Financial Highlights A concise overview of the company's key financial performance and position for the fiscal year Key Financial Data for FY2023 | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Revenue and Other Income (Million HKD) | 613 | (586) | | Loss Attributable to Equity Holders of the Company (Million HKD) | (1,470) | (2,984) | | Basic Loss Per Share (HKD) | (0.54) | (1.09) | | Total Assets (Million HKD) | 18,211 | 24,662 | | Equity Attributable to Equity Holders of the Company (Million HKD) | 1,797 | 2,677 | | Net Asset Value Per Share Attributable to Equity Holders of the Company (HKD) | 0.66 | 0.98 | Revenue and Other Income by Segment for FY2023 | Segment | 2023 (Million HKD) | 2022 (Million HKD) | | :--- | :--- | :--- | | Brokerage | 95 | 122 | | Corporate Finance and Underwriting | 25 | 59 | | Asset Management and Advisory | 82 | (420) | | Margin Financing | 109 | 102 | | Investment and Lending | 11 | (676) | | Others | 291 | 227 | Financial Summary A five-year summary of the company's key financial performance, assets, and liabilities Five-Year Performance Summary (For the year ended December 31) | Metric (Thousand HKD) | 2019 | 2020 | 2021 | 2022 | 2023 | | :--- | :--- | :--- | :--- | :--- | :--- | | Revenue and Other Income | 1,570,242 | 2,194,795 | 1,642,634 | (585,690) | 613,177 | | Profit/(Loss) Attributable to Equity Holders of the Company | 500,567 | 843,155 | 262,420 | (2,983,800) | (1,469,500) | Five-Year Assets and Liabilities Summary (As at December 31) | Metric (Thousand HKD) | 2019 | 2020 | 2021 | 2022 | 2023 | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Assets | 18,730,229 | 23,359,859 | 32,661,878 | 24,661,853 | 18,211,046 | | Total Liabilities | 12,102,419 | 15,575,921 | 25,237,413 | 21,985,260 | 16,414,406 | Chairman's Report The Chairman's review of the challenging market environment in 2023, the Group's strategic responses, and its outlook for 2024 - In 2023, Hong Kong's capital market faced challenges amid uneven global economic recovery, high overseas interest rates, and complex geopolitical situations, with IPO fundraising decreasing by 55.8% year-on-year and the Hang Seng Index falling by 13.8%3370 - The Group adhered to the general principle of 'seeking progress while maintaining stability,' focusing on serving national strategies (e.g., Beijing-Tianjin-Hebei, Yangtze River Delta, Greater Bay Area), actively responding to market impacts, striving to reduce operating losses, and promoting business structure transformation24 - The company made progress in business transformation, with its asset management business serving the digital and dual-carbon economies through sci-tech innovation funds and receiving multiple industry awards. Concurrently, the company actively practiced ESG principles, expanded green financial products, and completed the issuance of 18 green bonds and 1 blue bond during the year7138 - Looking ahead to 2024, the market environment remains challenging. The Group will continue to focus on serving national strategies, integrating internal resources, enhancing investment research capabilities, strengthening risk and compliance management, and promoting sustainable development38 Management Discussion and Analysis An in-depth review of the Group's operational and financial performance, key risks, and future strategies Business Review Despite a challenging market, the Group significantly narrowed its loss to HKD 1.47 billion (2022: HKD 2.984 billion loss) in 2023, with varied performance across core business segments - Affected by the severe market environment, the Group's loss for the year was HKD 1.4695 billion, a significant reduction from the HKD 2.9838 billion loss in 20224663 Brokerage and Margin Financing Brokerage commission income declined due to market sentiment, while margin financing interest income grew, supported by increased client accounts and strategic collaborations - Brokerage commission and fee income was HKD 81.6 million, a year-on-year decrease of 24.7%41 - Margin loan interest income was HKD 109.1 million, a year-on-year increase of 6.5%, with the number of margin client accounts increasing to 9,710 accounts42 Brokerage Commission Details (by Product) | Product Type | 2023 (Million HKD) | Percentage (%) | 2022 (Million HKD) | Percentage (%) | | :--- | :--- | :--- | :--- | :--- | | HK Stocks | 58.0 | 71.1 | 76.4 | 70.6 | | Non-HK Stocks | 9.4 | 11.5 | 17.2 | 15.9 | | Bonds | 7.7 | 9.4 | 8.6 | 7.9 | | Others | 6.5 | 8.0 | 6.1 | 5.6 | | Total | 81.6 | 100.0 | 108.3 | 100.0 | Margin Financing Business Operating Data | Metric | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Number of Margin Accounts | 9,710 | 9,661 | | Total Margin Loan Balance (Million HKD) | 1,325.6 | 1,696.8 | | Average Monthly Balance (Million HKD) | 1,727.0 | 1,799.8 | Corporate Finance and Underwriting Commission and fee income from corporate finance and underwriting services sharply decreased due to a significant contraction in Hong Kong's IPO market - Commission and fee income from corporate finance and underwriting