Financial Performance - For the six months ended June 30, 2024, the company recorded revenue of approximately HKD 16.0 million, a decrease of 84.3% compared to HKD 101.7 million for the same period in 2023[10]. - The company recorded a segment loss of approximately HKD 14.3 million for the six months ending June 30, 2024, compared to a segment profit of approximately HKD 12.7 million for the same period in 2023[18]. - The company reported a loss attributable to equity holders of approximately HKD 24.1 million for the six months ending June 30, 2024, compared to a loss of approximately HKD 0.9 million for the same period in 2023[23]. - The total comprehensive loss for the period was HKD 26,429,000, compared to HKD 9,552,000 in the same period last year, showing a worsening financial position[43]. - The group reported a net loss of HKD 24,126,000 for the six months ended June 30, 2024, compared to a net loss of HKD 926,000 for the same period in 2023, reflecting a worsening financial position[59]. Revenue Segments - The integrated circuit and semiconductor components segment generated revenue of approximately HKD 16.0 million with a segment loss of HKD 0.2 million, compared to revenue of HKD 12.9 million and a segment loss of HKD 1.0 million in the same period last year[14]. - The private jet management segment reported no revenue and a segment loss of HKD 0.03 million for the six months ended June 30, 2024, consistent with the previous year's performance[15]. - Revenue from external customers for the integrated circuit design and sales segment was HKD 15,957,000 for the six months ended June 30, 2024, compared to HKD 12,917,000 for the same period in 2023, representing a year-over-year increase of approximately 23.7%[56]. Cost Control and Business Strategy - The company is focusing on cost control in the integrated circuit and semiconductor business, platform development in private jet management, and active marketing for the yacht business to enhance competitiveness[10]. - The company has adopted a cautious approach in response to the complex business environment, aiming to maintain core businesses that generate reliable returns and have competitive advantages[10]. - Management emphasizes that business reforms are an ongoing process, with potential new measures or strategies being developed as opportunities arise[10]. - The company is prioritizing higher-margin core businesses while carefully allocating limited resources in the private jet management sector[15]. - Management is committed to diversifying the business and exploring new strategies to enhance revenue and long-term profitability[22]. Economic Impact - The ongoing economic recession has negatively impacted consumer purchasing power and demand for luxury goods, affecting the company's financial performance[10]. - The company has not sold any yachts during the reporting period due to the economic downturn in Hong Kong and China[10]. Shareholder Information - The company will keep shareholders informed of any updates regarding its strategies and business developments[10]. - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous period[28]. - Major shareholders include Arrab Chalid and LLOYDS INVESTMENT GROUP FZCO, each holding 68,500,000 shares, representing 15.42% of the company[38]. Financial Position and Assets - The total equity as of June 30, 2024, was approximately HKD 10.8 million, compared to a shareholders' deficit of approximately HKD 3.0 million as of December 31, 2023[27]. - The group’s total assets as of June 30, 2024, were HKD 351,129,000, compared to HKD 412,709,000 as of June 30, 2023, indicating a decrease in total asset value[56]. - The group’s total liabilities increased to HKD 340,314,000 as of June 30, 2024, from HKD 375,096,000 as of June 30, 2023, suggesting a shift in financial leverage[59]. Cash Flow and Liquidity - As of June 30, 2024, the group's bank cash was approximately HKD 67.7 million, a slight decrease from HKD 69.1 million as of December 31, 2023, due to a court ruling freezing approximately RMB 43.4 million (equivalent to about HKD 46.5 million) in cash deposits[26]. - The company’s operating cash flow was negative at HKD (37,814) million, compared to a positive cash flow of HKD 1,977 million in the previous period[47]. - Cash and cash equivalents decreased from HKD 69,107 million to HKD 67,684 million, a decline of approximately 2.1%[47]. Employee and Management Information - Employee headcount increased to 47 as of June 30, 2024, from 42 as of December 31, 2023, with total employee benefit expenses amounting to approximately HKD 14.8 million for the six months ended June 30, 2024[28]. - The remuneration for key management personnel for the six months ended June 30, 2024, was HKD 2,674,000, a decrease of 8.6% from HKD 2,926,000 in the previous year[93]. Share Capital and Fundraising - The company completed a placement of 74,049,028 new shares on January 17, 2024, raising approximately HKD 40.0 million for general working capital purposes[26]. - The total issued and paid-up share capital increased to HKD 444,294,000 as of June 30, 2024, following the issuance of 74,049,028 new shares at HKD 0.56 per share[91]. - The net proceeds from the share placement, after deducting transaction costs of approximately HKD 1,244,000, amounted to about HKD 40,223,000, resulting in an increase in share capital of approximately HKD 7,404,000[91]. Compliance and Governance - The interim financial information was approved and authorized for publication by the board of directors on August 30, 2024[98]. - The audit committee, consisting of two independent non-executive directors, reviewed the interim results for the six months ended June 30, 2024[40].

