Financial Performance - The group's revenue for the year ended December 31, 2023, was HKD 1,449,340, a decrease of 9.5% compared to HKD 1,601,433 in 2022[9] - The group reported a loss before tax of HKD 112,614, compared to a profit of HKD 21,670 in the previous year[9] - The net loss for the year was HKD 72,431, compared to a profit of HKD 15,814 in 2022[9] - Total revenue for the year ended December 31, 2023, was 20,846,000 HKD, a decrease from 23,204,000 HKD in 2022, reflecting a decline of approximately 10.2%[22] - Interest income decreased to 8,370,000 HKD in 2023 from 12,300,000 HKD in 2022, representing a decline of about 32.4%[22] - The company reported a net loss for the year due to reduced sales orders and increased operational costs, leading to a significant drop in profitability[35] - The company reported a loss attributable to owners of HKD 72,431,000 for 2023, compared to a profit of HKD 15,814,000 in 2022[60] - Basic loss per share for 2023 was HKD 0.1147, down from earnings of HKD 0.0250 per share in 2022[60] - The company recorded a loss of HKD 72,431,000 for the year ended December 31, 2023, compared to a profit of HKD 15,814,000 in 2022[84] Assets and Liabilities - Non-current assets decreased from HKD 1,007,409 in 2022 to HKD 956,539 in 2023[11] - Current assets decreased from HKD 1,294,068 in 2022 to HKD 1,136,446 in 2023[11] - The group’s inventory decreased from HKD 606,924 in 2022 to HKD 530,511 in 2023[11] - Trade and other receivables increased from HKD 150,501 in 2022 to HKD 177,177 in 2023[11] - The net asset value decreased to 1,798,762,000 HKD in 2023 from 1,986,581,000 HKD in 2022, a decline of about 9.4%[38] - The total liabilities decreased from 229,109,000 HKD in 2022 to 214,624,000 HKD in 2023, a reduction of approximately 6.3%[32] Dividends - The board declared a final dividend of 0.05 HKD per share for 2023, down from 0.06 HKD per share in 2022, totaling 31,584,000 HKD compared to 37,901,000 HKD in the previous year[28] - The company declared an interim dividend of HKD 0.05 per share for 2023, down from HKD 0.06 per share in 2022[54] - The proposed final dividend for the year ended December 31, 2023, is HKD 0.05 per share, down from HKD 0.06 per share in 2022[90] Government Support - The company recognized government subsidies related to COVID-19 support amounting to 3,188,000 HKD in 2022, with no such subsidies reported for 2023[22] - The company recognized government grants of HKD 4,429,000 in 2023, compared to HKD 352,000 in 2022[49] Market Outlook - The company anticipates continued challenges in the market due to weak consumer confidence and geopolitical tensions affecting global economic recovery[35] - The company anticipates a slow recovery in the domestic market due to external economic pressures and changing post-pandemic consumer behaviors[61] - The company anticipates a significant decline in export orders to Europe and the US due to ongoing trade tensions and economic slowdowns[87] Operational Strategy - The company plans to optimize its production structure and continue developing high-quality, high-tech production capabilities[68] - The company aims to control raw material and operating cost fluctuations to reduce operational risks and increase product profitability[88] - The company plans to strengthen its sales team and management to further expand into the domestic market and other overseas markets[87] Employee Information - The company employed approximately 2,900 employees as of December 31, 2023, with a competitive compensation system in place[86] Financial Reporting Standards - The group has not early adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[7]
龙记集团(00255) - 2023 - 年度业绩