services was HKD 25.2 million, a significant decrease of 57.5% from HKD 59.4 million in 202251 - Completed 19 IPO projects and 85 bond issuance projects (including 18 green bonds and 1 blue bond) during the year, assisting enterprises in raising a total of USD 18.35 billion51 Asset Management and Advisory Total Assets Under Management (AUM) and service fees decreased, but proprietary trading turned profitable, with a strategic focus on tech and green investment funds Key Metrics for Asset Management and Advisory Business | Metric | 2023 | 2022 | Year-on-year Change | | :--- | :--- | :--- | :--- | | Total Assets Under Management (Million HKD) | 19,283.6 | 24,177.8 | -20.2% | | Asset Management and Advisory Service Fee Income (Million HKD) | 35.9 | 44.4 | -19.2% | | Proprietary Trading Gain/(Loss) (Million HKD) | 45.8 | (466.1) | Turned Loss into Profit | - The company established over ten BOCOM Sci-Tech Innovation Equity Investment series funds in various locations, focusing on new energy, semiconductors, AI, and other fields, and jointly launched a green technology investment theme fund with Guoneng Capital53 - As of the end of 2023, 11 QFLP funds and 1 QDIE fund were established, expanding the cross-border asset management product portfolio53 Investment and Lending Interest income from loans and advances decreased, with a high concentration of loans to top clients and a portfolio strategy favoring short-to-medium duration fixed-income securities - Interest income from loans and advances was HKD 427.3 million, a decrease of approximately 26.7% from HKD 582.6 million in 20221 - High loan concentration: Total loans granted to the top five clients accounted for 86.5% (2022: 66.9%) of the Group's total loans granted during the reporting period69 Equity and Fixed Income Investment Balances (by Asset Type) | Asset Type | 2023 (Million HKD) | Percentage (%) | 2022 (Million HKD) | Percentage (%) | | :--- | :--- | :--- | :--- | :--- | | Fixed Income Securities | 8,093.8 | 72.8 | 11,751.4 | 78.1 | | Equity Investments | 97.3 | 0.9 | 73.7 | 0.5 | | Funds | 2,927.1 | 26.3 | 3,225.4 | 21.4 | Research The research team provides independent analysis focusing on high-quality development sectors, significantly increasing the volume of in-depth reports and listed company coverage - The research team focuses on high-quality development sectors such as technology, pharmaceuticals, new energy, high-end manufacturing, and new consumption35 - In 2023, the number of in-depth reports published nearly doubled year-on-year, covering 130 listed company stocks35 Financial Review The Group's total revenue and other income turned positive from (HKD 586 million) in 2022 to HKD 613 million in 2023, narrowing the annual loss from HKD 2.984 billion to HKD 1.47 billion. Operating expenses decreased, primarily due to lower impairment allowances, but finance costs increased by 50% due to rising interest rates. The Group's liquidity significantly improved, with the current ratio increasing from 1.0 times to 1.6 times, but the gearing ratio rose due to a decrease in equity Financial Performance The Group's total revenue and other income turned profitable in 2023, recording HKD 613 million, compared to (HKD 586 million) in 2022. The annual loss narrowed to HKD 1.47 billion. Performance improvement was mainly attributed to better results in the asset management and advisory, and investment and lending segments, while income from brokerage, corporate finance, and underwriting segments decreased Total Revenue and Other Income by Segment (For the year ended December 31) | Segment | 2023 (Million HKD) | 2022 (Million HKD) | | :--- | :--- | :--- | | Brokerage | 95.4 | 122.4 | | Corporate Finance and Underwriting | 25.2 | 59.4 | | Asset Management and Advisory | 81.9 | (420.3) | | Margin Financing | 109.1 | 102.4 | | Investment and Lending | 11.0 | (676.4) | | Others | 290.6 | 226.8 | | Total | 613.2 | (585.7) | - The Group's loss for the year ended December 31, 2023, was approximately HKD 1.4695 billion, a reduction from the HKD 2.9838 billion loss in 202263 Operating Expenses Total operating expenses and finance costs in 2023 amounted to HKD 2.075 billion, a decrease from HKD 2.434 billion in 2022. Changes in impairment allowances, which decreased from HKD 1.195 billion to HKD 626 million, were the primary reason for the overall expense reduction. However, finance costs increased by 50.0% year-on-year to HKD 718 million due to higher average interest rates. Accumulated impairment allowances mainly stemmed from loans and advances and debt investments, primarily affected by capital market volatility and the sluggish real estate market in mainland China Operating Expenses and Finance Costs Details (For the year ended December 31) | Item | 2023 (Million HKD) | Percentage (%) | 2022 (Million HKD) | Percentage (%) | | :--- | :--- | :--- | :--- | :--- | | Finance Costs | 717.7 | 34.6 | 478.3 | 19.7 | | Staff Costs | 398.0 | 19.2 | 370.7 | 15.2 | | Changes in Impairment Allowances | 625.6 | 30.1 | 1,195.2 | 49.1 | | Other Operating