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HM INTL HLDGS(08416) - 2023 - 年度业绩
2024-03-15 13:44
Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 178,624,000, a decrease of 6.8% compared to HKD 190,286,000 in 2022[5] - Gross profit for the same period was HKD 62,757,000, down from HKD 68,537,000, reflecting a gross margin of 35.1%[5] - The net profit for the year was HKD 6,484,000, a decline of 9.2% from HKD 7,138,000 in the previous year[7] - Basic earnings per share decreased to HKD 1.56 from HKD 1.78, representing a drop of 12.3%[7] - The company reported a total comprehensive income of HKD 6,152,000, down from HKD 7,002,000, a decrease of 12.1%[7] - The net profit attributable to the company's owners decreased from approximately HKD 7.1 million in 2022 to approximately HKD 6.5 million in 2023, resulting in a net profit margin of approximately 3.6%[48] - Basic earnings per share decreased from HKD 1.78 in 2022 to HKD 1.56 in 2023, while diluted earnings per share also fell from HKD 1.78 to HKD 1.52[31] Assets and Liabilities - Total assets increased to HKD 141,149,000 from HKD 133,196,000, marking a growth of 5.9%[8] - The company’s non-current assets decreased to HKD 11,596,000 from HKD 32,442,000, a decline of 64.3%[8] - The company's current assets increased to approximately HKD 129.6 million in 2023 from approximately HKD 100.8 million in 2022, while current liabilities rose to approximately HKD 50.6 million[49] - Trade receivables decreased from HKD 33.4 million in 2022 to HKD 26.9 million in 2023, with a provision for impairment losses of HKD 681,000[32] Cash Flow and Financing - Cash and bank balances rose significantly to HKD 90,576,000, up from HKD 58,585,000, indicating a 54.6% increase[8] - The company's financing costs decreased slightly from approximately HKD 696,000 in 2022 to approximately HKD 695,000 in 2023[45] - As of December 31, 2023, the group had no assets pledged to secure general bank financing, compared to HKD 1.5 million in 2022[79] Employee and Operational Costs - The group recognized a total employee benefit expense of HKD 71,110,000 in 2023, an increase of 1.9% from HKD 69,777,000 in 2022[28] - The total employee cost for the reporting period was approximately HKD 71.1 million, an increase from HKD 69.8 million in 2022[54] - The company employed 130 staff in Hong Kong, down from 142 in 2022, while increasing staff in China from 8 to 9, Taiwan from 10 to 18, and maintaining 13 in Singapore[54] Dividends and Shareholder Returns - The group proposed a final dividend of HKD 0.02 per share for the reporting period, up from HKD 0.015 per share in 2022[29] - The board proposed a final dividend of HKD 0.02 per share for the reporting period, an increase from HKD 0.015 per share in 2022[103] - The annual general meeting is scheduled for May 9, 2024, to approve the proposed final dividend[104] Strategic Plans and Market Focus - The company plans to continue focusing on integrated printing services and exploring new market opportunities[11] - The company plans to strengthen its core competitiveness and explore new business opportunities in response to economic uncertainties[38] - The company plans to maintain its focus on business expansion and strategic partnerships to enhance its market position[75] - The company plans to continue exploring selective acquisitions and partnership opportunities to enhance revenue and shareholder returns[50] Acquisitions and Investments - The company acquired a 51% stake in into23 Limited in May 2023, integrating AI support technology and a large domestic translation partner network[37] - The company acquired 51% of into23 Limited for HKD 6,375,000, enhancing its revenue sources and customer base[90] - The acquisition of the target company aligns with the group's future development strategy and is expected to strengthen its core financial printing business[92] Corporate Governance and Compliance - The company has complied with all applicable laws and regulations during the reporting period[85] - The company has adopted the corporate governance code and has complied with all applicable provisions during the reporting period[84] - The board confirmed that all directors adhered to the trading standards set forth in the GEM listing rules during the reporting period[87] Share Incentive Plans - The company