Revenue Performance - The company reported total revenue of approximately HKD 18,500,000 for the reporting period, a decrease of HKD 4,400,000 compared to HKD 22,900,000 for the same period last year[18]. - Revenue from the big data center services segment was approximately HKD 16,200,000, down HKD 4,500,000 from HKD 20,700,000 in the same period last year[18]. - Revenue from the lending business increased to approximately HKD 2,330,000, an increase of HKD 80,000 compared to HKD 2,250,000 in the same period last year[19]. - Revenue from continuing operations for the three months ended September 30, 2023, was HKD 6,225 thousand, down 18.5% from HKD 7,635 thousand in the same period of 2022[43]. - Revenue from continuing operations for the nine months ended September 30, 2023, was HKD 18,525 thousand, a decrease of 19.2% compared to HKD 22,905 thousand for the same period in 2022[43]. Loss and Financial Position - The company recorded a loss of approximately HKD 11,300,000, a reduction of HKD 18,400,000 or 62% compared to a loss of HKD 29,700,000 in the same period last year[21]. - The total comprehensive loss attributable to owners of the company for the nine months ended September 30, 2023, was HKD 11,294,000, a significant reduction from HKD 29,663,000 in the same period last year[37]. - For the three months ended September 30, 2023, the company reported a loss attributable to owners of the company from continuing operations of HKD (2,181) thousand, compared to a loss of HKD (1,733) thousand for the same period in 2022, representing a 26% increase in loss[39]. - For the nine months ended September 30, 2023, the loss attributable to owners from continuing operations was HKD (7,737) thousand, a decrease of 47% compared to HKD (14,641) thousand for the same period in 2022[39]. - The company reported a total loss attributable to owners of HKD (2,425) thousand for the three months ended September 30, 2023, compared to HKD (4,252) thousand for the same period in 2022[54]. Business Segments - The Group's data center services generated revenue of approximately HKD 16,200,000, a decrease of about HKD 4,500,000 compared to the same period in 2022, primarily due to a decline in cryptocurrency prices affecting rental fees[8]. - The Group's data center has a maximum processing capacity of approximately 1,400 kWh and commenced operations in November 2021[7]. - The Group's data center services ceased operations in Sichuan Province, China, prior to 2022, and did not generate revenue during the reporting period[8]. - The lending business generated revenue of approximately HKD 2,300,000 during the reporting period[11]. Lending Activities - The Group's subsidiary obtained a money lender license under the Money Lenders Ordinance in January 2020, expanding its revenue sources[10]. - A loan of HKD 30,000,000 was granted to an independent third party with a term of 24 months at an annual interest rate of 10%[10]. - The Group has implemented internal control measures to manage risks associated with its lending activities[12]. - The Group's lending activities include a second loan agreement for HKD 3,000,000 at an annual interest rate of 10% with a 24-month term[10]. - The Group's management emphasizes the importance of credit risk assessment and internal controls in its lending operations[14]. Strategic Plans and Investments - The company plans to invest resources in blockchain technology research and web 3.0 applications to provide related application services[22]. - The company is focused on expanding its big data center business, including developing data centers in overseas markets such as North America and Southeast Asia[23]. - The company has entered into a contract with Green Land Energy Inc. for consulting services related to the construction of a new data center in the United States, expected to be completed in Q4 2023[25]. - The acquisition of 55% of Your Choice, a company operating data centers in the United States, is still pending completion[23]. - The company will continue to review its operational and financial conditions to formulate long-term business development plans and explore other business opportunities[22]. Shareholder and Equity Information - As of September 30, 2023, the company had a total issued share capital of HKD 54,841,000, unchanged from the previous year[58]. - The total number of issued shares as of September 30, 2023, is 548,408,822 shares[72]. - Wan Feng Industrial Co., Ltd. holds 279,815,740 shares, representing 51.02% of the total issued shares[69]. - Ever Marvel Group Limited owns 67,548,564 shares, accounting for 12.32% of the total issued shares[69]. - The company has not declared any dividends for the nine months ended September 30, 2023[26]. Audit and Compliance - The company has established an audit committee responsible for overseeing financial reporting and risk management processes[76]. - The audit committee consists of three independent non-executive directors, ensuring compliance with applicable accounting standards[76]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the reporting period[60]. - No share options were granted, exercised, lapsed, or cancelled during the reporting period[70].
加幂科技(08198) - 2023 Q3 - 季度财报