Financial Performance - For the year ended December 31, 2021, the company reported a loss from continuing operations of HKD 601,055,000, compared to a loss of HKD 289,147,000 in 2020, indicating an increase in losses of approximately 107.5%[3] - The company recorded a profit from discontinued operations of HKD 98,116,000 for 2021, up from HKD 20,632,000 in 2020, representing a significant increase of 376.5%[3] - The company reported a significant impairment loss on goodwill of HKD 384,667,000 in 2021, which was not present in 2020, highlighting potential challenges in asset valuation[3] Cash Flow Management - The net cash used in operating activities for 2021 was HKD 23,406,000, a decrease from HKD 117,939,000 in 2020, showing an improvement in cash flow management[5] - The company generated net cash inflow from investing activities of HKD 127,882,000 in 2021, compared to HKD 6,792,000 in 2020, reflecting a substantial increase in investment returns[5] - Cash and cash equivalents at the end of 2021 were HKD 24,114,000, down from HKD 31,117,000 at the end of 2020, indicating a decrease of 22.5% in cash reserves[7] Financing Strategy - Total financing cash outflows for 2021 amounted to HKD 118,596,000, compared to an inflow of HKD 19,292,000 in 2020, indicating a shift in financing strategy[7] - The company reported a significant increase in other loan proceeds of HKD 403,081,000 in 2021, compared to HKD 406,907,000 in 2020, indicating ongoing reliance on external financing[7] Operational Efficiency - The depreciation of property, plant, and equipment decreased to HKD 17,006,000 in 2021 from HKD 24,360,000 in 2020, reflecting a reduction in capital expenditures[3] - The company plans to continue focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[9]
泰坦智华科技(00872) - 2021 Q4 - 年度财报