Financial Performance - Revenue for the year ended December 31, 2022, was HK$18,898,000, a decrease of 19.5% compared to HK$23,427,000 in 2021[9] - The company reported a loss before tax of HK$12,902,000 for 2022, compared to a profit of HK$2,683,000 in the previous year[9] - Loss attributable to owners of the company for 2022 was HK$14,308,000, a significant decline from a profit of HK$3,641,000 in 2021[9] - The Group recorded a revenue of approximately HK$18.90 million for the year ended 31 December 2022, a decrease of approximately 19.33% compared to HK$23.43 million in 2021[27] - Net loss attributable to shareholders was approximately HK$14.31 million for 2022, compared to a profit of HK$3.64 million in 2021[27] - Loss per share was approximately 1.25 HK cents for the year ended 31 December 2022, down from earnings of 0.32 HK cents per share in 2021[28] - The group's turnover decreased to approximately HK$18.90 million for the year ended 31 December 2022, down from HK$23.40 million for the year ended 31 December 2021, representing a decline of approximately 19.57%[58] Assets and Liabilities - Total assets as of December 31, 2022, were HK$414,437,000, down from HK$441,761,000 in 2021, representing a decrease of 6.2%[11] - Total liabilities decreased to HK$11,913,000 in 2022 from HK$12,100,000 in 2021, indicating a reduction of 1.6%[11] - Net assets as of December 31, 2022, were HK$402,524,000, down from HK$429,661,000 in 2021, reflecting a decrease of 6.3%[11] - The group's net asset value was approximately HK$402.54 million, a decrease from HK$429.66 million in 2021[103] - The fair value of investment properties decreased by HK$0.90 million for the year ended 31 December 2022, compared to an increase of HK$2.00 million for the year ended 31 December 2021[51] - As of December 31, 2022, the Group's investment properties were revalued at HK$234.90 million[188] Liquidity and Capital Structure - The Group's liquidity ratios showed a current ratio of 3.82, down from 4.83 in the previous year[27] - The liquidity ratio was 3.82, compared to 4.83 in the previous year, indicating a decrease in liquidity[97] - The group's net cash balance as of December 31, 2022, was approximately HK$39.73 million, down from HK$49.52 million in 2021[97] - The total share capital of the Company as of December 31, 2022, was HK$898,839,029, divided into 1,145,546,000 ordinary shares[92] - The group had no bank loans or other borrowings as of December 31, 2022, consistent with 2021[107] Operational Performance - The average daily room rate decreased by 4.39% to HK$305 in 2022 from HK$319 in 2021[27] - The hotel occupancy rate dropped to 25.61% in 2022, down 29.95% from 36.56% in 2021[27] - Accommodation revenue for the star-rated hotel was approximately HK$6.20 million, representing a decrease of approximately 39.12% over the corresponding period of 2021[71] - Catering revenue increased to approximately HK$6.24 million, accounting for approximately 43% of the hotel business turnover, up from 33% in the same period last year[73] - Hotel room rental revenue was approximately HK$6.2 million, a decrease of about 39.12% compared to the same period last year due to weak domestic tourism[75] - Rental income from properties in Hong Kong was approximately HK$4.51 million, a decrease of about 12% compared to the same period last year[81] Management and Governance - Mr. Yang Liyu was appointed as the General Manager and Executive Director in June 2022, responsible for the overall strategic planning and management of the Company[137] - Mr. Zhang Jianmin joined as an Executive Director in June 2022, assisting the General Manager in daily operations[142] - The Company has a strong management team with over 30 years of experience in finance and management, including Mr. Zhang's previous roles in various financial institutions[143] - The Company emphasizes the importance of international perspectives and strong management experience in its leadership team, particularly with Mr. Yang's background in Hong Kong[138] - The leadership changes in June 2022 reflect a strategic shift towards enhancing operational efficiency and governance[159] Future Outlook and Strategy - The company has not provided specific guidance for future performance in the current report[8] - There are no updates on new product developments or market expansion strategies mentioned in the financial summary[8] - The Group plans to strengthen overall planning and coordination, focusing on the green environmental protection industry and cultural tourism for long-term development[30] - The Group is actively seeking suitable primary reserve projects to prepare for sustainable development in the next phase amid ongoing market challenges[64] - The Company has no future plans for material investments or capital assets as of December 31, 2022[121] Shareholder Information - The group did not recommend the payment of a dividend for the year ended December 31, 2022[123] - There were no distributable reserves available for shareholders as of December 31, 2022[186] - The Directors do not recommend the payment of a dividend for the year ended December 31, 2022[174] Customer and Supplier Concentration - The Group's five largest customers accounted for approximately 23.41% of total sales in 2022, down from 28.22% in 2021, with the largest customer contributing about 6.56%[182] - Purchases from the Group's five largest suppliers represented approximately 48.14% of total purchases in 2022, a decrease from 65.07% in 2021, with the largest supplier accounting for about 18.34%[183]
闽港控股(00181) - 2022 - 年度财报