Financial Performance - For the fiscal year 2022, the company recorded revenue of approximately HKD 2,947 million, an increase of about 16.0% compared to the fiscal year 2021[11]. - The gross profit for the fiscal year 2022 was approximately HKD 502 million, a slight increase of about 1.2% from the previous year[11]. - The company reported a total comprehensive loss attributable to owners of approximately HKD 699 million for the fiscal year 2022[11]. - The company reported a net loss attributable to equity shareholders of approximately HKD 67.1 million for the fiscal year 2022, compared to a net loss of approximately HKD 20.3 million in fiscal year 2021, an increase of HKD 46.8 million[33]. - The company's administrative expenses for the fiscal year 2022 were approximately HKD 1,033 million, an increase of about HKD 433 million or 72.1% from HKD 600 million in 2021[61]. - The gross profit margin decreased from approximately 19.6% in 2021 to about 17.1% in 2022, mainly due to increased outsourcing costs and lower margins in entertainment products[59]. - The net loss for the fiscal year 2022 was approximately HKD 699 million, compared to a net loss of approximately HKD 214 million in 2021, primarily due to an increase in intangible asset impairment losses[62]. Business Strategy and Outlook - The company anticipates that the easing of COVID-19 measures and the reopening of borders in Hong Kong and China will have a positive impact on its business[12]. - The company plans to accelerate the integration of its IT infrastructure and development solutions services in China to create optimal results for shareholders[12]. - The company aims to expand its technology and development solutions services in China and cultivate the new energy vehicle industry[12]. - The company believes that the expansion of its business will enhance its capabilities in smart IT technology and development solutions[12]. - The company is focused on developing and nurturing the new energy vehicle industry as part of its future growth strategy[40]. - Future outlook remains positive, with management expressing confidence in achieving long-term growth targets[17]. Revenue Segmentation - Revenue from the IT infrastructure solutions segment was approximately HKD 114.1 million, accounting for about 38.7% of total revenue for fiscal year 2022, representing a 9.6% increase from approximately HKD 104.1 million in fiscal year 2021[34]. - Revenue from the IT development solutions segment was approximately HKD 123.4 million, accounting for about 41.9% of total revenue for fiscal year 2022, reflecting a 16.4% increase from approximately HKD 106.0 million in fiscal year 2021[35]. - Revenue from the IT maintenance and support services segment surged by approximately 117.1% to about HKD 55.2 million, accounting for approximately 18.7% of total revenue for fiscal year 2022, up from about HKD 25.4 million in fiscal year 2021[36]. - Revenue from the entertainment products segment decreased significantly by approximately 89.4% to about HKD 2.0 million, representing only 0.7% of total revenue for fiscal year 2022, down from approximately HKD 18.6 million in fiscal year 2021[39]. Risk Management - The company has identified several key risks, including reliance on a few major suppliers, which could significantly impact operational performance[44]. - The company faces potential credit risks from customers, which could adversely affect financial performance[44]. - The company has adopted a risk management policy to identify, assess, and manage significant risks related to its business operations[146]. - The company is monitoring foreign exchange risks due to operations in China[46]. - The company acknowledges the uncertainty in future revenue streams due to project-based IT initiatives[47]. Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15 and believes it has complied with the code throughout the 2022 financial year, with some exceptions noted[89]. - The board of directors believes that the risk of legal action against directors is relatively low due to effective risk management and internal control systems, thus deeming insurance for directors unnecessary[91]. - The company has established three board committees: audit, remuneration, and nomination, each with clear written terms of reference[112]. - The independent non-executive directors have confirmed their independence annually, in line with GEM Listing Rule 5.09[105]. - The company has committed to continuously reviewing its corporate governance practices to meet increasing expectations from investors and regulators[99]. Employee and Community Engagement - The company acknowledges the significant efforts and contributions of its employees in achieving business goals[13]. - Total employee costs for the fiscal year 2022 amounted to approximately HKD 80.7 million, an increase from approximately HKD 70.4 million in fiscal year 2021[72]. - The company made charitable donations totaling approximately HKD 8,600 in fiscal year 2022, compared to HKD 2,800 in 2021[81]. Shareholder Communication - The company’s communication policy ensures shareholders are informed and can exercise their rights effectively[149]. - The company has established multiple channels for communication with shareholders, including financial reports and annual general meetings[151]. Stock Options and Shareholding - The stock option plan was adopted to incentivize eligible participants and is valid for 10 years from June 22, 2018, until June 21, 2028[186][187]. - The company granted a total of 80,000,000 stock options under the stock option plan, with a maximum of 1% of the total issued shares allowed to be granted to each participant within any twelve-month period[191]. - As of December 31, 2022, a total of 66,500,000 stock options were available for issuance after all options granted under the plan were exercised, representing approximately 6.9% of the total issued shares[194]. - The total number of stock options exercised in the 2021 fiscal year was 3,900,000, with no options canceled and 9,600,000 options lapsing[194].
倢冠控股(08606) - 2022 - 年度财报