Financial Performance - The group's consolidated revenue decreased by 5.5% to HKD 784.4 million in 2023, down from HKD 830.1 million in 2022[3]. - The group reported a loss attributable to equity holders of HKD 221.4 million, compared to a profit of HKD 142.4 million in the previous year[5]. - The group's loss attributable to equity holders was HKD 221 million, compared to a profit of HKD 142 million in the previous year[17]. - The group recorded a net loss of HKD 211.463 million for the year, compared to a profit of HKD 185.193 million in the previous year, indicating a significant downturn in financial performance[24]. - The basic and diluted loss per share for the year was HKD 5.59, compared to earnings of HKD 3.60 per share in 2022[24]. - Total comprehensive loss for the year amounted to HKD 354,412,000, a stark contrast to a total comprehensive income of HKD 92,761,000 in the previous year[25]. - The company reported a net loss attributable to equity holders of HKD 221,426,000 for the year ended December 31, 2023, compared to a profit of HKD 142,420,000 in 2022[51]. Revenue Breakdown - Revenue from media business amounted to HKD 757.7 million, while revenue from technology platforms and investments totaled HKD 31.1 million[3]. - The trading volume of the e-commerce business, Youle, increased by 47.8% to RMB 18.1 billion in 2023[4]. - The social media business, Pixnet, generated total revenue of HKD 25 million, with a segment loss of HKD 15 million[4]. - The publishing group maintained its market leadership in Taiwan, recording total revenue of HKD 742 million and segment profit of HKD 73 million[4]. - Total revenue for the electronic commerce segment reached HKD 6,169,000, while the social network segment generated HKD 22,694,000, contributing to a total revenue of HKD 784,446,000 for the year ended December 31, 2023[33]. Assets and Liabilities - As of December 31, 2023, TOM Group's cash and bank balances amounted to approximately HKD 538 million, with total credit facilities of HKD 4.52 billion, of which 81% or HKD 3.66 billion has been utilized for investments, capital expenditures, and working capital[18]. - The group's total loan principal as of December 31, 2023, was approximately HKD 3.66 billion, with a capital debt ratio of 154.4%, up from 135.6% a year earlier[18]. - Non-current assets decreased from HKD 2,192,430,000 in 2022 to HKD 2,127,657,000 in 2023, reflecting a reduction of approximately 3%[26]. - Current liabilities increased to HKD 880,243,000 in 2023 from HKD 498,504,000 in 2022, representing a rise of about 76%[26]. - The company's total liabilities increased from HKD 3,544,030,000 in 2022 to HKD 3,753,455,000 in 2023, marking an increase of approximately 6%[27]. - The company reported a total liability of HKD 4,127,448,000 as of December 31, 2023[38]. Operational Insights - The group aims to continue seeking selective growth opportunities while maintaining stable business performance[4]. - The group plans to closely monitor operational and capital expenditures to maintain prudent financial conditions[4]. - The segment loss from technology platforms and investments narrowed by 72.1% to HKD 11 million[7]. - The company operates five reportable business segments: e-commerce, mobile internet, social networking, publishing, and advertising[31]. - The e-commerce segment provides services to users of mobile and internet trading platforms, contributing to overall revenue growth[31]. Employee and Cost Management - As of December 31, 2023, the group employed approximately 1,200 full-time employees, with total employee costs (excluding directors' remuneration) amounting to HKD 308 million[22]. - Employee costs decreased to HKD 83,998,000 in 2023 from HKD 87,091,000 in 2022[43]. - The total operating expenses decreased to HKD 132,166,000 in 2023 from HKD 142,688,000 in 2022[43]. Strategic Focus and Future Plans - The group aims to improve its financial performance by focusing on strategic acquisitions and partnerships in the upcoming fiscal year[33]. - The group is engaged in mergers and acquisitions to achieve profit and cash flow growth[63]. - The group is committed to providing support for addressing social and environmental challenges through its business solutions[63]. - The group has a strategy for investment in fintech and advanced big data analytics[66]. Impairments and Provisions - The group confirmed non-cash impairment losses of approximately HKD 14 million related to Youle and HKD 8 million related to goodwill impairment[3]. - The company recorded a significant impairment charge of HKD 24,418,000 related to goodwill in the electronic commerce segment[33]. - The goodwill impairment provision for the year ended December 31, 2023 was HKD 7,504,000, compared to HKD 18,103,000 in 2022[46]. Tax and Financing - The overseas tax expense decreased to HKD 14,502,000 in 2023 from HKD 18,930,000 in 2022, reflecting a reduction in overseas taxable profits[49]. - The company's financing costs increased significantly to HKD 189,389,000 in 2023 from HKD 83,856,000 in 2022, primarily due to higher bank loan interest and borrowing costs[48].
TOM集团(02383) - 2023 - 年度业绩