Financial Performance - The group's revenue decreased by 17.7% to HKD 22,300,000 in 2022, down from HKD 27,100,000 in 2021[7] - Gross profit fell to HKD 2,600,000, with a gross margin of 11.7%, compared to 12.2% in the previous year[7] - The net profit attributable to the company's owners was HKD 49,300,000, a significant recovery from a loss of HKD 7,300,000 in 2021[7] - Total revenue for the year 2022 was HKD 22,312,000, a decrease of 17.5% from HKD 27,087,000 in 2021[117] - Gross profit for 2022 was HKD 2,626,000, down 20.0% from HKD 3,284,000 in 2021[117] - The company reported a profit attributable to owners of HKD 49,290,000 in 2022, compared to a loss of HKD 7,287,000 in 2021[117] - Basic earnings per share for 2022 was HKD 3.093, a significant improvement from a loss of HKD 0.468 per share in 2021[117] - The company reported a net profit of HKD 49,290,000 for the year, reversing a loss of HKD 7,287,000 in the previous year[125] Assets and Liabilities - Total assets as of December 31, 2022, were HKD 22,200,000, with total liabilities reduced to HKD 17,000,000 from HKD 70,300,000 in 2021[12] - The company's total liabilities decreased significantly, with non-current liabilities including lease liabilities rising slightly from HKD 34,000 in 2021 to HKD 35,000 in 2022[123] - The total equity as of December 31, 2022, is HKD 5,189,000, compared to a total deficit of HKD 47,956,000 in 2021, indicating a significant recovery[123] - Current liabilities decreased significantly to HKD 16,969,000 in 2022 from HKD 70,226,000 in 2021[121] - The company's current liabilities exceeded its current assets by approximately HKD 262,000 as of December 31, 2022[152] Cash Flow and Liquidity - Cash and bank balances increased to HKD 5,000,000 from HKD 1,900,000 in 2021[12] - The company had cash and cash equivalents of HKD 4,960,000 at the end of 2022, an increase from HKD 1,857,000 in 2021[121] - Cash flow from operating activities showed a net outflow of HKD 57,000, an improvement from a net outflow of HKD 4,044,000 in 2021[126] - The company experienced a net cash outflow from operating activities of approximately HKD 57,000 for the year ended December 31, 2022[152] - The board believes that the company will have sufficient working capital to meet its financial obligations for the next 12 months[152] Corporate Governance - The board of directors is committed to high standards of corporate governance, applying the principles and code provisions of the GEM Listing Rules[65] - The board consists of four members with diverse skills in business, finance, accounting, and management, including one executive director and three independent non-executive directors[68] - The company confirmed compliance with relevant laws and regulations, with no known significant non-compliance issues affecting its business operations as of December 31, 2022[63] - The company has adhered to GEM Listing Rules regarding board composition, ensuring that independent directors possess relevant financial management expertise[70] - The company encourages shareholders to attend annual general meetings to engage with the board and provide feedback[86] Risk Management - The company continues to monitor various risks that may impact its operations and financial performance[32] - The company faced risks related to the ongoing impact of the COVID-19 pandemic, which could lead to further negative performance and liquidity constraints[18] - The competitive landscape is challenging due to rising production costs and price fluctuations, which could adversely affect financial performance[20] - The board is responsible for the effectiveness of the risk management and internal control systems, which are regularly reviewed[84] Shareholder Information - The total number of issued shares increased to 28,467,160, up from 15,585,331 in 2021, due to the issuance of new shares[13] - The company did not recommend any dividend distribution for the year ended December 31, 2022, consistent with the previous year[36] - The company has adopted a dividend policy aimed at ensuring continuity, stability, and sustainability, but no dividends were declared for the reporting period[35] - As of December 31, 2022, the company had 28,467,160 shares issued, with a significant shareholder, Perfect Advance Holdings Limited, holding 8,476,364 shares, representing 29.78% of the total equity[53] Environmental and Social Responsibility - The company reported an indirect greenhouse gas emission of 8.0 tons (CO2 equivalent) for the year ended December 31, 2022, an increase of 12.6% from 7.1 tons in 2021[88] - The company's electricity consumption was 9,500 kWh for the year ended December 31, 2022, compared to 8,000 kWh in 2021[91] - The company consumed 36 tons of water for the year ended December 31, 2022, down from 55 tons in 2021[91] - The group has established a healthy and safe working environment, providing employees with masks and sanitizers to reduce the risk of respiratory infections[94] - The group has not made any charitable donations during the year, consistent with the previous year[99] Human Resources - The group employed 9 employees as of December 31, 2022, with compensation determined based on performance, experience, and market conditions[58] - The group emphasizes continuous learning and encourages employees to pursue further education in their areas of expertise[95] - The company has established a comprehensive human resources policy to ensure compliance with employment regulations and promote equal opportunities[93] - The group will continue to strive to provide a friendly working environment for its employees[94] Accounting Policies - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance or position[134] - The company is currently assessing the impact of new accounting standards on its financial statements and existing loan agreements[138] - The new accounting standards related to insurance contracts and liabilities are expected to have no significant impact on the company's financial statements[140] - The company is reviewing its accounting policy disclosures to ensure compliance with the revised standards[142]
曼妠(08186) - 2022 - 年度财报