Expenses | 185.8 | 8.9 | 241.2 | 9.9 | | Total | 2,075.3 | 100.0 | 2,433.6 | 100.0 | - Finance costs increased by 50.0% year-on-year due to an increase in average interest rates65 - As of the end of 2023, accumulated impairment losses primarily included impairment of HKD 464 million for loans and advances and HKD 1.06 billion for debt investments, mainly attributable to capital market volatility and the sluggish real estate market in mainland China76 Liquidity, Financial Resources, and Gearing Ratio The Group's liquidity significantly improved in 2023, with net current assets increasing to HKD 4.058 billion and the current ratio rising from 1.0 times to 1.6 times. Total borrowings decreased from HKD 18.316 billion to HKD 14.149 billion. Despite reduced borrowings, the gearing ratio (total borrowings/total equity) increased from 684.3% to 787.5% due to a decrease in total equity Liquidity and Gearing Metrics | Metric | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Net Current Assets (Million HKD) | 4,058.4 | 600.1 | | Current Ratio | 1.6 times | 1.0 times | | Total Borrowings (Million HKD) | 14,149.0 | 18,315.7 | | Gearing Ratio | 787.5% | 684.3% | Capital Structure The Group's capital structure consists of share capital and reserves, with working capital primarily sourced from business operations, bank loans (including those from parent company Bank of Communications), and medium-term notes. The company faces currency risks mainly from RMB and USD, but the linked exchange rate system for HKD against USD provides relative stability - The Group funds its working capital requirements through cash generated from business operations, bank loans, and medium-term notes87 - Currency risk primarily arises from exposure to RMB and USD93 Principal Risks The Group faces key risks including interest rate risk (affecting margin loans, bond investments, etc.), credit risk (from client or counterparty defaults), currency risk (primarily RMB and USD), liquidity risk (ability to repay maturing debts), operational risk (arising from internal procedures, human error, or system failures), and market risk (a general term for exchange rate, interest rate, and other asset price risks). The Group has established corresponding policies and monitoring measures to mitigate these risks - The Group faces principal risks including interest rate risk, credit risk, currency risk, liquidity risk, operational risk, and market risk88949798100101 Other Disclosures The Group had no significant acquisitions, disposals, or major investments during the reporting period, with no asset pledges, capital commitments, or contingent liabilities as of year-end - During the reporting period, the Group had no significant acquisitions or disposals of subsidiaries, associates, or joint ventures, nor did it hold any significant investments10595 - As of December 31, 2023, the Group had no asset pledges, significant capital commitments, or significant contingent liabilities102106108 - As of December 31, 2023, the Group had a total of 538 employees, with total annual staff costs of approximately HKD 398 million107 Outlook and Strategy Looking ahead to 2024, the Group anticipates a positive global economic growth outlook, with China's economy expected to maintain stable growth. As major global central banks enter a rate-cutting cycle, the international investment environment is expected to improve, and Hong Kong's capital market is poised for recovery. The Group's strategy will focus on its core responsibilities, serving the real economy, deepening structural transformation, and striving to build distinctive features in technology finance and green finance to promote high-quality transformation and development - Global economic growth is expected to remain resilient in 2024, with China's economy continuing stable growth. As the global liquidity environment improves, Hong Kong's capital market is expected to recover111 - The company's strategy will adhere to seeking progress while maintaining stability, focusing on its core businesses, serving the real economy, and striving to build distinctive features in technology finance and green finance to promote high-quality transformation and development104 Company Information Key corporate details including board members, committee members, company secretary, registered office, principal bankers, auditor, and stock code - This section lists core company information including Board members, members of various sub-committees, company secretary, registered office, principal bankers, auditor, and stock code112116294 Biographies of Directors and Senior Management Detailed professional backgrounds of the company's executive, non-executive, independent non-executive directors, and senior management - This section provides detailed personal biographies of the company's executive directors, non-executive directors, independent non-executive directors, and senior management members, including their age, position, educational background, and key work experience in the financial