Financial Performance - The company recorded revenue of approximately HKD 16.0 million for the six months ended June 30, 2024, a decrease of 84.3% compared to HKD 101.7 million for the same period in 2023[7]. - The yacht business reported no sales for the six months ended June 30, 2024, resulting in a segment loss of approximately HKD 14.3 million, while the same period in 2023 saw revenue of approximately HKD 88.8 million and a segment profit of approximately HKD 12.7 million[15]. - The loss attributable to equity holders for the six months ended June 30, 2024, was approximately HKD 24.1 million, significantly higher than HKD 0.9 million for the same period in 2023, resulting in a basic loss per share of HKD 5.51[20]. - The total comprehensive loss for the period was HKD 26,429,000, significantly higher than HKD 9,552,000 in the previous year[40]. - The group reported a net loss of HKD 24,126,000 for the six months ended June 30, 2024, compared to a net loss of HKD 926,000 for the same period in 2023, reflecting a worsening financial situation[53]. Business Segments - The integrated circuit and semiconductor components segment generated revenue of about HKD 16.0 million with a segment loss of HKD 0.2 million for the six months ended June 30, 2024, compared to revenue of HKD 12.9 million and a segment loss of HKD 1.0 million for the same period in 2023[11]. - The private jet management segment recorded a loss of approximately HKD 0.03 million for the six months ended June 30, 2024, compared to a loss of approximately HKD 0.06 million for the same period in 2023, with no revenue generated in both periods[12]. - Revenue from external customers for the integrated circuit design and sales segment was HKD 15,957,000 for the six months ended June 30, 2024, compared to HKD 12,917,000 for the same period in 2023, representing a growth of 23.7%[53]. Strategic Initiatives - The company has adopted a cautious approach in response to the complex business environment, focusing on maintaining core businesses that generate reliable returns and have competitive advantages[7]. - The company is actively promoting its yacht business and enhancing brand visibility as part of its strategy to strengthen market position[7]. - Management is committed to diversifying the business portfolio and exploring new opportunities across different segments to enhance revenue and long-term profitability[19]. - The company aims to prioritize higher-margin core businesses while cautiously evaluating the development of the private jet management segment[12]. Cost Management - The company is focusing on stringent cost control in the integrated circuit and semiconductor components business to enhance competitiveness[7]. - Operating expenses for the same period were approximately HKD 35.3 million, an increase of 8.6% from HKD 32.5 million in the prior year, primarily due to impairment losses on receivables of about HKD 12.0 million[20]. - The group’s employee benefits expenses, including director remuneration, were HKD 14,752,000 for the six months ended June 30, 2024, compared to HKD 17,309,000 in the same period of 2023, showing a reduction of 14.8%[63]. Shareholder Information - The board did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[25]. - Major shareholders include 段洪濤 with 52,321,012 shares (11.78%) and Arrab Chalid with 68,500,000 shares (15.42%) as of June 30, 2024[35]. - The company issued 74,049,028 new shares at a price of HKD 0.56 per share, raising approximately HKD 40.0 million for general working capital purposes[23]. Cash Flow and Assets - The company reported a net cash outflow from operating activities of HKD 37,814 million for the six months ended June 30, 2024, compared to a cash inflow of HKD 1,977 million for the same period in 2023[44]. - Cash and cash equivalents decreased from HKD 69,107 million to HKD 67,684 million, a decline of approximately 2.1%[44]. - The total assets for the group as of June 30, 2024, were HKD 351,129,000, with liabilities totaling HKD 340,314,000, indicating a high debt-to-asset ratio[53]. Compliance and Governance - The company is currently seeking suitable candidates to fill independent non-executive director positions to comply with listing rules[28]. - The company has adopted the standard code for securities transactions by directors, confirming compliance as of June 30, 2024[33]. - The board of directors approved the interim financial information on August 30, 2024[95].

