Financial Performance - For the fiscal year ended December 31, 2023, the company reported total revenue of HKD 137,164,000, an increase of 12.3% from HKD 122,135,000 in 2022[1] - The gross profit for the year was HKD 9,313,000, compared to HKD 8,191,000 in the previous year, reflecting a gross margin improvement[1] - The company incurred a loss of HKD 12,766,000 for the year, which is a 21.6% increase from the loss of HKD 10,538,000 in 2022[1] - Basic and diluted loss per share was HKD 0.62, compared to HKD 0.54 in the prior year[1] - The total comprehensive loss for the year was HKD 12,403,000, a decrease from HKD 37,628,000 in 2022, indicating improved performance in other comprehensive income[2] - The reported segment loss for 2023 was HKD (3,937,000), compared to a loss of HKD (2,610,000) in 2022, indicating a deterioration in performance[25] - The company reported a net loss before tax of HKD (12,766,000) for 2023, compared to a loss of HKD (10,564,000) in 2022, reflecting increased financial challenges[25] - The group recorded a loss of HKD 11,313,000 for 2023, compared to a loss of HKD 9,813,000 in 2022, with the weighted average number of shares remaining at 1,815,911,000[54] Assets and Liabilities - Non-current assets decreased to HKD 82,014,000 from HKD 86,243,000, primarily due to changes in property and equipment[14] - Current assets totaled HKD 322,589,000, down from HKD 340,255,000, with cash and cash equivalents decreasing to HKD 82,145,000 from HKD 93,878,000[14] - The company’s total liabilities decreased to HKD 40,929,000 from HKD 46,783,000, indicating improved financial stability[14] - The total assets reported for 2023 were HKD 404,603,000, down from HKD 426,498,000 in 2022, reflecting a decrease of 5.1%[25] - The total liabilities decreased to HKD 41,061,000 in 2023 from HKD 48,509,000 in 2022, a reduction of 15.1%[25] - The group’s total liabilities decreased, reflecting improved financial management and credit risk control measures[36] - The group has no bank borrowings or significant liabilities as of December 31, 2023, maintaining a stable financial position[107] Revenue Segments - The company plans to continue expanding its electronic device solutions segment, which generated revenue of HKD 69,731,000, up from HKD 37,821,000 in the previous year[23] - The group reported a revenue of HKD 67,433,000 from metal sales in 2023, up from HKD 37,821,000 in 2022, accounting for 49% of total revenue[63] - The electronic device solutions segment generated revenue of HKD 69,731,000 in 2023, down from HKD 84,314,000 in 2022, with a segment loss of HKD 2,733,000 compared to a loss of HKD 1,133,000 in 2022[64] Investments and Development - The company has undergone a name change to Shuoao International Holdings Limited, effective October 20, 2023, which may enhance brand recognition and market presence[6] - The fair value of the investment in Jinjiang Holdings was HKD 36,877,000 as of December 31, 2023, accounting for 9% of the group's total assets[73] - The company recorded a fair value gain of HKD 194,000 from the investment in Jinjiang Holdings, compared to a fair value loss of HKD 12,165,000 in 2022[91] - The company is considering multiple feasibility studies for property development in Australia, indicating potential market expansion[61] - The company expects to obtain development approval for the land in Australia within 12 to 18 months after submitting the development proposal[68] - The group is in the final planning stage for a major development application regarding healthcare and medical facilities, which will commence after selecting a preferred operator[101] Financial Management - The company has maintained a prudent financial management strategy, with a debt-to-equity ratio of 7.8 times as of December 31, 2023, compared to 7.2 times in 2022[78] - The group's debt-to-equity ratio was maintained at a low level of 0.5% as of December 31, 2023, compared to 2.0% as of December 31, 2022[107] - The group has maintained strict credit control, with credit terms ranging from 10 to 90 days, and all trade receivables are expected to be collected within one year[35] - The group has maintained a balance of RMB currency assets and liabilities to mitigate risks associated with currency fluctuations[108] Employee and Operational Costs - Employee costs for 2023 were HKD 20,753,000, slightly down from HKD 20,914,000 in 2022[53] - The total employee cost for the review year was HKD 20,753,000, slightly down from HKD 20,914,000 in the previous year[114] - Research and development costs for 2023 amounted to approximately HKD 3,926,000, slightly up from HKD 3,875,000 in 2022[28] Corporate Governance and Future Plans - The company did not recommend any dividend distribution for the year ending December 31, 2023, consistent with 2022[31] - The company will not distribute any dividends for the year ending December 31, 2023, consistent with the previous year[132] - The annual general meeting is scheduled for June 17, 2024, with a suspension of share transfer registration from June 12 to June 17, 2024[131] - There are no significant matters affecting the group after the reporting period[133] - The board has complied with all applicable code provisions of the corporate governance code as of December 31, 2023[133] - The group will continue to enhance its sales capabilities and explore product diversification opportunities in response to global economic challenges[105] - The group is exploring various development strategies and plans within the current planning scope to expedite approval processes[98] Name and Branding Changes - The company has changed its English name from "Hailiang International Holdings Limited" to "Shuoao International Holdings Limited" effective October 20, 2023[126] - The stock trading abbreviation on the exchange has been updated from "HAILIANG INTL" to "SHUOAO INTL" effective December 11, 2023[127]
海亮国际(02336) - 2023 - 年度业绩