Revenue Performance - Revenue from healthcare staffing solutions for the year was approximately HKD 102,900,000, a decrease of about HKD 3,900,000 or 3.7% compared to HKD 106,900,000 for the year ended June 30, 2022[3][31]. - Institutional staffing solutions generated revenue of approximately HKD 68,500,000, down 8.9% from HKD 75,200,000 in the previous year[3]. - Private nursing staffing services maintained relative stability with revenue of approximately HKD 34,500,000, compared to HKD 31,700,000 in the previous year[3]. - Total revenue for the year decreased from HKD 140,300,000 to HKD 126,600,000, reflecting a decline due to reduced demand for vaccination services[24]. - Revenue from outreach case assessment and vaccination services decreased by approximately 56.5% to about HKD 12,300,000 due to the closure of community vaccination centers in Hong Kong[40]. - Revenue from customer contracts for 2023 was HKD 126,558 thousand, a decrease of 9.8% from HKD 140,295 thousand in 2022[104]. - Other income increased significantly to HKD 8,997 thousand in 2023 from HKD 4,106 thousand in 2022, representing a growth of 119.0%[104]. Profitability and Expenses - Profit attributable to equity holders for the year was approximately HKD 46,900,000, down about 20.0% from HKD 58,600,000 for the year ended June 30, 2022[39]. - Operating profit for 2023 was HKD 59,845 thousand, down 18.2% from HKD 73,159 thousand in 2022[104]. - Net profit for the year was HKD 46,919 thousand, a decrease of 20.0% compared to HKD 58,620 thousand in the previous year[105]. - Basic and diluted earnings per share for 2023 were 11.73 HK cents, down from 14.66 HK cents in 2022, reflecting a decline of 20.0%[104]. - Total comprehensive income for the year, after tax, was HKD 46,699 thousand, down from HKD 55,070 thousand in 2022, a decrease of 15.5%[105]. - Employee benefit expenses for the year were approximately HKD 38,700,000, a decrease from HKD 41,300,000 for the year ended June 30, 2022[36]. - Other operating expenses increased from approximately HKD 11,100,000 to about HKD 14,500,000, primarily due to increased costs related to the "LOUD ON AIR" concert[37]. Financial Position - Total revenue for the year was approximately HKD 126,600,000, a decrease of about 9.8% from HKD 140,300,000 for the year ended June 30, 2022[39]. - Total equity attributable to the company's equity holders increased to HKD 222,320,000 in 2023 from HKD 210,603,000 in 2022, representing a growth of 5.4%[79]. - Cash generated from operating activities decreased to HKD 60,833,000 in 2023 from HKD 120,157,000 in 2022, a decline of 49.3%[82]. - Net cash generated from operating activities was HKD 41,936,000 in 2023, down from HKD 116,111,000 in 2022, indicating a decrease of 64.1%[82]. - Total liabilities decreased to HKD 124,508,000 in 2023 from HKD 140,746,000 in 2022, a reduction of 11.6%[79]. - Cash and cash equivalents at the end of 2023 were HKD 93,269,000, up from HKD 86,268,000 at the end of 2022, reflecting an increase of 8.6%[82]. - The company paid dividends of HKD 35,000,000 in 2023, compared to HKD 40,000,000 in 2022, a decrease of 12.5%[82]. - The company reported a net cash outflow from investing activities of HKD 6,917,000 in 2023, contrasting with a significant outflow of HKD 111,630,000 in 2022[82]. Strategic Outlook - The board remains optimistic about the medium to long-term growth of the core business due to the increasing elderly population and ongoing hospital development plans[17]. - The company plans to hire more experienced healthcare professionals to enhance service quality and support business growth[25]. - The company is taking proactive steps to diversify its core business and expand its geographical coverage, particularly in the Greater Bay Area[26]. - The board is actively seeking business opportunities and strategic partnerships to enhance business development[4]. - The group anticipates that global capital markets will remain challenging in 2024, and will continue to adopt prudent capital management and liquidity risk management policies[41]. - The group aims to pursue long-term business opportunities and profitability growth despite the challenging market conditions[41]. Environmental and Regulatory Considerations - The company has established an environmental policy to reduce its environmental impact and promote sustainable practices[192]. - The company is monitoring updates to environmental laws and agreements to avoid unnecessary costs and expenditures due to non-compliance[198]. - The company recognizes the increasing customer consideration of climate-related risks and opportunities, which may change demand for its services[200]. - The company has taken steps to ensure that its business activities do not cause significant harm to the environment or natural resources[192]. - The company has implemented measures to manage physical climate risks, including safeguarding documents and equipment during extreme weather events like typhoons[195]. - The company has set a target to reduce energy consumption and greenhouse gas emissions to achieve net-zero emissions[192]. - The company is prepared for the transition to a low-carbon economy by understanding associated risks and opportunities[191]. - The company regularly assesses its operational situation to minimize its environmental impact[192]. Accounting and Financial Reporting - The company has full control over subsidiaries from the date control is transferred, and they are fully consolidated into the financial statements[119]. - The company uses the accounting acquisition method for business combinations, measuring identifiable assets and liabilities at fair value on the acquisition date[141][143]. - The financial statements are presented in Hong Kong dollars, which is the company's functional and reporting currency[147]. - Any foreign exchange differences arising from the translation of foreign operations are recognized in other comprehensive income[150]. - The company expects that new accounting standards and interpretations will not have a significant impact on its financial position and performance[140]. - Depreciation of property, plant, and equipment is calculated using the straight-line method over their estimated useful lives[133]. - Financial assets are classified into measurement categories, including those measured at amortized cost[156]. - The company applies a simplified approach for trade receivables, recognizing expected lifetime losses at initial recognition[163].
百本医护(02293) - 2023 - 年度财报