Financial Performance - For the nine months ended September 30, 2023, total revenue was approximately HKD 201.8 million, a decrease of about 1.4% compared to HKD 204.6 million in the same period of 2022[7]. - Gross profit for the same period was approximately HKD 43.8 million, an increase of about 18.2% from HKD 37.1 million in 2022[7]. - The company recorded a net loss of approximately HKD 7.1 million for the nine months ended September 30, 2023, compared to a net loss of HKD 19.8 million in the same period of 2022[7]. - For the three months ended September 30, 2023, the company reported a loss of HKD 1.1 million, a significant improvement from a loss of HKD 5.1 million in the same quarter of 2022[9]. - The basic and diluted loss per share for the nine months ended September 30, 2023, was HKD 0.48, compared to HKD 2.01 for the same period in 2022[9]. - The total comprehensive loss for the nine months ended September 30, 2023, was HKD 19,711,000, compared to a comprehensive loss of HKD 7,978,000 for the same period in 2022[11]. - For the nine months ended September 30, 2023, total revenue from external customers was HKD 201,801,000, compared to HKD 204,571,000 for the same period in 2022, representing a decrease of approximately 1.3%[24][25]. - The company reported a pre-tax loss of HKD 6,873,000 for the nine months ended September 30, 2023, compared to a loss of HKD 19,410,000 for the same period in 2022, indicating an improvement of approximately 64.7%[32]. - Basic loss per share for the nine months ended September 30, 2023, was HKD 0.48, compared to HKD 2.01 for the same period in 2022, reflecting a significant reduction in losses[32]. Revenue Breakdown - Revenue for the nine months ended September 30, 2023, was HKD 201,801,000, a decrease of 1.4% from HKD 204,571,000 in the same period of 2022[19]. - The revenue from IT infrastructure solutions services increased to HKD 85,107,000 for the nine months ended September 30, 2023, up 27.6% from HKD 66,636,000 in 2022[19]. - Revenue from IT maintenance and support services decreased to HKD 34,389,000, down 22.1% from HKD 44,161,000 in the same period of 2022[19]. - Total revenue for the third quarter of 2023 was approximately HKD 208 million, a decrease of about HKD 2.8 million or 1.4% compared to approximately HKD 206 million in the same quarter of 2022[48]. - Revenue from the IT infrastructure solutions segment increased by approximately 27.7% to about HKD 85.1 million in the third quarter of 2023, compared to approximately HKD 66.6 million in the same quarter of 2022[41]. - Revenue from the IT development solutions segment decreased by approximately 11.2% to about HKD 82.3 million in the third quarter of 2023, down from approximately HKD 92.7 million in the same quarter of 2022[42]. - Revenue from the IT maintenance and support services segment decreased by approximately 22.1% to about HKD 34.4 million in the third quarter of 2023, compared to approximately HKD 44.2 million in the same quarter of 2022[44]. Expenses and Losses - Other income and gains for the nine months ended September 30, 2023, amounted to HKD 982,000, down from HKD 1.7 million in 2022[8]. - The company experienced a foreign exchange loss of HKD 909,000 for the nine months ended September 30, 2023, compared to a gain of HKD 69,000 in the same period of 2022[9]. - Administrative and general expenses decreased to HKD 42.8 million for the nine months ended September 30, 2023, from HKD 45.4 million in 2022[8]. - Sales expenses for the nine months ended September 30, 2023, were HKD 9.3 million, slightly down from HKD 9.8 million in the previous year[8]. - The company recorded a foreign exchange gain of HKD 126,000 during the period, compared to a loss of HKD 909,000 in the previous period[11]. - The company experienced a net expected credit loss reversal of HKD 958,000 for the nine months ended September 30, 2023, compared to a provision of HKD 2,332,000 in the same period of 2022, indicating improved credit quality[28]. - Total employee costs, including director remuneration, amounted to approximately HKD 58.7 million in the third quarter of 2023, compared to approximately HKD 58.9 million in the same quarter of 2022[80]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a quarterly dividend for the nine months ended September 30, 2023[7]. - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[31]. - The total number of issued and paid-up ordinary shares as of September 30, 2023, was 1,445,849,998, an increase from 963,900,000 shares as of December 31, 2022, due to a rights issue[34]. - The total number of share options granted under the share option plan is 68,427,536, representing approximately 4.73% of the company's issued ordinary shares as of the report date[65]. - The company has not issued any share options that are currently exercisable as of the report date[65]. Management and Corporate Governance - The company is focusing on improving operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[12]. - The company’s chairman and CEO, Mr. Yu Han-Ho, holds both positions, which the board believes is in the best interest of the group for efficient management[59]. - The audit committee was established on June 22, 2018, to oversee financial reporting and internal control effectiveness[84]. - The company has reviewed its accounting principles and internal controls, confirming compliance with applicable accounting standards and GEM listing rules for the unaudited consolidated financial statements for the nine months ended September 30, 2023[86]. - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with the GEM Listing Rules[76]. Future Outlook and Strategic Plans - The company plans to continue expanding its IT infrastructure solutions and support services to enhance revenue growth in the upcoming quarters[12]. - The company is actively seeking business opportunities, including potential expansion in China, to enhance its market share and improve operational conditions[46]. - The company has allocated HKD 6.6 million for expanding technical development solutions services in China, leaving a remaining balance of HKD 1.4 million[66]. Other Information - The company has not reported any new product launches or significant technological advancements during this reporting period[12]. - The company has not engaged in any hedging strategies for foreign currency risks during the 2023 quarter, with no speculative activities involving hedging contracts[57]. - The company has not purchased, sold, or redeemed any of its listed securities during the 2023 quarter[58]. - The company has not made any insurance arrangements for its directors facing legal actions, citing low risk due to effective risk management systems[61]. - There have been no significant events after the reporting period, aside from disclosures in this report[89].
倢冠控股(08606) - 2023 Q3 - 季度财报