adopted a share award plan on July 4, 2022, aimed at recognizing and rewarding contributions to business growth[56] - A total of 21,415,000 shares were granted to 15 qualified participants on April 1, 2023, with 17,415,000 shares awarded to 14 employees and 4,000,000 shares to an executive director[69][70] - Approximately 34% of the awarded shares will vest on March 31, 2024, and approximately 66% will vest on March 31, 2025, contingent on performance and contribution conditions[73][76] - The share incentive plan constitutes a related party transaction, requiring compliance with GEM listing rules, and was approved by independent shareholders on May 9, 2023[72] Audit and Financial Reporting - The audit committee, consisting of three independent non-executive directors, oversees financial reporting and risk management[107] - The auditor confirmed that the financial figures in the preliminary announcement align with the audited consolidated financial statements for the reporting period[108] - No significant events requiring disclosure were reported after December 31, 2023, up to the announcement date[102]
HM INTL HLDGS(08416) - 2023 Q3 - 季度财报
2023-11-13 11:01
Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 46,454,000, a decrease of 8.3% compared to HKD 50,563,000 in the same period of 2022[6] - Gross profit for the same period was HKD 20,569,000, representing an increase of 10.0% from HKD 18,677,000 year-on-year[6] - The company recorded a profit before tax of HKD 3,517,000 for the three months ended September 30, 2023, slightly down from HKD 3,614,000 in the previous year[6] - Net profit for the three months was HKD 3,881,000, an increase of 20.1% compared to HKD 3,232,000 in the same quarter of 2022[6] - For the nine months ended September 30, 2023, total revenue was HKD 144,846,000, down 4.2% from HKD 151,265,000 in the same period of 2022[6] - The company’s net profit for the nine months was HKD 12,174,000, a decrease of 32.7% compared to HKD 18,116,000 in the previous year[6] - The total comprehensive income for the three months was HKD 3,894,000, compared to HKD 3,019,000 in the same quarter of 2022, indicating an increase of 29.0%[6] - Revenue for the nine months ended September 30, 2023, decreased to approximately HKD 144.8 million, a decline of about 4.2% compared to the same period last year[28] - Gross profit for the nine months ended September 30, 2023, decreased by approximately HKD 1.8 million or 3.0% to about HKD 57.9 million, with gross margins of approximately 39.5% and 40.0% for the respective periods[32] - Net profit after tax for the nine months ended September 30, 2023, decreased to approximately HKD 12.2 million, down by about HKD 5.9 million, resulting in a net profit margin of approximately 8.4%[39] Earnings Per Share - Basic and diluted earnings per share for the three months were HKD 0.81, up from HKD 0.69 in the same period last year, reflecting a growth of 17.4%[7] - Basic and diluted earnings per share for the nine months were HKD 2.58, a decrease of 37.9% compared to HKD 4.15 for the same period in 2022[25] Expenses and Costs - Employee benefit expenses totaled HKD 55,335,000 for the nine months, an increase of 11.7% from HKD 49,512,000 in the previous year[22] - Administrative expenses increased by approximately HKD 3.4 million or 10.2% to about HKD 37.0 million, primarily due to rising employee costs[36] - Sales expenses decreased by approximately HKD 1.8 million or 16.1% to about HKD 9.2 million[35] - Financing costs increased by approximately HKD 0.1 million to about HKD 0.6 million, mainly due to increased interest on lease liabilities[37] - Other income decreased by approximately HKD 2.1 million, mainly due to the absence of government subsidies received in the previous year[33] Dividends - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the previous year[23] - The company did not recommend any dividend for the period ended September 30, 2023[42] Shareholding and Incentive Plans - HM Ultimate holds 222,760,000 shares, representing 52.86% of the total issued shares as of September 30, 2023[50] - 谢锦荣 holds 72,285,000 shares, accounting for 17.15% of the total issued shares[50] - Tricor Trust (Hong Kong) holds 21,415,000 shares, which is 5.08% of the total issued shares[50] - The share option plan adopted on December 15, 