Financial Performance - For the nine months ended September 30, 2023, the company's revenue was HKD 333,540,000, a decrease of 15% compared to HKD 392,272,000 for the same period in 2022[4] - The gross profit for the nine months ended September 30, 2023, was HKD 4,850,000, down 88.9% from HKD 40,137,000 in the previous year[4] - The company reported a net loss of HKD 190,481,000 for the nine months ended September 30, 2023, compared to a profit of HKD 80,232,000 in the same period of 2022[4] - The basic loss per share for the nine months ended September 30, 2023, was HKD (1.89), compared to earnings of HKD 0.24 per share in the previous year[4] - The total comprehensive loss for the nine months ended September 30, 2023, was HKD 236,391,000, compared to a loss of HKD 22,372,000 in the same period of 2022[5] - The company recorded a loss attributable to shareholders of approximately HKD 179.6 million for the nine months ended September 30, 2023, compared to a profit of HKD 23 million in the same period of 2022[20] - The EBITDA for the nine months ended September 30, 2023, was HKD 20.3 million, with an EBITDA margin of 6.1%, down from 72.3% in the same period of 2022[22] Revenue Sources - Revenue from data center services for the nine months ended September 30, 2023, was HKD 323,426,000, a decrease of 16.1% from HKD 385,580,000 in the same period of 2022[11] - Revenue from data center services was approximately HKD 323.4 million for the nine months ended September 30, 2023, a decrease of about HKD 62.2 million or 16.1% compared to HKD 385.6 million in the same period of 2022[27] Financing and Costs - The company incurred financing costs of HKD 109,780,000 for the nine months ended September 30, 2023, an increase of 44.7% from HKD 75,937,000 in the previous year[4] - The company did not recognize any tax provision for the nine months ended September 30, 2023, due to no income generated in Hong Kong[12] - The company reported other income and gains of HKD 4,831,000 for the nine months ended September 30, 2023, down 93.1% from HKD 69,589,000 in the previous year[4] - Other income for the nine months ended September 30, 2023, was approximately HKD 10.1 million, a decrease of about HKD 3.4 million or 50.7% compared to HKD 6.7 million in the same period of 2022[30] Operational Metrics - The utilization rate of the company's self-built data centers was approximately 21.9% as of September 30, 2023, down from 28% in 2022, primarily due to the negative impact of the COVID-19 pandemic[27] - As of September 30, 2023, the company had a total of 32,634 server cabinets, with 12,792 available for use and 19,842 under construction[24] - As of September 30, 2023, the company has over 8,000 server cabinets available at its Weihai Zhigu Data Center, with plans to expand this to over 12,000 cabinets following the addition of 4,000 new cabinets[31] Future Outlook - The company plans to continue focusing on expanding its data center services and exploring new market opportunities[8] - The company anticipates improved financial performance in the coming years as the Chinese economy recovers post-COVID, with approximately 4,000 server cabinets still under construction[28] - The company remains cautiously optimistic about its future prospects, anticipating continued demand for high-quality data centers in mainland China as the economy recovers from COVID-19 restrictions[31] - A recent agreement with another major telecom operator in mainland China will see the joint operation of 1,300 server cabinets at the Weihai Zhigu Data Center, enhancing capacity for customer growth[31] Dividends - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[15]
中国新电信(08167) - 2023 Q3 - 季度财报