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智通港股52周新高、新低统计|7月18日
智通财经网· 2025-07-18 08:43
Core Viewpoint - As of July 18, 160 stocks reached their 52-week highs, with notable performances from China New Economy Investment (00080), Aoyuan Group Equity (02905), and Zhong An Holdings Group (08462) showing high growth rates of 288.89%, 55.28%, and 50.00% respectively [1][2]. Summary by Category 52-Week High Performers - China New Economy Investment (00080) closed at 0.440, with a peak price of 0.700, achieving a growth rate of 288.89% [2]. - Aoyuan Group Equity (02905) closed at 0.218, with a peak price of 0.250, achieving a growth rate of 55.28% [2]. - Zhong An Holdings Group (08462) closed at 0.221, with a peak price of 0.228, achieving a growth rate of 50.00% [2]. - Other notable performers include Hualian International (00969) with a growth rate of 40.13% and Zhongke Bio (01237) with a growth rate of 37.25% [2]. Additional High Performers - Wanma Holdings (06928) closed at 0.550 with a growth rate of 30.43% [2]. - Lepu Biopharma-B (02157) closed at 7.940 with a growth rate of 24.54% [2]. - Other stocks with significant growth include ZhiJianYueDong (06860) at 17.14% and China Jindian Group (08281) at 17.12% [2]. 52-Week Low Performers - The document also lists stocks that reached their 52-week lows, with XI Ernan CO-U (09311) showing a decline of 16.10% [6]. - Other notable declines include XI Ernan CO (07311) at -12.62% and Haotian International Construction Investment (01341) at -5.70% [6].
北京体育文化(01803) - 2024 - 年度财报
2025-04-23 09:30
Financial Performance - The Group recorded revenue of HK$169.7 million for the year ended 31 December 2024, a significant increase from HK$62.4 million in the previous year, representing a growth of 172%[18] - Gross profit for the current year was HK$30.0 million, compared to HK$13.1 million in the corresponding year, indicating a gross profit margin improvement[18] - The net loss for the year was HK$35.3 million, reduced from a loss of HK$65.1 million in the previous year, showing a 46% improvement in financial performance[18] - The Group's revenue for the current year was HK$169.7 million, a significant increase from HK$62.4 million in the previous year, with a gross margin of 17.7%, down from 21.0%[39][45] - Other income for the current year was HK$10.0 million, compared to HK$8.6 million in the previous year, primarily from interest, investment, and rental income[40][46] - The Group recorded a net loss of HK$35.3 million, which is a reduction of HK$29.8 million from the previous year, attributed to growth in the Sports and Entertainment Business and lower impairment losses[52][58] Assets and Liabilities - Total assets as of 31 December 2024 amounted to HK$421.7 million, up from HK$335.2 million in 2023, reflecting a growth of 26%[15] - Total liabilities increased to HK$269.8 million in 2024 from HK$145.9 million in 2023, indicating a rise of 85%[15] - Net assets decreased to HK$151.8 million in 2024 from HK$189.3 million in 2023, a decline of 20%[15] - As of December 31, 2024, the Group's net cash position is HK$25.3 million, down from HK$62.9 million in 2023[69] - The Group's cash and bank balances decreased to HK$75.5 million from HK$87.0 million in the previous year[69] - Interest-bearing bank and other borrowings increased to HK$50.2 million from HK$24.1 million in 2023[69] - The net cash outflow from operating activities for the current year was HK$27.8 million, compared to HK$3.4 million in the corresponding year[70] - The current ratio decreased to 1.18 from 1.55 in 2023, while the quick ratio fell to 0.97 from 1.40[75] - The gearing ratio increased to 0.33 from 0.13, and the debt to total assets ratio rose to 0.12 from 0.07[75] Business Operations and Strategy - The Group has established a leading dome manufacturing center in Huzhou, Zhejiang Province, with an annual processing capacity exceeding 5 million square meters[20] - MetaSpace, a subsidiary, focuses on providing integrated services for air-dome facilities applicable in five major sectors, including sports and commercial tourism[19] - The company aims to enhance its competitive edge through customized manufacturing processes and comprehensive solutions for clients[20] - Future strategies include expanding nationwide sales channels and leveraging technical advantages to capture market opportunities[20] - MetaSpace secured new contracts amounting to approximately RMB206 million during the current year, indicating a strong recovery post-pandemic[31] - The company is actively expanding its market presence through professional exhibitions and collaborations to promote dome structure technology[25] - The air dome technology is being applied in agricultural warehousing, aiding in food preservation and transportation[30] - The management remains cautiously optimistic about future performance due to substantial new contracts in the pipeline[31] Lending and Interest Income - The Group's lending business generated interest income of HK$3.1 million, an increase from HK$2.2 million in the previous year[32] - As of December 31, 2024, the gross loan balances were HK$27.0 million, up from HK$26.0 million in 2023[32] - The weighted average interest rate of outstanding loans decreased to 10.9% from 12.0% in the previous year[32] - Interest income from the lending business contributed HK$3.1 million, up from HK$2.2 million last year, with total loan balance increasing to HK$27.0 million from HK$26.0 million[36] Corporate Governance and Management - The Directors of the Company include Mr. Liu Xue Heng as Chairman and Chief Executive Officer, and Mr. Lam Ka Tak among others[131] - The Company has received annual confirmations of independence from all Independent Non-executive Directors[132] - Directors' remuneration is determined by the Board based on duties, responsibilities, performance, and Group results[141] - The directors' fees are subject to shareholders' approval at general meetings[141] - Mr. Tse Man Kit, Keith was redesignated from chief financial officer to chief executive officer on December 30, 2024[139] - Mr. Lam Ka Tak was appointed as an independent non-executive director and chairman of the audit committee on March 31, 2025[139] Share Options and Equity - The company operates a share option scheme to incentivize eligible participants contributing to the Group's success[157] - As of December 31, 2024, there are 12,874,500 outstanding share options, representing approximately 0.9% of the total number of shares in issue[165] - The Company may grant share options to eligible