2023-02-14-港交所-懒猪科技_第三季度业绩报告_2022_22页_5mb

GEM Market Characteristics

• GEM targets small and mid-sized companies with higher investment risk compared to the Main Board.
• Investors must carefully assess risks and conduct thorough due diligence.
• GEM-listed securities may experience higher volatility and may lack liquidity.

Key Corporate Information

• Name: Prime Intelligence Solutions Group Limited (Shares traded underStock Code 8379)
• Business: Provides biometrics identification solutions, security products, and related services.
• Locations: Cayman Islands (registered office) and Hong Kong (headquarters).
• Directors: Includes executive and independent non-executive directors.

Financial Performance (For the 3M & 9M Ended Dec 2022)

• Revenue: Down approximately 18.0% to HK$30.575 million (vs. HK$37.253 million) due to reduced sales and services.
• Gross Profit: Declined from 42.2% to 33.0%, mainly due to higher costs and reduced sales.
• Net Loss: Increased to HK$16.330 million (vs. HK$10.075 million), primarily from higher operating expenses and lower profitability.

Management Discussion & Analysis

• Revenue decline in the 9M period was mainly due to reduced sales of biometrics devices and services.
• Gross profit margin dropped due to higher direct costs and sales declines.
• Future strategy includes reallocating funds from dividends to AIoT development, research into touchless biometric devices, enhancing after-sales services, improving IT systems, and managing working capital.

Compliance & Governance

• The company adheres to GEM listing rules and corporate governance standards.
• Deviation noted: Chairmanship and CEO roles held by the same individual (Mr. Tony Yuen), deemed appropriate by the Board.
• Audit committee reviewed financial statements and confirmed compliance with accounting standards.

Disclaimer

• GEM and Stock Exchange disclaim liability for any losses arising from reliance on this report.
• Information in the report is accurate and complete based on best knowledge.

Company: Prime Intelligence Solutions Group Limited
Stock Code: 8379