Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately HKD 211,214,000, representing a 9.41% increase from HKD 193,041,000 in the previous year[10]. - The net profit for the year decreased by 32.13% to approximately HKD 26,204,000, down from HKD 38,610,000 in the previous year[7]. - The group reported revenue of HKD 211,214,000 for the year ended December 31, 2023, representing an increase of 9.1% compared to HKD 193,041,000 in 2022[40]. - The group’s profit before tax was HKD 30,887,000, down 33.1% from HKD 46,120,000 in the previous year[40]. - Net profit attributable to the owners of the company was HKD 23,408,000, a decrease of 35.8% compared to HKD 36,498,000 in 2022[40]. - Basic and diluted earnings per share for the year were HKD 5.85, down from HKD 9.12 in the previous year, reflecting a decline of 35.8%[40]. - The group reported a pre-tax profit of HKD 30,887,000 for 2023, down 33.1% from HKD 46,120,000 in 2022[71]. Revenue Breakdown - Revenue from elderly care services increased by approximately 9.72% to HKD 159,255,000 from HKD 145,144,000 in the previous year[12]. - Revenue from the Social Welfare Department's improved placement plan increased by 28.02% to HKD 51,293,000 from HKD 40,067,000 in the previous year[12]. - Revenue from day care services for the elderly increased from approximately HKD 4,805,000 to about HKD 4,856,000, a rise of approximately 1.07%[13]. - Revenue from personal customer rentals rose from about HKD 99,991,000 to approximately HKD 102,805,000, an increase of about 2.81%[13]. - Revenue from non-government organization rentals increased from approximately HKD 281,000 to about HKD 301,000, a growth of approximately 7.12%[15]. - Revenue from sales of elderly-related products and health services grew from about HKD 47,897,000 to approximately HKD 51,959,000, an increase of about 8.48%[16]. - Revenue from providing elderly home services was HKD 159,255,000 in 2023, up from HKD 145,144,000 in 2022, reflecting a growth of 9.7%[59]. - Revenue from the sale of elderly-related goods and provision of healthcare services reached HKD 51,959,000 in 2023, compared to HKD 47,897,000 in 2022, marking an increase of 8.6%[59]. Assets and Liabilities - The total assets decreased by 6.53% to HKD 197,355,000 from HKD 211,151,000 in the previous year[5]. - Total current assets as of December 31, 2023, were approximately HKD 71,473,000, down from about HKD 90,530,000 the previous year[23]. - Total non-current assets decreased to HKD 226,811,000 in 2023 from HKD 246,861,000 in 2022, a reduction of 8.1%[42]. - The group’s total equity decreased to HKD 197,355,000 in 2023 from HKD 211,151,000 in 2022, a decline of 6.5%[43]. - Trade receivables rose significantly by 345.83% to HKD 2,140,000 from HKD 480,000 in the previous year[5]. - Trade payables at the end of the reporting period were HKD 1,306,000 for 2023, slightly up from HKD 1,244,000 in 2022[83]. Employee Costs and Workforce - Employee costs decreased from approximately HKD 99,781,000 to about HKD 92,926,000, a decline of approximately 6.87%[19]. - The total employee costs for the year amounted to HKD 91,558,000, down from HKD 96,877,000 in the previous year, indicating a reduction of 5.5%[71]. - The group has maintained a workforce of 426 employees as of December 31, 2023, down from 437 employees in 2022[37]. Dividends and Shareholder Information - The board proposed a final dividend of HKD 0.04 per share, totaling HKD 16,000,000, compared to HKD 40,000,000 the previous year[28]. - The proposed final dividend for the year ending December 31, 2023, is HKD 0.04 per share, totaling HKD 16,000,000, pending shareholder approval[74]. - The record date for the proposed final dividend is set for May 23, 2024[108]. - The proposed final dividend is expected to be paid on June 6, 2024, if approved at the annual general meeting[108]. Compliance and Governance - The group’s financial statements are prepared in accordance with International Financial Reporting Standards and comply with the GEM Listing Rules[55]. - The independent auditor, BDO Limited, confirmed that the financial statements for the year ending December 31, 2023, are consistent with the group's consolidated financial statements[103]. - The audit committee, consisting of three independent non-executive directors, reviewed the annual performance and financial statements, ensuring adequate disclosure[104]. - The company confirmed compliance with GEM listing rules regarding related party transactions and will continue to adhere to these regulations[100]. Future Outlook and Strategy - The aging population in Hong Kong is expected to drive demand for elderly care services, with the elderly population projected to nearly double by 2040[9]. - The company aims to expand its network of elderly care homes in Hong Kong to serve more elderly residents[9]. - The company plans to continue optimizing resources and enhancing employee training while implementing cost control measures to save costs[7].
恒智控股(08405) - 2023 - 年度业绩