Revenue Performance - Total revenue for the year ended December 31, 2022, was HKD 3,432,728, a decrease of 18% from HKD 4,182,684 in 2021[8]. - Revenue from financial technology services increased to HKD 210,097, up 18% from HKD 177,564 in the previous year[8]. - Revenue from continuing operations for the year ended December 31, 2022, was HKD 3,432,728, a decrease of 18% from HKD 4,182,684 in 2021[198]. - For the year ended December 31, 2022, the company reported a revenue of HKD 2,688,668,000, an increase of 12.3% from HKD 2,393,435,000 in 2021[63]. - The total revenue from joint ventures for the year ended December 31, 2022, was 3,399,895 thousand HKD, compared to 2,695,559 thousand HKD in 2021, indicating a growth of approximately 26.1%[32]. Profitability - The group reported a net profit of HKD 3,623,736 for the year, compared to HKD 61,300 in 2021, indicating a significant increase[14]. - The company’s EBITDA for the year was HKD 788,193, a decrease of 24% from HKD 1,036,441 in the previous year[14]. - Profit attributable to owners of the company for the year was HKD 939,416, a significant decline of 73.3% from HKD 3,521,526 in 2021[124]. - The net profit attributable to the company's owners for the year ended December 31, 2022, was HKD 939,416,000, representing a 73% decrease from HKD 3,521,526,000 in 2021[179]. - The total comprehensive income for the year was HKD 218,030, down 77.6% from HKD 964,234 in the previous year[125]. Assets and Liabilities - The total assets for the group as of December 31, 2022, were HKD 3,234,828, down from HKD 4,021,961 in 2021[16]. - The company’s total liabilities decreased from 1,076,401 thousand HKD in 2021 to 967,734 thousand HKD in 2022, a reduction of about 10.1%[44]. - The company’s total liabilities increased to HKD 3,901,029 in 2022 from HKD 3,327,814 in 2021[194]. - The total assets as of December 31, 2022, amounted to HKD 2,846,550,000, reflecting an increase from HKD 2,688,668,000 in 2021[63]. - The total equity as of December 31, 2022, was HKD 7,554,282,000, a 1% increase from HKD 7,490,994,000 in 2021[179]. Cash Flow - The company reported a net cash inflow from operating activities of HKD 34,766,000 for the period ending May 23, 2022, compared to HKD 15,955,000 for the year ending December 31, 2021[152]. - The company reported a net cash inflow from operating activities of HKD 441,335 in 2022, compared to an outflow of HKD 743,189 in 2021[195]. - The company’s cash and cash equivalents increased from 902,581 thousand HKD in 2021 to 857,069 thousand HKD in 2022, indicating a decrease of about 5.0%[49]. - Cash and cash equivalents at the end of 2022 were HKD 3,537,506, up from HKD 3,295,300 in 2021[195]. Research and Development - The company incurred research and development costs of HKD 251,422, an increase from HKD 214,497 in the previous year[18]. - The company has increased its R&D investment, launching new products in microservices platforms, container cloud platforms, and enterprise marketing tools[142]. Acquisitions and Investments - The company has acquired 40% of the issued share capital of Good Chain, with a purchase price of HKD 19,101,000, which will enhance its fintech service offerings[83][84]. - The acquisition of Beijing Xuanjia Technology Co., Ltd. involved a cash payment of HKD 3,603,000 for 60% of the issued share capital, expanding the company's digital payment services[88][89]. - The company acquired 20% of Beijing Zhongjin's issued share capital for approximately HKD 31,801,000, enhancing its stake in the fintech services sector[133]. Market Outlook - The company plans to expand its market presence and enhance its product offerings in the upcoming fiscal year[10]. - The company plans to expand its market beyond telecommunications operators, with a continuous increase in contract scale expected in 2023[142]. - The company anticipates a challenging economic outlook for 2023, despite an optimistic view on the recovery momentum of the national economy[141]. Employee and Operations - The company had a total of 2,782 employees as of December 31, 2022[191]. - In 2022, the company continued to provide product technology services and operational support to its main client, China Mobile Financial Technology Co., Ltd., maintaining stable business scale and receiving client recognition[142].
高阳科技(00818) - 2022 - 年度业绩