participants conferring rights to subscribe for a total of up to 127,927,400 shares, representing approximately 9.09% of the total number of shares in issue as of December 31, 2024[165] - The maximum number of shares that may be issued upon exercise of all share options under the Share Option Scheme must not exceed 30% of the total number of ordinary shares in issue from time to time[163] - The New Share Option Scheme will expire on June 17, 2031, if not terminated earlier by a general meeting[171] - The exercise price for share options must be at least the higher of the closing price on the date of the offer or the average closing price for the five business days preceding the date of grant[170] Risk Management - The Group's credit risk is well-managed, with no significant concentrations of credit risk due to a large number of counterparties and customers[82] - The Group's liquidity risk is minimal, with a substantial portion of financial assets and liabilities due within one year[84] - The Group is exposed to foreign currency risk primarily with respect to Renminbi and United States dollar, but considers this risk to be insignificant[86] - The Group adheres to a robust credit approval procedure for new customers in the Sports and Entertainment Business[82] - The Group regularly reviews and monitors the creditworthiness of counterparties to recover overdue debts[82] Compliance and Legal Matters - There was no material breach of applicable laws and regulations by the Group during the year ended December 31, 2024[105] - The Group had no significant pending litigation or arbitration as of December 31, 2024[194] - The Group did not have any significant contingent liabilities as of December 31, 2024, compared to nil in 2023[195] - The Company is not aware of any tax relief available to shareholders due to their holdings[192] Employee Benefits - The Group contributes 5% of employees' monthly salaries to the mandatory provident fund scheme, capped at HK$30,000[185] - The Group has no further obligation for post-retirement benefits beyond the contributions made to social insurance and the MPF scheme[184]
北京体育文化(01803) - 2024 - 年度业绩
2025-03-25 14:25
Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 169,653,000, a significant increase of 171.5% compared to HKD 62,388,000 in 2023[4] - Gross profit for the same period was HKD 30,049,000, up 129.0% from HKD 13,117,000 in the previous year[4] - The company reported a loss before tax of HKD 36,123,000, an improvement of 40.7% compared to a loss of HKD 60,908,000 in 2023[4] - The net loss for the year was HKD 35,295,000, which is a 45.8% reduction from HKD 65,102,000 in the prior year[4] - The group recorded revenue of HKD 169.7 million, gross profit of HKD 30.0 million, and a net loss of HKD 35.3 million for the current year, compared to revenue of HKD 62.4 million, gross profit of HKD 13.1 million, and a net loss of HKD 65.1 million for the previous year[46] - The group incurred a net loss of HKD 35.3 million, a reduction of HKD 29.8 million compared to the previous year[64] Revenue Sources - Revenue from mainland China for 2024 was HKD 62,388,000, significantly lower than HKD 132,688,000 in 2023, indicating a drop of about 53%[19] - The group's total revenue from external customers for 2024 was HKD 169,653,000, a decrease from HKD 132,688,000 in 2023, representing a decline of approximately 27.5%[19] - Revenue from customer contracts increased significantly to HKD 169,653,000 in 2024 from HKD 62,388,000 in 2023, representing a growth of approximately 172%[22] - The total revenue from providing air membrane construction services rose to HKD 169,205,000 in 2024, compared to HKD 60,836,000 in 2023, marking an increase of about 178%[23] Assets and Liabilities - Total current assets increased to HKD 311,815,000 in 2024, up 41.7% from HKD 219,947,000 in 2023[6] - Current liabilities rose to HKD 263,490,000, an increase of 86.3% compared to HKD 141,525,000 in 2023[8] - The total equity of the company decreased to HKD 151,844,000 in 2024 from HKD 189,314,000 in 2023, a decline of 19.8%[8] - Contract assets increased to HKD 91,125,000 in 2024, up 65.5% from HKD 54,993,000 in 2023[35] - Accounts receivable increased to HKD 68,825,000 in 2024, up 29.6% from HKD 53,080,000 in 2023[38] - Total payables, including accounts payable and notes payable, surged to HKD 126,306,000 in 2024, a significant increase from HKD 44,324,000 in 2023[43] Cash Flow and Financing - The company's cash and bank balances decreased to HKD 75,450,000 from HKD 87,023,000, reflecting a decline of 13.8%[6] - The group's net cash position as of December 31, 2024, is HKD 25.3 million, down from HKD 62.9 million in 2023[72] - The net cash outflow from operating activities for the year is HKD 27.8 million, an increase from HKD 3.4 million in the previous year[73] - Financing costs for bank and other borrowings rose to HKD 1,065,000 in 2024 from HKD 733,000 in 2023[27] - The weighted average interest rate for outstanding loans as of December 31, 2024, was 10.9%, down from 12.0% in the previous year[52] Shareholder and Corporate Structure - The main shareholder of the company is Beijing Health (Holdings) Limited, which is also listed on the stock exchange[10] - The group has only one operating segment, which is the sports entertainment segment, with other businesses considered relatively insignificant[17] - The company’s total issued and fully paid ordinary shares remained at 1,408,019,000 shares for both 2024 and 2023[44] Market Strategy and Future Outlook - The company is focusing on expanding its market presence and developing new products and technologies to drive future growth[4] - The group is actively expanding its market presence through various professional exhibitions and partnerships, enhancing brand recognition and promoting membrane structure technology applications[48] - The group aims to meet the diverse market demands through effective upgrades and technological advancements in membrane performance[51] - The group is exploring opportunities to expand its business into other Asian countries, leveraging its technological advantages and successful case studies[48] - The group is optimistic about future performance, with numerous new contracts currently under negotiation[51] Compliance and Reporting - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and relevant regulations[11] - The group has not applied any new or revised Hong Kong Financial Reporting Standards that are not yet effective, which are expected to have no significant impact on the financial statements[14] - The audit committee has reviewed and approved the consolidated financial statements for the year ending December 31, 2024[90] Employee and Administrative Expenses - Administrative expenses included employee benefits of HKD 18.3 million and R&D costs of HKD 12.6 million[59] - The group has 128 full-time employees as of December 31, 2024, compared to 127 in 2023[87] Dividends and Share Transactions - The board does not recommend any final dividend for the current year, with future dividends to be determined based on business performance, capital needs, cash flow, and other factors[88] - The company did not purchase, sell, or redeem any of its listed shares during the year ending December 31, 2024[92]
