Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 1,935,876,000, representing an increase of 5.35% from HKD 1,837,386,000 in 2022[3] - Gross profit decreased to HKD 47,861,000, down 16.76% from HKD 57,514,000 in the previous year[3] - The profit before tax for 2023 was HKD 11,007,000, a decline of 54.91% compared to HKD 24,408,000 in 2022[3] - The net profit for the year was HKD 9,010,000, down 58.12% from HKD 21,452,000 in 2022[3] - Basic and diluted earnings per share for 2023 were both HKD 3.22, a decrease of 57.93% from HKD 7.66 in 2022[4] - Revenue increased from HKD 1,837,386,000 to HKD 1,935,876,000, representing a moderate growth[24] - Net profit decreased to HKD 9,010,000 from HKD 21,452,000, indicating a significant decline[16] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 212,393,000, an increase from HKD 191,921,000 in 2022[4] - Current liabilities increased to HKD 64,555,000 from HKD 47,412,000 in the previous year, reflecting a rise of 36.23%[4] - Total liabilities amounted to HKD 68,746,000, with total assets at HKD 232,062,000, resulting in a current ratio of approximately 3.3[26] - The total equity attributable to the owners of the company increased to HKD 163,316,000 from HKD 158,563,000, a growth of 2.23%[4] Cash and Liquidity - The company's cash and cash equivalents rose to HKD 110,498,000, up from HKD 86,122,000 in 2022, indicating a growth of 28.23%[4] - Cash and cash equivalents increased to HKD 110,498,000 from HKD 86,122,000, showing improved liquidity[27] Foreign Exchange and Investments - The company reported a net foreign exchange loss of HKD 723,000 in 2023, compared to a loss of HKD 796,000 in 2022[12] - The group's listed securities increased in value by 12.5% for the year ending December 31, 2023, attributed to improvements in the U.S. market, with fair value gains of HKD 1,343,000 compared to a loss of HKD 264,000 in 2022[29] - Dividend income received by the group was HKD 466,000, up from HKD 365,000 in 2022[29] Employee and Operational Insights - The number of employees increased to 65 as of December 31, 2023, from 48 in the previous year, with total salaries and benefits amounting to HKD 18,817,000, compared to HKD 17,200,000 in 2022[30] - The company faced challenges due to high operating costs, weak economic recovery in Hong Kong, and intense market competition[24] Corporate Governance and Compliance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules and has complied with its provisions[34] - The audit committee, composed entirely of independent non-executive directors, reviewed the consolidated financial statements for the year ending December 31, 2023[36] - The group currently has no significant contingent liabilities or guarantees as of December 31, 2023[32] - The group has maintained compliance with all relevant laws and regulations regarding employment, working conditions, health, safety, and the environment[33] Future Plans and Shareholder Information - The company plans to diversify its product portfolio and integrate satellite technology and AI into mobile devices to create new market demand[25] - Proposed final dividend of HKD 1.5 cents per share, totaling HKD 4,200,000, subject to shareholder approval[21] - The annual report for 2023 will be distributed to shareholders in April 2024 and published on the company's website[39] - The management expresses gratitude to employees, customers, suppliers, and shareholders for their support during challenging times[40]
新龙移动(01362) - 2023 - 年度业绩