Financial Performance - For the year ended December 31, 2023, the company reported revenue of HKD 2,709,164,000, a decrease of 21% compared to HKD 3,432,728,000 in 2022[1] - The gross profit for 2023 was HKD 992,177,000, down 23% from HKD 1,283,582,000 in the previous year[1] - Adjusted net profit decreased by 26% to HKD 512,670,000 from HKD 694,756,000 in 2022[1] - The company recorded a net profit of HKD 514,374,000, representing a 54% decline from HKD 1,114,614,000 in 2022[1] - Total revenue for the year ended December 31, 2023, was HKD 2,733,682,000, a decrease of HKD 24,518,000 compared to 2022[70] - EBITDA for the group was HKD 300,875,000 for the year ended December 31, 2023, reflecting a decrease from the previous year[70] - The group reported a diluted earnings per share of HKD 0.133 for continuing operations, down from HKD 0.142 in 2022[81] - The company reported a total of HKD 5,121,080,000 in receivables as of December 31, 2023, compared to HKD 2,575,967,000 in 2022[95] - The company reported a total payable amount of HKD 5,121.08 million in 2023, a substantial increase from HKD 2,575.97 million in 2022[1] Assets and Liabilities - The total assets increased by 14% to HKD 13,031,718,000 compared to HKD 11,455,311,000 in the previous year[15] - The total equity rose by 3% to HKD 7,778,018,000 from HKD 7,554,282,000 in 2022[15] - The company maintained a low debt-to-capital ratio of 1.1%, significantly down from 13.8% in 2022, indicating a strong financial position[4] - The company’s total liabilities increased to HKD 5,121,080,000 in 2023 from HKD 2,575,967,000 in 2022, reflecting growth in operational scale[120] Cash Flow and Investments - Cash and cash equivalents were reported at HKD 3,482,000,000, slightly down from HKD 3,537,500,000 in 2022[4] - The company’s cash inflow from operating activities was HKD 34,766,000, indicating positive cash generation from core operations[145] - The company completed the sale of a subsidiary for a total consideration of HKD 676,494,000, enhancing its liquidity position[129] - The company recognized revenue of HKD 40,177,000 from contract liabilities at the beginning of the year, down from HKD 68,939,000 in 2022, reflecting a decrease in deferred revenue[123] Research and Development - The group incurred research and development costs of HKD 303,079,000, an increase from HKD 251,422,000 in the previous year[48] Corporate Governance - The company has adopted a written code for securities trading by directors and senior management, which is not less stringent than the standards set out in the listing rules[150] - The company has implemented corporate governance practices in accordance with applicable code provisions for the year ended December 31, 2023[149] Market Outlook - The company remains optimistic about the market demand for its payment terminals and is prepared to seize significant opportunities in the global payment industry[196] Discontinued Operations - The profit from discontinued operations after tax was HKD 80,238,000, while the gain from the sale of a subsidiary amounted to HKD 429,339,000[164] - The total comprehensive income from discontinued operations was HKD 491,996,000[165] Accounting and Compliance - The group is evaluating the impact of adopting new accounting standards and interpretations on future reporting periods[38] - The company’s auditor confirmed that the figures in the preliminary announcement are consistent with the audited consolidated financial statements for the year ended December 31, 2023[153]
高阳科技(00818) - 2023 - 年度业绩