6月13日，截至港股收盘，恒生指数下跌0.59%，报23892.56点。朸浚国际（01355.HK）收报0.104港元/ 股，上涨20.93%，成交量68万股，成交额6.89万港元，振幅19.77%。 最近一个月来，朸浚国际累计涨幅3.61%，今年来累计跌幅39.03%，跑输恒生指数19.82%的涨幅。 财务数据显示，截至2024年12月31日，朸浚国际实现营业总收入3767.5万元，同比减少39.87%；归母净 利润-1955.8万元，同比增长44.68%；资产负债率240.37%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 本集团主要从事住宿营运及提供住宿咨询及物业设施管理服务等相关业务。集团拥有五家营运中之租赁 经营住宿项目。这五间住宿项目分别位于中华人民共和国深圳市南山区,宝安区,惠州市,成都市及武汉 市。住宿营运之收益主要来自租赁住宿及会议设施与提供住宿设施管理及住宿咨询服务。 于二零一八年七月十八日,Hehui International Development Limited(一间于英属处女群岛注册成立的公司 并由袁富儿先生全资拥有)成为本公司的控股股东。袁先生成立并于深圳市合正房地产 ...

以4月30日收盘价计算，朸浚国际目前市净率（TTM）约-1.9倍，市销率（TTM）约1.98倍。 中证智能财讯 朸浚国际（01355）4月30日披露2024年度报告。报告期内，公司实现营业总收入4300.8万港元，同比下降37.43%；归母净利润亏损2112万港 元，上年同期亏损3817.8万港元；经营活动产生的现金流量净额为2426.8万港元，同比下降30.98%；据报告显示，朸浚国际基本每股收益为-0.0446港元。 市盈率(TTM)历史分位(%) 001 900 98a56 80 78.8 70 ead 3 60 60x41 50 40 30 20 10 0 2019-12-37 1 7-12-37 2-12-37 J-72-37 2n- 制图数据来自恒生聚源数据库 市净率(LF)历史分位(%) (100 90 96:52 95:09 85,92 8548 80 80o38 70 67-35 60 50 40 30 20 10 0 2019-12-37 1 7-12-37 J-12-37 2n- 制图数据来自恒生聚源数据库 公司是一家主要从事经济酒店运营业务的投资控股公司。该公司通过两个业务分部进行运营 ...

Economic Environment and Market Conditions - The hotel business was adversely affected by global economic instability and geopolitical conflicts, particularly in the PRC, leading to a cautious consumer spending environment[13] - The economic slowdown in sectors like property development has added uncertainties to the PRC's economic development[13] - The overall market sentiment in the PRC hotel industry has declined significantly, impacting consumer spending and occupancy rates[24] - The Group's performance remains steady despite the challenging market conditions[13] Business Strategy and Development - The Group maintained a proactive approach to enhance core competitiveness and adjusted business strategies to manage challenges in the tourism industry[13] - The Group diversified its business into the healthcare and beauty segment, achieving positive initial results[13] - The Group plans to further develop its healthcare and beauty business, focusing on bioregenerative, collagen, and anti-aging skincare products[16] - The Group aims to collaborate with key players in the healthcare and beauty industry for business diversification[16] - The Group is exploring ways to broaden and stabilize its revenue base, particularly through accommodation consultation services, which are more resilient to pandemic impacts[47] Accommodation Operations - The Group currently operates five leased-and-operated accommodation projects[20] - The accommodation operation revenue for the year was approximately HK$35,821,000, representing a decrease of approximately 38.50% compared to the previous financial year due to reduced occupancy rates and contract expirations[24] - The occupancy rate for the accommodation business decreased to 50.82% from 74.38% in the previous year, representing a decline of approximately 23.56%[63] - The average room rate (ARR) decreased from RMB 312.2 to RMB 253.5, a reduction of approximately 18.75%[63] - The Group is implementing flexible sales and marketing plans, including cooperation agreements with new tourism intermediaries and updating existing sales strategies to improve performance[26] - The Group continues to adopt operational improvement schemes, such as enhancing accommodation facilities and implementing staff performance programs to boost revenue[26] Financial Performance - The revenue for the Year was approximately HK$3,785,000, representing a decrease of approximately 59.79% compared to the last financial year[47] - The Group's total comprehensive loss for the Year was approximately HK$37,596,000, a decrease of approximately 39.23% compared to the previous year[57] - The Group's revenue from the accommodation business segment decreased by approximately 41.46% from HK$67,661,000 to HK$39,606,000[57] - Total operating costs decreased by approximately HK$8,347,000 or about 13.16% to approximately HK$55,078,000 for the year ended 31 December 2024 compared to HK$63,425,000 in 2023[68] - Employee benefit expenses decreased by approximately HK$1,779,000 or about 10.04% as a result of effective employee management programs[70] Corporate Governance and Management - The Company has complied with the applicable Corporate Governance Code throughout the Year, with certain specified deviations explained[112] - The Board is responsible for formulating strategies, monitoring performance, and managing risks, supported by three committees: audit, remuneration, and nomination[113] - The Company adopted the Model Code for Securities Transactions, confirming compliance by all Directors and relevant employees throughout the Year[114] - The Board has mechanisms in place to ensure independent views and input are available, which are reviewed annually for effectiveness[137] - The Company ensures that all Directors have the required character, integrity, and expertise to fulfill their roles effectively[140] Diversity and Inclusion - The Company aims to achieve gender parity in its workforce and is actively considering gender diversity during recruitment[160] - The Board has adopted a Board Diversity Policy to enhance diversity in its composition, considering factors such as gender, age, and professional experience[149] - The current Board composition has achieved the objectives of the Board Diversity Policy[173] Environmental and Social Responsibility - The Group emphasizes the importance of environmental protection and respects the legitimate rights of stakeholders, including employees, customers, suppliers, and community members[96] - The Group is committed to corporate social responsibility and will publish specific reports in compliance with the Hong Kong Stock Exchange listing rules[96] Future Outlook - Despite economic challenges, the Group expects the Chengdu Branch to generate sustainable and stable income in the future[31] - The Group plans to raise up to approximately HK$46,300,000 through a rights issue, with approximately HK$24,000,000 allocated for developing the healthcare and beauty business[54] - The Group anticipates that international projects, such as the opening of Legoland theme park in Shenzhen, will increase guest numbers in the Huizhou region, boosting long-term performance[37]

基于上述接纳及申请结果，已接获合共19份有关456191452股供股股份的有效接纳及申请，佔供股项下 可供认购的538033708股供股股份总数的约84.8%。因此，供股获不足认购81842256股供股股份，佔供 股项下可供认购的538033708股供股股份总数的约15.2%。 鉴于上述暂定配额通知书项下临时配发的有效接纳，147382316股供股股份根据额外申请表格可供认 购，相当于供股项下提呈供股股份总数约27.4%。该等数目的额外供股股份足以满足所有根据额外申请 表格作出有关总数为65540060股额外供股股份的有效申请。 鉴于供股股份认购不足，董事会认为接纳所有合共65540060股供股股份之有效额外申请，并向有关申请 人全数配发及发行该等供股股份，乃属公平公正。因此，将不会就全部及部分不获接纳之额外供股股份 申请寄发退款支票。 (1)已接获合共9份有关根据供股临时配发的合共390651392股供股股份的有效接纳，佔供股项下可供认 购的538033708股供股股份总额的约72.6%;及 (2)已接获合共10份有关合共65540060股额外供股股份的有效接纳，佔供股项下可供认购的538033708股 供 ...