2016, allows for a maximum of 10% of the total issued shares to be granted under the plan[53] - No options were granted or exercised during the review period, and there are no unexercised options remaining under the plan[57] - The share reward plan adopted on July 4, 2022, aims to recognize and reward eligible participants for their contributions to the group's growth and development[59] - A total of 21,415,000 shares were granted to 15 eligible participants on April 1, 2023, with 17,415,000 shares awarded to 14 employees and 4,000,000 shares to an executive director[63][65] - The vesting schedule for the awarded shares includes approximately 34% vesting on March 31, 2024, and approximately 66% vesting on March 31, 2025[68][72] - The total number of shares available for grant under the incentive plan is 17,025,000 shares[71] Business Strategy and Operations - The company continues to focus on expanding its integrated printing services, including financial printing and marketing collateral printing, to enhance market presence[10] - The company plans to strengthen its core competitiveness and explore new business opportunities in response to economic uncertainties[29] - The company has established an operational business model that combines AI support technology, a vast domestic translation partner network, and specialized project management teams, allowing for unparalleled speed and accuracy in translation services[75] - The acquisition of the target company is expected to increase the group's revenue sources and customer base, aligning with the group's future development strategy and enhancing profitability[77] Corporate Governance - The company has adopted the corporate governance code and has complied with all applicable provisions during the review period[85] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial reporting processes and risk management systems during the review period[90] Major Transactions - The company sold approximately 22.85% of the issued share capital of Wordbee S.à r.l., which constitutes a major transaction under GEM listing rules, requiring compliance with disclosure and shareholder approval regulations[80] - The acquisition agreement was approved by HM Ultimate Holdings Limited, which holds approximately 52.86% of the company's issued share capital, thus avoiding the need for a shareholder meeting[80] - The company has completed the sale of its interest in Wordbee S.à r.l. on October 4, 2023, and no longer holds any equity in the company[81]
HM INTL HLDGS(08416) - 2023 Q3 - 季度业绩
2023-11-08 08:31
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,概不對因本公告全部或任何部份內容 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。 HM International Holdings Limited (於開曼群島註冊成立的有限公司) (股份代號:8416) 2023年第三季度業績公告 HM International Holdings Limited(「本公司」)董事會(「董事會」)欣然宣佈本公司及其附 屬公司截至2023年9月30日止三個月及九個月之未經審核綜合業績。本公告載列本公司 2023年第三季度報告全文,符合香港聯合交易所有限公司GEM證券上市規則有關隨附 2023年第三季度業績之初步公告資料之相關規定。本公司2023年第三季度報告之印刷本 將於適當時候寄發予本公司股東,並將於GEM網站及本公司網站可供查閱。 承董事會命 HM International Holdings Limited 主席兼執行董事 余志明 香港,2023年11月8日 於本公告日期,本公司執行董事為余志明先生、陳威廉先生及陳慧中女士;及本公司獨 立非執 ...
HM INTL HLDGS(08416) - 2023 - 年度业绩
2023-08-11 11:02
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,概不對因本公告全部或任何部份內容 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。 HM International Holdings Limited 8416 有關截至2022年12月31日止年度之年度報告的 補充公告 茲提述HM International Holdings Limited(「本公司」)於2023年3月28日刊發截至2022年12 月31日止年度之年度報告(「2022年年報」)。除另有界定者外,否則本公告所用詞彙與 2022年年報所界定者具有相同涵義。 有關股份獎勵計劃的補充資料 除2022年年報所載董事會報告「股份獎勵計劃」一節項下之披露外,董事謹此向股東及本 公司潛在投資者提供有關股份獎勵計劃的進一步資料如下: 於2022年1月1日及2022年12月31日,計劃授權項下可供授出及股份獎勵計劃項下可供發 行的股份總數分別為零及40,000,000股股份。根據股份獎勵計劃,服務供應商分項限額並 不適用,乃由於股份獎勵計劃的合資格參與者並不包括服務供應商。股份獎勵計劃 ...
HM INTL HLDGS(08416) - 2023 - 中期财报
2023-08-10 10:02
GEM之定位,乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小 型公司提供一個上市之市場。有意投資之人士應了解投資於該等公司之潛在 風險,並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣之證券可能會較於聯交 所主板買賣之證券承受較大的市場波動風險,同時無法保證在GEM買賣之證 券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責,對其準確性 或完整性亦不發表任何聲明,並明確表示,概不對因本報告全部或任何部分 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。 HM International Holdings Limited (於開曼群島註冊成立的有限公司) (股份代號:8416) 二零二三年中期報告 香港聯合交易所有限公司(「聯交所」)GEM之特色 本報告(HM International Holdings Limited(「本公司」)各董事(「董事」)願共同 及個別對此負全責)乃遵照聯交所GEM證券上市規則(「GEM上市規則」)而提 供有關本公司及其附屬公司(統稱「本集團」)的資料。各董事在作出一切合理 查詢後,確認就其所深知 ...
