Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 178,624,000, a decrease of 6.8% compared to HKD 190,286,000 in 2022[5] - Gross profit for the same period was HKD 62,757,000, down from HKD 68,537,000, reflecting a gross margin of 35.1%[5] - The net profit for the year was HKD 6,484,000, a decline of 9.2% from HKD 7,138,000 in the previous year[7] - Basic earnings per share decreased to HKD 1.56 from HKD 1.78, representing a drop of 12.3%[7] - The company reported a total comprehensive income of HKD 6,152,000, down from HKD 7,002,000, a decrease of 12.1%[7] - The net profit attributable to the company's owners decreased from approximately HKD 7.1 million in 2022 to approximately HKD 6.5 million in 2023, resulting in a net profit margin of approximately 3.6%[48] - Basic earnings per share decreased from HKD 1.78 in 2022 to HKD 1.56 in 2023, while diluted earnings per share also fell from HKD 1.78 to HKD 1.52[31] Assets and Liabilities - Total assets increased to HKD 141,149,000 from HKD 133,196,000, marking a growth of 5.9%[8] - The company’s non-current assets decreased to HKD 11,596,000 from HKD 32,442,000, a decline of 64.3%[8] - The company's current assets increased to approximately HKD 129.6 million in 2023 from approximately HKD 100.8 million in 2022, while current liabilities rose to approximately HKD 50.6 million[49] - Trade receivables decreased from HKD 33.4 million in 2022 to HKD 26.9 million in 2023, with a provision for impairment losses of HKD 681,000[32] Cash Flow and Financing - Cash and bank balances rose significantly to HKD 90,576,000, up from HKD 58,585,000, indicating a 54.6% increase[8] - The company's financing costs decreased slightly from approximately HKD 696,000 in 2022 to approximately HKD 695,000 in 2023[45] - As of December 31, 2023, the group had no assets pledged to secure general bank financing, compared to HKD 1.5 million in 2022[79] Employee and Operational Costs - The group recognized a total employee benefit expense of HKD 71,110,000 in 2023, an increase of 1.9% from HKD 69,777,000 in 2022[28] - The total employee cost for the reporting period was approximately HKD 71.1 million, an increase from HKD 69.8 million in 2022[54] - The company employed 130 staff in Hong Kong, down from 142 in 2022, while increasing staff in China from 8 to 9, Taiwan from 10 to 18, and maintaining 13 in Singapore[54] Dividends and Shareholder Returns - The group proposed a final dividend of HKD 0.02 per share for the reporting period, up from HKD 0.015 per share in 2022[29] - The board proposed a final dividend of HKD 0.02 per share for the reporting period, an increase from HKD 0.015 per share in 2022[103] - The annual general meeting is scheduled for May 9, 2024, to approve the proposed final dividend[104] Strategic Plans and Market Focus - The company plans to continue focusing on integrated printing services and exploring new market opportunities[11] - The company plans to strengthen its core competitiveness and explore new business opportunities in response to economic uncertainties[38] - The company plans to maintain its focus on business expansion and strategic partnerships to enhance its market position[75] - The company plans to continue exploring selective acquisitions and partnership opportunities to enhance revenue and shareholder returns[50] Acquisitions and Investments - The company acquired a 51% stake in into23 Limited in May 2023, integrating AI support technology and a large domestic translation partner network[37] - The company acquired 51% of into23 Limited for HKD 6,375,000, enhancing its revenue sources and customer base[90] - The acquisition of the target company aligns with the group's future development strategy and is expected to strengthen its core financial printing business[92] Corporate Governance and Compliance - The company has complied with all applicable laws and regulations during the reporting period[85] - The company has adopted the corporate governance code and has complied with all applicable provisions during the reporting period[84] - The board confirmed that all directors adhered to the trading standards set forth in the GEM listing rules during the reporting period[87] Share Incentive Plans - The company adopted a share award plan on July 4, 2022, aimed at recognizing and rewarding contributions to business growth[56] - A total of 21,415,000 shares were granted to 15 qualified participants on April 1, 2023, with 17,415,000 shares awarded to 14 employees and 4,000,000 shares to an executive director[69][70] - Approximately 34% of the awarded shares will vest on March 31, 2024, and approximately 66% will vest on March 31, 2025, contingent on performance and contribution conditions[73][76] - The share incentive plan constitutes a related party transaction, requiring compliance with GEM listing rules, and was approved by independent shareholders on May 9, 2023[72] Audit and Financial Reporting - The audit committee, consisting of three independent non-executive directors, oversees financial reporting and risk management[107] - The auditor confirmed that the financial figures in the preliminary announcement align with the audited consolidated financial statements for the reporting period[108] - No significant events requiring disclosure were reported after December 31, 2023, up to the announcement date[102]
HM INTL HLDGS(08416) - 2023 - 年度业绩