Financial Performance - The company reported total revenue of HKD 40,684,000 for the year ending December 31, 2024, a decrease of 40% compared to HKD 67,661,000 in 2023[4] - Operating loss for the year was HKD 31,195,000, improved from a loss of HKD 52,882,000 in the previous year[4] - The net loss for the year was HKD 39,760,000, a reduction of 35.7% from HKD 61,768,000 in 2023[4] - Basic and diluted loss per share was HKD 4.46, compared to HKD 8.51 in the previous year[6] - The operating loss before tax for 2024 was HKD 37,075,000, compared to a loss of HKD 58,673,000 in 2023, representing a 37% improvement[4] - The company reported a net loss attributable to shareholders of HKD 21,120,000 for 2024, down from HKD 38,178,000 in 2023, indicating a 45% reduction in losses[43] - The overall loss for the year was approximately HKD 37,596,000, a reduction of about 39.23% from approximately HKD 61,867,000 in the previous fiscal year[79] Assets and Liabilities - Total assets decreased to HKD 75,054,000 from HKD 127,319,000, reflecting a decline of approximately 41%[8] - Current liabilities were HKD 73,272,000, down from HKD 81,407,000, indicating a reduction of about 10%[8] - The company’s non-current liabilities decreased to HKD 107,132,000 from HKD 128,653,000, a reduction of approximately 16.7%[9] - The company has a net current liability of HKD 55,473,000, improved from HKD 72,189,000 in the previous year[8] - Total liabilities decreased from HKD 210,060,000 in 2023 to HKD 180,404,000 in 2024, a reduction of 14%[4] - The total liabilities for accounts payable and other payables decreased from HKD 25,778,000 in 2023 to HKD 13,221,000 in 2024, a reduction of approximately 48.7%[54] Cash Flow and Financial Support - The company reported cash and cash equivalents of HKD 13,857,000, significantly up from HKD 2,214,000 in 2023[8] - The group has received a financial support commitment from its controlling shareholder, ensuring sufficient funds to meet operational needs, with a loan of approximately HKD 28,569,000 due by December 31, 2024, not to be repaid until all other liabilities are settled[17] - The controlling shareholder has agreed to provide a credit facility of HKD 200,000,000, of which approximately HKD 171,431,000 remains undrawn as of December 31, 2024[17] - The group recorded a loss of approximately HKD 39,760,000 for the year ending December 31, 2024[109] - As of December 31, 2024, the group's net current liabilities and net debt were approximately HKD 55,473,000 and HKD 105,350,000, respectively[109] Operational Performance and Strategy - The group is implementing measures to improve operational performance and reduce liquidity risk, including controlling costs and limiting capital expenditures[18] - The group is focused on enhancing cash flow and financial stability before further investments in the accommodation business segment[18] - The company is implementing flexible sales and marketing strategies to improve performance in accommodation projects and stimulate property facility management services[61] - The company is actively pursuing cost control measures and improving operational efficiency to ensure sustainable high-quality development[62] Revenue Breakdown - The hotel business revenue for the year was approximately HKD 35,821,000, a decrease of about 38.50% compared to the previous fiscal year due to a downturn in the Chinese hotel market and reduced occupancy rates[61] - Total revenue from the accommodation business segment was approximately HKD 39,606,000, a decrease of about 41.46% from approximately HKD 67,661,000 in the previous fiscal year[79] - The revenue from accommodation consulting services for the year was approximately HKD 3,780,000, a decrease of about 59.79% compared to the previous fiscal year[73] - The healthcare and beauty segment generated revenue of approximately HKD 1,078,000 this year, compared to zero in the previous year[76] Shareholder Actions and Future Plans - The group plans to raise approximately HKD 46,300,000 through a rights issue to enhance its capital base, which is expected to significantly improve liquidity and financial condition[18] - The company plans to raise up to approximately HKD 46,300,000 through a rights issue, with about HKD 24,000,000 allocated for developing healthcare and beauty business[77] - The company issued 89,670,000 new shares at a price of HKD 0.169 per share, raising approximately HKD 14,987,000 for renovations and general working capital[55] Governance and Compliance - The board of directors did not recommend any dividend for the