北京体育文化(01803) - 2024 - 中期财报
2024-09-26 08:53
Financial Performance - The Group recorded total revenue of HK$54.7 million for the six-month period ended 30 June 2024, compared to HK$45.1 million in the corresponding period of 2023, representing a growth of 21.5%[3]. - Gross profit for the current period was HK$10.2 million, an increase from HK$9.4 million in the corresponding period, reflecting a gross profit margin improvement[3]. - The net loss for the current period was HK$14.2 million, compared to a net loss of HK$17.0 million in the corresponding period, indicating a reduction in losses by 16.5%[3]. - The Group's revenue increased by approximately 21.4% from HK$45.1 million in the Corresponding Period to HK$54.7 million in the Current Period[12]. - The Group reported a loss before tax of HK$66,000 for the six-month period ended June 30, 2024, compared to a loss of HK$1,170,000 in the same period of 2023[111]. - Total comprehensive loss for the period was HK$16,116,000, compared to HK$26,263,000 in the same period last year, indicating a significant improvement[69]. - The company reported a loss per share attributable to owners of the company of HK$0.61, an improvement from HK$0.90 in the previous year[69]. - The Company reported a loss for the period of HK$14,211,000, compared to a loss of HK$8,657,000 in the previous period, marking an increase in losses of approximately 64%[73]. Business Operations - The Group is primarily engaged in the Sports and Entertainment Business, focusing on the construction, operation, and management of air-dome facilities through its subsidiary MetaSpace[3]. - MetaSpace's air domes are applicable in five major areas: sports, commercial and cultural tourism, industrial and environmental protection, agricultural warehousing, and highland oxygen enrichment[3]. - The Group has established a dome manufacturing center in Huzhou, Zhejiang Province, with an annual processing capacity exceeding 5 million square meters[4]. - The Sports and Entertainment Business secured new contracts amounting to approximately RMB130 million during the Current Period[9]. - The Group operates primarily in the sports and entertainment segment, focusing on air dome construction and related services, with other segments deemed relatively insignificant[105]. Market Expansion and Strategy - The company aims to enhance market share by diversifying success cases and establishing nationwide sales channels[4]. - MetaSpace is actively pursuing market expansion through professional exhibitions, including sports and logistics expos, to increase brand awareness[4]. - The company is exploring business expansion opportunities in other Asian countries[4]. - In 2024, the PRC government introduced policies to promote the use of air dome structures in various sectors, including sports and tourism[5]. Financial Position and Liquidity - The Group reported a net cash position of HK$63.1 million as of June 30, 2024, compared to HK$62.9 million on December 31, 2023[13]. - Cash and bank balances increased to HK$108.3 million from HK$87.0 million as of December 31, 2023[13]. - The current ratio decreased to 1.36 from 1.55, while the quick ratio fell to 1.16 from 1.40[13]. - The gearing ratio increased to 0.26 from 0.13, and the debt to total assets ratio rose to 0.12 from 0.07[13]. - The Group's liquidity risk is minimal, with a substantial portion of financial assets and liabilities due within one year[34]. - The Group's current assets exceed current liabilities, allowing it to finance operations from existing shareholders' funds and internally generated cash flows[34]. Expenses and Costs - Selling and distribution expenses increased by 29.8% to HK$6.5 million, accounting for approximately 11.9% of the Group's revenue[12]. - Administrative expenses for the current period totaled HK$21.2 million, slightly up from HK$20.4 million in the corresponding period[13]. - Employee benefit expenses totaled HK$14,419,000, a slight decrease from HK$14,811,000 in the previous year[111]. - Construction contract costs increased to HK$44,532,000, up 28.7% from HK$34,586,000 in the prior year[111]. Share Options and Corporate Governance - The Group has adopted a share option scheme to incentivize Directors and eligible staff[37]. - The maximum number of unexercised share options permitted under the scheme is equivalent to 30% of the shares of the Company in issue at any time[139]. - The Company approved the termination of the existing share option scheme and the adoption of a new share option scheme on June 18, 2021[51]. - The Board consists of nine Directors, including four independent non-executive Directors, ensuring good corporate governance practices[42]. - The Company has complied with all provisions of the corporate governance code throughout the Current Period, with one noted deviation regarding the roles of the chairman and CEO[42]. Taxation and Financial Assets - The company did not make any provision for Hong Kong Profits Tax as there were no assessable profits during the six months ended June 30, 2024[112]. - Two PRC subsidiaries are entitled to a preferential tax rate of 15% as High and New Technology Enterprises for the six months ended June 30, 2024[112]. - The fair value of debt investments at fair value through other comprehensive income was HK$9,754,000 as of June 30, 2024, up from HK$7,725,000 at the end of 2023, indicating a growth of about 26%[156][160]. Employee and Management Information - The Group's employee costs for the Current Period were HK$14.4 million, a decrease from HK$14.8 million in the corresponding period[38]. - As of June 30, 2024, the Group employed 132 full-time employees, up from 127 as of December 31, 2023[38]. - Compensation for key management personnel during the period included short-term employee benefits of HK$1,019,000 and post-employment benefits of HK$57,000[147].