HM INTL HLDGS(08416) - 2023 - 中期业绩
2023-08-04 09:58
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,概不對因本公告全部或任何部份內容 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。 HM International Holdings Limited (於開曼群島註冊成立的有限公司) (股份代號:8416) 2023年中期業績公告 HM International Holdings Limited(「本公司」)董事會(「董事會」)欣然宣佈本公司及其附 屬公司截至2023年6月30日止六個月之未經審核綜合業績。本公告載列本公司2023年中 期報告全文,符合香港聯合交易所有限公司GEM證券上市規則有關隨附中期業績之初步 公告資料之相關規定。本公司2023年中期報告之印刷本將適時寄發予本公司股東,並將 於GEM網站及本公司網站可供查閱。 承董事會命 HM International Holdings Limited 主席兼執行董事 余志明 香港,2023年8月4日 於本公告日期,本公司執行董事為余志明先生、陳威廉先生及陳慧中女士;及本公司獨 立非執行董事為蔡翰霆先生、吳浩雲先生及尹智偉先生 ...
HM INTL HLDGS(08416) - 2023 Q1 - 季度财报
2023-05-12 11:11
Financial Performance - For the three months ended March 31, 2023, the group's revenue was HKD 26,850,000, a decrease of 6.7% compared to HKD 29,853,000 for the same period in 2022[4] - Gross profit for the same period was HKD 5,687,000, down 32.3% from HKD 8,390,000 year-on-year[4] - The group reported a loss before tax of HKD 7,628,000, compared to a loss of HKD 5,191,000 in the previous year, representing a 46.9% increase in losses[4] - The net loss attributable to owners of the company for the period was HKD 6,677,000, which is an increase of 44.4% from HKD 4,621,000 in the prior year[4] - Basic and diluted loss per share for the period was HKD 1.67, compared to HKD 1.16 for the same period last year[4] - The group’s total comprehensive loss for the period was HKD 7,648,000, compared to HKD 5,244,000 in the previous year, indicating a 45.8% increase in comprehensive losses[4] Expenses - Administrative expenses rose to HKD 11,374,000, up 7.2% from HKD 10,607,000 in the previous year[4] - Employee benefits expenses increased to HKD 17.53 million for the three months ended March 31, 2023, from HKD 15.50 million in the same period of 2022, reflecting a rise of approximately 13.2%[19] - Sales expenses decreased by approximately HKD 0.2 million or 7.6% to HKD 2.7 million for the three months ended March 31, 2023[31] - Administrative expenses increased by approximately HKD 0.8 million or 7.2% to HKD 11.4 million for the same period, primarily due to rising employee costs[32] - Income tax expense decreased from HKD 53,000 in 2022 to HKD 20,000 in 2023, a reduction of approximately 62.3% due to lower pre-tax profits[34] Income and Gains - Other income and gains increased significantly to HKD 944,000 from HKD 53,000, marking a substantial growth[4] Dividend Policy - The company did not recommend any dividend for the three months ended March 31, 2023, consistent with the previous year[21] - No dividend was recommended for the three months ending March 31, 2023, consistent with the same period in 2022[36] Shareholder Information - As of March 31, 2023, major shareholders HM Ultimate held 222,760,000 shares, representing approximately 55.69% of the total issued shares[41] - Directors Yu Zhiming and Chen Weilian each hold 222,760,000 shares, equating to 55.69% ownership, through HM Ultimate[38] - The company has not granted or exercised any share options during the three months ending March 31, 2023[43] Share Incentive Plan - The share incentive plan adopted on July 4, 2022, aims to reward and retain eligible participants contributing to the group's growth[44] - The share incentive plan will remain effective for ten years from the adoption date, unless terminated early[44] - The total number of shares granted under the share incentive plan cannot exceed 10% of the total issued shares of the company as of the adoption date, which is 400,000,000 shares[47] - The board has the discretion to select participants for the share incentive plan and determine the number of reward shares[45] - The company has not issued any new shares under the share incentive plan as of the reporting date[45] Corporate Governance - The company has complied with all provisions of the corporate governance code during the three months ended March 31, 2023[51] - There were no conflicts of interest or competitive business involvement by directors, management, or controlling shareholders during the three months ended March 31, 2023[52] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2023[55] Business Strategy - The company continues to focus on integrated printing services, including financial printing and marketing collateral, as part of its core business strategy[7] - The company plans to acquire a 51% stake in into23 Limited, which is expected to broaden revenue sources and expand the customer base[25] - The company has no significant market expansion or acquisition strategies disclosed in the current report[41] - The company maintains a solid recurring customer base, which is viewed as a key factor for success in the market despite revenue declines[24]
HM INTL HLDGS(08416) - 2023 Q1 - 季度业绩