year, consistent with the previous year[92] - The group has no outstanding capital commitments or significant contingent liabilities as of December 31, 2024[96][97] - The company has complied with all relevant regulations and standards in its operations and financial reporting[100] - The board of directors includes executive and non-executive members, ensuring a diverse governance structure[114] Market Conditions and Future Outlook - The skincare market in China is projected to grow from approximately USD 590.8 billion in 2024 to approximately USD 1,286.1 billion by 2032, with a compound annual growth rate of about 11.75%[74] - The Chengdu store is expected to provide stable income in the future, despite challenges in the competitive market[65] - The Wuhan store has achieved expected results through upgraded management and marketing strategies in response to economic difficulties[67] - The Huizhou store is affected by the expiration of several long-term accommodation contracts, but the company anticipates growth from future developments in the Greater Bay Area[68] - The Nanshan store is innovating by introducing various accommodation models, such as e-sports rooms, to attract consumers and enhance guest satisfaction[70]

LegendStrategy ｶ溶膠 Legend Strategy International Holdings Group Company Limited 材溶國際集團控股有限公司 (a company incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號 1355 CONTENTS 目錄 2 CORPORATE INFORMATION 5 MANAGEMENT DISCUSSION AND ANALYSIS 20 REPORT ON REVIEW OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 22 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 24 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 簡明綜合財務狀況表 26 CONDENSED CONSO ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HK$19,104,000, a decrease of 37.5% compared to HK$30,524,000 in 2023[87]. - The Group recorded revenue of HK$19,104,000 for the period, a decrease of approximately 37.41% compared to HK$30,524,000 in the same period last year[34]. - The Group's accommodation operations revenue for the period was HK$17,978,000, representing a decrease of approximately 38.90% compared to the same period last financial year due to reduced occupancy rates and contract expirations for long-stay customers in Huizhou[11]. - The average occupancy rate decreased to 51.81% from 74.74%, a decline of 22.93%[38][40]. - Average room revenue (ARR) fell to RMB 255.1, down RMB 31.3 or approximately 10.93% from the previous year[40]. - RevPAR decreased to RMB 132.2, a drop of RMB 81.8 or approximately 38.22% compared to the same period last year[40]. - The Group recorded a profit attributable to owners of the Company of HK$3,211,000, a turnaround from a loss of HK$5,348,000 in the corresponding period last year[34]. - Total comprehensive income for the period was HK$2,442,000, compared to a loss of HK$8,053,000 in 2023[87]. - Basic and diluted earnings per share for the period were 0.72 Hong Kong cents, compared to a loss of 1.19 Hong Kong cents in 2023[88]. Operational Challenges - The hotel business experienced a rebound in 2023 due to the reopening of the PRC borders, but faced challenges in the current period due to global economic instability and geopolitical conflicts[9]. - The overall hotel business in China is facing challenges due to economic instability and cautious consumer sentiment, impacting occupancy rates[11]. - The PRC's economy has been significantly impacted by a slowdown in property development, leading to reduced consumer spending and increased caution among consumers[9]. - The Wuhan Branch, with a total GFA of approximately 9,000 sq.m, is focusing on operational upgrades and cost optimization in response to decreased demand for commercial activities and events[19]. - The Group is exploring business diversification opportunities in the healthcare and beauty industry in the PRC[33]. Strategic Initiatives - The Group aims to enhance its core competitiveness and adapt to macro-environmental trends by adjusting business strategies and expanding personalized accommodation products and management services[9]. - The Group is focused on upgrading brands and products, optimizing member benefits, and enhancing customer experience and efficiency[9]. - The strategic objectives include forming a well-structured and distinctive hotel brand matrix to achieve steady performance amidst challenging market conditions[9]. - The Group is implementing flexible sales and marketing plans, including cooperation agreements with new tourism intermediaries and updating existing sales strategies to enhance customer loyalty and