Financial Performance - The company reported a consolidated revenue of approximately HKD 86 million for the year ended December 31, 2022, a decrease of 13% compared to HKD 99 million for the previous year[12]. - The net loss attributable to the owners of the company was approximately HKD 9.3 million, a 50% reduction from the loss of HKD 18.6 million in the previous year[12]. - The overall gross profit margin decreased from approximately 9% for the year ended December 31, 2021, to approximately 3.2% for the year ended December 31, 2022, primarily due to reduced demand in the financial services segment[61]. - The financial services segment recorded a gross loss margin of approximately 119.4% for the year ended December 31, 2022, compared to a gross loss margin of approximately 16.4% for the previous year[67]. - The company expects a strong rebound in financial performance in the fiscal year 2023, allowing for a more aggressive dividend policy[32]. - The company reported a significant increase in user data, with a growth rate of 25% year-over-year in active users[81]. - The revenue for the last fiscal year reached $500 million, representing a 15% increase compared to the previous year[81]. - The company has outlined a future outlook projecting a revenue growth of 20% for the upcoming fiscal year[81]. Dividends - The company declared a final dividend of HKD 0.015 per share for the year, compared to no dividend in the previous year[12]. - The company proposed a final dividend of HKD 0.015 per share, totaling approximately HKD 4,200,000, subject to shareholder approval[32]. - The board of directors has approved a dividend payout of $0.05 per share, marking a 25% increase from the previous year[81]. Business Environment - The overall business environment in Hong Kong was adversely affected by the ongoing pandemic, cross-border travel restrictions, and rising interest rates, leading to a decline in the Hang Seng Index by 15.5%[12]. - The global economic and business environment remained challenging due to geopolitical tensions and inflationary pressures throughout 2022[15]. - The business activities have shown significant activity since the beginning of 2023, indicating a more positive business environment and potential opportunities[13]. - The company believes that the economic environment will improve significantly, leading to increased service activity and demand[30]. Labor Market and Talent Management - The company plans to focus on attracting, training, and retaining talent to meet business demands amid a shrinking labor market in Hong Kong[13]. - The company experienced a significant increase in labor costs due to a tight labor market, which has been exacerbated by talent outflow from Hong Kong since early 2022[16]. - The company reported a recent unemployment rate of 3.3%, indicating a tight labor market that may pose challenges for future growth[29]. - The company plans to increase resources for talent recruitment, training, and retention to capitalize on future business opportunities[29]. Financial Services Segment - The financial services segment revenue dropped from HKD 13,060,000 (13.2% of total revenue) in 2021 to HKD 6,050,000 (7.0% of total revenue) in 2022, a decrease of approximately 53.6%[52]. - Financial services revenue decreased from approximately HKD 13,100,000 for the year ended December 31, 2021, to approximately HKD 6,100,000 for the year ended December 31, 2022[57]. - Revenue from securities-related financial services dropped from approximately HKD 4,300,000 to approximately HKD 1,200,000, primarily due to a decrease in advisory services related to securities products[57]. - Revenue from asset management-related financial services fell from approximately HKD 5,200,000 to approximately HKD 1,200,000, mainly due to reduced demand for asset management services[57]. - Revenue from credit financial services increased from approximately HKD 3,500,000 to approximately HKD 3,700,000, driven by higher demand for credit financial services[57]. Corporate Governance - The company has complied with all corporate governance code provisions as of December 31, 2022[91]. - The board consists of two executive directors and three independent non-executive directors, ensuring a balanced structure with relevant expertise[93]. - The company has adopted a code of conduct for securities trading by directors, confirming compliance for the fiscal year ending December 31, 2022[92]. - Independent non-executive directors have confirmed their independence in accordance with GEM listing rules[96]. - The company has established procedures for seeking independent professional advice when necessary, with costs covered by the company[101]. - The company has committed to enhancing corporate governance practices to align with international best practices[91]. Environmental, Social, and Governance (ESG) Initiatives - The group is committed to managing environmental, social, and governance (ESG) activities responsibly, aiming for sustainable development and community contribution[155]. - The total greenhouse gas emissions decreased by approximately 22.9% from about 368,973 kg in 2021 to approximately 284,385 kg in 2022[177]. - The total waste emissions increased by 4.5% from about 3,714 g in 2021 to approximately 3,882 g in 2022[174]. - The energy consumption for 2022 was 439,428 kWh, a reduction of about 20.7% from approximately 553,904 kWh in 2021[184]. - The group has identified climate change as a significant risk that could negatively impact financial performance and operations[193]. - The group has established a business continuity plan to minimize potential impacts during crises, including remote working arrangements[195]. Risk Management - The management team has emphasized the importance of risk management, with a new framework implemented to mitigate potential financial risks[81]. - The committee is responsible for monitoring the effectiveness of internal audit procedures and assessing the nature and extent of risks faced by the group[138]. - The internal control system was reviewed twice by the board and the audit committee, confirming its effectiveness and adequacy for the current scale of operations[141].
易通讯集团(08031) - 2022 - 年度财报