Financial Performance - The Group recorded a revenue of approximately HK$205,314,000 for the year ended 31 December 2023, representing a decrease of approximately 21.7% compared to HK$262,271,000 for the year ended 31 December 2022[9]. - The cost of revenue for the year amounted to approximately HK$182,350,000, a decrease of approximately 15.0% compared to HK$214,414,000 in the previous year, aligning with the revenue decline from the environmental maintenance business[32]. - Gross profit for the year was approximately HK$22,964,000, down from HK$47,857,000 in 2022[41]. - The Group recorded a total comprehensive loss attributable to equity holders of approximately HK$36,829,000, compared to a loss of HK$177,211,000 in the previous year[41]. - Environmental maintenance services income decreased to HK$161,419,000 from HK$247,348,000[53]. - Revenue from the trading of cosmetic products increased significantly to HK$19,986,000 from HK$2,157,000[51]. - Sales of medical devices amounted to HK$14,033,000, up from HK$3,328,000 in the previous year[53]. - The gross profit ratio for the Year was approximately 11.2%, lower than the gross profit ratio of approximately 18.2% for the year ended 31 December 2022[46]. Assets and Liabilities - The Group's total assets decreased to HK$588,504,000 in 2023 from HK$681,957,000 in 2022, reflecting a decline of approximately 13.7%[20]. - Current assets decreased to HK$448,082,000 in 2023 from HK$505,512,000 in 2022, a decrease of approximately 11.3%[20]. - Net assets as of 31 December 2023 were approximately HK$431,042,000, down from HK$472,738,000 in 2022[20]. Employee and Operational Metrics - The Group had a total of 1,809 employees as of 31 December 2023, down from 2,192 employees in the previous year[55]. - Total employee benefits expenses for the Year were approximately HK$107,867,000, a decrease of approximately 25.5% compared to HK$144,878,000 in 2022[55]. - General and administrative expenses decreased to approximately HK$50,085,000, representing a decrease of approximately 73.8% compared to HK$191,498,000 in 2022[55]. Business Strategy and Future Plans - The Group plans to explore business opportunities in high-growth sectors in the PRC, including high technology and internet businesses, to generate stable income streams[44]. - The Group aims to leverage available resources to develop its core and new businesses[62]. - The development of the meat trading business and logistics chain business is a focus area for the Group[60]. - The Group plans to continue exploring business opportunities in high-growth sectors in China, including high-tech and internet businesses, to create stable and sustainable revenue sources post-pandemic[62]. Corporate Governance and Compliance - The Company has maintained effective indemnification provisions for directors and senior officers against losses and liabilities incurred during the execution of their duties, excluding those arising from fraud and misrepresentation[199]. - The management team, including Mr. Lam Ka Tak, Mr. Xu Zhihao, and Mr. Wong Sincere, has participated in all scheduled meetings, indicating active engagement in corporate governance[196]. - The Company aims to maximize long-term shareholder value while balancing the interests of broader stakeholders[185]. - The Company has complied with the Corporate Governance Code throughout the year ended December 31, 2023[183]. Shareholder Information - The Group's reserves available for distribution to shareholders amounted to approximately HK$393,531,000 as of December 31, 2023[100]. - The Company does not recommend payment of any dividend for the year ended December 31, 2023[100]. - The Directors' shareholding includes Mr. Sang Kangqiao with 289,372,000 shares, representing approximately 36.4% of the total[104]. Audit and Financial Reporting - The Group's financial statements for the year ended December 31, 2023, have been audited by PwC, with a resolution to reappoint them as auditors at the upcoming annual general meeting[161]. - The Audit Committee has reviewed the consolidated financial statements for the year ended December 31, 2023[179]. - The annual report is accessible on the Stock Exchange website and the company's website, ensuring transparency and availability of financial information[197]. Share Option Schemes - The Company has adopted two share option schemes to motivate and retain eligible participants[121]. - The maximum number of shares for the 2021 Share Option Scheme is 79,500,000, representing 10% of the issued shares at the adoption date[152]. - The total number of shares available for issue under the 2013 and 2021 Share Option Schemes are 40,000,000 and 0 shares respectively, which represent approximately 5.03% and 0% of the issued shares as of the report date[175].
网誉科技(01483) - 2023 - 年度财报