Financial Performance - The company recorded a loss attributable to equity holders of approximately HKD 24.1 million for the year ended December 31, 2022, compared to a loss of HKD 4.8 million in 2021, representing an increase in loss of approximately 400%[8]. - The loss per share for 2022 was HKD 0.0088, compared to HKD 0.0021 in 2021, indicating a significant decline in performance[8]. - The company experienced an unrealized fair value loss on listed securities of approximately HKD 9.71 million in 2022, compared to HKD 5.92 million in 2021, and realized losses of HKD 10.48 million in 2022, compared to a gain of HKD 1.77 million in 2021[8]. - For the year ended December 31, 2022, the company's revenue was HKD 1,833,791, a decrease of 16.8% compared to HKD 2,203,955 in 2021[73]. - The company reported a loss attributable to shareholders of HKD 24,097,700 for 2022, compared to a loss of HKD 4,781,495 in 2021, indicating a significant increase in losses[73]. - Total assets as of December 31, 2022, were HKD 103,520,967, down from HKD 128,340,397 in 2021, reflecting a decrease of approximately 19.3%[73]. - The company's total liabilities decreased to HKD 1,004,567 in 2022 from HKD 1,726,297 in 2021, a reduction of about 42.0%[73]. - The company's net asset value was HKD 102,516,400 as of December 31, 2022, down from HKD 126,614,100 in 2021, representing a decline of approximately 19.0%[73]. - The company's distributable reserves as of December 31, 2022, amounted to approximately HKD 75,092,000, down from HKD 89,693,000 in 2021[75]. Investment Strategy - The company has reallocated approximately HKD 17.5 million from the proceeds of a placement for general working capital, with the remaining amount intended for potential investments in China or other suitable business opportunities[11]. - The company plans to continue diversifying its business and managing risks through prudent investment strategies in 2023, exploring new potential investment areas while being cautious[15]. - The company aims to identify undervalued investment opportunities across different industries and regions to enhance shareholder returns[15]. - The company has maintained its investment policy since 2014, focusing on short to medium-term capital appreciation through investments in listed and unlisted companies in Hong Kong and China[78]. - The company will not own or control more than 30% of voting rights in any company, nor make investments exceeding 20% of its net asset value[81]. Shareholder Information - The board has resolved not to recommend any final dividend for the year ended December 31, 2022, consistent with the previous year[31]. - The company did not declare a final dividend for the year ended December 31, 2022, and there was no interim dividend declared during the year[69]. - As of December 31, 2022, major shareholders owning 5% or more of the company's shares include倍搏環球資產管理有限公司 with 504,410,000 shares (18.44%) and Mass Trade Global Limited with 455,880,000 shares (16.67%)[92]. - The total number of shares held by Sharp Years Limited is 254,500,000, representing 9.3% of the total issued share capital[92]. - The total number of shares held by Fame Image Limited is also 254,500,000, which is equivalent to 9.3% of the total issued share capital[92]. Corporate Governance - The company has established an audit committee to review and supervise the financial reporting process and internal control systems[101]. - The company has adopted the standard code of conduct for securities transactions as per the listing rules, and all directors confirmed compliance during the period[103]. - The company has confirmed that there are no interests held by directors in any competing businesses[95]. - The company maintains a public shareholding percentage exceeding 25% of its total issued shares[111]. - The board of directors includes both executive and independent non-executive members, ensuring governance and oversight of the company's operations[83]. Economic Outlook - The global economic outlook remains challenging due to high inflation, geopolitical tensions, and the ongoing impact of the COVID-19 pandemic, particularly affecting the real estate market in China[14]. - The company anticipates that the Chinese government will introduce more measures to boost confidence in the real estate sector as the economy reopens in 2023[14]. - The company acknowledges significant economic risks, including potential recessions that could impact revenue and profitability[108]. Employee Welfare and Development - Employee welfare is prioritized, with a focus on providing a fair working environment and opportunities for career development[142]. - The company offers various paid leave options, including annual leave, sick leave, maternity leave, and study leave, to support work-life balance[143]. - Regular reviews of compensation and benefits are conducted based on company performance and market information to reward employee contributions[142]. - The company prioritizes internal promotions over external hiring to foster employee growth and development[154]. - The company provides health insurance and competitive benefits to employees, ensuring compliance with labor health regulations[147]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to high levels of corporate governance, with a dedicated committee overseeing environmental, social, and governance (ESG) matters[118]. - The company has established an ESG working group to monitor and implement relevant policies and measures[126]. - The company’s board is responsible for ensuring the integrity of the ESG report and its alignment with stakeholder expectations[119]. - The company emphasizes the importance of stakeholder engagement to identify potential risks and opportunities[127]. - The company actively participates in environmental initiatives, such as recycling programs and awareness campaigns related to climate change[200]. Risk Management - The company has a business contingency plan to protect against potential threats and risks from emergencies or disasters[145]. - The company is enhancing its risk assessment processes to include environmental, social, and governance (ESG) factors, which will help manage reputation risks related to investments[197]. - The company anticipates higher legal risks due to increased disclosure requirements related to ESG performance, necessitating regular monitoring of relevant laws and regulations[197].
鼎立资本(00356) - 2022 - 年度财报