Financial Performance - For the year ended December 31, 2022, the Group recorded a revenue of approximately HK$128.0 million, representing a decrease of approximately 36.0% compared to HK$200.0 million for the year ended December 31, 2021[27]. - Revenue from the clothing and beauty products segment declined by approximately 21.0%, from approximately HK$86.3 million to approximately HK$68.2 million compared to 2021[9]. - For the year ended 31 December 2022, the Group's revenue was approximately HK$128 million, a decrease of about 36.0% compared to the corresponding amount for the year ended 31 December 2021[54]. - The gross profit for the year ended 31 December 2022 was approximately HK$16.0 million, down from approximately HK$25.3 million for the year ended 31 December 2021[53]. - The Group recognized an unrealized loss on financial assets at FVTPL of approximately HK$21.5 million for the year ended 31 December 2022, compared to an unrealized gain of approximately HK$16.7 million in 2021[45]. - The Group recorded a realized gain on financial assets at FVTPL of approximately HK$4.8 million for the year ended 31 December 2022, compared to approximately HK$16,000 in 2021[45]. Assets and Liabilities - As of December 31, 2022, the loan receivables amounted to HK$101 million, maturing on or before December 31, 2023, with no collateral or guarantees[32]. - As of December 31, 2022, the Group had cash on hand of approximately HK$26.9 million, net current assets of approximately HK$203.5 million, total assets of approximately HK$282.2 million, and shareholders' equity of approximately HK$203.2 million[56]. - For the year ended December 31, 2022, the total outstanding loan receivables amounted to HK$101.2 million with an interest rate of 8-10%, all recoverable within one year[56]. - The largest borrower and the five largest borrowers accounted for approximately 22% and 54% of the total loan receivables, amounting to HK$21.8 million and HK$54.6 million respectively[56]. - As of December 31, 2022, the total market value for financial assets at fair value through profit or loss was approximately HK$75.0 million, down from approximately HK$87.3 million in 2021[70]. Business Strategy and Operations - The Group is evaluating different business segments to reposition its strategy in more optimistic areas due to the unpredictable business environment[9]. - The future development in sales of residential telephones and related products is expected to be limited due to technological evolution and changes in consumer behavior[9]. - The financial sector, including securities brokerage and lending businesses, contributed to the Group's revenue during the year[29]. - The Group will continue to seek potential investment and business opportunities to broaden its income stream[10]. - Significant investments include allocations for the development of a virtual asset trading platform, equipment purchases, cloud infrastructure, and employee costs, all to be utilized by 31 December 2024[39][40][41][42]. Environmental, Social, and Governance (ESG) Initiatives - The Group's total greenhouse gas emissions in 2022 were 8.8 tonnes of carbon dioxide equivalent, with a target to maintain or reduce this level by 2023[82]. - The Group has implemented energy-saving measures, including the use of high energy efficiency appliances and encouraging employees to turn off non-essential equipment[91]. - The ESG working group has been established to coordinate ESG initiatives within the Company, supervised by senior management[100]. - The Group has identified key ESG topics as employment, occupational health and safety, training and development, product responsibility, and corporate governance as the highest priority issues[105]. - The Group's primary operations, mainly conducted in offices, result in relatively low emissions, reflecting its commitment to sustainability[111]. Corporate Governance - The Board is responsible for promoting the success of the Company by providing leadership and supervising control of the business[118]. - All independent non-executive Directors have confirmed their independence in accordance with the Listing Rules, ensuring a balanced Board composition[120]. - The Company conducts periodic reviews of its corporate governance practices to ensure compliance with the CG Code[139]. - The Company has adopted a director remuneration policy to provide a fair market level of remuneration to retain and motivate high-quality directors and senior management[190]. - The Board has engaged an external professional party to review the effectiveness of the risk management and internal control systems, covering all material controls including financial, operational, and compliance controls[198].
新确科技(01063) - 2022 - 年度财报