北京体育文化(01803) - 2024 - 中期业绩
2024-08-28 14:39
Financial Performance - The company reported a revenue of HKD 54,748,000 for the six months ending June 30, 2024, compared to HKD 45,086,000 in the same period of 2023, representing an increase of approximately 21.5%[1] - The gross profit for the period was HKD 10,212,000, up from HKD 9,447,000 in 2023, indicating a growth of about 8.1%[1] - The net loss for the six months was HKD 14,211,000, an improvement from a net loss of HKD 16,959,000 in the previous year, reflecting a reduction of approximately 16.3%[2] - Total revenue from customer contracts for the six months ended June 30, 2024, was HKD 54,748,000, representing a 21.5% increase from HKD 45,086,000 for the same period in 2023[10] - Revenue from air dome construction services was HKD 54,745,000 for the six months ended June 30, 2024, up from HKD 43,947,000 in 2023, indicating a growth of 24.6%[10] - The group reported a pre-tax loss of HKD 1,754,000 for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 3,747,000 in the same period of 2023, showing an improvement of 53.2%[13] - The company reported a loss attributable to owners of HKD 8,652,000 for the six months ended June 30, 2024, compared to a loss of HKD 12,670,000 for the same period in 2023[18] - The group recorded other income of 4.7 million HKD, compared to 4.1 million HKD in the corresponding period, mainly from interest, investment, and rental income[34] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 369,131,000, compared to HKD 335,205,000 as of December 31, 2023, showing an increase of about 10.1%[3] - Current assets increased to HKD 261,314,000 from HKD 219,947,000, marking a rise of approximately 18.7%[3] - The total liabilities increased to HKD 192,334,000 from HKD 141,525,000, representing a growth of approximately 36%[4] - The company’s equity attributable to owners decreased to HKD 125,752,000 from HKD 134,975,000, a decline of about 6.9%[4] - Accounts receivable increased to HKD 57,540,000 as of June 30, 2024, up from HKD 53,080,000 as of December 31, 2023[19] - The net amount of accounts receivable increased to HKD 15,831,000 as of June 30, 2024, compared to HKD 11,717,000 as of December 31, 2023[19] - Total accounts payable and notes payable increased to HKD 71,310,000 as of June 30, 2024, from HKD 44,324,000 as of December 31, 2023[23] Operational Changes and Future Plans - The company plans to focus on expanding its operations in the sports and entertainment sectors within China, particularly in inflatable construction and management[5] - The company has undergone a change in its primary business location in Hong Kong, effective May 1, 2024, to enhance operational efficiency[5] - The company is actively seeking opportunities to expand its business into other Asian countries, leveraging its technological advantages and professional capabilities[27] - The company has completed projects such as air dome mushroom workshops and air dome grain warehouses, aiming to support rural revitalization and help farmers increase their income[29] Cost Management and Expenses - Research and development costs for the six months ended June 30, 2024, were HKD 2,489,000, down from HKD 3,945,000 in 2023, reflecting a decrease of 36.9%[12] - The group incurred construction contract costs of HKD 44,532,000 for the six months ended June 30, 2024, which is an increase from HKD 34,586,000 in 2023, representing a rise of 28.7%[12] - The group’s employee benefits expenses (excluding directors and key management personnel) totaled HKD 14,419,000 for the six months ended June 30, 2024, slightly down from HKD 14,811,000 in 2023, a decrease of 2.6%[12] - Sales and distribution expenses rose by 29.8% to 6.5 million HKD, accounting for approximately 11.9% of the group's revenue, driven by increased promotional efforts and sales personnel costs[35] - Administrative expenses totaled 21.2 million HKD, slightly up from 20.4 million HKD in the corresponding period, including employee benefits, R&D costs, and legal fees[36] Cash Flow and Financial Position - As of June 30, 2024, the group's net cash position was 63.1 million HKD, with cash and bank balances of 108.3 million HKD[38] - The group reported a net cash inflow from operating activities of 3.6 million HKD, a significant improvement from a cash outflow of 13.1 million HKD in the corresponding period[38] - The group’s financial and contract assets experienced a reversal of impairment for receivables amounting to HKD 1,396,000 for the six months ended June 30, 2024, compared to an impairment of HKD 1,899,000 in 2023[13] Corporate Governance and Shareholder Relations - The audit committee, consisting of three independent non-executive directors, reviewed the financial reporting procedures and internal controls during the period[56] - The company has maintained sufficient public float as required by the listing rules[57] - The board of directors includes four independent non-executive directors, ensuring adherence to good corporate governance principles[52] - The company does not recommend any interim dividend for the period, with future dividends to be determined based on business performance, capital needs, cash flow, and overall financial condition[58] - The board acknowledges the continuous trust and support from shareholders, customers, banks, and business partners[60]
北京体育文化(01803) - 2023 - 年度财报
2024-04-30 10:19
Financial Performance - The Group recorded revenue of HK$62.4 million for the year ended December 31, 2023, a decrease of 9.5% compared to HK$68.6 million in the previous year[19]. - Gross profit for the year was HK$13.1 million, down from HK$14.2 million in the previous year, reflecting a decline in profitability[19]. - The net loss for the year was HK$65.1 million, an improvement from a net loss of HK$88.3 million in the previous year, indicating a reduction in losses by approximately 26.2%[19]. - The Sports and Entertainment Business recorded revenue of HK$ 61.4 million in the current year, down from HK$ 68.3 million in the corresponding year, reflecting a decline in performance[35]. - The loss before tax for the Sports and Entertainment Business was HK$ 37.4 million, including impairment losses of HK$ 10.7 million, compared to a loss of HK$ 39.6 million in the previous year, which included impairment losses of HK$ 18.7 million[36]. - Other income decreased to HK$8.6 million from HK$12.2 million, primarily due to reduced