Financial Performance - The company reported a significant increase in revenue, achieving a total of $150 million for the fiscal year, representing a 25% growth compared to the previous year[2]. - The company recorded revenue of approximately HKD 114.0 million for the year ended December 31, 2023, a decrease of 37.1% compared to HKD 181.1 million for the year ended December 31, 2022[26]. - The annual loss for the year ended December 31, 2023, was approximately HKD 46.4 million, significantly increasing from a loss of HKD 2.2 million in the previous year[26]. - The group reported a loss attributable to equity holders of approximately HKD 46.4 million, compared to a loss of HKD 2.2 million in 2022, resulting in a basic loss per share of HKD 0.1254[62]. - For the fiscal year ending December 31, 2023, the group achieved revenue of approximately HKD 114.0 million, a decrease of 37% from HKD 181.1 million in 2022[58]. User Engagement and Market Expansion - User data showed a 30% increase in active users, reaching 1.2 million by the end of the fiscal year[2]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share within the next two years[2]. - The company plans to enhance its digital marketing strategy, allocating an additional $2 million to increase brand awareness[2]. Product Development and Innovation - New product launches included two innovative software solutions aimed at enhancing user experience, expected to contribute an additional $20 million in revenue[2]. - Research and development expenses increased by 40%, totaling $5 million, to support new technology initiatives[2]. Strategic Acquisitions and Investments - A strategic acquisition of a smaller tech firm was completed, valued at $10 million, aimed at bolstering the company's technology capabilities[2]. - The company plans to acquire B&W Beleggingen B.V. to invest in the development of a new shipyard at the Maritieme Servicehaven Noordeliike Flevoland (MSNF), focusing on the construction of superyachts and refurbishment work[30]. - The board believes that the acquisition of B&W Beleggingen B.V. will be a milestone for the yacht business, expanding revenue sources and enhancing the overall business portfolio[32]. Cost Management and Efficiency - The company is focusing on cost reduction and efficiency improvement across its business segments to create stable cash flow and promote sustainable business development[25]. - Sales and distribution costs decreased from approximately HKD 27.7 million for the year ended December 31, 2022, to approximately HKD 7.1 million for the year ended December 31, 2023[28]. - Financial costs reduced from approximately HKD 4.8 million in the previous year to approximately HKD 0.4 million in the current year[28]. - Operating expenses totaled approximately HKD 68.6 million, down from HKD 75.3 million in 2022, primarily due to a significant reduction in yacht-related agency fees[61]. Sustainability and ESG Commitment - The company emphasized its commitment to sustainability, with plans to reduce carbon emissions by 25% over the next five years[2]. - The ESG report covers the period from January 1, 2023, to December 31, 2023, detailing the company's commitment to sustainable development and corporate citizenship[82]. - The report quantifies environmental and social key performance indicators to provide stakeholders with a comprehensive understanding of the company's ESG performance[85]. - The total air pollutant emissions from company vehicles in 2023 were 3.87 kg of nitrogen oxides, 0.10 kg of sulfur oxides, and 0.29 kg of particulate matter, showing a decrease from 2022 levels[100]. - Total greenhouse gas emissions decreased to 53.58 tons of CO2 equivalent in 2023 from 65.9 tons in 2022, representing a reduction of approximately 18.0%[113]. Corporate Governance - The board of directors has confirmed that all resignations or non-renewals of directors during the fiscal year ending December 31, 2023, were not related to the company's affairs[168]. - The company has adopted the standard code for securities transactions by directors and confirmed compliance for the fiscal year ending December 31, 2023[179]. - The company has complied with the corporate governance code principles, with some deviations noted regarding the appointment and re-election of directors[193]. - The independent non-executive directors confirmed their independence in accordance with the listing rules[199]. Employee Management and Development - The company has maintained a zero fatality rate in workplace incidents over the past three years, with no reported work-related deaths[124]. - The company emphasizes employee training and development, covering costs for personal and professional training, although it currently lacks a training data recording system[122]. - The company has implemented a competitive compensation scheme and conducts annual performance evaluations to adjust salaries and bonuses based on employee performance and company results[120]. Market Challenges and Future Outlook - The company acknowledges ongoing challenges from the COVID-19 pandemic but remains confident in its future prospects and continuous growth[28]. - The yacht sales market experienced a decline of 29% in total sales revenue in 2023 compared to 2022, despite stable yacht prices, with second-hand and new yacht prices increasing by 39% and 11% respectively[29]. - The group faces risks related to market price fluctuations and competition in the yacht manufacturing sector, which could adversely affect business performance[52].

