Financial Performance - The company reported a loss of HKD 176,759,000 for the year, with property, plant, and equipment valued at HKD 17,709,000 and right-of-use assets at HKD 8,414,000 prior to impairment assessment [35]. - The company reported a comprehensive loss of HKD 200,138 thousand for the year ended June 30, 2023, compared to a loss of HKD 110,921 thousand in the previous year, indicating an increase in losses of approximately 80% [56]. - Basic and diluted earnings per share for the year were HKD (0.074), a decline from HKD (0.043) in the prior year, reflecting a worsening financial performance [56]. - The company reported a loss of HKD 176,246,000 for the year, reflecting a significant decrease in overall income [61]. - The overall comprehensive income for the year was reported at HKD (200,525,000), reflecting the losses incurred [61]. - For the fiscal year ending June 30, 2023, the company reported a pre-tax loss of HKD 164,198,000, compared to a pre-tax loss of HKD 112,639,000 for the previous year, indicating a significant decline in performance [147]. - The company recorded a loss of HKD 40,187,000 in the reportable segments, a decrease from a profit of HKD 13,245,000 in the previous year, highlighting a shift in operational efficiency [147]. - The company reported a significant impairment loss on intangible assets of HKD 92,044,000 for the year, compared to HKD 70,769,000 in the previous year, indicating challenges in asset valuation [147]. Assets and Liabilities - The total assets of the company as of June 30, 2023, amounted to HKD 1,446,860,000, down from HKD 1,692,464,000 in the previous year, reflecting a decrease in overall asset value [147]. - The company’s reportable segment assets totaled HKD 1,023,007,000 as of June 30, 2023, a decrease from HKD 1,151,491,000 in the previous year, suggesting a contraction in business operations [147]. - The company’s liabilities totaled HKD 558,705,000 as of June 30, 2023, down from HKD 603,784,000 in the previous year, indicating a reduction in financial obligations [147]. - As of June 30, 2023, total equity amounted to HKD 888,155,000, with accumulated losses of HKD 1,657,120,000 [61]. Revenue and Segments - Total external customer revenue for the cable and wire segment was HKD 205,120 thousand, with a loss of HKD 38,687 thousand, while the copper rod segment generated HKD 157,084 thousand with a loss of HKD 10,157 thousand, leading to a total revenue of HKD 374,316 thousand and an overall loss of HKD 40,187 thousand [111]. - The group's customer contract revenue from product sales decreased to HKD 362,204 thousand in 2023 from HKD 458,085 thousand in 2022, while rental income from other sources was HKD 12,112 thousand, down from HKD 13,436 thousand [131]. Compliance and Governance - The company has maintained a zero-tolerance policy towards child labor and forced labor, ensuring a safe and comfortable working environment for employees [5]. - There were no violations of employment laws or regulations reported during the year, nor any labor disputes [11]. - The company has not received any reports of intellectual property infringement during the reporting period [25]. - The company’s management is responsible for ensuring the financial statements are free from material misstatement due to fraud or error, highlighting the importance of internal controls [45]. - The company’s audit committee assists the board in overseeing the financial reporting process, ensuring compliance with accounting standards [46]. - The company’s financial report was approved and authorized for publication by the board of directors on September 29, 2023 [59]. Employee and Training - The employee turnover rate for males was 18% and for females was 15% in 2023, showing a slight increase compared to 2022 [9]. - The company encourages employee participation in external training programs, with a focus on enhancing technical, management, and professional skills [14]. Risk Management - The group has no significant concentration of credit risk, with risks diversified across multiple counterparties and customers [164]. - The group has no foreign currency hedging policy but closely monitors foreign exchange risks [160]. - The group’s financial risk management includes monitoring interest rate risks associated with floating-rate borrowings [184]. - The group’s equity price risk is managed through daily monitoring of individual securities against market indices [192]. Environmental and Community Engagement - The company has prioritized local suppliers to support community development and encourages employees to engage in environmental protection activities [28]. - The group has achieved ISO 9001:2015 certification, ensuring products meet strict quality control standards [199]. - The group invests in high-end production technology to enhance quality and safety, maintaining a competitive advantage [199].
星凯控股(01166) - 2023 - 年度财报