investment returns and smaller rental concessions, a drop of HK$3.6 million[50][56]. - The Group recorded other gains of HK$4.5 million, contrasting with other losses of HK$0.5 million in the previous year, indicating a positive shift in incidental gains[51][56]. - The net loss after taxation for the current year was HK$65.1 million, a reduction of HK$23.2 million from the previous year's loss, which was significantly impacted by a one-off goodwill impairment[66][72]. - The Group's accumulated loss as of December 31, 2023, amounted to approximately HK$534.6 million, an increase from HK$472.6 million in 2022[141]. Assets and Liabilities - Total assets as of December 31, 2023, were HK$335.2 million, a decrease from HK$386.5 million in 2022[15]. - Total liabilities increased to HK$145.9 million in 2023 from HK$130.9 million in 2022, indicating a rise in financial obligations[15]. - Net assets decreased to HK$189.3 million in 2023 from HK$255.6 million in 2022, reflecting a decline in the company's equity position[15]. - The Group's net cash position as of December 31, 2023, was HK$62.9 million, a decrease from HK$78.5 million in 2022, with cash and bank balances of HK$87.0 million[89]. - The net cash outflow from operating activities for the current year was HK$3.4 million, significantly improved from HK$69.1 million in the previous year[90]. - The Group's total interest-bearing bank and other borrowings were HK$24.1 million, reduced from HK$26.7 million in 2022[89]. - The Group had bank and other borrowings of HK$24.1 million maturing within one year as of December 31, 2023, down from HK$26.7 million in 2022[152]. Business Operations - The Company is focused on the Sports and Entertainment Business, with a subsidiary, MetaSpace, leading in the construction and management of air-dome facilities in China[20]. - The air dome market in China is highly concentrated, with leading enterprises holding competitive advantages, while small and medium-sized enterprises dominate the market[21]. - The Group aims to expand its market presence and enhance its service offerings in the air dome industry, which has significant applications across various sectors[20]. - MetaSpace signed 33 new contracts totaling RMB 220 million in the current year, compared to 28 contracts worth RMB 120 million in the previous year, indicating a significant increase in contract value[34]. - MetaSpace is actively pursuing market expansion into other Asian countries and enhancing brand awareness through professional exhibitions and collaborations[27]. - The Company is committed to improving operational efficiency and exploring new business strategies to drive future growth[19]. Investment and Financial Strategy - The Group's strategy includes long-term holding of corporate bonds to earn substantial returns, with the possibility of selling some before maturity if it aligns with the company's best interests[78]. - The Group's financial assets at fair value through profit or loss included both listed and unlisted equity investments, with a focus on the pharmaceutical industry in China[87]. - Investment income from corporate bonds was HK$1.5 million, with a fair-value loss of HK$6.8 million recognized in equity and an impairment loss of HK$9.3 million in profit or loss[77]. - The overall bond market sentiment has been pessimistic, impacting the prices of the Group's held bonds negatively[78]. Liquidity and Risk Management - As of December 31, 2023, the current ratio decreased to 1.55 from 1.94 in 2022, indicating a decline in liquidity[95]. - The quick ratio also fell to 1.40 in 2023 from 1.71 in the previous year, reflecting a tighter liquidity position[95]. - The gearing ratio increased to 0.13 in 2023 compared to 0.10 in 2022, suggesting a higher level of financial leverage[95]. - The Group's credit risk is well-managed, with no significant concentrations of credit risk across a large number of counterparties and customers[99]. - Liquidity risk is minimal, as a substantial portion of financial assets and liabilities are due within one year, allowing the Group to finance operations from existing resources[106]. - The Group is exposed to foreign currency risk primarily with respect to Renminbi and United States dollar, but management considers this risk to be insignificant[108]. Employment and Corporate Governance - As of December 31, 2023, the Group employed 127 full-time employees, a decrease from 141 in 2022, reflecting a potential restructuring or efficiency drive[112]. - The Board does not recommend the payment of any final dividend for the current year, with future dividends dependent on operational results and financial conditions[114]. - The Group complied with all relevant laws and regulations during the year ended December 31, 2023, with no material breaches reported[130]. - The Group's environmental policy emphasizes sustainable development and compliance with environmental protection laws in China[122]. Share Options and Directors - As of December 31, 2023, there are 35,142,000 outstanding share options, representing approximately 2.50% of the total number of shares in issue, which is 1,408,019,000 shares[193]. - The Company may grant share options to eligible participants conferring on them the right to subscribe for a total of up to 104,659,900 shares, representing approximately 7.50% of the total number of shares in issue as of December 31, 2023[193]. - The maximum number of shares that may be issued upon exercise of all outstanding share options must not exceed 30% of the total number of ordinary shares in the capital of the Company[191]. - The Share Option Scheme allows for the issuance of options to selected eligible persons, including employees and directors, as incentives or rewards for their contributions[187]. - The maximum number of shares issued and to be issued upon exercise of share options in any 12-month period shall not exceed 1% of the shares in issue from time to time[188]. - An option granted under the Share Option Scheme is personal to the grantee and shall not be assignable or transferable[192]. - The exercise price for options is determined by the Board and must be at least the higher of the closing price on the date of the offer or the average closing price for the preceding five business days[199]. - The Company approved the termination of the existing share option scheme and the adoption of a new share option scheme on June 18, 2021[186].