service quality[12]. - The Group aims to expand property facilities management services to residential property management to optimize its business portfolio[32]. Cost Management - The Group is committed to controlling costs and reducing expenses to promote sustainable and high-quality development[9]. - The Group is maintaining cost-saving measures and reviewing human resource efficiency to control back office expenses and maximize benefits[13]. - Total operating costs decreased by HK$7,359,000 or approximately 21.18%, from HK$34,744,000 to HK$27,385,000[40]. - Employee benefit expenses decreased by HK$2,490,000 or approximately 23.01% due to effective employee management[41]. - The Baoan Branch maintained stable performance through effective cost control and sales strategies despite adverse conditions[28]. Financial Position - The Group had net current liabilities of HK$66,941,000 and net liabilities of HK$80,299,000 as of June 30, 2024[48]. - The Group's controlling shareholder has agreed to provide continuing financial support to meet liabilities and ensure ongoing operations[48]. - The Group's total assets decreased to HK$111,296,000 from HK$127,319,000 as of December 31, 2023[89]. - The accumulated losses as of June 30, 2024, were HK$ (310,599,000), a decrease from HK$ (313,810,000) at the beginning of the year, indicating a reduction in overall losses[91]. - The total capital deficiency as of June 30, 2024, was HK$ (80,299,000), a slight improvement from HK$ (82,741,000) at the end of 2023, reflecting ongoing efforts to stabilize the financial structure[90]. Employee and Shareholder Information - The Group had 115 employees as of June 30, 2024, an increase from 94 employees as of December 31, 2023[56]. - The total number of issued shares remained unchanged at 448,363,708 shares as of June 30, 2024[53]. - The Directors did not recommend the payment of an interim dividend for the period, consistent with the previous year[54]. - Yuan Fuer holds 269,564,510 shares, representing a 60.12% shareholding in the company[75]. - Chen Hui has an interest in 35,740,071 shares, accounting for 7.97% of the total shares[75]. Compliance and Reporting - The company is required to comply with Hong Kong Accounting Standard 34 for interim financial reporting[80]. - The review of the condensed consolidated financial statements was conducted in accordance with Hong Kong Standard on Review Engagements 2410[81]. - The interim financial statements were approved and authorized for publication by the board on August 30, 2024[148].

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告之內容概不負責，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告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任 有關截至二零二三年十二月三十一日止年度之年報 之補充公佈 茲提述朸濬國際集團控股有限公司（「本公司」）於二零二四年四月三十日刊發的截至二零二 三年十二月三十一日止年度（「二零二三財年」）之年報（「年報」）。 二零二三財年錄得之減值虧損 誠如年報所披露，本公司於二零二三財年錄得非金融資產減值虧損約41,760,000港元（「減值 虧損」），包括就(1) 物業、廠房及設備（「物業、廠房及設備」）確認的減值虧損約 6,796,000港元；(2) 使用權資產（「使用權資產」）確認的減值虧損約33,106,000港元；及(3) 商 譽（「商譽」）減值虧損約1,858,000港元。 為進行減值評估及釐定二零二三年十二月三十一日之物業、廠房及設備、使用權資產及商譽之 可收回金額，本集團管理層已估算該等資產所屬之現金產生單位（「現金產生單位」）之可收 回金額，並委聘獨立估值師（「估值師」）對該等現金產生單位進行估值（「估值」 ...

Business Performance and Strategy - The Group achieved a resilient performance in its accommodation operation segment, adapting to both online and offline operations through digital empowerment[12]. - In 2023, the Group's business strategies were adjusted to ensure stable operations amidst external uncertainties, reflecting a "steady progress" development approach[13]. - The end of COVID-19 restrictions in Mainland China in the first half of 2023 led to a recovery in the commercial and tourism industries, boosting travel activities[12]. - The Group anticipates a gradual recovery in the travel and accommodation industry in 2024, driven by increased consumer demand for accommodation services[14]. - The optimization of the Chinese economy and supportive macro policies are expected to provide strong backing for the Group's business development[18]. - The Group plans to actively seek various investment and business development opportunities to enhance market competitiveness[18]. - Continuous innovation and improvement of products and service levels are prioritized to meet the growing needs of customers[18]. - The Group aims to diversify income sources and achieve long-term sustainable development[18]. Financial Performance - For the year ended December 31, 2023, the revenue from accommodation operations was HK$58,247,000, representing an increase of approximately 6.57% compared to the previous financial year[25]. - The growth in revenue