industry296301302313328331332335 Directors' Report A comprehensive report on the Group's principal activities, financial performance, dividend policy, and interests of directors and major shareholders Principal Activities and Business Review The company primarily engages in investment holding, with the Group's core businesses spanning brokerage, margin financing, corporate finance and underwriting, investment and lending, and asset management and advisory businesses. Detailed business review, financial performance indicator analysis, and future development plans are presented in the 'Chairman's Report' and 'Management Discussion and Analysis' sections - The Group primarily engages in brokerage, margin financing, corporate finance and underwriting, investment and lending, and asset management and advisory businesses347 Results and Dividends The Group's detailed annual results are presented in the consolidated statement of profit or loss. The Board does not recommend the payment of a final dividend for the year ended December 31, 2023 - The Directors do not recommend the payment of a final dividend for the current year to shareholders351 Directors' and Major Shareholders' Interests Disclosure of interests held by directors and major shareholders in the company's shares and its associated corporations as of December 31, 2023 Directors' Long Positions in the Company's Shares | Director Name | Capacity | Number of Shares Held | Approximate Percentage of Total Issued Shares (%) | | :--- | :--- | :--- | :--- | | 譚岳衡 | Beneficial Owner | 2,000,000 | 0.07 | Major Shareholders' Long Positions in the Company's Shares | Shareholder Name | Capacity | Total Number of Shares Held | Approximate Percentage of Total Issued Shares (%) | | :--- | :--- | :--- | :--- | | 交通銀行 | Interest in Controlled Corporation, Beneficiary of Trust | 2,000,000,000 | 73.14 | Continuing Connected Transactions The Group has multiple continuing connected transactions with its controlling shareholder, Bank of Communications Group, primarily conducted through four framework agreements: financial services, derivatives transactions, property leasing, and fintech services. The report details the annual caps and actual transaction amounts for each agreement in 2023, confirming that independent non-executive directors and the auditor have reviewed these transactions and deemed them compliant - The Group's continuing connected transactions with Bank of Communications Group are primarily conducted through four framework agreements: financial services, derivatives transactions, property leasing, and fintech services188223238241 Financial Services Framework Agreement Transaction Amounts (2023) | Transaction Type | Annual Cap (Million HKD) | Actual Amount (Million HKD) | | :--- | :--- | :--- | | Revenue Received by the Group from BOCOM Group | 281.5 | 30.6 | | Fees and Commissions Paid by the Group to BOCOM Group | 76.4 | 5.6 | Corporate Governance Report An overview of the company's corporate governance framework, board structure, committee functions, and risk management practices Corporate Governance Framework The company is committed to maintaining high standards of corporate governance. The Board is responsible for overseeing the Group's overall strategy and risk management, and has established an Audit Committee, Remuneration Committee, Nomination Committee, and the newly established Strategy and Risk Management Committee in 2023. Daily management functions are delegated to senior management - The Board has four sub-committees: Audit Committee, Remuneration Committee, Nomination Committee, and the Strategy and Risk Management Committee (established on July 13, 2023)304305 Board of Directors As of the end of 2023, the Board comprised 7 directors, including 3 executive directors, 1 non-executive director, and 3 independent non-executive directors, meeting Listing Rules requirements. During the reporting period, the company complied with all code provisions of the Corporate Governance Code. The Board has formulated a diversity policy and ensures directors receive continuous professional training - As of December 31, 2023, the Board comprised 7 directors, of whom 3 were independent non-executive directors, accounting for over one-third, in compliance with Listing Rules requirements320322 - The company has adopted a Board Diversity Policy and set a target to appoint at least 1 female director, which has been achieved337 Board Committees The report details the responsibilities and annual work of the four Board committees. The Strategy and Risk Management Committee (newly established) is responsible for reviewing the Group's risk management and strategic planning. The Audit Committee oversees financial reporting and internal audit. The Remuneration Committee reviews director and senior management remuneration. The Nomination Committee reviews the Board structure and director nominations - The Strategy and Risk Management Committee was established on July 13, 2023, with primary responsibilities to support the Board in formulating development plans