北京体育文化(01803) - 2023 - 年度业绩
2024-03-26 14:44
Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 62,388,000, a decrease of 9.8% compared to HKD 68,571,000 in 2022[3] - Gross profit for the same period was HKD 13,117,000, down from HKD 14,171,000, reflecting a gross margin of approximately 21.0%[3] - The company reported a net loss of HKD 65,102,000 for 2023, compared to a net loss of HKD 88,319,000 in 2022, indicating an improvement of 26.3%[3] - The group's total revenue was HKD 62.4 million this year, a decrease of 9.0% from HKD 68.6 million last year, with a gross margin of 21.0%[68] - The net loss for the year was HKD 65.1 million, a reduction of HKD 23.2 million compared to last year, mainly due to a significant one-time goodwill impairment last year[78] Assets and Liabilities - Total assets decreased to HKD 335,205,000 in 2023 from HKD 386,524,000 in 2022, representing a decline of 13.3%[5] - Current liabilities increased to HKD 141,525,000 in 2023 from HKD 122,201,000 in 2022, representing a growth of 15.9%[7] - Total assets minus current liabilities decreased to HKD 193,680,000 in 2023 from HKD 264,323,000 in 2022, a decline of 26.7%[7] - Non-current liabilities decreased significantly to HKD 4,366,000 in 2023 from HKD 8,716,000 in 2022, a reduction of 50%[7] - Total equity dropped to HKD 189,314,000 in 2023 from HKD 255,607,000 in 2022, reflecting a decrease of 26%[7] Cash Flow and Financing - Cash and bank balances were HKD 87,023,000 as of December 31, 2023, down from HKD 105,259,000 in the previous year, a decrease of 17.3%[5] - The company incurred financing costs of HKD 1,729,000, reduced from HKD 2,394,000 in 2022, showing a decrease of 27.8%[3] - The group's operating cash outflow for the year was HKD 18.3 million, significantly improved from HKD 69.1 million last year[90] - The total cash and bank balances were HKD 87.0 million, down from HKD 105.3 million in 2022[90] Revenue Sources - Revenue from membrane construction services was HKD 60,836,000 in 2023, down from HKD 67,794,000 in 2022, indicating a decline of approximately 10.8%[29] - Revenue from other Asian countries was HKD 0 in 2023, down from HKD 7,357,000 in 2022, indicating a complete loss of this revenue stream[24] - Major customers contributed significantly to the group's revenue, with Customer A generating HKD 8,034,000, Customer B HKD 7,428,000, and Customer C HKD 6,558,000 in 2023[26] Strategic Focus - The company plans to focus on market expansion and new product development in the upcoming year[3] - The company aims to enhance operational efficiency and reduce costs in response to the challenging market conditions[3] - The company aims to integrate sustainable development concepts into all aspects of its operations, including R&D and manufacturing[60] - The company is actively seeking opportunities to expand its business into other Asian countries[60] Governance and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[11] - The board does not recommend any final dividend for the year, with future dividends to be determined based on various financial factors[103] - The company has complied with all corporate governance codes except for the separation of the roles of Chairman and CEO, which are held by the same individual, Liu Xueheng, as of December 31, 2023[105] - The Audit Committee, consisting of three independent non-executive directors, has reviewed and approved the consolidated financial statements for the year ending December 31, 2023[106] Other Financial Metrics - The total tax expense for the year amounted to HKD 4,194,000, compared to a tax credit of HKD 682,000 in 2022[41] - The estimated taxable profit in Hong Kong is subject to a tax rate of 16.5%, with the first HKD 2,000,000 taxed at a reduced rate of 8.25%[37] - The current ratio decreased to 1.55 in 2023 from 1.94 in 2022, indicating a decline in liquidity[91] - The quick ratio also decreased to 1.40 in 2023 from 1.71 in 2022, reflecting a tighter liquidity position[91]
北京体育文化(01803) - 2022 - 年度财报
2023-04-26 08:53
Financial Performance - The Group recorded a revenue of HK$68.6 million for the year ended December 31, 2022, a decrease of 68.7% compared to HK$218.7 million in the previous year[16]. - Gross profit for the year was HK$14.2 million, down from HK$56.7 million in the previous year, reflecting a gross margin decline[16]. - The net loss for the year was HK$88.3 million, compared to a net loss of HK$41.6 million in the previous year, indicating a worsening financial performance[16]. - The Group's sports and entertainment business recorded revenue of HK$68.3 million in the Current Year, a significant decrease of approximately 69% from HK$218.7 million in the Corresponding Year[23][36]. - Gross profit dropped to approximately HK$14.2 million, with a gross profit margin of 20.7%, down from HK$56.7 million and 25.9% respectively in the Corresponding Year[36][40]. - The loss before tax was HK$39.6 million, compared to a net loss of HK$1.1 million in the Corresponding Year, with a one-off non-cash impairment loss on goodwill of HK$29.1 million[24][26]. - The Group recorded a net loss of HK$88.3 million in the Current Year, an increase from HK$41.6 million in the Corresponding Year, primarily due to a significant decrease in revenue and gross profit contribution from the sports and entertainment business by approximately HK$150 million and more than HK$42.5 million respectively[54][56]. Assets and Liabilities - Total assets decreased to HK$386.5 million as of December 31, 2022, down from HK$557.6 million in 2021, representing a decline of 30.7%[14]. - Total liabilities were HK$130.9 million, reduced from HK$194.9 million in the previous year, showing a decrease of 32.9%[14]. - Net assets stood at HK$255.6 million, down from