Financial Performance - For the year ended December 31, 2018, the Group's revenue was approximately HK$223.7 million, a decrease of approximately 36.1% compared to HK$350.0 million in 2017[7] - Gross profit for the year was approximately HK$22.6 million, representing a decrease of approximately 28.8% from HK$31.8 million in 2017[11] - The Group's net loss for the year was approximately HK$24.8 million, primarily due to an unrealized loss on financial assets of approximately HK$28.4 million[11] - The Group recorded a revenue of approximately HK$223.7 million, representing a decrease of approximately 36.1% compared to the previous year[22] - The gross profit for the year was approximately HK$22.6 million, down from approximately HK$31.8 million in the previous year[22] Revenue Sources - Approximately 41.7% of the Group's revenue came from sales of telephone and related products, while 35.4% was contributed by B2B cross-border e-commerce and payment business[7] - The Group's financial arm, including securities brokerage and money lending, contributed to the revenue, with specific revenue figures for each segment detailed in the report[22] Business Strategy - The Group plans to allocate more resources to the cross-border e-commerce and payment segment to capture market opportunities[13] - The Group will continue to seek potential investment and business opportunities to broaden its income streams[14] Financial Position - As at 31 December 2018, the Group had cash on hand of approximately HK$66.5 million and net current assets of approximately HK$338.2 million[25] - The total market value for financial assets at fair value through profit or loss was approximately HK$55.3 million as at 31 December 2018, down from approximately HK$68.7 million in 2017[36] - The Group's current ratio decreased to 4.50 in 2018 from 7.79 in 2017, indicating a decline in liquidity[25] Corporate Governance - The company emphasizes high standards of corporate governance, including transparency and accountability to shareholders[66] - The independent non-executive directors have confirmed their independence in accordance with Listing Rules[72] - The company is committed to ongoing reviews of its corporate governance practices to ensure compliance with the CG Code[68] - The board composition includes two executive directors and three independent non-executive directors, meeting the Listing Rules requirement[71] Risk Management - The Board maintains an effective risk management and internal control system to ensure operational efficiency and compliance with applicable laws and regulations[140] - The internal control system is designed to provide reasonable assurance on the effectiveness and efficiency of operations and reliability of financial reporting[140] - The Group's risk management policy outlines the process for identifying, evaluating, and managing principal risks affecting the business[150] Environmental Responsibility - The report covers the group's overall performance in environmental and social areas from January 1, 2018, to December 31, 2018[177] - The group is committed to sustainable development by integrating economic, social, and environmental well-being into business decision-making[177] - The Group emitted 14,106 kg of carbon dioxide equivalent greenhouse gases in 2018, an increase of 11% from 12,666 kg in 2017[195] - The Group has implemented energy-saving measures, including the installation of energy-saving lighting systems and optimizing air-conditioning settings[189] Shareholder Engagement - The company encourages shareholder proposals at general meetings and ensures separate resolutions for substantial issues[171] - Shareholders holding at least one-tenth of the paid-up capital can requisition a special general meeting[170] - The company maintains open communication with investors and welcomes suggestions from stakeholders[168]
新确科技(01063) - 2018 - 年度财报