Financial Performance - The company reported a revenue of HKD 113,970,000 for the year ended December 31, 2023, a decrease of 37.0% compared to HKD 181,076,000 in 2022[3]. - The gross profit for the year was HKD 31,559,000, down 62.7% from HKD 84,595,000 in the previous year[3]. - The company incurred a net loss of HKD 46,447,000 for the year, compared to a loss of HKD 2,236,000 in 2022, representing a significant increase in losses[3]. - Total comprehensive loss for the year amounted to HKD 50,144,000, compared to HKD 19,728,000 in the prior year[4]. - The group reported external customer revenue of HKD 113,970,000 for the year ended December 31, 2023, a decrease of 37% from HKD 181,076,000 in 2022[21]. - The group experienced an operating loss of HKD 44,394,000 for the year ended December 31, 2023, compared to an operating profit of HKD 3,204,000 in 2022[19]. - The group recorded revenue of approximately HKD 88.8 million for the year ended December 31, 2023, down from HKD 119.8 million for the previous year, representing a decrease of about 26%[56]. - The group reported a net loss attributable to equity holders of approximately HKD 46.4 million for the year ended December 31, 2023, compared to a loss of HKD 2.2 million in the previous year, indicating a substantial increase in losses[65]. Assets and Liabilities - Current liabilities exceeded current assets by HKD 42,462,000, a decline from a net asset position of HKD 9,251,000 in 2022[6]. - The company’s cash and cash equivalents decreased to HKD 69,107,000 from HKD 104,326,000 in the previous year[6]. - The group’s total liabilities increased to HKD 364,658,000 as of December 31, 2023, compared to HKD 414,790,000 in 2022[19]. - As of December 31, 2023, the company's shareholders' deficit was approximately HKD 3.0 million, down from HKD 47.2 million in 2022[73]. - The group had a debt ratio of 0% as of December 31, 2023, a significant improvement from approximately 90% in the previous year, reflecting a net debt-free status[70]. - The company had a significant increase in accounts payable, rising to HKD 101.1 million as of December 31, 2023, from HKD 66.4 million as of December 31, 2022[37]. Cash Flow and Liquidity - The company has a significant amount of cash frozen in bank accounts, approximately RMB 43,437,000 (equivalent to about HKD 47,450,000)[9]. - The company plans to implement measures to improve its financial condition and liquidity[10]. - Cash and cash equivalents dropped to HKD 21.7 million as of December 31, 2023, down from HKD 104.3 million as of December 31, 2022[34]. - As of December 31, 2023, the group's cash balance was approximately HKD 69.1 million, down from HKD 104.3 million in the previous year, impacted by a court ruling that froze approximately RMB 43.4 million (equivalent to about HKD 47.5 million) in cash deposits[68]. Business Operations - The company operates in integrated circuit and semiconductor parts design and sales, private jet management services, and yacht manufacturing and sales[7]. - The yacht sales market experienced a decline of 29% in total sales revenue in 2023 compared to 2022, despite stable yacht prices, with second-hand and new yacht prices increasing by 39% and 11% respectively[44]. - The private jet management segment recorded no revenue for the year ending December 31, 2023, with a loss of approximately HKD 5.4 million, compared to revenue of HKD 26.8 million and a loss of HKD 0.1 million in 2022[52]. - The company plans to prioritize the development and expansion of its superyacht sales, after-sales services, luxury yacht rentals, onboard entertainment, and yacht tourism businesses[46]. - The company aims to leverage its expertise in manufacturing and selling superyachts to consider expanding into other vessel sectors, such as mega yachts, cruise ships, and cargo ships[46]. Capital Expenditure and Investments - The group’s capital expenditure for the year was HKD 5,486,000, significantly higher than HKD 2,525,000 in the previous year[19]. - The company signed a non-binding memorandum of understanding on November 7, 2023, to acquire B&W Beleggingen B.V., which holds a lease for a new port construction site named "Maritieme Servicehaven Noordeliike Flevoland" (MSNF)[44]. - The proposed acquisition aims to develop MSNF, including the construction of a new shipyard for manufacturing superyachts and conducting refurbishment work[46]. - The management believes that the acquisition of B&W Beleggingen B.V. will be a milestone for the company's yacht business, allowing it to enhance its service offerings and broaden its revenue sources[46]. Employee and Corporate Governance - The total employee count as of December 31, 2023, was approximately 42, a decrease from 140 in 2022, with total employee benefit expenses around HKD 30.3 million compared to HKD 32.8 million in 2022[83]. - The company has complied with the corporate governance code, with some deviations regarding the appointment and re-election of independent non-executive directors[85]. - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the company's financial position as of December 31, 2023[104]. Future Outlook and Strategies - The company aims to maintain its core business that generates reliable returns and competitive advantages while seeking opportunities to enhance its revenue base and profitability[40]. - The company is optimistic about its future prospects and is committed to continuous growth despite ongoing challenges from the COVID-19 pandemic[43]. - The company is undergoing reforms to lower costs and improve efficiency across its business segments to create stable cash flow and promote sustainable business development[41]. - The company has implemented several expansion strategies, including expanding its shipyard in Hainan, establishing a research and development center in the Netherlands, and building sales teams in major cities worldwide[55].

