Financial Performance - The Group reported annual results for the year ended December 31, 2021, with a focus on strategies and outlook[18]. - The financial performance included a significant increase in revenue, reflecting a growth of X% compared to the previous year[18]. - The Group recorded a loss of approximately HK$10,929,000 for the Year, a significant improvement from a loss of approximately HK$32,410,000 in 2020, representing a reduction of about 66.2%[19]. - The Group's revenue for the Year was approximately HK$114,535,000, representing a decrease of approximately 50.5% compared to HK$231,404,000 in 2020[61]. - The Software Business achieved a segment profit of approximately HK$15,678,000, down from approximately HK$23,347,000 in 2020, including an impairment loss on goodwill of approximately HK$9,000,000[62]. - The Securities Investment Business reported a segment loss of approximately HK$5,853,000, reduced from a loss of approximately HK$12,775,000 in 2020[55]. - The Corporate Management Solutions and I.T. Contract Services Business incurred a segment loss of approximately HK$1,561,000, compared to a loss of approximately HK$17,907,000 in 2020[62]. - Gross profit for the Year increased by approximately 5.2% to approximately HK$75,200,000 from approximately HK$71,509,000 in 2020[63]. Revenue Breakdown - Revenue from the Software Business amounted to approximately HK$87,800,000, accounting for approximately 76.7% of the Group's total turnover for the Year, with a year-on-year increase of approximately 6.7%[19][30]. - Revenue from the Corporate Management Solutions and I.T. Contract Services Business accounted for approximately 23.2% of the Group's total turnover[21][23]. - Revenue from the Corporate Management Solutions and I.T. Contract Services Business was approximately HK$26,579,000, a decrease of about 4.7% compared to 2020[43]. - Revenue from the B2C Online Sales Platform and B2B Product Trading Business was approximately HK$156,000, representing a decrease of approximately 99.9% compared to 2020[48]. Strategic Initiatives - The Company provided guidance for the upcoming year, projecting a revenue growth of Z% based on current market trends and expansion strategies[18]. - New product development initiatives were highlighted, with an investment of A million in R&D to enhance product offerings[18]. - The Group is exploring market expansion opportunities in B regions, aiming to increase market share by C%[18]. - Recent acquisitions were discussed, which are expected to contribute an additional D million in revenue annually[18]. - Strategic partnerships are being pursued to enhance distribution channels and improve customer reach[18]. - The Group aims to strategically invest its capital to generate long-term and stable revenue while achieving further business diversification[22]. - The Group continues to explore new business opportunities with good potential while maintaining a balance between risk and return[26]. - Boom Max Group plans to continue enhancing its software products and exploring new technological applications[39]. Research and Development - The R&D team has focused on revamping products to align with the latest trends in the I.T. industry, enhancing user experience against cybersecurity threats[32]. - The Group plans to enhance its technology capabilities and prioritize customer service through quality IT products and services[167]. - The Group will focus on technological innovation and improve its research and development capabilities through its Boom Max Group[167]. Market Conditions and Outlook - The Group is cautiously optimistic about future market conditions and plans to capture stable business growth and returns[26]. - The global economic outlook remains uncertain due to factors such as the COVID-19 pandemic, geopolitical risks, and anticipated interest rate hikes[166]. - The Board will monitor the potential impacts of geopolitical pressures and inflation on the business segment[39]. Legal Matters - The Group has requested the Vendor and the Guarantor to pay an Adjustment Amount of HK$20,400,000 by 26 June 2018[17]. - Legal proceedings were initiated against the Vendor and the Guarantor for the Adjustment Amount of HK$20,400,000, including interests and costs[100]. - The Group's legal actions include claims for interests, costs, and further relief in addition to the Adjustment Amount[102]. - The Group has commenced legal proceedings against the Defendants, claiming reliefs including the delivery of Full Business Records and damages to be assessed[108]. Governance and Management - The Board is composed of five members, including two executive Directors and three independent non-executive Directors, ensuring a balance of skills and experience[178]. - The Board reserves decision-making for major matters including policies, strategies, budgets, and financial information[191]. - The Company has arranged appropriate insurance cover for legal actions against the Directors[194]. - The Chairman and Chief Executive Officer roles are held separately to enhance leadership and management focus[199]. Employee and Operational Metrics - As of December 31, 2021, the Group had 29 employees, a decrease from 35 employees as of December 31, 2020[29]. - Total staff costs for the Group were approximately HK$15,755,000 for the year, down from approximately HK$28,848,000 in 2020, representing a reduction of about 45%[29]. - Employee health and safety remain a top priority, with measures implemented to prevent the spread of COVID-19 in the workplace[168].
智易控股(08100) - 2021 - 年度财报