Financial Performance - The group's revenue for the three months ended March 31, 2023, was approximately HKD 169.9 million, an increase of about 381.6% compared to HKD 35.3 million for the same period in 2022[3]. - Operating profit for the three-month period was approximately HKD 15.5 million, a turnaround from an operating loss of approximately HKD 12.6 million in the same period last year[3]. - The net profit for the three months was approximately HKD 37.2 million, compared to a loss of approximately HKD 10.8 million in the previous year[3]. - Total comprehensive income for the period was approximately HKD 49.2 million, compared to a loss of approximately HKD 6.8 million in the previous year[6]. - Basic earnings per share for the period was HKD 0.323, compared to a loss per share of HKD 0.10 in the same period last year[6]. - The net financing income increased by approximately HKD 19.3 million to about HKD 22.7 million, compared to HKD 3.4 million in the same period last year[3]. - Operating expenses for the three-month period increased by approximately HKD 72.4 million to about HKD 92.7 million, largely due to costs associated with Macau Tong and marketing expenses[40]. - Employee benefits expenses rose by approximately HKD 20.2 million to about HKD 40.7 million, mainly due to the acquisition of Macau Tong[40]. Revenue Sources - Revenue contributions primarily came from lottery and related businesses amounting to approximately HKD 53.2 million and electronic payment services in Macau amounting to approximately HKD 116.7 million, compared to HKD 31.8 million and HKD 3.5 million respectively in the previous year[3]. - The increase in revenue was primarily due to the consolidation of the results of the wholly-owned subsidiary in Macau, which was only included in the financial statements for a short period in the previous year[3]. - Revenue from lottery and related businesses was approximately HKD 53.2 million, up by HKD 21.4 million, primarily due to increased lottery hardware sales and expanded retail network efforts[39]. - Revenue from electronic payment services reached approximately HKD 116.7 million, an increase of HKD 113.2 million, attributed to the full consolidation of Macau Tong's revenue and the rise in tourist numbers[39]. - The total revenue from gaming and entertainment services was HKD 5,872,000, up from HKD 1,030,000, reflecting a growth of 469%[9]. - Sales of lottery hardware reached HKD 33,854,000, up from HKD 15,735,000, representing a growth of 115% year-over-year[9]. - Electronic payment services generated HKD 109,471,000, a substantial increase from HKD 3,355,000, marking a growth of 3170%[9]. Strategic Plans and Partnerships - The company aims to expand its electronic payment services and lottery technology, leveraging its affiliation with Alibaba Group and Ant Group[16]. - The company plans to enhance its core competencies in online and mobile gaming content, particularly in Macau, while expanding into complementary sectors[16]. - The group aims to strengthen its infrastructure and platforms to support the digital transformation of financial services in the Greater Bay Area[37]. - The group will continue to explore strategic cooperation with Alibaba Group to expand e-commerce and digital media entertainment[37]. - A strategic cooperation agreement was signed with Galaxy Entertainment Group and Alibaba Pictures to enhance the development of Macau's cultural and entertainment industry[31]. - The company continues to explore strategic partnerships with Alibaba Group and Ant Group to expand e-commerce and digital media entertainment[28]. Market and Industry Insights - In March 2023, the number of inbound tourists to Macau reached approximately 1.96 million, a year-on-year increase of about 271.4%[18]. - Macau's mobile payment transactions increased from approximately 193 million in 2021 to about 266 million in 2022, representing a year-on-year growth of approximately 37.8%[18]. - The total transaction value of mobile payments rose from approximately MOP 18.52 billion in 2021 to about MOP 25.86 billion in 2022, a year-on-year increase of approximately 39.6%[18]. - In January and February 2023, China's lottery sales amounted to approximately RMB 75 billion, a year-on-year increase of about 40.8%[20]. - The group reported a 48% increase in revenue from lottery sales through retail outlets in the last three months compared to the same period in 2022[23]. - The number of retail outlets for lottery sales increased by approximately 23% compared to the same period in 2022[23]. Shareholder and Corporate Governance - The board of directors did not recommend the payment of an interim dividend for the three-month period[3]. - The company has a significant concentration of ownership, with major shareholders collectively holding over 55% of the total issued shares[54]. - The agreements among major shareholders may impact future governance and control of the company[56]. - The company is subject to regulatory approvals for any changes in shareholder agreements or ownership structures[56]. - The board of directors includes both executive and independent non-executive members, ensuring diverse governance[71]. - The company emphasizes the importance of shareholder communication and transparency in its operations[71]. Compliance and Regulatory Matters - The company is committed to compliance with the GEM listing rules and relevant securities regulations in Hong Kong[70]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the three-month period and found them to comply with applicable accounting standards[61]. - The company has not entered into any significant contracts with its controlling shareholders during the three-month period[63]. Share Capital and Securities - As of March 31, 2023, the total number of shares issued was 11,672,342,235[47]. - Major shareholder Ali Fortune holds 6,502,723,993 shares, representing 55.71% of the total issued capital of the company as of March 31, 2023[54]. - The company has granted 11,300,000 shares under the share award scheme to 23 employees during the three-month period, with 600,000 shares vesting and 8,950,000 shares being forfeited[65]. - The total number of shares issued under the share award scheme cannot exceed 6% of the total issued shares as of the adoption date, which is 630,852,526 shares[65]. - The company did not purchase, sell, or redeem any of its listed securities during the three-month period[66]. - The company has no unexercised options under any share option plans as of March 31, 2023[64].
亚博科技控股(08279) - 2023 Q1 - 季度业绩