was primarily driven by the recovery of the tourism market, evidenced by the resumption of cross-province travel frequency returning to pre-pandemic levels[25]. - The Group recorded revenue of HK$67,661,000 for the Year, an increase of approximately 7.40% compared to HK$63,002,000 in the previous financial year[63]. - The Group experienced a total comprehensive loss of HK$61,867,000, representing an increase of approximately 227.30% from HK$18,902,000 in the last financial year[63]. - Total operating costs decreased by HK$12,368,000 or approximately 16.32%, from HK$75,793,000 to HK$63,425,000[71]. - Employee benefit expenses decreased by HK$3,863,000 or approximately 17.90% due to effective employee management[72]. - The Group's bank and cash balances decreased to HK$2,214,000 as of December 31, 2023, down from HK$2,434,000 in the previous year[80][82]. Operational Developments - The Group's accommodation consulting and property facility management services are areas of continued expansion to enhance brand and operational efficiency[13]. - The Group is enhancing its core competitiveness by adjusting business strategies, expanding personalized accommodation products, and accelerating store openings[24]. - The Chengdu Branch recorded exceptional growth due to the resumption of normal cross-border traffic and increasing tourism consumption confidence[34]. - The Wuhan Branch has achieved expected results despite the surrounding area's performance yet to improve, focusing on operational upgrades and cost optimization[36]. - The Group is implementing effective sales and marketing plans, including cooperation agreements with new tourism intermediaries to stimulate performance[28]. - The Group is maintaining cost-saving measures to lower corporate expenses and reviewing performance against financial budgets[29]. Branch Performance - The Huizhou Branch offers opportunities for beach vacations, attracting both domestic and foreign tourists[37]. - The Chengdu store achieved strong growth this year, benefiting from the recovery of local economic activities and tourism consumption confidence[38]. - The Wuhan store, located in a prime area, has improved management and marketing strategies, leading to steady operations despite surrounding commercial activities needing improvement[39]. - The Huizhou store is expected to benefit from the increasing number of visitors due to the government's commitment to the Greater Bay Area development, enhancing its long-term performance[41]. - The Nanshan Branch reported improved operating results with increased revenue over the last financial year, driven by a recovery in domestic tourism and rising demand for commercial activities[44]. - The Baoan Branch's revenue from accommodation increased due to comprehensive renovations and the rebound in the tourism industry[50]. Governance and Management - Mr. Lam Cheung Shing Richard resigned as an executive director and CEO of EverChina Int'l Holdings Company Limited effective November 1, 2023[139]. - The Board comprises six directors, including one executive director and five non-executive directors[141]. - The Board meets regularly to review and approve financial and operational performance, as well as overall strategies and policies[145]. - The Company complied with the Corporate Governance Code throughout the year, with certain deviations explained[131]. - The Company will continue to review its corporate governance status and make necessary changes to comply with the CG Code[150]. - The Board of Directors held regular meetings to review and approve financial and operational performance, as well as overall strategies and policies[151]. Gender Diversity and Employment - As of December 31, 2023, the Group had 31 male employees and 63 female employees, resulting in a male-to-female ratio of approximately 3:7, which is considered satisfactory by the Board[187]. - The Company aims to ensure at least one female member on the Board by December 2024, recognizing the importance of gender diversity[185]. - The roles of the Chairman and Chief Executive Officer are segregated to ensure a clear division of responsibilities and prevent power concentration[168]. - The Board adopted a Board Diversity Policy to achieve diversity through various aspects, including gender, age, and professional experience[177]. - The Company aims to achieve gender parity in senior management and potential successors to the Board over time[192]. - The company continues to prioritize gender diversity in recruitment processes to balance gender proportions at all levels[192].

