compliance advisor, with no securities interests reported as of September 30, 2022, ensuring adherence to regulatory requirements[119] Future Outlook - The company plans to expand its partner network and enhance operational efficiency as its e-commerce business grows[69] - The company will continue to leverage technological innovation, focusing on the development of blockchain and NFT technologies[69] - The board believes that blockchain technology has the potential to disrupt existing financial and technology industries and is evaluating its integration into the e-commerce business[69] - Forward-looking statements in the report reflect the company's expectations regarding future events, acknowledging known and unknown risks that may significantly impact actual performance[121]
比特元宇宙(08645) - 2023 Q1 - 季度财报