and reviewing the effectiveness of the risk management system177 - The Audit Committee held 2 meetings during the year, reviewing annual and interim results, financial reporting systems, and auditor appointment matters156 - The Remuneration Committee held 2 meetings during the year, reviewing the company's overall remuneration and the remuneration packages of the Chairman and senior management163 - The Nomination Committee held 3 meetings during the year, reviewing the Board structure, re-election of directors, and adjustments to committee composition184 Risk Management and Internal Control The Group has established a three-tiered risk management framework, consisting of the Board (and its committees), the Risk Management Committee and special committees, and relevant middle and back-office departments. The Board bears ultimate responsibility for the effectiveness of the risk management and internal control systems, and has reviewed and confirmed these systems were effective and adequate for the year. The company has also established a whistleblowing policy and anti-corruption system - The Group established a three-tiered risk management framework, with the Board as the highest level, responsible for establishing the overall framework and overseeing its effectiveness194196 - The Board and the Strategy and Risk Management Committee have reviewed and confirmed that the Group's risk management and internal control systems were effective and adequate for the year142 Corporate Social Responsibility Report A report detailing the Group's commitment to sustainable development, covering ESG governance, robust operations, employee care, and environmental stewardship Sustainable Development Governance The Group has established an ESG governance structure led by the Board, which assumes full responsibility for ESG strategy and reporting, and authorizes the ESG Working Group to assist in fulfilling its duties. The Group systematically identifies, assesses, and manages critical ESG risks at environmental, social, and technological levels, such as climate change, client data security, and cybersecurity, and has formulated corresponding control measures - The Board assumes full responsibility for the Group's ESG strategy and reporting, and has authorized the ESG Working Group to assist in its execution262 - The Group has identified climate change, natural disasters, client data and privacy security, and cybersecurity as critical ESG risks, and has formulated multiple control measures, including the 'Management Measures for Climate Change Related Matters' and 'Information Security Policy'278393398 Robust and Compliant Operations The Group is committed to robust and compliant operations, placing high importance on cybersecurity and client privacy protection, and has formulated strict data security management measures. In terms of risk management, the Group has established comprehensive internal control procedures and whistleblowing channels, adopting a 'zero-tolerance' stance on corruption and bribery. Concurrently, the Group actively promotes green finance, supporting sustainable development through responsible investment and green bond issuance, and continuously optimizing fintech services to enhance client experience - Enhanced cybersecurity and client privacy protection through measures such as deploying DLP data loss prevention systems and participating in national 'Cyber Shield' initiatives439 - Conducted 6 business ethics and anti-corruption training sessions during the year, with director and employee training rates of 73.9% and 92.4% respectively452 - Actively expanded green finance, assisting in the issuance of 18 green bonds and 1 blue bond during the year, with a financing scale of USD 5.93 billion, and collaborating with Guoneng Capital to establish a green theme fund474465 [Employee Care and Talent Development](index=89&type=section&id=關懷員工 培育人才) Adhering to a 'people-oriented' philosophy, the Group provides comprehensive welfare benefits and a healthy workplace environment for its 538 employees. The company strictly complies with labor laws, offers competitive compensation and benefits, and organizes activities through the Recreation Committee to promote work-life balance. For employee development, the Group provides systematic training, holding multiple specialized lectures during the year covering industry trends, cybersecurity, and compliance, to enhance employees' professional capabilities - As of the end of the reporting period, the Group had a total of 538 full-time employees, with 254 in Hong Kong and 284 in mainland China511 - Conducted 8 industry-specific training sessions, cybersecurity awareness training, and 28 compliance-specific training sessions during the year, enhancing employees' professional knowledge and risk awareness461 2023 Employee Turnover Rate | Category | Turnover Rate (%) | | :--- | :--- | | By Gender | | | Male | 15% | | Female | 15% | | By Region | | | Hong Kong | 17% | | Shanghai | 14% | Environmental Care: Integrating Sustainability into Operations