Financial Performance - For the year ended December 31, 2023, the company reported a total revenue of HKD 67,661,000, an increase of 7.6% compared to HKD 63,002,000 in 2022[4] - The operating loss for the year was HKD 52,882,000, significantly higher than the operating loss of HKD 8,716,000 in the previous year, indicating a deterioration in operational performance[4] - The net loss for the year amounted to HKD 61,768,000, compared to a net loss of HKD 17,647,000 in 2022, reflecting a year-over-year increase in losses of 250.5%[6] - The company incurred a loss per share of HKD 8.51, compared to HKD 1.74 in the previous year, indicating a substantial increase in losses per share[6] - The group recorded a net loss of HKD 61,768,000 for the year ended December 31, 2023[13] - The group reported a total comprehensive loss of HKD 61,867,000, an increase of approximately 227.30% compared to HKD 18,902,000 in the previous fiscal year[70] Assets and Liabilities - The company's total assets decreased to HKD 127,319,000 from HKD 196,168,000 in 2022, representing a decline of 35.1%[8] - Current liabilities decreased to HKD 81,407,000 from HKD 90,764,000 in the previous year, a reduction of 10.5%[8] - The company reported a significant increase in non-current liabilities, which rose to HKD 128,653,000 from HKD 126,278,000, indicating a slight increase of 1.9%[9] - The company's equity attributable to owners decreased to HKD (36,348,000) from HKD 2,178,000 in 2022, reflecting a capital deficit[9] - As of December 31, 2023, the group's net current liabilities and net debt were HKD 72,189,000 and HKD 82,741,000, respectively[13] - The group’s total liabilities decreased from HKD 38,052,000 in 2022 to HKD 25,778,000 in 2023, a reduction of approximately 32.2%[46] Revenue Sources - The group's revenue from accommodation operations and property management services for 2023 was HKD 58,247,000, an increase of 5.8% from HKD 54,654,000 in 2022[28] - Revenue from accommodation consulting services rose to HKD 9,414,000 in 2023, up from HKD 8,348,000 in 2022, reflecting a growth of 12.8%[28] - Total revenue from contracts with customers reached HKD 67,661,000 in 2023, compared to HKD 63,002,000 in 2022, marking an increase of 7.6%[28] Operational Efficiency - Total operating expenses decreased to HKD 12,891,000 in 2023 from HKD 19,692,000 in 2022, a reduction of 34.7%[33] - Financing costs decreased to HKD 5,791,000 in 2023 from HKD 7,387,000 in 2022, reflecting a decline of 21.6%[35] - Employee costs totaled HKD 17,722,000 for the year, down from HKD 21,585,000 in the previous year, reflecting a decrease of approximately 17%[90] - The group had 94 employees as of December 31, 2023, a reduction from 120 employees as of December 31, 2022, indicating a decrease of about 22%[90] Strategic Initiatives - Management is implementing measures to broaden the revenue base, control costs, and limit capital expenditures to improve operational performance and reduce liquidity risk[15] - The company is focused on enhancing core competitiveness by adjusting business strategies, expanding personalized accommodation products, and optimizing member benefits to improve customer experience and operational efficiency[49] - The company has implemented a series of operational improvement measures, including enhancing accommodation project facilities and employee performance plans, to increase revenue and improve overall performance[52] Market Conditions - The growth in revenue was primarily driven by the favorable impact of domestic pandemic control measures and the accelerating recovery of the tourism market, with inter-provincial travel frequency returning to pre-pandemic levels[50] - The Nanshan store has seen a recovery in business performance due to the resurgence of domestic tourism and increased demand for business activities[62] - The Baoan store benefited from recent renovations and the recovery of the tourism industry, leading to increased revenue from accommodation services[63] Financial Support and Commitments - The group has received financial support commitments from its controlling shareholder to cover outstanding borrowings of HKD 27,469,000 until the company can meet all other liabilities[14] - The group has a financial support agreement with a related company to provide sufficient funds to meet upcoming financial obligations, including an unused credit facility of HKD 172,531,000[14] Accounting and Reporting - The group has adopted revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which may impact accounting policies[18] - The group does not expect significant impacts from the newly issued but not yet effective Hong Kong Financial Reporting Standards on the consolidated financial statements in the foreseeable future[23] - The financial data presented does not constitute the consolidated financial statements for the year ending December 31, 2023, but is extracted from those statements[93] Shareholder Information - The company did not declare or propose any dividends to ordinary shareholders for both years[39] - The board does not recommend any dividend payment for the year[80] - The total number of issued shares remained unchanged at 448,363,708 shares as of December 31, 2023[79] - The annual general meeting is scheduled for May 27, 2024, with a suspension of shareholder registration from May 22 to May 27, 2024[98][99]