Financial Performance - The company reported a basic and diluted earnings per share of HKD 0.66 for 2023, recovering from a loss of HKD 3.34 per share in 2022[10]. - The company recorded a profit of approximately HKD 11,132,000 for the year, a significant improvement of about 119% from a loss of HKD 58,899,000 in 2022[61]. - Total comprehensive income for the year was HKD 10,967,000, compared to a loss of HKD 60,816,000 in the prior year, reflecting improved financial performance[105]. - Gross profit for the year was HKD 52,841,000, up from HKD 18,808,000 in the previous year, indicating a significant increase in profitability[103]. - The company’s liquidity ratio (current assets to current liabilities) was approximately 332% in 2023, compared to 82% in 2022[77]. Revenue Growth - The company reported revenue of HKD 143,654,000 for the year ended December 31, 2023, compared to HKD 106,533,000 in 2022, representing a growth of approximately 35%[103]. - Revenue from telecommunications-related business in China increased to HKD 44,982,000 in 2023 from HKD 38,966,000 in 2022, reflecting a growth of approximately 25.9%[3]. - Major customer A in the shipping and logistics segment generated revenue of HKD 98,672,000 in 2023, up from HKD 67,567,000 in 2022, representing a growth of approximately 46.1%[5]. - The group recorded total revenue of approximately HKD 98,672,000 for the shipping and logistics segment, an increase of about 46% compared to HKD 67,567,000 in 2022[23]. - The telecommunications segment generated revenue of approximately HKD 44,982,000, up about 15% from HKD 38,966,000 in 2022[24]. Cost and Expenses - Total service costs, including depreciation of property, plant, and equipment, amounted to HKD 90,813,000 in 2023, compared to HKD 87,725,000 in 2022[7]. - The company incurred research and development costs of HKD 259,000 in 2023, significantly down from HKD 7,418,000 in 2022, suggesting a shift in focus or reduced investment in R&D[7]. - The company’s other income for the year was HKD 2,203,000, down from HKD 4,109,000 in 2022[74]. Assets and Liabilities - Total liabilities decreased from HKD 70,123,000 in 2022 to HKD 26,874,000 in 2023, with significant reductions in both shipping and logistics, and telecommunications-related business liabilities[2]. - The group’s total assets less current liabilities increased to HKD 198,192,000 from HKD 139,423,000 in 2022[47]. - The net asset value of the company rose to HKD 193,075,000, compared to HKD 137,573,000 in 2022[47]. - The total equity attributable to the owners of the company was approximately HKD 191,879,000, up from HKD 134,804,000 in 2022[62]. - The debt-to-equity ratio improved to approximately 14% in 2023, compared to 51% in 2022[62]. Shareholder Information - The total number of issued shares increased to 1,994,975,244, up from 1,694,975,244 in 2022, reflecting a capital increase[19]. - The company did not recommend any dividends for the years ended December 31, 2023, and 2022[9]. - The company did not declare any dividends for the year ended December 31, 2023, consistent with the previous year[81]. - The board of directors confirmed compliance with the corporate governance code throughout the year[80]. - The company has maintained a public shareholding percentage of over 25% throughout the year[91]. Future Outlook - The company anticipates that new charter rates for shipping contracts expiring mid-2024 will be lower than current rates due to expected weak global economic growth[26]. - The overall business environment in China is expected to remain challenging in 2024, impacting the telecommunications segment due to declining export and slow local consumption recovery[27]. Cash Flow and Current Assets - Cash and bank balances as of December 31, 2023, were approximately HKD 14,517,000, down from HKD 18,087,000 in 2022[88]. - The net current assets amounted to approximately HKD 50,480,000, a significant improvement from a net current liability of HKD 11,996,000 in 2022[88]. Segment Performance - Gross profit for the shipping and logistics segment was approximately HKD 47,669,000, representing a 193% increase from HKD 16,251,000 in 2022[23]. - The telecommunications segment reported revenue of HKD 44,982,000, but incurred a segment loss of HKD 3,158,000[56].
亚洲能源物流(00351) - 2023 - 年度业绩