Financial Performance - The company recorded a net profit of HKD 4,284,000 for the three-month period, while the net loss for the nine-month period narrowed to HKD 6,394,000[4] - The operating profit for the three-month period was HKD 3,376,000, while the nine-month period recorded an operating loss of HKD 9,953,000[5] - Basic earnings per share for the three-month period was HKD 0.76, while the nine-month period showed a basic loss per share of HKD 0.93[6] - The group reported a net profit of HKD 4,284,000 for the three-month period, narrowing the total net loss for the nine-month period to HKD 6,394,000[31] - The net profit for the three-month period decreased by 53.4% to HKD 2,114 million[53] Revenue and Contracts - Total revenue for the nine-month period reached HKD 332,442,000, representing an increase of 14.70% compared to the same period in 2022[15] - The group recorded total revenue of HKD 332,442,000 for the nine-month period, reflecting a growth of 14.70% compared to the same period in 2022[30] - New contracts obtained by the Hong Kong team during the nine-month period amounted to HKD 37,300,000, a decrease of approximately 40% compared to the same period in 2022[4] - The Macau team secured contracts worth HKD 121,800,000 during the nine-month period, up from HKD 37,400,000 in the same period last year[15] - The total contracts obtained from non-gaming customers during the nine-month period amounted to HKD 103,400,000, with over 74% coming from the Macau government[24] - The total engineering orders obtained during the nine-month period amounted to HKD 343,900,000, a decrease of approximately 25% compared to the same period in 2022[23] - The total order amount for the software-defined networking and data network infrastructure business in mainland China was HKD 81,300,000, down from HKD 206,600,000 in the same period last year[15] - The group signed contracts worth HKD 7,700,000 with various telecom service providers in Jiangxi, Hebei, and Shanghai during the three-month period[27] Market Conditions and Competition - The gross profit margin for the nine-month period was slightly below 20%, indicating pressure from increased market competition[30] - The company faced intensified competition in the managed services sector, impacting the performance of its software-defined networking business[25] - The group anticipates continued pressure on its gross profit margin across all business segments and operational markets due to competitive dynamics[30] Cash and Assets - The company's cash balance and financial instruments totaled HKD 105,182,000, accounting for 26.88% of total assets as of September 30, 2023[15] - Total equity as of September 30, 2023, was HKD 198,449 million, with cash and financial instruments totaling HKD 105,182 million, representing 26.88% of total assets[57] - The fair value of TTSA's investment as of September 30, 2023, was HKD 37,477 million, accounting for 9.58% of the group's total assets[54] Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the nine-month period[21] - The company did not recommend the payment of an interim dividend for the nine-month period to ensure sufficient operating funds[57] - Major shareholder Li Hanjian family holds 357,945,500 shares, representing 58.10% of total shares as of September 30, 2023[60] - No shares were repurchased or sold by the company or its subsidiaries during the nine-month period ending September 30, 2023[62] Expenses and Financial Challenges - Sales, marketing, and administrative expenses increased by 8.79% to HKD 72,183 million during the nine-month period[56] - The company faced foreign exchange losses due to the depreciation of the Chinese yuan, contributing to increased expenses[56] Other Developments - The group is closely monitoring developments regarding the conditional sale agreement with the East Timor government, involving a cash payment of HKD 42,627,000 and assuming liabilities exceeding HKD 122,789,000[28] - The backlog of orders increased by HKD 343,900,000 during the nine-month period, driven by strong demand for high-end routers and switches[30] - The total revenue from the gaming sector in Macau reached HKD 125,009 million for the nine-month period, approximately 58% of the pre-pandemic levels in 2019[49] - The company secured contracts worth HKD 121,800 million from various gaming operators during the nine-month period, a significant increase from HKD 37,400 million in the same period last year[49] - For the three-month period, TTSA recorded revenue of HKD 46,874 million, a slight decline of about 2% compared to the same period last year[53]
爱达利网络(08033) - 2023 Q3 - 季度财报