Financial Performance - The net loss attributable to owners of the Company for the year was approximately HK$27.8 million, a decrease from HK$31.1 million in 2021[18]. - Basic and diluted loss per share for continuing operations was approximately HK$0.057, compared to HK$0.084 in 2021[18]. - The Group's total revenue from continuing operations was approximately HK$18.2 million for the year ended 31 December 2022, a decrease from HK$21.2 million in 2021[47]. - The Group's loss for the year attributable to owners was approximately HK$27.8 million, an improvement from a loss of approximately HK$31.1 million in 2021[47]. - The Group's net loss decreased mainly due to the absence of a loss on deconsolidation of subsidiaries of approximately HK$4.1 million and an increase in imputed interest on convertible bonds of HK$1.6 million[18]. Revenue Breakdown - The financial services business recorded a turnover of approximately HK$11.9 million and a segment profit of HK$2.3 million, down from HK$15.4 million and HK$8.5 million respectively in 2021[19]. - Corporate financial advisory services generated revenue of approximately HK$5.2 million, while asset management services generated approximately HK$5.4 million, representing 28.6% and 29.7% of total revenue respectively[20]. - The financial services segment's performance reflects ongoing challenges in the market, impacting overall profitability[19]. - The Group's financial services business generated revenue of approximately HK$11.9 million, down from HK$15.4 million in 2021, with segment profit decreasing from HK$8.5 million to HK$2.3 million[23]. - Corporate consulting business revenue was approximately HK$4.7 million, down from HK$5.8 million in 2021, but segment profit improved from approximately HK$0.2 million to HK$1.9 million[26]. Digital Platform and Innovations - The Company is engaged in financial services, corporate consulting, and digital platform business, including Blockchain-as-a-Service[17]. - The digital platform business, following the acquisition of NOIZChain Limited, recorded revenue of approximately HK$1.6 million and a segment loss of HK$2.5 million for the year[27]. - The digital platform business aims for a compound average annual growth rate of revenue of approximately 38.6% over the next five years, with a pre-tax discount rate of 20.82% used for cash flow projections[70]. - NOIZ provides tailored services to businesses, enabling them to utilize cloud-based solutions for managing applications and smart contracts without developing their own blockchain environments[68]. - The Honio Metaverse, being developed in collaboration with Mapxus, aims to cover around 2,000 landmarks in Japan by 2023 and 5,000 buildings by 2024, with plans to expand into other Asia Pacific markets[34]. Corporate Governance and Management - The Company has maintained compliance with the Corporate Governance Code, with the exception of the deviation regarding the roles of Chairman and Chief Executive Officer being held by the same individual since September 1, 2020[171]. - The Board consists of six members, including three executive Directors and three independent non-executive Directors[190]. - The Group has adopted an Anti-Corruption Policy and a Whistleblowing Policy to promote business integrity and establish a healthy corporate culture[187]. - The Company emphasizes the importance of transparency and accountability to shareholders, aiming to maximize benefits through good corporate governance[168]. - The Group's culture is aligned with its purpose, values, and strategy, promoting integrity and ethical long-term business practices[186]. Financial Position and Capital Management - As of December 31, 2022, the Group recorded cash and bank balances of approximately HK$34.8 million, down from HK$47.7 million in 2021[120]. - The net current assets value as of December 31, 2022, was approximately HK$10.3 million, a decrease from HK$38.9 million in 2021[120]. - The Group's gearing ratio increased to approximately 1.08 as of December 31, 2022, compared to 0.96 in 2021, with total interest-bearing debts of approximately HK$85.1 million[121]. - The Company completed a share subscription on July 7, 2022, issuing 15,000,000 shares at a subscription price of HK$0.21, resulting in gross proceeds of HK$3.15 million[122]. - The intended use of the net proceeds from the share subscription was for general working capital, with approximately HK$800,000 expected to be utilized within two months[126]. Future Outlook and Strategic Initiatives - The Group anticipates a significant increase in demand for governance-related services in the corporate consulting sector in the future[26]. - The Company plans to expand its client base in financial services, focusing on corporate financial advisory, asset management, and money lending services[91]. - The demand for corporate governance services from Hong Kong listed issuers is expected to persist, driven by increased global awareness[92]. - The Company completed the acquisition of NOIZ in the second half of 2022 to capitalize on the growth potential of the Web 3.0 market[83]. - NOIZ Entertainment Limited has entered the entertainment industry with an investment in "Punch Live 2023," a concert held in March 2023, and plans to participate in various events in the Guangdong-Hong Kong-Macao Greater Bay Area[35].
声扬集团(08163) - 2022 - 年度财报