Financial Performance - The Group's revenue for the year ended 31 December 2022 was reported at HKD 100 million, representing a decrease of 15% compared to the previous year[5]. - The Group's total revenue for the Year was approximately HK$106,028,000, representing a decrease of approximately 7.4% compared to HK$114,535,000 in 2021[63]. - The revenue from the Software Business was approximately HK$85,770,000, a decrease of about 2.3% compared to HK$87,800,000 in 2021[31]. - Revenue from the Corporate Management Solutions and I.T. Contract Services Business was approximately HK$15,169,000, a decrease of approximately 42.9% from HK$26,579,000 in 2021[46]. - Revenue from the B2C Online Sales Platform and B2B Product Trading Business was approximately HK$5,089,000, significantly up from approximately HK$156,000 in 2021[47]. - The Group's gross profit decreased by approximately 3.2% to approximately HK$72,812,000 from approximately HK$75,200,000 in 2021[65]. - The net loss attributable to owners of the Company was approximately HK$8,059,000 for the Year, an improvement from a net loss of approximately HK$18,197,000 in 2021[74]. - The Securities Investment Business incurred a segment loss of approximately HK$6,517,000, compared to a loss of approximately HK$5,853,000 in 2021[55]. Business Segments - The software business segment, operated by Boom Max Group, contributed significantly to the Group's revenue, with a focus on cybersecurity and computer optimization solutions[18]. - The Corporate Management Solutions and I.T. Contract Services Business recorded a profit of approximately HK$1,373,000, a turnaround from a loss of approximately HK$1,561,000 in 2021, attributed to effective cost control[46]. - The B2C Online Sales Platform and B2B Product Trading Business incurred a loss of approximately HK$3,806,000, an increase of approximately 4.2% compared to a loss of approximately HK$3,654,000 in 2021[47]. Future Outlook and Strategy - Future outlook remains cautiously optimistic, with the Group aiming for stable business growth and sustainable returns for shareholders[23]. - The Group plans to expand its customer base to improve financial performance in the I.T. services segment, which has faced challenges due to pandemic effects and competition[14]. - The Group will continue to explore new business opportunities while balancing risk and return effectively[23]. - The company plans to continue developing new upgrades to its software products to keep pace with the latest technology trends and enhance user experience[34]. - The company is focusing on expanding its distribution channels in emerging markets, particularly in the Asia-Pacific region, while reinforcing its sales and marketing efforts[41]. Financial Position - As of December 31, 2022, the Group had cash and cash equivalents of approximately HK$71,222,000 and a net current asset value of approximately HK$88,289,000[71]. - The Group's total assets amounted to approximately HK$301,537,000, a slight decrease from approximately HK$309,511,000 in the previous year, while total liabilities were approximately HK$55,672,000, down from approximately HK$57,033,000[80]. - The gearing ratio as of December 31, 2022, was approximately 18.5%, compared to 18.4% in the previous year[80]. - The Group's borrowings amounted to approximately HK$600,000, with an interest rate of 12% per annum, repayable within one year[79]. - The Group had undrawn banking facilities of approximately HK$304,000 as of December 31, 2022, compared to approximately HK$206,000 in the previous year[83]. Risk Management - The Group continues to manage foreign currency risk by monitoring exchange rate movements and may use hedging derivatives as appropriate[91]. - The management is responsible for monitoring operational risks and implementing the Group's risk management policies[98]. - The Directors continue to monitor the overall level of credit exposure to minimize credit risk[108]. - The Group has sufficient working capital to meet its obligations for at least the next 12 months[95]. Corporate Governance - The Company held 7 Board meetings during the Year to review business performance and approve overall strategies and policies[142]. - The positions of Chairman and Chief Executive Officer were held by different individuals, ensuring effective leadership and management[149]. - The Company complied with GEM Listing Rules, maintaining at least three independent non-executive Directors on the Board[155]. - The Board is committed to assessing the independence of Directors annually, ensuring compliance with relevant guidelines[154]. - The Company has established transparent procedures for the appointment of new Directors[160]. Employee and Remuneration Policies - As of December 31, 2022, the Group had 22 employees, a decrease from 29 employees as of December 31, 2021[112]. - Total staff costs for the Group during the year were approximately HK$16,136,000, compared to approximately HK$15,755,000 in 2021, reflecting an increase of about 2.4%[112]. - The remuneration policy emphasizes equality, motivation, and performance, with annual reviews of remuneration packages[112]. - The Group has a share option scheme in place to reward and motivate employees[112]. Audit and Compliance - The total fee paid to the Company's auditor for audit services was HK$1,000,000, and for non-audit services was HK$460,000, totaling HK$1,460,000[194]. - The Directors acknowledge their responsibility for preparing the annual report and financial statements in accordance with the Hong Kong Companies Ordinance and applicable accounting standards[180]. - The Group's risk management and internal control systems are reviewed at least annually to ensure effectiveness in achieving business objectives[198].
智易控股(08100) - 2022 - 年度财报