2023-05-09 11:01
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,概不對因本公告全部或任何部份內容 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。 HM International Holdings Limited (於開曼群島註冊成立的有限公司) (股份代號:8416) 2023年第一季度業績公告 HM International Holdings Limited(「本公司」)董事會(「董事會」)欣然宣佈本公司及其附 屬公司截至2023年3月31日止三個月之未經審核綜合業績。本公告載列本公司2023年第 一季度報告全文,符合香港聯合交易所有限公司GEM證券上市規則有關隨附季度業績之 初步公告資料之相關規定。本公司2023年第一季度報告之印刷本將適時寄發予本公司股 東,並將於GEM網站及本公司網站可供查閱。 承董事會命 HM International Holdings Limited 主席兼執行董事 余志明 香港,2023年5月9日 於本公告日期,本公司執行董事為余志明先生、陳威廉先生及陳慧中女士;及本公司獨 ...
HM INTL HLDGS(08416) - 2022 - 年度财报
2023-03-28 10:19
Employee Costs and Remuneration - Total employee costs for the reporting period were approximately HKD 69.8 million, compared to HKD 63.9 million in 2021[17] - The company employed 142 employees in Hong Kong, 8 in China, and 10 in Taiwan as of December 31, 2022[17] - The company's remuneration policy is based on operational performance, individual employee performance, and market standards[17] - Gender ratio of employees as of December 31, 2022: 90% male to 100% female, with plans to provide more training to attract male employees in service industries[75] Corporate Governance and Board Structure - The company's board of directors consists of 3 executive directors and 3 independent non-executive directors[26] - The company's board consists of 5 male directors (83%) and 1 female director (17%), maintaining gender diversity[33] - The company has established a corporate governance framework and policies in accordance with the GEM Listing Rules Appendix 15 Corporate Governance Code[30] - The board is responsible for the company's leadership, control, and management, overseeing business strategy, performance, and major transactions[31] - The company has appointed a female director in 2021, meeting the GEM Listing Rules' gender diversity requirement effective from January 1, 2022[33] - The board chairman is responsible for overall financial and strategic planning, while the CEO focuses on business management and operational decisions[35] - The board includes at least three independent non-executive directors, with one having appropriate professional qualifications or accounting/financial management expertise[36] - Directors are appointed for fixed terms, with executive directors having initial three-year service contracts and independent non-executive directors having initial three-year appointments[37] - One-third of directors will retire by rotation at each annual general meeting, with retiring directors eligible for re-election[39] - Directors receive formal induction upon appointment and ongoing professional development to stay updated on regulatory and business changes[40] - All directors have complied with the continuous professional training requirements as per the Corporate Governance Code, with details provided in the training records[42] - Attendance records for board and committee meetings show full attendance by all directors during the reporting period[43] - The Chairman and independent non-executive directors held one meeting without the presence of executive directors during the reporting period[45] Audit and Financial Reporting - The company's audit committee reviewed the group's accounting principles, internal controls, and financial reporting matters[24] - The company's auditor, KPMG, will retire at the upcoming annual general meeting and is eligible for re-appointment[28] - The Audit Committee reviewed the consolidated financial statements for the periods ending December 31, 2021, March 31, 2022, June 30, 2022, and September 30, 2022[53] - The Audit Committee met with the external auditor once without the presence of executive directors during the reporting period[57] - The company's external auditors have provided a statement regarding their responsibility for the consolidated financial statements, as detailed in the "Independent Auditor's Report" section of the annual report[73] - There are no disagreements between the Board of Directors and the Audit Committee regarding the selection, appointment, resignation, or dismissal of external auditors[74] - The independent auditor's report confirms that the consolidated financial statements for 2022 were prepared in accordance with Hong Kong Financial Reporting Standards and present a true and fair view of the company's financial position[92] - The company's directors are responsible for ensuring the financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and the Hong Kong Companies Ordinance[101] - The company's audit committee assists the board in overseeing the financial reporting process[102] - The company's auditors conducted procedures to assess the accuracy of cost data and the reasonableness of judgments and estimates