2022-05-13-港交所-NEXION_TECH_第一季度业绩报告_2022_26页_494kb

NEXION TECHNOLOGIES LIMITED Q1 2022 Financial Performance Summary

Company Overview:
NEXION TECHNOLOGIES LIMITED is a technology-focused company listed on the Hong Kong GEM exchange, specializing in network infrastructure, cybersecurity, and SaaS solutions. Listed on GEM, the company faces higher investment risks due to its status as a smaller entity.

Financial Highlights (Unaudited):

• Revenue increased from $445,000 (Q1 2021) to $758,000 (Q1 2022), driven by business expansion and acquisitions.
• Net loss narrowed from $578,000 (Q1 2021) to $190,000 (Q1 2022), primarily due to cost controls and improved operational performance.
• Key metrics: Basic and diluted EPS were ($0.03), a slight reduction from ($0.08) compared to the same period in 2021.

Business Segments:

• Network Infrastructure: Revenue $165,000, profit improved through cost efficiencies.
• Network Security: Revenue $431,000, showing strong growth from regional expansion.
• SaaS: Revenue $162,000, with reduced losses due to lower marketing expenses, but impacted by COVID-19 related disruptions in China.

Business and Financial Review:

• Management noted challenges from global events (e.g., COVID-19, Myanmar political issues) but saw gradual business recovery.
• Key risks include economic fluctuations and foreign exchange exposures.
• Upcoming events: Disposal of an affiliate company (Fortune Shoreline Limited) aimed at reallocating resources.

Corporate Governance:

• Represents a board with three independent non-executive directors; CEO also serves as chairman, which the board deems in the company's best interest without compromising oversight.
• Compliant with GEM listing rules and corporate governance guidelines, as of the report date.

Forward-Looking Statements:

• Plans to focus on digital transformation and opportunities in Asia-Pacific markets.
• Diligent monitoring of risks and opportunities for sustainable growth.