Financial Performance - The Group's unaudited revenue for the nine months ended September 30, 2023, was HKD 305.7 million, a decrease of approximately HKD 109.4 million or 26.3% compared to the same period last year[11]. - The unaudited loss for the nine months ended September 30, 2023, was approximately HKD 12.2 million, a reduction in net loss of about HKD 0.5 million compared to the nine months ended September 30, 2022[11]. - The unaudited basic and diluted loss per share for the nine months ended September 30, 2023, was HKD 2.03, compared to a profit of HKD 2.96 for the same period last year[11]. - The total comprehensive loss for the nine months ended September 30, 2023, was HKD 20.2 million, compared to HKD 33.7 million for the same period last year[16]. - The company reported a total comprehensive expense of HKD 19,067,000 for the nine months ended September 30, 2023, compared to HKD 32,865,000 for the same period in 2022, indicating a reduction of about 42%[18]. - The company reported a net loss of HKD 12,212 for the nine months ended September 30, 2023, compared to a net loss of HKD 12,684 in 2022[27]. - For the nine months ended September 30, 2023, the loss attributable to shareholders was HKD 11,096,000, slightly down from HKD 11,852,000 in the same period of 2022, indicating a decrease in loss of about 6.4%[42]. Revenue Breakdown - Revenue from system integration services for the nine months ended September 30, 2023, was HKD 178,273, down 36.3% from HKD 279,873 in 2022[30]. - Revenue from maintenance services for the nine months ended September 30, 2023, was HKD 106,226, a decrease of 7.5% compared to HKD 114,825 in 2022[30]. - Revenue from cybersecurity services for the nine months ended September 30, 2023, was HKD 21,235, an increase of 4.1% from HKD 20,393 in 2022[30]. - Revenue from external customers for the nine months ended September 30, 2023, was HKD 305,734, down from HKD 415,091 in 2022[27]. - The public sector contributed approximately HKD 169.4 million in revenue, an increase of about HKD 23.5 million or 16.1% year-on-year, while the private sector contributed approximately HKD 136.3 million, a decrease of about HKD 132.9 million or 49.4%[62]. - Korean business revenue for the nine months ended September 30, 2023, was approximately HKD 284.5 million, a decrease of about HKD 110.2 million or 27.9% compared to last year[64]. - Hong Kong business revenue for the same period was approximately HKD 21.2 million, an increase of about HKD 0.8 million or 4.1% compared to last year[64]. - The system integration, maintenance services, and cybersecurity services segments contributed revenues of approximately HKD 178.3 million, HKD 106.2 million, and HKD 21.2 million, accounting for 58.3%, 34.7%, and 7.0% of total revenue respectively[64]. Expenses and Costs - The Group's sales and administrative expenses for the nine months ended September 30, 2023, were HKD 48.9 million, a decrease from HKD 51.8 million in the previous year[13]. - The company incurred total sales and administrative expenses of HKD 48,917 for the nine months ended September 30, 2023, compared to HKD 51,775 in 2022[27]. - Employee costs for the nine months ended September 30, 2023, totaled approximately HKD 63.8 million, a decrease from approximately HKD 66.4 million for the same period last year[77]. - The remuneration for directors and key management personnel for the three months ended September 30, 2023, was HKD 3,002,000, a decrease of 3.2% from HKD 3,102,000 in the same period of 2022[46]. - For the nine months ended September 30, 2023, the remuneration for directors and key management personnel totaled HKD 8,866,000, down from HKD 9,753,000 in the same period of 2022, reflecting a decrease of approximately 9.1%[46]. Financial Position - For the nine months ended September 30, 2023, the total equity attributable to the company's equity holders increased to HKD 184,467,000 from HKD 139,939,000 for the same period in 2022, representing a growth of approximately 32%[18]. - The total assets of the company as of September 30, 2023, were not explicitly stated in the provided documents, but the equity total indicates a solid financial position[18]. - As of September 30, 2023, the group recorded a cash and cash equivalents balance of approximately HKD 70.8 million, down from approximately HKD 122.6 million as of December 31, 2022[65]. - The group’s debt-to-equity ratio improved to 25.8% as of September 30, 2023, down from 50.6% as of December 31, 2022[65]. Share and Stock Options - The company has a stock option plan that allows for the granting of options equivalent to up to 10% of the issued shares at the time of exercise, with a maximum of 1% of issued shares granted to any participant in any twelve-month period[47]. - The exercise price for stock options granted in 2023 was set at HKD 0.810 for directors and HKD 0.656 for employees, with a total of 12,000,000 options granted[51]. - The total expenses related to share options granted amounted to approximately HKD 2.54 million for the nine months ended September 30, 2023, compared to zero in the same period of 2022[56]. - The average exercise price of unexercised share options ranged from HKD 0.66 to HKD 0.81, with a weighted average remaining contractual life of 9.6 years[53]. - The company has adopted a stock option plan, granting a total of 19,200,000 options to employees and directors on April 3, 2023, and 4,800,000 options on May 16, 2023[92]. Strategic Focus and Future Plans - The company plans to continue focusing on system integration, maintenance services, and network security services as its core business segments moving forward[25]. - The company plans to focus on expanding its cloud infrastructure and cybersecurity services to drive future growth[36]. - The company is actively exploring market expansion opportunities in both Hong Kong and South Korea, leveraging its capabilities in cloud computing and network security[20]. - The company plans to expand its business into blockchain digital ledger technology and the metaverse, aiming to tap into emerging markets in Southeast Asia and China[75]. - The company is actively exploring opportunities for investment in new technologies and business ventures, reflecting a strategic focus on growth[83]. Compliance and Governance - The company has confirmed compliance with the securities trading code, with all directors adhering to the regulations for the nine months ending on that date[93]. - The company has maintained compliance with the corporate governance code throughout the nine months ending September 30, 2023[96]. - No interests in competing businesses were held by directors or major shareholders as of September 30, 2023[94]. - The company maintained compliance with the public float requirements set by GEM listing rules as of September 30, 2023[91]. Share Placements - The company completed a share placement on February 17, 2023, raising approximately HKD 17.2 million, with all 80,000,000 shares sold at HKD 0.22 each[79]. - The net proceeds from the placement were allocated as follows: HKD 10 million for debt repayment and HKD 7.2 million for operational funding[80]. - A second share placement was completed on August 24, 2023, raising approximately HKD 51.7 million, with 66,005,000 shares sold at HKD 0.79 each[82]. - The allocation of the second placement's proceeds included HKD 15 million for debt repayment and HKD 23.6 million for exploring business opportunities and investments in new technologies[83]. - The total actual use of proceeds from the second placement was HKD 38.6 million, indicating a shortfall in planned usage for operational funding[83]. Audit and Review - The audit committee has reviewed the unaudited quarterly results for the nine months ending September 30, 2023[103].
未来数据集团(08229) - 2023 Q3 - 季度财报