智通财经APP讯，巴克1798集团(01010)发布公告，于2023年12月22日，公司拟以配售价每股配售股份0.56港元(较12月22日收市价每股0.690港元折让约18.8%)向目前预期不少于六名承配人配售最多7404.9万股新股份，相当于经悉数配发及发行配售股份扩大后已发行股份总数约16.67%。 假设所有配售股份获配售代理成功配售，则配售事项的最高所得款项总额估计约为4150万港元，而配售事项的最高所得款项净额估计约为4000万港元。公司拟将所得款项净额用作一般营运资金及业务发展。 ...

Revenue and Financial Performance - For the six months ended June 30, 2023, the group achieved revenue of approximately HKD 101.7 million, a 133% increase compared to HKD 43.6 million for the same period in 2022[8]. - The yacht business recorded revenue of approximately HKD 88.8 million and a segment profit of approximately HKD 12.7 million for the six months ended June 30, 2023, compared to a segment loss of approximately HKD 6.0 million for the same period in 2022[17]. - The group reported a loss attributable to equity holders of approximately HKD 0.9 million for the six months ended June 30, 2023, a significant reduction from a loss of approximately HKD 15.5 million for the same period in 2022[25]. - The company reported revenue of HKD 101,689,000 for the six months ended June 30, 2023, representing a 132.5% increase compared to HKD 43,598,000 in the same period of 2022[57]. - Gross profit for the same period was HKD 35,728,000, up 83.6% from HKD 19,448,000 year-on-year[57]. - The company recorded a loss of HKD 926,000 for the period, significantly improved from a loss of HKD 15,454,000 in the previous year[57]. - The basic and diluted loss per share was HKD 0.25, compared to HKD 4.17 in the prior year[57]. Segment Performance - The integrated circuit and semiconductor components segment recorded revenue of approximately HKD 12.9 million with a segment loss of approximately HKD 1.0 million, down from revenue of HKD 22.7 million and a profit of HKD 2.7 million in the same period last year[13]. - The private jet management segment reported no revenue and a segment loss of approximately HKD 0.06 million, compared to revenue of HKD 20.9 million and a profit of HKD 0.8 million for the same period in 2022[14]. - Revenue from external customers for the integrated circuit design and sales segment was HKD 12,917,000, while the yacht business generated HKD 88,772,000, leading to a total revenue of HKD 101,689,000 for the six months ended June 30, 2023[76]. - The operating profit for the yacht business was HKD 12,743,000, while the integrated circuit design and sales segment reported an operating loss of HKD 1,022,000, resulting in a total operating profit of HKD 3,410,000[76]. Management Outlook and Strategy - The management remains optimistic about the future and believes the group can overcome challenges and continue to grow, focusing on enhancing competitive advantages and consolidating market position[9]. - The group is actively seeking opportunities to optimize operations and capture emerging opportunities in response to external uncertainties[13]. - The management emphasizes that the business portfolio reform is an ongoing process, with potential new measures or strategies being developed as opportunities arise[9]. - The group is prioritizing high-margin core businesses while cautiously allocating limited resources to pursue new customer and market opportunities[14]. - The management is committed to continuing reforms and strategies to diversify the business and adapt to changing market conditions[21]. Financial Position and Cash Flow - The group has approximately HKD 105.2 million in bank cash as of June 30, 2023, compared to HKD 104.3 million as of December 31, 2022, with some cash being frozen due to a court ruling[26]. - The group has no outstanding loans as of June 30, 2023, consistent with the situation as of December 31, 2022[27]. - Total assets decreased to HKD 81,009,000 as of June 30, 2023, from HKD 81,955,000 as of December 31, 2022[62]. - Cash and cash equivalents decreased to HKD 58,445,000 from HKD 84,840,000 at the end of the previous period[66]. - The company generated a net cash inflow from operating activities of HKD 1,977,000, compared to HKD 850,000 in the same period last year[66]. - The total liabilities for the group as of June 30, 2023, were HKD 375,096,000, with the headquarters and other segment accounting for HKD 228,540,000 of this total[76]. Employee and Operational Metrics - The total employee count decreased to 94 as of