related to budgeted costs and expected gross margins[97] - The company's auditors reviewed the accuracy of the aging analysis of trade receivables as of December 31, 2022, by comparing relevant invoices and supporting documents[98] - The company's auditors evaluated the appropriateness of the accounting policies and the reasonableness of accounting estimates and related disclosures made by the directors[105] - The company's auditors assessed the overall presentation, structure, and content of the financial statements, including disclosures, to ensure they fairly reflect the transactions and events[107] Risk Management and Internal Controls - The company's risk management and internal control systems are designed to manage risks in accordance with the COSO Integrated Framework 2013 principles, ensuring effective monitoring across different business units[67][69] - The company has established a risk management policy to identify, assess, and manage major risks affecting the business[68] - The company conducts quarterly risk assessments at the departmental level, with management overseeing risk management and internal control activities to ensure proper management of identified risks[70] - The Board of Directors is responsible for reviewing and confirming the effectiveness and adequacy of the company's risk management and internal control systems[70] - The company has adopted a disclosure policy to handle confidential information, monitor information disclosure, and respond to inquiries, with strict procedures to prevent unauthorized access and use of insider information[69] - The company's internal control consultant has evaluated the internal control systems, including reviewing operational processes and policies, to provide assessment conclusions and improvement recommendations to the Audit Committee[69] Financial Performance and Key Metrics - Revenue for 2022 increased to 190,286 thousand HKD, up from 172,804 thousand HKD in 2021, representing a growth of approximately 10.1%[131] - Gross profit for 2022 was 68,537 thousand HKD, compared to 63,862 thousand HKD in 2021, reflecting a 7.3% increase[131] - Net profit for 2022 rose to 7,138 thousand HKD, up from 3,920 thousand HKD in 2021, marking an 82.1% increase[131] - Earnings per share (basic and diluted) for 2022 were 1.78 HKD, compared to 0.97 HKD in 2021[131] - Total assets increased to 133,196 thousand HKD in 2022 from 127,399 thousand HKD in 2021, reflecting growth in both non-current and current assets[132] - Net profit attributable to the company's owners rose to 7,103 thousand HKD in 2022, up from 3,884 thousand HKD in 2021, indicating a significant improvement in profitability[134] - Cash and bank balances remained stable at 58,585 thousand HKD in 2022 compared to 58,935 thousand HKD in 2021, showing consistent liquidity[132] - The company's equity value increased to 89,248 thousand HKD in 2022 from 85,246 thousand HKD in 2021, driven by higher retained earnings[133] - Operating cash flow from business activities decreased to 17,379 thousand HKD in 2022 from 20,634 thousand HKD in 2021, reflecting changes in working capital[136] - The company paid dividends of 3,000 thousand HKD in 2022, compared to no dividends paid in 2021[134] - Lease liabilities increased significantly to 15,256 thousand HKD in 2022 from 6,940 thousand HKD in 2021, indicating higher commitments under lease agreements[132] - Intangible assets decreased to 4,933 thousand HKD in 2022 from 7,275 thousand HKD in 2021, reflecting amortization and potential impairments[132] - The company raised new bank loans of 2,617 thousand HKD in 2022, compared to no new loans in 2021, to support its financing activities[138] - Net cash used in financing activities increased to 15,497 thousand HKD in 2022 from 13,415 thousand HKD in 2021, primarily due to higher lease liability repayments[138] Shareholder and Investor Relations - The company has established a website (www.hetermedia.com) as a communication platform for shareholders and investors, providing updates on business development and operations[80] - Shareholders can request an extraordinary general meeting (EGM) by submitting a written request, and the EGM must be held within two months of the request[86] - The company has adopted a dividend policy, but there is no predetermined payout ratio, with dividends subject to approval by shareholders[90] - The company maintained sufficient public float in accordance with GEM Listing Rules[116] Revenue and Customer Concentration - Revenue from comprehensive printing services for the year ended December 31, 2022, was approximately HKD 190,286,000[96] - The company's revenue recognition is based on the percentage of completion method, measured by the value of work performed