The Group is committed to fostering a 'green operations' culture, reducing its environmental impact through energy-saving and emission-reduction measures. During the reporting period, the Group continued to advance the environmental targets set in 2021, taking concrete actions in strengthening official vehicle management, reducing business travel, promoting paperless office practices, and recycling office waste. Total greenhouse gas emissions slightly decreased from 570.87 tonnes to 561.07 tonnes. The Group also formulated 'Management Measures for Climate Change Related Matters' to manage physical and transition risks arising from climate change Hong Kong Office GHG Emissions | GHG Emission Scope | 2023 Emissions (tonnes) | 2022 Emissions (tonnes) | | :--- | :--- | :--- | | Scope 1 (Direct Emissions) | 38.21 | 32.96 | | Scope 2 (Indirect Emissions) | 501.98 | 521.63 | | Scope 3 (Other Indirect Emissions) | 20.87 | 16.27 | | Total | 561.07 | 570.87 | - Formulated 'Management Measures for Climate Change Related Matters' and 'BOCOM International Climate-Related Risk Management Measures,' integrating climate-related risk factors into the investment risk management framework370557 Independent Auditor's Report Auditor KPMG Certified Public Accountants believes that the consolidated financial statements truly and fairly reflect the Group's consolidated financial position as of December 31, 2023, and its financial performance for the year then ended, prepared in accordance with Hong Kong Financial Reporting Standards and properly complied with the Hong Kong Companies Ordinance. Key audit matters include: 1. Impairment provisions for financial assets: Involves assessing expected credit losses for loans and advances, margin client loans, and debt investments, which requires significant management judgment and complex models. 2. Fair value measurement of Level 3 financial instruments: Primarily includes unlisted funds, unlisted equities, etc., whose valuation relies on valuation models and unobservable inputs, posing uncertainties - Auditor KPMG Certified Public Accountants believes that the consolidated financial statements truly and fairly reflect the Group's consolidated financial position as of December 31, 2023, and its financial performance for the year then ended, prepared in accordance with Hong Kong Financial Reporting Standards and properly complied with the Hong Kong Companies Ordinance578 - Key audit matters include: 1. Impairment provisions for financial assets: Involves assessing expected credit losses for loans and advances, margin client loans, and debt investments, which requires significant management judgment and complex models 2. Fair value measurement of Level 3 financial instruments: Primarily includes unlisted funds, unlisted equities, etc., whose valuation relies on valuation models and unobservable inputs, posing uncertainties740585 Consolidated Financial Statements The Group's comprehensive financial statements, including the statement of profit or loss, statement of financial position, and statement of cash flows Consolidated Statement of Profit or Loss For the year ended December 31, 2023, the Group recorded revenue and other income of HKD 613 million, an operating loss of HKD 1.462 billion, and a loss for the year attributable to equity holders of the Company of HKD 1.47 billion, with basic loss per share of HKD 0.54 Consolidated Statement of Profit or Loss Summary | Item (Thousand HKD) | 2023 | 2022 | | :--- | :--- | :--- | | Revenue and Other Income | 613,177 | (585,690) | | Operating Loss | (1,462,144) | (3,019,355) | | Loss Before Tax | (1,444,717) | (2,984,585) | | Loss for the Year Attributable to Equity Holders of the Company | (1,469,500) | (2,983,800) | | Basic Loss Per Share (HKD) | (0.54) | (1.09) | Consolidated Statement of Financial Position As of December 31, 2023, the Group's total assets were HKD 18.211 billion, total liabilities were HKD 16.414 billion, and equity attributable to equity holders of the Company was HKD 1.797 billion Consolidated Statement of Financial Position Summary | Item (Thousand HKD) | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Total Assets | 18,211,046 | 24,661,853 | | Total Liabilities | 16,414,406 | 21,985,260 | | Total Equity | 1,796,640 | 2,676,593 | Consolidated Statement of Cash Flows For the year ended December 31, 2023, the Group generated net cash from operating activities of HKD 1.246 billion and net cash from investing activities of HKD 2.605 billion, while net cash used in financing activities was HKD 4.317 billion, resulting in a net decrease in cash and cash equivalents of HKD 466 million Consolidated Statement of Cash Flows Summary | Item (Thousand HKD) | 2023 | 2022 | | :--- | :--- | :--- | | Net Cash Generated from Operating Activities | 1,246,007 | 1,994,327 | | Net Cash Generated from Investing Activities | 2,605,030 | 2,097,221 | | Net Cash Used in Financing Activities | (4,316,570) | (4,160,575) | | Net Decrease in Cash and Cash Equivalents | (465,533) | (69,027) |
交银国际(03329) - 2023 - 年度财报