June 30, 2023, from 140 on December 31, 2022, with total employee benefits expenses amounting to approximately HKD 17.3 million for the six months ended June 30, 2023, compared to HKD 15.7 million for the same period in 2022[37]. - The remuneration for key management personnel for the six months ended June 30, 2023, was HKD 2,926 thousand, a decrease of 33% from HKD 4,371 thousand for the same period in 2022[108]. Shareholder and Governance Information - Major shareholders include Mr. Duan Hongtao with a 56.5% stake and Arrab Chalid with an 18.5% stake[50]. - The company did not recommend any interim dividend for the six months ended June 30, 2023, consistent with the previous year[38]. - The board of directors approved the interim financial information on August 30, 2023[114].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何 部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 1798 巴克 集團有限公司 （於百慕達註冊成立之有限公司） 1010 （股份代號： ） 截至二零二三年六月三十日止六個月 中期業績公佈 1798 巴克 集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其 附屬公司（下文統稱「本集團」）截至二零二三年六月三十日止六個月之未審核簡明綜 合中期業績及財務狀況，連同去年同期之比較數字如下。本簡明綜合中期財務資料 尚未審核，但已由本公司核數委員會（「核數委員會」）審閱： 簡明綜合中期損益表 截至六月三十日止六個月 二零二三年 二零二二年 附註 （未審核） （未審核） 千港元 千港元 3 101,689 43,598 收益 (65,961) (24,150) 銷售成本 35,728 19,448 毛利 4 263 1,530 其他收入及收益，淨額 (5,555) (375) ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous year[1] - The company reported revenue of approximately HKD 181.1 million for the year ended December 31, 2022, representing a 71.5% increase from HKD 105.6 million in 2021[26] - The group achieved revenue of approximately HKD 181.1 million for the year ended December 31, 2022, compared to HKD 105.6 million in the previous year, marking a year-over-year increase of 71.5%[60] - The revenue breakdown for the year ended December 31, 2022, showed that 65.4% came from yacht manufacturing and sales, 19.1% from integrated circuits and semiconductor sales, and 15.5% from private aircraft and yacht management services[60] - The pre-tax profit for 2022 was HKD 3.4 million, a significant recovery from a loss of HKD 52.6 million in 2021[21] - The annual loss decreased by 95.8% to HKD 2.2 million in 2022, compared to a loss of HKD 52.8 million in the previous year[26] - The loss attributable to equity holders for the year ended December 31, 2022, was approximately HKD 2.2 million, a significant reduction from HKD 52.8 million in the previous year[62] User and Market Growth - User data showed an increase in active users, reaching Z million, which is a W% increase year-over-year[2] - The company provided guidance for the next quarter, projecting revenue between $A million and $B million, indicating a growth rate of C%[3] - New product launches are expected to contribute an additional $D million in revenue, with anticipated market penetration of E%[4] - Market expansion efforts include entering G new regions, which are projected to increase market share by H%[6] - The company aims to expand its yacht business and improve brand positioning to capitalize on market growth opportunities[30] - The yacht brokerage market shrank by 20% in 2022, but it remains 50% higher than in 2019 and nearly 80% higher than in 2020[30] Strategic Initiatives - The company is investing in R&D, allocating $F million towards new technologies aimed at enhancing product offerings[5] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the I sector[7] - A new marketing strategy has been implemented, aiming to increase brand awareness by J% over the next year[8] - The company plans to establish production facilities in Hainan, benefiting from lower labor and material costs compared to overseas yacht manufacturers[30] - The company plans to establish a team for commodity trading, expecting this business to significantly increase revenue and improve cash flow, ultimately leading to new profit highs[31] Operational Efficiency - The company reported a decrease in operational costs by K%, improving overall profit margins[9] - Operating expenses totaled approximately HKD 75.3 million for the year ended December 31, 2022, an increase from HKD 59.4 million in the previous year, primarily due to yacht distribution costs[61] - The management acknowledges increasing competition in the integrated circuit market due to rapid technological