to date as a proportion of the total transaction price[97] - The top five customers accounted for approximately 24.7% of the company's total revenue in 2022, up from 21.0% in 2021[122] - The largest customer contributed approximately 13.9% of the company's total revenue in 2022, compared to 8.0% in 2021[122] Supplier and Procurement Information - The top five suppliers accounted for 36.8% of the company's total purchases in 2022, down from 42.2% in 2021[122] - The largest supplier accounted for 9.5% of the company's total purchases in 2022, down from 12.2% in 2021[122] Share Options and Awards - The company plans to issue 40,000,000 shares under the share option plan, representing 10% of the total issued shares as of the report date[141] - The share option plan allows each participant to receive no more than 1% of the total issued shares within any 12-month period[141] - As of December 31, 2022, the total number of unexercised share options was 900,000, with 75,000 options expiring during the year[143] - The company adopted a share award plan on July 4, 2022, which will remain effective for ten years, with the total number of shares granted not exceeding 10% of the issued shares as of the adoption date[145][147] - The maximum number of shares that can be granted to any selected participant under the share award plan is 1% of the issued share capital as of the adoption date, which was 400,000,000 shares[147] Ownership and Shareholding Structure - As of December 31, 2022, Yu Zhiming and Chen William jointly held 222,760,000 shares, representing 55.69% of the company's issued shares[55] - Yu Zhiming holds a 70.2% beneficial interest in HM Ultimate Holdings Limited, while Chen William holds a 29.8% interest[56] - HM Ultimate holds 222,760,000 shares, representing 55.69% of the company's shares, with Yu and Chen jointly controlling all shares held by HM Ultimate[150] Legal and Compliance - No significant contracts or arrangements involving directors' interests were entered into during the reporting period[10] - The company's controlling shareholders confirmed compliance with non-compete commitments during the reporting period[13] - No shares were pledged by controlling shareholders during the reporting period[14] - No significant events requiring disclosure occurred between December 31, 2022, and the date of the annual report[27] - No employees were found to have violated the written guidelines for trading the company's securities during the reporting period[47] - The company has implemented an anti-bribery and corruption policy, along with a whistleblowing system to ensure high standards of professional conduct[83] Accounting Policies and Financial Reporting Standards - The company was incorporated in the Cayman Islands on January 13, 2016, and its shares were initially listed on the GEM of the Hong Kong Stock Exchange[153] - The company's functional currency is Hong Kong dollars (HKD), and all values are rounded to the nearest thousand HKD unless otherwise stated[153] - The company applied several amendments to Hong Kong Financial Reporting Standards (HKFRS) effective from January 1, 2022, which did not have a significant impact on the financial statements[154] - The company has not early adopted certain new and amended HKFRS that have been issued but are not yet effective, with no expected significant impact on future financial statements[156] - The consolidated financial statements are prepared on a historical cost basis, except for certain financial instruments measured at fair value[159] - Fair value measurements are categorized into Level 1, Level 2, and Level 3 based on the observability of inputs[160] - The company consolidates entities it controls, and control is reassessed if there are changes in the factors indicating control[162] - Control is determined based on the ability to exercise power over an investee, exposure to variable returns, and the ability to influence those returns through power[163] - The company considers various factors when assessing control, including the size and dispersion of voting rights, potential voting rights, and contractual arrangements[164] - Subsidiaries' financial statements are adjusted to align with the group's accounting policies, and all intra-group transactions are fully eliminated in consolidation[166] - Non-controlling interests in subsidiaries are presented separately from the group's equity, representing the proportionate share of net assets in liquidation[166] - Business combinations are accounted for using the acquisition method, with consideration transferred measured at fair value[167] - Goodwill is measured as the excess of the sum of consideration transferred, non-controlling interests, and previously held equity