Financial Performance - The company recorded revenue of approximately HKD 31.1 million for the nine months ended September 30, 2023, a decrease of about 7.2% compared to HKD 33.5 million for the same period in 2022[4]. - The company achieved a profit attributable to equity holders of approximately HKD 1.9 million for the nine months ended September 30, 2023, compared to a loss of approximately HKD 2.2 million in the same period of 2022[4]. - Total revenue for the nine months ended September 30, 2023, was HKD 31,082,000, a decrease of 7.1% compared to HKD 33,470,000 for the same period in 2022[35]. - The company reported a profit before tax of HKD 1,919,000 for the nine months ended September 30, 2023, compared to a loss of HKD 2,323,000 for the same period in 2022[35]. - The net profit for the nine months ended September 30, 2023, was HKD 1,867,000, a significant improvement from a loss of HKD 2,396,000 in the same period last year[35]. - The basic and diluted earnings per share for the nine months ended September 30, 2023, was HKD 0.09, compared to a loss per share of HKD 0.11 for the same period in 2022[35]. - For the nine months ended September 30, 2023, the profit attributable to equity holders of the parent was HKD 1,893,000, compared to a loss of HKD (2,156,000) for the same period in 2022, indicating a turnaround in performance[58]. Revenue Breakdown - Online backup software revenue decreased by approximately HKD 2.9 million or 9.6% to HKD 27.3 million for the nine months ended September 30, 2023[20]. - Information platform revenue increased by approximately HKD 0.5 million or 15.2% to HKD 3.8 million for the nine months ended September 30, 2023[20]. - Revenue from software licensing rights decreased to HKD 1,468,000, down 42% from HKD 2,533,000 year-over-year[48]. - Revenue from software maintenance services was HKD 13,811,000, a slight decrease of 3.9% from HKD 14,373,000 in the previous year[48]. Cost Management - Employee costs decreased by approximately HKD 3.0 million or 11.9% to about HKD 22.2 million for the nine months ended September 30, 2023, primarily due to cost control measures including team restructuring[9]. - The cost of goods sold for the nine months ended September 30, 2023, was HKD 10,374,000, a slight decrease of 4.1% from HKD 10,818,000 in the previous year[35]. - Employee costs and related expenses totaled HKD 22,152,000 for the nine months ended September 30, 2023, down 12% from HKD 25,156,000 in 2022[51]. - Research and development costs included in employee costs were HKD 7,766,000, a decrease of 18% from HKD 9,478,000 in the previous year[51]. Other Income and Financial Position - Other income increased by approximately HKD 0.3 million or 21.4% to about HKD 1.7 million for the nine months ended September 30, 2023, mainly due to higher average interest rates on fixed deposits[6]. - The company reported a net other income of approximately HKD 1.9 million for the nine months ended September 30, 2023, an increase of about HKD 2.6 million from a net loss of approximately HKD 0.7 million in the same period of 2022[7]. - The company maintained a net cash position as of September 30, 2023, with current assets of approximately HKD 63.1 million[12]. - Total liabilities ratio was zero as of September 30, 2023, compared to 2.8% as of December 31, 2022, indicating a strong financial position[16]. Corporate Governance and Compliance - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules[30]. - The audit committee has reviewed the financial information for the nine months ended September 30, 2023, and confirmed compliance with applicable accounting standards[34]. - The company has maintained compliance with the corporate governance code as per GEM Listing Rules throughout the reporting period[31]. Shareholder Information - As of September 30, 2023, major shareholders hold approximately 75% of the company's shares, with significant stakes held by related parties[25]. - The company has issued a total of 2,000,000,000 shares, with All Divine holding 1,500,000,000 shares, representing 75% of the total issued shares[29]. Strategic Developments - The new version of AhsayTM backup software, launched in 2022, includes features like "deduplication" and "immutable backup" to enhance data protection and storage efficiency[21]. - The "immutable backup" feature allows service providers to maintain unaltered backup copies, protecting against accidental or malicious modifications[21]. - The "recovery drill" feature enables service providers to conduct regular disaster recovery tests to ensure backup data is recoverable[21]. - The KINBOY platform provides online access to horse racing information, with free members receiving basic updates and paid members accessing comprehensive data including "cloud data" for analysis[23]. - The KINTIPS platform aims to facilitate information sharing between providers and users, although its revenue contribution remains minimal[23]. - The management anticipates stable growth for the information platform segment due to increasing mobile app usage and user engagement[24]. Loss of Control Over Subsidiary - The group lost control over its subsidiary Ahsay Korea Co., Ltd., which was previously 52.17% owned, and it is now classified as a financial investment measured at fair value through other comprehensive income[60]. - Upon losing control, the net assets of Ahsay Korea included total assets of HKD 2,077,000 and total liabilities of HKD (4,125,000), resulting in a net liability position[61]. - The cash outflow from the termination of consolidation of Ahsay Korea was HKD 17,000, reflecting the cash balance at the time of loss of control[61].
亚势备份(08290) - 2023 Q3 - 季度财报