Financial Performance - For the year ended December 31, 2021, the company reported a revenue of HKD 18,182,000, a decrease of 1.0% from HKD 127,414,000 in 2020[2] - The gross profit for 2021 was HKD 2,102,000, down from HKD 2,831,000 in 2020, indicating a decline of 25.8%[2] - The operating loss for 2021 was HKD (94,522,000), compared to HKD (343,677,000) in 2020, showing an improvement of 72.5%[2] - The net loss for the year was HKD (106,064,000), a reduction from HKD (348,497,000) in the previous year, representing a 69.6% decrease[3] - The basic and diluted loss per share for 2021 was HKD (19.52), compared to HKD (65.31) in 2020, reflecting a significant improvement[2] - The group reported a pre-tax loss of approximately HKD 83,344,000 for the year ended December 31, 2021, compared to a loss of HKD 278,857,000 in 2020, indicating an improvement of 70%[34] - The total segment loss before tax for the year was HKD 106,064,000, with significant contributions from financial costs and other operational losses[39] - The loss attributable to the company's owners for the year ended December 31, 2021, was approximately HKD 83,344,000, compared to a loss of HKD 278,857,000 for the previous year[55] Assets and Liabilities - Total assets as of December 31, 2021, were HKD 359,538,000, slightly down from HKD 365,585,000 in 2020[5] - The company's cash and bank balances decreased to HKD 1,862,000 from HKD 18,491,000 in the previous year, a decline of 89.9%[5] - The company's equity attributable to owners decreased to HKD 419,429,000 from HKD 483,087,000, a drop of 13.2%[5] - The total liabilities for the group amounted to HKD 221,028,000, with property investment liabilities at HKD 28,462,000 and natural gas liabilities at HKD 9,643,000[39] - The accounts receivable total for the year 2021 was HKD 157,851,000, with a provision for credit losses of HKD 51,885,000, resulting in a net accounts receivable of HKD 105,966,000[43] Revenue Sources - Total revenue from external customers for the year ended December 31, 2021, was HKD 18,182,000, with property investment contributing HKD 2,368,000 and natural gas contributing HKD 15,814,000[39] - Property management fee income increased to HKD 1,057,000 in 2021 from HKD 1,022,000 in 2020, reflecting a growth of 3.4%[18] - Sales of construction materials significantly dropped to HKD 15,814,000 in 2021 from HKD 125,097,000 in 2020, a decline of 87.3%[18] - The group recognized interest income from bank deposits of HKD 5,000 in 2021, down from HKD 307,000 in 2020, a decrease of 98.4%[18] Investment and Future Outlook - The group aims to seek investment opportunities in China to expand its portfolio of investment development projects, focusing on areas with development potential and ideal returns[52] - The group expects stable rental income from its property investments, particularly in the Tianjin area, due to the low interest rate environment and appreciation potential[50] Compliance and Governance - The company has adopted the standard code of conduct for securities trading by directors as outlined in Appendix 10 of the Listing Rules, confirming compliance for the year ended December 31, 2021[69] - The audit committee, composed of three independent non-executive directors, has reviewed the accounting principles and practices adopted by the group, discussing audit, internal control, and financial reporting procedures[70] COVID-19 Impact - The group did not recognize any government subsidies related to COVID-19 for the year ended December 31, 2021, compared to HKD 108,000 in 2020[18] - Due to COVID-19 travel restrictions and quarantine measures in certain regions of China, the annual performance audit for the year ended December 31, 2021, could not be completed[72] Shareholder Information - The group did not recommend any dividend for the year ended December 31, 2021, consistent with the previous year[31] - The board has decided not to recommend any final dividend for the year ended December 31, 2021, consistent with the previous year[67] Financial Ratios - The group has a current liquidity ratio of approximately 1.63 as of December 31, 2021, down from 1.72 in the previous year[57] - The capital debt ratio as of December 31, 2021, was approximately 29%, an increase from 24% in the previous year[57]
中国基建投资(00600) - 2021 Q4 - 年度财报