Financial Performance - The total revenue for the fiscal year 2022 was approximately HKD 47.2 million, a decrease of about 31.60% compared to HKD 69.1 million in 2021[15]. - The direct costs and operating expenses for the year were approximately HKD 21.1 million, down about 32.95% from HKD 31.5 million in 2021[16]. - The gross profit for the year was approximately HKD 26.1 million, a decrease of about 30.47% from HKD 37.6 million in 2021, with a gross margin of 55.35%[17]. - Selling expenses were approximately HKD 12.6 million, a reduction of about 40.76% from HKD 21.3 million in 2021[18]. - Administrative expenses were approximately HKD 23.8 million, down about 36.38% from HKD 37.4 million in 2021, attributed to cost control measures[19]. - The net loss from continuing operations for the year was approximately 13,814,000 HKD, significantly improved from 73,409,000 HKD in 2021[24]. - The group's financing costs for the year were approximately 3,330,000 HKD, a decrease from 4,189,000 HKD in 2021[23]. Assets and Liabilities - The total assets as of December 31, 2022, were approximately 168,637,000 HKD, down from 214,813,000 HKD in 2021[29]. - The total liabilities as of December 31, 2022, were approximately 72,517,000 HKD, reduced from 83,107,000 HKD in 2021[29]. - The current ratio as of December 31, 2022, was approximately 1.72, slightly down from 1.80 in 2021[29]. - The cash and bank balance as of December 31, 2022, was approximately 81,742,000 HKD, compared to 110,743,000 HKD in 2021[30]. - The debt-to-equity ratio as of December 31, 2022, was approximately 139%, up from 125% in 2021[31]. Business Operations - The healthcare and medical business faced challenges due to market competition and increased operating expenses related to pandemic response measures[10]. - The beauty and fitness business performance remained weak due to changes in consumer behavior during the pandemic, leading to temporary closures of beauty salons in Shenzhen[11]. - The company continues to primarily engage in providing healthcare and medical services, as well as beauty and fitness products and related services[57]. - The company has not made any acquisitions or significant market expansions during the reporting period[58]. Stock Options and Dividends - The new stock option plan approved on June 26, 2019, allows the company to grant options for up to 147,326,614 shares, representing 10% of the issued shares at the time of approval[40]. - As of December 31, 2022, there were no unexercised stock options under the new stock option plan, with a maximum of 29,465,322 shares available for grant, equating to 4.47% of the current issued share capital[40]. - The company did not recommend any dividend for the year, consistent with the previous year[43]. - The company reported zero distributable reserves for the year ended December 31, 2022, consistent with the previous year[63]. Governance and Compliance - The board of directors includes independent non-executive directors who have confirmed their independence annually[76]. - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements and confirmed compliance with applicable accounting standards[95]. - The company has established an internal audit function with the assistance of an external consultant, which will regularly report to the audit committee on the adequacy and effectiveness of the group's risk management and internal control systems[100]. - The board consists of two executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balanced distribution of expertise across various business and professional fields[105]. Environmental and Social Responsibility - The company emphasizes sustainability and environmental responsibility in its operations, implementing green office measures[92]. - The company aims to reduce its greenhouse gas emissions by 5% from 2021 levels by 2026, in line with China's 14th Five-Year Plan for low-carbon development[176]. - The company has established a waste classification system to improve recycling efforts and reduce waste generation[181]. - The company has implemented measures to control emissions, including compliance with the latest vehicle emission standards[173]. Employee and Workplace Safety - The company strictly adheres to various labor laws and regulations, ensuring a safe and equitable work environment for all employees[189]. - There were no reported incidents of workplace fatalities or injuries resulting in lost days over the past three years, including the reporting year[199]. - The company provides comprehensive health and safety training, including emergency drills for all employees[199]. - All employees are provided with adequate protective equipment, such as masks and gloves, to maintain health standards[198].
格林国际控股(02700) - 2022 - 年度财报