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数盟资本(08375) - 2022 - 年度财报
DATA UNION CAPDATA UNION CAP(HK:08375)2023-03-30 08:31

Financial Performance - Revenue from industrial aluminum electrolytic capacitors decreased by approximately HKD 35.4 million to about HKD 69.6 million for the year ended December 31, 2022, compared to approximately HKD 105.0 million for the year ended December 31, 2021[9]. - Revenue from the trading of electronic components dropped from approximately HKD 27.4 million to about HKD 16.8 million for the same periods[9]. - The net loss increased from approximately HKD 0.2 million to about HKD 5.6 million, primarily due to a fair value loss of approximately HKD 1.6 million on equity investments and impairment losses of about HKD 4.2 million on property, plant, and equipment[11]. - The group recorded an annual loss of approximately HKD 18.5 million for the year ended December 31, 2022, compared to a profit of about HKD 5.1 million for the year ended December 31, 2021, mainly due to a decrease in revenue and gross profit of approximately HKD 46.1 million and HKD 18.2 million, respectively[13]. - The company's revenue decreased by approximately 34.8% from about HKD 132.5 million for the year ended December 31, 2021, to about HKD 86.4 million for the year ended December 31, 2022[184]. - Sales from self-manufactured industrial aluminum electrolytic capacitors dropped from approximately HKD 105.0 million to about HKD 69.6 million during the same period[187]. - The gross profit fell from approximately HKD 23.3 million to about HKD 5.1 million, indicating a significant decline in profitability[187]. - The company's sales costs decreased from approximately HKD 109.2 million to about HKD 81.3 million, a decline of about 25.5%[190]. - Administrative expenses increased from approximately HKD 13.9 million to about HKD 16.2 million, reflecting an increase of about HKD 2.3 million[192]. - The company recorded a basic loss per share of approximately HKD 6.71 for the year ended December 31, 2022, compared to a basic earnings per share of approximately HKD 2.56 for the previous year[193]. - As of December 31, 2022, the company's cash and cash equivalents, along with restricted bank deposits, amounted to approximately HKD 42.2 million[194]. - The board did not recommend a final dividend for the year ended December 31, 2022, but proposed a special dividend of HKD 0.035 per share for the nine months ended September 30, 2022, totaling HKD 10.08 million[184]. Debt and Financing - As of December 31, 2022, the total interest-bearing borrowings amounted to approximately HKD 13.3 million, down from HKD 14.8 million in 2021[15]. - The group's debt-to-equity ratio was 0.14 as of December 31, 2022, compared to 0.15 in 2021[15]. - The company issued 96,000,000 shares at a subscription price of HKD 0.21 per share, raising net proceeds of approximately HKD 18.6 million through a rights issue[16]. - The company had pledged leasehold land and buildings with a book value of approximately HKD 4.4 million as collateral for bank financing as of December 31, 2022[44]. - The company incurred audit fees of HKD 580,000 for the annual audit and additional non-audit fees totaling HKD 116,300, bringing the total fees to HKD 696,300 for the year[141]. Corporate Governance - The board of directors consists of five members, including two executive directors and three independent non-executive directors, complying with GEM listing rules[61]. - The company has adopted a code of conduct for securities trading to ensure compliance with insider trading regulations, with no known violations reported[34]. - The company aims to provide satisfactory and sustainable returns to shareholders while maintaining high ethical business standards[58]. - The board conducts annual assessments of its independence and discusses improvement action plans as necessary[37]. - The company has established a corporate governance framework and policies to enhance the board's governance capabilities and oversight of business conduct[59]. - The company is committed to regularly reviewing and improving its corporate governance practices based on the latest developments in corporate governance[33]. - The Audit Committee consists of three independent non-executive directors, with Mr. Huang Wei Liang appointed as the chairman[72]. - The company received an annual confirmation from its controlling shareholders, confirming compliance with non-competition agreements[74]. - The Nomination Committee held one meeting during the year ended December 31, 2022, to review the board's structure, size, and composition, and found satisfactory progress in achieving diversity goals[79]. - The board currently consists of 5 directors, with 4 male and 1 female, and includes 2 executive directors and 3 independent non-executive directors[82]. - The company aims to maintain appropriate diversity in its board composition to align with business development needs[81]. - The company has established a formal and transparent process for determining the remuneration policies for all directors and senior management[74]. - The company will consider setting measurable targets to implement its board diversity policy and will review these targets periodically[83]. - The senior management's remuneration range for the year ended December 31, 2022, is documented, reflecting the company's commitment to transparency in compensation[89]. - The Audit Committee held four meetings during the year ended December 31, 2022, to review the company's