Financial Performance - The company's revenue for the year ended December 31, 2022, was HK$532,358,000, a decrease of 13.5% compared to HK$615,174,000 in 2021[18]. - Gross profit for 2022 was HK$60,069,000, down 48.7% from HK$116,884,000 in the previous year[18]. - The company reported a profit from operations of HK$118,380,000, a significant recovery from an operating loss of HK$14,555,000 in 2021[18]. - Net loss for the year was HK$5,573,000, an improvement compared to a net loss of HK$71,356,000 in 2021[18]. - Finance costs increased to HK$112,380,000 in 2022 from HK$46,909,000 in 2021, reflecting a rise of 139.5%[18]. - EBITDA for the year ended 31 December 2022 was approximately HK$260.6 million, with an EBITDA margin of 48.9%, compared to 16.4% in 2021[74]. - The net loss attributable to owners of the Company was approximately HK$55.7 million for the year ended December 31, 2022, a decrease of approximately HK$7 million or 11.2% year-on-year[68]. - The Group recognized an impairment loss of approximately HK$36.2 million on goodwill related to the acquisition of Guangdong Bluesea Mobile Development Company Limited due to updated business valuation[33]. - The Group completed the disposal of an indirect non-wholly owned subsidiary, resulting in a gain of approximately HK$200 million during the year[68]. Revenue Sources - For the year ended December 31, 2022, the Group's revenue from data centre services was approximately HK$484.4 million, a decrease of approximately HK$120.3 million or 19.9% compared to HK$604.7 million in 2021[40]. - Revenue from self-developed data centers decreased to HK$390.6 million in 2022 from HK$493.7 million in 2021, while revenue from server cabinets leased from third parties fell to HK$93.8 million from HK$111.1 million[43]. - Revenue from other services increased significantly by 361.5% year-on-year to approximately HK$48 million in 2022, up from HK$10.4 million in 2021, mainly due to the completion of several system integration services contracts[46]. Market Conditions and Future Outlook - The overall market conditions remain challenging, impacting revenue and profitability metrics[18]. - The ongoing COVID-19 pandemic has significantly impacted the business environment, leading to a more conservative approach to business expansion among enterprises, including the Group[33]. - The Group is cautiously optimistic about the outlook for the coming years due to the expected increase in demand for high-quality data centers in mainland China as the economy recovers from COVID-19[61]. - The Group's top priorities for 2023 include increasing revenue growth and the utilization rate of its data centers[62]. Assets and Liabilities - Non-current assets as of December 31, 2022, were HK$3,119.2 million, a decrease from HK$4,023.4 million in 2021[20]. - Current assets increased to HK$723.2 million in 2022 from HK$415.9 million in 2021[20]. - The Group's net current liabilities improved to HK$1,101.7 million in 2022 from HK$2,111.5 million in 2021[20]. - As of December 31, 2022, the Group's total assets were approximately HK$3,842.4 million, down from HK$4,439.2 million in 2021, while total liabilities decreased to approximately HK$2,834.2 million from HK$3,380.9 million, resulting in a gearing ratio of approximately 73.8% compared to 76.2% in 2021[82]. - The Group's current assets increased to approximately HK$723.2 million in 2022 from HK$415.9 million in 2021, with current liabilities decreasing to approximately HK$1,824.9 million from HK$2,527.3 million, leading to an improved current ratio of approximately 0.4 times from 0.16 times[81]. Employee and Management Information - The Group's total remuneration for the year ended December 31, 2022, was approximately HK$52.8 million, a decrease from HK$55.1 million in 2021[107]. - As of December 31, 2022, the Group had approximately 246 employees, up from 243 in 2021[110]. - The Directors review employee remuneration annually, which includes performance-based bonuses and mandatory provident fund benefits[110]. Legal and Regulatory Matters - The Group's legal disputes have been ongoing since 2018, with significant developments occurring in 2021 and 2022[102]. - The appeal lodged by GZ Gangju is not expected to have any material impact on the operations of Guangzhou Lotus Hill Data Centre and the Group[108]. - The Nansha Court ruled in favor of Weihai Mobile, allowing it to use Building A without any payment obligations[103]. - There was no material breach of applicable laws and regulations by the Group during the year under review[164]. Corporate Governance and Shareholder Information - The Board does not recommend the payment of any dividend for the year ended December 31, 2022[145]. - The Company has no pre-determined dividend distribution ratio, and the declaration of dividends is at the Board's discretion[148]. - The Group aims to maintain good relationships with employees, customers, and suppliers, emphasizing personal development and quality service[165]. - The Company maintained good relationships with employees, customers, and suppliers, focusing on quality service and strategic cooperation[169].
中国新电信(08167) - 2022 - 年度财报