HK$362.7 million in 2021, reflecting a decrease of 29.5%[14]. - The Group's interest-bearing borrowings were approximately HK$26.7 million as of December 31, 2022, down from HK$39.3 million as of December 31, 2021[72]. - The gearing ratio was 6.9% as of December 31, 2022, slightly down from 7.1% as of December 31, 2021[72]. - The current assets were approximately HK$237.3 million as of December 31, 2022, compared to approximately HK$349.8 million as of December 31, 2021[73]. - The current ratio was 1.94 as of December 31, 2022, down from 2.02 as of December 31, 2021[73]. Business Strategy and Outlook - The Company aims to leverage its position as a leading integrated service provider of air dome facilities in China to meet the growing demand for indoor sports facilities[17]. - Future strategies may include market expansion and the development of new technologies related to air dome facilities[17]. - The Group is optimistic about business volume improvement next year due to secured reserve contracts and potential contracts in the pipeline[25][27]. - The Group is focusing on optimizing its business model and strengthening risk management, particularly regarding trade receivables[25][29]. Subsidiaries and New Ventures - The Group established a new 51%-owned subsidiary in the PRC for manufacturing and selling white pigment powder, with a registered capital of RMB10 million[30][33]. - The Group's subsidiary, MetaSpace (Beijing) Air Dome Corp, is positioned to capitalize on the increasing popularity of eco-friendly and cost-effective sports facilities[17]. Income and Expenses - Other income and gains increased to HK$11.7 million from HK$3.1 million in the Corresponding Year, primarily due to a decrease in fair value loss on unlisted equity investments[37][41]. - Selling expenses decreased by HK$2.3 million or 22.5%, mainly due to reduced payroll costs from decreased revenue[38][42]. - Administrative expenses remained stable at approximately HK$44 million across both years, with specific costs such as wages at HK$21.2 million and professional fees at HK$5.7 million in the Current Year[43]. - The Group recorded a net cash outflow from operating activities of approximately HK$(69.1) million for the current year, compared to an inflow of approximately HK$21.7 million in the corresponding year[71]. Impairment and Losses - Impairment loss on goodwill related to the sports and entertainment business was approximately HK$29.1 million in the Current Year, whereas no such item was recognized in the Corresponding Year[56]. - Impairment losses on financial and contract assets included expected credit loss of trade receivables and contract assets of HK$18.7 million, down from HK$21.6 million in the Corresponding Year, and expected credit loss on debt investments of HK$6.4 million, down from HK$16.4 million[45][49]. - Other expenses included an impairment loss on property, plant, and equipment of HK$3.5 million, direct operating expenses of a leasing air dome stadium of HK$1.8 million, and an impairment loss on right-of-use assets of HK$1.1 million[46][50]. Share Capital and Options - As of December 31, 2022, there are 35,142,000 outstanding share options, representing approximately 2.50% of the total number of Shares in issue, which is 1,408,019,000[185]. - The Company may grant share options to eligible participants conferring on them the right to subscribe for a total of up to 104,659,900 shares, representing approximately 7.50% of the total number of Shares in issue as of December 31, 2022[185]. - The maximum number of shares that may be issued upon exercise of all share options must not exceed 30% of the total number of ordinary shares in the capital of the Company[183]. - The New Share Option Scheme will expire on June 17, 2031, unless terminated earlier by a general meeting[191]. - The exercise price for share options must be at least the higher of the closing price on the date of the offer or the average closing price for the five business days preceding the date of grant[190]. Compliance and Governance - The Group complied with all relevant laws and regulations in the PRC and Hong Kong that significantly impact the Group during the year ended December 31, 2022[118]. - The company has confirmed the independence of all independent non-executive directors as per the Listing Rules[151]. - No significant transactions or contracts involving directors were reported during the year ended December 31, 2022[159]. - The directors' remuneration policy is subject to shareholders' approval, with other emoluments determined by the Board based on performance and recommendations from the remuneration committee[157]. Employee and Shareholder Information - The Group has a total of 141 full-time employees as of December 31, 2022, an increase from 132 employees in the previous year[99]. - The Board does not recommend the payment of any final dividend for the current year, with future dividends dependent on the Group's operational results and financial conditions[101]. - The Group's accumulated loss as of December 31, 2022, amounted to approximately HK$472.5 million, an increase from approximately HK$395.5 million in 2021[128]. - Sales to the Group's five largest customers accounted for 69.5% of total sales for the year, with the largest customer contributing 21.9%[129].
北京体育文化(01803) - 2022 - 年度业绩
2023-03-23 13:30
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的內容概不 負責,對其準確性或完整性亦不發表任何聲明,並明確表示概不會對因本公告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 (於開曼群島註冊成立的有限公司) (股份代號:1803) 2022年 年 度 業 績 公 告 北京體育文化產業集團有限公司(「本公司」)董事會(「董事會」及「董事」)宣佈本 公司及其附屬公司(統稱「本集團」)截至2022年12月31日止年度(「本年度」)的綜 合年度業績,連同去年同期之比較數字如下: 綜合損益及其他全面收益表 截至2022年12月31日止年度 2022年 2021年 附註 千港元 千港元 收益 4 68,571 218,721 銷售成本及建造服務成本 (54,400) (162,020) ...