financial performance and reporting, including the annual financial results for the year ended December 31, 2021, and quarterly results for the periods ending March 31, 2022, and September 30, 2022[94]. - The company has established a target for female directors and employees, aiming for at least 20% and 44% representation, respectively, which is currently deemed satisfactory[107]. - The company has engaged an independent internal control consultant to provide internal audit functions and conduct annual reviews of the internal control system's adequacy and effectiveness[113]. - The Audit Committee reviewed the audited consolidated financial statements for the year ended December 31, 2022, and the independent auditor's report, which were subsequently presented to the Board for approval[95]. - The company has implemented procedures to identify, handle, and disclose inside information, ensuring strict prohibition of unauthorized access and use of data[115]. - The company has adopted a whistleblowing policy allowing employees and associated individuals to confidentially report any misconduct to the Audit Committee[114]. - The Board confirmed its responsibility for the preparation of the financial statements for the year ended December 31, 2022[117]. - The Nomination Committee reviewed the Board's structure, size, and composition, as well as the diversity policy, and made recommendations for the re-election of directors at the upcoming annual general meeting[101]. - The Audit Committee's main responsibilities include assisting the Board in reviewing financial information, risk management, and internal control systems[92]. - The company has established a diversity policy for the Board, recognizing the benefits of a diverse Board as a key element in maintaining competitive advantage[101]. - The external auditor, Tianzhi Hong Kong CPA Limited, was appointed, and the total fees for audit and non-audit services provided by them and their affiliates amounted to an undisclosed total as of December 31, 2022[118]. - The company has established a shareholder communication policy to ensure that shareholder opinions and concerns are properly addressed, with satisfactory implementation results[125]. - The board has reviewed the company's corporate governance policies and practices, ensuring compliance with legal and regulatory requirements[133]. Strategic Focus - The company is focusing on capital investment to develop next-generation electronic components for electric vehicles and artificial intelligence[4]. - The group is restructuring its management framework to enhance flexibility and is considering tightening operational cost controls[7]. - The company is implementing a more aggressive pricing strategy to increase market share in its core markets[6]. - The company plans to develop high-quality products to meet market needs and will closely monitor future market trends[188]. - The company has maintained a solid financial position with positive net cash status and sufficient resources for future capital expenditures[188]. - The company relies heavily on the Chinese market for revenue generation, indicating a significant market dependency[159]. - The company has undergone a restructuring process to prepare for its initial listing on the GEM, with Vertical Technology (B.V.I.) Limited established as the holding company[171]. - The company emphasizes maintaining good relationships with customers, suppliers, and stakeholders to achieve short-term and long-term goals[162]. - The company has a quality assurance framework in place for procurement, ensuring the quality and reliability of materials and services from suppliers[163]. - The company’s financial performance and position are influenced by various factors, including cash flow, business conditions, and strategic needs[169]. - The company has appointed an external service provider for company secretarial services, ensuring compliance with corporate governance standards[141]. - The company’s board of directors is responsible for ensuring compliance with relevant laws and regulations affecting its operations[161]. - The company encourages shareholder participation in annual general meetings and provides necessary information for informed decision-making[166]. Risk Management - The board is responsible for assessing the nature and extent of risks the company is willing to accept in achieving its strategic objectives, including environmental, social, and governance risks[136]. - The company has adopted a credit risk management policy to continuously assess credit risks and monitor significant overdue payments[137]. - The company has implemented an anti-corruption policy to prevent internal corruption and bribery, with open channels for employees to report any suspected misconduct[138]. - The company has established a risk management and internal control system, with the board overseeing its design, implementation, and monitoring[136]. Dividend Policy - The company has a dividend policy in place, although specific details were not disclosed in the provided content[130]. - The company has established a dividend policy that allows the board to propose dividends based on financial performance and conditions, with no predetermined payout ratio[169]. Share Issuance - 160,000,000 new shares were allocated to subscribers on March 30, 2021, with a net amount of approximately HKD 7.7 million[200]. - The net proceeds from the placement have been utilized for specific purposes from March 30, 2021, to December 31, 2022[200].