Financial Performance - The Group's audited consolidated net loss attributable to shareholders was approximately HK$22.6 million for the year, a decrease from HK$42.4 million in 2020, resulting in a loss per share of approximately HK$0.09 compared to HK$0.20 in 2020[12]. - The Group reported a gain on listed securities of approximately HK$12.0 million, consisting of a net realised gain of approximately HK$3.0 million and a net unrealised gain of approximately HK$9.0 million[40]. - The audited consolidated loss attributable to owners of WLS Holdings Limited for the year ended April 30, 2021, was HK$16,903,000, with an unrealized gain of approximately HK$14.6 million during the year[31]. - SEEC Media reported an audited consolidated loss attributable to owners of HK$40,136,000 for the year ended December 31, 2021, with an unrealized gain of approximately HK$8.2 million during the year[35]. - China e-Wallet reported an audited consolidated loss attributable to owners of HK$41,800,000 for the financial year ended December 31, 2020, with an unrealized loss of approximately HK$1.2 million during the year[36]. - The Group's net current assets amounted to approximately HK$158.5 million as of December 31, 2021, compared to HK$128.9 million in 2020[51]. - The consolidated net asset value per share as of December 31, 2021, was HK$0.79, down from HK$1.03 in 2020[51]. - The Group had no outstanding bank borrowings as of December 31, 2021, maintaining a gearing ratio of 0.3%[51]. Investment Strategy - The Board will maintain a diversified investment portfolio covering various sectors, including finance, consumer goods, media, construction, and mining[20]. - The Group's focus remains on listed investments in Hong Kong while cautiously identifying investment opportunities for medium to long-term capital appreciation[14]. - The Group's investment strategy emphasizes a diversified approach to mitigate risks across different business sectors[20]. - The Group's principal unlisted investments include Keen Champ Investments Limited and Peak Zone Group Limited[22]. - The Group's investment in Keen Champ represented approximately 23.0% of the Group's total assets as of December 31, 2021, with an unaudited consolidated net loss attributable to equity holders of approximately HK$1.2 million for the financial year[27]. - The Group disposed of its investment in Keen Champ for HK$50 million subsequent to the year-end date of December 31, 2021, due to anticipated global lumber consumption decrease[27]. Market Conditions - The liquidity of stock markets worldwide improved during the year, positively impacting the performance of the Group's listed investments[14]. - The Hang Seng Index decreased by approximately 14% in 2021, from 27,231 points at the beginning to 23,398 points at the end of the year[71]. - The Dow Jones Industrial Index rose from 30,606 points at the end of 2020 to 36,338 points by 31 December 2021[71]. - The investment sentiment in the West remained relatively positive despite the challenging economic environment caused by the COVID-19 pandemic[72]. - The negative impact of the Russia-Ukraine War has not yet been reflected in the economic forecasts[81]. Future Outlook - The Board believes that the economic recovery in China (including Hong Kong) will outpace that of the US and Europe[88]. - The company plans to continue investing primarily in China and Hong Kong while monitoring market dynamics[88]. - Future outlook indicates a strategic focus on expanding market presence and enhancing product offerings in the digital asset sector[106]. - The Company aims to leverage its existing user base to drive further growth in digital asset investments[101]. - New product launches are planned to cater to evolving customer needs in the digital finance landscape[106]. Corporate Governance - The Company has complied with all code provisions set out in the Corporate Governance Code for the year ended 31 December 2021, except for provisions A.2.1 and A.4.1[158]. - The roles of chairman and chief executive should be separate, and the Company has not appointed a Chairman since the resignation of Mr. NG Chi Hoi on 1 August 2016[158]. - The Board currently consists of one executive director, two non-executive directors, and three independent non-executive directors, with no directors related to each other[162]. - The Board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific company affairs[176]. - The Audit Committee reviewed the consolidated results for the year ended December 31, 2021, including the audited financial statements[155]. Employee and Environmental Initiatives - The Group had 15 employees as of 31 December 2021, an increase from 14 in 2020, with no significant changes in the remuneration policy[64][65]. - The Group has initiated environmental protection measures, including paper recycling and energy-saving modes on office computers[111]. - The Company has provided employees with opportunities for career advancement and competitive remuneration, with annual performance reviews[111].
港湾数字(00913) - 2021 - 年度财报