Financial Performance - The company recorded revenue of approximately HKD 117,610,000 for the year ended June 30, 2023, an increase of about 30.61% compared to HKD 90,050,000 in the previous fiscal year[2]. - The loss attributable to the owners of the company was approximately HKD 28,540,000, an improvement from a loss of HKD 32,890,000 in 2022[2]. - The company reported a consolidated loss attributable to owners of HKD 28,541,000 for the year ended June 30, 2023, compared to a loss of HKD 32,892,000 for the previous year, representing a decrease of approximately 10.2%[38]. - For the period ending June 30, 2023, the total revenue was HKD 117,612,000, an increase of 30.7% compared to HKD 90,048,000 in 2022[133]. - The group reported a loss attributable to owners of approximately HKD 28,540,000, an improvement from a loss of approximately HKD 32,890,000 in the previous year[192]. Revenue Segmentation - Revenue from private education services was HKD 27,125,000, while revenue from VR and digital entertainment was HKD 88,813,000, up from HKD 60,475,000 in the previous year[12]. - The company’s revenue from private education services was HKD 27,125,000, while revenue from digital entertainment reached HKD 88,813,000, contributing to a total revenue of HKD 117,612,000[53]. - The revenue from the STEAM education services and VR and digital entertainment segments included approximately HKD 83,990,000 from game product trading, an increase from approximately HKD 54,040,000 in the previous year[181]. - Customer A's revenue increased significantly to HKD 39,671,000 in 2023 from HKD 11,625,000 in 2022, indicating a growth of 241%[83]. Financial Position - The current ratio as of June 30, 2023, was 2.42, while the debt-to-equity ratio was 33.15%[2]. - Total assets increased to HKD 129,164,000 in 2023 from HKD 123,763,000 in 2022, reflecting a growth of about 4.3%[41]. - The company’s total equity decreased to HKD 112,223,000 as of June 30, 2023, from HKD 146,430,000 in 2022, reflecting a decline of 23.3%[136]. - The total amount of outstanding loans and interest as of June 30, 2023, was approximately HKD 3,519,000, a decrease of 66.7% from HKD 10,567,000 in 2022[115]. Expenses and Costs - The company's total employee costs decreased to HKD 27,058,000 in 2023 from HKD 45,975,000 in 2022, reflecting a significant reduction in expenses[65]. - Marketing expenses increased dramatically by approximately HKD 3,010,000 or about 382.34% to approximately HKD 3,800,000, mainly due to the expansion of various marketing activities, including collaboration with a YouTube channel[164]. - Other operating expenses rose by approximately HKD 3,000,000 or about 37.93%, primarily due to increased business entertainment expenses of approximately HKD 1,090,000 compared to the previous fiscal year[166]. - The group recorded financial costs of approximately HKD 2,100,000 for the year, compared to HKD 950,000 in 2022, attributed to lease liabilities and other borrowings[167]. Asset Management - The company’s cash and cash equivalents decreased to HKD 13,862,000 from HKD 14,512,000, a decline of about 4.5%[41]. - The company’s cash and cash equivalents, excluding bank balances, were reported at HKD 111,608,000, down from HKD 145,801,000 in the previous year[136]. - The company’s interest income from loans decreased to HKD 1,674,000 in 2023 from HKD 3,245,000 in 2022, a decline of 48.3%[133]. - The company’s interest income from bank deposits was HKD 4,000 in 2023, compared to no income in the previous year, indicating a potential improvement in cash management[62]. Impairment and Losses - The impairment loss on trade receivables was HKD 3,925,000 for the year ended June 30, 2023, compared to HKD 1,737,000 in the previous year, indicating an increase in credit risk[62]. - The company reported a significant increase in the impairment loss on other receivables amounting to HKD 4,000,000 in 2023, with no such loss reported in the previous year[62]. - The total amount of overdue and impaired receivables as of June 30, 2023, was approximately HKD 3,520,000, down from approximately HKD 10,570,000 in 2022, with a reversal of impairment losses of approximately HKD 7,050,000 recognized during the year[159]. Strategic Focus and Future Plans - The company is evaluating the impact of new accounting standards on its financial statements, indicating a proactive approach to compliance and reporting[24]. - The group aims to expand its business into larger markets and new segments by integrating traditional learning with technology-based learning, enhancing overall effectiveness for students and the company[168]. - The group is committed to becoming a comprehensive education service provider by diversifying and expanding its business in the education sector, responding flexibly to market dynamics and opportunities[168]. - The group anticipates synergistic effects and complementary benefits from new learning models and its diversified business approach, aiming to provide more professional educational support to retail customers and enterprises[168].
源宇宙教育(01082) - 2023 - 年度业绩