Financial Performance - For the fiscal year ending March 31, 2023, the company reported total revenue of HKD 312 million, a slight decrease of 1% from HKD 315 million in the previous year[3]. - The gross profit for the year was HKD 141 million, down 13% from HKD 162 million in the prior year[3]. - The company incurred a loss before tax of HKD 213 million, an improvement from a loss of HKD 555 million in the previous year[3]. - The net loss for the year was HKD 208 million, compared to a net loss of HKD 596 million in the previous year, indicating a significant reduction in losses[3]. - The company reported a basic loss per share of HKD 3.61 in 2023, compared to a loss of HKD 5.14 in 2022[41]. - The company reported a pre-tax loss of HKD 264 million for the fiscal year 2023, an improvement from a loss of HKD 370 million in 2022[167]. - Basic loss per share improved to HKD 3.61 in 2023 from HKD 5.14 in 2022[167]. - The company recorded a tax expense of HKD 5 million in 2023, compared to HKD 2 million in 2022, representing an increase of 150%[181]. Revenue Sources - Revenue from construction machinery and spare parts sales was HKD 225 million, representing 72% of total revenue[79]. - The revenue from property leasing in the UK was HKD 55 million, a decrease from HKD 71 million in the previous year[139]. - The company generated HKD 160 million in rental income from construction machinery, an increase from HKD 128 million[141]. - Total revenue from the sale of properties, plants, and equipment increased to HKD 6 million in 2023 from HKD 1 million in 2022[147]. - The company’s total income from securities brokerage dropped to HKD 48 million in 2023, down from HKD 82 million in 2022[170]. - The company’s total revenue from other income sources was HKD 49 million in 2023, compared to HKD 28 million in 2022[161]. Assets and Liabilities - The company’s total liabilities decreased to HKD 2.4 billion from HKD 2.5 billion in the previous year, reflecting improved financial management[26]. - The company’s equity decreased to HKD 1.5 billion from HKD 1.9 billion, indicating a reduction in shareholder equity[30]. - Total non-current assets amounted to HKD 4,004 million in 2023, slightly up from HKD 3,997 million in 2022[43]. - Current assets totaled HKD 2,297 million in 2023, compared to HKD 2,266 million in 2022, indicating a growth of approximately 1.37%[44]. - The total asset value reached HKD 6,301 million in 2023, a marginal increase from HKD 6,263 million in 2022[45]. - The total liabilities increased to HKD 2,855 million in 2023 from HKD 2,451 million in 2022, reflecting a rise of approximately 16.5%[44]. - The company's net assets decreased to HKD 2,575 million in 2023 from HKD 2,827 million in 2022, representing a decline of about 8.9%[46]. - The company reported a total borrowing of HKD 1,731 million as of March 31, 2023, compared to HKD 1,864 million in 2022, indicating a decrease of approximately 7.1%[193]. - The average interest rate for bank borrowings increased to 6.03% in 2023 from 3.50% in 2022, reflecting a significant rise in borrowing costs[191]. Strategic Plans and Market Opportunities - The company plans to expand its customer base and enhance its corporate finance advisory services, asset management services, and simplify debt issuance services[20]. - The company is exploring opportunities in Cambodia, a market with high growth potential, to capitalize on economic transformation and investment environment[7]. - The company aims to explore quality asset investment opportunities to enhance shareholder value and capital growth potential[6]. - The company plans to continue expanding its service offerings in Hong Kong and the UK markets[76]. Operational Highlights - The company holds licenses to provide various financial services, including securities trading and asset management, under the Securities and Futures Ordinance[52]. - The company has begun evaluating the impact of new and revised Hong Kong Financial Reporting Standards, although significant effects on operations have not yet been determined[34]. - The company executed a bond purchase for HKD 250,848,000 on June 13, 2023, indicating ongoing investment activities[198]. - The company signed an agreement to sell a 49% stake in a joint venture for HKD 2 million on June 26, 2023, reflecting strategic divestment efforts[199]. - The company has identified six reportable segments, including construction machinery and repair services[76]. Expense Management - The company reported a decrease in administrative expenses to HKD 123 million from HKD 146 million year-on-year[3]. - Interest income from lending activities decreased to HKD 14 million from HKD 41 million year-over-year[141]. - The expected credit loss provision for loans decreased to HKD 14 million in 2023 from HKD 23 million in 2022[170]. - The company’s trade payables increased to HKD 13 million in 2023 from HKD 6 million in 2022, marking a 116.7% rise[197]. - The company’s average credit period for trade customers is 0-30 days, with a policy for assessing credit quality before extending credit[186].
信铭生命科技(00474) - 2023 - 年度业绩