interests over the net identifiable assets acquired[170] - Contingent consideration in business combinations is measured at fair value at the acquisition date and included as part of the consideration transferred[172] - If a business combination is achieved in stages, previously held equity interests are remeasured to fair value at the acquisition date, with any gain or loss recognized in profit or loss or other comprehensive income[173] - Investments in associates and joint ventures are accounted for using the equity method, with any excess of cost over the fair value of identifiable net assets recognized as goodwill[174] - Goodwill is allocated to cash-generating units and tested for impairment annually or more frequently if there are indications of impairment[176] - Impairment losses are first allocated to reduce the carrying amount of goodwill, and then to other assets in the cash-generating unit on a pro-rata basis[176] - The company recognizes revenue when control of goods or services is transferred to the customer, based on the progress of fulfilling performance obligations[185][188][191] - Revenue from comprehensive printing services, including financial printing and marketing-related product printing, is recognized over time using the input method[193] - Contract assets arise when the company has a right to consideration that is not yet unconditional, while contract liabilities arise when the company has an obligation to transfer goods or services after receiving consideration[188][189] - The company uses the equity method to account for investments in associates and joint ventures, recognizing its share of profits, losses, and other comprehensive income[179][181] - When the company disposes of an associate or joint venture, any difference between the carrying amount and the fair value of retained interests is recognized in profit or loss[183] - Goodwill is allocated to cash-generating units and is considered in determining the gain or loss on disposal of a cash-generating unit[177] - A lease is defined as a contract that conveys the right to control the use of an identified asset for a period of time in exchange for consideration[194] - The company assesses whether a contract contains a lease based on the definition in HKFRS 16 at the inception, modification, or acquisition date[194] - The company ceases to recognize its share of further losses in an associate or joint venture when its share of losses exceeds its interest in the entity[181] - The company reclassifies gains or losses previously recognized in other comprehensive income to profit or loss upon disposal of an associate or joint venture[183] - The company allocates contract consideration to lease and non-lease components based on their relative standalone prices[195] - Short-term leases with a duration of 12 months or less and low-value asset leases are exempt from recognition requirements[196] - Lease payments for short-term and low-value asset leases are recognized as expenses on a straight-line or systematic basis over the lease term[196] - Right-of-use assets are measured at cost less accumulated depreciation and impairment losses, adjusted for any remeasurement of lease liabilities[199] - Right-of-use assets are depreciated over the shorter of their useful life or lease term, unless ownership is reasonably certain at lease end[199] - Right-of-use assets are presented as a separate line item in the consolidated financial position statement[200] Charitable Contributions - Charitable donations in 2022 totaled approximately 62,000 HKD, up from 53,000 HKD in 2020[117] Auditor Fees - Total fees paid to external auditor for audit services: HKD 800,000, and for non-audit services: HKD 150,000, totaling HKD 950,000[77] Credit and Receivables Management - The company assessed the recoverability of trade receivables by reviewing credit history, settlement records, and aging analysis of individual customers[98] - The company evaluated the expected credit losses for trade receivables and contract assets, considering the potential impact of COVID-19 on historical and forward-looking data[98]
HM INTL HLDGS(08416) - 2022 - 年度业绩
2023-03-17 11:53
HM International Holdings Limited (於開曼群島註冊成立的有限公司) (股份代號:8416) 截至2022年12月31日止年度 年度業績公告 香港聯合交易所有限公司(「聯交所」)GEM之特色 GEM之定位,乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供 一個上市之市場。有意投資之人士應了解投資於該等公司之潛在風險,並應經過審慎周 詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣之證券可能會較於聯交所主板買賣 之證券承受較大的市場波動風險,同時無法保證在GEM買賣之證券會有高流通量的市 場。 香港交易及結算所有限公司及聯交所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,概不對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。 本公告(HM International Holdings Limited(「本公司」)各董事(「董事」)願共同及個別對此 負全責)乃遵照聯交所GEM證券上市規則(「GEM上市規則」)的規定而刊載,旨在提供有 關本公司及其附屬公司(統稱「本集團」)的資料。 ...