北京体育文化(01803) - 2022 - 中期财报
2022-09-15 08:57
Financial Performance - The Group recorded revenue of HK$23.5 million for the six-month period ended 30 June 2022, a decrease of 73.5% compared to HK$88.9 million in the corresponding period of 2021[9]. - Gross profit for the Current Period was HK$3.0 million, down from HK$16.2 million in the corresponding period, resulting in a gross profit margin decline from 18.2% to 12.8%[9]. - The sports and entertainment business generated revenue of HK$23.2 million from air dome construction services, a significant drop from HK$73.5 million in the corresponding period[9]. - Revenue from related consultation and management services was HK$0.3 million, compared to HK$15.4 million in the corresponding period, indicating a substantial decrease[9]. - The decline in revenue was primarily due to the reduction in new construction projects and delays caused by the resurgence of Covid-19 in various provinces of the PRC[9]. - The net loss for the Current Period was HK$24.9 million, compared to a net loss of HK$1.1 million in the corresponding period[9]. - Other income and gains or losses decreased to approximately HK$5.9 million from HK$9.6 million in the corresponding period, primarily due to a HK$4.1 million decrease in foreign exchange gains[23]. - Selling expenses decreased by 23.0% to approximately HK$4.0 million, accounting for 17.0% of the Group's revenue in the current period[24]. - Administrative expenses increased by approximately 15.5% to HK$22.3 million, driven by a HK$1.8 million increase in research and development costs[25]. - The Group recorded a loss attributable to owners of the Company of HK$17.1 million, compared to a loss of approximately HK$1.2 million in the corresponding period[32]. - Basic loss per share was approximately HK$1.21 cents, compared to HK$0.08 cents in the corresponding period[32]. Cash Flow and Liquidity - As of June 30, 2022, the Group had cash and bank balances of approximately HK$77.6 million, down from HK$79.7 million as of December 31, 2021[35]. - The net cash outflow from operating activities for the current period was approximately HK$37.9 million, compared to an inflow of approximately HK$12.9 million in the corresponding period[35]. - The Group's interest-bearing borrowings were approximately HK$32.1 million as of June 30, 2022, down from HK$39.3 million as of December 31, 2021, with a gearing ratio of 6.8%[38]. - Current assets were approximately HK$282.9 million and current liabilities were approximately HK$126.1 million, resulting in a current ratio of 2.24 as of June 30, 2022, compared to 2.02 as of December 31, 2021[40]. - The fair value loss on debt investments recognized in the statement of other comprehensive income amounted to HK$3.8 million, compared to HK$0.1 million in the corresponding period, indicating credit deterioration[42]. Investments and Assets - The Group's total assets as of June 30, 2022, were impacted by the fair value changes of corporate bonds, with specific issuers showing significant impairments[46]. - The investment return from wealth management products recognized in the profit or loss statement amounted to approximately HK$1.5 million, a significant increase from HK$0.1 million in the corresponding period[51]. - The fair value of wealth management products as of June 30, 2022, was RMB 6,001,000, representing 1.48% of the Group's total assets[53]. - The yield on the wealth management product from China Minsheng Bank was 4.53%, with an investment cost of RMB 7,000,000[55]. - The total investment cost for various wealth management products amounted to RMB 18,753,000, with a fair value change of (4,590) thousand HKD recognized over six months[48]. - The investment cost for the wealth management product from China Merchants Bank was RMB 4,000,000, yielding 3.40%[55]. Corporate Governance - The Board includes four independent non-executive Directors out of a total of eight Directors, ensuring good corporate governance practices[71]. - The Company has complied with all provisions of the Corporate Governance Code throughout the Current Period, with one noted deviation regarding the roles of the chairman and chief executive[71]. - The Company has adopted the Model Code for Securities Transactions by Directors, confirming compliance by all Directors throughout the Current Period[74]. - The company confirms that all directors have complied with the trading standards set out in the standard code during the reporting period[77]. - The company is committed to adhering to the corporate governance standards as outlined in the relevant regulations[96]. Employee and Staff Information - As of June 30, 2022, the Group had 144 full-time employees, an increase from 132 employees as of December 31, 2021[63]. - Staff costs for the Current Period were approximately HK$10.8 million, down from approximately HK$12.9 million in the corresponding period[65]. Share Capital and Options - The maximum number of Shares that may be issued upon exercise of all share options under the Share Option Scheme must not exceed 10% of the Shares in issue on the date of approving the Share Option Scheme[102]. - The total number of ordinary shares that may be issued upon exercise of all outstanding share options must not exceed 30% of the total number of ordinary shares in the capital of the Company in issue from time to time[102]. - As of June 30, 2022, there are 36,732,000 outstanding share options, representing approximately 2.61% of the total number of shares in issue[104]. - The company may grant share options to eligible participants conferring on them the right to subscribe for a total of up to 140,801,900 shares, which represents approximately 12.61% of the total number of shares in issue as of June 30, 2022[104]. - No share options were exercised during the current period, and the total number of share options remains unchanged[107]. Operational Challenges - The Group's strategy is to hold corporate bonds for long-term purposes to earn attractive yields, but it does not preclude the possibility of disposing of some bonds before maturity if it serves the best interest of the company[45]. - The company is focusing on expanding its market presence and enhancing its product offerings through strategic acquisitions and investments[141]. - The total comprehensive loss for the period amounted to HK$35,426,000, compared to a loss of HK$1,602,000 in the same period of 2021, marking an increase in total losses[125]. - The company reported a loss before tax of HK$24,392,000 for the six-month period ended June 30, 2022, compared to a loss of HK$779,000 in the same period of 2021[140].