Financial Performance - The group's revenue for the twelve months ended December 31, 2023, was approximately HKD 596,400,000, representing an increase of about 69.7% compared to HKD 351,400,000 for the same period in 2022[2]. - The operating loss for the twelve-month period was approximately HKD 35,300,000, a significant improvement from an operating loss of HKD 129,700,000 in the previous year[2]. - The net profit for the twelve-month period was approximately HKD 29,000,000, a turnaround from a loss of HKD 131,100,000 in the previous year[2]. - The group's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the twelve months was approximately HKD 39,500,000, compared to an EBITDA of HKD 37,700,000 for the same period in 2022[2]. - The company reported a profit attributable to owners of the company of HKD 1,877,000 for the three months ended December 31, 2023, compared to a loss of HKD 6,907,000 in the same period last year[5]. - Basic earnings per share for the twelve months ended December 31, 2023, was HKD 0.0026, while for the same period in 2022, it was a loss of HKD 0.0109[22]. Revenue Sources - Revenue contributions primarily came from electronic payment and related services in Macau, amounting to approximately HKD 362,600,000, and lottery and related businesses generating about HKD 233,800,000[2]. - Revenue from electronic payment services reached HKD 148,792,000 for the three months ended December 31, 2023, compared to HKD 103,816,000 in the same period of 2022, marking a growth of about 43.3%[17]. - Lottery business revenue for the twelve months ended December 31, 2023, was HKD 339,626,000, up from HKD 172,855,000 in 2022, indicating an increase of approximately 96.7%[15]. - Revenue from external customers in mainland China was HKD 233,853,000 for the twelve months ended December 31, 2023, compared to HKD 171,174,000 in 2022, reflecting a growth of around 36.5%[19]. - The increase in revenue from lottery and related businesses was approximately HKD 233.8 million, up from HKD 171.2 million, indicating growth in this segment[65]. Expenses and Losses - Total operating expenses for the year ended December 31, 2023, were HKD 321,342,000, an increase of 51.6% compared to HKD 212,102,000 in 2022[20]. - Employee benefits expenses increased by approximately HKD 37.3 million to about HKD 165.1 million, attributed to the acquisition of Macau Tong Group and recruitment efforts for business expansion[67]. - The group experienced a decrease in other losses, netting approximately HKD 7,500,000, down from HKD 25,443,000 in the previous year[2]. Assets and Liabilities - Non-current assets totaled HKD 2,026,923,000 as of December 31, 2023, a decrease from HKD 2,075,677,000 as of December 31, 2022[6]. - Current assets decreased to HKD 1,785,046,000 as of December 31, 2023, from HKD 4,346,427,000 as of December 31, 2022[6]. - Total liabilities decreased significantly to HKD 1,155,137,000 as of December 31, 2023, from HKD 3,759,265,000 as of December 31, 2022[7]. - The company's net assets stood at HKD 2,656,832,000 as of December 31, 2023, slightly down from HKD 2,662,839,000 as of December 31, 2022[7]. - The company reported a decrease in total assets to HKD 3,811,969,000 as of December 31, 2023, from HKD 6,422,104,000 as of December 31, 2022[6]. Cash Flow - The company reported a net cash outflow from operating activities of HKD (2,571,456) thousand for the twelve months ending December 31, 2023, compared to a net inflow of HKD 2,747,588 thousand in the previous year[9]. - Cash and cash equivalents as of December 31, 2023, totaled HKD 1,104,470,000, a significant decrease from HKD 4,015,110,000 in 2022, representing a decline of 72.5%[26]. - The cash and bank balances significantly reduced to HKD 1,367,133,000 as of December 31, 2023, from HKD 4,023,664,000 as of December 31, 2022[6]. Dividends and Shareholder Information - The board did not recommend the payment of an interim dividend for the twelve-month period[2]. - The company currently does not have a dividend policy due to a lack of distributable reserves as per Bermuda law[111]. - The total number of shares issued as of December 31, 2023, is 11,672,342,235[88]. Strategic Initiatives and Future Plans - The company plans to continue expanding its electronic payment services and lottery business in both Macau and mainland China, leveraging its existing infrastructure and customer base[16]. - The group aims to enhance its digital financial services and expand its business scope beyond digital payment services[62]. - The company is optimistic about expanding the coverage of MPay's cross-border payment business to overseas countries and online scenarios[102]. Market and Economic Context - The total transaction value of Macau's electronic payment market in 2023 is approximately MOP 28.14 billion, representing a year-on-year growth of about 8.8%[39]. - The total number of inbound tourists to Macau in 2023 exceeded 28 million, representing a year-on-year growth of 390%[42]. - The anticipated increase in transaction volume is attributed to the recovery of tourism activities and the growing consumer spending of mainland Chinese tourists in Macau[97].
亚博科技控股(08279) - 2023 - 中期业绩