Financial Performance - The Group reported a consolidated net loss attributable to shareholders of approximately HK$44.1 million for the year ended 31 December 2022, compared to a loss of HK$22.6 million in 2021, resulting in a loss per share of approximately HK$0.16[10]. - The Group experienced a net realized loss of approximately HK$47.0 million on listed equity investments, compared to a gain of HK$3.0 million in 2021[12]. - The Group reported an unrealized gain of approximately HK$29.9 million on listed equity investments, up from HK$9.0 million in 2021[12]. - The Group incurred a net realized loss of approximately HK$47.0 million on the disposal of listed securities, primarily due to a loss of approximately HK$46.8 million from Legendary Group Limited[34]. - The Group's total loss on listed securities for the year was approximately HK$17.1 million[34]. - The consolidated net asset value per share decreased to HK$0.66 as of December 31, 2022, down from HK$0.79 in 2021, based on net assets of approximately HK$185.1 million compared to HK$217.0 million in 2021[44]. - The Group's gearing ratio increased to 0.8% as of December 31, 2022, from 0.3% in 2021, calculated based on total liabilities divided by total assets[45]. - The Group reported a loss for the year ended December 31, 2022, with no interim or final dividends recommended for the year[98]. Investment Portfolio - The Group's investment portfolio as of 31 December 2022 included listed shares in 30 companies valued at HK$118.9 million, representing approximately 64.2% of the Group's consolidated net asset value[18]. - The Group also held an unlisted bond investment in a listed company valued at HK$17.1 million, accounting for approximately 9.2% of the Group's consolidated net asset value[18]. - The Board plans to maintain a diversified investment portfolio covering various sectors, including finance, consumer goods, media, construction, and mining[17]. - The Group's investment in AMCO was valued at approximately HK$17.1 million as of December 31, 2022, with a decrease of approximately HK$3.8 million in bond investment value during the year[24]. - WLS Holdings reported an audited consolidated loss of HK$12.0 million for the year ended April 30, 2022, with the fair value of the Group's investment in WLS representing approximately 25.7% of total assets[28]. - SEEC Media recorded an audited consolidated loss of HK$40.1 million for the year ended December 31, 2021, with the fair value of the Group's investment in SEEC accounting for approximately 5.8% of total assets[29]. - Asia Grocery reported an audited consolidated loss of HK$2.1 million for the financial year ended March 31, 2022, with the fair value of the Group's investment in Asia Grocery representing approximately 5.7% of total assets[33]. Market Conditions - The Dow Jones Industrial Index dropped by approximately 8.8% from 36,338 points at the end of 2021 to 33,147 points at December 31, 2022, while the Hang Seng Index decreased by approximately 15.5% from 23,397 points to 19,781 points during the same period[61]. - The Federal Reserve raised the target range for the fed funds rate by 50bps to 4.25%-4.5% in December 2022, marking the seventh consecutive rate hike[66]. - Credit Suisse reported an annual loss of CHF 7.3 billion, the largest loss since the 2008 global financial crisis[72]. - The EU's GDP growth for 2022 is estimated at 3.5%, with projections of 0.8% growth in 2023 and 1.6% in 2024[67]. - Headline inflation in the EU is forecasted to decrease from 9.2% in 2022 to 6.4% in 2023 and 2.8% in 2024[67]. - Daily new COVID-19 cases in China increased from double digits in early 2022 to over 99 million cases in March 2023[76]. Corporate Governance - The Company has adopted principal corporate governance practices, detailed on pages 28 to 51 of the report[124]. - The Company has complied with all code provisions set out in the Corporate Governance Code for the year ended December 31, 2022, except for code provision C.2.1[169]. - The Board consists of one executive director, two non-executive directors, and three independent non-executive directors, ensuring a diverse and professional composition[177]. - All independent non-executive directors have confirmed their independence in accordance with Rule 3.13 of the Listing Rules[182]. - The Company has adopted the Model Code for Securities Transactions by Directors, and all directors have confirmed compliance for the year[176]. - The Board is committed to ongoing enhancement of corporate governance standards to safeguard shareholder interests and enhance corporate value[168]. Employee and Management - The Group maintained a stable workforce of 15 employees as of December 31, 2022, with no significant changes in the remuneration policy[52]. - The Company has provided competitive remuneration and career advancement opportunities for employees, with annual performance reviews reflecting contributions[109]. - The company secretary continuously updates all directors on the latest developments regarding listing rules and regulatory requirements[200]. - The company encourages directors to attend relevant training courses to stay abreast of changes in laws and regulations[200]. Future Outlook and Strategy - The company plans to adopt a conservative investment approach to enhance shareholder value amid uncertain global investment signals[77]. - The company is investing in the development of new technologies, with a budget allocation of $5 million for R&D in the upcoming year[90]. - Harbour Digital Asset Capital Limited plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[90]. - The company is exploring potential acquisitions to enhance its service offerings, with a focus on fintech startups[90]. - A new digital asset management platform is set to launch in Q3 2023, expected to increase operational efficiency by 30%[90]. - The board of directors emphasized the importance of sustainable growth strategies in their future business plans[90].
港湾数字(00913) - 2022 - 年度财报