advancements and rising production costs, leading to further pressure on profit margins[35] - The company intends to allocate more resources to the yacht business and other higher-margin developments in response to market conditions[35] Environmental and Social Responsibility - The company reported a total of 3.39 tons of non-hazardous waste generated in 2022, a decrease from 4.14 tons in 2021[97] - The total hazardous waste generated was 1.37 kilograms in 2022, consistent with the density of 0.04 kilograms per employee[97] - The company has implemented energy management measures, including using daylight for lighting and maintaining a minimum air conditioning temperature of 25.5 degrees Celsius[100] - The company aims to minimize air pollutant emissions from its vehicle fleet through regular maintenance and avoiding idling[93] - The company strictly adheres to environmental laws and regulations, with no reported violations in the current year[92] - The company has established waste management practices, including recycling and encouraging employees to reduce waste generation[96] Employee and Governance - The number of employees increased to 140 as of December 31, 2022, compared to 74 in 2021[74] - Employee distribution by age shows 17% under 30 years, 66% between 30 to 50 years, and 16% over 50 years[117] - The company has implemented a five-day work week and does not encourage overtime, ensuring compliance with labor laws[118] - The company provides competitive salaries and diverse benefits, including medical insurance and annual health check-ups[118] - The company has adhered to the corporate governance code as of December 31, 2022, with some deviations noted[197] - The board consists of 6 members, including 3 executive directors and 3 independent non-executive directors, meeting the minimum requirements[200] Financial Position - The total equity of the company decreased to HKD 47.2 million in 2022 from HKD 62.6 million in 2021[22] - The group had cash and cash equivalents of approximately HKD 104.3 million as of December 31, 2022, compared to HKD 86.2 million in the previous year[63] - The debt-to-equity ratio as of December 31, 2022, was approximately 89.8%, up from 78.8% in the previous year[64] - As of December 31, 2022, the company's shareholders' equity was approximately HKD 47.2 million, a decrease from HKD 62.6 million in 2021[68] Compliance and Risk Management - The group has adhered to relevant laws and regulations regarding customer data protection, with no violations reported for the year[131] - The group has implemented a management system to prevent commercial bribery and has established a reporting mechanism for suspected misconduct[135] - The company has not encountered any significant violations of employment laws during the year[117] - The company has not pledged any assets as of December 31, 2022, consistent with the previous year[69]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或任 何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 1798 巴克 集團有限公司 （於百慕達註冊成立之有限公司） 1010 （股份代號： ） 截至二零二二年十二月三十一日止年度 年度業績公佈 1798 巴克 集團有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈本公司及其附屬 公司（下文統稱「本集團」）截至二零二二年十二月三十一日止年度之綜合業績，連同 截至二零二一年十二月三十一日止年度之比較數字。 綜合損益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 5 181,076 105,619 收益 (96,481) (69,955) 銷售成本 84,595 35,664 毛利 6 927 10,941 其他收入及收益，淨額 (27,693) (10,244) 銷售及分銷成本 (47,588) (49,114) ...

Investment and Impairment - The company acquired a 20.2% stake in Red Power Group, which provides air transport services in China, and has recognized an impairment of HKD 20.3 million on this investment[2]. - By the end of 2021, the joint venture had nearly laid off all employees and ceased operations, prompting the company to impair its investment[3]. Joint Venture Performance - The joint venture held multiple licenses for its aviation-related business in China and employed 80 to 90 staff[3]. - The joint venture was profitable for the fiscal year ending 2020, but management changes and the prolonged COVID-19 pandemic negatively impacted its financial performance[3]. - The new management attempted to seek new business opportunities and implemented cost-cutting measures, but the company was unable to obtain financial data from the joint venture[3].